Finrally
Total reviews 1
No complaints yet
1.0
One of the young brokers of binary options with a simple, convenient and functional platform for comfortable trading.
Binary Options Broker
Official website
Date of foundation
1970
Head Office
309&310 Office, Albert Street Victoria, Mahe, Seychelles
Company owner
Algobit Ltd.
Types of support
Feedback form on the siteChatHelp Center
Phone Support
Languages
Russian, English, French, Spanish, German, Thai
Terminals
Author's platform
Min. first deposit
From 250 USD
Brokerage commission
Yes
Payments
Until 80 %
Free demo account
No
Types of options
Turbo options, Classic binary options, One Touch, Option Builder
Adjustable
No
Types of accounts
Methods of replenishment
Alipay, JCB, Neteller, OKPAY, Perfect Money, Qiwi, Skrill, UnionPay, Webmoney, Cryptocurrencies, Bank card (Visa/MC), Yumoney
Withdrawal methods
Alipay, JCB, Neteller, OKPAY, Perfect Money, Qiwi, Skrill, UnionPay, Webmoney, Cryptocurrencies, Bank card (Visa/MC), Yumoney
Number of assets
150+
Types of assets
Currency pairs
Indexes
Products
Account Currencies
RUB, EUR, USD, GBP, et al.
Expiration
From 60 seconds to 30 days
Mobile apps
No mobile apps available
Weekend trading
Yes
Tournaments/competitions
No
Trader training
Trading with a professional, FAQ
Affiliate Program
No
Advantages
A wide range of deposit and withdrawal methods
100% secure trading with data protection
Ability to trade under the guidance of a professional
24/7 customer support
Disadvantages
Terms of trading in English
No license information
Company requisites
Date of update
April 28, 2023
Overall assessment
0/10
    Address
    309&310 Office, Albert Street Victoria, Mahe, Seychelles

    Finrally is this a scam? Review and Reviews

    Published: 8 August 2017 Updated: 28 April 2023


    Finrally – one of the young brokers of binary options, which operates on behalf of the company Algobit Ltd. with a license for such activities. Since 2014, the broker successfully continues to win its audience of traders. Much of the reason for its success lies in its unique services and advanced features, which can’t help but be appreciated.

    The company offers trading in one of the advanced trading platforms. Still, is Finrally a scam or a worthy broker for the Russian trader? We answer this question in today’s detailed review. The first thing you should pay attention to is the platform – simple and convenient, which has the necessary functionality for comfortable work, there are no unnecessary buttons and actions, and the fast operation of the system allows you to trade much more efficiently.

     

    Finrally’s Terms and Conditions

    Finrally – Binary Options Brokerwhich appeared on the financial market more than 6 years ago. During this period, the company actively developed and gained popularity among users. The broker focuses on the international market, as evidenced by the multilingual interface of the main site of the project. The advantage is the availability of the Russian language version. The main office of the organization is located in the Seychelles, where the regulation of the company is carried out.

    On the site finrally.com A wide range of binary options and CFDs are available. For example, the following stock options are available to users:

    • Apple;
    • Nissan Motors;
    • Coca Cola;
    • British Petroleum;
    • Gazprom;
    • Rostelecom;
    • Sberbank and others.

    The company also offers quite a large number of currency pairs. Thus, customers have access to options on USD, EUR, CAD, GBP, RUB, TRY, etc. For fans of working with commodity CFDs, silver, gold, oil, sugar, as well as coffee are available. For its clients, the organization offers the following types of trading accounts:

    • Bronze – trading account, which is best suited for beginner traders. The minimum deposit amount is $250. Withdrawal of funds is carried out within one hour. Clients are also provided with basic trading training in the form of books and videos. For all users who have opened an account, a deposit bonus of 20% of the amount is provided.
    • Silver – account designed for more advanced traders. It is the most popular among users of the project. The minimum deposit starts from $1,000. In addition to training materials, clients receive a master class in the form of a web conference. Also traders are compensated for unsuccessful transactions. The deposit bonus is 50%.
    • Gold – is suitable for professional traders who want to get access to all the features of the project. The minimum deposit amount is $3,000. In addition to the standard functionality, Swiss payment card and personal account manager are available to clients. Also account holders have access to a deposit bonus of 100%.

    The project is perfect for advanced traders, thanks to favorable and comfortable terms of cooperation, as well as for beginners. For beginners there is a separate section on the website finrally.com called “Learning Center,” where the user can find all the necessary information regarding binary options tradingas well as answers to the most popular questions.

