The iOption binary options broker is perfectly suitable for the novice traders who have started binary trading without prior knowledge or experience. The primary advantage of this trading software is that it makes the use of Spot Option software, which is really convenient for use and once you are able to initialize your trading, it will really weave you through the astounding world of binary business.

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The major trademarks of this company are fast customer support, reliability and security.

iOption Features

 To speak about the features provided by iOption, it can be said that the company has quite a number of features for their clients. Firstly, the starter level feature which provides the option for availing an account manager, training and experience about binary trade, daily views and also market alerts on a deposit of $250.

The next is the trader level feature for which one has to keep a minimum deposition of $1000. You will be able to get 30% of bonus, 2 free cash out per month, insurance for client protection and also a 3 months direct course.

Lastly, the VIP level feature for which one has to keep $2500 as deposit, you can get a 40% bonus, a personal analyst to help you make the deals, a platinum visa card and a signal service for 30 days.

iOption Withdrawal Issues

Though it can definitely be said that the company has been offering a lot of features but, it cannot be said that all the features are absolutely beneficial for the traders. Speaking about the iOption withdrawal process, it is not as simple as in the case of depositing the amount.

The withdrawal process is really long and time consuming that the majority of the traders have been fed up of this process. There have been a lot of complaints which depicts the fact that, the iOption withdrawal really needs to rethink their process.

The verification process before the traders can make iOption withdrawal takes almost 2-3 business days to complete. This includes providing a lot of documents like a government issues photo identity proof, a permanent address proof and finally a copy of the credit card by which the deposition was made.

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Always be careful what kind of information do you provide to your broker. There are cases of financial fraud by some unregulated and scam brokers.

According to the latest researches 24Option is considered as Top Reliable Broker.

It is known that the whole process is actually to prevent any errors while the money is being transferred, but so long time for only the verification is a real test of patience for the traders. After the verification is complete, he trader has to wait for at least 7-8 business days for the whole amount of money to be transferred to their account.

iOption Withdrawal Complaints

Not only the withdrawal process, but the bonus features that are offered by the company are also not much beneficial for the traders. This is because the real fact behind the bonus is that, you will not be able to withdraw your bonus or rather any amount unless you have made a trade of double the amount of the bonus.

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This feature is to attract huge traders for the expansion of their business. The bonus feature of iOption withdrawal have raised a lot of questions regarding the fact that, if the company is not able to keep up with their promises offered by them then what is the use of the added offers.

Excepting the iOption withdrawal issues, the company lacks a free demo account. Thus, irrespective of being helpful for the novice traders, it also puts them at risk because, without prior experience or demo account a person has the possibilities to lose a lot of cash at the first go.

Conclusion: iOption Withdrawal Policy is NOT Satisfactory

After making detailed research and trying out the withdrawal policy of iOption, our team concluded that iOption has a slow and complicated withdrawal process. Our research shows that there are other brokers with a much more satisfactory withdrawal policy. Currently the broker with the fastest withdrawal approvals is BinaryMate – 2 working days on average.