OneRoyal Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of OneRoyal trading signals. You will learn what kinds of trading signals OneRoyal offers and what the conditions for using them are.
Short introduction of OneRoyal
OneRoyal’s clients trade CFDs on currency pairs, cryptocurrencies, stocks, indices, precious metals, energies, and ETFs. In addition to a free demo account, there are four live account types, namely Classic, ECN, VIP, and ECN Elite. The deposit starts from $50, and spreads start from 0, 0.4, or 1.4 pips depending on the account type. Trading fees also depend on the account type and can be $0, $3.5, or $7 per full lot. This broker provides access to two copy trading services, which are HokoCloud and Myfxbook. Another possibility of passive income is joint MAM accounts. Trading is conducted through MetaTrader 4 (MT4) modified by this broker with 12 unique tools. There is full-fledged training, several specialized services, and technical and fundamental analysis tools. Technical support works 24/5.
| 💰 Account currency: | USD, EUR, AUD, CAD, CHF, GBP, HKD, NZD, and SGD |
| 🚀 Minimum deposit: | $50 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💱 Spread: | Floating, from 0 pips |
| 🔧 Instruments: | CFDs on currency pairs, stocks, indices, cryptocurrencies, precious metals, energies, and ETFs |
| 💹 Margin Call / Stop Out: | No |
OneRoyal Pros and Cons
👍 Advantages of trading with OneRoyal:
•This broker gives the most individualized offers, which are four live account types differing in spreads and fees and various versions of MT4 that can be customized for each client;
•This broker does not set trading restrictions; thus, using advisors, trading news, scalping, and hedging are allowed. The minimum trade volume is 0.01 lot;
•There are hundreds of CFDs from seven groups in this broker's pool, which are more than enough to diversify risks and increase profit potential, especially considering the flexible leverage of up to 1:1000;
•The basic account currency can be USD, AUD, CAD, CHF, EUR, GBP, HKD, NZD, or SGD. There are 14 payment systems available and this broker covers all costs of its clients. Also, there is no fee for depositing and withdrawing funds;
•The company has existed since 2006 It is one of the oldest representatives of the segment, and it is regulated by four organizations, which ensures high security for traders;
•OneRoyal uses XCore-based high-speed connectivity in its LD4 and NY4 data centers. As a result, traders receive the minimum order execution time and an unsurpassed level of protection;
•Technical support is provided 24/5 by several call centers for different regions that include communication via email, live chat, and instant messengers.
👎 Disadvantages of OneRoyal:
•Traders can work only through MetaTrader 4, it is convenient and functional, but there are many other popular solutions that are not available here;
•This broker offers copy trading services and joint MAM accounts, but individuals do not have the opportunity to participate in the referral program and receive rewards for inviting new clients;
•The company has significant regional restrictions; thus, it does not provide its services to residents of Syria, North Korea, Iran, and some other countries.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
OneRoyal Trading Signals
The fees of OneRoyal are similar to most of its competitors. There are two types of basic trading costs for a trader; they are spreads and fees. Of course, it is more profitable for this broker's clients to have these conditions as low as possible, then they will spend less money on trading. OneRoyal’s spreads depend on the selected account type and start from 0, 0.4, or 1.4 pips. They are floating, that is, they change depending on the market situation. This is a standard practice, and in general, this broker's spreads can be called low. The same applies to fees: there are either none, or they are $3.5-$7 per 1 lot. Thus, it is objectively beneficial to trade with OneRoyal, regardless of which account type traders choose, what assets they use, and what strategies they employ.
| Account type | Spread (minimum value) | Withdrawal commission |
| Classic | 14$ and no fee | No |
| ECN | 0 pips and a $7 fee per lot | No |
| VIP | 4$ and no fee | No |
| ECN Elite | 0 pips and a $3.5 fee per lot | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that OneRoyal does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.