Wikilix
Contract reading

What ROYAL TRUST FUTURES legally published, but does not want you to read

Every clause below is published by ROYAL TRUST FUTURES itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: PT. Royal Trust Futures

missing documentnew clauseaccount closurecost disclosurecounterpartycountry restrictiondata retentiondealing on own accountdeemed acceptancehidden fee

PT. Royal Trust Futures publishes no client agreement. The Terms and Conditions you tick to open a live account are its privacy notice. A $50 charge per lot on gold and oil appears only inside a worked example on a product page. The page titled Copyright lets the broker freeze your account on an indication of cheating, intentional or not.

Back to ROYAL TRUST FUTURES

Contract risk

Money at risk
7.4/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
3
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
10
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
15
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
3

How the 10 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical3
Warning4
Notice3

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

1 of these 2 figures comes from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$50Fee you were not shown. Jump to the clause this comes from.A $50 per lot fee hidden inside a worked example3Account limit. Jump to the clause this comes from.Three countries barred by a footer line added quietly

What the documents say

10 clauses worth knowing about, worst first, each quoted from ROYAL TRUST FUTURES's own files

01

Royal Trust Futures tells you, at the foot of every page, that you must understand the Agreement and the Trading Rules before you invest. It publishes neither. The box you tick to open a live account is labelled Terms and Conditions, and the document behind it is the privacy notice.

Why this matters

Nothing in writing tells you what Royal Trust Futures may charge you, how long it has to pay a withdrawal, or what happens when you disagree with a trade. You cannot hold a firm to terms that were never published.

Exhibit 1CriticalRarely seen

Bagi Anda yang hendak berinvestasi dalam Perdagangan Berjangka Komoditi, diwajibkan terlebih dahulu untuk mengerti dan memahami kegiatan Perdagangan Berjangka Komoditi, serta isi Perjanjian dan Peraturan Perdagangan.
Clause Disclaimer in Risk Disclosure
Read from the broker's site on Open the reference
Our own capture of royalfx.co.id, taken on Oct 9, 2026The claim, on Disclaimer in the site-wide footer, IndonesianVisit this page on the broker's siteDownload the full size image file

Our readingA retail broker normally publishes a client agreement running to dozens of numbered clauses. Here the only document presented as terms at account opening governs personal data, so no written term covers money, execution or dispute.

  • Worse together with Exhibit 5With no agreement and no withdrawal terms, the timetable for paying your money out is set entirely by the firm as it goes.
02

Royal Trust Futures can freeze your account when it finds an indication of cheating, and the clause says intentional or unintentional. It claims the full right to do this, sets no time limit, promises no notice and offers no appeal. The clause sits on the page titled Hak Cipta, meaning Copyright.

Why this matters

Your balance can be locked away on a suspicion, without you having meant to do anything wrong, and nothing published says when you get it back. The word sementara, temporary, is the only limit, and no document defines it.

Exhibit 2CriticalRarely seen

Apabila ditemukan indikasi kecurangan secara sengaja / tidak sengaja dalam melakukan transaksi tersebut, maka pihak PT Royal Trust Futures memiliki otoritas / hak penuh untuk membekukan sementara akun nasabah untuk di tindak lanjuti oleh pihak otoritas
Clause Hak Cipta in Hak Cipta
Read from the broker's site on Open the reference
Our own capture of royalfx.co.id, taken on Oct 9, 2026The claim, on Hak Cipta page, Indonesian, the sentence immediately before the freeze clauseVisit this page on the broker's siteDownload the full size image file
Our own capture of royalfx.co.id, taken on Oct 9, 2026What the contract says, clause Hak CiptaVisit this page on the broker's siteDownload the full size image file

Our readingA freeze power normally turns on suspected abuse or a proven breach of a named rule. This one reaches conduct the firm itself accepts was unintentional, so a client who made an honest mistake meets the test.

  • Worse together with Exhibit 5The firm can freeze the account with no stated end date, and no published term gives you a deadline by which it must pay you out.
03

Royal Trust Futures charges you a $50 Facility Fee on every lot of gold or crude oil. The figure appears once, inside a profit and loss sum on a product description page. No fee page or fee schedule exists anywhere on the site.

Why this matters

The fee is taken from your result whether you win or lose, and you will only meet it by reading the arithmetic on a page about how gold is priced. On two lots it costs you $100 before the market moves.

