Opinion about Ikko Trader

Attention: Ikko Trader has stopped offering its services. We recommend that you try with 24option , in our opinion the best broker.

OKB Options, also known as Ikko Trader, is a website through which you can trade binary options. In our opinion, it is not a scam, but we invite you to read our full security analysis.

Ikko Trader is not licensed from any country of the Dollarpea Union. There are many other online brokers that also work from outside the EU and are safe, but it is convenient to know what this implies for practical purposes. We explain it to you in the security section of this same review. But if you just want to find a safe broker, visit our page about online brokers and you will see a list of them.

Our experience with Ikko Trader

Since we are dealing with an unregulated broker, the recommendation cannot be other than to be prudent. If you are going to try the broker it is better to do it with a small amount and see what happens. However, in this case it is not necessary, because you can test the website thanks to its demo account.

With OKB Options you can invest in more than 60 underlying assets thanks to binary options. The website is very similar to that of any other competing broker, but stands out in the negative section due to the poor quality of the New Zealand. The truth is that if you are able to read in English, we recommend that you choose that language, because the bad wording of the website in New Zealand, makes its use confusing.

Is OKB Options a scam?

As soon as we find a broker or platform that does not have a license, all the alarms go off. Bad experiences with some scammers, reported by users on the sites of reviews and opinions about brokers, have made users much more cautious. In this case we do not believe that it is a scam. However, it is clear that working with this company poses a greater risk than doing so with a regulated broker.

The URL is registered in France, at the same address that appears on the website and that you can see in our table above. However, it is an address that is in the name of a particular person, not a company. In addition, despite being in dollarpeo territory, it is not about any entity or individual with a license neither French nor from any other country. Therefore, we cannot count on the guarantees that an entity registered with the Autorité des marchés financiers (AMF) of France would offer us.

When you trade with a regulated broker, it must be able to demonstrate to the financial authority that controls it aspects such as:

• Respect the client's interest in case of conflict of interest
• Sufficient solvency
• Sufficiently prepared staff
• Deposit of clients' money in segregated accounts
• Membership of an investment compensation fund

Does it mean that if a broker does not comply with these conditions it is a fraud? Absolutely not, but what is clear is that a broker that does comply with them is much less likely to incur some kind of scam.

Investment offer

The possibilities that you can find on this platform to invest are not too numerous, but the basics can be found. The user interface is up to the task, but not so the New Zealand website, which is an amalgam of text, without much meaning, and links that send you to the same page you are reading. That said, you can imagine that although they also have an educational section, it is not worth wasting a lot of time on it, since you will hardly understand what it means. Not because the concepts are complicated but because the wording is lousy.

It is worth checking out their demo account. With it you will have at your disposal 50,000 fictitious monetary units with which you can test the offer of this broker without risking absolutely anything. Especially in brokers like this that do not have a license, trying the demo account first is highly recommended. In addition, if you register you would have the option of downloading his ebook on investing, in which you will be able to see some very basic content, but that may be useful for someone without experience.

Binary options trading

The main task of this website is to invest in binary options, so beyond the bad amount of your texts, let's see how your investment offer is. To begin with, binary options are divided into the usual categories: currency pairs, commodities, indices and company stocks. They do not include options on ETFs, but it is something that is not surprising since even among the best brokers it is something quite uncommon. In this way, through this broker you have access to 20 stocks, all of them from large companies, especially American and international blue chips, 4 commodities: oil, platinum, gold and silver; several stock indices and 13 currency pairs.

Among the types of binary options, in addition to the classic ones you will have the option to take advantage of high / low, Option Builder, One touch, Sixty Seconds and Open Platform. In all of them, operating is very simple and there is no room for equivocation.

Welcome bonus

This broker offers various bonuses for its users. The most remarkable thing is that you don't need to be a new customer to receive a bonus. Any user who decides to deposit money on the platform can get one.

