iOption Binary Option Broker
| Company: | iOption |
|---|---|
| Maximum Trade: | $12,000 |
| Minimum Trade: | $10 |
| Minimum Deposit: | $250 |
| Withdrawal Fees: | The first withdrawal every month is free and every subsequent withdrawal made in the same month is charged a fees of $30 or 25 EUR |
| Minimum Withdrawal: | $25 |
| Bonus: | Welcome bonus offered is about 50% of the first deposit |
| Payout: | Up To 85% |
| Account Currencies: | US Dollar, British Pound, Japanese Yen, Euro |
| Currency Pairs: | 24 Pairs |
| Tradeable Asset: | 87 in Number, Stocks, Indices, forex and commodities |
| Trading Platform: | Spotoption |
| Trading Instruments: | One Touch, Option Builder and 60 Seconds |
| Established: | 2008 |
| Licenses: | |
| Location: | Cyprus and British Virgin Islands |
| Regulation Status: | |
| Payment Methods: | Credit Cards, Moneybookers, Wire Transfers |
| Ratings | |
| Trading Plarform: | 3.8/5 |
| Website: | 4.1/5 |
| Banking: | 4.5/5 |
| Customer Service: | 4/5 |
| Bonuses: | 4.9/5 |
| Customer Experience: | 4.2/5 |
| Overall Score: | 4.7/5 |
| Assets: | 5 out of 5 |
| Reliability: | 4/5 |
| Charting: | |
| Withdrawal: | 4.6/5 |
iOption is a binary option broker that was established in the year 2008 and is located in Cyprus and British Virgin Islands. The trading platform used by iOptions is like that of many other brokers is Spotoption. They offer to their traders the most used, diverse and wide range of assets to trade in and get high return on the same. Their trading platform is user friendly and at the same time is very efficient and technically advanced that allows novice as well as experience traders to earn handsome returns. The trading platform is entirely web-based and does not require downloading any software. Thus, anyone can access the platform without any issue anywhere and at any time.
iOption offers to its customers a range of bonuses and also welcome bonus which is about 50% of the deposit amount. The biggest bonus that is offered by iOption to their customers is the “No Deposit” bonus in which the company gives a bonus of 100USD or EUR in the live account of anyone who signs up with them. The minimum deposit required to open an account depends on the type of account the trader wants to open. The minimum deposit required to open an account with them is 250 USD, EUR or GBP. The various methods of deposit of funds include credit card, Moneybookers and wire transfers. The minimum amount required to withdraw from the account is 25USD or EUR and the process of withdrawal may take up to 7 business days. The traders are offered one commission free withdrawal every month. The traders who withdraw more than once a month are charged a fee of $30 or 25 EUR.
iOption offer to their customers an array of assets which include 66Stocks and 35 indices and covers 4 major financial markets. The total asset counts to 132. The vast number of assets allows the trader to experiment with different assets and trade in less traded assets and market and maximize their profit. The expiry time of the trade also depends on the trader’s strategy for trading and their knowledge of the market. The expiry time ranges from 15 minutes to one month. The various trading tools offered by the company to its customers include One Touch, Option Builder and 60 Seconds. One of the tools called Roll Over tool allows the trader to roll over their investment to next expiry time and this is of great help as it allows minimizing the risk if the option is not closing for “In the Money”.
The customer support service provided by iOption is mostly during the trading hours and can be availed using emails, live chat and phone. The traders can also leave their quesry to the helpdesk which is promptly attended and replied. The customer support staffs are very knowledgeable and friendly and try to attend to all the queries of the customers. iOption has carved a niche for itself in the binary option market and is definitely worth a try.