Being a newcomer to the market of binary options trading, OptionRally have successfully managed to effectively distinguish themselves from all the other binary options brokers out there via their introduction of the Android and iPhone mobile trading applications. These apps are two of the world’s first official binary options trading platforms made for use via iPhone, iPad and android Smartphones. OptionRally was first established back in 2011, having its headquarters in the country of Cyprus.
OptionRally Trading Platform
We have tried out their trading platform quite extensively in our review, and discovered that in terms of executing trades, this company’s platform works quite similarly to the majority of other binary options platforms. In the standard trades, you may choose between the call and put options, which stand for up and down respectively, and can set your expiry time within the options. You may also choose between a list view or a grid view, depending on your preference.
If one isn’t sure as to which assets to trade, then he can easily browse the buttons on the top of the platform and observe what they have to offer, or press upon the down arrow available next to every asset in order to get a full list, and to choose an option individually.
OptionRally additionally offers you the regular One Touch option and an OptionBuilder that enables further customization of each position. However, what truly struck us during the review, was their iPhone trading platform, which is quite a rare presence amongst binary options platforms. We were quite impressed with the fact that this relatively new company has set the bar high for its competitors.
We immediately noticed that the provided Asset Index on their site offers an extensive range of currencies, indices, commodities and stock to choose from. Over twenty stocks are available, along with approximately 15 currency pairs and a similar sum of indices. Just like all other binary options platforms, assets are not all available at all times, such as certain stocks that are based in the United States and can not be traded on binary options platforms when the US market is shut down.
Along with providing a good education center that helps traders understand the overall process of trading binary options, OptionRally also provides a short demo video which truly provides a good sharp insight into their trading arena. This website additionally provides daily analysis of all major currency pairs and different assets, which allows traders to get the complete sense of market before placing their positions. The analysis of the currency pairs additionally includes charts, which may be quite useful for technical traders who desire testing out the binary options. This is a great advantage that isn’t provided by most binary options firms.
OptionRally Customer Support
OptionRally is one of the very few leading binary options brokers that provides customer support through phone, email and chat. During our review, we managed to test the firm’s phone assistance and chat support. We were quite impressed that when calling the firm’s phone number, we received an answer through a live representative in 1 single minute.
OptionRally Ease of Use
All in all, we found OptionRally to be very easy to make use of, even though we would have wanted to see access to a specific practice account that can be quite useful for beginners. There’s absolutely zero doubt that their daily analysis is extremely beneficial for traders of all kinds, and their straightforward platform can definitely help traders put their trades easily and rapidly. An additional interesting point is that even though some of the leading binary brokers provide all assets including those that aren’t available, OptionRally has a system that removes the assets that aren’t available for trade during their off hours, so that traders don’t get confused by the irrelevant options.