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Home Brokers rating OptionRally Binary Options Broker

OptionRally Binary Options Broker

OptionRally Binary Options Broker
Minimum deposit
200$
Minimum rate
12$
Bonus
30%
Regulation
CySEC
Demo account
Rating

Currency accounts

  • EUR
  • USD
  • GBP

Languages

  • Russian
  • English
  • German
  • French
  • Spanish
  • Japanese
  • Arabic
  • Turkish
  • Chinese
OptionRally is a Brokerage Company based in Cyprus. As expected, its financial activities are regulated by the Cyprus CySEC regulator and the trading platform is a remake of the SpotOption developed terminal like all the other "Made in Cyprus" platforms. However, OptionRally platform is called «Binary Option Pro» and is painted into a bit different colors.

At the same time, all of the above mentioned suggests that, firstly, OptionRally activities are controlled by one of the reputable regulators known around the world, the CySEC, secondly, the «Binary Option Pro» trading platform is quite dynamic, secure and easy-to-use terminal, which is offered by all of the professional brokerage companies in the world to their customers.

So, there is nothing new for us to be seen at OptionRally, however, all the company's services in binary options trading are of a high enough level. In addition, the priorities of the company include the privacy of brokerage accounts and financial transactions as well as a professional approach to traders’ education.

OptionRally Binary Options Broker

Terms of trading

  • Minimal deposit of 250 USD only;
  • Profitability - from 70% to 400%
  • Loss recovery – up to 15 %
  • Minimal deposit - 200$
  • Minimal stake - 12$
  • Demo account – Yes
  • Mobile version – Yes
  • Education – Yes

Registration at OptionRally

Registration at the broker is simple enough. In order to become a client of the company there is no need to fill in extensive forms about one’s place of work and financial situation. Several lines of personal information, phone number and e-mail address are enough to be greeted as a customer of the company.

Of course, the next thing that happens after the registration is automatic redirection of the customer to the page of account funding, which offers quite an extensive amount of payment systems services. At the same time, the client is invited to fund a deposit based on the ratio of different types of accounts. In addition, in order to withdraw profits and deposited funds from account opened in the company the client must pass the trader’s identity verification procedure.

OptionRally Binary Options Broker

Well-known trading platform

As mentioned above, the OptionRally trading platform is not a proprietary development of the said brokerage company and is the result of SpotOption technical developments. However, this platform received maximum optimization and was continually refined by the above company. In this case, the recent significant improvements have been implemented in the summer of 2014. Thinking of that, this is the most up-to-date platform of all used at the moment. Trading with the platform can be carried out in 2 windows at once and the number of simultaneously open orders equals five.

OptionRally Binary Options Broker

Trading area of the website where the platform is placed is protected by information encryption SSL protocol and browser-based security HTTPS protocol. An important advantage is the fact that traders may view quotes of financial instruments at different time intervals, allowing a more thorough analysis of the market. At the same time, a good enough list of options expiration dates comes as a pleasant surprise. Thus, the classic binary option – as the most popular form of trading has 9 of such terms allowing trader to choose the life period of the trade ranging from 15 minutes to 6 hours (which cannot be done with more than half of brokers).

Of course there is also a terminal for mobile trading fans provided by OptionRally.

Platform pros:

- 2 trading windows available;

- time and other brokerage companies proven platform;

- information flow encryption with SSL protocol;

- excellent selection of expiration dates;

- dynamic and fast.

Platform cons:

- a lack of technical analysis tools;

Financial assets

There are 55 names at OptionRally. In this case the company followed the “less is better” principle and selected the most necessary high volatile financial instruments, namely: 17 stocks, 13 currencies, 6 commodities and 19 indices which is enough for professional trading.

Bonuses

OptionRally provides each trader who funded his account with 30% of the replenishment amount. At the same time, each subsequent replenishment is welcomed with the amount of 15% of the received funds.

Types of trading

The OptionRally Company provides its traders with the following options types: br>
- binary option is a classic option type for which there is only one main condition - "up or down". That is, a trader needs to only specify the vector of price movement direction during the trade period. In this case, just one point in the direction of the forecast is enough for the trader to profit.br>
- “designer” option is an option for more experienced traders for whom the available options expiration times may not be suitable. In this type of option, some trade parameters could be set by the trader. br>
- “One Touch” option is an option of the price touching the levels set by the brokerage company. Trader is betting on the fact whether the price of the asset will reach the strike level. The touch of the given strike-level by the price during the life of the trade is enough for profiting. br>
- “long-term” option is a version of the first type of the option. At the same time, trading differs by a more balanced approach. In this case, the trader relies more on fundamental and technical analysis than on intuition, and expiration dates of the trade are up to six months. br>
- “short-term” option – expiration time of the contract is 60 - 90 - 120 seconds. As for the rest, there are no differences from the classic binary option.

“Binary META” special function is the most interesting refinement of the trading platform, which has been only recently implemented - the ability to test your trading strategy on the history of quotes of the financial asset is available in the terminal. Each trader will be able to choose terms of expiration for each instrument and build his own trading strategy.

Quality education

OptionRally has a high level of education. The broker has created its own binary options trading training academy for this purpose. Perhaps "Academy" is too big of a word, but the broker has quite an impressive collection of trading strategies, interactive lessons, webinars and e-books on the website.

Professional support 24/5

Professional support is implemented on the company's website with the classic options of our time: on-line chat, phone call and email messaging. Support is conducted in 9 languages (English included), and traders questions are answered by professionally trained managers who were selected mostly out of professional traders.

Currency assets deposit and withdrawal

Deposits and withdrawals from client accounts are carried out by means of popular services: MasterCard, Visa and American Express credit cards as well as WebMoney and CashU payment systems.

Deposit of funds is instant and withdrawal takes 3 days. Let us remind that withdrawal in OptionRally Company is possible only after verification of personal information by providing the color scanned copy of trader’s passport.

OptionRally pros/cons

Main pros:

  • minimal deposit starting from 200 USD;
  • first class trading platform;
  • 5 options types (trading types);
  • «Binary META» strategy tester;
  • good selection of assets;
  • excellent selection of expiration times;
  • intuitive trading platform;
  • client information protection provided by modern encrypting systems;

Significant drawback:

  • a lack of indicators in trading platform.

Conclusion

OptionRally is a company that seems to be no different from other brokers only at first glance. In fact, this financial services operator is in close range of the market leaders due to some parameters. Company’s terms of trading are selected in accordance with all kinds of trading and traders preferences. Having the opportunity to test trading strategies is what sets the company terminal apart of similar platforms, and the expansion approach to expiration terms makes the company almost exclusive in the market of options trading. Education and professionalism in customer support confirm the “trustworthy broker” status awarded by the traders from around the world.

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