OptionRally review – binary options broker

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OptionRally Review

OptionRally was a binary options broker that is no longer in business.

They were owned by Optionrally Financial Services Ltd, and located at: Zavos Kriel Court, 1 Griva Digeni Street #201, Limassol, Cyprus. Their phone numbers are: South Africa: +27 10 500 1844 and United Kingdom: +44 203 608 0253.

For complaints and withdrawal problems read this.

OptionRally Review

OptionRally uses the popular SpotOption (LiveTrader) trading platform which many brokers use. They are an innovator when it comes to mobile binary options trading. They were the first broker to create a mobile trading app for both iPhone and Android. As with other brokers using the SpotOption platform, they offer their traders regular binary options, high speed options, ladder options and pairs. OptionRally’s website is available in English, Chinese, Russian, Japanese, Turkish, and Arabic.

Returns on the $EUR/USD binary option is 81%. The minimum deposit for new accounts is only $250.

License & Regulation

When the Scam Broker Investigator reviews binary option brokers to determine if they are a legit broker or a scam broker we use a simple test. Does the broker hold a license and are they regulated by CySEC in Cyprus? Do they fall under the MIFId regulatory rules in the European Union (EU)?

One of the benefits of using a regulated broker is that if the trader has a problem, they can always complain to CySEC. OptionRally.EU is a broker regulated and licensed by the CySEC in Cyprus, license number 220/13. They were granted a licensed on November 7th, 2020.

OptionRally.com which is the broker outside of Europe, is owned by TCM Investments Ltd, is not a licensed broker. There are now more than 20 licensed brokers to choose from, see the list.

Compare OptionRally

PepperStone is a very popular broker that is licensed by ASIC. They offer a variety of unique trading platforms, see here.

OptionRally Broker Review 2020

This broker is closed.

OptionRally represents an excellent trading platform for many traders around the world. The system itself is known for its award-winning customer service as well as an extremely user-friendly system for trading. By combining together an easy minimum deposit of $250 and a general max payout of 90% this is not only one of the most exciting options trading platforms but also one of the easiest to use by reputation.

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But does the reputation for OptionRally actually suit the true results of using the system? In this OptionRally review, we will outline some of the basic information that you need to know before using OptionRally is your main trading system.

OptionRally Account Features

OptionRally as a trading platform was founded in the 2020 and is one of the most long-standing trading brokers available in the industry. Binary options were only available just three years before this trading platform launched and this makes it one of the true veterans in the industry. As well as representing one of the most historical brokers OptionRally is headquartered in Cyprus as one of the main offices. It has satellite offices to improve customer service across the UK as well as across the globe.

Due to CySEC’s decision, StockPair no longer provides binary options bonuses!

OptionRally Account Types

OptionRally review also found several different account types including their five main account classifications:

OptionRally Mini: This account starts with a 15% bonus on all deposits and has a minimum start deposit of $300. Bonuses are credited automatically and as you deposit more you can unlock higher account levels which can eventually deliver features like a dedicated account manager, ongoing trading analysts and more.

OptionRally Standard: The standard bonus unlocks with a 20% deposit bonus after you have deposited your first $1000 with the platform. At this point, you can start to unlock some of the extra features of your account like dedicated support.

OptionRally Executive: executive memberships unlock at $5000 and this is the first option where you can get a dedicated account manager as well as a 25% bonus on all future deposits.

OptionRally VIP: VIP delivers a 30% bonus on all deposits and unlocks a $10,000 deposited. With a VIP membership, you can access all of the support options and be subject to unique bonuses on certain assets with OptionRally.

OptionRally Gold: The gold account is reserved for some of the top OptionRally traders. These traders are regularly given some extra bonuses for trading specific assets as well as a 30% bonus back on all deposits. Only a few select have been able to achieve this level of membership but they generally receive customized support options from OptionRally.

Due to CySEC’s decision, StockPair no longer provides binary options bonuses!

OptionRally is known for its great customer service and with 70 different types of assets available on their SpotOption based platform it is possible to trade a wide range of options as well as build preferred trading options such as One Touch, standard trades, 60-second trades and more. OptionRally was also one of the very first firms to launch their own mobile application and this makes them a true pioneer in the industry.

Another excellent part of OptionRally that sets it apart from the competition is its ability to deliver on a full host of webinars, guides, video tutorials and more. While many binary options brokers will simply provide customers with the base options that they need to start trading, this platform has a wide ray of support, educational options and risk management support that can really help you minimize losses.

OptionRally claims to be ready for action from the moment you make your deposit so really all you have to ask yourself is if you are ready for the same amount of action in the profits that you could make with this amazing binary options platform.

OptionRally is also extremely compatible meaning that you can use its features on a mobile device, desktop and across a wide range of platforms for the simplest of functions. Detailed charting and analysis are also available on every platform ensuring that no one has a distinct performance advantage based off of the software that they are using.

OptionRally Trading Software

There are many distinguishing features that make this broker different from others that have been around for nearly as long. OptionRally review finds that many of the main features on their platform are as follows:

Their educational resources: the wealth of webinars educational resources and the live chat feature can all provide you with troubleshooting assistance as well as education on trading binary options for the future of your profitability.

Negative balance protection: negative balance protection with no automatic debit will ensure that you can minimize your losses when necessary. Many binary options platforms will civilly refill your account if you start to run a negative balance and keeping this type of support up can ensure that you will quickly minimize your losses.

Massive number of assets: with 90 to 100 current assets available for trade you can truly diverse a fire trades by using this trading platform.

