A Review of FinRally’s Binary Options Brokerage System
We carried out an assessment of Finrally based on some of the most common parameters traders use in choosing a brokerage to trade with. As a result, our ratings have been provided based on the following metrics: software, bonuses and promotions, customer support, as well as options trading types available. The ratings are given on a scale of 1 – 100, as indicated below:
- » Software: 80/100
- » Bonuses and promotions: 80/100
- » Customer Support: 90/100
- » Options Choice: 80/100
Finrally has managed to implement a well-responsive trading platform that is simple and straightforward. Even novices will find the set-up easy to navigate and manage trades. Also, the smooth, no-nonsense software offers myriads of trading features such as Double Up, Rollover, and Sell option (which is used for early closure of trades in the money). This is why a score of 80/100 has been applied.
On bonuses and promotions, Finrally offers excellent rewards programs and some of the best bonuses in the industry, depending on which account type is operated by the trader. For helping traders maintain a very healthy profit profile, Finrally scores 80/100 for bonuses.
Finrally offers excellent customer support services to clients, which is evident by the number of channels through which the company can be contacted. And unlike other brokerage firms where you will have to scroll all the way down to the bottom before you can find the “Contact Us” link, Finrally’s customer support contact number is placed at the top left-hand side of the site to make it easy for anyone to contact the company. The ease with which the customer support personnel can be contacted as well as their careful and respectful approach to dealing with client complaints, bring a score of 90/100 to Finrally. Finally, Finrally provides trades a wide range of trading options to offer them maximum flexibility in the trading arena. Their products list is loaded with some of the most in-demand assets to offer traders a truly diversified trading portfolio. We assign a score of 80/100 here.
Finrally is a new broker that specializes in CFDs and binary options. Despite only recently venturing into the financial industry, Finrally has managed to break into a saturated market by plugging the gaps that its competitors did not know existed. This review provides information about the strategies that the company has adopted to help ensure that it succeeds in a highly competitive marketplace.
Finrally is a new entrant into the binary options industry, having been launched in 2014. The firm is owned and controlled by Suomen Kerran LP, an affiliate of Vanuatu-based company, Finance group Corp (FGC). The Finance Group Corp operates from London, while Suomen Karren operates from Scotland. The company is an offshoot of Finpari. Finrally acquired its regulatory licenses from the Vanuatu Financial Services Commission (VFSC) and devotes itself to providing binary options trading services and other financial services.
Finrally provides a broad range of financial instruments that cover almost all the major financial markets. Traders on their platform can deal in over 100 tradable assets in different markets across the globe. The assets are as presented below:
HSBC Holdings (UK)
Tata Motors (India)
Coca Cola (US)
Johnson & Johnson
JP Morgan Chase
Las Vegas Sands
British American T
Alphabet Inc C (Google)
|Oil (light sweet crude)
|S&P 500 (US)
DOW Jones (US)
FTSE 100 (UK)
ISE 30 (ISTANBUL STOCK EXCHANGE)
MSM 30 (OMAN)
RTS (RUSSIAN TRADING SYSTEM)
DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX)
TADAWUL (SAUDI STOCK EXCHANGE)
KUWAIT (KUWAIT GENERAL INDEX)
SSE180 (SHANGHAI STOCK EXCHANGE)
NIKKEI 225 (JAPAN)
MICEX 10 (MOSCOW INTERBANK EXCHANGE)
HANG SENG (HONG KONG)
FAZ-SHORT BANKS (ETF)
Hang Seng F-SEP16
Bonuses & VIP Programs
As stated earlier, Finrally offers varying bonuses depending on the account type being operated.
- » Traders who operate a Bronze Account, which is the basic account type, are eligible for bonuses upwards of 20% in addition to a trading course that comprises a book, video, as well as a demo account. Clients who prefer this account will receive a free gift alongside the match deposit bonus.
- » Silver Account subscribers receive upwards of 50% in bonuses in addition to all other benefits enjoyed by Bronze Account owners, plus first three risk-free trades and trading protection and a masterclass web session.
- » The Gold Account type, which is the top-end trading account, doles out all the rewards that accrue to Bronze and Silver account owners along with 100% match deposit bonus and a personalized account manager to assist users with their trading requirements.
Finrally has earned a reputation as the go-to platform for the millennials due to its modern and responsive mobile trading platform which offers everything a trader could need. The application’s interface has been carefully designed to offer a complete trading experience to the user and works flawlessly on several mobile devices that are powered by Android or iOS. The mobile trading platform is available for download on the Google Play Store and Apple App Store.
Deposits and Withdrawals
Finrally has established itself as a top-tier broker due to its one-hour withdrawal service. The company processes withdrawals within an hour on all account types, allowing traders access to their funds in a swift and effective manner. Its deposit and withdrawal services are accessible on the following outlets:
- » Credit/Debit Cards. Finrally allows the use of card brands such as VISA and MasterCard on their platform.
- » E-Wallets. Finrally customers can conduct transactions on the network using digital wallet options like PayPal, Skrill, Webmoney, and Neteller, among others.
- » Wire Transfer. Clients who want to conduct fast transactions on the platform can deposit or receive funds via bank transfers. The method is fast and convenient for traders who are looking for a safer way of sending funds.
FInrally offers top-level customer support services to its customers. The customer support personnel at Finrally are patient when you contact them stumped and frustrated and have the ability to really listen to your complaints. Their great communication skills need not be questioned, as they relay clearly to clients and leave nothing to doubt. You can contact them through the following customer support channels:
- » Through email at firstname.lastname@example.org.
- » Traders can use the live chat feature at www.finrally.com
- » Phone: +442038088047.
- » Clients can contact Finrally through live video.
All customer support channels are available 24/7.
Extra Features and Resources
Finrally offers a wide range of extra features and resources. These include:
- » Finrally offers a resourceful education center that is armed with many tools aimed at enlightening the trader.
- » Traders are entitled to a demo account regardless of account type.
- » Finrally offers traders binary options features such as Sell, Double Up, and Rollover, all of which have been engineered to help traders to earn more money, provided they are used correctly. The Sell feature enables a trader to sell an open trade to their broker so as to cut losses or take out early profits, while the Double Up feature lets you replicate a position that seems profitable. The Rollover functionality helps make it possible for you to extend an open trade. It does this by pushing an open trade into the next matching expiry period.
- » Finrally offers traders match deposit bonuses.
Finrally is trying to push the boundaries of binary options trading to areas where earlier brokers thought could never be accessible. They offer useful and effective features that work. The pros and cons of the trading platform consist of:
- » Finrally offers traders the choice of trading some of the most tradable financial instruments in the industry.
- » Traders are sure of using a solid and reliable binary options trading platform.
- » The bonuses offered by Finrally are among the best in the industry.
- » Finrally processes withdrawals within an hour, which makes it one of the fastest.
- » High payout.
- » Great customer interactive tools such as live video and live chat.
- » Traders cannot access the demo account until they have made a deposit.
- » High deposit requirements may turn away potential clients.
Some of the frequently asked questions that traders ask about the Finrally platform include:
Are my funds protected?
Finrally offers a good level of protection for clients’ investments. So, yes, your funds are protected.
Is Finrally a scam?
No, Finrally is not a scam. The company is a reliable broker with exciting offers that work like they should.
What are the payouts?
Finrally payouts reach a maximum of 90 percent. However, the average return on investment (ROI) is around 75 percent.