     

    Platform finrally.com

    Brokers try to provide their clients with the most comfortable conditions for trading activities. That is why the company provides its clients with the most popular platform for trading binary options. The platform has all the necessary functionality for trading. In addition to the standard functions, users can take advantage of additional analytical tools in the form of a price chart of the asset, which makes it possible to evaluate its performance in real time over a selected period of time. Also noteworthy is the bulls-to-bears ratio. This feature will help traders if they are having difficulty making a decision.

    Broker quotes

    Some users complain that the broker’s quotes sometimes lag behind other platforms. However, neither on the official website finrally.comThere is no exact information either on the Internet or on who is the supplier of quotes for the company.

     

    Finralli mobile app

    It is extremely important for most traders to have constant access to their account. That’s why a mobile version of the platform was developed. Thus, users can trade and track their results anytime and anywhere. Both Android and iOS versions are available.

     

    Demo account

    For novice traders who have just started trading and do not have enough experience, they can use a demo account. A demo account allows users not only to practice practical skills, but also to work through strategies. The account retains all the functionality available on the platform. The only difference is that trading is done with virtual currency. This means that the client absolutely does not risk anything.

     

    Deposit and withdrawal

    The company cooperates with a large number of payment systems. Often the transfer is made within one hour, but for some payment systems (UnionPay) can take up to 6 hours. You can top up your balance using the following options:

    Withdrawal of earnings

    A distinctive feature of the broker is that withdrawals are made within one hour. The broker does not charge any additional commission for the withdrawal of funds, but one should take into account the fees of payment systems. It is possible to withdraw funds via:

    • Visa, Mastercard;
    • JCB;
    • Union Pay;
    • Neteller;
    • Skrill;
    • Perfect Money;
    • WebMoney;
    • QIWI Wallet;
    • Yandex.Money;
    • Bitcoin;
    • OK Pay;
    • Alipay.

    In order to enter funds for work, it is necessary to pass a quick registration at the broker, as well as obligatory verification. The necessity of the obligatory verification procedure characterizes the company positively. After transferring the funds to the deposit, they are immediately displayed on the account, allowing you to start trading immediately. It is possible to work with different currencies to choose from: USD, RUB, EUR, GBP.

     

    Finrally bonuses

    At the moment there is only one bonus offer for users – the deposit bonus. When opening a trading account, the client receives from 20% to 100%, depending on the amount of deposit.

     

    Complaints about Finrally

    Despite the fact that the broker is relatively young, there are no reviews of Russian traders in the network, which is immediately alarming. In addition, all the material about the broker’s trading conditions on the website is presented in English, which limits the Russian-speaking audience and reduces the level of trust.

    There is no information about the license, which also reflects negatively on the brand, because most serious traders work only with licensed brokers, which allows, in the case of problems, to get the necessary assistance from the regulatory body. If the company aims to cover a large audience of Russian traders, it should seriously think about the quality of the website material as a reliable business card.

    If there are any complaints about Finrally, we will be sure to post on social media. Sign up to stay up to date.

    Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

     

    Finrally broker regulator

    There is no information about the broker’s regulation on the official website. However, the materials of the website in the section “User Agreement” indicate that the company works on behalf of the financial company FGC (Finance Group Corp.), which has a license for such activities. At the same time, the license number itself is not available on the website or online, which reduces the level of trust.

    Finrally.com User Agreement

    The “User Agreement” is the main document of the project, which every user should get acquainted with. The agreement contains the basic rules of cooperation with the company, as well as the responsibilities of clients and organizers. The disadvantage is that the document is in English, which can create difficulties for traders from the CIS countries. Let’s consider some points in detail.

    The agreement states the information that when trading CFDs, as with any financial assets, there is a possibility that the user can incur a partial or complete loss of his investment funds when trading. As a result, it is expressly recommended that the client should never invest or trade with money that he cannot afford to lose by this method of trading. The company does not provide any guarantees of profit or loss prevention when trading.

    The Client must replenish his trading account within 90 calendar days from the date of its opening in an amount not less than the specified amount for the type of account (minimum initial deposit). The Company has the right to close or cancel the account with the balance less than 1 cent, if the specified balance on the account existed more than 90 calendar days.

    When depositing a trading account using online payment systems, the client can order a withdrawal only in the same payment system, which he used to deposit his trading account in the appropriate currency or its equivalent. Trading profit can be withdrawn to any of the payment systems (at the request of the user).

    The Company reserves the right to make changes to this agreement, notifying the client at least two working days before the effective date of these changes. Placing the corresponding information on the main page of the official website for at least 3 days is also considered as notification. The client undertakes to regularly consult and review the company’s website to be informed in a timely manner of any changes in relation to this agreement and, in particular, the services.

