iOption Review

iOption is an online trading firm managed by Scorpid Trading Limited company. It is a private company that provides a user friendly web based platform for the trading of binary options. It started off as a local broker, and then made itself to a multinational trading brokerage house.

iOption is client to all types of traders, from novice to professional investors. Education and training program of the company provides customized advice and guidance to every trader. This makes it possible for an amateur to invest in financial products, without any prior experience.

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iOption Overview

Established: 2008
Headquarter: Cyprus
Languages: English, Spanish, French, Turkish and Romanian…
Website: www.ioption.com
Minimum deposit: $200 or €200
min. investment amount: $10
max. investment amount: $5,000 per option
Payout: 70% – 400%

Trading Instruments

iOption offers a wide array of investment avenues. It provides a sustainable platform for the trading of assets including forex and stocks of multinational companies like Tesco, Unilever, Apple, British Petroleum, General Motors and many others. An iOption trader can also invest commodities as well as indices such as Nasdaq, Dow Jones and Nikkei. iOption is very popular for its unique trading tools, that are offered by very few in the industry. These are channel trading and rapid fire techniques.

iOption Software

iOption does not require a trader to download any complicated software or advance applications. It provides a user friendly web based platform for trading purpose. All you need is an internet connection to register and a $200 deposit to get started with iOption. The website is easily navigable and designed to protect trader’s privacy and confidentiality.

Deposit and Withdrawal

iOptions offers multiple methods for investment and withdrawal. Depending upon their convenience, traders may use credit cards, wire transfers, debit cards and money bookers e-wallet to make any transaction. The amount of funds that you plan to invest also determines the deposit method. In case of a credit card, maximum amount that can be deposited is $5,000. If you have to make an investment above that, then you need to transfer funds through the bank.

Funds withdrawal may take up to 10 days. iOption takes 3 days to process the request and further 5 to 7 days for the bank transfer. Moreover, you can withdraw money from your account, as many times as you want, in a month. However, only the first withdrawal will be free of cost. Commission fee of $30 will be charged on every additional withdrawal.

Bonus and VIP Program

iOption offers highly lucrative bonus and VIP plans for the new and existing clients. iOption provides an exclusive service to its VIP and privileged members. They are given a VIP mastercard which can be used for paying utility bills, shopping, or at gas stations. This card is linked with their trading account, and can be used like any other debit card.

Customer Support

The customer support team of the company is made up of veteran professionals from the financial industry. This team is led by an expert multilingual account manager. For the purpose of our review, we contacted the customer service agents through different means of communications and subjected them to some very technical questions. We were amazed by the quick and efficient response that we always got. Whether we asked for the technical support or the marketing personnel, they were available every time we approached them. iOptions have local offices in 15 states. The ‘Contact us’ page on the website is very detailed with contact numbers of all the offices and different departments.

Pros

  • iOption’s exclusive ”Heat Signature” Signal Service
  • Unique trading techniques
  • Trading in more than 100 assets
  • 1-on-1 training and advice to the clients
  • Seminars and webinars as part of the education and training program
  • Advance security features to protect the trader from cyber crime
  • Multilingual account manager with a team of experts
  • Trader can earn $50 through ‘Refer a friend’ program

Cons

  • Withdrawal may take up to 10 days
  • Only the first withdrawal of the month is free. Every other transaction is charged a commission of $30.

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