Option Rally is CYSEC Regulated Broker, Safe and Complains Free!
Is OptionRally Scam or Legit Exchange!?
It’s been a while since we have endorsed a binary broker. That’s because like 90% of the brokerages on the market are loads of crap. We are receiving tents of complains from day traders on daily bases. Exposing many unregulated but regulated brokers as well in shady activities, that’s why we pick very carefully which brokers to promote.
For the unregulated brokerages it’s obvious they are just scamming people left and right, that’s why you must avoid the unregulated once, not all of them but like 99% of them. However, with the regulated brokerages it’s a different story, since they are hunted by the authorities they don’t have a lot of space to scam people but they use little tricks that can ruin your trading experience. We`ll mention some of the most common once. When you make new account with any binary broker you get assigned with account manager. This account manager will call you via phone and try to upsell you in order to deposit more money than the very minimum and eventually when you figure out the situation he will stop answering the phone or he will switch with another acc manager and wash his hands. Or he will try to give you a bonus that will lock down your account till you reach certain trading volume, keep in mind that such trading volume can be hard to reach sometimes. This is part of the game and you need to be very careful with that fact. But enough spam talk let’s move to your major target today Option Rally, a binary options brokerage with pretty decent reputation.
The OptionRally Review!
|Currencies:||USD, EUR, GBP|
|Bonus Conditions:||(deposit + bonus) x 30|
|Options:||Normal Binary Trading, Pairs, Short – Long Term, One Touch Ladder|
|Expiry Times:||60 sec, 120sec, 180sec, 5min, 15 min, 30 min, 1 hour, 24 hours+, end of the month even up to 6 months for some assets.|
|Assets:||Currencies, Stocks, Indices, Commodities|
|Languages:||English, Spanish, French, German, Russian, Arabic, Turkish,|
|Deposit Methods:||Western Union, Bank Wire Transfer , Cash-U , Credit Card , Skrill , Webmoney|
|Cash out Time:||2-5 days|
|HQ:||Office 201 “ZAVOS KRIEL COURT”, 1 Griva Digeni Street, 3035, Limassol, Cyprus.|
|Nationalities:||All nations, Excl. U.S.|
|Regulations:||CySEC license No. 220/13|
The OptionRally Review!
One of the most important questions, which must be answered when we speak for binary broker is: “Is Option Rally Regulated?!” The answer is simple, Yes OptionRally is well regulated under Cyprus Security and Exchange Commission, and your money are safe with them.
When you are surfing the industry blog, you will find many different opinions, the reason behind this is because when we promote brokers, eventually we take small commissions from them. So when you pick broker for yourself you definitely need to find one suitable for your exact needs and never take any blogger opinion as a must! The only effective method and process you need to come true in order to find your broker is to sign with many brokerages and eventually pick 1, 2 that match your trading needs. Keep in mind that signing only with regulated brokerages is highly recommended.
OptionRally Features and Payout Rates.
Option Rally offers all the features needed by the regular day traders, from normal up and down binary to long term up to 6 months turtle trading. They offer vast positional of expiry starting form 60 seconds. Their payouts are averaging around 80% but they go up to 90% for certain assets.
OptionRally Deposits, Withdraws and Bonuses!
Option Rally depends on good reputation, they offer deposits in many ways from normal wire true credit card and even skrill deposit. Option Rally withdraws are taking average timings, from 2 to 5 working days all depending on your location. Bonus formula is (deposit + bonus) x30 nothing orthodox here, just keep in mind that if you are not completely aware of what bonus structure is you should avoid taking any bonuses!
The OptionRally Review, Endorsements and Community Opinions
We think that this is the most important aspect of determine brokerages authority. There is nothing more hones then a true day trader testimonials. In this case OptionRally is managing to keep high reputation among the community for over 5 years now, and in this industry to keep your reputation you will need to set up high standards for you and follow them strictly. OptionRally has managed to do it and they are providing high service to their clients, and with that moves they managed to win few broker awards. Option Rally Offers 24/7 live support via phone and chat.
The OptionRally Review, The Conclusion.
OptionRally has proven as respected broker and at this point we are not aware of any compliance that can compromise the authority of this brokerage. The lag free platform long with the good support team are offering one safe and friendly environment to their traders. We are recommending Option Rally as one of the good brokers out there!
Verdict: OptionRally Is not a SCAM! Recommended for test drive!
If you are newcomer to Binary Trading Option Rally are pretty decent choice, they offer demo accounts to their clients where they can trade risk free and test out different strategies. Important note: always deposit the minimum investment of $250 when you test out a brokerage, only after you feel that this particular broker is providing the experience you like, then you can deposit more money and eventually trade with higher budget!