A relatively newcomer to the Binary Options Industry we thought here at Binary Options Trend Indicator that we would take their product for a spin (excuse the pun). Well firstly we are impressed the way they are the first platform that is supported on mobiles this includes Android and Apple. We are led to believe that other brokers offer this facility now but OptionRally were the pioneers in this field.
A wise decision as people are very busy nowadays and the ability to trade wherever you want is perfect for everybody.. No more sitting in front of your computer all day long. If you know how the market is going to react then why not be able to place trades whilst you are getting your haircut or even making a sneaky trade when you are out at lunch with your friends. Infact this is a brilliant tool we are very excited about it here.
So moving on to tell you a bit more about OptionRally. First established in 2011 and based in Cyprus with a few satellite offices around Europe but the headquarters are based in Cyprus which is probably why they were one of the first brokers to go under the CYSEC laws.
OptionRallys trading platform are based on SpotOption(probably the smoothest and easiest to use interface) They are perfectly laid out and very easy to navigate which makes trading achievable in three easy steps. With being able to doing it on your phone this is ideal.
The 3 steps go as follows
- Select an asset there are a huge variety to choose from but bear in mind that certain assets can only be made at certain times of day especially the currency pairs market
- All you have to do then is decide whether you think this asset/currency will rise or fall.
- Then decide how much you wish to trade from your OptionRally account and decide how long you want the trade to last.(we would normally recommend 15 minutes but if you are out and about on your phone you may want to reduce this a little). Then simply place the trade and the excitement begins.
Like some of the other brokers OptionRally have realised that all clients are different and have 5 different kinds of accounts depending on your level and experience with Binary Options. These range from a mini trading account which requires a minimum deposit of $200. Most traders take out a Standard Trading Account which requires a minimum deposit of $1000. They recieve a 20% introductory bonus and will also be tutored by OptionRallys financial experts for a set period of time. Moving further up the scale they have the VIP Club Account for the more wealthy experienced traders. This does require a minimum deposit of $10000 but it does have its perks, quite a few infact. Firstly a personal concierge for enjoying trading, Access to exclusive information, ideas, trading tools and also international clubs(we would be interested to know what clubs these are and where they are located. 30% welcome bonus. Also a free smartphone or tablet(it doesn´t state which brand) which is a nice touch and they also offer international travelling arrangements. We arent really sure what this means but will certainly be looking into it.
The average payout with OptionRally is 78% for winning trades which is satisfactory but not the highest by any means but they do offer a 10% refund on losing trades so we guess that kind of levels things out a little but hey we are not in this business to lose money so we would have preferred in if they had raised the payout and abolished the refund for losing trades but everyone is different and we are sure Optionrally has done their market research.
They offer over 100 different assets to trade on and this is growing daily and they do have a nice little tol which allows you to trade on 2 stocks against each other so for example E.bay against Amazon. Pick the one that is performing the best over a set period of time and you are in the money. In someways this is easier to predict than the currency markets. For example if a company is due to release their quarterly figues their stock price normally increases substantially before and after so this is an ideal time to trade and also a very good tip when trading assets.
Their customer support is slightly more limited than other brokers with not quite as many languages supported but they do speak several languages. However if you are a US trader unfortunately OptionRally will not be able to accomodate you due to restrictions betweeen the US government and CYSEC
If you have any queries regarding OptionRally or if you have any feedback then please contact us and we will be pleased to answer any questions as helpfully as possible email@example.com
Alternatively if you wish to try out OptionRally just CLICK HERE