What to look for in a broker? Let’s observe a perfect example.
The first thing to watch out for are brokerages that can’t seem to get things straight. Luckily, WMoption seems to have everything under control, so they would be a good example of how to start a successful brokerage.
Next, make sure to double-check new brokerages. Now, WMoption has only been around for a year or so, but after going into their background we have seen that they are fully regulated and it seems as though client feedback is praising them across the board, with a few exceptions, of course.
This means they are pretty hungry for new clients, and you can easily take advantage of that by simply opening an account and trading. Seems easy enough, right? Just ask this guy (link to #11)
As a relatively new addition to the market, it stands to reason that WMoption will try everything in their power to attract clients to their side, including above average returns, a refund policy as well as some of the most generous bonuses I have ever seen.
And even though I do not usually recommend picking brokers based on their bonuses, it never hurts to keep an eye out for free money. Well, not exactly free, but we’ll get to that. The returns on your investments are between 70 and 85% on average, and the refund on all your out of the money binaries is 10% which is a lot more than most brokers would offer.
The bonus itself depends on the type of account, along with all the additional perks of course. The Rookie Account is at the bottom with a 30% bonus and at the opposite end of the spectrum we have the VIP Account with a potentially unlimited bonus. And if we take into account the minimum deposits, things become very interesting. By comparison, the Rookie requires $250, so go figure.
Normally, it would take 8-9 business days to make a withdrawal, which is in stark contrast to the minute amount of time it takes for your deposits to be registered. Then again, less than half of that time is actually used by WMoption, and banks and other services are the ones stalling you from collecting your cash.
The means are pretty much the same: credit cards, wire transfer, e-wallets… Once you have been cleared, you can withdraw any amount from your account, but first the bonus has to get out of the way. If you accepted any bonus money, you have to reach a certain trading volume before you are eligible to start collecting payments. Otherwise, you can simply withdraw your earnings, with no hidden fees or fancy commissions.
A brokerage with a simple, reliable platform available on several languages is a huge boon and not to be taken lightly. The language options also apply on client support, so it pays off to pick a brokerage that speaks your language. Otherwise, communication might get tricky. WMoption features several languages as well as one of the simplest platforms on the market today.
The types of binary options as well as their assets are also important. WMoption offers a plethora of choices as well as huge returns and extra features. In combination with popular binaries such as Touch/No Touch, it is no wonder things have been going so well for them.
WMoption is a perfect example of what to look for in a new brokerage. Unlike the old ones, picking a fresh new broker is a form of art.