iOption Review

May 14, 2013 10:57 am

ioptioniOption is one of the oldest Binary Options traders It has been operating since 2008, but it is still isn’t as popular as most of its youngest competitors. One of the main reasons for this is the slow start which the company faced – they didn’t manage to quickly build a name for themselves, so many traders preferred to trust the more renowned and popular brokers. Thankfully, iOption gathered pace in the past year, and at the moment it is one of the most rapidly growing Binary Options traders in the world. It is preferred by both beginner and professional traders, because of the broker’s flexibility, reliability and speed.

The unique combination between experienced and inexperienced traders using iOption is one of the main reasons for the broker’s recent popularity. The company managed to gather a very helpful community that gladly shares its experience and knowledge with the rest, therefore helping them make their first steps in the world of binary options trading. We rarely see binary options brokers who successfully target both newcomers and experienced traders, but it seems like iOption is one of those unique exceptions.

One of the best things about this broker is unique web-based platform that they use. The iOption Trading Platform is very user-friendly and simplified, so you’ll be able to easily find the things you need. It doesn’t lack any important features, so you’ll have access to all charts and helpful features you are used to seeing in other platforms. The fact that the entire platform is web-based allows you to quickly access your account and start trading from absolutely anywhere in the world.

If you are a beginner, then you’ll certainly enjoy the pre-made demo that will familiarize you with all the buttons, features and functions of the trading platform. However, you won’t be happy with the fact that you can’t open a demo account and trade with fake money.

By using iOption, you’ll have access to nearly a hundred assets that offer you returns of up to 85% depending on the asset you’ve chosen. The assets you can trade with are spread among four major markets – the Forex Market, Indices Market, Commodities Market and the Stock Market. You can withdraw money using a Credit Card, Wire Transfer or your Moneybookers E-Wallet. Keep in mind that usually withdrawal from iOption takes at least 7 business days, so you’ll need to wait some time before your funds are available. This is probably one of the huge cons of this platform – it lacks payment options and the payment process is quite slow.

If you have any problems with the trading platform, you can rely on iOption’s helpful support staff. You can contact them via Live Chat, emails or just open a ticket in the support section. There is also a list of international numbers which you can use to contact them over the phone.

Despite the lack of payment options and the fairly slow payout process, iOption is one of the best binary options brokers out there. Thanks to their reliable trading platform, helpful support staff and rich variety of assets, they’ve become one the favorite choices of beginner and experienced traders from around the entire world.

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