Is Ivory Options A Scam?- Massive Profits Or Ugly Scam?
This review is going to be on a binary options trading platform called Ivory Option. Is it an ugly scam? Or massive profits binary options trading platform? Is there any hidden catch?
These are some of the questions that we’ll be taking a look into in this short review.
Alright without further ado, let’s get right to it!
Product Name: Ivory Option
Product Owner: Anonymous
Website: https://ivoryoptions.com
Price: Free to sign up
Overall Rating: 2 Out of 10
What Is The Heck Ivory Options?
Recently, I bumped into Ivory Option and just don’t know if it’s a scam or not.
I’m sure many of you who come to know about this binary options trading platform is also wondering whether this is legit.
When I first came to their site, I was kinda intrigued by their claims of the RIO such as “earn up to 85% return on investment and earn 200% bonus if your deposits made between Friday and Sunday”.
After doing some researches, I found out that the Ivory Option website domain ” ivoryoption.com” was initially registered on January 12, 2014, and the registration was last updated on December 14, 2016, but the domain registration was set to private.
The site is using an anonymous service which prevents me from identifying the owner of the site.
This can sometimes be just so that the owner does not receive spam, but be aware that many scam sites use this as a method to hide their identity.
The owners of such website hide their face to avoid any prosecution by the law.
Ivory Options- How Ivory Option Works
The registration process was fast. You will need to put in some of your personal info such as my first name, last name, email address, password, phone number, country, and currency.
Then you will have to agree to their Terms and Conditions and you are in.
Immediately you register with them, they will help you open your trading account with one of their brokerage firms. The professional traders will start helping you do the trading.
See The Screenshot Below.
You can allow them to do trades for you or you begin to trade on your own once you learn the tricks. You can learn from their live trading room on how the professional traders are trading.
This gives you the insight to the trading options and they also offer other trading education tools as well.
My Personal Experience With Binary Options Trading
I started the binary options trading back in 2009.
Back then, I saw a lot of people came in and lose their shirts because the market is very volatile.
Many times (me personally) almost about to lose my shirt when the odds are against me.
Perhaps, a binary option is one of the riskiest investment I could think of.
In addition, there is also a steep learning curve. Through trials and errors, I learned a very hard way how to make a winning trades.
The number one rule of this game is ” Always trade with the money that you can afford to lose”.
If you can’t afford the loss, don’t trade with that money otherwise you’ll lose your shirt.
You may have good days and bad days with your trading, but if you stay firm with this rule, at the end of a month or a year, you might have an overall winning trades.
This is one of the most important mindset to give you profits in this industry.
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What I Like About Ivory Options
- Free to register.
- The system is very easy to use and you don’t need to download any software after you sign up with them.
- The program is highly accessible. You can access member’s area through computers, smartphones, and tablets.
- You get 24/7 signals for all currencies pairs, stocks.
- Their customer support is not the best but you can contact them through a web form or their email. But you can contact your brokerage firm 24 hours.
What I Don’t Like About Ivory Options
- The software is created to take advantage of people new to online trading.
- They don’t have an active community.
- They don’t offer an extensive training how to become a good trader.
- You will get very little support.
- Binary options trading is risky. There is no guarantee and you can lose all your initial investment.
Should You Join Ivory Options?
If you think you can simply deposit $200 or $300 and expect to turn into a thousand or two thousand dollars within a short time frame you are wrong.
I’ve seen lots of people tried the binary trading, but most of them failed and only a few do succeed and made money in the short run.
To stay profitable in the long run, you will need to put in time, effort, persistence.
If you’re completely new to binary option, I would strongly recommend you to set up a free demo account before you invest your money into any platform.
My Final Opinion: Is Ivory Options A Scam?
This might not be a scam since you can sign up for free, but I don’t recommend it simply because binary options trading is risky.
You can increase your income immediately or lose all your initial investment.
They say that you have to make at least 5000 trades in total before you’ll become a successful trader.
I think I went over 5000 trades in my early years of binary options trading.
Regardless how easy they make it looks, you will have to go through the trials and errors which might cost you a bunch of money before you learn the rope.
So, if you think you can afford those losses, you can go for it, but don’t forget the rule #1 above. It will save you a lot of headaches.
If you think you don’t want to gamble your way to wealth, I recommend you to check out my #1 recommendation below!
Do you happen to have any previous experience with Ivory Option that you would like to share with everyone else today?
Tell me all about it in the comment box below! I love to hear about it.
Thanks for reading.
All the best!
-Maun
