If you are looking for good customer service experience and user friendly software, OptionRally is the best option out there for traders from all over the world. The minimum deposit is $250. Maximum bonus is unlimited and ‘maximum returns’ is 90%.
Minimum investment is $5 whereas maximum investment is $5000. In our review, we are going to deal with every aspect of it.
The first thing that we want to tell the readers is that OptionRally is open to US traders as well. If you ask us, we would say that Arabic and European traders will benefit greatly by using this. As for the Arabic traders, the best thing is that they have kept the religious traditions of Muslims in mind while designing it. Therefore, you will find it highly attractive if you are an Arabic trader.
There are other attractive things too:
- If your initial deposit exceeds $5000, you will get an iPad mini.
- A risk free trade is guaranteed at OptionRally.
There are 5 types of accounts to choose from when you sign up initially. If you go for Gold or VIP account, you will be able to walk away with prizes like MacBooks, iPads and the iPhone. However, for enjoying such benefits you need to turnover $30,000. Gold account comes with an even better rebate program where you will get 12% additional return, irrespective of the outcome of the trade. To us, this is one of the best things about this company.
Let’s take a look at the bonus offered by each of these account types; Mini – 15%, Standard – 20%, Executive – 25%, VIP – 30% and Gold – 30%. Notably, bonuses will come to your account automatically. But if you are not comfortable with this arrangement, you can approach the customer support. When you go for higher level account types, the company will provide more service. For example, you will have a dedicated account manager in those higher level account types.
You will also have a trading analyst at your disposal. If you want more information on the extra facilities provided each of these account types, you can refer “Account Types” tab in the deposit area.
Deposit And Withdrawal Options
As for deposit and withdrawal options, they provide all the typical banking options. Also, you can make a fast deposit from your online bank account as well. If you prefer Moneybookers, you will be disappointed as some legislation has prevented the website from providing their service. So we would suggest you to go for credit card payment. They support cards like Amex, MasterCard and Visa.
However, once after signing up, you will need to get your account approved within the next 3 days to continue using their service. You will be asked to send utility bill, photo ID and copy of your credit card for the approval process. However, one thing you need to keep in mind that you should cross out eight digits of the 12 digits for your own safety.
When it comes to support, you don’t have to worry at all. The friendly staff at the call center located in Zurich, Switzerland will assist you whenever you need. If you are a new trader, you should open an Executive account as you will get the help of a trade analyst to learn the basics of the trade. You can also go for the live chat option provided there. As far as we are concerned, the staff is friendly and helping. In most cases, they will come up with instant solutions.
Otherwise, you will have to follow-up via email. And yes, OptionRally is licensed by CySec as this is the information we got when we contacted the agent. One thing you need to keep in mind that they don’t provide demo accounts, unlike many others and if that’s what you are looking for then you will be disappointed. You can get the customer care numbers for each region from their website.
They use the well-known software SpotOption. It is a friendly software and you will find it user friendly and fast. It is not complex at all and you will not need technical expertise to deal with this. You will find plenty of resources for education on your website in the Education section.
OptionRally is a good choice. You won’t be disappointed. They use, fast software and their customer support is great. And the bonus offers are attractive too.