Many people believe that cryptocurrencies are the true financial future. Choosing a broker to invest in or trade cryptocurrencies is one of the most important steps to your success if you are ready to dive into the crypto world. Let’s take a look at FinaRoyal, one of the best cryptocurrency platforms, to see if it’s right for you.
FinaRoyal, which was founded a few years ago, has a streamlined approach to broker services that focuses on low costs, broad market access, and perfect trade execution. Clients can use a single web-based account to trade options, stocks, futures, bonds, funds, and forex on international markets. Overall, we have found FinaRoyal to be one of the best platforms for professional investors and sophisticated, active traders looking for a powerful set of tools and international access to a diverse portfolio of assets. So let’s take a closer look at FinaRoyal to see if it’s a good fit for your cryptocurrency investing needs.
Who Is FinaRoyal Intended For?
FinaRoyal is an excellent choice for institutional investors and traders looking for powerful trading tools and access to a diverse portfolio of assets. The brokerage platform has also attempted to broaden its appeal by introducing new products, services, and educational materials aimed at less active investors and traders. FinaRoyal’s reputation as one of the best professional-level platforms, on the other hand, may deter inexperienced traders. However, the company accepts customers from all over the world, supports trading on 135 markets, and uses 23 currencies.
Pros
- The global breadth of offerings and the diversity of asset classes
- The ideal order execution lever
- superior trading instruments
- Fees are low.
Cons
- It can be intimidating to less active and less experienced investors at first.
- There will be no automated trading or custom trading algorithm testing.
Usability
FinaRoyal’s onboarding process has recently become much simpler. You can even open an account without immediately depositing funds into it. Users, in fact, have 90 days to do so. The web-based platform is well-thought-out. You can quickly find what you need with an easy-to-navigate personal account and helpful customer support.
FinaRoyal offers a variety of trading platforms, including web, desktop, and mobile versions for iOS and Android devices. The application performs almost all of the same functions as the web-based platform.
Users can trade the same asset classes across all platforms. Similarly, they have real-time access to streaming data, charts, drawing tools, news, and research across all platforms. Traders can also access news from a variety of sources, such as Dow Jones, Benzinga, Seeking Alpha, Morningstar, Refinitiv, Thomson Reuters, and some in-house commentary.
Trading in Cryptocurrency
In 2021, FinaRoyal launched crypto trading, giving users access to ethereum, bitcoin, bitcoin cash, and litecoin. And, while the service does not provide commission-free crypto trading like some other brokers, the fee is quite low, ranging from 0.12 percent to 0.18 percent based on monthly volume. Furthermore, each order must meet a $1.75 minimum.
Trading Experience at FinaRoyal
The FinaRoyal personal account is an excellent place to check your positions, get a real-time overview of your transactions, and place basic orders. It is simple to obtain a trading ticket and stage cryptocurrency trade defaults. The account is designed for active crypto traders and investors who want flexibility and the ability to trade multiple products. Users can set up hotkeys to quickly place orders, and they can save transactions for later execution—either in a batch or one at a time. Traders can specify a specific time and date for a transaction to be completed, or they can submit a conditional order that will become active if certain conditions are met, such as if an existing trade executes. Users can also link the app to their account to execute automated trades or subscribe to trading signals from third-party providers. They can place, modify, and execute orders directly from the chart. Streaming real-time price quotes, charts, and news are available across all platforms, even when using multiple devices at the same time.
FinaRoyal Fees
FinaRoyal’s pricing structure is a little complicated. It is made up of three types of commissions for trading stocks:
- Price per share is fixed. It accounts for $0.005 per share traded with a minimum of $1.00. The maximum is 1% of the total trade value. It includes the majority of regulatory fees as well as all exchange fees.
- Pricing per share is tiered. It is calculated based on order activity per month and ranges from $0.0035 per share for less than 300,000 shares per month to $0.0005 per share for more than 100 million shares per month, with a minimum of $0.35 for each trade. The regulatory and exchange fees are not included in this option.
- The dedicated program allows for free trades of US-listed equities. Payment for transactions is determined by the order flow.
Testimonials:
Andy:
Excellent service, quick responses, a professional mobile app, and a plethora of tools to help with cryptocurrency trading. I’ve only been a user for a short time. However, I would strongly advise my friends to work with FinaRoyal.
Johnny:
FinaRoyal is one of the best trading platforms on the market. It is linked to a wide range of markets all over the world. It is an all-in-one cryptocurrency trading account with most (if not all) features and access to international markets. Best of all, the entry barrier for retail investors with limited capital is low, allowing everyone to benefit from what FinaRoyal has to offer. The platform’s information and statistics on available instruments (for example, stocks) are extensive.
Lisa:
Overall, I am very pleased with FinaRoyal. However, for me, using the personal account takes some effort, possibly due to a lack of relevant computer knowledge on my part.
