As an experienced trader I was looking for a new platform and ended up at IvoryOption. I wasn’t getting the payout rate that I wanted with previous brokers so I decided to switch up and try something else. Here is my basic review of Ivory.
The platform is great, very simple and intuitive. It moved really fast which was great because I’ve had trades ruined by slow processing. They have a ton of assets from all basic categories – Forex, stock, commodities, indices, and there are all the usual trade methods including High/Low, Long Term, Pairs, One Touch, 60 Seconds, Ladder and Spot Follow. I highly recommend the Spot Follow for traders who need a little help from more experienced traders. I like to make trades at about $100, but the minimum is $5 for anyone who wants it that low. Best of all they’ve got a super high payout rate of 87% – I don’t see that very often!
I always try to improve myself so I really liked the SuperTrader TV and all the videos it provided about trading in general, and how to maximize profits. The Market News was comprehensive and up-to-date which made it easy to predict how things would be moving based on the important news stories. They also have this awesome One-On-One Live Trading with experts. I had a session and it was pretty useful. Had all my questions answered and the guy was really smart about trading in general.
I had no problem depositing or withdrawing. I use a credit card but I saw options for debit cards, bank wires and CashU – for anyone who uses that. I made a couple withdrawals already and they were processed in about 5 days. I wasn’t charged anything to withdraw by Ivory. The minimum for deposit is $250 and it comes with a nice bonus. All you need to be able to withdraw is $100.
I only had to deal with customer support once but they were really friendly and got back to me quickly. I sent an email, but they’ve got a live chat on the site and phone numbers as well.
Overall I found it to be a good experience and I’ll continue trading with them. Some binary companies have a lot of issues with technical problems, or customer support, but everything ran pretty smoothly with IvoryOption. I would definitely recommend this broker to anyone looking for a better service like I was, or for anyone just starting out.