Ikkotrader Review
Ikkotrader Review
February 29, 2012Ikkotrader – Binary Options Broker
Background
Ikkotrader was launched in 2011. The platform is 100% web based and as such does not require any download in order to start trading. The website is very easy to use and intuitive. Both novice and experienced traders can profit with relative ease.
Main Strong Points
The payout on the website is particularly high, attaining up to 180% payout, one of the highest of the market and traders can earn up to 168%-175% of their original investment. The return rates for options expiring “out of money” are of 5% to 10%.
Additional Strong Points
- Quality Client Support
- Wide choice of Options
- High Payouts
- Clear and Simple Interface
- No Commissions
- Personal Training
- Secure Trading Platform
- Timely Payments
Limits
Traders can invest a maximum of $1,500 per trade and a minimum of $20.
The minimum deposit is $200.
Usability
The website is very easy to understand and intuitive, so that the users don’t have to look for too much explanations in order to start trading. The registration process is also very quick and simple. The site’s FAQ section is comprehensive and informative, in case the trader needs more basic info about trading or the website’s functionality.
Ikkotrader allows for a comprehensive view of the trader’s history, including all the options traded, their rate and of course the gains and losses. Online Traders can quickly view their settled options, open options, banking history, bonuses and much more. When withdrawing money, a buyer must send authorization documents as proof of identification. Though this slows down the process, it common industry practice and ensures a smooth and secure transfer. The official company policy is that once all documents are authorized, the withdrawal is processed within 3 business days.
Range of Assets
IkkoTrader offers a plethora of assets that are made available for its trading platform. The Traders can choose between more than 40 different items which consist of 6 commodities (Coffee, Sugar, Gold, Silver, Platinum and Oil), 11 currency pairs, 8 indices and 18 stocks (ex: Barclays, Gazprom, Danone, British Petroleum, etc).
Expiry range of Options
The Ikkotrader website has a a diverse offering of expiry ranges so that traders have more control and increase their chances of making gains. The expiry times range from 15 minutes to one month after the execution of the trade.
Effective Return
Thepayouts at Ikko Trader are very high and traders can earn up to 168%-181% of their original investment. The return rates for options expiring “out of money” are of 5% to 10%.
Languages
Ikkotrader website is published in 6 languages – English, Spanish, French, Russian, Dutch and Portuguese. The Ikkotrader Customer Services agents respond to online queries in French and English.
Website Extra Features
IkkoTrader offers different types of binary options.
The One Touch Options are available the week-end, which allows the trader to keep on trading even during the closure of the main stock markets. The assets available for the One Touch Options are exotic assets which are traded during the week-end such as USD/RUB, USD/TRY, Platinum, DSM20 (Qatar Stock Index) etc.
Builder Options are aimed at more experienced traders who wish to have more control over their trades and “customize” the assets, expiry times, and amounts of trade.
There are two additional special features on the website which makes this platform unique: Roll Over and Double Up.
The Roll Over feature gives a possibility to postpone the expiration time of a trade. Enabling this option requires an additional investment of 30% on top of the initial investment. However, if at the postponed expiration the option is “in the money” the profit will also be 30% higher.
The Double Up feature allows the trader to create a new option with the same conditions as one already purchased. This way the profits can be doubled with just one click.
Fees/Commissions
Ikkotrader claims it does not charge any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they desire.
Loyalty Offers
Ikkotrader has various offers and promotions for traders and is very generous concerning bonuses to the traders which can also be provided by simple decision of their personal consultant, without referring to all the offers appearing in their webpages.
Payment Methods
The currencies supported for the trading accounts are US dollar and euro and the payment methods accepted at Ikkotrader include all major credit/debit cards (Visa, MasterCard and Maestro) and wire transfers.
Support Quality
Ikkotrader consultants are available 24/7 and can be reached by chat, phone and e-mail.VIP
traders benefit from daily analysis of the market tendencies in their e-mail, while the others need simply contact their personal consultant in order to get professional advice concerning today’s financial markets trends and analysis.
Conclusions and Recommendations:
Ikkotrader is a new but very exciting trading platform geared for the more European players. When I chatted to the support they knew their job and were very polite and courteous. The return on investment is significant, and on the overall we give them a rating of 8.5/10.
Click Here to Start Trading at Ikkotrader
