IvoryOption Broker Review

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a Complete Guide for Binary Options Trading

IvoryOption is a new broker that just started its operations last year and is still hard to evaluate. We got to know this broker through a colleague of ours, who received an email from them even before registering. In our view, this is a little pushy, so we were set to investigate who are these guys and what is the deal with this broker.

There are many brokers on the binary options market now. In fact, so many that sometimes it is hard to choose. And while there is not enough information for us to give a final opinion about IvoryOption broker, we found out as much as we could. So, is it a total scam or there’s some hope for this broker? Read to find out.

Basic information:

Online since: 2020
Software: SpotOption
Max Returns: 85%
Minimum Deposit: $250
Bonus: 100%
Minimum Investment: $5
Maximum Investment: $5000
Currencies: USD, GBP, EUR
Mobile: No
Countries: All Countries except the USA and Israel

– Easy to use for beginner traders
– Withdrawal is made quickly
– Quick and friendly live chat support
– Simplicity of the platform

– Brokers from the USA and Israel are not accepted

Binary Minery Rating:

IvoryOptions Special Features

While IvoryOption’s website has a very simple layout, it has the majority of the features that traders require to begin trading upon signing up. They also have a new feature known as ‘SuperTrader TV’ which is an educational how-to section on their site which seeks to educate traders on the various products, trading strategies, asset types, technical analyses, as well as including live market reviews and workflows. All of this is presented in short and easily digestible videos; traders would be well-advised to take advantage of this feature prior to beginning to trade.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

IvoryOption also offers trading bonuses, which is a good way for traders to obtain more experience as such bonuses allow the trader to increase the minimum number of trades available for each deposit. This causes an increased market presence, and no doubt many traders would be willing to accept such bonuses. Currently, they offer a bonus of 25% for deposits exceeding $2,000, however, by negotiating with your personal account manager, it is possible to obtain even higher bonuses.

IvoryOption does warn traders about some of the drawbacks of such bonuses, noting that by allowing a higher number of trades, it is possible that more trades will expire out-of-money, which would lower a trader’s deposited amount. We consider this to be a fair practice. The current withdrawal requirement for funds that have a trading bonus credit is a minimum trading volume of 25 times the total amount of deposits plus bonuses.

In addition to the features mentioned above, IvoryOption also provides VIP trading signals.

IvoryOptions Trading Platform

When we tested IvoryOption’s trading platform for this review, we were pleasantly surprised. It is a web-based platform, running from the user’s browser (meaning no software download required), with good loading speeds. To get an even more detailed picture, we also tested the platform using lower bandwidth speeds, and the results showed that speed remained high with an uninterrupted data stream. Overall we rate IvoryOption’s trading platform as ‘excellent’, although we note that the lack of a mobile platform is a small hindrance for traders who are frequently on the go.

Through its trading platform, traders can access and trade the entire range of binary options products. Examples include traditional high-low options, long-term options, and pair options. Other higher yield and higher risk options would include touch options and ladder options, which can earn traders returns amounting to hundreds of percentage points, assuming the ‘cascade’ is executed properly. Each option offered also allows for various expiry times, ranging from a mere 60 seconds up to the end of the month.

IvoryOption’s trading platform also comes with its own proprietary special feature, known as the ‘Spot Follow’. This feature is a social trading tab, meaning that traders can look up other successful traders to learn their trading strategies or to even just copy them directly. By providing this feature, traders have access to a wide-range of peer-generated trading signals, giving them more data which they can incorporate into their individual trading strategies.

Screenshot

IvoryOption Support Information

Typical in most binary options brokers, IvoryOption offers live chat, email, and phone support. The fastest and most efficient method of getting support information would be by using the live chat feature, which will also give a good picture of its overall customer support performance. Alternatively, traders can also opt for email support, or phone support if they live in the following countries:

  • United Kingdom: (+44) 203-608-6720
  • Australia: (+61) 285-203-747
  • New Zealand: (+64)497-475-18
  • Singapore: (+65) 315-902-41
  • South Africa: (+27) 875-503-796
  • United States of America: (+13)473-322-860

Available on the website

Banking and Company Information

IvoryOption gives traders the option of using various credit cards such as Visa, Visa Electron, Delta, MasterCard, Diners, Maestro, Swtich, and Solo in order to make deposits into their account. Wire transfers are also possible. Note that all funds are converted either to USD, EUR, or GBP at IvoryOption’s own rate and that all wire transfers must come with authentic SWIFT confirmation. As mentioned, the minimum deposit amount is $250, which on par with the industry standard.

