FinRally is a new binary options and CFD broker fresh on the market, launched just earlier this year. Their website comprises a pleasant layout with a race car rally theme and offers an attractive range of bonuses and benefits.
Read our full review to discover if FinRally is the right broker for your trading needs.
The minimum deposit amount is $250. Traders may also request a first deposit bonus of up to 100% (minimum deposit of $3000+)
FinRally offers traders 3 types of accounts;
Bronze Account
Silver Account –
Gold Account
The broker also offers Fixed Income Accounts, with a minimum deposit of $500 and a pre-defined rate of return; invested funds are managed by the broker’s trading department.
FinRally also holds tournaments each week, in which participating traders can win up to $20,000 in prizes.
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FinRally implemented the well-renowned SpotOption trading software for their platform. This is a huge benefit, as it means that most traders will already be familiar with the set-up.
Traders can manage their trades by using the handy features like Sell, Double Up and Rollover.
The broker offers a wide variety of asset types, ranging from popular currency pairings to less common commodities (Sugar) and indices.
Option types available include Classic, One touch, 60 Seconds, Long-term, Ladder, Pairs and SpotFollow, which allows for social trading, where traders can follow leading traders’ actions and copy them. As a follower, traders can follow up to 5 leaders and either all or any of their assets.
The Trader’s Choice feature allows traders to view the current percentage of investors who placed trades as Put or Call.
The FinRally trading platform is also accessible from mobile devices as there is a free app available for download for both Android and Apple. The app allows for instant execution of trades and displays live charts of all CFDs available. Traders may also view their complete trade history.
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The FinRally website is available in a total of 6 languages;
and international customer phone support is available in 5 of these languages.
The live chat feature is quite useful as traders can get replies to their questions within a few minutes by communicating with a live agent. They also provide a generic form which traders can submit if they prefer.
We found the FAQ section to be surprisingly detailed; it comprises 5 different sections (Offers, My Account, Trading, How to Begin & Security) and traders should definitely be able to find the answers to most common questions when trading with this broker.
The FinRally Education Centre offers a simple yet informative info graph on how to trade on the FinRally platform as well as several video tutorials which provide more detailed explanations of trading strategies, for binary options as well as CFDs too.
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Traders may fund their FinRally account by credit card (VISA/MasterCard), UnionPay, Alipay, JCB, Wire transfer, as well as several e-wallet methods, namely. WebMoney, QIWI, OKPay, Bitcoin, PerfectMoney, Neteller or PayPal. Offering Bitcoin as a payment method is quite a novelty we haven’t seen with many brokers before. Once payment confirmation is received by the broker, funds should be made available for trading instantly.
FinRally claims to be regulated broker, but there is no clear evidence of this regulation anywhere on their website.
The minimum withdrawal amount is $50 and FinRally specifically “guarantees withdrawals within 1 hour”, provided that customers have submitted all verification documents. This is a strong promise to make and when looking into it, we found that withdrawals come with certain conditions; in order to be eligible to make a withdrawal, traders must first make 100% turnover on their deposit or 300% turnover if they received a bonus.
The broker is owned by Affort Projects S.A, with offices in the Seychelles and operated by Finance Group Corp, licensed and located in Vanuatu.
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