Finrally is among the newest brands to enter the binary options market. While it’s easy to assume that this is just another brokerage offering the same old regular trading experience, there are a lot of improved and new features that makes them stand out from the rest. Among of which are the wide variety of supported payment systems, no restrictions for USA-based clients, fast processing of withdrawals, 24/7 live video chat support and many more. Interested to know more? Continue reading this article.
Demo Account: Explore in practice mode
You’ll have the opportunity to explore the platform via the free demo account. Using the practice mode, you can execute test trades and see how the system works while keeping the real funds intact.
Account Types: Bronze, Silver and Gold
There are three types of accounts and the welcome bonus that you will receive will be based on the initial amount that you deposited on this account. This may range from 20% up to 100% plus other perks like access to the demo account, trading courses, master class, risk-free trades, trading protection, a Swiss prepaid card and your own account manager.
Platform: With technical improvements
Using an in-house trading platform, they have done a great job in adding a lot major technical improvements. It even comes with charting tools, technical analysis, fundamental analysis, news, trade pattern ideas and an economic calendar.
Mobile Trading: No dedicated apps
As of this writing they do not offer apps for mobile devices although the platform can still be accessed directly on a mobile web browser.
Tradable Assets: Commodities and currencies only
The platform only offers around 30 assets comprising of commodities and currencies. They do not have indices and stocks on their lineup.
Minimum Trade: $10 for every position
Calls and Puts can be executed with a minimum placement of $10. With this amount, you’ll be able to effectively manage your investments.
Payout Rate: On the upper scale
In-the-money trades can generate yields of up to 95%. Such rate is considered to be on the upper scale as other brokers usually offer payouts of up to 80% only.
You can trade Call or Put options and wait for their expiry within the day via this instrument.
If you prefer trading with much shorter expiry times ranging from 1 minute to 30 minutes then the Turbo instrument is recommended for you.
You can also trade binary options with expiry times ranging from 1 day to a few months via this option type.
Deposit and Withdrawal
Minimum Deposit: $250 to get started
You can begin trading with an initial deposit of $250. This is matched with the minimum deposit requirements of other known brokers today.
Deposit Methods: Wide range of options
There are plenty of payment systems that you can utilize to fund your online trading account. You can use Visa, Master Card, Visa Debit, JCB, UnionPay, Neteller, Skrill, Perfect Money, WebMoney, QIWI Wallet, Bitcoin, OKPAY, Alipay and Yandex.Money.
Withdrawal Processing Time: Takes just about 1 hour
It’s a rarity in this industry to find a brokerage that can process withdrawal requests in just an hour and the good news is that Finrally is one of them. They are able to do this for most payment systems with the exception of JCB and UnionPay taking around 6 hours which is still comparatively faster.
Channels: The most common options
If you want to get in touch with the customer service department, you can do so via phone, email or live video chat.
You can reach them anytime because their lines are available 24 hours a day, 7 days a week.
Supported Languages: 6 choices
Currently, their support is available in English, Russian, Spanish, Thai, French and German.
This brokerage has taken customer service to a whole new level by integrating a live video chat console on the platform featuring their hot account managers. This makes it more convenient to get in touch with their support and get immediate answers without the need to make a phone call or write a lengthy email. You have the option to communicate with them via the group chat or request a private chat.
Average User Rating: 9.4
This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.
Platform Design: Improved interface
The interface is an improved version of the standard trading platform that you can see from other brokerages. They made it bigger, faster and have integrated it will all the tools that you will need.
Support: Offers a unique live video chat feature with hot agents
Apart from their fast phone and email support, they also have a live video chat featuring hot agents that makes the conversation more lively and interesting.
Reputation: A USA-friendly broker capable of processing withdrawals in just 1 hour
While this brokerage may still be a new player in the industry, they seem to be off to a good start as they have quickly established a name in the USA binary options market and also for being able to process withdrawals in just an hour.
Editor’s Rating: 94
Finrally has reinvented binary options with its enhanced platform at improved features that makes the trading experience even better. With a high payment processing throughput, diversity of payment systems and unique 24/7 live video chat support, this brokerage is a worthy choice for traders of all levels.