RoyalPip, owned and operated by Novax Capital Limited, is a leader in Forex brokering. FOREX is a term standing for Foreign Exchange and it is basically refers to the foreign exchange market. The Forex market is where banks, businesses, governments, investors and traders exchange currencies. The Forex market is operated on a daily basis with trading centers in many parts of the world.
RoyalPip offers online trading services and has for its website www.RoyalPip.com. Equipped with learning tools such as an Ebook, tutorials, video library one can become very informed. Services are available via mobile as well in which you can literally utilize services from your mobile phone. This ensures accessibility even while travelling for those on the go businessmen and women.
RoyalPip offers a variety of platforms for traders. The most popular as well as advanced platform is the standard MT4 and MT5. MT stands for MetaTrader and 4 is for 4.0, just as 5 is 5.0. It has the fastest execution available with a minimum contract size of $1000. Amongst the MetaTrader4 features are: chart setups, pre-installed indicators, market watch window, analysis tools, protection from negative balance and import/export data. There are several key advantages to the MT4. Among them are over 250 instruments to trade, leverage flexibility, list of shares from all world markets, execution without rejection and multi-language support.
Royal Pip has a selection of account types. There are the Standard, Pro, and VIP accounts. The Standard account has a deposit amount of one hundred dollars to five thousand dollars. Its spread type is variable. The trading platform is Metatrader4. It is inclusive of mobile trading, 24 hour support and daily analysis. The Pro account has a deposit amount of five thousand dollars to fifteen thousand dollars. Spread type is Variable/ECN. The trading platform is Metatrader4. It too is inclusive of 24 hour support, daily analysis and mobile trading. The VIP account has a deposit amount of fifteen thousand dollars and above. Its spread type is Variable/ECN. Like its forerunners, it utilizes Metatrader4 as its trading platform. Mobile trading, daily analysis and 24 hour support are included.
Funding a trading account can be done in a variety of ways. It can be done by credit card, whether it be Visa, Master Card or others, bank wire globally and alternate deposit methods such as Neteller and Webmoney. The deposit service is secured and a deposit verification is done via email. Once the deposit has approval the trading account will be funded and trading can begin. One of the major issues in dealing with a broker is withdrawals. There is a withdrawal procedure. As a withdrawal form is completed and submitted one will receive an email with a reference number with withdrawal ID so that you can keep track of it.
Royal Pip has an educational video tutorial section in which one can learn to be a trader. instructional topics teach one the advantages of trading, pairs, bid asking, bidirectional and leverage trading with examples, charts, an overview, open and closed trade, economical and technical analysis, economic data and support and resistance. There are downloadable legal aspects that one must read varying from risk, client agreement, execution policy, termination forms, categorization policy and conflict of interest policy. It is recommended that one adhere to understanding and exercising these aspects of the trading with Royal Pip. This is a business with a very informative website and trading record of its own.