FinRally Broker Review

FinRally offers a good initial deposit bonus for its newly signed-up clients, however they appear to offer very little for existing clients in the way of loyalty bonuses. FinRally also offers very accessible customer support with live video chat being available 24/7 and their online trading platform is web based and intuitive.  This broker offers around 160 different assets, which, although fewer than some of its rivals, will satisfy most investors.

Intro

FinRally is a new online binary options broker that offers a number of benefits to its clients including non-stop 24/7 trading, even at weekends, a strongly encrypted site for secure transactions, 24/7 customer support and expert trader guidance. Some of the other advantages that this broker claims include extremely fast withdrawal processing and good first deposit bonuses for account holders at all levels of experience.

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Company Information

FinRally is a very recently established binary options broker operated by Affort Projects S.A. which has its registered offices in the Seychelles.  FinRally does not appear to be licensed or regulated by any recognised authority and, despite claims on other sites that it accepts American clients, its website states that it does not accept any clients from any US territories.

Assets Available

The assets offered by FinRally include:

FX – 35 currency pairs

Commodities – 9

Indices – 37

Stocks – 80

Overall, there are around 160 underlying assets to choose from with this binary options broker.

Bonuses & VIP programs

FinRally is keen to offer good first deposit bonuses for its newly signed-up clients at all levels of experience. The amount of bonus offered depends on the type of account opened and the amount of deposit paid into the live account. Bronze account holders receive a 20% bonus, Silver account holders are awarded a 50% bonus and Gold account holders benefit from a 100% bonus. There appear to be no other ongoing bonus schemes or loyalty promotions offered to existing clients. Gold account holders benefit from several other advantages that those with lower level accounts do not have access to. These perks include a free online Master Class session, an individual account manager, trading protection in which 10% of all negative trades is paid back into the client’s account, and a Swiss prepaid card.

Mobile

FinRally has a simple web based online trading platform which requires no installations or downloads, however it also offers an Android and iOS downloadable mobile app which is ideal for clients who want the convenience and freedom of checking their assets and executing trades on the go from any place and at any time. Some of the features of the app include:

• Several options types including 60 seconds and one touch
• Regular CFD trading
• Client access to accounts while on the go
• Instant execution of trades in a secure environment
• Live charts of all options that are available on the desktop platform
• Ability to view complete trade history
• Identical login details as those for the desktop platform for complete convenience
• Free mobile app download

Deposits and Withdrawals

FinRally offer numerous different methods through which funds can be deposited into a live trading account and via which they can be withdrawn. These include:

• Visa
• MasterCard
• Visa Debit
• JCB
• UnionPay
• Neteller
• Skrill
• Perfect Money
• WebMoney
• Qiwi Wallet
• Yandex
• Bitcoin
• Alipay
• OKPay

FinRally charges no fees on any withdrawal or deposit method and most options all for instant transfer of funds, or within 6 hours at the latest. FinRally also guarantees the security of all financial transactions thanks to the website’s strong 256 bit SSL encryption. This broker imposes a minimum withdrawal amount of $50 with a minimum deposit amount of $250 and a maximum deposit of $50,000.

Customer Support

FinRally offers excellent customer support for the benefit of its clients. They offer 24/7 customer assistance through their live chat facility which can be quickly and easily accessed via the broker’s home page. They also have a handy Frequently Asked Questions section on their website where clients can quickly find answers to all of the most commonly asked questions. This broker also offers a web form which can be found on the Contacts section of the broker’s website and there are 5 different telephone numbers available which clients can use to speak to a professional support representative for offices around the world. The website is also available in multiple languages: English, Russian, Spanish, French and German. FinRally also has an active social media presence and can be followed on Facebook, Twitter and YouTube.

Extra Features and Resources

FinRally have provided some educational resources for the benefit of its clients. As well as offering a basic guide to trading which is beneficial for novice investors, this broker also has a range of online video tutorials which cater for the needs of traders at all levels of experience. As well as some tutorials which help newcomers to get started with their trading ventures, there are also videos which cover the topic of advanced strategies to expand the knowledge of more experienced traders.

Verdict

Overall, FinRally offers some advantages that may prove appealing to potential clients, however there are some negatives to opting for this broker too.

Pros

• Around 160 underlying assets to choose from
• Intuitive online trading software
• Web based interface requiring no downloads or installations
• iOS and Android mobile apps for mobile trading
• Multilingual telephone contact options
• Live chat support 24/7
• A good choice of payment options
• Fast withdrawals within 1 hour
• Three different account types to choose from
• Excellent initial deposit bonuses
• Encrypted site for client security
• Easy online registration process
• Free educational resources for traders at all levels of experience

Cons

• Not licensed or regulated by a recognised authority
• Recently established broker without a tried and tested history

FAQ

Can I choose an account to suit my needs with FinRally?

FinRally offers three different types of client account designed to accommodate the needs of all kinds of trader from the novice to the professional. While each of the account types offers access to all of the underlying assets and 24/7 customer advice and support, the higher level accounts also boast several other perks including personal account managers, a free online master class, a prepaid Swiss card and trading protection.

How speedy are FinRally withdrawals?

FinRally ensures that its clients receives that withdrawals in a timely manner, processing all requests within one hour of them being received. Depending on the withdrawal method chosen by the client, funds can be withdrawn from the account within a maximum of six hours and usually within just one hour.

Are demo accounts available?

Unlike several other brokers, FinRally offers its potential clients the opportunity to open a free of charge demo account. This convenient facility is ideal for those who are keen to try out the trading platform without making any kind of financial commitment. Anyone who is new to investment will benefit from this facility as they can obtain some real-world experience and learn about this basics of investment in a risk free environment while advanced investors can use this resource to experiment with new strategies without risk.

How do I begin trading?

It is quick and easy to register for a trading account with FinRally. The registration process is carried out online and there is no need to download or install any software to your PC in order to start trading since the trading platform is entirely web based for faster trade execution. Simply deposit funds through one of the many deposit options available into the live account and then place your first trade.

Has FinRally set a minimum and maximum trade amount?

Like most other binary options brokers, FinRally has imposed a minimum and maximum amount on each trade. The minimum trade value is just $1 per trade and this makes trading accessible even for those who are brand new to investment. The maximum trade amount per trade is $1500.

Do I have a choice of base currencies for my trading account with FinRally?

Clients can choose to have their account in one of two base currencies: Euros or US Dollars.

Does Finrally charge a fee for registering for an account?

Clients who choose to register for a live trading account with Finrally are not charged any fees and there are no hidden charges to worry about.

Does this broker offer educational resources?

Finrally is keen to help its clients to maximise their profits, and to this end they have provided some helpful free of charge video tutorials to assist traders at all levels of experience.

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