Our comprehensive test of the iOption platform

ioption-academy-binaire

The iOption broker is part of the first brokers to have arrived on the binary options market in 2008. It was founded by the group bearing the same iOption LTD name. Like many brokers, it has opted to offer its traders the use of the SpotOptions platform, which is the reference in binary options trading.

Trading with iOption

iOption allows opening an account with a minimum capital of 200 dollars for a minimum position of 10 dollars, which may enable less capitalized traders to trade with a minimum money management of 5% of their capital . The minimum position for the 60 seconds trading is 5 dollars because scalping requires a stricter money management.

However, be aware that opening an account on iOption through this link allows you to take advantage of an exclusive bonus of 100% instead of 30%.

This 100% bonus could help you improve your money management and thus trade with additional security.

The yield is about 85% for an average return on loss of 10%. These are not the highest yield rates but they remain very significant rates and they are on average proposed by the majority of brokers.

As to the proposed type of trading, it includes more or less what all other brokers offer along with The Up / Down, OneTouch, Option Builder and short-term trading with maturities of 60 seconds.

The iOption trading platform

As previously stated, iOption uses the SpotOption platform, where we will find the possibility to use this platform directly like all brokers using this technology.

spotoption-ioption-plateforme

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 iOption platform is also available in English.

It includes the possibility to push our option to the following maturity if we consider that it may be losing our expected maturity. There is also the possibility to double one’s option at any time before the regulatory time but also to resell one’s iOption option at the price that it is ready to redeem to you.

The Webtrader platform of the broker is where things are going to change.

webtrader-ioption-haut-bas

What I like about choosing iOption is the fact that it does not display the selection of the asset or the maturity from a drop down menu contrary to many brokers, which allows us to very rapidly select our asset and our maturity.

Furthermore, iOption allows us to trade via its platform on a selection of no less than 88 assets. With Currencies including some exotic pairs like the USD / ZAR (U.S. Dollar and South African Rand) or the USD / TRY (U.S. Dollar and the New Turkish Lira) but also the famous BITCOIN.

The other assets are Shares (Danone, Toyota …), Indices (S & P 500, CAC, DAX …) and raw materials (sugar, silver, gold …).

We find an ergonomic platform for trading with 60 seconds maturity since we have the possibility to follow our positions directly below along with the timer, that allows us to follow all of our open positions in real time. 

webtrader-ioption-60-secondes

On the One Touch, yields are much higher, up to 500%. However, be careful with this mode because it works in batches with 1 batch being equivalent to 50 dollars. The minimum bet is 1 batch.

webtrader-ioption-one-touch

The Mobile platform

iOption is part of the rare binary options brokers to have developed its own mobile platform, available for Android (downloadable from Google Play) or for Apple devices (downloadable from the Apple Store). The application is completely free. Thus, you can trade on the move but also carry out your withdrawals from the mobile platform.

Opening an account

iOption has filed regulation applications in some countries. (ioption accepts U.S. traffic also )For this reason and to obtain these regulations, it is already subjected to the international requirements and regulations that are applicable to brokers, particularly on the safety of its clients’ funds, with the following main rules:

1 Maintain a minimum amount of liquid assets or net capital

2 Take some measures to protect the clients’ funds and securities

3 Achieve and maintain accurate accounts and records

But also very specific rules imposed on brokers, such as:

1 A classification of clients

2 Clients’ complaints

3 Conflicts of interest

4 The protection of clients’ personal and financial information

5 A disclosure of risks

6 The execution of clients’ orders

7 Maintain the documentation relating to clients (Client Profile or KYC)

Thus, iOption is part of brokers with whom you can confidently open an account and carry out your deposit. With iOption, you can carry out your deposit by credit card, bank transfer and Moneybookers virtual portfolio.

 depot-ioption

The training center

iOption offers its traders a training center where they can find among other things videos and the opportunity to participate in live webinars. Thus, you only need to consult the calendar and select the webinar that you wish to attend.

ioption-academy-calendar

These webinars are available in 7 languages, including French and English.

Conclusion

iOption is a broker without pretension, ideal for novice traders. Its requests for regulation require it to comply with brokers’ standards . This allows new binary options traders to be able to confidently open an account with this broker.

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Comments

  1. Admin said: 08/07/2013

    Have you got any questions about the test of ioption platform ? Please submit your question here, we will respond very soon !

  2. Johhnny said: 21/03/2014

    Within the “licensed” brokers, who offers a similar platform to Ioption (ex. double down, trade extension, early exit)?

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