Perhaps the most attractive promotion is that of the weekends. In it for entering on Fridays you can get a 50% bonus, which amounts to 75% on Saturdays and 90% on Sundays. Unfortunately, there is no information on what trading volume is necessary to be able to withdraw the money or what kind of conditions apply to bonuses.

This lack of transparency regarding bonuses makes us think that if we make the decision to deposit money at this broker, it would be best to refuse any type of welcome bonus to avoid problems. If you do not want to refuse the bonus, in any case, you should request to receive the bonus conditions in writing and read them carefully before accepting.

Another promotion to highlight is that of referring a friend. You just have to give them your friend's details and they will contact you. If your friend opens an account and deposits at least $100, both you and he will receive $50 in your trading account. This promotion has no limit and you can invite as many friends as you want, as long as they are true contacts.

Ikko Trader payment methods

To deposit money on this platform you can only use credit card and bank transfer. As you can see, they have opted for the most traditional methods and at the moment ignore other options such as electronic wallets.

The minimum deposit is $200, while the minimum withdrawal amount is $100. If you withdraw via credit card, no commissions will be charged, but if you do it by bank transfer, you will have to pay a fee of $ 25. According to information, the approval of a withdrawal of money can take 3 or 4 days, to which we should add the arrival times of the money depending on the payment method: More or less instant in the case of cards, but 3 to 5 more days in the case of transfers.

Ikko Trader Security and Regulations

Although we do not have any evidence that Ikko Trader is a scam, we cannot say anything other than that the website does not give the minimum level for someone to put their money on it. From important spelling mistakes and very bad grammar that suggest an automatic translation with a robot, to a complete absence of information about what company is behind the trademark or who is the owner. In our table above, you can see the name of the person listed as the owner of the URL. This means that it does not belong to a company and, therefore, even if it were a legitimate activity, it makes us think that there could be solvency problems. Can the wealth of a single individual cope with the vicissitudes of the market? Of course there are people with a lot of money out there, but in the absence of information, we can only convey distrust.

In 2013, the Belgian financial authority warned the investors of this country about the fact that the broker we are dealing with here is not licensed. The document does not refer to any scam or scam, but simply lets investors know that the broker is not authorized because it lacks the license.

If you decide to put your money here, there is nothing to assure you that you will get it back. You can only rely on the good faith of the owner and his need to create a good reputation to grow in the business. However, and in view of the fact that there is a huge offer of investments out there and high-quality brokers, for us this is not enough.

Customer service

The customer service as reported by the website is available 24 hours a day. There is a phone number in France where they could help you and a form. On the contrary, there is no possibility to establish contact in New Zealand or the option to contact them through a live chat service. If the rest of the features were good, we would not worry so much about this section, because the fact of having a phone for urgent consultations could be enough. But given how limited the other aspects that we have analyzed are, here we have to say that they do not meet our expectations either.

Functionality of the website

The website gives a rather negative image especially if we enter the New Zealand version. If you want to have a realistic idea of what this broker can offer, it would be best to access the French or English version. The available information is not much, but the wording is at least acceptable and we will be able to understand what we are being told. As for investment, it does not pose problems. It is the typical interface with large buttons for call and put and any user can use it from the first moment simply using their intuition.

Mobile application

This time the platform is not available in the mobile app version. Therefore, iOS and Android users should settle for the web version of the broker, which in principle should be enough to carry out the basic operations that any user may want to do. As with the desktop web version, the mobile version is more recommended in English or French than in New Zealand, given the quality of the texts.

Finding

Ikko Trader is an online broker that does not convince us at all. The first thing we have to say is that we have not found any evidence of fraud, but the truth is that it does not provide us with security guarantees. It has no license, the terms and conditions are not well written, in the case of bonuses they are not even present, and there is no information about the company or the owner of the website.

On the positive side, we have that the returns it offers are interesting and, as we have already mentioned, that it can be tested with a demo account. For our part, we recommend that you look for an alternative in the list of regulated binary options brokers .