iOption Shutdown kept close to their chests

Nov. 14, 2013 - PRLog -- The shock annouchement of an iOption Shutdown came as a blow to their staff, affiliates and traders, yet probably not to their investors. It’s official, as of the 8th November iOption is no more and have pulled the plug on their trading even though their site is sit up and running under the iOptionEU name. DO NOT TRADE

What we knew before the shutdown was that there were underlying problems at iOption that lead to the company looking at alternatives regarding a sale, but the severity of the issues were not as wide spread as predicted and an iOption shutdown was never realistically considered.

As a leading and well respected trading platform the closure of iOption has left traders high and dry and employees looking on in horror. It has been reported that all email addresses of their employees have been blocked and payment processes stopped. This comes days after the CEO gave his personal guarantee that all is well and that improvement is on very near horizon. The questions regarding salaries were meet with a guaranteed understanding that they would be paid, however no salaries were paid for last month and the iOption (http://mysocialtrader.com/review/ioption/) staff have been left as outraged as their traders.

The affected parties other than their stunned work force has to be the traders that have failed to get their withdrawals processed. The extend of the debt level is not yet clear and any and all effected traders will need to submit their applications for payment to iOption (http://mysocialtrader.com/review/ioption/) in the hope that this information will be passed on. As yet there is no official statement to say who is entitled to what and or where the entitled would need to apply.

Affiliates and traders were kept in the dark and accounts were and still are open, but do not trade here as this is no longer a viable company. The iOption website still operates under the EU tag as if nothing has changed, but the iOption Shutdown is in effect so please note that they do not trade and are officially bankrupt. DO NOT TRADE ON iOPTION

The iOption Shutdown may have come as somewhat of a shock to the uniformed and the informed alike, but it does highlight the volatility of online trading and comes with a further warning that they are not the first and probably won’t be the last. http://mysocialtrader.com/ioption-shutdown/