WM Option Binary Broker Review

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WM Option Binary Broker Review

WM option is a binary options brokerage we’ve been testing here at binary today for the past few months. The broker uses the spot option platform and does a good job at simplifying the trading process.

Today I’ll be providing a full review including my experiences and giving the binary today readers an area to air any grievances they may have.

Your Rating: [ratings >

WM option review

My first impressions of the WM Option broker are positive. The brokerage is using the spot option version 2 trading platform which is very simple and straightforward. There’s nothing overly special about this broker as their focus is on reliability and service. The returns are good and there are no strange extra fees or trading conditions to worry about.

I have very few complaints about this binary options broker, the only negative aspect I see is that they don’t go above and beyond. They are using a very common platform and don’t seem to differentiate themselves from other binary options brokers. This isn’t a major issue.

The WM Option offices are displayed on every page: Omni Global Solutions SRL Bucharest, Third sector, 17 BABA NOVAC street, ground floor, Bl. G13 ,2ND entrance, Ground Floor , suite 45, District 3 , Romania. The brokerage was founded in mid-2020 and has a very positive reputation online. I believe that this broker is an up and comer and while I may not recommended today I believe that we should keep this on our radar moving forward.

Video Review

The WM option trading platform provides traders with candlestick charts which allows traders to better analyze the markets within the platform. It’s common for traders to do most of their analysis in meta-trader 4 but the charts in this brokerage allow for traders to do some analysis inside the platform, which is a nice option to have. Their platform also provides a strategy advisor which provides predictions based on common binary options technical indicators. I prefer traders do this work on their own as I don’t feel like any binary options broker utilizes indicators properly.

The brokerage does include an Academy section where they keep all their educational materials. Here there are live webinars as well as a system that allows traders to receive live trading signals. I’ve not tested the WM option signals and I usually don’t ever use binary options broker signals so I won’t say that this is a must have feature.

They offer a variety of trading accounts starting at $250 and going all the way up to $50,000. There are quite a few options here but no matter what your level of trading, you can start with this brokerage.

I don’t believe that I will be recommending WM option over the top rated binary options brokers here at binary today but I do believe we should keep them in mind for the future. I think that this brokerage shows a lot of potential but I would like to see if they are able to sustain their clean reputation over a longer period of time. If you have anything you would like to add to this review please leave your comments or questions below the article now. Thanks for coming to binary today and have a wonderful start to your weekend.

WMoption Broker Review

As a new binary options broker, WMoption is present on global financial market. This brokerage company is established in 2020. Further, in WMoption broker review, we will provide you with more information about trading platform and which features can be used in order to have a profitable binary journey.

WMoption is operated by the TLC Consulting Ltd.

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To get started, minimum deposit is $250, with minimum investment if just $5. Returns are max. 77% and bonus can go up to unlimited amounts; we recommend traders to check bonus policy for more details.

With WMoption broker, it is possible to invest in USD and EUR.

WMoption Trading Platform and Features

According to WMoption broker review, we have learnt how this broker uses SpotOption software. A selection of different trade options are available for traders worldwide to use them. They include: HIgh/Low, 60 Seconds, One Touch, Pair Options, Ladder Options and SpotFollow.

Navigating over this platform is simple and easy reachable for interested traders. Combined with a variety of short term and long term options, traders can choose between different expiry time, such as 60 s, 90 s, 2 min, 5 min, 15 min, 30 min, 1 hr and end of day, week and month.

WMoption Trading Platform and Features

We were pleasantly surprised to see how this broker offers two popular features on their platform; Double Up and Rollover.

Double Up feature can be used to double the previous trade. One thing has to be noted which is that the second trade has to be under the same conditions as the last trade. This feature is used when traders are certain they will achieve success and therefore, they want to double the trade.

On the other hand, with Rollover, traders have opportunity to turn possible money loss to money gain. If they feel their trade will be a loss, they can click on Rollover feature and see how trade changes. This is possible latest 30 minutes before a trade expires.

Due to high tech achievements, many brokers offer mobile platform to interested traders and WMoption is one of such brokers.

WMoption broker offers mobile app which can be downloaded from Google Play and App Store. This app can be used on tablets and smartphones and is mostly intended for traders on the go.

Unfortunately, traders don’t have opportunity to practice trading, meaning there is no demo account, at least not yet. Demo is a powerful tool since it enables trades beginners to see how platform works and how to place trades in binary options. We hope that WMoption broker will soon make demo available on their platform.

