Interested in profiting from binary options trading with iOption?
Want to know if there is an iOption scam or whether this is a reliable broker?
Online options trading is a highly rewarding investment that can increase your monthly income but that also involves significant risk. To avoid making costly mistake, read more about iOption and discover the benefits and flaws of this binary company.
On November 11th 2013 iOption stopped accepting new traders, and informed its sales-team and affiliates that the company was shutting down due to insolvency. It is rumored that iOption will file for bankruptcy soon.
Read our iOption Bankruptcy Guide for further assistance.
What is iOption
One of the most experienced and identifiable brands in the binary options field, iOption is a white label broker operating with the Spotoption trading platform (the same platform used by Cedar Finance), and offering a site available in 13 languages, including English, Portuguese and Spanish.
But, is this a reliable and trustworthy binary broker that can help you profit consistently? Before giving you more details about the iOption site, here is how iOption compares to the leading binary corporations:
TopOption is among the largest and fastest growing companies, and the reason for that success is related to its impeccable customer service, its unusually high payouts, its award winning free trading e-course, but most importantly, the fact that it is the only binary options company regulated both in Europe, and quoted on Nasdaq’s OTCBB. This safety gives you the tranquility to invest and profit from a top broker, which even offers VIP clients promotions that include a free iphone or ipad. With 95% yields and the guarantee of full regulation, TopOption is a top choice for your profit-making goals:
OptionBit meanwhile offers a very special advantage because it is the only broker that gives you free use of Algobit, the most advanced binary options signals service. This automated trading device is incorporated into the platform and allows you to benefit from the best market opportunities without having to worry about following trends and graphs. OptionBit is the second largest company worldwide, and it has all the educational tools you need to become an expert trader:
Many binary brokers suffer accusations of fraud, and iOption is no different, as rumors of an iOption scam surface sometimes in social sharing sites. Nonetheless, there is no truth in these allegations.
Binary options are a financial derivative that involves high risk and the need for risk management, as is clearly stated in the iOption site. Trading binary options without proper caution can definitely cause loss of funds, and it is not rare to see unsuccessful traders accusing brokers in various forums.
But matter of fact, this is mainly out of frustration. Even complaints of difficulties with withdrawals and transfers are mostly caused by inexperience. Regardless, iOption is an experienced company, and fraud should not be a cause of concern.
Nonetheless, it is true that iOption is not yet properly regulated. There is no hidden cause behind this situation, but rather some simple facts. Although the lack of regulation is still a disadvantage when trading with this binary broker.
Situated in the British Virgin Island for tax benefit purposes, and under legal ownership of iOption Global Group, this binary broker did not move to Cyprus when this European country was offering a regulation process. This decision not to move was probably triggered by the severe economic problems faced by this island nation.
But this decision backfired for iOption, because meanwhile, the regulation process advanced, and a few binary brokers have obtained full regulation, which has in turn opened the doors for working under supervision in all EU countries. It is probable iOption will begin seeking to initiate a similar process soon.
The iOption site
One way to verify the reliability of a binary options company is a quick look at the site. While some brokers offer a very simple interface with hardly any content, information or accessibility, others give clients a significant trading experience, adding valuable financial information, education centers and updates to their sites.
iOption has definitely invested heavily in enabling traders to have access to a variety of data, investment tools, trading options and other significant benefits. In this sense, this broker has done an excellent job.
Equally, the trading platform has a good interface and allows traders to operate swiftly and choose between currencies, stocks, commodities and indices with ease. The payouts offered are on the lower level of the average market yields, although this is not a major flaw, since binary options returns are always very high.
All in all, the site is a strong proof of the commitment this broker has to its clients, and that the talk of an iOption fraud should not be taken seriously. A company that has invested this much in improving the skills of its clients surely cannot be accused of jeopardizing their investment.
iOption Scam – Summary
- iOption was launched in mid 2010 and has since then been a major factor in the binary options industry
- The site offers several educational tools and can help you become a better trader
- Other brokers offer certain advantages that iOption does not have, although that of course does not constitute a scam
- Among the more meaningful means not available at iOption are proper regulation and free signals services, such as the ones given by Eztrader or OptionBit
- iOption does have an extensive Knowledge Center that allows you to learn trading strategies and improve your overall grasp of online trading
- iOption is a reliable broker and a viable selection for your investment funds