Is OptioRally a Scam?

Last updated: December 13, 2016

Summary

Is OptionRally Broker To Trust Or a Scam To Avoid?
Find Out in This 100% Detailed OptionRally Review.
Complaints, Withdrawals, Bonus Policy –
Full Scam Investigation Results – See Below!

Read Full Review

Details

Broker OptioRally
Website URL www.optionrally.com
Address Level 5, 7 & 8, Two Exchange Square,8 Connaught Place, Central, Hong Kong
Support Number +852 39733738
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $250
Minimum Trade Amount $25
Payout 81%
Free Demo Account Open Demo
Account Types Mini, Standard, Executive, VIP club, Islamic
Deposit & Withdrawal Methods Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers)
Number of Assets 60+
Account Currency USD, EUR, GBP
Overall Score 5.5/10

Full Review

Alternatively see our Porter Finance SCAM Investigation

OptionRally is a new broker, created only three years ago, in 2011. Their headquarters are situated in Cyprus, like most other brokers’ and they claim to be the first binary options broker to introduce the Iphone and Android mobile binary options trading apps.

However, they are based on a regular Spotoption platform—entirely web-based and does not require any additional software downloading, which we no longer consider a competitive advantage, but an industry standard.

optionrally trading platform

An upside to this broker are their education section and their asset list. As an OptionRally client you can invest in over 100 different assets which is pretty decent. Their education section is pretty thorough, you can find videos, e-books, webinars that come with a calendar so that you can choose the most convenient one for you. They also have an extensive glossary so novice traders can be well prepared for whatever comes during their trading experience.

The average payout for a winning trade is about 78% and you will get a 10% tops return if your options expires out-of-the-money. These numbers are, again, pretty much up to the industries standard, but nothing impressive.

OptionRally Withdrawals

The minimum withdrawal amount is $100. You can do that the regular ways—bank transfer, Moneybookers, credit card withdrawal. They say it takes about 48 hours for the money to process for a credit card withdrawal, which is pretty unrealistic. Sometimes they take up to a week. A wire transfer takes about 9 business days.

Before withdrawing you need to provide OptionRally with proof if identity and address. So basically you need to give them copies of an ID or driver’s license, utility bill and credit card if you are withdrawing via credit card.

OptionRally Complaints

We did find some complaints online which mostly had to do with slower than promised withdrawals and “bonuses that tie you up.”

First off, the withdrawal issue we get—brokers are known to exaggerate a bit when it comes to how long it takes to process money. Every trader has had been annoyed with something like this at least once or twice. It is frustrating, yes, and most often it is the broker’s fault, but this is why you have customer support. Pester them until you get what you have bargained for!

Second, the “they tie me up with their bonuses” is something that is entirely your fault. We always advice traders to read the terms and conditions before accepting or depositing any money! Brokers are obliged to mention how many times you need to trade the bonuses amount in order to be able to withdraw it and OptionRally makes no exception.

Is OptionRally Legit?

OptionRally is not a CySec regulated broker. They do have a SSL encryption, which is the bare minimum when it comes to the safety of your funds, to be honest.

OptionRally Bonuses

To avoid future misunderstandings and rants, we will let you know here that when you receive your welcome bonus you need to trade its amount 30 times before being able to cash out.

That’s right, you do get welcome bonuses with OptionRally. They depend on the type of account you choose to open. The highest you can go is 30% if you open a VIP Club account. You get further bonuses for redeposit. The highest you can get is 15%, again, if you are a VIP Club account holder.

Just keep in mind that the more bonuses you get the number of trades you need to make before withdrawing it also increases! If you are not up for that, we advise you to decline the bonus.

If you do not want to be engaged with executing an insane amount of trades before getting your promised bonus you can always take advantage of OptionRally’s affiliate program. With some companies www.cashbackbinaryoptions.com you can get up to $120 cash, straight to your PayPal account.

OptionRally Review

At Is-Scam we touch upon the main specifics that make clients worry in the security of their funds when choosing a broker. Naturally, in our attempt to pin point troubling areas, we omit some of the generic traits of a broker like minimum deposits and types of trading options.

7 Responses to “Is OptionRally a Scam?”

  1. I would like my deposit of $250USD transferred back to my credit card ending in 6869 that was deposited 2 November 2015.

    No trades have occurred and there has been little contact with your traders.

    I do not want to speak to anybody I just want the money refunded and I do not have the information regarding my account number, I just want this to be finalised.

    K Day

  2. josephine musumeci May 1, 2016 at 6:55 am

    I’m trying to communicate with Option Rally to get my deposit of 250 us dollars back.
    I paid it then they tried to get me to deposit 5000 but I didn’t want to do that. Now they haven’t even replied to my emails to get my money back. I highly recommend you don’t give this company your money…

  3. Option Rally is not worth dealing with.
    They refuse to answer my legitimate emails to their various departments. The Broker has outright lied to me, and will not make contact ever since I requested my funds be withdrawn.
    He has cancelled my withdrawal request.
    LEAVE THESE GUYS WELL ALONE.

  4. Tony Clarke June 6, 2016 at 2:55 pm

    You are right, they are ‘tight’ about paying out so you have to make a nuisance of your self to hasten your repayment.
    Here’s a tip – they’ve applied for CYsec recognition so any negatives filed with Cysec goes against their being approved.
    Lack of theis recognition is hampering their progress so they’ve started to lie and say they are regulated. That’s naughty!!

  5. Guy hewson June 6, 2016 at 9:35 pm

    Disrupt trading.com claim they can make you $ 150’000 dollars in ten days using their software.
    It sounds to good to be true, are these a scam, I really need your expert advice , bcos I am seriously thinking of signing up with them,

    Can you advise me and other wary. Punters? Please!

  6. i have invested large amount of money at optionrally and i cant withdraw it. theyare not responding to me.it is scam
    any help would be really appreciated

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