Regal Options Review
Our team of professional investigators find out some disturbing facts about Regal Options. This unregulated broker failed to get high results during our testing and it does not rank high in Google Trends. So as an alternative we have selected the Top Safe Binary Brokers, providing you with detailed and full reviews.
Since there wasn’t enough significant data to analyse, our team cannot guarantee you that Regal Options is safe enough to invest in by opening an account. You are given the opportunity to visit the Best Broker OR Choose one of the BestBinaryOptionBrokerz.com approved Brokers:
TOP 3 SAFE BROKERS:
|Broker||Min Deposit||Payout||Quality Score||Visit Site|
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|AAOption||Market Options||Option Fair|
|Inside Option||Platinum Trader||Brokerage Capital|
|UK Options||Redwood Options||Lionive|
|Markets World||Regal Options||Big Option|
Regal Options Full Review
Launched in December 2012, Regal Options is owned by P.M. Investment Capital Ltd which is also the owners of Cedar Finance. This is the reason their website does not look original as it is very much similar to Cedar Finance. Despite this fact, they claim to be as one of the best binary options trading brokers because of the features they have to offer. They offer some of the features available on the market which cannot be of great benefit to traders. They offer one hundred assets including stocks, indices, currencies and commodities. Bitcoin options are also available. Regal Options is regulated by CySEC which is one of its plus points. However, we still suggest that you use caution and think carefully before choosing them.
Regal Options Scam
When we were conducting our scam test on Regal Option, we found out that they are regulated. The company holds licenses from CySEC. Before you sign up with any broker, you must find out that they are regulated. But this does not always mean it will protect you and your finances and that it will ensure that you do not become victims of online scams and frauds.
Regal Options Trading Platforms
The trading platform is laid out well and it is easy to use. However, you must keep in mind that they are not the first to use this kind of interface. The interface looks copied and anyone who is familiar with Cedar Finance will know what we are talking about here. But, this broker is s good choice for anyone who is looking for a simple trading platform. There are multiple trading options also available. These include the Close tool, Double tool and the Extend tool. Overall, our experience with the trading platform was not as good as we expected and we cannot recommend this broker.
Regal Options Withdrawals
Withdrawals can be requested through a number of options which include eWallets, credit cards, debit cards, Skrill and wire transfer. It usually takes up to a week for withdrawals to be processed which we think is quite slow. For bank transfers, it may take up to 2 weeks before you can see the money in your account. You also have to pay a fee of $25 if you choose wire transfer option. A major drawdown to their withdrawal requirement is that you must have at least $200 in your account to request withdrawal.
Regal Options Licenses and Regulations
When it comes to binary options trading, it is a smart choice to deal with a broker that is licensed and regulated. Regal Options is licensed and regulated by CySEC. This means that European traders can be protected under the regulations. But being regulated also doesn’t mean that they are good.
Regal Options Complaints
We have found several complaints against Regal Options which were made by disappointed and unsatisfied traders. Traders have been found complaining that as they try to withdraw their money, their account gets locked. One thing that every trader must keep in mind is that if they don’t meet their broker’s terms and conditions regarding withdrawals and bonuses, they will not be able to get their money into their accounts. So we can say based on our investigation that although Regal Options is a regulated broker, traders must use their services with caution.
After making detailed investigation of Regal Options our team came to the conclusion that there are other brokers that offer better service and have higher customer satisfaction.
We recommend You to Proceed with the Best Broker which has been ranked to offer the best service amongst over 100 brokers. Or you can Open an Account with at your own Risk.