OptionRally new address now appears on both cysec. However, according to Bloomberg. Recent developments have come to our attention: They also like to keep their clients in the dark… mostly.
We can see that the complaints regarding withdrawals are still coming fresh in piles. Furthermore, the traffic to their domains, Optionrally.
Whether this was a heavy marketing move in October to pay for the CySEC fines we can only speculate on — but connecting the dots, withdrawal issues and CySEC fines, we can only assume the worse! Basically, everything that a trader can complain about… Not a good sign when existing clients tell you to stay away from a broker.
OptionRally has one of the best educational materials that I ever saw in a binary broker, ranging from free videos to a comprehensive Glossary, daily and weekly market analysis and some actually good strategies. It really feels like this broker wants me to succeed, and is not just filling my head with crap. Thumbs up for that. Another good news is that OptionRally is now regulated by CySEC and they have recently updated their website appearance, making it flashier, in my opinion.
Once I opened an account, the actual trading platform became larger and all its features became visible: Also the assets became easier to choose and overall, it felt like a professional trading environment. Again, not bad trading conditions, but not exceptional either. OptionRally differentiates the trading accounts based on the minimum deposited amount and personally I find that to be a marketing trick, luring you with a higher first deposit bonus, an e-book or a dedicated account manager if you deposit more.
Allow me to disagree. That range of first deposit is way too high for a newbie and OptionRally should know better than to recommend something like that to a beginner. On a recent visit we noticed that they have removed from their website the information about the amount required to open each type of account.
I contacted their support to get the exact sums needed for each account and the answer was not surprising at all: Just think about it: Client -Hey man, what is the minimum deposit for say… an Executive account? The sums for each account are still not known but at least the bonus percentages or the initial deposit are available: Ok, I saved the best for last. This feature is a first for me when it comes to binary brokers: Could it be that we start to see brokers actually emphasizing the importance of Technical Analysis and recognizing its advantages?
That is so primitive that I had to check my calendar to make sure I am in the year But what am I doing here? At least OptionRally tries to advance a bit and that in my book is commendable. All you get is a Forbidden message. Maybe I need a live and funded account? There are lots of indicators and even fundamentals inside the charting platform that runs smoothly. OptionRally phone support went offline in and the company laid off up to employees, according to Finance Magnates.
OptionRally representatives have stated that the company is undergoing a reorganization process and sources across the industry mentioned that the company may be looking to fully automate its operations to comply with CySEC requirements and that is what happened.
This is one of the biggest partnerships in the binary options industry, so it looks like OptionRally are doing well… or maybe they fired the employees to pay for the logo on the F1 Ferrari. According to some complaints on the Internet, it seems like OptionRally closes accounts that show profit under the excuse of abusive trading patterns. Our OptionRally Review page is full of angry customers but some opinions also favor the brokerage so you might wanna check it out to get a feel of what people are saying about this brokerage.
If you feel you have been mistreated, contact OptionRally and if the issue is not solved, use this link to file a complaint with their regulatory agency, CySEC. According to some users, OptionRally is using high-pressure tactics and are becoming a nuisance to their existing and potential customers. Other problems are withdrawal issues and price manipulation. However, these are all allegations until proven. Optionrally and the company that operates them former name Tifozi Investments Ltd gets warned by the British Virgin Islands Financial Services Commission for falsely claiming to be licensed and regulated in the Islands.
They also have additional, smaller bonuses for each future deposit. For more information regarding bonuses and withdrawals, refer to section 32 of their Terms and Conditions. Withdrawals are crucial for trading success and I hope you agree. They process a wire transfer withdrawal request within 48 hours but it could take up to days until the money reaches your bank account and up to 10 working days if you choose to withdraw through Credit Card.
The Daily Market reviews are no longer updated and the features mentioned above are no longer Extras, considering that nowadays many brokers are offering them.
The Spotoption platform does a good job once again and OptionRally offers a big amount of information and educational material. Almost all the things needed to create a professional trading environment are present and easy to access. On the downside, the FAQ page is very short and missing viable information.
Available in 7 languages. Their FAQ section is now bigger and better, with a lot of nicely structured information. Their asset index is composed from 27 currency pairs, 2 commodities, 14 stocks, 3 indices and 1 pair Gold vs. We have to note that since our last visit, overall their asset index has decreased significantly, except for the currency pairs, which are more now than before. The expiry times range from 60 seconds to 24 hours, weekly, monthly, yearly and with the possibility of trading One Touch Options.
The support is quick to respond and polite but they try to avoid some important questions. This does not leave you much time for education as you need to start trading immediately. The candlestick charts are a great addition and so is the daily market analysis. Pairs trading Gold vs Silver for example would make a great Extra, but nowadays almost all brokers offer pair trading so I cannot include it in this category.
Lots of educational material. CFD trading has been introduced and currently we categorize it as an extra. Not approved broker by binaryoptionsthatsuck. This broker is not recommended due to a large number of complaints. Find user complaints below, continue reading this review or get started with a trusted broker now.
This Broker is Not Highly Rated. Binary Options That Suck. Please be noted that all information provided by Binary Options that Suck are based on our experience and do not mean to offend or accuse any broker with illegal matters.
The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person.More...