OptionRally Trading Platform Review

If you have not yet joined the world of online binary options trading, then you are missing out on one of the most popular forms of trading that offers high rewards and low risk.

Since opening to the public in 2008, both novice and professional traders have been taking advantage of the many benefits of trading online. As the industry grows, the number of brokers has expanded rapidly and selecting a reliable and reputable online broker is a key element in your success and profits.

Despite only starting to operate in 2011, Option Rally is recognized as a leading binary options broker offering traders worldwide a cutting-edge trading platform as well as superior trading tools and features.

In this OptionRally review, we will cover everything this top broker has to offer in order to understand why OptionRally is the perfect partner when it comes to trading.

Option Rally Review – Website and Trading Interface

From the moment you access the OptionRally website, you will be impressed by the sleek and organized design.

More importantly, the site is easy to navigate and from the comfort of the homepage, you have access to all the tools needed in order to trade binary options online such as opening a trading account, FAQ’s, glossary, banking information, live chat, live market news, information on how to trade, access to video tutorials and more.

The website is also available in a variety of languages catering for traders worldwide and these include English, Russian, French, Arabic, Norwegian, Spanish, Italian, Dutch, Chinese and Japanese.

In order to begin trading online, you need access to an online trading platform and OptionRally offers a state-of-the-art interface that is easy-to-use.

Since their platform is 100% web-based, you will not need to download any software. With only an internet connection and your computer and the OptionRally website, you could become a part of the OptionRally family within minutes.

OptionRally Website Trading Platform Interface

Regulation and Safety

When you trade binary options online, you want to ensure that your personal and financial information is safe and secure.

OptionRally goes the extra mile to guarantee the safety of your funds and information. On the homepage of their site, you will notice the Comodo Logo giving you peace of mind that the site is authentic and secure.

OptionRally also uses the best encryption protocols available in the market and they apply SSL encryption to every entry and transaction you make through the HTTPS secure web protocol.

For additional piece of mind, OptionRally is regulated by the Cyprus Securities and Exchange Commission (CySEC) which is the financial regulatory agency of Cyprus.

Opening a Trading Account with OptionRally

Signing up and opening an account with OptionRally is easy to do and within minutes you could be a part of the OptionRally family.

Opening an account with this broker is free of charge. Once you have entered the website, you can complete the Quick Start registration form by filling in your full name, email address, location and telephone number.

Once you click on the ‘Open Account’ button you will be redirected to another short registration form where you can setup the password for your trading account.

At this stage you will also be required to select the currency you wish to trade in and your options include the US Dollar, Turkish Lira, the Euro, British Pound Sterling and the South African Rand.

Remember that once you have selected your currency preference, you cannot change this at a later stage. Upon submitting this information, OptionRally will send you a confirmation email and your trading account will be opened.

Remember that in order to trade, you need to be over the age of 18 years. Should you try to open an account with OptionRally and you are located in a region they do not support, you will receive a notification which states, ‘Sorry, but for regulatory reasons we cannot accept registrants from your place of residence’.

To activate your trading account and begin trading you will be required to deposit the minimum initial deposit amount of $300. OptionRally offers a wide selection of deposit methods which we will review later.

Trading Account Types

OptionRally understands that not all traders are equal. While some may be professionals with years of experience, others have never traded online before.

Based on this, the broker offers a wide variety of account types, each with their own requirements and benefits. The types of trading accounts include:

Mini Trading Account

If you are new to trading, then the mini trading account is ideal for new traders like you who want to minimize the risk associated with trading.

To activate your mini trading account, you must make an initial deposit of $300. In return, OptionRally will give you an additional 15% welcome bonus which means that you will receive an extra $45 to trade with, in your trading account.

For each redeposit you make after your first deposit, OptionRally will give you an additional 10% of the deposit amount. Mini trading account holders will also receive daily and weekly market reviews to assist them in trading effectively.

Standard Account

The Standard Trading Account is designed for traders who want to launch their online trading career.

To help on this journey, these account holders gain full access to the OptionRally website including daily and weekly market reviews and a vast selection of important market data and information. Other unique benefits include a 20% welcome bonus on the initial deposit amount as well as an extra 10% bonus on all additional redeposits.

Another great feature of the standard trading account is access to one of OptionRally’s professional market analysts. You can contact them via Live Chat during trading hours for more specialized trading assistance and you are also eligible for one trading tip daily.

In addition to professional trading advice, OptionRally will also provide you with a one-on-one session with their financial trading expert to boost your trading success.

Executive Account

If you have some trading experience, then the Executive trading account is best suited to your requirements and will give you the added benefits to enhance your trading skills and strategies.

