OptionRally was a binary options broker that is no longer in business.
They were owned by Optionrally Financial Services Ltd, and located at: Zavos Kriel Court, 1 Griva Digeni Street #201, Limassol, Cyprus. Their phone numbers are: South Africa: +27 10 500 1844 and United Kingdom: +44 203 608 0253.
For complaints and withdrawal problems read this.
OptionRally uses the popular SpotOption (LiveTrader) trading platform which many brokers use. They are an innovator when it comes to mobile binary options trading. They were the first broker to create a mobile trading app for both iPhone and Android. As with other brokers using the SpotOption platform, they offer their traders regular binary options, high speed options, ladder options and pairs. OptionRally’s website is available in English, Chinese, Russian, Japanese, Turkish, and Arabic.
Returns on the $EUR/USD binary option is 81%. The minimum deposit for new accounts is only $250.
License & Regulation
When the Scam Broker Investigator reviews binary option brokers to determine if they are a legit broker or a scam broker we use a simple test. Does the broker hold a license and are they regulated by CySEC in Cyprus? Do they fall under the MIFId regulatory rules in the European Union (EU)?
One of the benefits of using a regulated broker is that if the trader has a problem, they can always complain to CySEC. OptionRally.EU is a broker regulated and licensed by the CySEC in Cyprus, license number 220/13. They were granted a licensed on November 7th, 2013.
OptionRally.com which is the broker outside of Europe, is owned by TCM Investments Ltd, is not a licensed broker. There are now more than 20 licensed brokers to choose from, see the list.