IvoryOption Broker Review

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Ivory Option Review

Ivory Option was an unlicensed binary options broker, owned by Arya Group LTD located in Bulgaria.

Their payment processor is Arya Group LTD, 117 Tsar Simeon St., 1303 Sofia City, Bulgaria. Their phone number is; United Kingdom: +44 203 608 6720, South Africa: +27 8 7550 3796, and email address is [email protected]

For common complaints by traders, read this article.

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Ivory Option Review

Ivory uses the popular SpotOption trading platform like quite a few other binary option brokers. Their website is only available in English. The Ivory Option trading platform offers Binary Options, Speed Trading in 30 & 60 seconds plus 3 minute and 5 minute options. Pairs Options, Long Term weekly and monthly options are also available for One Touch and Pairs binary options.

Copy trading is available via the Spot Follow feature. Returns and payout vary based on the underlying asset and expiry time, in general the EURUSD options are between 70% – 81%.

Ivory Option Review Binary Brokers

Ivory Option Not Licensed

The most important thing to check for when reviewing a binary options broker is a license. It is easy to determine if the broker is a scam broker or a legitimate binary option broker if they are licensed and regulated by ASIC in Australia or CySEC in Cyprus. Any broker that is licensed by CySEC falls under the European Unions laws of MIFID.

Ivory Option is not a licensed broker!

You should read the reviews of licensed brokers here.

Best Binary Options Brokers: 2020 Ranking
  • Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo

    Good choice for experienced traders!

WARNING from ASIC Australia

“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”

First you should check the new list of top rated brokers.

What was your experience trading with Ivory Options?

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a Complete Guide for Binary Options Trading

IvoryOption is a new broker that just started its operations last year and is still hard to evaluate. We got to know this broker through a colleague of ours, who received an email from them even before registering. In our view, this is a little pushy, so we were set to investigate who are these guys and what is the deal with this broker.

There are many brokers on the binary options market now. In fact, so many that sometimes it is hard to choose. And while there is not enough information for us to give a final opinion about IvoryOption broker, we found out as much as we could. So, is it a total scam or there’s some hope for this broker? Read to find out.

Basic information:

Online since: 2020
Software: SpotOption
Max Returns: 85%
Minimum Deposit: $250
Bonus: 100%
Minimum Investment: $5
Maximum Investment: $5000
Currencies: USD, GBP, EUR
Mobile: No
Countries: All Countries except the USA and Israel

– Easy to use for beginner traders
– Withdrawal is made quickly
– Quick and friendly live chat support
– Simplicity of the platform

– Brokers from the USA and Israel are not accepted

Binary Minery Rating:

IvoryOptions Special Features

While IvoryOption’s website has a very simple layout, it has the majority of the features that traders require to begin trading upon signing up. They also have a new feature known as ‘SuperTrader TV’ which is an educational how-to section on their site which seeks to educate traders on the various products, trading strategies, asset types, technical analyses, as well as including live market reviews and workflows. All of this is presented in short and easily digestible videos; traders would be well-advised to take advantage of this feature prior to beginning to trade.

IvoryOption also offers trading bonuses, which is a good way for traders to obtain more experience as such bonuses allow the trader to increase the minimum number of trades available for each deposit. This causes an increased market presence, and no doubt many traders would be willing to accept such bonuses. Currently, they offer a bonus of 25% for deposits exceeding $2,000, however, by negotiating with your personal account manager, it is possible to obtain even higher bonuses.

IvoryOption does warn traders about some of the drawbacks of such bonuses, noting that by allowing a higher number of trades, it is possible that more trades will expire out-of-money, which would lower a trader’s deposited amount. We consider this to be a fair practice. The current withdrawal requirement for funds that have a trading bonus credit is a minimum trading volume of 25 times the total amount of deposits plus bonuses.

In addition to the features mentioned above, IvoryOption also provides VIP trading signals.

IvoryOptions Trading Platform

When we tested IvoryOption’s trading platform for this review, we were pleasantly surprised. It is a web-based platform, running from the user’s browser (meaning no software download required), with good loading speeds. To get an even more detailed picture, we also tested the platform using lower bandwidth speeds, and the results showed that speed remained high with an uninterrupted data stream. Overall we rate IvoryOption’s trading platform as ‘excellent’, although we note that the lack of a mobile platform is a small hindrance for traders who are frequently on the go.

Through its trading platform, traders can access and trade the entire range of binary options products. Examples include traditional high-low options, long-term options, and pair options. Other higher yield and higher risk options would include touch options and ladder options, which can earn traders returns amounting to hundreds of percentage points, assuming the ‘cascade’ is executed properly. Each option offered also allows for various expiry times, ranging from a mere 60 seconds up to the end of the month.

IvoryOption’s trading platform also comes with its own proprietary special feature, known as the ‘Spot Follow’. This feature is a social trading tab, meaning that traders can look up other successful traders to learn their trading strategies or to even just copy them directly. By providing this feature, traders have access to a wide-range of peer-generated trading signals, giving them more data which they can incorporate into their individual trading strategies.


IvoryOption Support Information

Typical in most binary options brokers, IvoryOption offers live chat, email, and phone support. The fastest and most efficient method of getting support information would be by using the live chat feature, which will also give a good picture of its overall customer support performance. Alternatively, traders can also opt for email support, or phone support if they live in the following countries:

  • United Kingdom: (+44) 203-608-6720
  • Australia: (+61) 285-203-747
  • New Zealand: (+64)497-475-18
  • Singapore: (+65) 315-902-41
  • South Africa: (+27) 875-503-796
  • United States of America: (+13)473-322-860

Available on the website

Banking and Company Information

IvoryOption gives traders the option of using various credit cards such as Visa, Visa Electron, Delta, MasterCard, Diners, Maestro, Swtich, and Solo in order to make deposits into their account. Wire transfers are also possible. Note that all funds are converted either to USD, EUR, or GBP at IvoryOption’s own rate and that all wire transfers must come with authentic SWIFT confirmation. As mentioned, the minimum deposit amount is $250, which on par with the industry standard.

