Founded in 2012, WMOption is a binary options trading brand that with offices dotted around several places on the globe and based out of Bucharest, Romania. The award-winning brand has a definitive product offering including a selection of trade types and different accounts to offer a customized approach to trading for both newbie and expert traders alike. Another noteworthy point to mention is the amount of resources this company offers traders including some interesting and useful articles in its blog and an in-depth trading academy.
WmOption have chosen to go against the grain and offer an uncommonly used platform in the industry. Perhaps not quite as visually appealing as some of the platforms out there, it certainly host a range of useful features for trading. These include the ability to customize your out of the money rebate level which in turn alters your payout amount. The expiration time is also more customizable than other platforms and the software allows you the ability to choose from a variety of timeframes in which to view the charting.
With the WMOption Platform, as is now standard practice across the industry, you have a variety of trade types. These include Quick Options, High/Low, Range Trading and One Touch Options. The platform also offers “One-Click Trading” and a sentiment bar, which shows you the feeling of other traders towards that asset.
As for the types of trading accounts that are available at WMOption, there are 5 different types to suit different categories of traders. Each comes with a variety of trading benefits and is defined by the minimum deposit requirement. Each account type offers a different amount of welcome bonus and differing payouts too. The account types available are listed below:
- Rookie Account (Min Deposit: $250)
- Basic Account (Min Deposit: $500)
- Silver Account (Min Deposit: $2500)
- Gold Account (Min Deposit: $10,000)
- VIP Account (Min Deposit: Above $50,000)
As well as an excellent blog which covers strategies, articles and news, WMoption have an excellent TV station which broadcasts updating market news throughout the trading day. The brand also offers a trading guide and videos which update traders on events from the economic calendar.
The payouts offered by WMOption are also quite generous. On average, traders can expect a return of 70% to 80% on their investments. However, the maximum payout ratio can go up to as high as 89%. There is a rebate for out of the money trades which can vary depending on the level the trader sets for himself.
WMoption offers customer services which are available on a 24/7 basis. These are accessible through a contact form, live chat, email and phone. The website and platform are available in both English and Arabic.
- 10% Rebates for out of the money trades
- 24/7 Customer Support Services
- Generous Bonus Offers
- Multiple Choices of Trading Accounts
- Up 89% Return on Investments
- User Friendly Trading Platform
- Wide Range of Underlying Assets
- $25 Withdrawal Fee for Wire Transfer
- Lack of info on regulatory status
- No Multi Lingual Support
WMoption are big on trading on the go and offer a provision to download a trading app through either Google Play or the App Store. The platform, while perhaps not the most eye catching is certainly well-equipped to offer a comprehensive trading experience. The additional resources and product offering are definitive and suitable for most types of trader.