This Broker lost the CySEC Regulation. For that reason the company that owned Interactive decided to close its operations from May 2016.
Interactive Option is a recent broker, they came into the market in 2013, although the parent company has been in business since 2005. Some review sites wrongly report it as being one of the oldest brokers, but in reality it isn’t. It is regulated by CySEC of Cyprus and it is one of the top on sites that monitor brokers. It is known for innovation, the variety of assets, and a complete training program.
The platform is one of the best on the market, which helps to explain its success. It is intuitive and easy to use. The Interactive Option platform is powered directly by Reuters with the financial data, which ensures speed, efficiency and financial asset prices without deviations.
Mobile trading is possible through an app. The application is called Interactive Option and it is available for Tablets and Smartphones, both Android and iOS. The application has all the resources that are available on the web platform and is free.
The platform offers a large variety of assets and types of binary options. It is one of the most complete brokers.
Interactive Option has a training academy. The trader has access to e-books, videos, webinars and online training that can be on the platform, basic, advanced and professional, depending on the type of account you have. For someone who has access to everything that the academy offers, it is one of the brokers with the best training center.
Interactive Option has no Demo Accounts. But it offers some risk-free trades, where they assume the trader’s losses.
Interactive Option offers up to 100% bonus on the first deposit, and for the minimum deposit of $250 they offer 100%. In reality this means that with an initial deposit of $250 you will have $500 to trade.
Deposits and Withdrawals
The methods are varied, bank transfer, visa, electronic payments such as Skrill, and Boleto for Brazil. Withdrawals must be made by the same method as the deposit was made. The deposits are fast, but the withdrawals are not so efficient. It takes between 2 to 5 working days to process the request and another 5 to 7 days for the transfer to be completed. To withdraw capital from your account, the account must be verified.
The broker charges 5% fees for withdrawals, unless you use Skrill. This broker offers better conditions if the trader uses Skrill, because it does not charge fees and processes the deposits and withdrawals faster than if you use another method. If you do not use this system, I recommend you choose another broker, because paying 5% in withdrawal fees doesn’t make sense.
It is one of the next-generation binary options brokers. Its positive points are regulation and all the advanced technology such as the platform, the website and the mobile application. In technological terms it is one of the most evolved and modern brokers. It offers a good variety of assets and types of binary options. It has a training academy with innovative and varied training systems.
As a less positive point is the 5% fee, while for anyone with Skrill there are no fees on withdrawals from the account.
Overall this broker separates small traders from large traders. For those who have large accounts it is a very competitive broker because it has excellent tools and policies. For small traders who have accounts up to $1,000 it is not as good as other brokers reviewed.
See more information below or see the Comparison Table of All Brokers.
Established - 2013
Headquarters - Cyprus
|Customer Service Channels||Live Chat, Telephone (+442070482055), Email
|Trading Channels||Website and App for Tablets and Smartphones (Android and IOS)|
|Deposits||Webmoney, Visa, MasterCard, Moneybookers, Bank Transfer, Maestro|
|Withdrawals||Webmoney, Visa, MasterCard, Moneybookers, Bank Transfer, Maestro|
|Asset Totals||Forex - 27 | Stocks - 87 | Indexes - 55 | Commodities - 11 | Total 180|
|Option Types||High/Low, One Touch, No Touch, Quick options, Long-term and Ladder|