Option Rally Broker Review

Option Rally offers a range of bonuses to all of its clients including impressive welcome bonuses for all levels of account. It also offers excellent cutting edge trading software that is intuitive enough for even a beginner to use and to learn quickly. This broker offers customer helplines in both Cyprus and in the UK and can be contacted via email, webform and live chat too. This broker offers over 150 types of assets for trading.

Intro

Option Rally is an online binary options broker that offers an impressive selection of underlying assets for trading. They offer an advanced web based trading platform as well as mobile trading apps and they are keen to help their clients to succeed through the provision of a useful educational resource library. This innovative company aims to make binary options trading accessible to clients at all levels of experience and has been expanding its client base worldwide for many years.

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Company Information

Option Rally is a privately owned company with its base in Cyprus. Owned and operated by OptionRally Financial Services Ltd, this broker is regulated and licensed by CySEC for complete peace of mind for its clients. In order to comply with regulations, this broker keeps all client funds in segregated accounts for security in the event of a financial crisis and protects all transactions carried out on its website with strong cutting edge SSL encryption. Strict compliance procedures must also be adhered to with regard to anti-money laundering regulations and identifying clients.

Assets Available

Option Rally offers more than 150 different underlying assets for trading across the categories of currencies, stocks, indices and commodities.

Bonuses & VIP Programs

Clients who register for an Option Rally trading account can benefit from a generous welcome bonus, whether they open the lowest level account or the highest. For the Mini account, clients receive a welcome bonus of 15% of their deposit and then further bonuses of 10% on all redeposits. Silver, Executive and VIP Account clients receive a welcome bonus worth up to 25% of their initial deposit as well as 10% bonuses on all further deposits, and VIP high volume trading clients also benefit from several perks such as a personal trading concierge, access to private clubs and chat rooms and exclusive trading tools.

Mobile

Like most binary options brokers today, Option Rally have provided a 100% web based trading interface so that clients have no need to download or install any memory intensive trading software that ties them to their PC. With their web based platform, clients can access their account from any active internet enabled device anywhere in the world and at any time, and can execute trades more quickly than ever before. Option Rally also have a trading mobile app to facilitate trading from smartphones, Android tablets and iOS systems. These trading apps can be downloaded free of charge and make a really easy and quick way to access trading accounts from the palm of your hand at any time of the day or night.

Deposits and Withdrawals

Option Rally has many ways in which clients can make a deposit quickly and easily. These include:

• Domestic and international bank transfers
• Credit cards
• Skrill
• Safecharge
• Sofort
• Powercash21
• Optimal Payments Ltd

The minimum amount which is accepted as a deposit for an Option Rally account is 250 Euros.

Withdrawals are also quick and easy to action through the client’s account and can be made via bank wire or credit card. Withdrawal requests are processed on the same day if received by 1pm GMT or the following working day if received after that time. Credit card withdrawals take around 5 to 10 business day to be received whereas bank wire transfers will generally be received within 9 business days.

Option Rally charges a service fee of between 3 Euros and 25 Euros depending on the type of withdrawal transaction carried out and the amount being withdrawn. There is a minimum withdrawal amount of 100 Euros for wire transfer transactions.

Customer Support

The Option Rally customer service team can be contacted via a number of methods including by:

• Live Chat
• Email
• Telephone helplines
• Fax
• Web Form

Customer support helplines are available from 7 am until 7 pm GMT.

There are telephone lines in both the UK and Cyprus and there are 11 different email addresses to ensure that enquiries are immediately addressed to the most relevant team. These addresses include those for:

• Customer Support
• Technical website queries
• Technical deposit queries
• Technical withdrawal queries
• Trade Disputes
• Compliance
• Finance
• Affiliates
• Education
• Suggestions
• Business Development

The website is also available in 7 languages:

• English
• Russian
• Arabic
• French
• Spanish
• German
• Turkish

There is also a useful frequently asked questions section of the website to address any simple commonly posed queries.

Extra Features and Resources

Option Rally has a useful educational resource section designed to help clients at all levels of experience to hone their skills and to learn more about the financial markets. There are webinars, courses and ebooks to choose from all aimed at all levels from beginners right up to those with plenty of experience who want to widen their knowledge and maximise their chances of success. There are also daily and weekly market reviews, an economic calendar, up to date financial news and analytical graphs and charts to assist traders.

Verdict

If you are considering choosing Option Rally as your preferred binary options broker, there are a number of positive factors to consider, however there are also some disadvantages too:

Pros

• Cutting edge trading software that is suitable for use by both experienced and novice traders
• 100% online trading interface requiring no installations or downloads
• Mobile trading app for both Android and iOS devices
• Instant customer support via the live chat facility
• Helplines in both Cyprus and the UK
• Multilingual website
• Free educational resources for clients at all levels of experience including ebooks and tutorials
• Strong SSL encryption across the website
• CySEC regulated
• Segregated accounts
• Welcome bonuses are available for all clients
• VIP accounts with extra perks and advantages
• Analytical tools
• Market news and economic calendar
• 150 assets to choose from
• Islamic trading accounts available

Cons

• Limited hours when support is available

FAQ

Does it cost anything to register with Option Rally?

The client does not have to pay a fee to register with Option Rally and there are no hidden charges to worry about.

Are my funds safe with Option Rally?

Option Rally is a CySEC regulated and licensed broker so you can be sure that your money is in safe hands. All transactions are protected by SSL encryption and client funds are also held in segregated accounts. There are strict regulations surrounding compliance which must be adhered to, so clients can rest assured that their personal and financial data is secure.

Are there different account types with Option Rally?

Option Rally offers four different account types for clients at all levels of experience. There is a Mini Account, Silver Account, Executive Account and VIP account, all of which offer different features, however all come with a welcome bonus of either 15% or 25% and access to weekly and daily market reviews as well as 10% extra bonus on all future deposits. Higher level accounts also offer additional perks such as personal account concierges, free daily trading tips, a free ebook and one to one sessions with an expert. There is also an Islamic account which complies with Sharia law and pays no interest on positions held overnight.

Does Option Rally offer educational resources?

Many brokers today offer ebooks and courses for their clients in order to widen their knowledge of the financial markets. Option Rally also do this and have webinars, ebooks and video courses aimed at both beginners and more advanced traders to help them to hone their skills and learn more about how to be successful. There is also a glossary of commonly found trading terms so that beginners can see at a glance all of the most relevant vocabulary. The frequently asked questions section of the website also gives plenty of essential information about the basics of binary options trading so that you can get off to a good start.

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