Editor’s Verdict
Overview
Review
Headquarters | Cyprus |
|---|---|
Regulators | CySEC |
Year Established | 2005 |
Minimum Deposit | $250 |
US Persons Accepted? |
Interactive Option, founded in 2005, is a brand name of K.J.W. Krisworld Development Ltd . Interactive Option is domiciled in Cyprus and is regulated by CySec. Reliability, security and simplicity seem to be the key words at Interactive Option which has become one of the market leaders in online trading.
General Information:
Founded: 2005 Minimum Deposit: $250 Minimum Trade: $5 Maximum Payout: $8000 Bonus: 100% Languages: French, English, Arabic, Russian, German
Platforms and Accounts
Interactive Option offers a wide selection of trade options and methods such as Up/Down, 60 Seconds, Pairs and more. 4 different accounts are available and a clearly laid out comparison chart makes choosing an account easy.
The Blue Account requires a minimum deposit of $250 and offers a choice of 80 assets and 2 risk free first trades. $1000 is the minimum deposit needed for the Silver Account which also offers 2 free trades of up to $100, 120 assets, weekly financial analysis and weekly promotions. With $4500 you can open a Gold Account, receive 2 free trades of up to $300, a choice of 180 assets (commodities , stocks , indices , currencies ) and a personal advisor. For those who can open an account with $10,000, the Platinum Account is the account of choice. There are unlimited assets to choose from, a welcome bonus of $500, promotional training and more.
Interactive Option offers a nice selection of promotions. At the time of this review, their summer promotion was in place with 3 risk-free trades and a free 1 on 1 training session with their in-house experts.
Deposits and withdrawals are made via the usual methods and the maximum amount permitted in any single option is USD 5,000 or its equivalent in other currencies.
Features
When it comes to education, Interactive Option offers account holders a wide range of live trading events, webinars and classes and each one of their traders is offered free access to their Trading Academy.
Customer support is provided via Chat, email and phone to seven different countries including Saudi Arabia.
Generally speaking the Interactive Option site was easy to navigate and most of the information was clearly displayed. I had a hard time finding any information about their trading platform and tried to get that information by chatting with a representative. I was disappointed when he told me that they use Netdania.com, which is basically an application not a platform. After additional research, I found that Interactive Option is powered by Spotoption, but this information was not to be found on the site.
I was also surprised to see there was no demo account available.