Finding an online broker for trading in conventional financial markets is not difficult at all. In fact, these brokers are increasing in number every day.
You can find hundreds of options and pick one that suits your exact needs.
However, that’s not the case when you are looking specifically for cryptocurrency traders.
In many cases, you have the old brokers who have started to offer crypto trading just recently. It is quite disappointing to see that these brokers seem to be focusing on their benefits. They do not offer much to the traders and their cryptocurrency trading features are not the most welcoming.
On the other hand, you have RoyalCBank, which has come as a breath of fresh air for aspiring crypto traders from around the world. This broker focuses solely on cryptocurrency trading and offers trading in a different way.
Let’s review RoyalCBank thoroughly to help you pick it if it meets your requirements.
Reviewing and Evaluating RoyalCBank
The Focus on Cryptocurrencies
The first thing you will notice about this broker is that it focuses on cryptocurrencies. You do not find many brokers on the internet that do that.
What’s even more important is that most of the brokers offering cryptocurrency trading are looking for their safe side.
Rather than offering their traders some great benefits, they are standing on the safe side and putting weird limitations on their trading.
With RoyalCBank, you will not have to face such restrictions.
Not to mention, you can trade a variety of cryptocurrencies, so you can pick a stable one if you do not want to go full-in into cryptocurrency trading with your hard-earned money.
The Caretaking of Your Account
This feature makes RoyalCBank different from the rest of the online brokers. In most cases, you must have noticed that online brokers offer you a variety of trading accounts.
Once you have picked the trading account of your choice, you can trade as your heart pleases.
On the other hand, you have RoyalCBank that has experts willing to take care of your account for you. Yes, if you are not confident about trading, you do not have to worry. This broker will take care of the matters on your behalf.
The best thing is that you can even define how much money you want to make every month and the broker will trade and invest in cryptocurrencies according to your expectations.
However, you will have to adjust your deposited amount according to that. If you want to make $1000 from your deposited amount every month while setting the profit percentage at 20%, you will have to deposit at least $5,000 in your account.
On the other hand, you will have to raise your deposit to $10,000 if you want to earn the same amount but with a smaller percentage every month.
The Many Account Types
You can always pick an account that suits your requirements the best. You have six different account types to choose from. There are no details mentioned on the website for VIP accounts.
Of course, you can already figure out what you will be offered in that account. With the basic account type, you can start trading on the financial market with just $250 in your account.
That’s most suitable for new traders who only want to test the waters before jumping into the sea of trading. The best thing is that you get a welcome bonus on just about any account type you choose.
You have a huge 30% welcome bonus even with the most basic account type. That’s something you do not get from most other online brokers. Even the customer support you get with RoyalCBank is better than what you get with other brokers.
For example, other brokers offer you customer support only during the working days and working hours. With RoyalCBank, you will be assisted 24 hours every day from Monday to Saturday. This way, you can call the company at just about any time you want to get help.
It is not uncommon to see online brokers making it hard for traders to deposit money in their account. In most cases, traders have to pay some huge commissions on their deposits.
Not to mention, they do not have any other option than credit cards to fund their account. While credit cards are a fast way to put money in your account, not everyone uses them.
You can use the wire transfer method with RoyalCBank if you are not comfortable with credit cards. Or better yet, you do not have to choose any fiat currency in any form if you are trading with this crypto broker.
That’s where things get really unique. With this broker, you can deposit money in your account with cryptocurrencies. You can transfer the digital coins straight into your trading account using a crypto wallet.
Security at Its Best
Last but not least, you expect security to be at its best when you sign up with an online broker. You will not be disappointed when you sign up with this broker from the way it takes care of the security of its traders.
First of all, you will be glad to know that this crypto broker is a member of The Financial Commission. You can rest assured that every financial activity of this broker is monitored and audited, unlike other online brokers that only have false and hollow claims for their traders.
In addition to that, the broker promises to put your money in segregated accounts.
This means the broker operates ethically and does not want to mix your money with its own. In addition to that, you have the broker having a strict check at the time of signing up to ensure that you are the person who is claiming ownership of the information you are providing.
This prevents any fakes and frauds in their steps from using your information for signing up for trading.
If you are a new trader who is interested in trading cryptocurrencies, you should focus only on crypto-focused brokers on the internet.
If you think that’s the right thing to do, you should definitely create a list of the best and put RoyalCBank among the toppers.