OptionRally Review

Review of: OptionRally

Reviewed by:
Rating:
4
On April 18, 2013
Last modified:July 2, 2016

Summary:

OptionRally Review - Is OptionRally a scam?

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In about 5 years ago, a new kind of exotic derivative named “Binary Options” was quite popular among traders as one of the easiest way to trade. In binary options, there are only 2 possible results: being in the money when your choice is correct or being out of the money in the opposite case. To start your trade properly, you have to deposit an amount through a trading platform of legitimate trading service provider called “broker”. There are a lot of reliable binary options brokers that obey the laws, one of them is OptionRally. OptionRally is a broker, which is managed in British Virgin Islands (BVI), operated out of London to serve their clients better.

OptionRally Review: Company information

Since its establishment in late 2010, OptionRally have kept on expanding their range beyond UK. Having a head-office in the British Virgin Islands (BVI), OptionRally also built their branches around the world, one of them is placed at Zurcherstrasse 161, Zurich, 8010 Switzerland. This is real basement of OptionRally.

OptionRally Trading Platfom

Taking advantages of web-base platform like almost other brokers, OptionRally provides many great features to its customers.

optionrally review

First of all, this information is about the web security system, which could be the first concern of traders when choosing their brokers. OptionRally’s trading platform is powered by SpotOption, which is protected by COMODO security system. This system is used popularly due to its simplicity and highly secure.

Secondly, their customers can access the web to trade whenever they have an internet connection. A trade can be executed in just three basic steps:

  1. Selection of asset and its expiry time
  2. Determination the direction of the Price movement
  3. Decide how much to invest then click “APPLY”.

For further supporting, OptionRally also provides a free application that allows traders to trade on the go of these lucrative financial markets with their iPhones or iPads.

Types of Trading Account

There are different types of trading that are fit for different level of traders and fit with their budget size. Depending on those conditions, OptionsRally provide various types of trading accounts to help their traders find out the most suitable way in order to maximize their profits. Besides, they also have many platforms for different trading styles which are listed below:

  • Binary Options Pro – for trades with Fixed Return Options (FROs)
  • Option Builder
  • One Touch Trading Platform
  • BinaryMETA

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On OptionRally’s platform, traders could find daily and weekly reviews easily, which help them reduce the needed time on searching and focus on their actual trading.

       1. Mini Trading Account– (Require a minimum deposit $200)

This type of accounts is for beginners who want to get acquainted with OptionRally’s platform, which also requires for depositing a minimum account at $200. Bonus for the first time deposited is 15% of the initial amount, and 10% for the next deposit. This type of account is also provided daily and weekly reviews like other professional types.

       2. Standard Trading Account– (Require a minimum deposit of $1,000)

After a time of experience accumulation through basic tools such as analyst recommendations, market reviews and other sources of relative information, traders might want to trade professionally. For such goal, OptionRally offers account named Standard Trading Account.

With a deposit of $1,000 at least, users are gifted a 20% bonus for the first time and 10% bonus of amount deposited every next time. This type of account also receives an e-book and an one-time interaction with OptionRally’s financial experts.

         3. Executive Trading Account– (Require a minimum deposit of $5,000)

With a minimum deposit of $5,000, you’ll be able to trade on the Executive Trading Account, which will definitely have more advantages than the Standard one. Executive account holders will get a 25% welcome bonus, 2 times of interaction with financial experts and 3 daily trading tips, which is really helpful for profitable trading. 

Deposit and Withdrawal Methods

These are several banking methods for traders offered by OptionRally for deposit and withdrawal purpose. All of those methods are really convenient:

  1. Bank Wire Transfer
  2. Credit Card – Visa, American Express and MasterCard.
  3. Knet ATM cards.
  4. CashU cash cards.
  5. Wire Transfer

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And 2 ways to withdrawals:

  1. Credit/Debit Card – up to 12 working days to complete the process
  2. Bank Wire – takes about a week to complete

VIP Club Account – (Require a minimum deposit of $10,000)

OptionRally’s VIP Club Account privileges include:

  • Personal Trading Concierge
  • Access to exclusive information, ideas, trading tools and international clubs
  • Welcome bonus of 30% of the initial amount deposited
  • 15% bonus for every redeposits
  • Access to Market Analysts during regular trading hours
  • 5 daily trading tips send out daily.
  • Market reviews on a daily and weekly basis
  • OptionRally e-book
  • Personalized consultation with OptionRally’s financial experts for three (3) times
  • Free Smartphone/Tablet Tab after $15k trading
  • International travelling arrangements

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OptionRally Payout

The percentage of payment is 78% for in-the-money trade, while a refund for an out of the money is 10%.

OptionRally Asset List

In terms of assets, OptionRally offer their clients 6 types of commodities, 24 types of stocks, 15 types of currencies and 20 types of indices

Customer Support

Customer support is provided through Live Chat services, Email and through the phone. Live chat and Call are replied within a minute, which is much quicker than using Email that takes a few days. In addition to English, OptionRally’s also provide support for several languages namely:

  • Arabic
  • French
  • German
  • Spanish
  • Turkish

OptionRally Pros and Cons

Pros

  • User friendly GUI with their trading platform
  • Different classes of trading accounts depending on investors’ risk appetite
  • Iphone App for mobile trading
  • Market reviews for a quick overview about the market

Cons

  • Average refund for out-of-the-money trades (10%)
  • Doesn’t accept USA clients. Click HERE for a list of USA Binary Options brokers.
  • Live Chat response time can be improved

OptionRally Review: Conclusion

In this competitive trading market, OptionRally have tried by heart to stand out of other brokers with their unique features like the app for iPhone and iPad. Even though they are new comer, they have achieved a lot of success that make their rivals can’t help but envy. With their effective strategies, OptionRally is believed to go further on their chosen road.

OptionRally Review - Is OptionRally a scam?
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Author: David Wilson