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Overall Review
iOption was established at the beginning of the year 2010 and have their headquarters based in Cyprus. Both newcomers and professionals are offered a chance to trader at iOption which is very rare because not all platform allow that and since it is web based, traders can trader anywhere in the world. Something unique that iOption offers is a free Demo that allows traders to get started very easily in binary options trading. Another notable feature is that fact that you have an account manager that will assist you with step-by-step procedures.
| Website: | www.ioption.com |
| Minimum Deposit: | $200 USD |
| Options Profitability: | From 70% – 85% |
| Options Refund If Out Of Money: | From 2% – 15% |
| Trade | Forex, Indices, Stocks, Commodities |
| USA Traders: | Not Accepted |
| Platform | Spot Option Platform |
| Phone Numbers: | INT’L: 357.2203.0679 |
| UK: 44.203.355.7204 |
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Features
iOption offers 81 different assets which include 34 stocks, 27 indexes, 15 currency pairs, and 7 commodities. A very big downside of iOption is the very limited and short expiry times available.
The binary options of iOption have 3 different groups of expiry times:
- Options that expire in 15 minutes.
- Options that expire every hour.
- Options that expire at the end of the day.
As far as languages go, iOption does a very good job and offers its traders with 6 different languages which include French, English, Arabic, Italian, Spanish, and German. It is very important to have a big array of languages available because it widely expands the amount of traders that will come and trade at a particular broker.
A very big selection of different banking methods are available to the trader of iOption. Traders will be able to use credit cards such as Visa, MasterCard, American Express, Maestro, Diner’s Club, and many more. Wire transfers are also available with a small fee of $25 applied to it. Traders can also use eWallets such as MoneyBookers as a banking option.
Whenever you create a new traders account with iOption, you will be asked with which currency you would like to place a deposit and it will keep that currency until you change it in your settings. iOption only offers 2 currencies, USD & Euro.
The customer service is like no other at iOption, they really put a big effort in it and it shows. They can be contacted via toll-free telephone, fax, email, and live chat sessions
Special Features
Many special features are available to the traders of iOption which includes a beginners guide to the big world of binary options trading. The Demo & Economic Calendar are important features that traders should keep track of because they give key events that took place in the industry and could influence your binary options strategy.
In order to have a successful trading experience at iOption, it is crucial to keep track of the market developments, market review, and Reuters news.
Something traders really appreciate of iOption is the fact that you may trade right from the home page. This is very convenient because some binary options trading websites aren’t so user friendly when it comes to navigation of the website.