Notice!!! This Broker (Ioption) may be out of business. Please refrain from making any business with this broker until these issues become clearer. It is recommended to check twice before depositing money into Ioption. For Full detials check – Ioption going out of business post.
Editor’s Note- Why does IOption Suck in 50 Words
As most experienced traders must know, there are more than 20 binary options brokers based on SpotOption technology – probably the biggest trading platforms operator. And they all accept customers from almost all over the world but to my surprise, this was the message I saw on their homepage: “Sorry, we do not support customers from your region.” I wonder why. It’s not like I live in Antarctica…
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Why IOption doesn’t Suck in 50 Words
IOption was last reviewed by thatsucks.com just a few months ago leaving us with a feeling of more to come. We are constantly trying to bring you up to date reviews so we checked them out again Indeed, IOption have made a serious upgrading to become a popular broker. There are more trading tools and options, more gains and educational material.
IOption Full Review- Reaching the potential
Launched on late 2009, IOption is based on the very successful SpotOption platform which allows investors to trade fast and easy with no need for any software to be downloaded. IOption owners are experienced online trading brokers and as veteran finance experts, they aim IOption for glory in the field of Binary Options. Relatively fresh, IOption has gained much popularity among Binary Options traders and looking forward to compete with other brokers especially in the field of new traders who want to trade and learn trading and the same time. Potential investors will be more than happy to learn trading with the interactive demo, really one of kind in the industry. Other then demo, IOption offer its clients with much information and educational materiel concerning Binary Options trading and therefore, beginners could really learn about trading before they start trading for real. These great educational tools are a great advantage for IOption, placing them in top of the Binary Options learning category for Binary Options Brokers. Other then these great educational tools, IOption have made a serious makeover over the last couple of months. When I first reviewed IOption, maybe 3 or 4 months ago I said I’m looking forward to be reviewing this broker again. Well, I’m happy to say I was right, IOption have become a rising star, especially among American traders but not only. Thanks to the amazing SpotOption Binary Options platforms technology, IOption added a few extra great trading features and tools such as the great Options Builder and the Rollover option. The Options Builder enables traders to decide their own expected profitability and refund percentage from a certain asset. Rollover is actually a stop loss toll, using it before expiry time will increase the expiry time to a longer one so you have a second chance being In-The-Money. Speaking of profits, last time I reviewed IOption I noted that the profitability for in-the-money is too low for a competent broker. Indeed, someone at IOption must have heard me, and now the profitability is up to 85%, above average for the industry but also quite common among brokers using SpotOption platform. Out-of-money refund was also increased to a maximum of 15%. No doubt, with better trading tools and profits IOption have made a serious progress and expected to continue growing as the Binary Options industry is gaining popularity. Their newest update includes improved analytic tools and an Extra feature called “Heat Signatures” which is something similar to a signal service.
Is IOption a Scam?
It’s clear to say IOption team deserves all superlatives for creating a user-friendly Binary Options trading environment, especially in such a short time. Binary Options industry is growing fast, Forex traders are switching to Binary Options, more and more investors are joining the industry and therefore faster and more advanced trading tools are required. The competition is hard, IOption defiantly proved that investing trader’s education with an advanced trading technology could lead a broker into the top list of Binary Options brokers, but as we always claim here at Binary Options that Suck- trader’s safety goes first. With all the respect for IOption and some similar brokers, without a serious regulation we just cannot revoke our scam suspicions. Therefore, the reason why IOption Suck? It’s not regulated. Like many other brokers using SpotOption technology, they are not regulated and therefore not a 100% reliable. As much as we would like to recommend IOption with all its great trading tools and educational material, its traders money we are talking about and we wouldn’t like to take a chance like that without a real trust. Minimum deposit is as high as 200$, investing such amount in a not regulated broker could be crucial. I’m not saying IOption is a scam of course, but before investing I would really recommended a second thought.
