Regal Assets and iTrustCapital are two of America’s most exciting alternative IRA service providers. Retirement investors can open an IRA with either of these organizations to start investing in alternative assets (gold, silver, platinum, palladium and Bitcoin/crypto assets) to protect their future wealth.
These two are appealing groups, but there are noticeable differences to spot when looking at these two groups. This review of Regal Assets and iTrustCapital shows there are many positive and negative points about these two entities to explore.
What Are These Companies?
Regal Assets is a Beverly Hills-based group founded in 2009. Regal was initially formed to help people add precious metals to their IRAs, but the group has expanded its reach in recent years to include cryptocurrencies.
iTrustCapital was formed in 2018 and also operates out of California. The group concentrates on IRAs for both experienced investors and those looking to start investing for retirement purposes.
Both organizations were formed to help people have more control over their retirement investments. You can open new self-directed IRAs that can support metals and cryptocurrencies that most traditional IRA custodians will not support.
What Assets Are Available?
Regal and iTrustCapital both offer support for cryptocurrencies and precious metals. There are twenty-one currencies available for a Regal Assets crypto IRA, with prominent options like Bitcoin and Ethereum being among the choices for trading.
For precious metals, you can get a Regal Assets gold IRA by acquiring gold bullion in one of many forms. Regal sells many physical metals, including gold bars, Britannia coins, Chinese Panda coins, Austrian Philharmonic coins, and Canadian Maple Leaf coins. Silver, platinum, and palladium bullion are available for your Regal Assets IRA.
The iTrustCapital crypto options are more plentiful than what Regal offers. iTrustCapital has twenty-nine currencies, including smaller choices like Uniswap, Solana, and Shiba Inu.
Your iTrustCapital IRA will not have as many metals to invest in as what Regal offers. You can only acquire physical gold or silver from iTrustCapital.
How Is Your IRA Kept Safe?
The items in your Regal Assets crypto or metal IRA will be kept safe from harm. Regal uses cold storage technology to secure all cryptocurrency assets. Your Regal Assets cryptocurrency data will stay offline, and the access keys for your crypto wallet will only be available when you request them.
Regal also secures all its physical metals in its office vault in Dubai. It is safe to store these metals in Dubai, as Regal has access to one of the most massive vaults in the United Arab Emirates. The UAE is also a tax-free country, ensuring your assets stay protected.
Your iTrustCapital crypto IRA will be kept safe through another cold storage platform. The iTrustcapital website also uses 256-bit encryption to protect all transactions from being lost.
Both of these services also have valuable insurance policies to protect all investors. Regal Assets’ insurance policy is good for $250 million, while iTrustCapital’s policy is for $50 million. Regal’s insurance policy is worth more money because it has more valuable assets on hand, plus it caters to people with more money.
Charges of Note
An essential part of any Regal Assets review to note involves how much money you’ll require before investing with the group. Regal requires its investors to have a minimum balance of at least $15,000. You can roll over funds from an existing IRA into your new one with Regal.
The Regal Assets crypto IRA fees include a $100 annual fee and a $150 storage fee. Flat transaction fees also apply for each transaction you complete, and these fees can be about 1% on average. These charges also apply for precious metals transactions.
iTrustCapital has a lower minimum requirement for helping you get into the alternative IRA market. The group has a minimum requirement of $1,000 for a new account.
The iTrustCapital fees include a flat transaction fee of 1% for each move you complete on your account. There’s also an iTrustCapital monthly fee of $29.95, totaling more than $350 a year. But there are no setup fees associated with getting your iTrustCapital IRA ready.
How To Fund Your Account
You can fund your account with Regal Assets through a direct bank transfer. You can also roll over the funds from an existing IRA or 401(k) into your new IRA with Regal.
You can also send a bank wire or check with iTrustCapital to fund your account with that provider. You can also transfer an existing IRA or roll over a 401(k) to your account.
The timeframe for when your funds will appear in your account will vary for both providers. Expect to wait a few weeks before your funds arrive, as the verification and confirmation processes for handling payments can take a while.
How Satisfied Are Customers?
There are no Regal Assets BBB accreditation reports available, although it does have an A+ rating on the website. The organization has also responded to many disputes that customers hold and has been prompt in ensuring everyone is satisfied. The group also has a five-star rating on BirdEye, a prominent review website.
There are also no iTrustCapital BBB accreditation reports, but iTrustCapital also has an A rating with that group. iTrustCapital also has more than two thousand five-star reviews on Trustpilot and Google.
The next point to see involves the customer support available between these two groups. First, Regal Assets maintains consistent communication with its clients. Regal requires its clients to call them to set up their IRAs and discuss their plans for work.
You can communicate with Regal’s account executives on business days. You can communicate with them by phone or through a live chat feature on the Regal website.
iTrustCapital also has an extensive customer support team. You can communicate with a representative by phone to start your account and learn how the platform works. iTrustCapital also has a vast online knowledge base that provides details on everything surrounding what iTrustCapital offers and what you can expect from the service.
Which Is the Better Option?
The answer to this question varies surrounding your investment desires and how much money you have for investing. Regal Assets is an appealing option for those who want to invest in precious metals alongside cryptocurrencies. It is also helpful for people with more money who want to keep their assets safe.
iTrustCapital is best for people who don’t have as much money to invest in their retirement. It is also useful for people who prefer cryptocurrency investments.
Regardless of what you choose, you’ll find an alternative IRA solution that provides a simple approach to retirement planning. You’ll have more control over your IRA with each of these entities, as you can choose from various metals or digital currencies. The customer service teams at these two groups will also provide the help you deserve when getting your account ready.
Be sure to explore iTrustCapital and Regal Assets to see what is available for your interest. Both options are convenient and provide you more access to various alternative investments for retirement income. But make sure you understand what you require before signing up and that you have enough money to get your account ready.
What does a custodian do for your IRA?
A custodian is a financial group that holds your investments for safekeeping purposes. Regal and iTrustCapital both have dedicated custodians that ensure your IRA meets all IRS standards.
What is a difference between a traditional and Roth IRA?
A traditional IRA is funded with pre-tax dollars, and all contributions are tax-deductible. A Roth IRA is funded with after-tax dollars, and all withdrawals are made tax-free after you reach retirement age. Regal and iTrustCapital support both of these IRA options.
Risk Disclosure: Any investments, such as cryptocurrencies, digital assets, and precious metals, come with an inherent risk, where you could end up making less money than what you put in. Before investing your hard-earned cash, be sure to speak with licensed professional financial advisor first. Always remember that past performance is not an indication of future returns.
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