iOption Rating Score – 83/100
iOption are based in Cyprus and were established in the beginning of 2010. The website is web based, allowing you to trade from any location. They offer trading to both newcomers and professionals, which is something not all trading platforms out there offer to their traders.
Traders have had a lot to say about the Demo, because it is free and allows you to get started in an easy way with binary options trading. Also, from the outset of trading you have a personal account manager who is there to assist you every step of the way.
If you are new to binary options, you may well find iOption to be the preferred choice if you are serious about making money on the capital markets.
IOption is a trading center for traders of all types, which makes trading with this broker so unique. There are more advanced trading platforms on the market, but this one is one of the easiest to use.
There are all sorts of payment methods that make the trading experience much easier, as traders can deposit with credit card, PayPal and other leading methods. On top of this, the platform is fairly secure, as it uses the Security Sockets Layer system.
With nice gadgets all over the website, this broker is far easier to trade with than some of the other ones out there.
No. of Assets 10/10
There are a total number of 81 underlying assets for traders to pick from. These are 7 commodities, 27 indices, 34 stocks and 15 currencies.
Expiry Range of Options 6/10
You can choose from 3 different expiry times. These include 15 minutes, 1 hour and 1 day expiry times. Good for beginners, but not enough choice for the advanced traders out there.
Effective Return 10/10
iOption has a lot to be proud of with their return rate. In the money offers traders up to 75% and out of the money offers a high return rate of up to 15%.
This broker has a good language choice, which includes the following: English, Spanish, Arabic, French, German and Italian.
Trading is easy with iOption as there are no commissions. Withdrawing with credit card, E Wallet and PayPal are free. But there is a hefty charge for wire withdrawals of $25.
Loyalty Offers 7/10
This broker has a lack of information provided on their website about any loyalty offers. It is rumored that there are good bonuses for new customers.
Payment Methods 9/10
There are many ways to deposit to your account: MoneyBookers E Wallet, cashU, PayPal, wire transfer and credit card.
Support Quality 10/10
There are a dozen customer service numbers which you can contact iOption by. You can contact them through telephone, email, fax or live chat, and their team is top quality.
Website Extras 8/10
iOption does offer some attractive extras which helps the average trader that wishes to get a basic understanding of binary options trading. The Economic Calendar and Demo features are useful in allowing the trader to stay up to date with events and start practicing their trading.
The Reuters news and market review sections are the keys to staying ahead of the market developments. These and the Asset Index are crucial to trading binary options successfully at iOption.
The ability to trade binary options from the homepage are what traders enjoy the most with the chance to easily check past and recent positions as the trading days unfolds. This broker doesn’t offer the most extras, but the ones on offer are top quality.