Regal Options Overview

Regal Options
Regal Options
Bonus: up to $75
Options Profability : 70-80%
Rating: 6.8 / 10

Basics

Broker Name: Regal Options
Platform: Tradologic
Founded: 2013
Bonus: up to $75
Return/Refund: 75-80%/0-15%
US Traders Accepted: Yes
More Regal Options Basic Information

Features

No. Of Assests : 100+
Regulated : Yes
Demo Account : Yes
Deposit Options : C.C., WireTransfer, more
Language : English Only
Minimum Deposit : 200

Screenshots

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Review Last Updated 2013-11-28 11:28:51

Editor’s Note – Why does Regal Options Suck in 50 Words?

This broker might suck because it is just another white label, and not even an original one. If the broker looks familiar it’s because it is nearly identical to Cedar Finance. Both of these brokers are owned by T.B.S.F. Best Strategy Finance based in Cyprus. Too many new brokers are taking the easy way out and just coping one broker from the next. What are we getting? The same old thing if that much.

 

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Why Regal Options doesn’t Suck?

This broker might not suck because it is regulated. Moreover, Tradologic is one of the leading providers of binary options platforms and has some of the best features on the market today. And all that comes with the security of CySEC and EU regulation.

 

 

RegalOptions Full Review – Another Look At The Same Old Thing

For starters, this broker is actually two brokers. Finopex and RegalOptions merged into one full service binary options broker. The new firm is headquartered in France and CySEC regulated. The platform is powered by Tradologic, a leading provider for brokers across the globe. The web site has a good look, and at first glance was quite familiar. It took me a little while to figure it out but it is based on the same design as CedarFinance, especially the home page. Moving past that the website is easy to navigate and the platform simple to use. Available options include digital call/puts, one touch, range and Turbo options. Turbo is the name given to 60 Second trading on this web site.

 

The broker has a very full asset list. It includes all the major indices from around the world, over a dozen commodities including coffee and sugar, 13 major forex pairs and over 100 stocks. Trading can be done 24/7 depending on which asset and option type you are using. Pay outs range from 75-81% for standard digital positions but can be much higher for one touch and range positions. Assets are listed in a scroll down menu to the side of the screen, different than what you find most places. When you click on your chosen asset it appears in a trade box to the right. This trade screen is identical to what you would expect to find with the average broker. You can choose high/low, trade amount and expiry. Other information shown includes trader sentiment and returns.

 

Banking is pretty standard for the industry. Deposits can be made by credit card, several international money services and by wire transfers. Deposits made by CC, Skrill, Nordea, iDeal and other methods post immediately but wire transfers will take up to 5 days to post. Withdrawals require the usual identification documents and take up to 14 days to credit once processed. There are no fees charged for withdrawals by the broker except for wire transfer which is $25.

 

 

Is RegalOption A Scam?

I don’t think so but there are much better brokers out there. There is no indication of fraudulent activity but this broker is still too new to really be competition for the likes of OptionBit, Cedar or the top Tradologic binary providers. The broker is regulated by CySEC so it really is unlikely that it is a scam but regulation doesn’t necessarily mean the broker is any good, only time will tell us that.

 

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Regal Options Complaints

I could not find any objective third party reviews of this broker, only SEO affiliate marketer web sites. This is not a reason to doubt the broker per se but does raise a red flag. Someone somewhere out there has something to say I’m sure . . . It is possible the broker is just so good that it doesn’t suck ever but I don’t buy that. Until I can find some real reviews by real users final judgment on this broker is withheld.

 

Regal Options Withdraw

Withdrawals are easy and for the most part free. The only withdrawal fee is $25 charged for all wire transfers. Of course ID is required and you will have to submit all documents before making withdrawal but there is nothing new about that. Once the request is submitted it will take 3 business days to process and then 1-5 business days to appear in your account, according to the terms and conditions. Elsewhere, in the FAQ’s, it says 5-7 days for payments to appear. After thorough review, the information is a little misleading; it looks like after ID is accepted it will take 14 days for withdrawals to post in your account providing no other factors come into play.

 

Regal Options Bonus

Signing bonuses and other reward programs are available. Deposit bonuses must be requested upon sign up from your account manager. The bonus structure ranges from 25% for accounts up to $1000, 50% for accounts up to $5,000, 75% for accounts up to $10,000 and VIP bonuses for all accounts above $10,000. The trading minimum is 30X the bonus and may include volume minimums on the original balance and time constraints as well. Each bonus is different so you will need to check the terms for each one. It is a little confusing if you can actually clear the bonus for withdrawal because in one place the terms clearly state that “Any bonus is for trading purposes and can not be withdrawn”.

 

 

Regal Options Ratings

User Friendly 18/20

This is a well laid out and easy to use broker and platform. On a user friendliness scale it is tops. Of course you have to keep in mind this is not the first to use this layout or interface, it’s a copy. You can choose this broker for ease of use but a better choice may be the broker they copied from. English Only.

 

Number Of Assets and Expiry 15/20

They have a full list of assets including all the major international indices, all the traded hard and soft commodities, all the commonly traded forex pairs and over 100 international stocks. Expiry ranges from the 60 second turbo options to end of the day, tomorrow and end of next week. Expiry is a little limited in my opinion, there are better choices than this.

 

Commission, Support And Returns 15/20

There are no commissions with this broker like with all on line binary options brokers. Support includes live chat and account managers. The live chat is nothing special, don’t expect to talk to anyone for real unless your account has plenty of funds in it. Returns are average and range 70-80% for high/low positions. Touch and range positions can pay more, up to 150% of investment.

 

Deposit, Payments And Bonus 15/20

Deposits are easy, they always are. Credit card, wire transfers and a variety of other international on line payments are accepted. Credit card and digital transactions will post to your account immediately while wire deposits take up to five days. Withdrawals will take up to 14 days according to the website which should hold true if they want to keep their regulated status. Bonuses are available and come with a 30X trade minimum, time limits and other requirements per each bonus. You will have to contact the broker through your account representative in order to get the bonus and for exact details on your specific package.

 

Website Extra’s 5/20

There are no extra’s here that I can identify. And if there were they would probably be copied from somewhere else anyway. You need a real innovator to create something truly extra, not a copy cat. All the regular features, expiries and options.

 

 

 RegalOptions Overall Ratings: 68/100

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