iOption Review
iOption arrived on the scene in 2008 and it is one of the first trading platforms approved by SEC. This platform has been very slow in its progress however gradually over the years it has built a name for itself. This platform is a well designed one and is completely web based. This means that in order to trade here traders do not have to rely on software. The platform can be accessed from any part of the world without hassles at all. This platform is based in Cyprus and it has received quality feedback for its sales team that is high in quality and performance.
Trading Interface
If you check out the trading interface you will find that this platform has been designed with care and it has a navigation that is very straight forward. This trading platform is very good for new traders that wish to know more about the platform and the type of trade before they begin. There is also contact support that you get for new traders and if you wish you can also take a demo tour on how the trading platform can be used.
Payouts
If you are checking binary options platform you will find that the returns that are provided by ioption are very high. The traders are able to get 85% on one trade. The payout depends on the type of asset that has been selected. If traders are looking for ways and means to trade in the weekend they can easily do so with the aid of the One Touch Options to keep their positions in the market till they are able to reach their targets and goals.
Along with this option traders are able to make about 400% returns. This may seem encouraging however it is not as easy as it sounds. In case you do not achieve the target you lose the whole investment. The trader under this platform will not get out of money cashbacks. The money can be withdrawn without hassles at all via credit card, wire transfer and Moneybookers E wallet.
When you are using this platform you will find that the withdrawal takes about seven business days. Once the process has been set and established it is anticipated that the whole process will take about two business days. This is a very slow process and it is caused due to the scarcity of payment options only. There are four major markets in the binary options form of trading and the assets that are traded in are commodities, forex, indices and commodities.
Pros and Cons
When it comes to the advantages of iOption you will find that the interface is one that caters well for both novice and experienced traders. There is a wide range of assets that you can trade in. When it comes to the disadvantages you will find that there is no demo account provided in this platform. Here you have to deposit a minimum of about $100 for getting a trading account. There is just one free withdrawal option available every month. The subsequent withdrawals will incur fees for each withdrawal.
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