WMoption Account Types

Our WMoption broker review revealed how traders worldwide are able to choose between 5 account types on this platform.

WMoption Rookie account

  • Minimum deposit $250
  • Welcome bonus 20%

WMoption Basic account

  • Minimum deposit $250
  • Welcome bonus 20%
  • Extra payout 1%
  • Lowest trader point to keep benefits 5
  • Maximum position for binary options $1000

WMoption Silver account

  • Minimum deposit $500
  • Welcome bonus 50%
  • Extra payout 1%
  • Lowest trader point to keep benefits 35
  • Maximum position for binary options $2000
  • Priority line to account manager

WMoption Gold account

  • Minimum deposit $2500
  • Welcome bonus 70%
  • Extra payout 1%
  • Lowest trader point to keep benefits 165
  • Maximum position for binary options $3000
  • Priority line to account manager

WMoption VIP account

  • Minimum deposit $100000
  • Welcome bonus 100%
  • Extra payout 2%
  • Fixed spreads 1-3
  • Lowest trader point to keep benefits 665
  • Maximum position for binary options $5000
  • Priority line to account manager

WMoption Customer Support

After detailed review of WMoption platform, we learnt how they offer an excellent customer support service, which is extremely important to all traders, interested in binary options trading.

Traders are able to reach WMoption broker through email [email protected] , live chat, phone and web form.

In case traders have any difficulties, they can contact WMoption support and get instant assistance. This comes as an important segment of successful binary options trading process and we are glad that WMoption offers just that to their traders across the world.

Phone numbers are available for following countries: Finland, Netherlands, Norway, Bulgaria, Ukraine, Australia, Canada, South Africa, Nigeria and Malaysia. Also, trading platform is available only on English and Arabic.

Another thing worth mentioning is that WMoption broker offers really good Education Center, where traders will have on disposal to use a selection of different materials, such as Guide articles, webinars, WMoption TV, economic calendar, best trading tips and FAQ.

WMoption Banking and Company

This trading platform uses SSL encryption, an often type of protection data of registered traders. This WMoption broker review showed us how they accept a selection of different deposit options.

  • Payment via cards – Mastercard, Maestro, Visa Electron, Visa, American Express and Diners Club
  • E wallets – Skrill, Neteller, WebMoney, Yandex.Money, CashU, QIWI and Delta
  • Bank wire

WMoption doesn’t charge fees for withdrawal funds, which is a good news for all registered traders. Before withdrawals, traders need to submit a withdrawal request, with included data (photo copy of ID card, address proof and copy of credit card). Usually, estimated time for withdrawal is within 3 working days.

WMoption Broker Review 2020

WMoption is a brokerage company which, according to the broker provides user-friendly trading environment and diverse binary options products integrated on a web-based platform. The broker promises excellent support services and advanced technologies for its clients.

We have noticed that WMoption is not regulated by regulators we are used to seeing with other brokers, but it has a Vanuatu Financial Services Commission – Licence number 14793.

Find out more about this broker in our WMoption review and find out all important facts that might be useful to know. WMoption starts with $250 minimum deposit and it allows up to 77% payouts. Traders can invest from $5 which is the good start, especially for those who are new in binary options industry and want to start with low investments.

WMoption Account Features

We always start with some general broker specifications that will give traders the main idea about the WMoption broker. Most traders first want to know about trading accounts that are offered by the broker. The research we have conducted for our WMoption review revealed that traders can register with five different trading accounts:

WMoption Rookie Account

Rookie account is a kind of a beginner level that is usually customized for beginner traders with no or low trading experience. According to the WMoption, this account starts with only $250 deposit and it allows 20% welcome bonus. During our WMoption review, we have contacted their customer support to find out more about the Rookie account but their agents referred us to talk with their account manager for more information.

WMoption Basic Account

Basic account is available from $500 deposit and for those who want to achieve some higher success rates with the support of various educational tools. WMoption review found out that traders that register with this account get an extra 35% of welcome bonus and extra payout of 1%. Basic account also supports personal support for WMoption clients.

WMoption Silver Account

In our WMoption review, we have found out that Silver account offers a lot more than previous accounts. Silver account clients are welcome to use more sophisticated analysis tools that will help them become professional traders.

Besides a 50% welcome bonus and $5,000 deposit, Silver account traders are supported with WMoption senior brokers. As we went further in our WMoption review, we have found that Silver clients have minimum trader points to keep benefits 35. This account provides a phone line priority with their account manager.