No excess commissions or fees: trading with OptionRally doesn’t come with excess fees or commissions your deposits are simply subject to one small base transaction fee that is significantly less than other brokers.

High payouts: with up to 90% back for trade there are significant rebates for trading certain assets within the broker.

Mobile support: this is one of the only binary options trading brokers that offers mobile support and a native application that has been rigorously tested.

Due to CySEC’s decision, StockPair no longer provides binary options bonuses!

Great signing benefits: starting your own account could allow you to see up to 150% of a deposit bonus depending on the amount that you are willing to put into binary options trading. With a standard bonus of 15 to 20% extra you may see a significant improvement in profits.

Easy withdraws and credit card deposits: withdraws and credit card deposits happen almost immediately and there is a quick turnaround on trades with hourly trading cycles making withdraws even easier.

OptionRally Support Information

Customer support with the company is definitely the area that they are best known. Not only do they offer web support in 10 different languages but they are extremely responsive. OptionRally review found that broker also offers customized support for different membership levels including trading advisors for the top levels of membership.

Tip: Trade with reputable and regulated brokers on FX-Advisor.

7 Binary Options

UPDATE (12.9.2020):

Optionrally has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

Min. Invest Min. Deposit Max. Returns
All brokers >>
Min. Invest Min. Deposit Max. Returns

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

While looking over the offerings of OptionRally, it is a binary options broker which provides exceptional quality for every trader. We found their huge array of services very helpful in completing our initial binary options trades.

They provide a good range of investment amounts that can fit into nearly any trading budget. The experienced, highly professional staff at OptionRally offers clients a lot of help in understanding binary options trading, while also helping them realize the full benefits of this type of trading.

While we were making our initial trades, we were reassured by the advice given and the level of competence exhibited by OptionRally’s staff. We were easily able to understand how the trading platform worked and carried out our trades with confidence.

Basic information:

Online since: 2020
Jurisdiction: Cyprus
Software: SpotOption
Max Returns: 90%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $5
Maximum Investment: $5000
Currencies: USD, AUD, EUR, Yen, Rand, TRY
Mobile: Yes
Countries: All nations excl. USA

– User friendly software
– Great customer service
– Works really well with iPhones and tablets as well
– Fast deposits
– Good coverage of banking options

– No demo account

7 Binary Options Rating:

Bonuses

Just like Banc de Binary, OptionRally has an excellent bonus structure. Bonuses are offered both for deposits and for redeposit. The value of the bonus is dependent on the deposited amount and type of account held. Bonuses help to increase the traded amount, helping every trader to realize the best possible returns on their investments. The OptionRally team seemed pleased to help us get started, as well as to make sure that we were receiving all of the bonuses we were qualified for.

Maximum profit (payout)

Finishing a trade in the money gives the trader a return of about 90%, plus the initial investment. With either VIP or Gold accounts, traders can also earn free Apple devices, including iPads, MacBooks and iPhones. This means that, if a trader breaks even or makes a little in the trading process, they get a payout of a free Apple device. The Gold account has a special rebate program which offers a 12% return whether trades finish in the money or not.

Types of accounts

OptionRally has four different accounts, depending on the needs of the trader. While we were reviewing OptionRally, we took a few minutes to go over the different account types. Each type of account receives daily, as well as weekly market reviews.

  • The Mini trading account is a great option for traders who don’t care for a lot of risk. The initial deposit amount is small but still qualifies for a 15% welcome bonus. This account type also benefits from 10% redeposit bonuses.
  • The Standard account has a 20% welcome bonus and 10% bonus on redeposit.
  • Executive trading account also offer a 10% bonus on redeposit, but boasts an outstanding 25% initial deposit bonus.
  • VIP Club account have several benefits which are exclusive to this account type. Traders get the benefit of a trading concierge, as well as access to ideas and information, as well as private business clubs. The VIP Club account has the best bonuses, at 30% welcome and 15% redeposit.

Assets

With assets as wide-ranging as stocks, commodities, indices and currencies, OptionRally has an outstanding number of binary trading options. Google, Apple, Barclays, Microsoft and other well-known companies are included in the asset list. Most commodities are available for trading, including platinum, sugar, oil, gold and coffee. Currencies are traded in pairs, such as USD/TRY, EUR/GBP and EUR/USD, along with several others. The most popular indices are also available, including FTSE 100, S&P FUTURE and others.

Screenshots

Deposit Methods and withdrawals

With an easy and straightforward way to open an account, OptionRally makes it easy to deposit funds and start trading. After a trader has set up their account, funds can be deposited using several methods, including bank wire transfers, Knet ATM cards, credit cards and CashU cards. The minimum deposit is only $300.

Withdrawals are as simple as deposits. Simply navigate to My Account and select withdrawal requests. Your withdrawal will be made using the method you specify

Customer Service

OptionRally offers 24 hour a day, 7 day a week customer support. The staff was knowledgeable and helpful and always ready to set right any problems we ran into during our review. They stand ready to help every trader with great information about binary options trading and are available to be contacted by phone, email or through chat.

Conclusion/Summary

OptionRally offers an excellent choice for binary options trading, with outstanding service, a good, easily-understood and solid platform, a great bonus structure and accounts suitable for traders of any type. We also recommend checking out Binary Option Robot review.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Arabic, Turkish, Vietnamese
Trading Options: High / Low, One Touch, Option Builder, Meta Charts, Pair Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 sec, 5min, 15 min, 30 min, 1 hr
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, CashU, Inpay
Withdrawal Time: 2-3 days
Demo account: No

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