PayoutThe binary options broker offers a payout of 68 percent to 75 percent on all successful trades. If the option expires out-of-the-money (unsuccessful trade), the trader is paid back 5 percent to 10 percent of the investment in order to help them to minimize their losses.
DepositThere is no fee to open an account on the IkkoTrader binary options trading platform. Anyone can open an account and use the demo platform provided by the broker to practice binary options trading. As when they feel that they are equipped enough to trade on the real platform, traders can deposit money into their account and carry out binary options trades.
Clients can deposit funds in US dollar or Euros. However, once they choose their desired currency at the time of opening their trading account, they cannot make any changes later. All trading activity calculations will be based on the chosen account type.
The minimum amount to be deposited to start trading is USD200 or EUR200 depending on the currency chosen by the trader. The maximum deposit allowed based on the method of transfer of funds is as follows:
Credit card – $5,000Western Union – $10,000Wire Transfer – Unlimited.
IkkoTrader accepts payments through major credit/debit cards like MasterCard, Visa and Maestro; wire transfers, cashU and Skrill.
Progressive deposit bonus
- Deposit $250 or more and earn a 25 percent bonus.
- Deposit $500 or more and earn 50 percent bonus.
- Deposit EUR1000 or more and earn 100 percent bonus.
- Traders can add IkkoTrader's e-pin on their Facebook profile picture and earn $100 bonus.
- Traders who join IkkoTrader on Facebook get a 30 percent deposit bonus.
Traders can also refer a friend and earn gifts.
Account OptionsIkkotrader makes available to its customers five different types of accounts depending on the amount of money they deposit. These are as follows:
- Silver – EUR500 to EUR5000
- Gold – EUR2000 to EUR25000
- Gold Plus – EUR5000 to EUR25000
- Black – EUR10000 to EUR50000
- Infinity – EUR75000 to EUR250,000
Trading Instruments/Risk Management toolsIkkoTrader offers and number of trading instruments, including the traditional High/Low, One Touch, Option Builder and 60 seconds. One Touch options allow traders to earn as much as 500 percent profits. In One Touch trades, the underlying asset’s price has to touch the specified price only once during the contract expiration period which is generally a week. In the case of the Option Builder, traders have the flexibility to personalize their trades and control their risks. They have the freedom to select the asset they prefer to trade on and set the contract expiration time and the profit they want to earn.
The 60 second options enable traders to make short-term trades and get results fast. Open Platform is a new feature that has been incorporated by IkkoTrader in the trading platform. This feature enables traders carry out their trades on a bigger screen. It also helps stop trades before expiration time in the case of some underlying assets.
The other user-friendly features of the IkkoTrader platform include the Double Up as well as the Rollover. In case the direction of the asset’s price predicted by a trader goes on a roll, the trader gets a chance to execute a new trade as per the conditions of the previous trade. However, the new trade has to be carried at the asset’s current price. Traders can make use of this feature to double the profits.
The Rollover feature helps traders to postpone the expiration time of their contract if the market happens to work against them. This feature helps traders to cut down their losses. It also provides them with an opportunity to close the trade successfully at the next expiration time.
Assets OfferedThe underlying assets from the currency, stock and commodity markets as well as indices that are offered for binary options trading by IkkoTrader are as follows:
- Stocks – 20
- Currencies – 13
- Commodities – 6
- Indices – 21
WithdrawalIkkotrader allows its clients to withdraw money from their trading accounts through credit card (if they have deposited funds through credit card) or by way of wire transfer.
The company stipulates that traders have to withdraw a minimum of USD100 or EUR100. The binary options broker does not charge any fee if the trader is withdrawing funds by way of his/her credit or debit card. On the other hand, if the trader withdraws money through wire transfer, the company levies a fee of $25.
SecurityIkkoTrader utilizes the Secure Sockets Layer or SSL technology in order to ensure that all the transactions that their clients execute on their platform are secure. In case the trader’s browser fails to support the security system, the client will immediately receive a notification.
Customer SupportWhen it comes to customer support, IkkoTrader services their clients through telephone, email and live chat. The platform is available in multiple languages: English, Spanish, Italian, Russian, French, German and Portuguese. Further, the company provides customer service 24/7 in all of the languages mentioned here.
- The easy-to-use web-based platform supports multiple languages
- Provides advanced features like option builder, double up and rollover
- Makes available a great deal of assets for trading
- Offers a demo platform
- Offers mobile apps
ConsThe payout for in-the-money and out-of-the money trades are low
Final ThoughtsSummarizing, IkkoTrader strives to offer a great deal of good features on their binary options trading platform for both beginners and experienced professional traders. They make available a varied range of assets for trading and an assortment of trading instruments. They also offer risk management tools which help traders to either maximize the profits or minimize the risks. Their platform is very intuitive and this makes it easy for traders to make good use of the various tools.