Swiss Royal Banc (Inactive) Review

Swiss Royal Banc (Inactive)

Rating: 1.3/10

Visit Site

Broker	Swiss Royal Banc (Inactive)
US Traders Accepted
Company Name	Greentree Holdings LTD.
Headquarters	London, UK
Regulation	No
Max Payout	85%
Out-of-Money Reward	10%
Trading Platform	SpotOption
Deposit Options	Credit/debit cards, wire transfer, Carte Bleue, WebMoney
Deposit Currencies	US dollar, euro, British pound
Minimum Deposit	$100
Minimum Trade	$25
Maximum Trade	$5,000
Online Since	2015
Trading Instruments	Currencies, commodities, stocks, indices
Number of Trading Instruments	57
Binary Option Types	High/Low, Pairs, Long Term, 60 Seconds, One Touch, Ladder
Customer Support Types	Email, web form, telephone
Education Offered	Videos, eBooks, courses (logged in only), FAQ, glossary, blog
Tools Offered	Double up, rollover
Commission	$25 wire transfer fees
Languages	English, Russian, Arabic
Demo Account	No

Swiss Royal Banc has been acquired by another company and is no longer active as a binary options broker. The review below is presented for the archiving purposes.

Swiss Royal Banc is a binary options broker located in the United Kingdom. It is difficult to find ownership information on the company; however a Google Maps search reveals that the company listed on the bottom of Swiss Royal Banc’s website for payment processing is in fact the same company which runs the site. This company is called Greentree Holdings Ltd.

Swiss Royal Banc is a SpotOption white label broker, meaning that SpotOption is its trading platform.  This is the most popular binary options trading platform in existence by far. As you might guess, one SpotOption site is very much like another, and Swiss Royal Banc is no exception. In fact, it does very little to distinguish itself whatsoever, and has very little to offer in terms of features. Nonetheless, let us take a closer look.

Opening an Account on Swiss Royal Banc

Opening an account on Swiss Royal Banc is not particularly intuitive. The website design doesn’t make a whole lot of sense. When you look at the top of the page, you see the sign-in fields, but no button to open an account. If you scroll to the bottom of the homepage, you will find the button that you need to click in order to register an account.

You can trade at Swiss Royal Banc from most countries, but not the United States. When you make your initial deposit, you must deposit a minimum of $100, or the equivalent in British Pounds Sterling or Euros. As the minimum trade size is $25, I recommend that you start with more than the minimum required deposit. Otherwise, you will be investing a full quarter of your account on each of your trades, which is unacceptable money management.

You can use your credit or debit card, wire transfer, WebMoney, or Carte Bleue to make your deposit into your account. Unfortunately, Swiss Royal Banc does not list any information regarding account tiers or bonuses. If you check the Terms and Conditions, you will see that Swiss Royal Banc definitely offers match bonuses on deposits, but the amounts are not listed. Since there are no account tiers, there are no additional features or benefits which come with depositing more money as there are on most binary options websites. This is not particularly impressive. A lot of competing sites offer free signals, one-on-one training, and so forth.

Also note that there is no demo account, so there is no way to practice your trading before you go live with real money. While many binary options websites fail to provide this feature, it is a very useful one, and this is just one more area where Swiss Royal Banc goes wrong.

Withdrawals is one of the few areas where this company excels. Aside from a standard $25 wire transfer fee, there are no fees whatsoever for withdrawing money from your account at any time. There is also no minimum requirement; you can withdraw as much or as little as you need to, even if that amount is just one dollar.

Trading on Swiss Royal Banc

Trading on Swiss Royal Banc is pretty straightforward. As I discussed earlier, Swiss Royal Banc is powered by SpotOption. If you have traded on any other binary options websites, you probably have already used this platform, and know just how easy it is. While the minimum trade size is $25, the maximum investment size is $5,000.

There is a total of 57 different assets available to trade, which is pretty average. These include stocks, indices, commodities, and currencies. There are at least a large number of different trade types available, including High/Low, Pairs, Long Term, 60 Seconds, One Touch, and Ladder. Features to control your trades include Double Up and Rollover; I could find no mention of Early Close. This is unfortunate, as Early Close is very helpful for getting out of trades before the expiry time, which is sometimes necessary if you want to keep a profit or cut a loss.

As far as educational resources are concerned, Swiss Royal Banc is lacking, at least on the surface. There is a FAQ, a glossary, a blog, and supposedly a number of videos, courses, and e-books. None of these are accessible if you are logged out, and it is questionable how many of them exist when you’re logged in.

This Company Seems to Want to Be Hard to Reach

If you look on the Contact page, you will notice that you can only reach Swiss Royal Banc by sending an e-mail, filling out a web form, or calling on the telephone. There is no live chat feature on the site. While this is not an absolute requirement for establishing good customer service, in my experience, brokers who are only accessible live via telephone are hoping to give you a hard sell on their services over the phone.

I also find it disconcerting that this company does not blatantly list its name either at the bottom of the page (it is listed only as a payment processor) or in the Terms and Conditions. Even though you can figure it out and find the physical address, you should not have to go to the trouble to add all this up for yourself. None of this exactly shouts “trust.”

Conclusion: No Reason to Recommend Swiss Royal Banc

While I cannot say with any certainty that Swiss Royal Banc is a bad broker, I cannot come up with a whole lot of reasons to recommend it as a good broker either. There is no demo account, limited educational resources, very few trading tools, and a general lack of clarity and communication throughout the website. None of this inspires confidence, particularly when there are many other binary options brokers who do provide a sense of trust and equip you with those tools and resources.

For all of those reasons, at this time I would recommend avoiding Swiss Royal Banc. There are many other binary options websites which are more deserving of your patronage.

Visit Swiss Royal Banc (Inactive) →