Cyprus Watchdog Revokes License of P. This broker might suck because it is just another white label, and not even an original one. Both of these brokers are owned by P. Investment Capital Ltd 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. Check out our Recommended Binary Options Brokers. This broker might not suck because it is based on the Tradologic platform.
Anyway, the zone where price is displayed is a smaller than my phone screen… technical analysis anyone? For starters, this broker is actually two brokers. Finopex and RegalOptions merged into one full service binary options broker. Regal Options is owned by P. 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. 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 stocks. 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. 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 is no indication of fraudulent activity but this broker cannot to really be a competition for the likes of OptionBit, the leading Tradologic based binary broker.
If you want to read more, follow this link to the document issued by the Cyprus Securities and Exchange Commission. There are quite a few complaints regarding regal options, and some could be found right below on comments section and other on complaint center. We do have one very detailed complaints right below, seems pretty disturbing, however we have asked the client for updates yet he never replied.
Withdrawals are easy and for the most part free. 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 business days to appear in your account, according to the terms and conditions. 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.
So if I only have left in my account and I want to withdraw it, what should I do? Signing bonuses and other reward programs are available. Deposit bonuses must be requested upon sign up from your account manager. 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. This is a well laid out and easy to use broker and platform.
On a user friendliness scale it is tops. You can choose this broker for ease of use but a better choice may be the broker they copied from. Website is translated in only two languages other than English. 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 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.
There are no commissions with this broker like with all on line binary options brokers. Support includes live chat and account managers. Deposits are easy, they always are. Credit card, wire transfers and a variety of other international on line payments are accepted CUP, Neteller and CashU. 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 Update: Be careful if dealing with this broker! 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. 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.
Not approved broker by binaryoptionsthatsuck. Binary Options That Suck. Please be noted that all information provided by Binary Options that Suck are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality.
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