Best Binary Brokers
Both an online binary options broker and a global financial institution, Swiss Royal Banc (often referred to as SRB) offers their clients a great range of tools, educational materials and a high quality trading platform to enable to them be successful in their trading ventures. Accepting traders from across the world, Swiss Royal Banc offers investors access to four asset types on a single platform and is a great choice for both experienced and novice traders alike. Whether you are considering making Swiss Royal Banc your first binary options broker or whether you are hoping to switch from your existing broker, this Swiss Royal Banc binary options broker review will help you to find out everything that you need to know so that your final decision can be as informed as possible.
Swiss Royal Banc Account Types and Trading Options
Swiss Royal Banc offers a single account type which is able to suit the needs of every trader. This account type only requires a minimum deposit of $100 making it within easy reach even of newcomers to the financial markets and gives access to a huge variety of tradable assets. At the present time, there are over 200 assets to select from including indices, currency pairs, commodities and stocks. There are several options to choose from including classic High/Low options, One Touch, Pairs and 60 Second options for those who enjoy a fast paced trade. There is also the Options Builder tool which allows the individual user to customise their trade by setting and configuring their asset with respect to its expiry time and risk level. Those who wish to try out the trading platform before committing any actual funds can try out the Demo account, which allows traders to practice their skills in the live trading environment without taking any risk. Each Demo account is stock with $50 of virtual funds upon registration.
Swiss Royal Banc Trading Platform
The Swiss Royal Banc trading platform gives investors plenty of flexibility to customise their platform experience depending on their own individual preferences. There is a choice of Risk Management Tools to allow investors to minimise their trading risks including features such as Sell, Double Up and Rollover. There is also a Trader Choice feature which gives an indication of investor sentiment based on Put or Call trade options. Traders also have access to a Historical Price Chart which helps investors to predict how their chosen asset price may move in the future based on historical data. The trading platform also has the helpful Binary Option Academy which gives daily market analysis, market review videos and other training resources aimed at beginners. Their free video courses include interviews with experts and they also have a comprehensive eBook covering a huge range of trading topics from strategies and signals to the basics of placing a trade.
Swiss Royal Banc Customer Support and Deposit and Withdrawal Options
Swiss Royal Banc have plenty of options for customer support access including the use of an online web form, email addresses and a telephone helpline. There are dedicated telephone numbers for clients who are based in eight different European countries within which Swiss Royal Banc has a satellite office which are open between 12:00 and 20:00 CET, and there is also a live chat facility on the website for those who require an instant response to their query. Three languages can be accessed on the website including Arabic, English and Russian, and traders are able to access a helpful FAQ section of the website which is ideal for those who would prefer to find information without the need to make a telephone call to the support team.
Swiss Royal Banc are able to accept withdrawals and deposits through either the bank wire transfer option or via traditional credit cards like MasterCard or Visa, however none of the popular e-Wallet methods can be used at the present time. This could be inconvenient for investors who prefer to use these more modern and anonymous methods of banking. A minimum deposit level has been set at $100 with this broker, which makes their account accessible for newcomers to trading, and there is no minimum limit set on withdrawals except in the case of bank wire transfers, when $100 is the minimum withdrawal value. If a deposit has been made into a trading account via a credit card, it is worth bearing in mind that the maximum amount that can be withdrawn can only be equal to the sum deposited and any excess funds must then be withdrawn using a bank transfer. Bank wire transfers have a fee of $20 levied upon them on all amounts over $500. Withdrawals are usually processed within three days, however cleared funds may not appear in the trader’s account for several more days depending on bank security checks. Maximum deposit amounts have been set at $5,000.
Overall, Swiss Royal Banc is broker which allows access for investors at all levels of experience and which offers a great choice of assets and option types to choose from. There are, however, some drawbacks to selecting this broker as they only have a limited range of deposit and withdrawal methods on offer. That said, this broker does have many satisfied clients and offers very good customer service via their telephone helplines, live chat and email service and therefore are a reputable and reliable choice of broker.
