OptionRally Broker Review

Option Rally LogoOptionRally binary options broker is a perfect choice for binary options traders who have the need of getting an exceptional customer service and a user friendly trading software.

The broker was founded in 2011. The OptionRally binary options broker has its headquarters in Cyprus. It has also established other offices in the United Kingdom and as well as in other parts pf the world.

Basic information:

Online since: 2010
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 except USA

Pros:

– User friendly software
– Great customer service
– Excellent variety of banking options
– Works very well on mobile devices
– Fast deposits

Cons:

– No demo account

Binary Minery Rating:

45-stars

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OptionRally Special features

When a binary option trader opens a trading account with OptionRally broker they have five different account types to chose from. These trading accounts are: the Mini account (requires a minimum deposit of $300), Standard account (requires a minimum deposit of $1,000), Executive account (requires a minimum deposit of $5,000), VIP account (requires a minimum deposit of $10,000), and an Islamic account. Each of the mentioned accounts have different bonus sizes, features, and customer support.

The trader is also able to get free iPhone, iPads or MacBooks by opening the VIP or Gold accounts. But for the trader to get this rewards, they will be required to have a turnover of $30,000 in trades, although if the trader manages to attain this by losing some few trades, breaking even or even making profits, they still earned themselves a free MacBook in the process.

If ta client/trader opens a gold account he or she is entitled to a 12% rebate program. This is basically an additional 12% return on all the executed trades regardless if the trader wins or loses. This is exceptional and a very unique feature, which is not found with many binary options brokers.

The bonuses offered upon depositing in every of the account type is as follows:

  • For the OptionRally Mini Account the bonus is 15% .
  • For the OptionRally Standard Account the bonus is 20%.
  • For the OptionRally Executive Account the bonus is 25%.
  • For the OptionRally VIP Account the bonus is 30%.
  • For the OptionRally Gold Account the bonus is 30%.
  • The OptionRally Islamic trading account complies with the Islamic religious traditions that most Muslims adhere to.

The OptionRally broker ensures that:

  • A trader is offered a 100% bonus for the first deposit of up to $10,000.
  • The binary option trader is also guaranteed of Risk Free trading
  • A reward of an iPad mini when the trader deposits $5000 or more for the first time.

Since bonuses are automatically credited, the trader should write to the support immediately if they don’t want the bonus and request them to remove the bonus.

It is worth noting that the higher the account level that a trader choses, the more the services he or she will be offered by the OptionRally broker. With the higher account levels the trader gets a dedicated account manager and a trading analysts among several other benefits

The minimum deposit amount is $250, which is relatively low compared to most brokers. The maximum amount of the deposit bonus that a trader can get is infinite since it depends on the amount deposited by the trader.

Option Rally Screenshot

OptionRally Trading Software

The OptionRally binary options broker uses the world known SpotOption binary trading software that is mainly because it is fast and user friendly. It is not very technical and complex as compared to other binary options trading softwares. When trading with OptionRally, the trader can see the list of their open trades just below the trading chart, making it very easy to monitor their trades closely down till the last seconds.

With this software, it is possible to sell options before expiry by doing what is called an “early closure”.  This is helps in reducing the trader’s losses if they get the feeling that their trade is going to loose and their is still time to save some of the invested amount.

The OptionRally also offers a new feature where the binary options trader can trade pairs. This means the trader can trade options by betting on one of two stocks or currencies to outperform each other. This has proved to be a fun way of trading rather than what the skilled binary options traders do.

This broker also has one of the best mobile software for iPhones and iPads. Traders can download the applications free of charge and trade with them while on the go. This has proved to be very helpful for traders who don’t have time infront of their PCs all day long.

OptionRally Support information

They have a live chat friendly staff that always respond promptly to the issues of their clients. Most problems are usually solved instantly while some have to be followed up via e-mail so that they can ensure that the issues are fully settled.

Unfortunately, OptionRally does not support Demo Accounts at the moment. Therefore if you are looking for a free demo account at OptionRally, you will have to look for another options broker that offers one.

OptionRally Banking and company information

When depositing money in your OptionRally trading account you can use a credit card, Visa, Inpay, CashU, Mastercard or Amex.

Before a trader can be allowed to make the first deposit, their account has to be first verified, which takes a maximum of 3 days. The verification process will require that the client/trader provides a national ID with his or her photo, a utility bill receipt and a scan of a credit card. When submitting the scan of your credit card, you should cross eight of the digits on the credit card number to avoid scams with your credit card; the card should look like this: 1234 – ×××××××× – 5678.

Additional information

Customer Service: Live Chat / Email: support@optionrally.com
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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Related Pages:

References/Further Reading:

  1. Transparency, Risk Management and International Financial Fragility (Mario Draghi)
  2. WHAT DO FINANCIAL MARKET DATA TELL US ABOUT MONETARY POLICY TRANSPARENCY? (Jonathan Coppel)
  3. Infrastructure Requirements for an Economically Efficient System of Public Financial Reporting and Disclosure (Ray Ball)
  4. Property rights protection, corporate transparency, and growth (Art Durnev)
  5. What can we learn about monetary policy transparency from financial market data? (Andrew Clare)
  6. Online transparency of the banking sector (Enrique Bonson)
  7. The determinants of transparency in nonprofit organizations: An exploratory study (Bruce Behn)
  8. Cost of capital and earnings transparency (Mary Barth)
  9. Information Disclosure,Transparency and the Cost of Capital (Wang Wei)
  10. Impacts of e-Commerce and Enhanced Information Endowments on Financial Services (Eric Clemans)
  11. Promoting Fiscal Transparency: The Complementary Roles of the IMF (Murray Petrie)
  12. The Change in Corporate Transparency of Korean Firms After the Asian Financial Crisis (Jinho Chang)
  13. Transparenting Transparency: Initial Empirics and Policy Applications (Daniel Kauffmann)
  14. The Law and Financial Transparency in Churches (John Montaque)
  15. The Need for an Internal Auditor Report to External Stakeholders to Improve Governance Transparency (Travis Holt)
  16. Transparency and financial reporting in mid-20th century British banking (Mark Billings)
  17. Financial and Tax Accounting: Transparency and “Truth” (Judith Freedman)
  18. An Empirical Analysis of the Impact of Corporate Transparency On Foreign Direct Investment (Belay Seyoum)
  19. Transparency Culture and Financial Communication (Daniela Salvioni)
  20. The Strategic Communication Imperative (Paul Argentini)
Binary Minery Review: OptionRally: 4.5 stars.