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optionrally.com Broker Review
Our Overall Rating
Sources indicate that on 16/04/2012 the company optionrally.com received a warning fromSwiss FINMA. The address on record for optionrally.com is unknown.
February 2015: 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. (from forexpeacearmy)
FROM THE WEB
Optionrally is owned by Optionrally Financial Services Ltd. It was a binary options broker, is not in business anymore. OptionRally has been famous for withdrawal issues and downtime of their trading platform and website. This broker has a very low trust score and it is apt to be a scam. OptionRally may claim to be regulated however no regulation held at any regulatory body across the world. Also, their license has been suspended by Cysec.
In February 2015, there 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. (from forexpeacearmy)
In 2017, the company was restricted by CySec to enter into a business relationship with any person and take upon any new client. They were not allowed to receive, transmit or execute any orders from clients for buying any financial instruments. The Cyprus Securities and Exchange Commission (‘CySEC’) announces that the authorisation of the Cyprus Investment Firm OptionRally Financial Services Ltd (‘the Company’), number 220/13, is suspended.
CySec Board Decision:
• The company is not allowed to provide/perform any investment services in Cyprus or outside Cyprus (in member states and third countries)
• The company cannot advertise itself as an investment services provider and was asked to declare on all of its websites that its CIF licence has been suspended
As per the online complaints OptionRally closes accounts that show profit under the excuse of abusive trading patterns. Also, they used to adapt high-pressure tactics which became a problem to their existing and potential customers. OptionRally is known for withdrawal issues and price manipulation.
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