IOption Broker Review

The IOption is a privately owned binary options broker with its main offices in the British Virgin Islands and Cyprus. IOption is among the many brokers that deal with binary options and provide a means in which traders can earn huge returns from their investments. Even though binary options are a relatively new concept, it has gained popularity due to its simplicity and the huge returns it provides to investors.

To begin trading on the platform, one has to create an account by filling the account creation form that is available on the site’s home page. The initial amount that traders are required to deposit is $200 and thereafter IOption provides a bonus of $25 for Starter Account holders. The other types of account provided by the broker include the Trader Account and VIP Account that has a minimum deposit of $2000 and $5000 respectively.

The IOption’s trading platform is clearly visible from the site’s homepage and this makes it easier for users to place their trades. Moreover, users of the platform are not required to download software. New users can get acquainted with the workings of the platform by watching a demo of the system prior to making any trade. The trading interface is clean and comprises of vibrant and attractive colors and information is organized in such a way that makes the site easy to navigate.

Besides the user friendliness of the platform, one factor that makes people interested in any binary option platform is the number of trading assets available. IOption provides traders with up to 83 high performing assets, which makes it possible for traders to diversify their investment options. It provides payouts of between 71 and 83 % and accepts traders from all over the world. Traders can deposit funds into their accounts via credit cards, Money bookers, PayPal and wire transfer. The same channels can also be used to make withdrawals, which take 2 days to process. Users who want more monthly withdrawals are charged $30 per each withdrawal.

IOption review has a customer support team spread out in 12 countries and can be reached via email, telephone and chat.

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