Review of the Binary Options Broker Optionrally
OptionRally is a binary options broker founded in 2011 which offers many trading tools and the possibility to trade with options based on many financial assets (underlying markets) such as currency pairs (Forex), stocks, commodities and stock indices. This company has various types of trading accounts with different features and web based trading platforms which are designed to trade with Above/Below, One Touch and customized options.
Type of Broker
OptionRally is a Binary Options Broker
Country of origin
The headquarters of this company are located in London, United Kingdom and it has offices in other countries like Spain and Canada.
No information about it.
- Forex Market: 15 currency pairs of the Forex market, including the most important pairs such as the EUR/USD, USD/JPY, GBP/USD and EUR/JPY and other more exotic like the USD/RUB.
- Commodities: 4 of the most important and traded commodities in the market including gold, silver, crude oil and platinum.
- Stocks: 26 stocks of the main financial markets in Europe, United States and Asia including Google, Microsoft, Apple, Citi, Nike, Barclays, BP, HSBC Holdings, Gazprom and Toyota among other.
- Indices: 20 of the main stock indices in the most important financial markets worldwide including the S&P 500, NASDAQ, FTSE 100, CAC, DAX, Tadawul and ASX among other.
Types of Binary Options
- Above/Below Binary Options: These are the most traded and common binary options thanks to their simplicity and the high and fast income that they offer to the trader. In this case the trader must establish if the underlying asset price is going to end above or below the acquisition price once the option expires. Usually the expiration period of the Above/Below options offered by this broker is 1 hour, but this value can vary. For example, the client can trade with 15 minutes options
- One Touch Binary Options: With this type of binary options the trader must determine if the price of the financial asset will reach or not a predetermined price level. In the case that the price reach that level the option automatically expires without terminating its expiration period. Normally, these options have a longer expiration period compared to Above/Below options and offer a better performance up to 500%.
- Customized Binary Options: These are binary options which are customized by the trader. In this case the traders can design a binary option according to their trading strategy by modifying parameters such as the period of expiration, the underlying asset, the performance of the option and the risk level.
Payment Offered by OptionRally
- 70%-85% of the contract inversion for Above/Below Binary Options.
- Up to 500% of the contract inversion for One Touch binary options.
This broker has four types of trading accounts with the following features:
-Mini tradin account: This is a trading account designed for beginners traders. It requires a minimum deposit from $200 to $1000. This account offers daily and weekly market reviews, a welcome bonus and a bonus for every new deposit.
-Standard Trading Account: It is a trading account designed for more experienced traders. It requires a minimum deposit of $1000. This account offers daily and weekly market reviews, a welcome bonus and a bonus for every new deposit, one time one-on-one session with trading experts of this broker, access to professional market analysis and access to OptionRally e-book about binary options.
-Executive Trading Account: These accounts are designed for professional traders. The Execute Account requires a minimum deposit of $5000 and it offers the same advantages of Standard Trading Accounts plus other additional such as additional sessions with the trading experts of OptionRally and access to additional professional market analysis and tips.
-VIP Club Account: This trading account is designed for traders which require the best services and improved trading conditions. It requires a minimum deposit of $10000 and it offers the same advantages of Executive Trading Accounts plus other additional
-Options Builder: This is a platform which allows the traders to design customized binary options according to their trading needs and strategies. With this application, the trader hast the possibility to modify the main parameters of the option, including the period of expiration, the underlying asset, the performance of the option and the risk level.
For the moment this broker does not offer a demo account, but the real trading account can be opened free of charge.
Main Advantages of Optionrally
- The broker OptionRally offers regular promotions for clients who open a trading account and deposit funds.
- This broker offers a wide variety of underlying assets to trade with binary options.
- The client of OptionRally has the possibility to trade with customized binary options.
- OptionRally has a good customer service which offers assistance 24 hours a day, 7 days a week.
- Through its website, OptionRally offers free basic education about binary options. This trading education includes aspects like trading and binary options terminology and trading strategies.
- This broker offers daily and weekly market reviews.
- The trader has the possibility to trade with four trading platforms.
- OptionRally offers a mobile trading platform.
- It offers solutions for fund managers.
- OptionRally offers the opportunity to earn money by promoting its services as a broker through an affiliate program called BinaryAffiliates.
Main Broker Offers
Currently, this broker has implemented the following promotion for all clients:
- Welcome bonuses from 15%-35% of the initial deposit made by the client.
- Bonuses for every time the client make a new deposit from 10%-15% of the deposit made by the client.
OptionRally™ is property of the company LFG Investments LTD
|Minimum account size||
The minimum account size with this broker is $200.
|Minimum transaction size||10 US dollars/euros.|
|Maximum transaction size.||1000 US dollars/euros.|
|Link to the website||OptionRally Website|
|Open an account|