Optionrally Forex Broker

GENERAL INFORMATION AND REGULATION OptionRally, founded in 2011, is a global privately held company headquartered in Hong Kong with offices spread around the world. OptionRally is an innovative consumer trading company offering clients an easy and intuitive way to trade on leading financial markets - Forex, commodities, indices or stocks. OptionRally uses the popular SpotOption (LiveTrader) trading platform which many brokers use. They are an innovator when it comes to mobile binary options trading. They were the first broker to create a mobile trading app for both iPhone and Android. As with other brokers using the SpotOption platform, they offer their traders regular binary options, high speed options, ladder options and pairs. OptionRallys website is available in English, Chinese, Russian, Japanese, Turkish, and Arabic. Returns on the $EUR/USD binary option is 81%. The minimum deposit for new accounts is only $250. But when trying to check whether it is regulated or not, unfortunately we found that OptionRally.com which is the broker outside of Europe, is owned by TCM Investments Ltd, is not a licensed broker. And therefore are not good to trade with, same applies to any unregulated forex brokers. MARKET INSTRUMENT Over 20 stocks are available, as well as around 15 currency pairs and a similar number of indices. As with all binary options platforms, not all assets are available at every time, such as stocks which are based in the US that cannot be traded on a binary options platform when the US market is closed. ACCOUNT AND LEVERAGE There are several accounts to choose from at OptionRally. The Mini account is designed for traders who wish to keep their risk exposure as low as possible. This account can be activated with the smallest possible deposit. A welcome bonus of up to 15% of the deposit is awarded as well as additional bonuses every time a new deposit equal to 10% of their value is made. The Standard trading account gives full access to all the OptionRally features including market reviews, daily analyst recommendations and a wide array of news and information. A welcome bonus of 25% of the initial deposit is made as is a redeposit bonus of 10%. The Executive Trading Account offers traders a 25% deposit bonus plus 10% for each additional deposit. Holders of this account are entitled to three trading tips daily and two one-on-one sessions with OptionRallys financial and trading experts. OptionRallys VIP Club Account offers traders all the features of both the Standard and Executive trading accounts plus even more exclusive benefits. VIP Club account holders are assigned their very own Personal Trading Concierge as well as access to information, ideas, chat rooms, private business clubs, trading tools and a level of assistance exclusive to VIP clients. A 25% deposit bonus is included as well as 10% on any additional deposits. The amounts of the initial minimum deposits for these accounts seem to be purposely omitted which is rather strange. In addition to the other accounts, those keeping Sharia laws can open an Islamic or Swap account which allows trading to be done interest-free. I was disappointed when doing this review that a demo account was not offered for new traders or for traders wishing to practice new techniques and strategies without putting their funds at risk. TRADING PLATFORM AVAILABLE OptionRally offers several trading platforms which are: LiveTrader Web LiveTrader is a 100% web based trading platform, accessible from all desktops and laptops, browsers and operating systems. It is optimized for all browsers and no download is required. Traders can trade hundreds of different assets with in depth technical analysis charts and the payouts can reach up to 81% per trade. LiveTrader iOS LiveTrader iOS is OptionRallys iPhone Application. It lets you trade any time anywhere. The platform offers full functionality with live and dynamic charts, easy access to your full trading history, and instant trade execution. DEPOSIT AND WITHDRAWAL Deposits can be made via bank wire transfer, credit card, Net banking, Web Money, Neteller, Inpay, Skrill and other online payment options. The minimum redeposit is $250 or a currency equivalent. This means that after making your initial deposit, you can deposit new amounts into the account that are greater than $250. There is no maximum deposit. Withdrawals are made via wire transfer and credit card only. There is a minimum withdrawal of $100. CUSTOMER SERVICE Traders can contact an OptionRally representative by telephone at any of their over twenty locations and by email. Chat is available 24/7 as is an online form. Some contacted Chat with a question and found that the response was immediate and the representative was knowledgeable and pleasant.