It’s best to be careful when trading binary options. Many companies make promises that they can’t deliver on or provide shaky platforms with technical glitches or slow processing which can affect trades. Traders should learn the basics of the platform they want to use thoroughly before starting. Here are the basics of IvoryOption.
IvoryOption has a quick moving, easy-to-use platform. No glitches or lag time with trades. All major asset groups are provided for trade (stocks, commodities, currency pairs, and indices) as well as the basic trading methods (High/Low, Pairs, Ladder, Long Term, 60 Seconds, One Touch and Spot Follow for social trading). Whereas a lot of platforms have a lot of unnecessary and flashy extra content that gets in the way, Ivory’s site is nice and clean making it easy for users to navigate effectively. Minimum trade amount is $5, and the payouts are very high at 87%.
Deposits & Withdrawals:
The deposit system is nice and easy. Several deposit options are given including credit/debit cards – Visa, Visa Electron, MasterCard, Delta, Maestro, Maestro UK, as well as wire transfers and CashU. Minimum deposit amount is $250 (or equivalent in currencies which are accepted – GBP, EUR). Withdrawals take about 5 days to process and there is a minimum of $100 for making a withdrawal. No complaints or issues concerning depositing money or withdrawing it.
Many binary companies offer continuing education and Ivory does as well. They provide SuperTrader TV which has an abundance of great trading videos to help traders better understand how to make good trades. There is a Market News section with all relevant global news which is a very useful tool for understanding how and why asset prices will change. IvoryOption also offers One-On-One Live Trading by appointment where traders can literally work one-on-one with an expert trader who can answer questions, guide trades, and explain some of the more complicated problem areas.
Customer Service & Extras:
Customer service can be reached through live chat, email, or by phone for which there are different numbers that can be used according to location. Users can expect prompt answers from staff without having to wait long periods to get a reply. IvoryOption offers a Refer-A-Friend bonus specifically for people who bring in a new trader who makes a deposit. The bonus goes to both the new trader as well as the existing one. Regular bonuses to increase trading capital are also given out for deposits.
IvoryOption’s straightforward approach to binary options trading is refreshing. Traders looking for high payouts will like this platform, as well as any trader starting out who wants a broker who offers a lot of help and encouragement.