In a moved that stunned traders, affiliates and even company employees, iOption closed it's doors, leaving a wave of chaos in its wake. On Friday, November 8th, iOption informed its employees that it was closing down effective immediately. Although the broker did not announce the closure in advance, it should not have been a surprise to anyone, especially to investors. For the last several months, problems within the company have arisen and trader withdrawals were not being processed.
In October, the staff at iOption was informed that the company was up for sale and that a deal would be struck within days and that things would improve shortly, with the CEO personally guaranteeing staff members that their salaries for the month of October would be paid. As of November, things have not improved and there is no deal in sight. Employee payments for last month have still not been made, and the uproar is being felt worldwide, as jilted traders are sure to begin coming forward.
In addition, employee emails have been blocked along with access to other contact possibilities. The iOption website, however, continues to function and as of this writing, there appears to be no message to traders informing them of the current situation.
iOption has long been considered one of the top recommended brokers at Daily Forex and this announcement has come as a total surprise to us and other industry insiders. We advise all traders currently registered with iOption to contact us immediately to find a more suitable and reliable partner.