Not too braggy with their work, they prefer to let their return rates and satisfied clients speak for them. And some reviewers, too.
Their story began in 2015, as a service provider that had only two goals in mind: one was to provide the best kind of BO service around, and the other is to get established as a legitimate brokerage. One year later, they have already succeeded on both fronts. Not only are they regulated by several regulatory bodies around the world, but they are also hailed for their incredible return rates and their refund policy. You don’t have to take my word for it, though. Look it up for yourself.
They do feature a bonus policy, but like with most brokerages, this can also turn into a double-edged sword. The lowest-tier account can get a hefty 30% bonus whereas the VIP account holders can negotiate whatever kind of bonus scheme they desire. However, this may well come back to haunt them, for a simple reason: the WMoptions withdrawal policy. In order to actually withdraw this bonus, a trader would have to reach a certain trading volume.
For every bonus dollar he or she gets, they would have to trade 30 times that amount before the bonus becomes available for withdrawal. This is a major drawback, but it can be avoided altogether if you just avoid the bonus money to begin with.
It takes about 8-10 business days to process a withdrawal. You can transfer your funds to your credit card, e-wallet or use wire transfer. No minimum amount, no hidden fees. Wire transfer is charged $25, the remaining withdrawal options are subject to associated business practices.
The language selection is quite something, with English, German, French and Arabic being the norm. Their live support is available around the clock on any of these languages and seems useful enough. There are relatively few assets available, but they are strategically distributed between several categories including Touch/No Touch and Ladder options for maximum return. The minimum expiry time is 60 seconds, but some binaries expire at the end of the year, so there is plenty for everyone to choose from.
Their return rates are consecutively much higher than you would normally expect, usually between 70% – 85% which is not an easy thing for a brokerage to maintain on a regular basis. And there is something for you even if you lose – a 10% refund on all OTM binary options, so nobody ends up empty-handed. It’s just better for business that way.
Of course, they feature a minimum deposit ($250) and funding your account can be made using various means – such as Visa and Master Card credit cards, wire transfer, Neteller or some other kind of e-wallet etc. Withdrawals can be made in the same way, except it takes time to process them, usually 8-10 business days. And then there is that bonus policy that needs to be upheld, but that is about it.
Their additional features include advanced charts, live webinars and market updates every single week. Overall, these are on par with some of the best brokerages in the industry, which was the goal all along.
WMoption may have some quirks, but for all their perceived shortcomings, such as their bonus policy or their relative lack of experience, there are plenty of redeeming features such as advanced charting options and very high returns. After all is said and done, this is one fine brokerage.