5 Questions by BOTS.com, IvoryOption Live Chat Support Representative Answers
“Ethan Smith: Welcome to IvoryOption! How may I assist you today?”
1. What Makes IvoryOption Different Than Other Brokers?
“…Ivory Option Trading Platform…Learn about binary options and discover new possibilities when you start trading with our best brokers. We will provide you the tools and education so that you can succeed. You can have access to all the investment plans we offer by taking a few minutes to open your account, then you can use our platform to make profit…When trading binary options, investors must take into consideration that when placing trades on options there is the risk that partial or full funds may be lost. Ivory Option instructs our clients and users to read our terms and conditions carefully before any positions are opened on our trading platform… The digital option quotations which are displayed on the trading platform are indicative rates at which the company is willing to sell options, which either may not correspond with live market quotes or quotes rates at the point of sale…”
2. What Binary Options Trading Education IvoryOption Offers For Newbies?
“…You can use our auto trading and one of our agents of curse and it is free for our clients…”
3. Is there any bonus program for new clients on YesOption? How big is the bonus wager?
“…One moment please…BONUS POLICY…Ivory option may offer a number of attractive reward features, including welcome bonuses, contests and awards to new or existing customers. Bonuses and trading credits rewarded to clients are part of the ivory option promotions programs. These bonuses are limited time offers and the terms and conditions associated with any bonus rewards are subject to change from time to time. Bonuses and profits that are based, even partially, on use of bonus credit, shall be forfeited in case the company suspects any act of fraud or breach of the company’s terms and conditions by client…Funds can only be withdrawn when the preceding stipulation has been fully met and fulfilled. All trading bonuses are final, and a trading bonus cannot be removed once it has been credited to an account. A trading bonus is an added value that matches your deposit in your ivory option trading account and it provides you with additional funds to use when you are trading…Trading bonuses come in many forms; there are consistent deposit matches which means that your account will be given an added value when you deposit funds over and over again; and it also comes in the form of a one-time added value on your first deposit. Ivory options offers these bonus funds. When you fund your account, ivory options will match your first investment deposit by a certain amount of percentage in accordance to your first deposit; for example:
If ivory options offers you a 25% deposit match of up to $10,000; it means that if you open a new real trading account and make a first deposit of $2,000, ivory options will instantly fund your account with an additional amount that will go straight to your trading balance. A trading bonus gives you great value and extra trading leverage. With all of the above being mentioned;. Keep in mind that it is truly appealing to trade with $15,000 when you actually made a deposit of only $10,000, but there is a downside.
You may close higher trades and make more money initially (or in the long run), but you can also lose a lot more money. Option trading can be risky and you need to trade with confidence and responsibility to avoid losses. Trading bonus at ivory options offers help to traders starting out in binary option trading…”
4. What Documents Do I Need To Provide In Order To Withdraw? And How Much Time Will It Take To Receive My Profits?
“…ID , Utility bill , credit card…Please send the copies of the required documents to the compliance team, their email is [email protected]. You can scan your documents, or take a high quality digital camera picture, then send them as attached filed in JPG or PDF format. Once your account is fully verified, you will receive a confirmation email…”
5. Do you offer demo accounts to your clients?
“…Because we are a reputable firm, we do not offer Demo accounts. Our accounts are designed for committed traders who want to maximize their profits. We have qualified Account Managers that will be happy to assist you with your trading needs…”
My Overall Impression with IvoryOption Live Chat
After the conversation with IvoryOption representative I have a feeling that all the answers I received were copy pasted from the website of the company and there was no personal touch in the conversation. I can’t say that IvoryOption is not a genuine broker but such kind of treatment of potential clients is not expected from a good broker.
Visit the Complete IvoryOption Review by Martin Kay.