ESC Royal Bank is an excellent choice for those interested in low-cost stocks, CFDs, forex and cryptocurrency trading all in one great mobile app. ESC RoyalBank offers free stock and ETF trading, easy account opening and one of the best cryptocurrency selections in the industry. Its greatest appeal is copy trading, where you can track other users’ trades and portfolios. Trading platforms are intuitive and easy to use, making them suitable for beginners. However, there are areas where ESCRoyalBank falls short, including high non-commercial fees (for withdrawals and currency conversions), inflexible account plans, and spotty customer service. ESCRoyal Bank does not offer CFDs, only real crypto assets are available.
You can be sure that ESC Royal Bank is not a scam, as developers tested it with a real account and had no problems accessing funds. In the event of a major issue, you may be eligible for state-mandated investor protection and/or additional insurance of up to €/$ million from ESCRoyalBank.
ESC Royal Bank Main Highlights
|Country of regulation||UK, Cyprus|
|Trading fees class||Low|
|Inactivity fee charged||Yes|
|Withdrawal fee amount||$5|
|Deposit with the bank card||Available|
|Depositing with an electronic wallet||Available|
|Time to open an account||1 day|
|Number of base currencies supported||1|
|Offered products||Stock, ETF, Options, Forex, CFD, Crypto|
ESC Royal Bank Pros & Cons
- Free trading of stock and ETFs
- Seamless account opening
- Social commerce
- Single account base currency
- Customer support needs improvement
- Hogh non-commercial commissions
How commissions are rated?
ESC Royal Bank fee levels are rated as low, average, or high based on how they compare to those of all reviewed brokers.
First, let’s go over some basic terms related to broker fees. You need to keep an eye on trading fees and non-trading fees. Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. For example, in the case of forex and stock index trading the most important fees are spreads, commissions, and financing rates.
ESC Royal Bank has slightly different trading and non-trading fees for clients in the US, where ESC Royal Bank offers stock, ETF and crypto trading only.
Deposit and withdrawal
- Credit/debit card available
- Conversion fee for non-USD deposits
- $5 withdrawal fee
- Only one account base currency
Depositing money is easy, with many options available, although there is a $5 withdrawal fee. As there are only USD accounts available, you could pay high conversion fees if you deposit or withdraw in another currency, such as EUR or GBP.
There are a lot of deposit options, however, not all of them are available in every country:
- Bank transfer
- Credit/debit card
- China UnionPay
- Klarna / Sofort Banking
Markets and products
At ESC Royal Bank (escrb.com) , you can trade CFDs and Forex as well as real stocks, ETFs, many cryptocurrencies and options. In addition, innovative services such as social trading and smart portfolios are available.
ESC Royal Bank is primarily a CFD and Forex broker. However, you can also trade real stocks, ETFs and various cryptocurrencies. ESC Royal Bank also has some unique features, such as Social Trading (CopyTrader) and Smart Portfolios (formerly called CopyPortfolios).
! If you are based in the US, you can trade stocks, ETFs, options and cryptocurrencies.
All leveraged long positions in stocks, ETFs and cryptocurrencies are traded as real assets. This means that when you buy stocks, ETFs or cryptocurrencies with no leverage (i.e. leverage is set to one), you are buying real stocks, ETFs and cryptocurrencies and not CFDs.
All other positions are CFDs:
Leveraged long positions and all short positions in stocks, ETFs and cryptocurrencies all forex, commodity, and index positions. So does that mean ESC Royal Bank trades like a traditional stockbroker with only zero commissions when you buy shares? The answer is no, there are some differences. For example, you cannot initiate a share transfer between ESC Royal Bank and another brokerage firm (and vice versa). This means that all positions opened with ESC Royal Bank must be closed with ESC Royal Bank. Because ESC Royal Bank holds shares on behalf of its users as beneficial owners, users currently do not have voting rights on the shares they hold. However, ownership of fractional shares is permitted.
! We do not recommend ESC Royal Bank for long-term investors focused on receiving dividends from US stocks. This is because ESC Royal Bank deducts the 30% US dividend withholding tax and not the generally lower rate deducted by most other brokers. Instead, we suggest you check out the best discount brokers.
Copy Trader Option
ESC Royal Bank has two flagship innovations, CopyTrader and Smart Portfolios. CopyTrader is the so-called social trading function. One by one, you can copy the portfolio of traders who are also trading on ESC Royal Bank. This may be of interest to those who do not want to manage their money. You can browse the profiles of other ESC Royal Bank traders, checking their past performance on a yearly and monthly level. Their portfolio is public information.
Additionally, ESC Royal Bank also applies a risk score to each trader. There are tons of additional stats for each profile, such as weekly trades, average holding time, and chart performance, and you can also see their detailed profiles and comments on the News Feed. Imagine Facebook profiles, but with fewer inspirational and more marketable quotes.
The minimum amount you can invest in a trade is 200. Although there is no additional charge for this service, spreads and overnight charges may apply depending on each copied position you open.
ESC Royal Bank is regulated by top-tier financial authorities like the FCA, and ASIC as well as CySEC. However, it is not listed on any stock exchange and does not have a bank parent.
- Majority of clients belong to a top-tier financial authority
- Negative balance protection
- Financial information is publicly available
- Does not hold a banking licence
- Not listed on the stock exchange
Can you trust ESC Royal Bank ?
ESCRoyalBank is regulated by CySEC in Cyprus, ASIC in Australia and FCA in the UK. That is a pleasing thing. ESC RoyalBank is not listed on any stock exchange and does not publish any financial data. Overall, finance experts believe that while ESCRoyal Bank is not a scam, it is not a fully transparent broker either
Один комментарий к “ESC Royal Bank review 2023”
I have been following Asian market for 2 years, I am interested in technology companies in China, unfortunately, many companies do not give access to this market, I came across ESC Royal Bank, offered Analytics on good terms, for 3 months 37% profit, everything suits me, I recommend.