WMoption Gold Account

This account is specially customized for exclusive clients that plan to invest serious investments and demand a personalized customer relationship. WMoption review found that Gold account starts with $25,000 and it enables a 70% welcome bonus. Gold account is customized for client’s needs and it offers a lot of benefits like extra payout for options and higher maximum positions.

WMoption VIP Account

The VIP account allows maximum services for WMoption clients. According to the broker, this account has focused on those clients who want to boost up their trading game on the highest level. The WMoption review reveals that VIP account starts with $100,000 minimum deposit and it allows 100% welcome bonus. VIP account is considered as the most exclusive WMoption trading account with the best trading services. VIP clients are welcome to use an extra payout of 2% and they have the highest priority on the account manager phone line.

With so wide variety of trading accounts, WMoption broker is an excellent place for both beginners and expert traders worldwide. Every account welcomes clients with attractive welcome bonuses that will give additional benefit to every trader. It is important to know that WMoption bonuses require certain turnover amount. In case the bonus is accepted, traders will have to accomplish at least x30 for every $1 of bonus.

As we went further in our WMoption review we haven’t found that broker offers a demo account. This is something that all traders like to have before they start investing the real investments. Demo accounts are usually interesting to rookie traders that have no trading experience.

WMoption Trading Software

WMoption is one of the brokers that is integrated with the Tradesmarter platform. This might be a refreshing interface for those who are used to trade with the standard SpotOption platform. According to the broker, trading on Tradesmarter platform is user-friendly and secured with highest safety standards. When traders are logged on their account, they can set various interface layouts that will fit their preferences.

Besides that, our WMoption review found out that traders can choose to trade with high/low, Range Options, One Touch, Pairs, 60 seconds and Ladder Options.

Trading with WMoption includes trading on a web-based platform or mobile apps for those who are on the go. This way traders can have the same account on more trading platforms, depending on their needs.

We can say that navigating through WMoption site is simple and easy to navigate and that traders will find all information in organized sections. As we have already mentioned, WMoption payout rate is 77%, but it raises on 1500% when traders decide to trade with high yield options.

In our WMoption review, we have determined that traders are welcome to trade with a great number of underlying assets which include: 6 commodities, 29 indices, 71 stocks and 34 currency pairs.

WMoption Support Information

One of the most important things traders are very sensitive about is the customer support service provided by the broker. If you have some previous experience with broker support agents, you probably know how it is important to have a high-quality service in order to get what you need.

Contacting the customer support is usually the first step traders will take before they register with the broker. In our WMoption review, we have tested their customer support to get an idea of the quality of the service. Their agents really made a great effort and provided us with all information promptly.

WMoption provides various ways of support service. There is a live chat option available on their website. Traders who prefer sending the query through the mail can write through contact form or emails available on WMoption site. Besides the chat and contact form, traders can call various phones to get some of the WMoption agents. WMoption review discovered many available numbers in several countries: South Africa, Canada, Ukraine, Bulgaria, Finland, Australia, Malaysia, Nigeria, Netherlands and Norway.

The WMoption website is available in English or Arabic language only. From our perspective, this might be a small issue, while there are a lot of traders that are not secure using the English language. We hope that WMoption will release more languages soon.

We have noticed that WMoption offers various educational materials so traders can check trading guide, WMoption TV section or FAQ database. Some educational materials are not available until traders register with WMoption.

Tip: Trade with reputable and regulated brokers on FX-Advisor.

WMoption Company Information

As we have already mentioned before, WMoption starts with $250 and the minimum trading amount is only $5. The broker has put a lot of effort in providing a variety of payment options which usually leads to clients satisfaction. As confirmed by the WMoption, the broker tends to provide the finest payment methods that have to be quick, safe and easy to use.

Traders who prefer using the credit cards can deposit or withdraw their investments using: Visa, Visa Electron, Maestro, Maestro UK and MasterCard . It is very important to know that traders who plan to deposit with Maestro are required to provide MasterCard Secure Code. Traders need to know that in order to authenticate their card, traders will have to enable 3D transactions with their bank provider.

WMoption also allows depositing and withdrawing through Wire Transfe r which welcomes traders to synchronize transactions with banks across the globe. Wire transfer is considered the most secure transfer method and it is usually made for bigger transaction amounts.

Those who live on the go usually use various E-Wallets like Neteller .

According to the broker, WMoption withdrawals are processed within three business days, but sometimes it takes longer for the funds to be visible on the account. In our WMoption review, we have determined that all transactions are free of charge.

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