For withdrawals, minimum withdrawals are $100 via credit/debit card and $500 for wire transfers, which in our opinion is slightly prohibitive. After receiving a withdrawal request, the company will pay the specified withdrawal amount within 7 – 10 business days. A withdrawal order may be canceled should remaining funds post-withdrawal be insufficient to secure any open positions in the trading account. A plus point is that currently, the company does not impose any withdrawal fees for either credit/debit or wire transfers, with the company bearing all fees for wire withdrawals. Any fees imposed will be on the side of the client’s bank.

As a final point, we would like to highlight that IvoryOption, like many binary options brokers, is not regulated by any supervisory authorities, and hence traders should perform all due diligence possible when selecting their preferred binary options broker.

Additional information

Customer Service: Email / Live Chat / Phone
Languages: English
Trading Options: Binary, Ladder, Pair, Long Term, 60 seconds, One Touch, Spot Follow, Builder
Assets: Currencies, Stocks, Indices, and Commodities
Expiry Times: 60 seconds, 2 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hour, End-of-day, End-of-week, and End-of-month
Deposit and Withdrawal: Visa, Visa Electron, Delta, MasterCard, Diners, Maestro, Swtich, Solo
Withdrawal Time: 7-10 days
Demo account: Yes

IvoryOption Review

Trading Platform IvoryOption

Like most binary options brokers, IvoryOption uses the popular SpotOption trading platform due to its ease of use, flexibility, and reliability. SpotOption’s latest version now comes with new features on top of their essential trading tools, thus providing traders an improved trading experience. SpotOption now has mobile versions for iOS and Android devices, allowing traders to perform business using their smartphones and tablets.

The IvoryOption platform is 100% web-based and you need not download any software. All you need is an internet connection to make your trades. The platform’s pricing and execution modules are impressive, and the broker uses sophisticated technology to ensure your trading convenience, fiscal safety, and overall satisfaction.

SpotOption has the following unique features:

IvoryOption offers investor a professional, efficient, and well organized trading environment. Its online trading platform has been designed with the user experience in mind. It is easy to navigate and simple to use.

IvoryOption provides personal service by assigning an account manager to each investor. The account managers are assigned based on a trader’s geographical region and language. The account managers and customer support are available 24/7. You can contact support agents through phone, live chat, or email.

Investors’ funds are deposited in a segregated account. These funds are used only for trading options through the broker’s website, which also offers useful educational materials, articles, and videos for the benefit of traders.

  • Service of 24 hour marketplace
  • Free live trading seminars
  • Not regulated
  • Significant number of complaints filed against firm’s owners

Platform type: SpotOption

Platform Languages: English, Spanish, German, French, Russian, Chinese, Japanese, Italian

OS Compatibility: Mac OS, iOS, Windows, Android

Streaming News Feed: Yes

Email Alerts: Yes

Mobile Alerts: No

Company information IvoryOption

Located in: Gibraltar

Website: https://www.ivoryoption.com/

Founded in: 2020

Accepts US Clients: Yes

Phone number: (+44) 203-695-1604

Email: [email protected]

Account Options IvoryOption


Minimum Deposit: $250

Payouts Percentage: 85%

Deposit Options: Credit Card, Debit Card

Withdrawal Options: Credit Card, Debit Card

Payout Ratios: IvoryOption offers payout up to 85%.

Available Assets IvoryOption

Forex, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, French, Arabic

Customer Service Hours: IvoryOption offers 24/7 customer support.

Place Trades Over the Phone?: No

IvoryOption Trade types

IvoryOption offers the following trade types:

  • Pairs
  • Long Term
  • Short Term
  • One Touch
  • Ladder
  • Spot Follow

IvoryOption Trade accounts

IvoryOption offers three types of trading accounts:

  • Welcome bonus
  • Account manager
  • Email updates
  • Website live support
  • Training videos
  • Personal trading strategies
  • Trading asset analysis
  • Trading signals by email and Skype
  • 24/7 support from a broker consultant
  • For experienced traders
  • All features of the above two accounts, plus:
  • Additional liquidity of funds
  • Immediate withdrawals
  • Daily signals and trade advice

IvoryOption Position In Our Categories

Position of IvoryOption in our main categories:

IvoryOption is one of the top 50 Binary Options Brokers products

If you are considering IvoryOption it might also be a good idea to investigate other subcategories of Binary Options Brokers gathered in our base of B2B software reviews.

It is crucial to keep in mind that virtually no service in the Binary Options Brokers category will be a perfect solution that can match all the goals of all investors. It may be a good idea to read a few IvoryOption reviews first as specific solutions can actually excel exclusively in a specific geography or situation or be prepared with a very specific customer in mind. Others may work with a goal of being simple and intuitive and as a result lack complicated features needed by more experienced users. There are also services that cater to a large group of users and give you a complex feature base, however this frequently comes at a more significant cost of such a software. Make sure you’re aware of your requirements so that you pick a service that offers specifically the features you look for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and IvoryOption reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with IvoryOption. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Best Binary Options Brokers: 2020 Ranking
  • Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo

    Good choice for experienced traders!

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