A good and much needed improvement is the modification to the minimum withdrawal amount: it is now just $25 from the previous of $200. That was much for a minimum specifically because incase a trader decided to deposit into IOption, traded once or twice, lost a couple of dollars, but then decides IOption is not for him- what will he do know? Try to win his money again or trade it to last dime? I don’t know if it has anything to do with the regulation but it is something to think about before trading with IOption. Overall and even after saying those things, I can carefully advice the more cautions beginners to join and develop alongside with IOption. Binary Options that suck will continue tracking IOption development and will let you know when it becomes a fully recommended broker.
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Over the past few months ThatSucks.com (former BinaryOptionsThatSuck.com) followed chat rooms and forums, searching for any comments or indication of a binary options scam. We searched through google for any Ioption complaints, scams, etc. try it yourselves! Looking for information about Ioption wasn’t easy. We did found one angry costumer who claims that Ioption almost got him to deposit by using a false advertising. There were a few positive comments also, and as always, the regular “they’re a scam” minor comments.
Traders may be very happy to find the great promotions and bonuses awaiting them on IOption. The Bonus varies depending on the deposited amount and the wager depends on what bonus you received. So specific conditions apply to each bonus, but in their Terms and Conditions they say that it can vary from 10 times to 40 times. That’s a pretty high wager.
At Bots.com, we don’t care only about deposit, we also care about withdrawal. Traders want to collect their profits don’t they? When it comes to IOption, Credit Card withdrawals are limited to the initial deposit amount; the profits could only be withdrawn via wire transfer…but unfortunately the minimum withdrawal via wire transfer still remains $250. VIP customers will enjoy better withdrawal conditions and an Ioption card.
Since 2010. Trading Assets- 132 trading Assets. Minimum Deposit -250$, 200€. Payment- Credit cards, wire transfer, moneybookers. Options Profitability- 71%-83%. Out of money option refund-1-15%. Platform: IOption. Languages- 11 different languages including English, French, Spanish, Italian. Demo- Yes (interactive animation, not a Demo account)
User Friendly 15/20
IOption is 100% web based platform, so there’s no need for software to be downloaded to the PC. IOption is based on the advanced SpotOption technology, the website is relatively new, and trading is easy and user-friendly. The tutorial is extremely efficient and very detailed, probably the best I’ve seen and there are lots of educational materials. The website is available in 11 different languages.
No. of Assets and Expiry time 18/20
Total of 132 Assets: 66 stocks, 24 currencies (forex), 7 commodities, 35 indices make IOption one of the brokers with the largest variety of assets which makes trading more interesting, plus a broad range of expiry times. Moreover, there’s a touch option for trading during weekends.
Commissions, Support and Effective return 13/20
IOption Don’t charge any fees or commissions from investors when they first deposit or purchase options. IOption do charge fees for more than one withdrawal per month (30$). IOption support is available via 12 international numbers, mostly in Europe and Australia or via email. The live chat service is quick and helpful, available 24/7. The effective return is among the above average in the industry- an average of 77% In-The-Money return for most assets, while the Out-of-Money refund is 5-15% in most cases.
Deposit, Payment and Bonus 12/20
Ioption Minimum deposit is average – 250$ or 200€. Deposit is available via C.C., Wire transfer (250$ min), moneybookers and more. Withdrawals are not conditioned anymore to a minimum withdrawal of 200$ depending on your currency. Withdrawals are generally available via C.C, moneybookers or Wire Transfer. IOption offers a flexible bonus (more information will be probably given to you by the IOption representative once he/she knows how much you are going to invest) with special promotions for registered costumers.
Website Extra’s 13/20
IOption supplies its clients with an innovative, animated demo, which make Ioption a good place for beginners from the learning aspect since there are lots of guides and information. Ioption have many special features, such as the Option Builder and RollOver tools. 60 second trading is also available, together with some special features like the Heat Signatures service for predicting an asset’s direction.
IOption rating: 71/100 = 71
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