Finrally Review

Summary

We rated the bonus section an astonishing 95/100 since Finrally offers matching style bonuses to its members, as well as contests and tournaments for extra winnings. For the trading software, it rated a high score of 90/100 because of the sophistication of the platform. Customer support earned a relatively high score due to its 24/7 availability and languages offered. As for the option choice, it also scored a high score due to the extent of choices offered by Finrally.

Finrally is a fairly new binary options and CFD broker that has already become known as a trustworthy and viable option for traders around the world. They offer traders a high-quality experience through their competent services and platform. The brokerage is based in Scotland, but is under UK law authority. The company is not regulated by any financial authorities, but has thus far proven to be reliable and trustworthy in providing their services. Traders from all over the world can benefit from using this platform including US traders. These days there are not many firms as accepting as Finrally.

 

Company information

Finrally was only recently established in 2014, and is known as a Scotland based brokerage. However, their headquarters are located in Seychelles at 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles. The company falls under Scottish jurisdiction; therefore, it’s registered in Scotland as Leorna Impex SA and Norske Inter LP with company no. SL20287. The company is not regulated by any major financial regulatory authorities and holds no financial licences. Generally, this is something to be wary about, and traders are advised to choose only licensed and regulated companies to deal with. However, Finrally is known to be a trustworthy and reliable firm to trade with, offering a high level of service to their clients.

 

Trading Platforms

 

Finrally exceled at providing their traders with a top of the line trading platform. The platform features the infamous SpotOption trading software which is very beneficial as most traders are familiar with the software. The platform comes equipped with all the best features a trader needs such as Sell, Double Up and Rollover. As well, there is a “Traders Choice” feature which allows traders to view the current percentage of trades placed as put or call. But the most impressive feature of all may be the SpotFollow feature, which essentially allows traders to copy the moves of other traders. There are numerous other features involved with this designed to make the copy process as smooth and informed as possible. The interface is very user friendly and there are various charting and analysis tools for making decisions.

The platform is also web based, meaning traders are not required to download any software and can use the platform from numerous devices anytime, anywhere. The platform operates 24/7 allowing traders to place trades at any time of the day.

 

Mobile

 

The Finrally platform is also mobile responsive operating on Apple and Android devices such as phones and tablets. You can download apps from both Apple’s App Store or the Google Play store. The applications come equipped with all the features one would need including: Regular CFD Trading, 60 Seconds, One Touch, My Account, and My Portfolio. With the app, traders can reap the benefits of trading on the go with instant execution of trades, live chart analysis, and full access to your trade history. As well, the application is free to download and very responsive with frequent updates.

 

Assets available

Finrally offers customers a large variety of assets over 4 major classes; stocks, currencies, indices, and commodities. With these categories, there are over 150 assets to choose from which are available to trade 24 hrs a day, 7 days a week. As well, traders benefit from a wide variety of binary options types to choose from, including pairs, long term, one touch, sixty seconds, ladder options and the impressive SpotFollow option. SpotFollow allows traders to follow and copy the trades of leading traders. Followers can follow up to 5 leading traders and have the option to copy all or a select few of their assets. All in all, the amount of assets and availability to trade on Finrally is quite impressive compared to many other leading binary options brokers.

 

Fees and Payouts

Trading on the Finrally platform can be quite profitable for experienced traders, offering payouts ranging from 75% – 95% on options. Of course, it depends on the asset and option class chosen to invest in, with higher risk options and trades providing the highest payouts. There is no shortage of assets and options for traders to choose from as well, allowing them to somewhat control their risk level and payouts.

As for the cost to use this lucrative trading platform, there are none. It is completely free with no fees for opening and holding an account. However, a trader may incur fees in certain instances. For example, it costs $50 for wire transfers, and there can be a hefty 20% fee if you withdraw without meeting turnover requirements.

 

Bonuses & Account Types

Finrally offers 3 types of trading accounts, Bronze, Silver, and Gold accounts. As well, there is a Demo account equipped with virtual money used to familiarize yourself with trading on the platform.