After you have made your initial deposit, OptionRally will reward you with a 25% welcome bonus as well as an additional 10% bonus on all further deposits. Traders also receive access to vital market information including daily and weekly market reviews.

Executive trading account holders also receive the OptionRally eBook which outlines binary options trading and how to trade on the broker’s trading platform.

As an executive member, you can also contact the broker’s professional market analysts via Live Chat during trading hours and you will also receive three trading tips daily.

Two one-on-one trading sessions with a financial trading expert are one of the added benefits of being an Executive Trading account holder of OptionRally.

VIP Club Account

As a seasoned professional trader, you deserve the best service and features and the OptionRally VIP Club account will meet your every need.

Once you have made your initial deposit, the broker will credit your trading account with an additional 30% welcome bonus. For every additional deposit you make, you will also receive an additional 15% credit to the value of each deposit.

Other exclusive benefits include a personal trading concierge as well as access to private business clubs, international clubs, trading tools, chat rooms, top trading tips and professional assistance.

OptionRally will also provide you with their eBook. As a VIP account holder, you will also receive a free iPhone 4 or an iPad or a Samsung Galaxy SII or a Galaxy Tablet once you have traded up to $15,000. But there is more.

OptionRally will give you access to their professional market analyst via the Live Chat feature and you will receive five trading tips daily.

OptionRally will also go the extra mile to ensure that you have enough time to focus on your trading and so they will organize all your world-wide travel arrangements on your behalf.

Islamic Account

OptionRally is one of the few brokers who cater for traders who follow the Islamic faith and their Islamic account is tailor-made to allow qualifying clients to trade interest free.

The interest-free or swap-free account will incur no additional fees or charges and traders will also have the flexibility to open new positions at any time which they can also close at any time.

Other relevant policies also apply to the Islamic account such as the No Riba Policy which allows clients to maintain their open positions for an unspecified time with no additional charges.

The Hibah policy also enables Islamic traders to voluntarily present gifts or ‘hibah’ onto organizations with the pre-approval from OptionRally.

Finally, OptionRally’s Musharaka policy allows processors to activate partnerships or joint ventures with other traders. This allows for the distribution of profits and loss based on a predetermined ratio. Islamic account holders can select any type of account type such as Mini, VIP Club or Executive.

With respect to the Islamic customs, OptionRally guarantees that no additional fees or charges are charged on the swap-free accounts.

You choose the account that suites you best and we provide you with our award winning trading platform and exclusive welcome bonus, so what are you waiting for?

Banking – Deposit and Withdrawal

Money is a core element for any trader and OptionRally goes the extra step to ensure that you can deposit and withdraw funds with ease.

In order to deposit money into your trading account, you can use one of the following methods; credit card such as Visa, MasterCard or Amex, bank wire transfer, MoneyBookers, Knet ATM cards and CashU cash cards. Deposits can easily be executed directly from within your trading account.

All the types of deposit methods excluding wire transfer ensure that the money is available immediately in your account so that you can start trading as quickly as possible.

Every time you make a deposit with OptionRally, they will send you an email to confirm receipt of the funds.Once you have made money with OptionRally, withdrawing these funds from your trading account is simple. From your trading account, you can request a withdrawal with your preferred method.

Bank wire transfers are processed within 48 hours while credit card and debits card withdrawals are also processed in 48 hours but it can take up to 10 working days until you receive the funds due to the credit card company’s processes.

It is important to note that the minimum withdrawal amount is $100 or €100. Your Account Manager will keep you updated via email regarding the withdrawal status.

To safeguard your funds, OptionRally will require identification documentation with your first-time withdrawal request. You will need to send them a copy of your ID book, driver’s license or passport, a clear copy of a utility bill, credit card statement, municipal tax receipt or bank statement as well as a copy of both sides of your credit card.

If you have made a deposit using a credit card, OptionRally requires copies in order to verify that the card in fact belongs to you.

Trade Options & Assets

OptionRally offers a selection of trade options on their trading platform thereby catering to a wide range of traders.

Their trade options include binary options, Option Builder, One Touch and Binary META. Detailed information on each trade option can be found on their website.

OptionRally also provides information on important trading tips which helps to minimize risks and increase profits.An important element of trading in binary options is the selection of assets one can trade in.

OptionRally offers a wide selection of assets to trade in including:

Commodities

  • Wheat
  • Coffee
  • Silver
  • Gold
  • And more

Stocks

  • Google
  • Tata Steel
  • Axis Bank
  • HSBC Holdings
  • And many more

Forex & Currency

  • EUR/USD
  • USD/CHF
  • NZD/USD
  • GBP/USD
  • Plus many others

Indices

  • ASX (Australia)
  • IBEX
  • Dow Jones
  • NASDAQ Future
  • And more
A full Asset list is available on the OptionRally website and if you click on an asset name, you will be provided detailed information on the asset as well as the Reuters Code, the expiry rule as well as the trading hours of the asset.

