Most binary options brokers look similar, so it’s refreshing to come across a broker like Royal de Bank that offers a totally different kind of experience. Designed to look far more like an investment firm than a binary options broker, RoyaldeBank.com is set up to offer far more than just a binary option trading platform, it also has sections on financial advice as well as offering private banking services to all of its customers.
Software and Features
The new, up and coming HelloBinary platform is the software behind the Royal de Bank trading platform. It takes a bit of getting used to, but it is not too different from any other trading platform and experienced traders will have no problem learning to use it. For new traders, a free demo account with a $50,000 play money balance is provided with every account, so there is plenty of time to practice trading before lay your own money on the line. Royal de Bank offers other services in addition to binary option trading such as banking services and financial advice and it’s great to see a broker really want its customers to succeed. Live char is available in multiple languages around the clock, as is telephone support during local business hours.
Option Types Offered
At the time of our Royal de Bank review, only a small amount of underlying stocks, indices, currencies, and commodities, around 50, were available for trade. Likewise, as a new broker running new software, only regular high/low trades with multiple expiry times were supported. One huge positive of Royal de Bank, however, is their extremely high payouts. Profits can be as much as 98% on a single trade, with out-of-the-money trades also carrying refunds on certain options.
Account Types Offered
There are an incredible eight different types of accounts at Royal de Bank, somewhat owing to their services as a bank as well as a trading platform. Basic trading with no support is available with a minimum 500EUR deposit, but it is at 2,500EUR that the real benefits start. The more money in your account, the more benefits are offered; benefits such as account interest, free withdrawals, free training, dedicated account managers, and eligibility for a Royal de Bank bonus. Deposits are accepted securely through wire transfers and by major credit cards.
For those traders who are looking for a complete financial services company in addition to a trading platform, Royal de Bank is the perfect broker. Although the trading platform is still somewhat limited in scope, it is obvious that given the care put into the RoyaldeBank.com website and other services offered that they will continue to improve and expand their unique brand of binary option trading service.