Wynn Finance Review

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Wynn Finance Review

This Broker is Out of Business!

Read the Complaints page, see here.

Wynn Finance was a binary options broker that opened in 2020. Wynn Finance is owned by Waterfall Partners Ltd., with an address at 64 Paul Street, Ground Floor Right, London, EC2A 4NG, United Kingdom. Their email address is [email protected]

Complaints and withdrawal problems should read this.

Wynn Finance Review

Wynn Finance gives traders the new trading platform from Panda. Their trading software has around 100 of the most highly traded assets. The returns on High/Low options are typically 81%, and they also offer One Touch and Range Options. Hyper Options are made for high speed / high frequency trading and time frames are: 30 seconds, 60 seconds, 2 min, 5 min & 10 minute options.

Account Types at Wynn Finance show the smallest account type requires a minimum deposit of $500. That is much higher than the other brokers where you can start with $100.

Scam Trading Software

Warning: If auto trading software connected you to Wynn, you can’t use that account. They will consider it abuse, and cancel your account.

According to the terms and conditions, section 19

Automatic trading mechanisms, including external execution systems, non-authorized Automatic and semi automatic trading mechanisms integrated by a trader are considered to be abuse.

A popular feature that Wynn Finance includes in their Panda trading software is Copy Trades. May people nowadays are not interested in doing research or watching the markets looking for a trade opportunity, and instead they just use the copy / follow feature, and hope that someone else is making a smart trading decision.

Wynn Finance Trading Platform

Wynn Finance License Check

When the Scam Broker Investigator reviews a binary options broker to see if they are a scam or legitimate broker, one of the things we look for is a license. There are many licensed brokers who are regulated by ASIC, CySEC, or the CFTC.

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Wynn Finance is not a licensed broker, for an updated list of licensed brokers, see here.

American Citizens are officially (according to their terms and conditions page) not allowed to open an account. The SEC has an investor alert regarding scam binary options trading, read entire alert on the SEC website.

If you are trading with Wynn Finance, we would like to hear about your experience.

Please share your feedback in the comments section.

Wynn Finance Review – Most Elite Broker For Trading!

There are so many brokers out there that one is bound to get confused. Its a common dilemma among traders which brokers to trade with and which to ignore. There are a few checks which are useful in determining a trustworthy broker. We review Trading software and Binary Options Brokers in great details on our blog. Today, we review the Wynn Finance Binary Options Broker. Read our impartial review and we’ll point out the features and services this broker offers.

Wynn Finance Review

Not very old in the field of Binary Options Brokering, Wynn Finance has quickly set things up for itself. In a very short period it has managed to earn a good reputation among the various traders who chose to trust them. It would be apt to mention in the starting of the review itself that Wynn Finance are NOT licensed. But, as is said, if you have strong morals then you do not need external vigilance or policing to control you. Similar is the case with Wynn Finance who despite of not being licensed are no less responsible in any aspect than the licensed brokers. Its just a matter of time that they too get licensed if they continue to demonstrate the integrity they are showing.

Wynn Finance started operations in 2020 and conducts itself from London. It is owned by Waterfall Partners Ltd. which is a respectable institution in this field and for many years.

The trading platform for Wynn Finance works on the latest version of Panda system. The platform is simple and has won an award too. The platform is quite old and started its operation in 2007. Emphasis has been laid on simplifying the things. It doesn’t help the traders if the platform offers more detail into everything than absolutely required. The platform is more GUI based rather than text.

Trading Options and Features

Wynn Finance offers a wealth of trading options. It allows trades in currencies, stocks, commodities and indices. Currently it features 25 currency pairs in its listings. The maximum payout across all type of options is 81% or less. Oil, Platinum, Gold, Silver, Copper, Coffee, Wheat are the featured commodities. Among the trade types- Binary Options, Long Term, One Touch and Hyper.

Binary Options are the trades we all are aware of. Predicting and calling it a Call or a Put.

Long term as the name suggests is an option with longer expiry times. They are also Call/Put option basically.

One Touch fetches benefits if the asset price touches a predicted level at least once before the expiry time.

Hyper involves very small expiry times ranging from 60 seconds to a few minutes. This one attracts the new or for-fun-traders more.

Traders can enjoy returns as high as 85% on their investments. The hyper trade option though has very small expiry times but fetches lower returns as well. Its returns hover around 65%. But still these are pretty good considering one earns this much so quickly.

Account Types and Bonus

Wynn offers a string of account types which come packaged with different features and benefits. Basic, Standard, Silver, Gold, Platinum, Expert and VIP are the offered accounts. Lets see what each offers.

