Royce Capitals

Royce Capitals Information

Founded in 2013, Royce Capitals is a regulated brokerage company registered in Malaysia. This firm boasts of its wide selection of investment options and its with its advanced trading platforms. Royce Capitals has different account tiers that vary based on increasing asset size. However, the initial deposit for a basic account is as high as $5,000 and this firm doesn't offer managed portfolios.

Pros and Cons

Is Royce Capitals Legit?

Royce Capitals is authorized and regulated by the Labuan Financial Services Authority (LFSA), with registration number MB/23/0113.

What Can I Trade on Royce Capitals?

When you open a brokerage account with Royce Capitals, you've got over 500 financial instruments across 5 different asset classes for investing: forex, energies, precious metals, bonds, and stocks. Compared to other online brokerages, Royce Capitals doesn't offer as many ways to invest.

Whether this is a pro or con for you depends on your investment strategy. If you're a trader focused on forex and bonds, for example, then you may be fine with Royce Capitals. On the other hand, if you want to trade cryptocurrency, mutual funds, or ETFs, you won't be able to do that here.

Besides, Royce Capitals doesn't offer managed portfolios of any kind. It's geared toward investors who are comfortable managing their investments themselves.

Account Types

It's not unusual for online brokerages to offer different account tiers. The upside of tiered accounts is that you might pay less in fees the more you invest. And fewer fees are good because you keep more of your investment returns.

Royce Capitals has different account tiers that vary based on increasing asset size. Tighter spreads, more educational resources, more advanced trading tools, and personalized services are available as your investment grows. If you're interested in investing here, you can open Professional, Signature, Private Banking, and Managed accounts. Demo accounts are also available.

You need at least $5,000 to open a professional account. However, that account is the most basic one. And there is no detailed information available for the Managed Account, which you need at least $1,000,000 to start with. So if you're a beginner without a lot of money to get started, finding another brokerage may be a better choice.

Royce Capitals Fees

Keeping an eye on investment fees matters. With Royce Capitals, the fees depend on the account type. For example, the spreads for live accounts are as follows:

• Professional Account: spreads are between 0.5 to 1.5 pip for major currency pairs, and leverage options range from 1:100 to 1:200.
• Signature Account: spreads are between 0.1 to 1 pip for major currency pairs, and leverage options range from 1:50 to 1:100.
• Private Banking Account: spreads are between 0.1 to 0.5 pips for major currency pairs, and leverage options range from 1:20 to 1:50.
• Managed Account: N/A

Besides, Royce Capitals offers commission-free stock trading.

Trading Platform

MT5 (MetaTrader 5) is available with Royce Capitals. You can apply it on multiple devices, including Windows, MAC, Android, and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analyses, the use of algorithmic trading applications, and copy trading.

Web Trader and Client Portal are also available here.

Deposit and Withdrawal

With Royce Capitals, funding and withdrawal methods are Wire Transfers via Banks, Skrill, Neteller, Mastercard and Visa. The minimum deposit is $250 and Royce Capitals does not charge any deposit fees.

Withdrawals are processed within the same day, as long as they are submitted during working hours.

Deposit Options

Withdrawal Options

Customer Support Options

If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to Royce Capitals's customer support. You have multiple choices, including email (info@roycecapitals.com), phone (+60 87 584859), and an online message box.

The Bottom Line

Royce Capitals has a lot to like experienced investors who know what they want from a portfolio and want access to a variety of trading platforms. Commission-free stock trading could be another selling point. On the other hand, you need at least $5,000 to open a basic account. So you may want to check another brokerage account if you're new to investing.

FAQs

Is Royce Capitals a regulated brokerage?

Yes, Royce Capitals is regulated by the Labuan Financial Services Authority (LFSA), with registration number MB/23/0113.

Is Royce Capitals good for beginners?

No, its minimum account opening deposit is $5,000. So if you're a beginning investor without a lot of money to get started, this platform may not be right for you.

Does Royce Capitals offer leveraged trading?

Yes, Royce Capitals provides a leverage option, which is up to 1:400.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for everyone.