For withdrawals, minimum withdrawals are $100 via credit/debit card and $500 for wire transfers, which in our opinion is slightly prohibitive. After receiving a withdrawal request, the company will pay the specified withdrawal amount within 7 – 10 business days. A withdrawal order may be canceled should remaining funds post-withdrawal be insufficient to secure any open positions in the trading account. A plus point is that currently, the company does not impose any withdrawal fees for either credit/debit or wire transfers, with the company bearing all fees for wire withdrawals. Any fees imposed will be on the side of the client’s bank.

As a final point, we would like to highlight that IvoryOption, like many binary options brokers, is not regulated by any supervisory authorities, and hence traders should perform all due diligence possible when selecting their preferred binary options broker.

Additional information

Customer Service: Email / Live Chat / Phone
Languages: English
Trading Options: Binary, Ladder, Pair, Long Term, 60 seconds, One Touch, Spot Follow, Builder
Assets: Currencies, Stocks, Indices, and Commodities
Expiry Times: 60 seconds, 2 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hour, End-of-day, End-of-week, and End-of-month
Deposit and Withdrawal: Visa, Visa Electron, Delta, MasterCard, Diners, Maestro, Swtich, Solo
Withdrawal Time: 7-10 days
Demo account: Yes

IvoryOption Broker Review

IvoryOption was blacklisted after one of our colleagues got a spam e-mail from them even though he never signed up. This shows serious privacy breach and we decided to blacklist this broker.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

IvoryOption Special features

IvoryOption simple website contains most of the features traders will be looking for when they first sign up. The IvoryOption academy is the destination for everyone looking to improve their trading skills. The idea is to provide every trader with materials from which they can gain knowledge in the field of technical and fundamental analysis. The website has also a market review which packs an economic calendar that can increase customers’ readiness when trading market making events.

Trading bonuses are also another way to gain experience since they make the minimum number of trades available for a deposit higher. This increases the presence in the market. We are sure many traders will accept bonuses. With IvoryOption, there is a 25% bonus for deposits higher than $2000. However, by talking to your personal account manager, you can get even more.

IvoryOption is one of the fair brokers we encountered, warning traders about the fact that bonuses can mean also higher number of trades that end out of the money, thereby lowering the deposited amount for later withdrawal. turnover requirement is 25x of deposit and bonus.

IvoryOption also offers VIP trading signals.

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Become an IQ Option trader today

Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

IvoryOption Trading software

Trading platform we used for IvoryOption review testing was really excellent. It worked fast which is great since it is web based, meaning that it runs from the browser. We also tested it with lower bandwidths and it did not fail. The data stream continued to follow without delays.

Traders can use the whole range of binary options products. There are traditional high Low options, their super fast 60 seconds version as well as the long term options for traders preferring fundamental analysis. There are also high yielding one touch options that bring more returns, however, with higher risk. Ladder system can bring up to several hundred percent returns if the “cascade” is done right.

IvoryOption special feature is the Spot Follow – it is their own social trading tab on the platform. Social trading means that traders can find good traders from whom they can copy trades. This way they can have self generated signals that com from trading peers.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

IvoryOption Support information

IvoryOption support follows the well-known pattern in binary options where traders can use the live chat, email and phones to contact the support. As always, live chat is the quickest way to get information and a feel on how the support performs. If they do not help, traders can always turn to phone, especially if they reside in some of the following countries:

  • UK +442036951604
  • Australia +61384004017
  • Bahrain +97316198447
  • New Zealand +6498011146
  • South Africa +27875503796
  • Switzerland +41615880811
  • USA +14436926821

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Master the markets with IQ Option

  • Get a FREE $10,000 demo account
  • Start trading with only $10
  • Invest with a licensed and regulated broker

With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today!

Between 74-89 % of retail investor accounts lose money when trading CFDs

IvoryOption Payment Methods

Traders can use Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo cards with IvoryOptions. The well known, but slower method – wire transfer is also possible. The minimum deposit with IvoryOption i $250 which is in line with the industry.

When it comes to withdrawals, customers can always withdraw their initial deposit amount unless these are bound by some kind of additional term and condition arising from acceptance of a bonus or similar. In any case for that they need to use the same method. For profits, wire transfer must be used.

Withdrawals are free for credit/debit cards and require a $25 fee for wire transfers. It takes only up to 2 days to process withdrawals if all documents have been submitted. Minimum withdrawal is $100, which is a bit steep in our opinion.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker
Between 74-89 % of retail investor accounts lose money when trading CFDs

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

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