 

Bronze Account features:

• Withdrawals in 1 hour
• $250 deposit = Bonus +20%
• Trading course (book and video)
• Demo account

 

Silver Account features:

• Withdrawals in 1 hour
• $1000 deposit = Bonus +50%
• Trading course (book and video)
• Demo account
• Master class (web session)
• First 3 risk free trades*

 

Gold Account features:

• Withdrawals in 1 hour
• $3000 deposit = Bonus +100%
• Trading course (book and video)
• Demo account
• Master class (web session)
• First 3 risk free trades*
• Swiss prepaid card
• Individual account manager

 

Apart from the bonuses listed in the features above, Finrally also offers traders fixed income accounts with a pre-defined rate of return. Also, the broker hosts contests and tournaments each week where traders have the chance to win up to $20,000 in prizes.

 

Deposits and withdrawals

Finrally is very diversified when it comes to types of payments accepted for deposits. Traders may fund their accounts with credit cards (VISA, MasterCard, debit), Bank Wire Transfers, and numerous forms of E-Wallets, even including Bitcoin. The minimum deposit amount required to open an account is $250.

As for withdrawals, the same funding methods can be applied and the minimum withdrawal amount is only $50. Finrally guarantees your funds within 1 hour, however, there are some conditions that apply. A trader must first make a 100% turnover on their initial deposit, or a 300% turnover if they received a bonus.

 

Customer support

Finrally’s customer support is available 24 hours a day, 7 days a week. They offer support in a total of 6 languages English, Russian, German, French, Spanish and Thai. However, phone support is offered in just 5 of these languages. Besides the phone support, the company offers 24/7 live chat in all 6 languages as well as a support email. In addition to this the website has a FAQ section with answers to most questions traders might have in 5 different categories.

 

Extra features and resources

A very interesting and useful feature Finrally provides is copy trading. This allows traders to follow and copy the moves of the most successful traders. Most binary options platforms do not actually provide this feature, so it is a nice extra feature for the Finrally platform. Also, the fixed income feature is of interest as well. This feature allows the trader to receive a return of 10% per month, however terms and conditions apply and we advise traders to look into the program carefully.

Finrally also provides their members with an extensive education center on their website. Here, users can find countless video tutorials in numerous categories based on the traders needs. Traders can find both beginner and experienced learning material here.

 

Verdict

All in all, Finrally is a reliable and competent binary options and CFD’s trading brokerage. The company may not be regulated by a well known financial authority, but it has proven to be trustworthy and competent with the services they provide. As well the company provides a large list of assets and options available to trade, with industry standard to high payouts. The extra features and bonuses offered by Finrally are very enticing as well. We must say, Finrally provides high quality service to their clients, and is a trustworthy and competent broker to invest with.

 

Pros

• Guaranteed withdrawals processing within 1 hour
• Non-stop trading, even over weekends
• Wide range of deposit and withdrawal methods
• 100% secured trading with full data protection
• Possibility to trade under experienced trader guidance
• 24/7 customer multilingual support

 

Cons

• Not regulated or licensed

 

 

FAQ

Is Finrally regulated?

No, Finrally is not regulated by any respectable financial authorities.

 

What methods can I use to deposit funds at Finrally?

Deposits can be made through credit/debit cards, bank wire transfer, and various e-wallets including Skrill, Neteller, WebMoney, QIWI, OKPay, Bitcoin, PerfectMoney, or PayPal.

 

Does Finrally accept international traders?

Yes, International traders are accepted from most if not all countries.

 

How long will it take for my withdrawal request to be processed?

Only 1 hour. That is if you have everything set up with all the right documents.

 

Is there a fee for making a withdrawal?

No, unless the withdrawal amount is under $50.

 

What is the minimum initial deposit requirement at Finrally?

The minimum deposit requirement at Finrally is $250.

 

TRADE AT FINRALLY