    Client understands and accepts the following facts:

    • any payments that the user makes using the bank details received earlier than 24 hours before the time of payment or not corresponding in the relevant sections of the company’s website, which are different from the current bank details of the organization, does not entail the responsibility or obligation of the company to investigate, refund or credit this payment to the trading balance of the client.
    • any actions committed by the user or third parties (through the fault or participation of the client), which destabilize the company’s activity or performance of services, equipment or software, can lead to the denial of service of the current trading account and cancellation of all trading orders with a full refund of the remaining deposit. The company must notify the client of the reasons for the above decision. The organization may also reject a new registration of such user in the future.

    The client is aware of the fact that the risk of trading losses can be quite significant. That is why the user must analyze his financial capabilities before engaging in trading operations. Also, the trader must understand that he/she can completely lose all of his/her initial funds and any additional funds used in trading on the market.

    The client agrees that the company cannot be held liable for his losses caused, directly or indirectly, by government restrictions, restrictions of currency or market rules, the suspension of trade, military operations or other conditions, commonly referred to as “force majeure”, which lie beyond the control of the company. The user is solely responsible for the risks associated with the storage of access data to the trading account and must ensure that third parties cannot gain access to the trading terminals. Losses and risks of the client associated with the restoration of access to the trading account do not impose on the company any obligations, except for the provision of new access data to the client after the procedure of identification.

    The organizer may suspend its activities or review the client’s transactions for the following reasons:

    • failures on the part of Internet access providers;
    • failures in information flows;
    • hacking and other illegal actions against the company’s servers and equipment;
    • force majeure and suspension of trading on the financial markets, which relate to
    • financial instruments used by the company.

     

    Is Finrally a Scam?

    Despite the fact that Finrally is one of the youngest brokers on the binary options market, now it has no reviews in the network. The lack of a license, a full-fledged Russian-language version of the site prevents the formation of full-fledged trust in the platform.

    If desired, the broker can adequately show its capabilities to the Russian audience by preparing the necessary material. It is also worth noting that the company offers training opportunities, bonuses and contests for users, some of the services are really unique (user-friendly trading terminal, the ability to withdraw funds within an hour, round-the-clock trading), which characterizes it as a seriously set up broker, but not a one-day company in any way.

    Should Finrally be considered a scam? At this stage of the company’s development it is too early to make such conclusions, but deciding to work with the broker, you can protect yourself by studying the rules of the resource, which are now available in English, as well as by working properly with your personal manager and passing a full verification in the system.

     

    Conclusion

    Binary options broker Finrally is quite a young company, gaining momentum and having all chances to get high ratings among trading professionals. Already now the company provides unique services to its user, which show that the company is on the right path of development. Unique terminal functions, well-thought-out bonuses, training opportunities – all this positively characterizes the broker, testifying to a successful start and the right way of development.

    In addition, at the moment the connection of the company with another more well-known broker Finpari, from the official website of which the user automatically goes to the resource Finrally, is not clear. Most likely, we are talking about a change of brand, but there were no official statements from the broker.

    And yet, it is difficult for the Russian trader now to work and trust a service that does not have full information about the rules of work and the license. All this must be provided on the official website of the broker himself, if he plans to work seriously in Russia. We can only hope that the broker himself will remedy the situation by maintaining the pace of his successful start.

    It’s also fair to say that Finrally has not yet shown itself to the fullest extent, so it’s too early to assess it as a reliable or fraudulent company. However, traders’ reviews, which we are waiting for in this review, can not only influence the broker’s ratings, but also warn about possible problems.

    Convenience of trading
    20%
    Withdrawal speed
    20%
    Percentage of payments
    20%
    Support Service
    20%
    1.0

    Reviews

      Finrally reviews

      1
      Add review
      • In ascending order of rating
      • In descending order of rating
      • New ones first
      • First the old ones
      • Popular ones first
    • 1
      Rate your review 0
      0
      Convenience of trading
      20%
      Withdrawal speed
      20%
      Percentage of payments
      20%
      Support Service
      20%
      This company no longer exists, here is...

      This company no longer exists, here is a link to the current rating of binary options brokers – https://eto-razvod.ru/binary-options-brokers/

    The company in the ratings
    RatingPlace
    Best Forex Brokers
    CompanyPlace
    Alpari
    3/171
    Stock brokers
    CompanyPlace
    Finam
    1/21
    Exante
    3/21
    Cryptocurrency exchanges
    CompanyPlace
    ByBit
    1/334
    Beribit
    2/334
    Activity
    0complaints
    • New0
    • Resolved0
    • Not resolved0
    New companies on the site
    Site Map