iOption files for bankruptcy

iOption website is still up and running, it appears that they are news reports coming from Israel that are confirming that it has been regarded as a trustworthy binary options online firm but has actually closed down. The most shocking news ever is that this new change came after iOption formally got its license from Cyprus Securities and also Exchange Commission. The license was portraying them as one of the law binding binary options brokers.

However another disturbing aspect is that iOption was not a small company, reports have illustrated that the number of employees ranged to about 70 and they have to go without any payment and become jobless without any reason or explanation.

Basically, it appears that iOption’s bankruptcy did not come as a surprise to those that knew that it was experiencing some problems for a while now. There had been some rumours going around amongst the staff and the associates of the company of some unknown buyers who were interested in purchasing the company. In a view in the month of October employees did not even get paid. In the last several months the company was going against the processing of withdrawals by traders, while at the same time there was no payment made towards the affiliates. However, things are heavy and have not been settled and there is no precise and clear answer from the company’s top guys.

Safe to say, people are advised to keep a long distance form iOption and to search for other reliable online binary options for trading. If you are one of the iOption’s clients all you got to do is try to contact them, but be careful at the same time as the company is not in good shape and you could lose a lot of your money. This could however, cause the binary industry to drop as the number of brokers has increased and with the signs of risk that are associated with it.