Basic: The minimum initial investment is set to $500 for this account. Benefits include free e-book, market news and a bonus of 25%.

Standard (Our Recommended): The minimum initial investment is set to $1,000 for this account. Benefits include all those in Basic + 1 free trading strategy.

Silver: The minimum initial investment is set to $5,000 for this account. Benefits are 1 risk free trade, weekly signals and a bonus of 30%.

Gold: The minimum initial investment is set to $10,000 for this account. Bonus accrued up to 45%. Daily signals, 3 risk free trades and a dedicated senior analyst to help and guide you.

Platinum: The minimum initial investment is set to $25,000 for this account. A whopping 60% bonus, daily signals, 5 risk free trades, dedicated broker and same day withdrawals are the key highlights.

Expert: The minimum initial investment is set to $50,000 for this account. It comes loaded with 80% bonus, 10 risk free trades, daily signals, faster same day withdrawals, MMSystem and a dedicated broker plus all other market and educational packages.

VIP: Only available on direct to Support.

Transaction Support

For deposits, payments through credit card, debit card, wire transfer or Neteller are supported. Deposits are limited to a maximum of 20,000 through cards and $3750 per transaction for Neteller transfers. The minimum amount that can be withdrawn is $30 for Neteller and Credit/Debit cards. For Wire transfers $100 withdrawal is the minimum permitted.

Customer Support

The Support provided by Wynn Finance is exemplary. A large language support to cater to different people and regions. Wynn Finance can be reached through Email, Telephone or live chat. The support personnel are generally very co-operative but it depends. Anyone may not be having a very good day! But overall, we didn’t come across any major complaints pertaining to Customer Support.

Conclusion

Wynn Finance has gone down well in our review of it. We did not really find any mention-worthy shortcomings so to say. The only little ones that come to mind are the higher side of initial deposits for various accounts. The other one is Wynn Finance is unregulated. Although we have been satisfied by their working, but a trader may still be drifted towards the licensed one for extra security. Although it would not make much difference because Wynn Finance are no less trusted than their regulated counterparts. The swelling number of traders who have chosen to trade with them is testimony of their goodwill. We would recommend Wynn Finance as a preferred broker for all your trading needs.

7 Binary Options

UPDATE (10.01.2020):

We have found out that Wynn Finance has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

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Try also Binary Option Robot if you are looking for automated binary trading.

It is not every day we get to review a binary options broker and trading platform this attuned to trader needs, Wynn Finance is a relatively new platform which has only been around since last year (2020) but it is making ripples and a name for itself, how could we pass the chance of making a full review and looking closely into what they offer?

Wynn Finance was established in 2020 as we mentioned and is owned by Waterfall Partners Ltd. based out of London, UK. A binary options broker which can trade globally except with those residing within Turkey. They are a new but a successful trading platform so something must be done right, with trader numbers consistently growing they caught our attention so we wanted to learn what is pulling the traders in.

While it is not all perfect we generally have a very positive opinion about Wynn Finance and what they offer for binary options traders, the site and the platform offer everything needed but are not overdoing it and not burdening the trader with what they do not need. It seems Wynn Finance has realized what not all trader platforms do, sometimes less is more, keep it simple, provide a visual and easy to get around platform and be fast on deposits and withdrawals, top it off with great customer service and you have a winner. Here is our full review presented to you in-depth so you can make your own mind about Wynn Finance.

Basic information:

Online since: 2020
Jurisdiction: London, England
Software: Panda Ts
Max Returns: 85%
Bonus: 100%
Minimum Deposit: $200
Minimum Investment: $5
Maximum Investment: $10000
Currencies: USD, EUR, GBP, RUB, CAD
Mobile: Yes
Countries: All nations

– Has a huge list of deposit and withdrawal methods
− Return on Investment as high as 85% on trades
− A wide variety of account types and features
− Access to their handy mobile trading app
– Small minimum investment
– A very user friendly trading platform interface
– Wide variety of options

− They have no demo account available

7 Binary Options Rating:

Wynn Finance has chosen to keep it simple, they present their traders with only several possibilities for trade but these cover any need and preference so it’s a good approach, they cover preferences from short term to long term trade and different possibilities such as High\Low, Hyper for extremely short term trading, One Touch and Range.

