Is Regal Options a Scam?
We have made a research of RegalOptions and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that RegalOptions is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:
Regal Options Review
Regal Option is an online brokerage, allowing investors to trade commodities, stocks, currency pairs and indices. Due to the numerous requests from our readers, Is-scam.com carried out a detailed investigation of this binary options broker with the primary goal of finding out whether Regal Options is a scam or not. We compared Regal Options with many of the leading binary options brokers on the market and tested thoroughly their trading platform.
The summarized recommendation for those of you, who do not have the time to read the whole review, is to be very careful before you sign up with Regal Options. The binary options broker may seem like a good choice, but there is not enough information online to support this notion.
Regal Options Scam
Our team did its best to find out everything about RegalOptions and their customers experience in order to create an objective verdict and present it to you. The first thing we did not like is the striking contrast between the testimonials published on the broker’s site and the opinions of Regal Options’ customers, shared in some binary options trading forums. It is definitely something that alarms the prospective traders and can even be a sufficient reason for many of them not to open an account with this particular broker.
Regal Options Trading Platform
Currently there are five types of binary options you can trade with RegalOptions:
• Digital – the traditional Call/Put binary options. The trader must predict if at expiry, the price of the underlying asset will be higher or lower than the contract price (the price when you bought the binary option).
• Touch – this binary option allows you to make money by predicting if the asset price will reach one of the target price levels (below and above the contract price) before expiry.
• One Touch – similar to the Touch binary option, but the target price is just one.
• Range – place a trade on whether the asset price will stay in or will leave a predefined price range.
• Turbo – digital options with very short lifespan: from 15 seconds to 2 minutes.
Regal Options’ trading platform is completely web-based and all you need to start trading is an electronic device and strong internet connection. The minimum deposit is 200 USD/GBP/EUR and the accepted methods for funding your account are credit or debit card, wire transfer, CashU, CUP, and Neteller. The selection of tradable assets is pretty decent. Investors can choose among 21 indices, over 90 stocks, 7 commodities, and 24 currency pairs.
Regal Options Withdrawals
If you want to withdraw funds from your Regal Options trading account, you must provide the broker with a scanned copy of your ID document, a copy of a paid bill verifying your whereabouts, and a scanned copy of your credit/debit card, in case you have used this method to deposit money into your trading account. The minimum amount of money you can withdraw from your account is 200 USD/GBP/EUR. If you use wire transfer to withdraw money, there are no fees for sums above 500 USD/GBP/EUR. For smaller amounts, the withdrawal fee is 25 USD/GBP/EUR. Credit card withdrawals are free of charge.
Regal Options Complaints
Some of the complaints we read were from people not being allowed to withdraw their money or close their Regal Options accounts. These investors were required to fulfill specific trading requirements, such as reaching a big volume of trades before being able to receive their money, and as a result some of them ended up losing all the funds in their trading accounts.
This practice is not something new, but lately more and more binary options brokers abandon it in order to build transparent relationships with their customers. Another thing that raises a red flag is that no information about the company owning Regal Options is available on their website. Only if you visit Google Play to download their free mobile application, you will see that this is P.M. Investment Capital Ltd., with headquarters in Nicossia, Cyprus.
Regal Options License & Regulation
This binary options broker is not licensed by any financial institution. And while regulation is not a requirement, there are many investors who avoid brokers like Regal Options because they do not feel comfortable entrusting their money to a non-licensed company.
Is Regal Options Legit?
We can not confirm 100% that Regal Options is a scam, but in general would advise you to consider signing up with an alternative broker, who is at least open enough to disclose the name of the company that owns the business. The choice of financial middlemen is so vast today that we would not risk entrusting our hard-earned money to binary options brokers with vague if not questionable reputation.
ConclusionAfter detailed investigation our team concluded that there are better choices than RegalOptions. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with RegalOptions.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.