Exhibit 3CriticalHarder than usual$50

P/L = [ (Sell Price – Buy Price) x Contract Size x n Lot ] – (Facility Fee x n Lot)
Clause PERHITUNGAN PROFIT/LOSS in Gold Description
Read from the broker's site on Open the reference
Our own capture of royalfx.co.id, taken on Oct 9, 2026The claim, on Loco London product page, advantages list, IndonesianVisit this page on the broker's siteDownload the full size image file
Our own capture of royalfx.co.id, taken on Oct 9, 2026What the contract says, clause PERHITUNGAN PROFIT/LOSSThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of royalfx.co.id, taken on Oct 9, 2026A $50 per lot fee hidden inside a worked example (clause PERHITUNGAN PROFIT/LOSS)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

What it costsIn the broker's own crude oil example, two lots earn $200 gross and the Facility Fee takes $100 of it. You keep $100, so the fee costs half the profit.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose costs and charges to a retail client before that client trades. Royal Trust Futures puts the $50 inside an illustration on a product page and publishes no fee schedule.

ROYAL TRUST FUTURES is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

04

Royal Trust Futures counts your stop loss and take profit as pending orders. After the Saturday market close, it says the MetaTrader system automatically deletes all of them. The same pages promise that an open position has no time limit, so your trade survives the weekend and its protection does not.

Why this matters

You can go into the weekend believing a stop protects you and come back on Monday with the position open and the stop gone. Re-enter every stop loss after each Saturday close.

Exhibit 4WarningHarder than usual

Pending Orders, yang terdiri dari Limit Orders (Buy Limit dan Sell Limit) dan Stop Orders (Buy Stop dan Sell Stop), Stop Loss dan Take Profit merupakan pemesanan harga yang dilakukan atas permintaan Nasabah.
Clause Pending Order (Limit Order / Stop Order) in Loco London
Read from the broker's site on Open the reference
Our own capture of royalfx.co.id, taken on Oct 9, 2026Stop loss orders deleted every Saturday close (clause Pending Order (Limit Order / Stop Order))Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 7A position left unprotected over the weekend meets a Monday opening gap, and the firm's own warning says a loss can run past what you deposited.
05

Royal Trust Futures says it is recognised for the speed of its withdrawal process. No document it publishes gives you a timeline, a minimum, a fee, or any ground on which it may refuse or delay paying you.

Why this matters

You have a compliment the firm pays itself and no deadline you could point to if your money does not arrive. Nothing published says what happens to a request the firm decides to hold.

Exhibit 5WarningHarder than usual

Sebagai salah satu perusahaan pialang berjangka komoditi terkemuka di Indonesia, PT. Royal Trust Futures telah diakui baik dari sisi kepatuhan terhadap hukum, kecepatan proses withdrawal maupun prestasi lainnya.
Clause Profil Perusahaan in Profil Perusahaan
Read from the broker's site on Open the reference
Our own capture of royalfx.co.id, taken on Oct 9, 2026Withdrawal speed advertised, withdrawal terms not published (clause Profil Perusahaan)Visit this page on the broker's siteDownload the full size image file

Every trade passes through a dealer Royal Trust Futures never names

Royal Trust Futures routes all transactions through what it calls LP (Pedagang), an Indonesian futures dealer. It names that dealer nowhere on its site. Its forex, gold and oil products all trade on the Alternative Trading System, where the dealer holds the other side of your position.

Who holds the other side1 clause flagged

Royal Trust Futures says all transactions go through what it calls LP (Pedagang), an Indonesian futures dealer. It names that dealer nowhere on its site. Its forex, gold and oil products trade on the Alternative Trading System, where the dealer takes the other side of your position.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

You cannot find out which firm holds the other side of your trade, or whether that firm profits when you lose. The one sentence that admits the arrangement sits on the page titled Copyright.

Exhibit 6WarningHarder than usual

PT Royal Trust Futures adalah pialang berjangka (broker) yang memiliki izin resmi sejak 2005 dan semua transaksi melalui LP (Pedagang).
Clause Hak Cipta in Hak Cipta
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must publish a conflicts of interest policy and tell a client who acts as counterparty to their trades. Royal Trust Futures says trades pass through a dealer and does not name it.

ROYAL TRUST FUTURES is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

A named BAPPEBTI licence beside badges the page never explains

Royal Trust Futures gives BAPPEBTI futures broker licence 922/BAPPEBTI/SI/08/2006 and names its exchange, clearing and association memberships. Its Legalitas page also shows an OJK reference, a Bank Indonesia reference and an ISO mark with no text saying what they cover. A footer warning added since June 2026 says your loss can exceed your deposit.

Licence and protections2 clauses flagged

Royal Trust Futures warns that your loss may exceed the deposit you first paid to the brokerage. You get no negative balance protection, which is the rule that stops a loss going below zero and leaves you owing money. The firm added this warning to its pages after June 2026.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A gap in the gold or oil price can leave you owing Royal Trust Futures more than the balance in your account. The warning is the broker being straight with you, and the exposure it describes is real.

