Binary options brokers are dodgy to estimate, and one as young as this – even more so. Still, after a bit of research, I think I have managed to gather all the important information and make it presentable.
There’s not much to tell here, as they have only been around for a year or so – a bit of a dark horse in their own right, I’d reckon. However, if they were a scam, they would have certainly disappeared by now. In fact, the number of good things I’ve found out is certainly putting my mind at ease. It seems as though they have built a bit of a reputation, but mostly as an honest broker and well-regulated, too.
It appears the WMOption bonuses are such an integral part of their business that no review should start without them. The minimum deposit is $250 but that only qualifies you for the lowest account type and its 30% bonus. On the other hand, the bonus amount is effectively limitless, as VIP account holders can negotiate whatever bonus they please.
Not to worry, though, as their withdrawal policy is closely related to their bonuses. In order to make any kind of withdrawal, a trader has to trade 30 times what they received as a bonus sum, so those who had turned it away can start withdrawing immediately while everyone else has to work for it.
This is also one of the biggest flaws of this brokerage, but it seems oddly fitting and rewarding to see those rich idiots squirm while the rest play it smart.
As I said, once they have qualified for it, traders can withdraw their money the same way they deposited it in the first place. That means credit cards, e-wallets and wire transfer. The good news is that you can withdraw any amount you have on the account, but the bad news is that it may take up to 10 business days before you see any of it. It will come, though, so be patient.
I’m no expert on websites, but it seems as though theirs is pretty well done. Everything is working properly, the language selection is all right from what I could gather. Live support is responsive and useful – friendly, too. Other than that, there is not much else to say.
Even though I had seen more assets on other platforms, those from WMOption are the ones everybody had heard of. The number of binary options and their expiry times saved the whole thing, though. Ladder options are not easy to come by. Thus I gave it 7 out of 10.
70 – 85% returns on a regular basis? Sign me up!
Even though it feels nice to see more affluent people lose their nerve, it is hardly worth the waiting period. I realize this is not WMOption’s fault and that banks and regulators are holding things up, but I’m still frustrated.
I have seen a great deal of binary options brokers in my day. Some were better than WMoption, but most were not. Still, if you need a second opinion, see another review on this brokerage. There are many, such as this (link to text #16).
WMOption is the next in the long line of brokerages I have reviewed. Let’s see how it rates.