• GOOGLE928.53-3.92 - -0.42%
  • APPLE151.89-1.50 - -0.98%
  • VODAFONE28.64+0.02 - +0.07%
  • France Telecom
  • FACEBOOK170.54-0.57 - -0.33%
  • FTSE100
  • DAX30
  • CAC405281.29+14.00 - +0.27%
  • S&P500
  • australian dollar - us dollar0.7961
  • us Dollar - Japan Yen1.1951
  • euro - us dollar111.9580
  • euro - Pound sterling0.8855
To show sotck chart

iOption Review

iOption commenced operation in 2008, the year when binary options trading was introduced and made available to the general trading public. This makes them one of the longest brokers currently in operation. iOption’s is consistently ranked with high-performing binary options brokers, providing a wide array of assets that cater to big and small markets.

It is owned and operated by the privately-held iOption Ltd and is headquartered in Cyprus, which have recently heightened its regulatory requirements for licensing of binary options brokers operating out of its shores. Adopting the SpotOption white label trading platform made it possible for iOption to reach a wide customer base because of the intuitive design and excellent software it provides. With a relatively easy system to use, iOption is an excellent platform that works well for the novice and experienced trader.

User Interface
Ease of use is one of the good points we noticed when using the iOption interface. Its homepage displays the trading platform directly, which made it possible for us to create an account easily after having to fill out minimal details only. There was no need to download special software as it is purely-web-based and can be accessed from any computer as long as there is an Internet connection. We were able to log in without running to any difficulties, and subsequently initiate an invest in a matter of seconds.

We were able to browse the website just as easily as any regular trader, including other features exclusive only to registered traders. With website security placed above all else, iOption is a safe trading environment supported by a security system based on an SSL encryption.

Platform Features
Information that a trader needs is conspicuously listed for convenience. For the regular Up/Down binary option, as well as the other more advanced options, the choice of assets is readily accessible; along with additional data such as the return amount and protection rates disclosed when the Call or Put positions is placed. The strike price and the time remaining are also prominently displayed, with each traded asset listed in its own row. As a result, trade choices are efficiently managed without much distraction from other data presented in the same browser window.

iOption offers an up to 81% return from a single trade depending on the asset chosen. Now this is not unique as that figure is fairly common in the world of binary options. What makes iOption stand out from among the best brokers is the range of binary contracts they offer. One Touch is a useful trading tool that allows traders to request trades and hold on to their trade positions even when the markets are closed. Option Builder streamlines one’s trading experience by allowing investors the ability to pattern their own trades, in terms of managing risks and profits, according to their trading style. Rapid Fire 60 Second Trading makes it possible to earn profits in one minute, with small trade amounts for as low as $5 per trade. The Meta Platform is an advanced feature enabling traders to sell back options that are not sure to finish In-the-Money; this is great for risk and profit management.

Among the trading platforms we have reviewed, iOption has a roster of assets that is, by far, the largest portfolio we have encountered: an impressive collection of 66 commonly-traded Stocks, 35 Indices, 24 major Forex currency pairs, and 7 Commodity assets.

The trading platform also boasts of a full list of tradable assets that are currently live. Assets that fall under closed markets do not appear on the list. Furthermore, a complete list of expiry dates for all options that have recently expired is made available to traders. iOption does this with complete accuracy. This is one broker that takes accurate information to a whole different level- always giving real-time information that traders can definitely use in their trading decisions. This is quite impressive considering that iOption is solely a web-based platform.

Deposit/Withdrawal Methods
There is a minimum deposit of $250 to initiate trading. This amount is lower than other trading platforms, and for as low as a $10 investment one can open a trade already. The platform supports a large number of payment methods, including widely-preferred PayPal.

Withdrawing profits was a smooth process, taking only 3-5 business days to complete. After submitting the withdrawal request, we saw the money deposited in our account within one and a half weeks. There is the customary free withdrawal once a month, with subsequent fees of $30 /€25 applied to succeeding withdrawals.

Customer Service

iOption makes it easier to establish correspondence with its network of global traders. Trying Live Chat, there was a transcript of frequently asked questions that can be referenced while waiting for an agent to respond, and it was not even a full minute before a representative returned my query. Customer service can be reached via established routes: email and phone support.

Encouraging representatives are always ready to assist traders with phone numbers available in an astounding 11 languages: Arabic, Danish, English, French, German, Italian, Japanese, Portuguese, Romanian, Spanish and Turkish.