iOption Review
iOption Review: Trading for Beginners
iOption is another of the newer platforms available, founded in 2010. However, it has become very popular with beginner binary options traders due to the availability of the free personal account manager. There are benefits for professional traders too.
Free Personal Account Manager
The biggest benefit is the account manager, which is free for those who sign up for an account. This is someone who will help you understand more about trading, offer advice while trading and help you make the right decision. You could find that your investment increases dramatically and is perfect for those who are just starting out. However, it is important to assess everything that an account manager tells you and remember that you make the final decisions.
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100% Website Based
The platform is solely available through the internet. There is no need to download anything, whether to your mobile or your computer. This could be beneficial as many people prefer working over the internet. However, it does put the limit that you always need to have an internet connection to make your decisions and start your trades.
The website platform is completely secure, so there is no need to worry about other users finding out your details or stealing your money.
Plenty of Trading Options
For those who like variety in trades, there are 55 assets available, split up into commodities, indexes, stocks and currencies. This offers more chance of making money and the ability to have different types of trades happening at the same time.
The downside is the time of trading. The longest that you can set a trade for is 24 hours. For beginners, this is beneficial as it lowers the risk of losing out on money. However, it is not the best for those looking for long term trades and professionals. If you want to trade while away, you will either need constant access or set up a robot to make your decisions, which can be difficult to do. For ambitious investors, it may be worth looking into other binary trading platforms.
With so many different platforms available, it is important to review iOption. This is an excellent platform for those who are getting started in binary trading. There is a free account manager to help you understand more about the trading and assist with initial trades. However, for those how are more ambitious, it is worth looking elsewhere as it only offers short term trades.