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All binary option brokers strive to have a good reputation as far as withdrawals are concerned, 2options agrees with this philosophy wholeheartedly, but just like a bank, they need to charge some small fees for the banking services they provide. Deposit and Withdrawal fees are the only fee they charge for anything that is done monetarily on the website and even those services can be free if certain conditions are met. There is never a fee on placing trades or the profit made on them.
The banking functions of a website are always something that attracts the attention of those that read reviews of binary options websites. 2options consistently gets high marks for their banking procedures. The website’s banking functions are virtually complaint free and the word scam has never been associated with the 2options trading site; not all binary options brokers can make that claim. It is just one of the reasons why 2options is the preferred binary options trading broker for many investors all over the world. Not only are the withdrawals free or done for a reasonable fee, but the withdrawal transactions are initiated quickly and finalized as fast as possible for the withdrawal method that is being used.
There are a few rules and regulations regarding the withdrawal procedure. First of all, Sign up bonuses cannot be withdrawn until an investor trades 30x their account deposit (if the bonus is less than 100%) or 50x their account deposit (for 100% bonuses only). In order to initiate a withdrawal, the account must be verified by sending a copy of a government issued photo id, a current utility bill (to verify a traders address) and a photocopy of the credit card being used for the withdrawal; this is all done for the account holders protection. Amounts that are withdrawn over the initial deposit amount are sometimes required to be withdrawn using other means than a credit card.
Any time a trader has a problem initiating a withdrawal or a question regarding any other aspect of the withdrawal procedure; they are encouraged to contact customer service by email or convenient live chat. 2options customer can handle questions or complaints in several different languages including English, French, Italian and Russian. Customer service is available 24/7.
Two options is what is known as a self-regulating binary options broker. It is a website that is conscientious of the fact that its customer base will only get bigger if the site maintains a very good reputation in the industry. 2options makes sure they operate their site in a fair and practical manner.
There are many customer reviews that are done on binary options websites and unfavorable reviews can lead to the loss of existing customers and keep a website from attracting new ones; 2options is fully aware of this factor and does whatever it takes to help ensure their website is transparent, reliable and remains as popular as possible. It is a binary options trading site that continues to add thousands of new traders every year.
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References and Further Reading:
1. Language and foreign trade (J Melitz – 2008)
2. Information sources, news, and rumors in financial markets: Insights into the foreign exchange market (T Oberlechner, S Hocking – 2004)
3. IV. Special feature: Size and liquidity of government bond markets (R McCauley, E Remolona – 2000)
5. Is official exchange rate intervention effective? (MP Taylor – 2004)
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