Forex Royale is an online trading platform that offers trading in currencies (forex), cryptocurrencies, indices, commodities, and stocks. It allows traders to speculate on price movements in these markets and potentially profit from buying and selling financial instruments.
To be able to transfer money from forex royale to a bank account, everyone follows the instructions below from Naototnhat
What is Forex Royale?
Forex Royale is an online brokerage founded in 2022 that provides access to over 80 currency pairs and other assets like commodities, indices, cryptocurrencies, shares and ETFs. Here are some key things to know about Forex Royale:
- It is owned and operated by a company called Royale Markets Ltd which is based in the Republic of the Marshall Islands.
- Forex Royale offers trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) to its clients. These platforms allow automated and manual trading.
- Traders can open different types of accounts based on the amount they want to deposit. The accounts offered are Basic, Silver, Gold and Platinum. The minimum deposit amount is $250.
- The broker offers leverage of up to 1:500 depending on the account type. This allows traders to open larger positions with a smaller amount of upfront capital. However, leverage also amplifies losses.
- Forex Royale has partnered with multiple liquidity providers and banks to offer tight spreads and fast execution on trades. Its liquidity partners include global institutions like Goldman Sachs, Morgan Stanley, Citi Bank, HSBC and more.
- The broker supports a range of payment methods for deposits and withdrawals including bank wire transfer, credit/debit cards and e-wallets like Neteller, Skrill etc.
- Forex Royale says client funds are kept in segregated accounts for security. It is regulated in its home jurisdiction under the laws of the Republic of the Marshall Islands.
Overall, Forex Royale aims to provide an easy-to-use online trading platform with competitive conditions, spreads and leverage amounts for trading currencies and other financial instruments.
Does FX Royale pay real money?
Yes, Forex Royale allows traders to deposit real money and also withdraw their profits and capital in real money. When you open a live trading account and deposit money, you are trading with real funds and any profits or losses incurred are real.
Here are a few things to note:
- Forex Royale accepts deposits and processes withdrawals in various currencies including USD, EUR, GBP etc. This real money can be deposited via bank wire transfers, credit cards or electronic wallets.
- Once your live account is funded, you can use the money to trade on currencies, commodities, indices and other financial instruments supported on platforms like MT4 and MT5.
- Profits or losses made by trading are reflected in your account balance in real-time. These can be withdrawn whenever you want provided your account meets the withdrawal requirements.
- Withdrawals are also processed in real money back to the original source of deposit. The broker supports various payment methods for taking out funds.
- All money deposited is segregated in Tier-1 bank accounts as per regulatory requirements. Forex Royale is also subject to capital adequacy rules which require brokers to keep a certain level of capital reserves.
- Traders are advised to start small and use proper risk management. The money traded and profits made are very much real and risks are also involved when trading such volatile instruments.
So in summary, all money transactions with Forex Royale involve real funds. The deposits you make, trades you execute and withdrawals you process are all real money transactions.
How can I withdraw money from FX Royale to bank account?
Withdrawing money from your Forex Royale trading account to your personal bank account is simple and straightforward. Here are the key steps:
Step 1: Log in to Client Dashboard
Log in to your Forex Royale client dashboard using your login credentials. Go to the Cashier or Finance section.
Step 2: Click on Withdraw Funds
On the Cashier page, click on the “Withdraw Funds” option. This will open the withdrawal form.
Step 3: Enter Withdrawal Details
In the withdrawal form, enter the amount you want to take out and select your bank account from the options available. Make sure your bank account is already linked to your trading account.
Step 4: Submit the Request
Once all details are entered, submit the withdrawal request. All such requests are processed within 24 hours on business days.
Step 5: Wait for Processing
The broker will process your request once submitted. The time taken usually ranges from 1 to 3 business days.
Step 6: Confirmation
You will receive a confirmation email once the funds are sent to your bank account by Forex Royale. The money will reflect in your bank balance within 5 to 7 working days after being processed.
The process is very straightforward and swift. Make sure you have all requisite account links and document verification in place to ensure a smooth withdrawal process.
How long does FX Royale withdrawal take?