Exhibit 7WarningStandard wordingNew

Jumlah kerugian mempunyai kemungkinan melebihi jumlah deposit yang pertama kali disetorkan kepada Perusahaan Pialang Berjangka.
Clause Risk Warning in Risk Disclosure
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), ESMA (EU), ASIC (Australia)

Firms licensed by the FCA, and those under ESMA and ASIC rules, must give a retail client negative balance protection, which caps a loss at the money in the account. Royal Trust Futures states the opposite outcome.

ROYAL TRUST FUTURES is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The Legalitas page of Royal Trust Futures gives a BAPPEBTI broker licence number and names its exchange, clearing and association memberships. It then shows six numbers as badges. Two of them, an OJK letter reference and a Bank Indonesia reference, plus an ISO mark, carry no text anywhere on the page saying what they cover.

Why this matters

You can check the BAPPEBTI licence, because the page says what it is. The OJK, Bank Indonesia and ISO marks beside it give you a number and no claim to verify.

Exhibit 10NoticeStandard wording

922/BAPPEBTI/SI/08/2006 0057/ASPEBTINDO/AN-G-B/6/2015 SPAB-146/BBJ/10/05 S-282/PM.02/2025 20/AK-KBI/GS/VIII/2012 27/379/DPPK/Srt/B
Clause INFORMASI REGULASI in Legalitas
Read from the broker's site on Archived copyOpen the reference

One sentence on the Copyright page can freeze your balance

Royal Trust Futures claims the full right to freeze a client account on an indication of cheating, intentional or unintentional, in a sentence on the page titled Copyright. It sets no time limit, no notice and no appeal. Its product pages add that MetaTrader deletes every pending order at the Saturday close, including your stop loss. A footer line now bars clients from three countries.

Account control1 clause flagged

Royal Trust Futures says it cannot serve and does not accept customers from Myanmar, Iran and North Korea. The line appeared on its pages after June 2026. It sits in the footer, in English, on a site written in Indonesian, and no document says what happens to an account already open.

Why this matters

If you live in one of the three named countries, the firm has written itself out of serving you, and nothing published covers money already in your account.

Exhibit 9NoticeStandard wording3New

PT. Royal Trust Futures cannot provide services and does not accept customers from Myanmar, Iran and North Korea.
Clause Risk Warning in Risk Disclosure
Read from the broker's site on Open the reference

The privacy notice runs to one paragraph and sets no retention limit

Royal Trust Futures takes identity documents from everyone opening a demo or live account and explains its handling of them in one paragraph. That paragraph promises confidentiality and allows disclosure to public authorities under the law. It sets no retention period, no deletion right and no access right.

Your documents1 clause flagged

Royal Trust Futures collects identity documents from everyone who opens a demo or live account, and explains its handling of them in a single paragraph. That paragraph promises confidentiality and allows disclosure to public authorities where the law requires it. It sets no retention period and gives you no right to see or delete what the firm holds.

Why this matters

Your identity documents can sit with Royal Trust Futures indefinitely, including long after you close the account. Nothing published tells you how to ask for them back.

Exhibit 8NoticeHarder than usual

PT Royal Trust Futures membutuhkan informasi pribadi bagi pihak yang melakukan pendaftaran demo dan live account untuk kepentingan internal PT Royal Trust Futures dan karyawannya berkewajiban menjaga kerahasiaan informasi tersebut dan tidak akan memberikannya kepada pihak ketiga.
Clause Kebijakan Privasi in Kebijakan Privasi
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The footer requires you to understand an Agreement and Trading Rules, and the only document the broker presents as Terms and Conditions is its privacy notice.

Said in public, in Indonesian

Bagi Anda yang hendak berinvestasi dalam Perdagangan Berjangka Komoditi, diwajibkan terlebih dahulu untuk mengerti dan memahami kegiatan Perdagangan Berjangka Komoditi, serta isi Perjanjian dan Peraturan Perdagangan.

Word for word in English: For those of you who intend to invest in Commodity Futures Trading, you are required first to know and understand Commodity Futures Trading activity, as well as the contents of the Agreement and the Trading Rules.

Disclaimer in the site-wide footer, Indonesian

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of royalfx.co.id

In the contract · clause TERMS & CONDITIONS

PT. Royal Trust Futures requires personal information for parties registering demos and live accounts for internal purposes.

02

The Loco London page sells the product on a tight spread and lists no charge, while the gold pricing page puts a $50 Facility Fee on every lot.

Said in public, in Indonesian

Selisih tipis antara harga jual dan harga beli (tight spread).

Word for word in English: A thin difference between the selling price and the buying price (tight spread).

Loco London product page, advantages list, Indonesian

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of royalfx.co.id

In the contract · clause PERHITUNGAN PROFIT/LOSS

P/L = [ (1850.00 – 1848.00) x 100 troy ounce x 2 Lot ] – ($50 x 2 Lot)

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of royalfx.co.id

03

One sentence welcomes every style of trading and the next lets the firm freeze the account on an indication of cheating it accepts may be unintentional.

Said in public, in Indonesian

Pihak PT Royal Trust Futures membuka semua peluang jenis trading.

Word for word in English: PT Royal Trust Futures opens all opportunities for every type of trading.

Hak Cipta page, Indonesian, the sentence immediately before the freeze clause

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of royalfx.co.id

In the contract · clause Hak Cipta

Apabila ditemukan indikasi kecurangan secara sengaja / tidak sengaja dalam melakukan transaksi tersebut, maka pihak PT Royal Trust Futures memiliki otoritas / hak penuh untuk membekukan sementara akun nasabah untuk di tindak lanjuti oleh pihak otoritas

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of royalfx.co.id

What changed quietly

This is our first reading of PT. Royal Trust Futures, so there is nothing to compare it against.

  • ADDEDClause Risk Warning · 2026-06-07 to 2026-10-09

    The broker added a warning that a client's loss can exceed the deposit paid in, which its pages did not say in June 2026.

    Perdagangan Kontrak Derivatif dalam Sistem Perdagangan Alternatif belum tentu layak bagi semua investor. Jumlah kerugian mempunyai kemungkinan melebihi jumlah deposit yang pertama kali disetorkan kepada Perusahaan Pialang Berjangka.

  • ADDEDClause Risk Warning · 2026-06-07 to 2026-10-09

    A bar on clients from Myanmar, Iran and North Korea appeared in the footer, in English, with no transition term for accounts already open.

    PT. Royal Trust Futures cannot provide services and does not accept customers from Myanmar, Iran and North Korea.

  • ADDEDClause Disclaimer · 2026-06-07 to 2026-10-09

    The duty to understand the Agreement and the Trading Rules before investing is new since June 2026, and neither document has been published.

    Bagi Anda yang hendak berinvestasi dalam Perdagangan Berjangka Komoditi, diwajibkan terlebih dahulu untuk mengerti dan memahami kegiatan Perdagangan Berjangka Komoditi, serta isi Perjanjian dan Peraturan Perdagangan.

  • REMOVEDClause Footer legal links · 2026-06-07 to 2026-10-09

    The footer used to link to four legal pages and now links to two, dropping the Risk Disclosure and the Peringatan warning, which remain in the top menu.

The documents this reading is based on

15 files, all published by ROYAL TRUST FUTURES. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording ROYAL TRUST FUTURES publishes.

How this reading was done

Every clause above was read out of a document ROYAL TRUST FUTURES publishes itself

This reading was published on .

Documents
13 of 15downloaded from the broker's site, and 13 read in full
Pages opened
24pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded
Languages
EN vs IDthe language it advertises in, against the language it contracts in

Who the contract is with

PT. Royal Trust Futures

PT. Royal Trust Futures is an Indonesian futures broker, or Pialang Berjangka, and its Legalitas page gives BAPPEBTI licence number 922/BAPPEBTI/SI/08/2006 along with exchange and clearing memberships. It is the broker, not the dealer. Its own Copyright page says all transactions pass through LP (Pedagang), an Indonesian futures dealer, and that dealer is named nowhere on the site. Forex, gold and crude oil all trade through the Alternative Trading System, where the dealer holds the other side of your position. Account opening runs on royalfx.id, a different domain from the royalfx.co.id site that carries the legal pages.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Royal Trust Futures names the four banks that hold client money and says the clearing house KBI supervises those accounts independently of the firm's own. Most brokers never name a bank at all. Every page carries the regulator's complaint portal and two BAPPEBTI phone numbers, beside the firm's own complaints line and a separate compliance email. The firm also added a plain warning, in the months before this reading, that a loss can run past the deposit you paid in. Its product pages teach margin, pip and lot arithmetic with worked numbers rather than slogans.

No client agreement or trading rules document is published anywhere on the site, so there was nothing of that kind to read. We did not read the two company profile brochures that the About page offers for download. The client portal at royalfx.id needs a login, so we could not see any terms inside it. The only earlier copy available is of the risk disclosure page as it stood in June 2026, and the four legal pages carry no clause numbers, so every citation here names a heading instead.

How to check any of this yourself

Every quote above links to the ROYAL TRUST FUTURES file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document ROYAL TRUST FUTURES publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge ROYAL TRUST FUTURES on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 9, 2026.

If you represent ROYAL TRUST FUTURES and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on ROYAL TRUST FUTURES. Whether its licence is real and current is a separate check on the broker profile.

What traders say about ROYAL TRUST FUTURES

Comments on ROYAL TRUST FUTURES are posted on its profile

Nobody has commented on ROYAL TRUST FUTURES yet. If you have traded with them, your experience helps the next reader decide.

Write the first comment
Back to the ROYAL TRUST FUTURES profile