OptionRally Review – Is it scam or legit

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

OptionRally.com Review

SCAM CONFIRMATION

February 2020: There is are four FPA Traders Court Guilty verdicts against OptionRally. The FPA considers these to be more reasons not to do business with this company. The FPA now considers OptionRally to be a confirmed scam.

SCAM CONFIRMATION

March 2020: The FPA is still waiting to hear from OptionRally’s Legal Department. We’d like to know how placing trades on a suspicious account would prove that no AML laws are being violated. We’d like to know what would happen if a real money launderer opened an account and placed a few trades.

Until this is cleared up by OptionRally’s CEO, the FPA strongly recommends AGAINST depositing any money with OptionRally under any circumstances. If you have any funds with OptionRally, the FPA recommends withdrawing them as soon as possible.

August 2020 WARNING 2 : An OptionRally employee has posted a claim that AML laws force all clients to make trades. He says that if a client makes a deposit and decides not to trade, AML laws prohibit the OptionRally from processing a withdrawal request until some trading is done.

The employee declined to answer questions about this claimed law.

The FPA does not know of any legitmate broker having such a requirement or any AML law requiring a client to place trades before a withdrawal is placed.

The trader initially gave into demands to allow an OptionRally employee to place trades in the account. He then reports that he changed his mind and told OptionRally to place no trades in the account. Trading proceeded against the client’s wishes and $400 was lost.

This loss of money appears to have been the equivalent of a successful AML investigation. The remainder of the account was refunded. Based on the words and actions of OptionRally, it appears that allowing an employee to place losing trades is required to prove that money laundering is not happening. The FPA is left to wonder what OptionRally would do in a real case of money laundering.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

The only good news out of this incident is a report that OptionRally also refunded the loss.

UPDATE: The client later reported an unauthorized charge against his credit card by OptionRally. The company so far has refused to pay back the money.

August 2020 WARNING 1 : An OptionRally employee posted in 2 separate threads in the Scam Alerts folder while pretending to be a satisfied customer of Option Rally. You can see these incidents HERE and HERE.

The FPA considers this sort of action to be extremely unethical. Until this issue is resolved, the FPA recommends AGAINST doing business with OptionRally.

The FPA requests that the CEO of OptionRally contact us to discuss how to resolve this incident.

OptionRally

Overview

OptionRally has a consumer rating of 3.33 stars from 9 reviews indicating that most consumers are generally satisfied with their purchases. OptionRally also ranks 56th among Option Trading sites. The most common issues with OptionRally are around customer service, which is not as good as expected by some customers.

“Funds recovery”

In August 2020 I made a deposit of 21,000 to the online broker binary online. The deposit was made via credit card as well as bank transfer. I quickly got contacted by the broker in order for trading tips and further investments. Rarely trading on the platform, I tried to get to know what’s behind all this. After a while, I figured out that the selling tactics got even more aggressive. after a bit research on the Internet I found out that the broker is a scam. furthermore, the number of salespeople increased. In September 2020 I contacted a lawyer in Germany, specialized on binary options fraud. Having paid over 3200 (1600 for each case) to the lawyer with no result after one year of time, I am really devastated what to do. I have ended the cooperation with the lawyer, searching for new advice with lawyers, as well as in social media. The broker still contacts me today in order to pursue trading activities from my side. For over 10 months, I’m not answering to phone calls, which was told me by my lawyer to do. I can still log into my account, but that has nothing to say. Most shockingly, my lawyer did not hint to a chargeback, which can be done up to four months after depositing to a particular account. And I came across a colleague that introduced me to a binary options trade funds recovery expert who goes by the name Mr bogdan sovar when i met him and I give him a try and it work ..adress:[email protected]

“I got my money back”

This company approached me through its account Manager and offered to trade on my behalf , I started with deposit of 5550 USD and she showed some good results and then I was offered some VIP treatment and asked me deposit some more funds then I added 20000 USD and later 15000 USD more.All pf a sudden they stopped communicating with me when i asked for withdrawal. Thanks to [email protected] financier,com a financial cryptographer that assisted me getting back my funds.

Reviews (9)

I was contacted by email about a software program that could help me make all the complicated choices to make money doing trading online. I entered my email address and within seconds got a call from a trading company.

The lady on the phone said there was a minimum deposit of $300 to start trading, so I opened a trading account and used my credit card to deposit the $300. She told me a broker would get in contact with me.

Then she called back about an hour later and said she said that she was speaking with the bonus department and if I deposited another $400 they would give me a $300 bonus. This would give me the required amount of $1000 dollars to have access to a broker. If I ever needed the funds all I needed to do was make a withdrawal request and my money would be put back on my card within 48 hours.

So I gave the ok to make the extra $400 deposit over the telephone. It did not go through. I thought it was because my card was maxed out, so I called my credit company and they said there were a couple of suspicious charge atempts. I told her that I was working with this company so she let the charge go through. When I asked her why the second charge was suspicious but the first one was ok, she told me there had been a few attempts for different amounts (some higher) that I had not discussed with optionrally.

This kind of worried me, so I asked the lady on the phone what was going on and she just explained it away as the bonus department was trying different amounts becaused the charge did not go through. I thought well. ok.

