6 / 10
Established in 2010, WinOptions is a much appreciated binary options broker, providing plenty of advantages to the ones that decide to trade, benefiting of its offer. Investors all over the world are invited to join their community, as the services are truly excellent in all respects. On the platform, you can find everything you need as a trader and much more.
The trading platform
In terms of usability and user-friendliness, the platform is really a delight to the ones using it. Provided by SpotOption, it offers easy access into the trading world and much sought features, in order to help traders with the processes they encounter. You can easily navigate through the multitude of tabs, for selecting between the trade types or other options you have. When trading, you also have right by your side all the information you may need such as the traded asset, the expiry time or the minimum amount of investment. No downloads are necessary, as we talk about a 100% web-based platform. You just have to connect to the internet and access their webpage and that’s all. You are ready to trade.
Concerning the design, you can discover that it is a clean and bright one with a comfortable feel, just perfect for a beautiful trading experience. And since we’ve got to this point of experience, you have to know that the platform is very suitable especially for beginners. Why is that? Well, because it offers a multifunctional demo account, helping novice traders to try the pleasure of trading without taking major risks. Apart from that, investors may make use of the educational resources, all at the learning section. Live financial news in real-time are provided also, to have the full extent of the movements and trends in the market.
The registration is completely free of charge. But in order to be able to trade, you must deposit at least 250 EUR, USD, GBP or JPY. As you can notice, you can choose from a wide selection of currencies, unlike the other brokers’ offerings. Also, you can deposit as much as you want, because the company has not imposed a limit, in what may concern this issue.
The list of trading types includes the Pro Trader options (Call/Put), the Option Builder, the 60 Seconds options and of course, the One Touch options. Each of them comes with its own strategy to be applied, its own amount of risk to be taken into account and also with different payouts. So choose wisely!
The additional features, meant to help in case the trade does not take the path you thought it would, are Buy Me Out, Roll Over and Double Up. However, these can only be used on certain trades.
Payout and expiry times
The payouts highly depend on the selected trade type. So, when using the Pro Trader contract option, you may have a chance to win up to 88%, this also being the highest return percentage offered for standard trades. The lowest is around 65%. But, we want to emphasize the fact that when trading One Touch option, this provides a return rate of even 550%, a huge figure. Of course, you realize this trade type is a riskier one, involving more advanced knowledge and understanding of trade-related issues.
This broker rewards the losing trades also, so a refund percentage of 10% is offered, in case your investments end out of the money. However, if using the Option Builder trading type, this refund rate is much higher, of about 80%.
The expiry times vary from one minute to one week. The 60 Seconds options expire in a minute and the ones with the longest expiration period are the One Touch options, which may take up to a week. Apart from these two extreme points, the range of expiry times includes also 15 minutes, 20 minutes, one hour, two hours and even 24 hours.
The four main categories of assets are comprised in the offer this company makes available to the public. Therefore, you may trade any of the following:
These are just few of the examples of the most important ones, as this broker offers even more than 80 tradable assets. When selecting an asset, you have the full information about it, so that you know what you are choosing. The minimum investment that you can make in a trade is of only $5, while the maximum is set at $4,500.
Deposits and Withdrawals
You have the freedom to choose a currency you prefer, as earlier mentioned. Whether you decide to open your account in US dollars, British pounds or Euros, be aware that once you have selected one, you cannot change in the future.
The deposits and withdrawals can be processed using the following methods:
The minimum withdrawal requirement is of $25. For those processed with AlertPay or Moneybookers, a fee of $5 is applied each time you withdraw from your account. Bank wires charge even more, a sum of $25. The other methods are free of charge.
WinOptions offers assistance in several languages, such as English, French, Italian, Spanish, German, Russian, Portuguese, Turkish, Chinese and Arabic. For getting in touch with a member from the support team, you may use the telephone, the e-mail or the live chat. You will for sure be provided with the most accurate advice, concerning your problem.
The advantage of a high payout combined with all of the other exciting features provides a mix of excellent services, which represents the main reason of why this broker should be strongly considered when making your choice. Overall, the many discussed tools and characteristics qualify this company in the top 10 of all binary options brokers.
Copyright © 2014