It is tricky to keep track of all the regulatory bodies, to make sure they are legitimate and to check the quality of their services. Having said that, we can safely claim that WMOption is one of the good ones. Here is why.
Ever since they were founded in 2015, they have struggled against the modern financial markets and all the ruthless competition in this business. However, it seems as though WMOption has not only survived, but also managed to thrive in this harsh environment. History-wise, there is not much to tell, as these blokes haven’t been around long enough to make it –but they will definitely get to it soon enough. You can be a part of that history, so what are you waiting for? Another review like this (text #6)?
The bonus policy is not usually how I start my reviews, but in this case, I had to separate it from the rest of the review, as it is quite prominent. For one, the sum can range between 30 and 100%, or perhaps even higher, if such is the agreement between the VIP account holder eligible for unlimited bonus and their respective account manager.
However, in order for this money to become available for withdrawal, the client has to prove their worth by trading in excess of 30 times their bonus money before they can make a withdrawal. While this is nothing new for the industry at large, this is one of the areas that could have been different, and at mutual pleasure, too.
Such as it is, once a trader qualifies to make a withdrawal, the procedure is relatively straightforward. First, they specify the details, such as the amount and whether they want to transfer it to their credit card, e-wallet or wire it directly. Afterwards, it may take anything up to 10 business days to process the transaction, with all the normal fees involved.
Their website may seem relatively modest and serious, but what they lack in colour they more than make up in simplicity and no-nonsense attitude. The language selection is: English, German, French and Arabic. This does leave out a sizable portion of traders out there, but it is preferable to spreading out too much. At least this way they can dedicate themselves to their clients.
WMOption brings only a rudimentary selection of different assets, but this is somewhat alleviated by the fact that they are featured in a large number of binary options, with expiry times ranging from a minute or two to several months. Also, they feature some innovative types of Binary Options such as Touch/No Touch and Ladder Options.
Arguably the best part about WMOption is their return rate. With up to 85% on their regular binaries, and a wide variety of money transfer options available, things could have scarcely gotten any better. And then they did. This brokerage features a 10% refund on OTM Binary Options to all their clients, regardless of their account type.
The number of means for money withdrawal is decent, but the trading volume that must be achieved as well as the time it takes to process a transaction leave much to be desired. On a more positive note, there are free market updates and live webinars, so that their clients can get up to speed with current market developments.
While there are better brokerages out there, you could do a lot worse than WMOption. Virtually all of their drawbacks are ubiquitous throughout the industry, and their virtues more than make up for them. Between high return rates, dedicated support and user-friendly interface, this brokerage is definitely worth visiting.