It’s great to see a broker such as OptionRally which have really taken the basic trading platform and made something worthwhile from it. The people behind the Cyprus-based and regulated OptionRally chose to take a standard broker site and make it into something attractive and exciting while providing its traders with the best possible chance to profit. As with all brokers, there are some things to improve at OptionRally.com, but the foundation of a great broker is already there.
Software and Features
The Option Rally technical team should be commended for taking the SpotOption trading engine and making it their own, retaining the versatility and ease of use while maximizing the look and level of customization. Excellent iOS and Android trading apps can be downloaded so traders can trade from anywhere. The rich OptionRally Academy contains training and strategy videos along with how-to guides and webinars, enough for anyone to get a handle on how to trade binary options profitably. It is unfortunate to see that there is no demo account offered, though. The website is available in eight different languages and over the phone while English, Turkish, Arabic, and Vietnamese are all supported in live chat customer support, which was a bit sluggish with response times during our OptionRally review.
Option Types Offered
One of the few negatives to be found on OptionRally.com is their paltry list of assets; a mere 55 stocks, commodities, currencies, and indices are currently offered. By using the SpotOption platform there is the versatility to be able to trade standard, 60-second, and one-touch options as well as to build your own option and sell early or roll options over through the Meta trader platform. Profits are likewise disappointing, with the highest payouts only reaching 78% though all losing traders carry a 10% rebate.
Account Types Offered
Depending on how much a new trader deposits, he or she will get one of four different account types. Each account offers an OptionRally bonus with a minimum deposit of $200 qualifying for the Mini Account with basic functions and a 15% bonus. One step higher is the Standard Account which offers extra training and a higher bonus while a $5,000 deposit earns the Executive account with an even higher bonus and trading tips while $10,000 gets you the VIP account with all the trimmings and a 30% bonus. Banking is secured by COMODO and possible through credit cards, wire transfers, and e-wallets.
Right now, OptionRally is a very good binary option broker and if they address a few issues such as their meagre asset list and lack of a demo account, they can achieve greatness. But that means that even now, Option Rally is a good bet for any trader looking for a broker they can profit with.