Review of OptionRally

OptionRally

Details

Broker	OptionRally
Website URL	https://www.optionrally.com/
Founded	2010
Headquarters	Limassol, Cyprus
Support Number	+44 203 608 0253
Support Types	Live Chat, Support Mail,
Languages	English, Arabic, Turkish, Vietnamese
Trading Platform	SpotOption
Minimum 1st Deposit	$250
Minimum Account Size	$250
Minimum Trade Amount	$5
Maximum Trade Amount	$5000
Bonus	Up to 100% first deposit bonus
Payout	90%
Free Demo Account
Regulated
Regulation	Regulated by Cysec
Account Types	Mini, Standard, Executive, VIP
Deposit Methods	Visa, Mastercard, Amex, Bank Wire, CashU, Inpay
Withdrawal Methods	Visa, Mastercard, Amex, Bank Wire, CashU, Inpay
Number of Assets	100+
Expiry Times	60sec, 5min, 15min, 30min, 1hr
Types of Assets	Currencies, Stocks, Indices, Commodities
Option Types	High/Low, One Touch, Option Builder, Meta Charts, Pair Options
Account Currency	USD, AUD, EUR, YEN, Rand, TRY
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	4.5

Pros

Good deposit bonus
Excellent customer support
Mobile Trading

Cons

No Demo account

About OptionRally

OptionRally is a binary options brokerage website that provides its users with a sizable number of trade options along with a professional staff. Since it was founded, Optio nRally has become a well known and popular tool to trade assets. It is constantly upgrading its trading platform to make the trading experience enjoyable for its users. It also is continually adding more methods of trading and the variety of its assets. All trading options on OptionRally can be completed both on computer and mobile devices. Withdrawals and deposits are made quickly so people don’t have to wait to start trading or use their earnings. Aside from trading, OptionRally is also known among traders because of its online support and education teams. Both have proven to be reliable, helpful and professional towards users.

History/Background

OptionRally is a privately owned company that was founded in 2010. Its headquarters is in Cyprus, but it has offices all around the world. OptionRally’s management team is made up of financial professionals that have experience in trading regulations, risk management and investment technologies. Two years after it was opened to the public, OptionRally was made available on mobile devices. This drastically increased the number of traders and trades the brokerage website had.

Geographical Spread

OptionRally is based out of Europe and is open to traders from all countries excluding the United States. The website is available in English, Turkish, Arabic, Chinese and Russian. OptionRally uses the United States Dollar, the Australian Dollar, the Euro, the Japanese Yen, the South African Rand and the Turkish Lira.

Services

OptionRally has four accounts for traders to use from: the Mini Trading Account, the Standard Trading Account, the Executive Trading Account and VIP Club Account. There are different services depending on which account a user chooses. Below are which services are available to each specific account.

Mini Trading Account

This account gives the user daily and weekly trading market reviews.

Standard Trading Account

Executive Trading Account

VIP Club Account

This account gives the user full access to the OptionRally website, daily and weekly trading market reviews, daily analyst recommendations, Market Analysts, three daily trading tips, the OptionRally e-book, two one-on-one sessions with a trading and financial expert, a Personal Trading Concierge, chat rooms, private business clubs, personalized assistance, advanced trading tools and international clubs.

Aside from the specific account dependent services offered by OptionRally, there are a few services that all traders can use. There is the online education system which traders can use to learn how to be successful and earn the most using OptionRally. Traders can also take advantage of the Live Trader option for fast and accurate trading. Lastly, there is the 24/7 live help available on the OptionRally website.

What Can You Trade

Like with almost all binary option brokerage websites, Option Rally trades in assets. These assets are stocks, stock indices, currencies and commodities. OptionRally’s stocks includes those from Microsoft, Apple, Barclays and Google, while it also has a variety of commodities including sugar, platinum, gold, oil and coffee. Currencies are always traded in pairs. For example if a trader had USD they could trade it for EUR, GBP, TRY or one of the other currencies OptionRally uses. The most popular stock indices traded on the website are S&P FUTURE and FTSE 100.

Users can trade these assets using One Touch, High / Low, Option Builder, Pair Options or Meta Chart trading systems. Expiry times include 60 sec, 5 min, 15 min, 30 min, 1 hr and end of the day.

Trading Software

OptionRally uses SpotOption as its trading software for all its accounts. SpotOption is a platform service provider which is privately held and used exclusively for binary option industries. This trading platform has had over $5 billion traded annually since it was founded. It is known in the trading communities to provide fast and secure trading for newcomers and veterans alike. It has a smooth and fool-proof layout which makes it easy to start new trades, find information on existing trades and review account notifications.

Bonus Offers

OptionRally has a fairly standard bonus system compared to other binary option brokerage sites. It does not gift users with items based on their deposit amount, but it does have fairly good welcome and trading bonuses. These bonuses are specific to the type of account purchased. Below are the bonuses that each account has access to.

Mini Trading Account

This account requires a minimum deposit of $250. There is a 15% initial deposit bonus and an additional 10% on additional deposits.

Standard Trading Account

This account requires a minimum deposit of $1,000. There is a 25% initial deposit bonus and an additional 10% on additional deposits.

Executive Trading Account

This account requires a minimum deposit of $5,000. There is a 25% initial deposit bonus and an additional 10% on additional deposits.

VIP Club Account

This account requires a minimum deposit of $10,000. There is a 25% initial deposit bonus and an additional 10% on additional deposits.

Customer Support

OptionRally has an easy to use and extensive Frequently Asked Questions page. However, there are some questions that need more than just text on a page. That is where customer support comes in. OptionRally has a professional customer support team that is available to users 24/7. Most of the customer support team has had outside experience with finance or trading, making them knowledgeable and equipped to handle almost any question that comes their way. The same people that help veteran traders also help newcomers who might not even have an account yet. OptionRally’s customer service team can be reached by phone, email or through the website’s live chat feature.

Deposit & Withdrawals

Before a user can begin trading they must make an account. These accounts have different prices. Making trades also include making variously sized deposits depending on the asset being traded. All these deposits can be completed using credit cards such as Visa, Mastercard and Amex, as well as bank wire transfers, CashU cards, Knet ATM cards and Inpay. The minimum deposit is $250 and the maximum deposit is $5000. Deposits happen instantly.

The minimum withdrawal amount is $100 and there isn’t a maximum withdrawal amount. OptionRally does not have a withdrawal fee, but it says there is a $25 fee that bank bills a user’s account. Withdrawals are processed within 48 hours but can take up to the days to be approved after being processed. It can then take 5-10 days for the funds to be available if using a credit card, or 5-9 days to be available if using a bank wire transfer. For a trader’s first withdrawal OptionRally needs a clear copy of a driver’s license or passport, and a clear copy of a recent utility bill, bank statement, credit card statement, or municipal tax receipt.

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