The typical withdrawal timeframes at Forex Royale are as follows:
- Processing time: 1 to 3 business days. This is the time taken by Forex Royale to review, process and approve your withdrawal request once you have submitted it.
- Completion time: 5 to 7 working days. This is how long it takes for the money to reach your bank account once the broker has sent it out.
- The total withdrawal timeframe is therefore roughly around 1 week from initial request to money hitting your bank account.
Here are some factors that affect withdrawal times:
- Method chosen – Bank wire transfers are slower while e-wallets are faster. Bank wires take 5-7 days while e-wallets may get processed within 24 hours in some cases.
- Weekends/holidays – Withdrawal processing only happens on business days. Requests made over weekends or holidays will be handled on the next working day.
- Incomplete documentation – Your account must be fully KYC compliant with all documents submitted. Missing details cause delays.
- Withdrawal limits – Forex Royale imposes daily/monthly withdrawal limits depending on your account tier. Staying within limits speeds up processing.
- Security reviews – Large or suspicious withdrawal requests may undergo additional security reviews which lengthens processing time.
- Failed transactions – Bank rejections, beneficiary errors etc. can cause withdrawals to fail, which then have to be resubmitted.
In summary, under normal conditions, Forex Royale withdrawal takes 1 to 3 days for processing and up to 7 days for the money to reach your personal bank account. Maintaining proper account documentation and staying within limits helps speed up the process.
There is no fee to transfer money from forex royale to a bank account
One of the benefits of withdrawing funds from Forex Royale to your bank account is that the broker does not charge any fee or commission for the transfer. It is absolutely free to withdraw your money.
Here are some key points:
- There are no withdrawal fees, charges or commissions when you transfer funds from Forex Royale to your personal bank account.
- This applies regardless of the withdrawal method used – bank wire, credit/debit card or e-wallets.
- The amount that hits your bank account will be the full amount you requested in the withdrawal, with no hidden deductions.
- Forex Royale covers the payment processing costs internally and does not pass them down to the trader.
- The only charges that may apply are intermediate bank charges for international transfers which depend on the trader’s own bank.
- But Forex Royale themselves do not levy any external withdrawal fees on top of your requested transfer amount.
- This makes it easy and cost-effective to withdraw funds from your trading account frequently whenever required.
- There are also no limits on how many withdrawal requests you can place. However minimum withdrawal amounts apply based on method.
So traders have full flexibility to transfer money back to their bank account from Forex Royale with no withdrawal fees. This helps traders maximize their capital and avoid trading account balances being eaten away by transfer charges.
Why not withdraw money from FX Royale to bank account
While withdrawing funds from Forex Royale to your bank account is generally a smooth process, there are some specific cases where it may be better to avoid withdrawals temporarily. These include:
Ongoing Bonuses or Promotions
- Forex Royale often runs bonuses or promotions that require a certain trading volume or account balance to be maintained to qualify.
- Making withdrawals during such programs can disqualify you from receiving the rewards or benefits. It’s better to avoid withdrawals until the requirements are met.
Plans to Reinvest Earnings
- If you plan to reinvest your trading profits frequently into more trades, it may be better to keep the money in your Forex Royale account instead of constantly transferring back and forth.
- The broker offers adequate account security so funds are also safe if maintained in your trading account.
Avoid Bank Wire Fees
- Withdrawing via bank wire usually incurs fees charged by intermediary banks, which cuts into your capital.
- Withdrawing less frequently in larger chunks avoids multiple costly bank wires.
- If your account balance is in the negative due to trading losses, withdrawal requests get rejected until you top up funds and bring the balance back to positive.
- It’s better to hold off on withdrawals and focus on restoring profits first in such cases.
As long as you factor in fees, required account balances, trading activity and profits, it makes sense to withdraw regularly from Forex Royale to your bank account when your capital permits it.
Withdrawing funds from your Forex Royale trading account to a personal bank account is convenient and straightforward. The broker offers multiple payment methods and does not charge any withdrawal fees or commissions.It is advisable to withdraw regularly to avoid capital being eroded by trading losses. However, one should be mindful of ongoing bonus requirements, plans to reinvest earnings and potential bank wire fees.