Finrally provides its clients with services in the field of binary options trading. Its platform allows you to trade different types of assets, from company shares to commodities. According to the firm’s official website, it has already helped clients earn at least $1.009 million. The company reports that it currently has 1.94 thousand traders working with it, whose average profit is $520.
Finrally trading conditions
The firm’s clients have access to 4 types of assets for trading: company shares, currency pairs, indices and commodities. The list of instruments in each of these groups is quite extensive, but Finrally does not provide detailed information about the trading conditions for each of them. Often, only the time of day during which a particular asset is available for trading is reported.
To trade, Finrally clients can use the company’s trading platform, available on both PCs and mobile devices running Android and iOS.
The company offers 3 main types of trading accounts: “Bronze” (the minimum deposit to open is $250), “Silver” ($1000) and “Gold” ($3000). Regardless of the account type chosen, all clients will also have access to a demo option. The range of additional services will expand with each subsequent account type.
Finrally clients have access to a wide range of tools to deposit and withdraw funds from their accounts. It includes Mastercard and Visa credit and debit cards, JCB, Union Pay, Neteller, Skrill, Perfect Money, WebMoney, Qiwi and Alipay.
There are no commissions when replenishing an account almost everywhere (the exception is Visa and Mastercard, which require a commission of 5%). There is no commission anywhere when withdrawing funds. The execution time for operations in most cases is up to an hour, but in some cases it can take up to 6 hours.
Additional Finrally services
Educational materials that can help novice traders are presented on the company’s website in a rather limited volume: a small course of 9 video lessons. In addition, owners of “silver” and “gold” account types can sign up for a master class with a professional trader (the level of competence of these specialists is not disclosed on the company’s website).
The company also tries to attract potential buyers with bonus payments, encouraging them to immediately invest an amount that is enough to open a “gold” type of account. In particular, in the case of the first deposit of $3 thousand, Finrally promises to double the deposit.
Feedback from Finrally
To contact the company’s support service, which it guarantees 24/7, customers can use the phone number and feedback form, as well as online chat available on the company’s website. In addition, Finrally has accounts on YouTube, Twitter and Facebook.
Finrally tries to interest potential clients with generous initial bonuses and encourages them to invest large sums from the start. It offers a fairly large and varied set of trading tools, its own trading platform, as well as an extensive list of methods for withdrawing funds and replenishing your account, while promising no commissions and prompt work.
At the same time, Finrally is quite sparing in sharing information about the features of trading specific assets, which any potential client would like to know before registering. Also, the company cannot boast of any additional interesting services and offers. More importantly, the company does not provide any information about whether it has a license from the regulator, which raises doubts about the legality of its activities and jeopardizes the safety of funds entrusted to it by clients.
Anyone who decides to cooperate with Finrally should limit themselves to the minimum possible deposit size, ignoring the promises of generous bonuses. You should increase your investment only after making sure that when working with it there are no dangerous “pitfalls” that could lead to financial losses.