It is always important to research depositing and withdrawing methods with a potential binary broker. InvestOption review showed that this broker supports bank wire, Visa, CashU, MasterCard, Neteller, Skrill, and Discover payment methods.
InvestOptions Minimum deposit for opening an account with this broker is €500, but afterward, traders can deposit $250, and it can be done only in the mentioned currency. InvestOption mentions in terms and conditions other currencies as well, but they were never offered during the registration process. Minimum withdrawal amount is never stated, which can be seen as a concerning sign.
Traders who opt for bank wire transfers should count on a fee between €30 and €45, which is considered to be very high.
There are also special terms and conditions regarding accounts closing and withdrawing. Traders who want to withdraw their money and profit, and close account as well, can withdraw only the deposited amount, while paying 30% penalty. The company can deny a withdrawal if the amount left on the account is not sufficient to execute a trade. Accounts can be closed only after being active for a year, or the traders must pay a penalty in the amount of 13% the amount on their account. This is the very unfriendly approach, and very unfavorable for the trader.
InvestOption review showed that the trading account has to be verified with documents before withdrawing in order for the request to be taken into consideration.
InvestOption is not a regulated broker, and the company behind it is allegedly called Broker Financial Ltd.