iOPTIONS review
Assets: The iOption trading platform offers a wide variety of assets and option expiry times, so that a trader has a vast selection to choose from. Between currencies and to commodities to stocks and indices, there are over 100+ assets available to choose from. The majority of assets that iOption offers are stocks (66). Traders can also trade commodities (7), and the most commonly traded are oil and gold. Currency pairs (24) are great for binary options, because in binary options a pip only needs to move .01 for a trade to be successful and land a trader in the money. Of the indices (35) able to be traded the most popular are the DOW, NASDAQ and S&P 500.
Minimum Deposit: $250.00. Once the deposit is made, then the customer is given an account and has full access to make trades online with iOption.
Payout Rates: The payout rate changes for every trade, it depends on the asset being traded and the expiry time of the option. On average the rate of return is 78%. There are options available that have payout rates that reach higher than 650%. Trade with iOption and win up to 81% profit!
Deposit Currency: Accounts are held in Euro or USD, but a deposit can be made in local currencies.
Profitability: iOption’s payouts range from 89% to 70%, with the average trade paying close to 80% profit. Trading on iOption is easy and profitable.
Option Refund if Out of Money: As a partner in trading, iOption offers up to a 15% payback of the original amount of the option taken, to customers whose assets fall out of the money. iOption calls this Protection Insurance, and provides this service on most trades no matter how large or small.
USA Traders Accepted: Residents of the USA are not permitted to open accounts.
Usability: Navigating through iOption’s website is very easy, and placing traders is even easier. There is a basic 3-step method to making trades. First, you pick the asset that you want to trade, and then you select the amount that you want to by the option at, and last you choose what the expiry time will be.
The website runs in 9 different languages giving thousands of customers the ability to trade assets in their own native language. Customers have full access to their accounts 24 hrs a day. Deposits and withdraws can be made whenever the client feels it is appropriate. Trading is conducted while the financial markets are open, and with assets being traded in financial markets around the world, traders rarely have times when no trades are available. It is customary that all financial markets close on weekends, but with binary option’s one touch system, traders still are able to trade. The expiry time of the option taken won’t lapse until the end of the next week, but it’s still a way for traders to get a start on their week and to participate even though the market is technically closed.
Fees: At iOption there are no fees. All education material is free of charge. There are no extra fees for account managers or withdraws.
Rebates: iOption offers special promotional rebates throughout the year, including volume rebates and special bonus plans.
Minimum Contract: The iOption platform allows trade beginning at 10:00.
Expiry Times: Binary options differs from standard options because in binary options there are expiry times. An expiry time is set to conclude the trade. At the end of the expiry time, depending on where the asset is, reveals wither or not the trade was successful. The risk management that comes with binary options and having expiry times, protects traders from getting stuck with a falling assets and losing their shirt.
Customer Service: Each customer is assigned an account manager who facilitates the process of trading binary options. Account managers work with their clients to form partnerships assisting them with all aspects of trading binary options, wither it be setting up an account, making a trade, or withdrawing profits. Account managers are assigned by language and country.
