Regal Assets Review 1
Regal Assets is a total scam. Please make yourself a favour and stay away from this scam, I lost my money but thank god I didn't invest more!!!
Regal Assets Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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Regal Assets is a total scam. Please make yourself a favour and stay away from this scam, I lost my money but thank god I didn't invest more!!!
In summary, Regal Assets presents a mixed reputation among users, with some praising its customer service and innovative investment options, while others express concerns about delivery delays and alleged fraudulent activities. Key features include the ability to invest in both precious metals and cryptocurrencies within an IRA, alongside a relatively low minimum investment requirement.
Note: It is crucial to recognize that there are different entities operating under the Regal Assets name across various regions, and this review aims to present a fair and accurate overview based on the latest available information.
Category | Rating (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 7 |
Customer Service and Support | 8 |
Trading Setup (or Experience) | 5 |
Trustworthiness | 4 |
User Experience | 6 |
We assess brokers based on user feedback, expert opinions, and factual data collected from various sources.
Founded in 2009 by Tyler Gallagher, Regal Assets specializes in precious metal investments and has expanded to include cryptocurrencies in its offerings. The firm is known for its self-directed IRAs, allowing clients to diversify their portfolios with alternative assets. While the company has garnered recognition, including a ranking in the Inc. 500 list, it has faced scrutiny and numerous complaints in recent years. Regal Assets primarily deals in physical assets like gold, silver, platinum, and palladium, as well as a variety of cryptocurrencies.
Regulated Geographic Areas/Regions:
Regal Assets operates in several regions, including the United States, Canada, and Dubai. However, it is important to note that the regulatory environment may vary by location, which could affect the level of consumer protection available.
Deposit/Withdrawal Currencies/Cryptocurrencies:
Clients can fund their accounts in USD, and Regal Assets also allows investment in major cryptocurrencies such as Bitcoin and Ethereum.
Minimum Deposit:
The minimum deposit for opening a Regal Assets IRA is $10,000, while direct purchases of physical metals start from $5,000. This relatively low entry point makes it accessible for many investors.
Bonuses/Promotions:
Regal Assets offers a waiver of fees for the first year, which can amount to significant savings for new clients. This includes both administrative and storage fees.
Tradeable Asset Classes:
Investors can choose from a variety of precious metals (gold, silver, platinum, palladium) and cryptocurrencies. Regal Assets is one of the few companies that allow for both types of investments within the same IRA.
Costs (Spreads, Fees, Commissions):
Regal Assets charges a flat annual fee of $250, which includes administration and storage fees. This fee structure is competitive compared to other firms in the industry. However, clients have reported hidden fees and a lack of transparency regarding costs.
Leverage:
The company does not prominently advertise leverage options, as its focus is primarily on physical asset investments.
Allowed Trading Platforms:
Regal Assets does not use traditional trading platforms like MT4 or MT5, as its business model revolves around facilitating physical asset purchases and IRA rollovers.
Restricted Regions:
While Regal Assets operates in multiple countries, potential clients should verify their local regulations regarding precious metal and cryptocurrency investments.
Available Customer Service Languages:
The primary language for customer service is English, but the company may offer support in other languages depending on the region.
Category | Rating (out of 10) | Detailed Breakdown |
---|---|---|
Account Conditions | 6 | Minimum investment is relatively low, but some users have reported issues with account management. |
Tools and Resources | 7 | Offers a good selection of investment options, including unique packages. |
Customer Service and Support | 8 | Generally positive feedback on customer service, though some complaints have been noted. |
Trading Setup (or Experience) | 5 | Users have reported issues with the transaction process, including delays. |
Trustworthiness | 4 | Mixed reviews, with several recent complaints raising concerns about the company's legitimacy. |
User Experience | 6 | User experience varies significantly, with some praising the ease of setup while others report frustrations. |
Account Conditions: Users have reported that while the minimum investment is accessible, managing the account can sometimes be cumbersome. Some reviews indicate that communication regarding account status is not always timely, leading to frustration among investors.
Tools and Resources: Regal Assets offers a variety of investment packages, making it easier for clients to select options that meet their needs. However, the lack of a traditional trading platform may deter those accustomed to more dynamic trading environments.
Customer Service and Support: Many customers commend Regal Assets for its responsive customer service team, often highlighting individual representatives who provided exceptional assistance. However, there are notable complaints regarding unresponsive communication during critical transactions.
Trading Setup (or Experience): The trading experience has received mixed reviews. While some users appreciate the straightforward process of setting up an IRA, others have expressed concerns about delays in the delivery of purchased assets.
Trustworthiness: The trust factor for Regal Assets has been significantly impacted by recent allegations of fraud and mismanagement. Despite its previous accolades, the company's reputation has suffered due to these issues, leading to a lower trust rating from users.
User Experience: Overall user experience is varied, with some users enjoying the ease of investing in alternative assets, while others face challenges with communication and transparency regarding fees and delivery timelines.
In conclusion, while Regal Assets offers innovative investment opportunities in precious metals and cryptocurrencies, potential investors should carefully consider the mixed reviews and recent allegations before proceeding. It is advisable to conduct thorough research and possibly explore alternative investment firms that maintain a more positive reputation in the industry.
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