Since its establishment in 2008, iOption has quickly become one of the leading binary options traders in the market. The proposition sounds very tempting. You have to invest a small amount even though you know little about the international economy and you can earn a minimum payout of 75% on each of your investment. However, though it sounds easy, binary options trading is not determined by the roll of a dice or turn of a card. It is a form of international business – albeit a simple one which even small investors can take advantage of. So, you should know the process of iOption binary options trading to eliminate the guesswork as much as possible from your investment.
In order to trade iOption binary, you will have to follow these steps:
- The first step is to create an account with iOption. Click on register and follow a step by step process to complete this. It is easy and fast. Your account will be open when you receive a verification email.
- The next step is to deposit money in order to invest in iOption binary options. The minimum deposit is $100. You can use credit or debit cards, e wallets like Moneybookers or wire transfer.
- When money has been credited, you are ready to start iOption binary options trading. Choose from the list of over eighty assets provided by iOption. These include stocks, indices, commodities and currency pairs from different markets of the world. Choose an amount to invest in the asset.
- In order to be profitable at iOption binary options trading, you should take help of the many tools that iOption provides. Read the materials provided at the knowledge center; analyze the live news update; see what other traders are trading in; use the dashboard feature to get a synoptic idea of your own investments. All these will help you to decide wisely.
- If you think that the price of the asset will rise before the market expires, choose call option while if you think that the price will decrease, choose put option.
- Now you will only have to wait for the expiry. If you are right in your prediction – even by a small margin – you can end up with substantial profits.
- Your profits will be credited to your account. You can use the credit or debit card that you used for the deposit or the Moneybookers account to withdraw your original investment. Profits can only be withdrawn by wire transfer. It takes about three business days. The first transfer is free while others are charged at $30 per transaction.
Some points to remember while trading iOption binary
- Use the advanced techniques provided by iOption broker like rollover and double up to better manage your portfolio.
- If you register through affiliate sites, you may be eligible for bonus. Provide the code to collect it but go through the terms and conditions of withdrawing the bonus.
- As you become used to iOption binary, you can steadily increase your profits to as high as 400% per transaction.