In relative terms, if you are looking for an experienced binary options broker, Optionrally.com would fill that bill since they were founded in 2011, a mere three years after this industry got started. Two years of experience may not sound like much, but it is apparent that this firm has focused on making its trading process, support, and the quality of informational and educational materials exceed what you might find as standard from today’s newer wave of brokers. Optionrally is headquartered in Cyprus, but has also established satellite offices in the UK and across the globe.
To their credit, there are few complaints to be found on the web, other than the typical whining of beginners in the binary space that do not understand this simplified form of trading currency pairs, indices, commodities and stocks. The company has also chosen the popular SpotOption platform and added candlestick charting, a rarity in this industry, to its offerings of standard, one-touch, 60-second, Option Builder, and the more sophisticated BinaryMeta trading platform approach. There are ample bonus programs, account classifications (including an Islamic account), and asset choices to trade, over 100 at last count. They are also one of the first firms to offer a mobile app, as well.
The payout range is up to 88%, with a rebate safety net ranging from 10% to 15%. For a $1,000 deposit, a 30% bonus is standard, along with an individual account rep to assist you in achieving a favorable trading experience. Where most companies have provided a few snippets of educational information, Optionrally has invested in a host of guides, webinars, and video tutorials that are a testament to the firm’s effort to win your favor and prepare you for active trading. According to their website, the firm “is managed by highly experienced financial professionals who possess considerable expertise in all aspects of investment trading including: risk management, investment technology and trading regulations.” They claim to be ready for action – Are you?
Optionrally is regulated by CySEC.
Features at Optionrally
The distinguishing features listed by Optionrally.com on their website are as follows:
- Binary Options Benefits
- Trade over 100 different assets
- High profit payouts up to 88% per trade, with rebates as well
- Fast returns, Hourly trading cycles
- No commissions or fees
- Easy credit card deposits & withdrawals
- Minimum deposit requirement is $250
- Sing up bonus of up to 150%
- No US Traders.
- Five account classifications, including Mini ($300), Standard ($1,000), Executive ($5,000), VIP ($10,000), and Islamic – each varies on bonus size, features, and support according to the amount of your initial deposit.
- 24/7 Support team, 1-on-1 training
- Informational and educational materials that go beyond competitive efforts
- Assistance with Binary options strategy
- No prior experience necessary
- Negative balance protection, no debits
- First and only Mobile trading platform for binary options
Optionrally has chosen the highly popular SpotOption trading platform and its related feature-sets. It is 100% web-based, no downloads required. In order to trade, all that you must have is a device (PC, laptop, tablet or mobile device) that can access the Internet. The latest in 128-bit SSL technology ensures that online encryption will shield you from the attacks of hackers or those bent on obtaining your personal identity information. For the more advanced trader, BinaryMeta features are also supported, allowing for more detailed charting and analysis.
Deposits and Withdrawals
Optionrally supports a wide range of deposit methods, including Bank Wire Transfer (Domestic and/or International), Credit Cards (Visa, American Express and MasterCard), Knet ATM cards, CashU cash cards, and MoneyBookers. The online process is straightforward and, once competed, results in the immediate ability to trade. Withdrawal requests are handled within 48 hours without delays, as long as internationally mandated documentation, required of all brokers, is on file with the company.
Optionrally has invested in this area, and it shows. The website can be read in ten languages, and the responsiveness of account service representatives is above average in the industry with bilingual support, as well. From an information perspective, Optionrally has chosen to distinguish themselves in this area with in-depth educational materials, tutorials, market commentary, and e-books.
Optionrally – Conclusion
On first glance, Optionrally may appear like many of the glossy marketing efforts that plague the industry, but after a total review, you come away with a confident feeling that this broker has taken the time to do it right. There is an emphasis on customer support and informational needs, while providing a user-friendly trading platform that can please beginner and veteran alike. Their website has a professional logic to it, with emphasis placed on the right areas, suggesting that this team really does understand the needs of traders without wasting their time or energy on fluff. In nearly three years of operation, Optionrally has demonstrated that it has earned a favorable spot in the top tier of brokers in this fast-paced trading genre. They are worthy of your consideration.Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.