FinRally Reseña

On-line since: 2014
Country of origin: UK
Regulation: -
Payment options: Visa/Mastercard bank cards, JCB, American Express, China UnionPay, Neteller, Perfect Money, WebMoney, Qiwi Wallet, Yandex.Money, Bitcoin, Alipay, OKPAY
Minimum account size: $250
Minimum lot size: -
Leverage: -
Spreads: -

About company:

FinRally is a broker with the focus on binary options trading. It has been operating in the forex industry since 2014.

Regulations

At present, the broker’s activity is not subject to any supervisory agency. The company explains that if a broker is regulated in a particular area, it loses the opportunity to serve traders from other regions. For instance, a broker under the EU jurisdiction is not entitled to serve clients from Australia and Canada. Therefore, we advise you to get to know reviews on any broker in our rating before opening an account with that company.

Trading conditions

To open a Bronze account, a client should deposit at least $250. After the registration, traders are provided with the opportunity to learn trading on a free demo account, a 20% deposit bonus, and a training course (E-book and a video).

A Silver account can be registered on condition of a $1,000 deposit. This account opens great trading opportunities: first 3 risk-free deals, a participation in a master class (webinar), trading protection (a client gets a 10% compensation from all losing trades back to one’s account), and a 50% deposit bonus.

A Gold account includes extra services such as a Swiss prepaid card, an individual account manager, and a 100% deposit bonus. The minimum deposit size is $50,000.

Apart from these accounts, FinRally offers active clients its own investment solutions with a preset yield rate. Traders invest their capital which is managed by the company’s analysts. The broker claims that it guarantees a return of the means invested into a fixed yield account in full regardless of trading results.

Holders of Silver and Gold accounts are invited to take part in master classes conducted by Abe Cofnas, a professional trader with 20-year experience. At his seminars, he instructs traders in theoretical and practical aspects of trading.

FinRally trading platform

All deals are executed through SpotOption, a popular trading platform to trade binary options. The web application can be used anywhere where there is access to the Internet. Trading is available on mobile devices.

Trading instruments:

• Shares (19);
• Currencies (12);
• Commodities (7);
• Indices (11).

The minimum trade size with FinRally is $1 and the maximum one equals $1,500.

Alongside regular features of a trading platform, StopOption with FinRally provides unique opportunities.

So, traders can conduct fundamental analysis by means of market updates and forecasts.

Technical analysis is simplified through daily reviews of tradable assets including forecasts from the technical viewpoint.

The economic calendar presents all time-sensitive news which trigger market moves.

Comments from experts are also at clients’ disposal.

Types of binary options

Clients trade several types of option contracts such as classic put/call options, Sixty seconds, One touch, Option builder, and Pairs. FinRally offers a wider choice of binary options compared to other brokers.

• Put/call option is one of the most popular types of binary options. A trader needs to decide whether an asset price will go up or down.
• Long-term options mean that an option term lasts for a few weeks or months.
• Sixty seconds expires/closes in one minute.
• One touch means that an investor has to foresee whether an asset’s price will touch a certain value.
• The option type called Pairs enables a client to gain a profit, trading two assets in parallel.
• Option builder is a version of the classical put/call option that allows a trader to take a profit after a price reaches a specified level.

Payment methods

Clients can choose from a wide range of payment methods such Visa, MasterCard, Maestro, AMEX, and JCB bank cards. Clients can also use electronic payment system like Neteller, Perfect Money, WebMoney, Qiwi Wallet, Yandex.Money, Bitcoin, Alipay, OKPAY, and China UnionPay.

According to the information on the website, withdrawal requests are processed within 1 hour. A trader can withdraw at least $50. The broker accepts USD, EUR, GBP, and RUB for trading. FinRally does not charge commissions for depositing and withdrawing money.

Client support service

The customer support is available round the clock 7 days a week. The service deals with clients’ questions by a live chat, a callback request, email, and phone helpline for the UK, Russia, Hong Kong, and Thailand.

Advantages:

• Prompt withdrawal of money;
• A demo account;
• The opportunity of investments into a fixed yield account for trust management.

Disadvantages:

• The broker is not regulated.