Finrally Review

Finrally is one of the newest brokerages in the binary options market and it seems that they have a lot of promising features. So how do they compare to the rest? Let’s find out in this detailed review:

Advantages
1. Improved in-house advanced platform
2. Wide variety of payment systems supported
3. High payment processing throughput
4. Low minimum trade size
5. Integrated trading tools and resources
6. 24/7 live video chat support with hot managers
Disadvantages
1. Doesn’t offer indices and stocks

 

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(4/5)

Minimum Deposit

They accept an initial minimum account size of $250 and it’s actually the same requirement of the majority of brokerages today for opening a live trading account.

 

Minimum Deposit

EZTrader ($200)
anyoption ($200)
BDSwiss ($100)
24option ($250)

 

(5/5)

Design and Layout

The platform layout is no different from most brokerages today but its advantage is that it maximizes the screen real estate making it bigger and much more convenient to use.

(5/5)

Banking Methods

Placing funds into the account is possible via various credit and debit card brands, Neteller, Skrill, Perfect Money, WebMoney, Qiwi Wallet, OKPay, Alipay and even Bitcoin. Overall, they accept a wide variety of payment systems.

(5/5)

Minimum Trade

For every Call or Put option that you execute, you can place a minimum investment size of $10. With this amount, you’ll have more control over your investments and will be able to manage them well.

 

Minimum Trade

EZTrader ($25)
anyoption ($25)
BDSwiss ($5)
24option ($24)

 

(2/5)

Available Assets

As of this writing they have around 30 assets and this is comprised of currencies and commodities. The downside here is that they do not offer indices and stocks.

 

Available Assets

EZTrader (91)
anyoption (97)
BDSwiss (68)
24option (104)

 

(10/10)

Trading Platform

One of the factors that makes this brokerage different from the rest is that they use an exclusive in-house trading platform which has been improved and brought to a completely new level with major technical improvements. It even comes with charting tools, fundamental analysis, trade pattern ideas, news, technical analysis and an economic calendar.

(10/10)

Quotes

Several tests have been on the platform and the results revealed that the quotes shown were the same with the live market feeds. This is a huge advantage because traders rely on real-time asset prices.

(10/10)

Payout Rate

You can get an maximum investment return of 95% when your option expires in the money. It’s a rarity in this market for a broker to offer such a high payout rate.

 

Payout Rate

EZTrader (81%)
anyoption (75%)
BDSwiss (85%)
24option (88%)

 

(10/10)

Withdrawal Processing Time

If you plan to withdraw the funds from your account, the time it takes to get this request processed may only take around 1 to 6 hours. This is competitively faster since many brokerages take days to accomplish the same task.

 

Withdrawal Processing Time

EZTrader (Up to 7 days)
anyoption (Up to 7 days)
BDSwiss (Up to 7 days)
24option (Up to 3 days)

 

(10/10)

Customer Service

It’s easy to contact their customer service department for assistance. Aside from the standard phone and email support, they also have a 24/7 live video chat support which are handled by their hot managers. Customer service has never been this easy and interesting!

(5/10)

Regulation

Currently, they are not licensed by a financial authority but their policies and terms are actually the same as that of a regulated broker.

(12/15)

Brand Reputation

They may be only new in this business but the sheer amount of good reviews and feedbacks from the binary options market show that they are very promising. In fact they have no country restriction and support clients from all across the globe.

Our verdict (89/100)

Finrally may only be new in the binary options market industry but what they offer are much more improved compared to what other brokerages have in store. The enhanced platform, the fast processing of withdrawals, the variety of supported payment systems and the innovative live video chat are just some of its many advantages that would make them the best choice for trading binary options.

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