Established in 2008, iOption is one of the very few binary options traders that provide traders a wide range of underlying assets in the financial market. The company is suitable for both newcomers and professional traders. Like many other binary options traders, iOption is based in Cyprus and has been attracting positive feedback about its high-quality trading platform.
The iOption trading platform can be accessed directly from the homepage, which makes it possible for traders to jump right in after they have logged in. There is no heavy software that has to be downloaded as it is a web-based platform. All of the necessary information is provided on the platform. When a trader wants to place a trade, they can see a list of choices along with the strike price, the return and protection rates, and the time remaining. Then they can choose either Call or Put and the option rolls open with further information. Traders can also watch a demo to know how the system works before they register. This feature can be useful for anyone who is new to binary options trading.
iOption provides up to 81% return on investment from a single trade, which depends on the asset chosen. Its unique feature is the one-touch option that allows traders to ask for trades on the weekend when the market is closed and have their positions open during the week until the target is reached. If the set rate is hit, the trader receives the payout at the end of the week. If the target is not reached, the trader loses the sum invested. One touch offers a payout of up to 400%, which is one of the highest ROIs available in online trading.
Another useful feature provided by this binary options broker is the facility to roll over an option, which can be very useful if it looks like it will expire ‘out of money’ and you desire to expand the potential for a successful close. iOption also offers the ability to select the expiration of your option from fifteen minutes to one month based on your trading style and marketing knowledge.
Opening an account is quick and easy and takes only a few minutes, which is significantly faster than opening a standard forex account. iOption requires your identification when depositing or withdrawing money for security concerns. Deposits can be made using a credit card, PayPal, wire transfer, and Moneybookers. Withdrawals can be made via the same channels and can take up to two days to process.
iOption’s customer support is available via chat, phone, and email. The broker makes it easy for its global network of traders to call in by providing phone numbers in twelve countries. Emails can be earmarked for particular departments so that traders can have responses from the appropriate representatives.
With extensive trading resources, iOption is a reliable option for both beginner binary options traders as well as experienced and professional traders.