A Review of OptionRally
Located in Zurich, the OptionRally binary options brokerage is owned by a company of the same name. The company uses the SpotOption platform and also runs its operations through affiliates and introducing brokers.
Being a SpotOption partner, OptionRally offers the following binary options contracts for trading:
a) Binary Options Pro: This is where the trader can trade the Call/Put options.
b) OptionBuilder: Allows the trader to customize the trade expiry instead of having to choose one from the default expiry times on OptionRally.
c) Binary META: This is the option trade that allows the trader to end the trade before time.
d) One Touch: This is the touch trade with a high payout.
These trade types can be traded on the web-based platform or the platforms developed for the iPhone, Android and iPad devices.
Assets and Expiry Times
Here are the assets and expiry times on OptionRally.
1) Stocks: Barclays, BIDU, BNP Paribas, British Petroleum, Citi, Coca Cola, Deutsche Bank, ExxonMobil, Gazprom, Google, HSBC Holdings, Lukoil, Microsoft, Petrobras, Sberbank, State Bank of India, Teva Pharma, Total.
2) Currencies: AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, USDPLN, USDRUB, USDSGD, USDTRY, USDZAR.
3) Commodities: Crude Oil, platinum, silver, gold, sugar and coffee.
4) Stock Indices: ASX200, Bombay SE., CAC40, DAX, Dow Jones, DSM20, Dubai Financial General Market Index, FTSE100, IBEX35, KL Future, Kuwait, Kuwait General Index, MICEX10, MSM30. RTS, Nasdaq, RTS Futures, S&P500, SSE180, Straits Times, Tadwul, Tel Aviv25, TOPIX500.
There are several account types on OptionRally:
a) Mini Account: Traders will receive a 15 welcome bonus, and subsequent deposits will attract 10% bonus.
b) Standard Account: This comes with a 20% welcome bonus, and a further 10% bonus every time the trader makes further deposits into the account.
c) Executive Account: A 25% welcome bonus is given in addition to the regular 10% bonus for subsequent deposits.
d) VIP Club Account: This account comes with loads of benefits including a free iPad/Samsung Galaxy S2/Galaxy Tab device after $15,000 worth of trades. Professional trading advice is also given three times a month as well as travel benefits.
When it comes to making deposits and withdrawing funds from the trading account, the following channels of payment are available for use:
a) CashU: This is used by traders in Europe, the Middle East and North Africa. A customized CashU debit card is also used.
b) Credit cards issued by MasterCard, American Express and VISA are accepted, as well as the Knet debit cards.
c) Bank wires.
With as little as $200 minimum deposit, trading operations on OptionRally can be run on this platform. OptionRally does not set any deposit or withdrawal limits. Bank wire withdrawals will incur a service charge of $25.
How can traders and visitors to the site who are interested in trading binary options contact the customer support team on OptionRally?
- There is a toll-free phone number: +41-43-5507311.
- There is an online contact form that enables the trader to send messages that are delivered as emails.
- There is a Live Chat facility that pops-up occasionally on the home page.