Having access to this extensive information enables you to enhance your trading effectiveness and success.

Rate of Return

OptionRally offers a rate of return up to 78% on trades that end in-the-money. The broker also rewards you for trades that are unsuccessful or end out-of the-money up to 10% of the investment amount.

So for example, if you trade with $200 and your prediction was incorrect, OptionRally will give you back $20. Trading with this broker is always a win-win situation for the trader.

For some trade options such as Option Builder, a trader can earn up to 500% return on a successful trade.

Educational Tools

OptionRally will exceed your expectations when it comes to their educational trading tools. On their website, they offer their trading academy which has extensive services to increase your trading efficiency and effectiveness.

The first service they offer is a video library of video tutorials. These videos are divided into three sections namely, beginners, advanced and our platform. Some of the topics covered in the beginners videos include course introduction, the world of global trading, chance and risk, distributing risk and more whereas some of the topics in the advanced videos include passive trading 5/15 rule, market analysis types, trends, support and resistance and more.

The videos on the OptionRally platform cover up/call, down/put, Option Builder, One Touch as well as an example trade.The next section in the Academy covers detailed information on trading in each of the assets types such as stocks, currencies, indices and commodities.

There is also a full section on strategies, understanding the trading platform and how to trade the right way. OptionRally also offers a comprehensive glossary section, trading terminology as well as FAQ’s on banking and trading.

Another great feature is the broker’s live webinars which you can sign up for free of charge. A full timetable of webinar times and dates are available on the site and it covers topics such as, welcome to binary options, how to use an Economic Calendar, beginner trading strategies, mastering the OptionRally trading platform, trading styles and trading tools.

The OptionRally educational classes are also offered free of charge and this covers more advanced topics such as the well-known Bollinger Bands, channel trading, live trading events and more.

Should you wish to join one of these classes, simply contact your account manager and they will gladly assist you. An additional tool that OptionRally will provide you with once you have signed up with them is an eBook which also covers important topics to help you trade with confidence.

On the homepage of the OptionRally website, you can get access to an Economic Calendar, daily and weekly market reviews as well as a live financial news feed.

You will also find access to OptionRally’s TV news channel, the Pulse TV, which provides detailed information on the broker’s latest offers as well as the latest financial news.

Mobile Trading

OptionRally trading is mobile too and this gives you the opportunity to trade while on-the-go. From the comfort of your iPhone, Android or iPad, you can make your trades, have access to live trading charts, view your full trading history and all this with an intuitive touch screen control.

The mobile trading platform is identical in terms of performance and functionality as the web platform meaning that there is no learning curve.

This app is available free of charge from iTunes or the Google Play Store, or you can download it directly from the OptionRally website.

While we have established that binary options trading in the US is illegal, the loopholes do allow for US citizens to trade.

Make sure to select a regulated and licensed broker so that you can enjoy the benefits of trading legally and profitably.

Is Binary Options Trading Legal for US Citizens?

If you are based in the United Kingdom, you too can enjoy the wide variety of benefits that binary options trading offers such as low risk and high rewards.

While there are many brokers available in the UK offering their services, OptionRally offers top quality features and they have proven themselves to be reliable, professional and the top choice among UK traders.

Ream More about Trading Binary Options in the UK

With the freedom to trade binary options in Australia, there is no reason not to join the growing world of online trading today.

With the wide selection of leading and regulated brokers, both novice and professional traders living Down Under can also share in the benefits and profits of trading in Australia.

Read More about Binary Options Trading in Australia

Binary options trading in South Africa is growing daily and investors are spoilt for choice when it comes to selecting a binary options broker.

Despite the wide availability of leading brokers in the industry today, as a South African, it is important to choose a regulated broker that can meet your trading needs as well as one who offers a cutting-edge trading interface and superior trading features.

Read More about South Africans Trading Binary Options Online

Customer Service & Support

OptionRally Support

A vital element of any business is the customer service and when you sign up with OptionRally, you will know that you are in good hands.

The customer support at OptionRally is superior and you can contact them 24/7 via live chat, email, telephone or fax. You can also request a call back from their website homepage. Their customer support is also available in a wide range of languages. OptionRally offers remote assistance and with the help of TeamViewer, you can get assistance from one of their support representatives.

Visit an OptionRally forum online and you will see how satisfied traders are with this top-notch broker.

Conclusion

This OptionRally review outlines the benefits, tools and services offered by OptionRally which will help you to succeed and profit when trading binary options.

OptionRally clearly understands how to satisfy their traders and is an exceptional broker.

So sign up now and get in on the action.

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