Finrally is a binary option and CFD brokerage which is apparently an offshoot of Finpari. What Finrally brings to the table above and beyond Finpari’s offer, are a number of new features and a smooth, no-nonsense platform, available to everybody.
At the time of writing this review, by the way, Finrally is highly popular in Denmark, the US, Norway, Brazil and Saudi Arabia.
The corporate entity behind Finrally is Affort Projects S.A. with its offices located at 309 Premier Building, Albert Street, Victoria Mahe, Seychelles. There are no fewer than 5 phone numbers available for contact and support purposes, covering much of the globe. The UK number is +442038088047 and there are such numbers available in Russia (+7-499-7033774), Canada (+18299548392) and Japan (081-855-7055) too. There’s an email form available for support as well as an email address: email@example.com.
The advantages offered by Finrally are numerous. According to their official site, they feature guaranteed withdrawals within the hour, the possibility to trade over the weekends and 24/7 customer support. Apparently, they process some 10,000 trades every day. The payout rates are in the 75-95% range and let’s not forget that everyone can trade at Finrally, meaning that the brokerage accepts traders from every country in the world. This is a feat that’s quite unparalleled in the trading industry today. With the whole world as their potential client, Finrally have made sure to cover as wide a range of deposit and withdrawal methods as possible. They also offer a trading feature, where an in-house expert guides beginners along. It has to be noted though that this feature doesn’t make much sense as far as binary options are concerned, as it entails an irreconcilable conflict of interest.
A number of generous trading bonuses are featured. The minimum required deposit is $250, which earns a 20% bonus. The maximum match percentage on the deposit can go as high as 100%.
Finrally currently offer binary options and CFDs (Contracts For Difference). Both financial instruments are based on the prediction of asset-price evolution. While in the case of binary options, the profits and losses are fixed, with CFDs, the actual amount of asset-price gain or loss matters too.
Finrally apparently use the same trading platform for binary options and CFDs. They have made it available in several versions though, to cover mobile compatibility. The bread and butter of the Finrally platform selection is the web trader. The web trader is a no-download piece of software, which works wherever one happens upon an internet connection. Its user interface will not win any beauty contests, but it handles everything it is supposed to. It is also quite self-explanatory. All traders have to do is to select the asset they intend to trade, to view the chart which showcases the price-evolution of the said asset, and to draw their conclusions regarding the direction in which the asset is likely to head.
The web trader features a handy “traders’ choice” option, which gives traders a clue about how other people are trading the given asset. Entering the investment amount and choosing the direction of the prediction are the last moves to make before the launching of the trade.
The Android version of the platform look and act the same as the web trader, for all intents and purposes. They are designed to allow people to trade on the move, and to that end, they offer a number of added benefits. They support instant trade execution and they show live charts for all the available CFDs. Trading histories can be viewed through the mobile apps too, all while using the same login credentials as with the web trader. Obviously, the mobile apps can be downloaded for free.
All the above-discussed platforms support regular CFD trading. In addition to that, 60-second and One-touch trades are supported as well.
Finrally Account Types
Account type-wise, Finrally seem to aim to keep things as simple as possible. They currently only feature three accounts: Bronze, Silver and Gold, of which – according to the official site – Silver is the most popular.
The Bronze account is clearly geared towards beginners. Requiring a minimum deposit of just $250, it gives traders a 20% bonus. In addition to that, Bronze traders will also gain access to a demo account and a trading course consisting of a video and a book. 1-hour withdrawals are allegedly available for traders on this tier too.
The Silver account – advertised as the most popular – requires a minimum deposit of $1,000. It offers a 50% match bonus, and – in addition to everything the Bronze account offers – it provides access to a master class (through a web session). It also offers three risk-free trades.
The Gold account is at the top of the Finrally account system, and it requires a minimum deposit of $3,000. The bonus amount offered to those who qualify for this account-tier, is an impressive 100%. Besides everything that the Silver account delivers, the Gold account also offers a Swiss prepaid card and a personal account manager. As far as we’re concerned, the value in this account manager deal isn’t all its made out to be…The manager will likely hold the interests of the brokerage more important than those of the trader he/she is supposed to assist.
All the above said bonuses need to be confirmed manually. If a bonus is confirmed by mistake, traders have 3 days to notify Finrally support and to have it rescinded.
Bonuses need to be redeemed. Finrally are rather tight-lipped about exactly what redemption requirements there are associated with the bonus.
BinBot Pro – Auto Trading Software
BinBot Pro is a binary option auto-trading service established in 2016. What it essentially does is to analyze past price trends of various assets and determine how likely it is for a certain trend to come up again, using various advanced technical indicators. The trading robot then places a trade in the profitable direction. All this happens without any direct input from the trader. As far as one can tell, BinBot Pro is based exclusively on technical analysis. There are several different algorithms available, like the Scanner, Rising East v1.2 and the Bolly Band Bounce – based on the Bollinger bands. Obviously though – as impressive as some of these technical indicators are – we always consider a combination of technical and fundamental analysis to work best for profitable trading.
BinBot Pro is only available with two brokers: Finrally and BinaryMate. Joining BinBot Pro is as easy as logging on to its official site, binbotpro.com, and clicking the registration button. After filling in some personal information, one is asked to choose between Finrally and BinaryMate. Funding the account is next, after which the client needs to choose from the 10 available trading bots.
BinBot Pro is entirely web-based and it doesn’t require any downloading.
The Finrally Customer support can be reached through a selection of international phone numbers (as specified in the introduction of this review), through an email form, or through firstname.lastname@example.org. The site features live chat support too.
The deposit and withdrawal methods supported by Finrally cover VISA, VISA Debit, Mastercard, Bitcoin, Maestro, Skrill, Neteller, WebMoney, Qiwi, and of course wire transfer.
Finrally Review Conclusion
Finrally may have some negative reviews out there, but the truth is that from our experience, these guys pay. Some withdrawals may be delayed, and the 1 hour withdrawal deal may be little more than wishful thinking, but eventually, we always got our funds.
For those of you who enjoy using auto traders, you may open an account with Finrally via the BinBot Pro binary options auto trader.
What’s your review of Finrally? Leave a comment below and let us know!
Read additional objective binary options broker reviews on our Binary Options Brokers page.