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Ikkotrader Review

IKKOTrader Review

Ikkotrader was one of the pioneers in the Binary Options market, launching in 2004. Since then they have established themselves as a leading broker for both beginners and trading professionals alike. It is a 100% web based Binary Options platform which requires no download with an easy to use interface that has not altered a great deal over the years – keeping its admirable simplicity. The website is well designed and easily navigable and provides the novice with clear uncomplicated instructions on how to start trading. This makes it one of the most accessible Binary Options platforms for the novice trader. With a long list of assets to trade and great payouts; Ikkotrader continues to be a trusted leader in the world of Binary Options trading with a growing number of investors from all around the world.

The Payout

Ikkotrader offers good payouts on your money, anywhere up to 75% depending on the asset being traded and its contract expiry time. There is also a guaranteed 10 % return of your investment if your trading prediction is “out of the money”. Whilst the returns are not the highest in the market, they are certainly competitive, and when coupled with the amount of assets on offer, Ikkotrader offers a good package overall, with plenty of profit opportunities in a good variety of assets.

Assets

As well as offering all the usual currency pairs, Ikkotrader provides a long and varied list of assets in which to trade, with the number and the variety, increasing at a steady rate. Trading is offered in the following markets:

•Forex Options

•Stock Options

•Commodity Options

•Index Options

Asset Index

Stocks: 11 Forex: 11 Commodities: 3 Indices: 5

Platform

The platform is 100% web-based and requires no download, meaning you can log in wherever you want.

Features of the Platform:

Stop Order: No

Limit Order: Yes

Market Order: Yes

Trailing Stop Order: No

OCO Orders: No

One Click Trading: Yes

Charting Package: No

Trade off Charts: No

Streaming News: Yes

Email Alerts: No

Mobile Alerts: No

Ikkotrader have two great unique features that really separate it from the other Binary Options brokers – Rollover and Double Up. Rollover is a powerful stop loss strategy that lets you postpone an assets expiry even up to the end of the day. This allows more opportunities to close “in-the-money”.

Double Up gives you the opportunity to increase the size of your investment before a contract expires. Proof of Ikkotrader’s pioneering status in the Binary Options market is their new latest feature – The Option Builder. This is aimed at the more experienced trader and allows you to personalize your own trading strategies by letting you choose the level of risk and the expiry time.

The range of languages offered on the platform include: English, French, Portuguese, Russian, Italian and German

Customer Support:

The site is available in 6 languages with support available via Live Chat, Telephone and Email. I had no problems contacting the customer support and my email was responded to within 3 hours. Although I did not need support in a language other than English, the response time and level of professional assistance was very impressive.

Reliability:

As one of the pioneers in Binary Options, Ikkotrader has had time to fine tune their operations and it shows. What is important to many traders is that the Deposits and withdrawals run without problems. I used the bank transfer option and my withdrawal request was met within working 3 days to my satisfaction. There is a long list of payment options for deposits and withdrawals and Ikkotrader provides a transparent and an efficient banking process. Ikkotrader are one leaders in Binary Options and have been around a long time, establishing a reputation for innovation and reliability

Pros:

•Easy to use platform available in many different languages

•Advanced features such option builder, rollover and double up create more profit opportunities

•Impressive growing asset list with plenty of variety

Cons:

•Unable to trade from the charts.

•No 60 second contract expiry yet.

•Not the biggest payouts

Summary

Overall I was very impressed with Ikkotrader. They offer features which simply cannot be found in other binary options brokers. I was very satisfied with the high level of professional support, and although their payouts are not the highest in the market, they offer an overall excellent package with good service, fine products and an easy to use website that appeals to both novice and experienced traders. I would give Ikkotrader a 9 out of 10 score.

Usability:

Reliability:

Support:

Assets:

Payout:

Overall:

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