ioption is no longer in business due to bankruptcy.
Ioption is a binary options company based out of Cyprus, yet they maintained an international following. They seem to utilize their own easy to use online trading platform, which makes them appeal to people who are looking for something a little more unique.
Once upon a time ioption offered up to 81% profits, which made them somewhat competitive in the industry. However, they mysteriously stopped issuing withdrawals and stopped returning clients' phone calls. After some research, we learned that they had a little internal scuffle, which ended in bankruptcy. Now there is a class action lawsuit hanging on their heads due to lack of payments.
Beware of any company connected in anyway to ioption or ioption global group.
TRADING OPTIONS AND FEATURES
The ioption platform offers a variety of trading option including:
MINIMUM DEPOSIT:
The minimum deposit for trades is 250 USD/EUR.
MINIMUM WITHDRAWAL:
The minimum withdrawal amount is 200 USD/EUR
MINIMUM TRADE:
Ioption offers minimum trades as low as 10 USD/EUR.
ACCOUNT TYPES AND FEATURES:
Starter: Welcome bonus, E-book, personal training course, education material, account manager, one free withdrawal per month, market news
Trader: Welcome bonus, E-book, 3 hrs. personal training per month, educational material, account manager, withdrawal funds two times a month without fees, market news
VIP: Welcome bonus, Consultation with an account manager any time, E-book, 3 hrs. personal training per month, educational material, account manager, trading signals, withdrawal funds two times a month without fees, market news
PAYMENT METHODS:
Credit Cards, Debit Cards, Money bookers, Deposit by Phone, and Bank Wire Transfer
LANGUAGES
Arabic, English, French, Italian, Spanish, Portuguese, and German
COMPLAINTS
ioption started out clean, however they closed their doors in a not-so-professional manner. They stopped returning phones calls, issuing withdrawals, and rumor has it that they stopped paying their staff. Yes, we know that companies do not always make it, but even failed companies should operate with professionalism. They posted a rather fishy notice of termination on their website, which seems to entitle them to a 150 USD holding fee per month if one does not make an attempt to retrieve their balance. They should be issuing everyone's money back, no questions asked. Instead, they found a way to make a little profit even after they lost their ability to offer services.
CUSTOMER SERVICE
The ioption customer service once offered 24/7 customer support via email, live chat, telephone, and open ticket, or through their contact center. However, they became increasingly more unreliable.
VERDICT
Do not open an account with ioption or anyone affiliated with them. They went bankrupt and closed in a questionable manner. 0 out 6 stars.
Ioption is a binary options company based out of Cyprus, yet they maintained an international following. They seem to utilize their own easy to use online trading platform, which makes them appeal to people who are looking for something a little more unique.
Once upon a time ioption offered up to 81% profits, which made them somewhat competitive in the industry. However, they mysteriously stopped issuing withdrawals and stopped returning clients' phone calls. After some research, we learned that they had a little internal scuffle, which ended in bankruptcy. Now there is a class action lawsuit hanging on their heads due to lack of payments.
Beware of any company connected in anyway to ioption or ioption global group.
TRADING OPTIONS AND FEATURES
The ioption platform offers a variety of trading option including:
- Up/Down
- 60-Second
- Option Builder
- One-Touch
- Rollover
- Double Up
- Competitive asset index including stocks, currencies, commodities, indices, pairs
- Market Reviews
- Educational opportunities: articles, webinars, videos
- Demo Tour
- Free e-book
MINIMUM DEPOSIT:
The minimum deposit for trades is 250 USD/EUR.
MINIMUM WITHDRAWAL:
The minimum withdrawal amount is 200 USD/EUR
MINIMUM TRADE:
Ioption offers minimum trades as low as 10 USD/EUR.
ACCOUNT TYPES AND FEATURES:
Starter: Welcome bonus, E-book, personal training course, education material, account manager, one free withdrawal per month, market news
Trader: Welcome bonus, E-book, 3 hrs. personal training per month, educational material, account manager, withdrawal funds two times a month without fees, market news
VIP: Welcome bonus, Consultation with an account manager any time, E-book, 3 hrs. personal training per month, educational material, account manager, trading signals, withdrawal funds two times a month without fees, market news
PAYMENT METHODS:
Credit Cards, Debit Cards, Money bookers, Deposit by Phone, and Bank Wire Transfer
LANGUAGES
Arabic, English, French, Italian, Spanish, Portuguese, and German
COMPLAINTS
ioption started out clean, however they closed their doors in a not-so-professional manner. They stopped returning phones calls, issuing withdrawals, and rumor has it that they stopped paying their staff. Yes, we know that companies do not always make it, but even failed companies should operate with professionalism. They posted a rather fishy notice of termination on their website, which seems to entitle them to a 150 USD holding fee per month if one does not make an attempt to retrieve their balance. They should be issuing everyone's money back, no questions asked. Instead, they found a way to make a little profit even after they lost their ability to offer services.
CUSTOMER SERVICE
The ioption customer service once offered 24/7 customer support via email, live chat, telephone, and open ticket, or through their contact center. However, they became increasingly more unreliable.
VERDICT
Do not open an account with ioption or anyone affiliated with them. They went bankrupt and closed in a questionable manner. 0 out 6 stars.