Royal Pip is financial services company that is taking a different approach in it’s suite of online brokerage and investing solutions by focusing on it’s very easy to use user interface. Royal Pip offers its clients mainly a choice of several types of ECN. All of them are free of commission and offer both a fixed and variable spread.
What I thought was interesting about RoyalPip was its availability as a CFD broker and market maker that has been operating since 2014. It allows clients to trade in 52 currency pairs , commodities, stocks and indices on the MetaTrader 4 platform. There are many companies that are involved with RoyalPip such as Black Parrot Limited and Estonian-based Blonde Bear OU.
When becoming a client of RoyalPip.com, make sure you provide a valid passport or other identification document that is issued by authorities. You need to also provide a proof of residency in order to start trading and be able to make withdrawals from your account. Royal Pop does a great job with making sure your money reaches you safely through a verified source. They also offer demo accounts for those who want to try it out.
Spreads are offered at fixed and variable rates that can be as low as 0.3 pip. While they have no re-quoting, their clients are directly referred by the market price that their system receives. News trading is also available with leverages that depend on your initial deposit on the category you wish to trade on. Keep in mind funds are kept in segregated European accounts with tier 1 banking institutions. Since there is security at such a high degree, they also allow hedging on your trading account. It takes place when you open long and short positions that are on the same instruments simultaneously. When you open a buy and sell position on the same instrument in the same lot, the margin is 0.
You can also open more than one trading account, up to five in fact! It is preferable to use the same personal details for all of your trading accounts so you know where you kept all your information and assets. With our experience on this platform, make sure you are not dormant on your account which is more than 90 days of no activity. If this happens your account will be marked dormant and will be charged 5 USD or the full amount of the free balance in the account if its less than 5 USD.
One of the best things we liked about this platform is the ability to have no maximum amount that you can trade online. However there is a maximum number of 50 standard lots you can trade online at a time for streaming prices on standard accounts. The maximum number of positions open for all account times is 200. What we loved the most about this service is that each client is assigned their own personal account manager, and has full access to the trading academy where all information and tutorials are given to start trading. This platform gave lots of resources are given to get started and start trading off the bat