So after 3 days, I get a call from the broker to introduce himself and give me instructions on sending id for the compliance department and to watch some videos for training so I would be ready to trade next call. He was abrupt, cut me off, told me how busy they are and to make sure I was always curteous of the time for our appointments.

Next call he was 40 minutes late and ordering me to make small trades to get a feel for it. Then we will get together in 2 days to get more instructions. I was not comfortable to make trades because he did not answer my questions because he was in a hurry from being late, for his next appointment.

The next call he gave me raised voice questions why I didn’t trade. it’s supposed to help with my inexperience and fear. wont make money if I dont do it. etc. So the next day I did a couple lost one, won one.

Then he calls me up and gives me instructions how the market is volatile because of Russia and I should trade this way for short trades and that way for long trades until the end of the month. I said that will end my money if I lose. He said I shouldn’t because the market is correcting itself and this is the way everyone is trading, plus with my short wins I can carry on the next day with more short trades. I don’t know why, but I did what he said. and losts every single trade! No more phone calls since.

I have had a couple of emails declining my withdrawal requests because. exact words. The reason for this cancellation is that you are trying to withdraw a bonus that did not reach its turnover. So apparently, even if I wised up to this scam earlier I was never getting my money back. I never did hear anything about the software either!

OptionRally

OptionRally Review

OptionRally is not a new broker operating on the financial market. It aims to provide first class trading experience. But is OptionRally a good choice for trading binary options or it is a Scam?

Our experts tried to gather more information about OptionRally and it turns out that it is not ranking highly.

Due to these facts the Top10BinarySignal team advise you to OR choose from the approved Top Safe Binary Options Brokers listed in the table:

People also search for:

OptionRally Review

OptionRally was founded in 2020 and their main offices are in Hong Kong. They are in fact the first brokers to have introduced binary trading apps for Android and iPhone users. Traders don’t need to download software to start trading. Their trading platform is web based, but this has become an industry standard these days. One of the good things about this broker is that they offer a huge selection of assets to be traded and they also have an education section on their website.

But, it has come to our attention that OptionRally is not regulated and for this reason we cannot say for sure that it is a legit broker or not. Our advice is to seek a binary options trading company that is regulated and licensed.

OptionRally Scam

Before you sign up with OptionRally, keep in mind that the broker is not regulated. They have a SSL encryption, but this is the minimum security any broker can provide to traders to keep their funds safe. We cannot say whether the broker is legit or not, but it is important that you use caution when considering them for binary options trading. The broker you choose must be regulated and licensed so you are confident that your money is in safe hands.

OptionRally Withdrawal Methods

The methods of withdrawal, offered by OptionRally, include Moneybookers, wire transfer and credit cards. Although they state that withdrawals to credit cards take about 48 hours, this is very unrealistic because sometimes they take up to a week. For wire transfers, it can take up to 9 days. The minimum amount that you must have in your account to make a withdrawal request is $100.

OptionRally Demo Account

Demo accounts help traders become familiar with the trading platform. Trading using a demo account is very important in order to understand the features and to find out whether the broker is the right choice or not. At OptionRally, users don’t have access to demo trading which is quite unfortunate. In our experience, demo trading is essential for success and therefore every trader should choose a platform where they can demo trade before risking their money.

OptionRally Promotions and Bonuses

To avoid misunderstanding, we would like to tell you that in order to receive your bonuses at OptionRally, you must trade 30 times the amount of the bonus to be able to cash out. There are welcome bonuses for new traders and the amount usually depends on the type of account you have. But, the highest you can get is 30% if you have a VIP account. There are also possibilities to get further bonuses when you make more deposits. For VIP accounts, bonuses on redeposit is 15%. As a trader, you must keep in mind that to qualify for more bonuses, you must make more trades before you can actually make a withdrawal. For new traders, our advice is to read the bonus terms and conditions of OptionRally before signing up for an account.

OptionRally Complaints

As we searched for more information about OptionRally, we found that there are several complaints about the broker on the internet. Most of these complaints are from unhappy traders who have had problems with slow withdrawals. Another common complaint was related to bonuses and promotions and how they can tie traders up and prevent them from making withdrawals. It is quite disappointing to see so many complaints concerning withdrawals, customer support, bonuses and pricing. This is truly not a good sign. The best thing you can do before you sign up is do more research and look for a broker that is at least CySEC regulated.

Conclusion

After our expert investigation we independently tested all the services and features that OptionRally offers to its traders. We have given you the most important information about OptionRally and the general conclusion is that there are definitely more reputed brokers than this one with higher overall score.

We cannot confirm you that OptionRally is a scam, but neither can we guarantee you its safety nor legitimacy.

We are making continuous research to find out the most legitimate and trustworthy Forex Brokers – all approved to be safe and reliable. We recommend you to Proceed to Safety or to Choose a High-Rated Broker on Top10BinarySignals.com

Or Select Another Broker From Our List

We cannot confirm that OptionRally is a scam, but neither can we guarantee its safety nor legitimacy.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Like this post? Please share to your friends:
How To Start Binary Options Trading 2020
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: