Regal Options Review
Based on our research and data collection we cannot confirm that trading with this broker can be profitable. Our team cannot confirm the security and the customer satisfaction of using Regal Options since there is no enough information (as you can see on the Binary Popularity Chart reported from Google Trends).
Top 3 Brokers March 2017
|Broker||Min Deposit||Payout||Open Account|
Regal Options Review
In the world of binary options, there is the broker Regal Options. You might have heard about it, but are unsure whether they are scam or real.
A review of the broker shows us that they are based on the Tradologic platform; they also offer you trading in stocks and indices besides the binary options. In fact, their collection of stocks and indices is pretty large and diverse. However, their currency choices are pretty regular. Their minimum deposit amount has been kept at $250 – which is neither too high nor too low considering industry standards.
Is Regal Options a Scam?
We haven’t been able to gather authentic information to support that they are a scam broker. However, they have been in the binary options market since 2012 and they are owned by PM Investment Capital. Those who knew Cedar Finance might find it quite similar to this platform.
The main office of the owners PM Investment Capital, is in Loanni Stylianou 6, Flat/Office 202, 2003, Nicosia, Cyprus. Even though this broker is situated in Cyprus, it has not got regulated till now by CySEC or any regulatory body. This is where you maintain caution.
Regal Options Demo Account
Regal Options does not provide a demo account feature. This might be a big set back because all its competitors are providing free demo accounts and/or demo accounts after making deposits. But Regal Options does not offer you that experience. This might be a bit of a disadvantage for the novice traders.
Regal Options Promotions and Bonuses
You have to call your account manager to get the initial bonus amount. They offer 25% to 75% bonuses for accounts ranging from the standard to the VIP types.
However, the term of each bonus is different on this platform. So every time you get a bonus, you must check the Terms and Conditions because they have a different condition to avail it. At one point they have also mentioned that “any bonus is for trading purposes and cannot be withdrawn”. So it is a little confusing whether the bonuses are actually withdraw-able or not.
Regal Options Withdrawal Methods
$25 is charged for wire transfers in this platform. It might take up to 3 – 7 days for the withdrawn funds to appear in your account, once you have submitted them your identity documents and requested a withdrawal. However, some traders who have already been on this platform have claimed that it takes 14 days for the funds to appear in their account. We have not tried this first hand so we cannot authenticate such claims.
Also, you need a minimum of $200 in your account to withdraw your funds. But even if with such claims, your money actually reaches you that should be taken as a good sign. We have to see if the traders have complained about this aspect or not.
Regal Options Complaints
There are reasonable complaints found on every forum against Regal Options. There is nothing unusual about these complaints though. But we cannot pin point and say they are not from the competitor and are genuine. However, most of these complaints are directed against the broker’s withdrawals – many people have claimed that they are unable to withdraw their funds from this broker properly. Maybe it is the traders who failed to understand their terms and conditions, but we cannot say this for sure. Our advice is to think carefully before you sign up with them.
After making a thorough research, our team of investigators concluded that there are better signal providers than Regal Options . We browsed the web and forums and found many traders that were unsatisfied with the performance of this signal provider.
We cannot confirm if this signal provider is legitimate or not, that’s why we recommend you to Proceed to Safety by choosing one of the High-Rated and Accurate Signals providers trusted by Top10BinarySignals.com