Optionrally Review

 

Broker Introduction

In 2010, Optionrally was launched. It is a binary options broker operating from its headquarters in Limassol, Cyprus. Since its foundation, Optionrally has made a name that is trusted in the industry  Optionrally is known for offering different types of accounts that suit the traders’ requirements. The availability of several types of accounts is a unique way of showing that they understand that no two investors are similar in terms of trading requirements. Optionrally offers Mini Trading account, Standard Trading account, Executive Trading account, VIP Club account and Islamic Trading account.

General Platform details

Optionrally trading platform is powered by SpotOption and is web-based. It doesn’t require any software download and installation. The design of the platform is sleek with no striking colors or distracting animations.  Optionrally trading platform is available in English, Arabic and Turkish languages. The customer support team is also available in these languages. The customer support team is reachable through email, phone and live chat and is available 24 hours a day, 7 days a week.

Trading Options

Optionrally offers an average of 78% payout on successful trades. Meanwhile, Optionrally gives 10% to 15% refund for out-of-the-money trades. Optionrally offers many tradable assets in various markets including 17 stocks, 19 indices, 6 commodities and 13 currency pairs. Traders can trade these assets in 4 different trading methods including Binary Options Pro, Option Builder, One Touch and Binary Meta. There is also a wide range of expiry times, which depends on the trading methods chosen by the trader.

Financial Details

Signing up for Optionrally is free of charge. The account currency can be set up during sign up, which can either be Euro or US Dollar. The minimum initial deposit required to start trading after signing up is $200. It is also the minimum required deposit. Optionrally supports several deposit methods including debit cards, credit cards, wire transfer and CashU. A $200 deposit is the requirement for mini trading account. Amount of deposit ranging from $1,000 to $9,999 will put traders into high tier account, which have bundled perks. VIP accounts require $10,000 deposits.  Withdrawals can be made through credit cards or wire transfer. The minimum withdrawal amount is 100 EUR/USD. Withdrawals via credit cards are free of charge, but a $25 service fee is associated with wire transfer withdrawals. Withdrawal time is 2 business days, and an addition 5-10 days before the funds are placed into designated account. Optionrally provides a 30% bonus on initial deposits. This bonus is subject to terms and conditions of Optionrally.

Summary

Optionrally is a highly recommended binary options broker in the market. The availability of several types of trading accounts is beneficial to many traders. There are also many assets, trading methods and expiry times that allow traders to conduct trades based on their requirements. This broker also provides an exceptional customer support that helps traders proceed in trading with confidence.