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Approved broker by binaryoptionsthatsuck.com
9.21
  • WMOption

  • Bonus: up to 100%
  • Options Payout: 70-85%
  • Rating: 9.21 / 10
Broker Name: WMOption
Platform: TraderSoft
Founded: 2015
Bonus: up to 100%
Return/Refund: 70-85%/ 0-10%
WMOption Overview
No. Of Assests: 57
Regulated:   No
Demo Account: Yes
Minimum Deposit: 250
US Traders:   Not Accepted
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WMOption Review

WMOption is owned by Orion Service EOOD Bulgaria, District Sofia Municipality, City of Sofia 1421 Lozenets Region, 10 Popovo Str, and operated by TLC CONSULTING LTD, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of Marshall Islands MH 96960.

 

Is WMOption A Scam?

WMOption is not a scam. They are transparent, offering information about their owning company and address and clear withdrawal and deposit terms and conditions. I would like to see them get regulated by a major financial authority, fit into industry’s standards nowadays. WMOption has what it takes to become an industry leader, a serious regulation would definitely provide that seal.

 

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Editor’s Note – Why WMOption Does Not Suck in 50 Words?

WMOption is a well-oiled trading machine. Everything is where it’s supposed to be and more importantly, works as it’s supposed to work. They are not over the top, flamboyant or any of that stuff, but instead they try to offer a reliable binary options service, with good returns and without crazy fees or weird trading conditions with an easy WD process.

 

Why WMOption Sucks in 50 Words?

The smiling girl on the main page. It’s been a long time since I haven’t seen a brokerage that displays a female model on their homepage and seems like WM Options tries to bring this trend back. Come to think of it, if this is the worst thing I have to complain about, it means the brokerage is doing a good job so far.

 
 

Should I Open an Account with WMOption?

This brokerage was founded in mid-2015 and so far I can say they seem like a service provider that has the best interest of its clients in mind. WMOption is a well-respected brand with the local and international support from trading regulatory bodies and although it’s a new upcoming brokerage, WM could prove to be the coming star in the Binary Options world that looks to strive for excellence.

The platform provided by WMOption is TraderSoft. It’s currently considered a good platform and a one of the most user friendly in the industry. Lately I see more and more traders pay attention to the technical aspect of the market, meaning they analyze candles, indicators, tops and bottoms. All this is difficult to do on a small, line chart but WM Options has chosen to offer candlestick charts (the option is available at the top right corner of the platform) and a Strategy Advisor, as well forex trading and social trading. The latter tool offers predictions based on the most widely used binary options technical indicators: Bollinger Bands, Relative Strength Index and Moving Averages. These indicators can be quite difficult for a newbie but with the use of the Strategy Advisor, you don’t need to know how to “read” them; you will simply get the information Put or Call once the selected tool has finished analyzing (lasts about 10 seconds so don’t worry about time). For a higher success rate, you can check all three indicators and trade only if they all agree. See why I say WM Options seems like a service provider that has the trader’s best interest in mind?

The educational material is structured like a school, with pictures, explanations below them and step by step tutorials as well as videos in the Academy section, including live webinars and a unique system that allows the trader to receive live signals. The teaching is meant to get traders started and most of the material will only be available once the account is funded but this is how most broker’s education works. Hey, if you want in-depth trading education that’s completely free, you can always check out our School.

WMOption will offer a large variety of trading accounts, ranging from the smallest of $250 (Rookie Account), follow by silver, gold and the very best VIP that requires a whopping $50,000+. There’s something for everyone so even if you are just getting started with binary options, you can test the waters with a $250 investment or if you are a serious veteran you can go for the VIP account that comes with tons of perks. Of course, in between these accounts traders have a lot more options to choose from, keeping in mind the value over return.

 

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WMOption Complaints

We haven’t found any complaints yet, but this is normal for a new brokerage. What I can say is that they’ve started with the right foot so it’s no surprise for me that complaints haven’t emerged. Our comments section is open for feedback and we will keep monitoring the online world for any complaints.

Update Aug 2016 – Several complaints could be find in the bottom of this page, however, and after almost 2 years in business, this is a good sign of a broker who’s taking care of its clients.

 

WMOption Bonus

The Bonus ranges from 30% (for the Rookie Account) to 100% (for the Gold Account) and is not specified for the VIP Account because it will be negotiated with your account manager. To withdraw your bonus you will have to trade a volume of at least 30 times for each $1 received as a bonus. Before that trading volume is met, the client cannot make any type of withdrawal. This is somewhat normal for the industry, but our recommendation is to not accept a huge bonus.

 

WMOption Withdrawal

A normal withdrawal takes about 3 business days to process and additional 5 business days for the money to reach your account. The ways to withdraw are credit cards (if you deposited through credit card you will have to withdraw to the same card), e-wallets (Neteller is the favored one) and wire transfers. There is no minimum withdrawal amount, which is a good thing and no hidden fees.

 
 

WMOption Ratings

User Friendly 20/20

The website is translated in English, German, French and Arabic, not the biggest number of languages but at least they are widely used around the globe so I don’t see a major issue here. The trading platform itself is one of the best in the industry and user friendliness is a big part of that success.

 

Number of assets and expiry times 18/20

WM Option gives you the opportunity to trade 12 currency pairs, 19 stocks, 7 commodities and 19 indices. It’s not the biggest asset index we’ve seen but I am sure among all these you will find the right trade for you at any time. The expiries are the usual for a TraderSoft platform, ranging from 60 seconds to 2 minutes, a few hours and end of day and even end of year, with all the normal time frames in between. Touch/No Touch is available, as well as the now popular Ladder Option.

 

Commissions, Support and Effective return 18/20

Wire transfers will be charged a $25 fee, live support is relatively helpful and quick to answer questions and the effective return ranges between 70% – 85% which is in the higher echelons of binary options returns. The best thing is that Out of the Money (OTM) trades will benefit from a 10% refund.

 

Deposit, Payment and Bonus 18/20

The minimum deposit is $250 and can be made through credit cards (Visa, Master Card, etc.), wire transfers and e-wallets (Neteller). Withdrawals can be made through the same methods, with a processing time of 2-3 business days and additional 5-7 business days for the money to reach your account. The Bonus ranges from 30% to 100% (and even higher for the VIP account) and the required turnover is 30 times for each $1 received as a bonus; this is low-to-medium compared with other brokerages.

 

Website Extras 18/20

Candlestick charts and WM-TV make for great extra features. Also the Ladder style option is available but this gets more and more popular these days so the majority of points for this section come from the first 2 features, weekly market update and live webinars.

 

WMOption Overall Ratings 91 + Process of Regulation (+1) = 92/100

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