Creating an online FX brokerage with a grandiose title such as Royal Forex Trading certainly signals kind of confidence needed to perform well in the currency exchange market but does this site live up to such promise? Founded in 2008, the Middle Eastern company has gradually increased its influence and now works with clients across the Western world.
Fully regulated by Central Bank and compliant with the industry standard practice of client fund segregation means RFXT is as secure and reputable as any other major player in the Forex market. Indeed, to ensure maximum transparency, account holders are sent personally addressed emails each day with the exact status of their account balance, thus ensuring their funds don’t change without their prior knowledge.
RFXT.com’s Special FX:
Being able to pounce on a potentially profitable trade is something every FX trader needs to do if they want to make money and at RXFT this has been made exponentially easier thanks to a free SMS messaging system
Set as a standard feature for all account holders, this handy tool is able to alert users the latest market rates as well as inform them when certain opportunities emerge based a various trade signals.
For those who need a little guidance through the Forex world’s matrix of rapidly changing numbers, RFXT offers a mentoring program to help user develop into professional-level traders. Overseen by an experienced investor, the courses will address many aspects of the currency exchange market, including the latest financial strategies, how to read the market and how to manage your profit and losses.
RFXT offers two affordable account options for users who wish to bypass its demo account. With extremely low deposit limits and competitive spreads, users will be able to trade on the live FX market through MetaTrader 4 in a straightforward and profitable way.
ECN Account: Minimum account size is $1 and the minimum position size on this account is 0.1 lots on 42 currency pairs.
Spreads are variable and typical rates hover around 0.8 pips with a minimum of 0.3 pips. Scalping and Expert Advisors are allowed on this account and all currencies are quoted to five digits after the comma. Additionally, this account’s margin call level is set at 100% and its stop-out level at 20%
Standard Account: In the same way as the ECN account, this option has a minimum account size of $1 and a minimum position size of 0.1 lots. Spreads are variable from a minimum of 2 pips and both scalping and Expert Advisors are allowed.
Additionally, the 42 available currency pairs are quoted to 4 or 5 digits after the comma and margin call and stop-out levels are 100% and 20% respectively.
Finally, both accounts have the following additional features: Hedging, overnight interest rates (swaps), trailing stops, pending orders, one-click trading as well as mobile and automated trading.