Editor’s Note – Why does IkkoTrader Suck in 50 Words

As a veteran French Binary Options broker, IkkoTrader provide some of the most amazing bonuses and promotions in the binary options industry. The question asked is whether these bonuses are so good for the average trader, I’d say – NO. Read this IkkoTrader review for more information.

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IkkoTrader Full Review – Do the French like promotions?

IkkoTrader, launched around 2009, is among the pioneers of binary options. IkkoTrader was introduced to the global market quite some time before the rush to binary options gaining popularity especially within Europe and France in specific. IkkoTrader trading platform is based on the user-friendly SpotOption trading platform, hence they are 100% web based with no need for any software to be downloaded. As a leading binary options broker, IkkoTrader offer their customers some great promotions and bonuses, which in my opinion are above the average for the industry and therefore quite inviting, especially for new traders; One could invest up to 250$ and trade for 350$ or more. Other than those great promotions, trading at IkkoTrader is a fun experience and extra friendly to handle. Thanks to the great SpotOption technology, traders could enjoy more trading options and tools for better results. Trading options like the Options builder, 60 seconds options and the openPlatfrom are just some of these efficient trading tools, which together with the Roll Over and Double Up trading tools IkkoTrader compels a nice and modern set of trading options. The only bold downside of IkkoTrader are the below average return, with only 65-75% return for in the money and around 3% refund for out-of-money. Ignoring that slight disadvantage, IkkoTrader is a fine and inviting broker. So why does IkkoTrader Suck? Because of the crazy promotions. In case that’s the first article you’ve read on Binary Options the Suck, go back after reading this IkkoTrader review and check our articles section for more information about binary options bonus factor. Bonuses and promotions are good and welcomed always, but as they grow larger before even investing once they become a problem. As large as they get the bigger the problem could become. I was looking at the promotions offers by IkkoTrader, reading slowly to understand how is it even possible to deposit around 300$ and trade for around 2000$. I’m more then used to brokers who offer a welcome bonus of around 25-30% for a 250$ deposit, but giving away 30% for a Facebook like? Or what about 100$ for an e-pin? And the most crazy promotion of them all, invest 250$ per month and trade for 9000$? How’s it even possible, how could I not generate some profits? Let me provide you with some answers from my experience.

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Crazy Bonuses- is it good for you?

Bonus, Bonus, Bonus. I see too many newbie’s checking out bonus factors and promotions before even checking the name of the broker. Unfortunately, that’s mistake number 1, a crucial mistake should I say. It could also imply on a Binary Options scam. As I was saying before, welcome bonuses are not necessarily bad, but too much bonus could cost you too much. Checking out IkkoTrader terms and conditions could provide the average trader with some answers; withdrawing the profits is only available after trading 20 times the value of the bonus. So let’s say you’ve invested around 300$ and received bonuses in a sum of 300$ or more, you now have to trade for 300*20 in order to withdraw your profits. I know a few people who succeed doing it hence generating some great profits, but I don’t think the average trader (and that’s including me…) could trade so many times and for so much money without a proper experience and certain amount of luck. I’ve seen so many complaints by frustrated traders who just lost their money because they weren’t aware to that fact. They were saying that IkkoTrader is a scam; some said IkkoTrader is nothing but horrible fraud. I don’t want to join the excited crowd; I know that checking out these restricts could save me from a bad broker. Falling into this big vortex of bonuses and promotions could blind your eyes and your pocket in the end. Trade with traders like IkkoTrader only if you’re aware of the restrictions implied, and if you do believe it’s possible for you. Traders with more experience and better trading strategies could make high profits by trading with IkkoTrader. The higher the risks are, the returns will be the same. But before I make my conclusion about IkkoTrader, I would like to refer my readers to two major downsides: 1. I don’t like the way the returns are figured- instead of writing 70% return (like most brokers figure the return) at IkkoTrader the returns are figured as 170%. They mean the same but 170% seems much more and that’s a bit misleading. 2. Don’t know why, but every time I click at different tab the language becomes French. I don’t speak French and frustrating to change it every time from French to English. In conclusion- IkkoTrader is just not my cup of tea.

IkkoTrader Ratings

Since 2009. Trading Assets- 52 trading Assets. Minimum Deposit -100$, 100€. Payment- Credit cards, wire transfer, CashU, moneybookers. Options Profitability- 65%-75%. Out of money option refund-4%. Platform: SpotOption. Languages- 6 different languages including English, French and Spanish. Demo- no.

User Friendly 16/20

IkkoTrader website is based on a 100% web based SpotOption platform. The website is user-friendly and trading experience is quite fun.The platform is modern and graphically attractive. IkkoTrader website is cleanly organized and it is quite easy to locate the buttons. The demo tutorial is good and helpful. The FAQ section is quite messy, switches from French to English constantly. IkkoTrader is available in 6 languages, including English, French and Spanish.

No. of Assets and Expiry time 11/20

The total number of assets is 52 which include 16 stocks, 13 currencies, 4 commodities and 21 indices. IkkoTrader offers an average selection of assets available to trade, in my opinion too little for a veteran broker. The expiry times range from between 15 minutes until the end ofday. Touch options for weekend trading are also available.

Commissions, Support and Effective return 7/20

IkkoTrader don’t charge any fees or commissions from traders when they first deposit or purchase options. Withdrawals are charged with a 30$ fee only for money wire. All withdrawals have a minimum of 100$. IkkoTrader support and live chat isn’t the best in the industry. The effective return is below average with a maximum of 75% In-The-Money. The Out-of-Money refund is also below average with an average of 3%.

Deposit, Payment and Bonus 12/20

A minimum deposit of $100 is required for initial deposit at IkkoTrader, 250$ deposit is needed to be eligible for a bonus. Minimum investment is good, 20$ per trade. The deposit methods which are accepted by this trading platform are Money Bookers, Credit or Debit Card and Wire Transfer.Withdrawals are generally available via the same methods with minimum fees applied for certain methods. IkkoTrader offers many Bonuses and Promotions, certainly above average for the market.

Website Extra’s 15/20

IkkoTrader provides a nice set of trading tools and options, including Roll Over, Double Up, openOption, 60 seconds binary options and more. As a SpotOption operated platform, the trading technology provided by IkkoTrader is modern and extra user-friendly. There are also some market reviews by IkkoTrader and a live news feed bar.

IkkoTrader Rating 61/100

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