Headquarters: Ajeltake Island, Majuro, Republic of Marshall Islands MH 96960.
USA Traders: Not Allowed
Available Assets: 100+
Min. Deposit: $250
Min. Trade Size: $24
Max trade Size: $100,000
Platform Provider: TraderSoft
Languages: English and Arabic.
WMOption is owned by Orion Service EOOD Bulgaria is being operated by TLC CONSULTING LTD, Trust Company Complex, Ajeltake Island, Majuro, Republic of Marshall Islands MH 96960. They opened in July 2015, so they are relatively new in the industry. They are also yet to be regulated. At the moment their website and customer service is available only in English and Arabic.
WMOption Trading platform
They are using TraderSoft platform which is quite basic and do not offer any special features, however it is very user friendly platform and quite easy to use. For traders who are more into technical analysis type of trading, WMOption offers all main charting indicators including Bollinger Bands, Relative Strength Index,Moving Averages as well as candlesticks charts.
WMOption offers 3 types of trading accounts, starting from a $250 beginners account all the way up to a VIP account $50,000. We did not find any real benefits of being a VIP member we also think that $250 as a minimum deposit is quite high, considering the fact nowadays, many brokers allow to start with $100 or even less.
WMOption Unique Features
As said, the trading platform is quite standard and do not offer too many things we haven’t seen before. However, we did find their Strategy Advisor pretty useful tool, especially for those have never traded previously. With the Strategy Advisor, you don’t need to conduct any technical analysis as it simply does that automatically, as well as telling you if to open a position on a Put or Call right after it finished analyzing, which usually do not take more than a few seconds.
Apart from the Strategy Advisor, They also offer a quite extensive educational section structured like a school, with step by step tutorials as well and videos.
WMOption Bonus & Withdrawal
Their bonus goes anywhere from 30% up to 100% which is like 100% of the binary options brokers. In order to make any type of withdrawal , one will need to reach a trading a volume of at least 30 times the bonus. This means that they are locking traders initial investment along with the bonus. As always we recommended you to simply avoid taking the bonus.
Why to open an account with WMOption
They do not have too many bad reviews online which is a good sign, however they are pretty new and that can still change.
Why NOT to open an account with WMOption
They main reason why we think why should not trade with WMOption, is due to the fact it is yet to be regulated. Nowadays there are many binary brokers who are regulated, what puts this broker in less good spot compare to regulated binary options brokers.
Wall Of Shame