We ventured into our search to find this out. We have gathered that this broker rates average and has been around for quite some time in the industry. We display their low results in the graph which can be found below.
Since we are still researching about this broker, we cannot say for sure that this broker is 100% legit. In order to be sure of our traders’ satisfaction we recommend you to Proceed to SafetyProceed to Safety OR choose one from the list of Top Trustworthy Binary Option Brokers:
Top 3 Brokers January 2017
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WMOption is a type of binary options trading broker that was formed by a company known as Omni Global Solutions located in Romania. It has been in the market since 2012 and is therefore not a new brand. This broker offers a range of trading assets from the main categories such as indices, pairs, currencies, stocks and commodities.
Traders are able to access learning materials to help them understand how to trade and make profits in the process. We investigated this broker by looking at their trading platform, customer support and withdrawal procedure among others. Read the whole review to find out whether to trade with this broker or not.
Is WMOption a Scam?
We found out that this broker has low google rankings probably because it has not been in the industry for long. There is insufficient information regarding this broker and we therefore cannot confirm WMOption reliability. We cannot assume that this broker is a scam because we were unable to find any negative feedback and comments from its users. We advise traders to sign up with brokers who have been tested and proven to be reliable and scam-free.
WMOption uses an advanced trading platform, which is powered by Spot Option. The platform is user friendly, which makes it easier for the user to navigate from one section to another. The platform has a strategy adviser feature that uses technical indicators that is responsible for price direction prediction. The spot follow feature allows traders to automatically duplicate the trades of more experienced users. The broker also provides informative charts allowing the users to choose between candlestick charts and line charts.
Traders are able to choose from a number of trading options. These include the pairs option, 60 seconds, ladder options and one touch among others.
Account Types and Bonuses
WMOption offers 5 types of user accounts. The first one is the Rookie Account, which is best suited for beginners who lack knowledge in trading with WMOption. The minimum deposit for rookie account is $250. The Basic Account requires a minimum of $500 while the silver account requires a deposit of $2500. The Gold Account requires $10000 to set up and lastly VIP Account, which requires any amount above $50000. The bonuses vary depending on the type of account and there are special requirements in order to withdraw those funds.
How to Get Started?
- Sign Up – you will be required to fill a registration form by providing your personal information such as password and username.
- Trade – one has to make an initial deposit of $250 before you are allowed to trade. Placing correct trades will generate returns on your investment.
- Withdrawal – you will be requested to submit the withdrawal request and wait for processing before your funds appears in your bank account.
Deposit and Withdrawal Procedures
You will be required to provide the necessary identification documents when depositing and withdrawing funds. The withdrawal process can take up 3 working days and up to 7 days for the funds to be in your bank account.
The support desk can be contacted via email, telephone and live chat. The only set back is that they do not support multiple languages.