Ikkotrader is a young binary option broker established in 2010 by the company IP International Service, which also comprises other brands of brokers. Although this company is headquartered in the UK (and not Cyprus), Ikkotrader is a very controversial broker with a reputation that continues to deteriorate.
Ikkotrader allows opening an account from 200 dollars with a minimum position of 5 dollars . However, the minimum bet of 5 dollars is only available for short-term mode, with maturities of 60 seconds. With the classical High/Low trading mode, the minimum allowable position is 20 dollars.
The maximum yield is 85% for a return on loss of more than 10%. This broker uses the SpotOptions trading platform, therefore we find the usual trading modes of brokers using this platform; namely the High / Low, the short-term with maturities of up to 60 seconds, the oneTouch and the option Builder in order to be able to choose one’s own timing and one’s own risk.
To open an account, Ikkotrader sees this as an original method because it allows you to spread your first deposit over several months. Thus, it offers 4 packages. The Gold pack with a deposit of 250 dollars per month +90% bonus to the infinity pack with a deposit of 3750 dollars per month and 90% bonus for a commitment period of 18 months. You must file 3 times that amount during the first month.
Broadly speaking, if you opt for the Gold package you will need to deposit a total of 5000 dollars over 18 months on your trading account with an initial maturity of 750 dollars and the next 17 maturities of 250 dollars. Ikkotrader will then offer you a bonus of 4,500 dollars.
However, because you can go through these different packages, it is possible to only deposit a minimum of 200 dollars. By making a deposit without going through the packages, you can also enjoy an exclusive bonus of 100% instead of 50% if you open an account with the Ikkotrader broker through this link.
With an account from 500 dollars, you can pretend to obtain VIP status, which grants you a certain number of advantages.
The images of this article are in foreign language because the test has been originally realized for the French version of the website. However, note that the Ikkotrader platform is also available in English.
As far as the trading platform is concerned, we find exactly the same feature as with the brokers that use SpotOptions. Hence, we find the opportunity to double one’s bet at any moment, to sell the option via Ikkotrader at the price that it is ready to buy it back for or even defer its maturity to the next one.
As far as the webtrader goes, we also find the same style as with the other brokers. It allows the ability to track one’s current positions directly to the right or the possibility to track multiple assets on a single page with the High / Low mode.
You can choose the “Fast” mode, which is very practical and allows us to directly reach up to 9 assets on the same page without their chart.
As we can see, yields are about 75% on average. The 60-second mode allows you to trade and monitor your positions directly below the trading zone.
You will be able to use all these trading modes from a selection of 65 assets, notably currencies that include some exotic ones such as USD / BRL (U.S. dollar and the Brazilian real) or USD / ZAR (U.S. Dollar and the South- African Rand), but also raw materials (gold, silver, oil), indices (CAC, DAX …) or shares (ROLLS ROYCE, Google, Microsoft…).
You can make deposits and withdrawals by credit card and bank transfer only. In case of problems, you can easily reach an advisor directly by live chat from the trading platform.
Ikkotrader is a very controversial broker and you can read many reviews from unhappy clients failing to withdraw the committed funds. This broker offers nothing new compared to other brokers using the SpotOptions platform, aside from the different packages that allow spreading one’s deposit, which is not an advantage in my opinion. Based on this, it is preferable to think carefully before choosing one’s broker and selecting one that offers the same platform but with a better online reputation.