WMOption – My Pros and Cons by Colin Davis

WMOption – My Pros and Cons by Colin Davis

When it comes to binary options brokerages, it can be hard to discern frauds from legitimate ones.

Of course, being regulated helps, but even that is sometimes not enough, and people have to resort to these types of reviews: specifically, this one on WMOption.

What is WMOption?

It is a regulated brokerage that has just celebrated its first anniversary. They may be new, but a lot of traders were in need of fresh brokerages anyway. The way WMOption stands from  the crowd is not only with their compliance with several regulatory bodies to ensure transparency, but also their professional attitude towards their clients.

 

WMOption: Accounts, Bonuses and Withdrawal

There are several types of accounts on offer: most notably, Rookie, Gold and VIP accounts. They all come with their own perks that add up the higher you go, but the most important parts relate to minimum deposit and bonuses. You can get in on the action for as little as $250, but if you want a bonus that is higher than 30% you should definitely upgrade to higher-tier accounts. The Gold account will get you a 100% bonus and if you go VIP, you can negotiate your own, unique arrangement in addition to all the perks that are on offer.

 

However, the bonus you choose to accept may come back and bite you in the rear, due to their withdrawal policy. Money transfer to and from your account is done pretty much the same way, using credit cards, wire transfer or an e-wallet. Funding your account is extremely fast and straightforward, but if you chose a large bonus, there may be some withdrawal issues. Not to worry, though, as this is common for the entire business branch. In order to make a withdrawal, first you have to trade 30 times the bonus amount that you received.

 

This is not an issue if you had not claimed any bonus at all, or went for a small sum, but the bigger the bonus you have selected, the harder it will be for you to start collecting your earnings. If you don’t like it, just turn down the bonus and you’ll do fine. Also, be advised: it may take some time for the withdrawal transaction to be processed, but on the plus side, there are no minimum withdrawal sums or hidden fees.

 

WMOption: Platform, Support and Extra Features

 

Their platform is hailed far and wide for its versatility and reliability. Currently, there are only three languages on the menu (aside from English, of course) but even this is pretty impressive for such a young brokerage firm. They specialize in only the finest currencies, indices, stocks and commodities on the market, as well as some innovative types of binary options such as One Touch (they call them Touch/No Touch) and Ladder options. The expiry time can be adjusted to all the standard variations, depending on the type of binary option in question.

 

As stated previously, the language selection is pretty impressive for an up and coming brokerage, but what is even more impressive is their dedicated customer support and live webinars, in addition to advanced charting features and other education implements.

 

As for the returns, thanks to their specialization, WMOption can easily trump most brokerages with their steady returns going as high as 85% in some cases, and usually never drop below 70%. And to top it off, there is a 10% refund policy on OTM binary options.

 

Conclusion

As a growing firm, WMOption was not spared from some growing pains, but it seems they are getting a hang of it and really coming together. Their exceptional returns and user-friendly platform put them at the very top of a long list of successful brokerages and this trend is bound to continue in the future. But don’t take my word for it, look at other reviews as well (link to #8).

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