Of course the list of assets you can trade in is very long and also varied but this is all kept simple on their visual platform so we can comfortably say that their platform really is for everyone. We have heard of Wynn Finance from those trading in hyper, super short term trades while trading in Gold or other commodities to those trading in Currencies or Indices for long term, this very fact we have heard of this platform from widely different traders trading very differently says it all, one platform to suit them all.

Account types

Basic – requires a starting investment of $500

This basic account includes up to a 25% bonus, weekly market updates and an educational Ebook. This is the starting point for those new to binary options trade and allows them to check the waters, so to speak.

Standard – requires a starting investment of $1,000

The standard account includes up to a 25% bonus, weekly market updates and an educational Ebook but also an academy membership and 1 Trading strategy provided. This is the account for those who have some experience at trading or those who feel more confident.

Silver – requires a starting investment of $5,000

The Silver account includes Webinars, a 30% bonus, 1 risk free trade, weekly signals, 1 academy session and daily market reviews. This is the account type for those who are definitely more serious and are deep into binary options trading, the account provides a notch up and a more professional approach.

Gold – requires a starting investment of $10,000

The Gold account includes a 45% bonus, daily signals, 3 risk free trades, 3 training sessions, live webinars, daily market reviews and a dedicated senior analyst. An ever greater commitment but much greater benefits, allows a closer hands-on approach with plenty of education and help handy.

Expert – requires a $50,000 investment

The expert account provides an 80% bonus, daily market reviews, 10 risk free trades, academy VIP live, Webinars, Live webinars, daily signals, binary options robot, a dedicated broker, MMS and expedited Withdrawals. The Expert account requires the most resources and investment but provides the best value for that investment and tools to learn more about trading and tools for trading better and more efficiently.

Trading platform

Wynn Finance is using a modern and cutting edge trading platform, it is easy to use and is good at simplifying matters, it does not give the sense of being overwhelmed as some others platforms do. Instead of showing mass amounts of data it is customizable in what it shows and picks a more graphic approach rather than a text and number based system.

Screenshot

There is no lack of variety on Wynn Finance, while not every asset is there, obviously, the main and popular ones are fully covered and this focus allows them to cover them properly with their site drawing financial news related to such assets.

Wynn Finance covers commodities (Gold, Silver, oil etc.), currency pairs (covering the major currencies in the world), Indices (including those of the major stock markets in the world) and stocks of major and renowned companies. Couple this wide range of assets with the many trade options and you get a platform that has everything you need for efficient trading.

Banking

Wynn Finance has taken measures to cover the banking needs of a trader, they cover several options and the surely the most important ones for both deposits and withdrawals. Credit cards are supported, at least the major and international ones such as Visa, MasterCard, Amex, Skrill, iDeal, Diners, Cartebleue and also wire transfers are available as well.

Security is being taken seriously and Wynn Finance has taken measures to keep to the highest standards of online security, all trade and financial actions are done on SSL encrypted web pages so personal and financial information is being kept safe.

Educational tools

Wynn Finance has made efforts to provide information and education for traders on their site, while the advanced courses are limited to those with higher account types but the basics are all there and then some. This makes Wynn Finance a great place for beginner traders or those who didn’t like other platforms.

The education area on the site offers different formats of information, from text on their site to Webinars, videos, an Ebook, a glossary of financial and trade-related terms, an FAQ and an economic calendar.

Testimonial

Wynn Finance has some quality customer service available to their traders, they are available by phone including toll-free, by email and by chat that we have found to be the most available. As all three contact methods we mentioned are possible to use with a smartphone, this makes the Customer Service available from everywhere, even on the go.

Support is mostly in the English language so that is a drawback, they can’t always cover support in some languages and this depends on the hour of day but we have found the representatives to be professionals, being knowledgeable, very service-minded and polite.

Conclusion

Wynn Finance is one of the better ones out there, a great platform, simple and easy to use, traders do not have to invest in the higher account types in order to succeed, low minimum investments, a good rate on investment, these make it possible. Of course there are downsides, the major downside is not being able to trade while within the US, a sure hindrance.

However other than that all of the positive factors we mentioned throughout our review combine to present a solid trading platform. On top of these they provide you with good service and plenty of information available on their site. You can really feel they cater to small traders which are the lion share of traders out there but not at the expense of the rest.

As we mentioned when we started this summery, Wynn Finance may not be the best platform but it is a true tier one platform, it is one of the best, we are recommending Wynn Finance for use by all levels of traders, they are a keeper.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, German, Russian
Trading Options: High / Low, One Touch, 60seconds, Long Term, Boundary, Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 60 sec, 2min, 15 min, 30 min, 1 hr, End of Day, End of Week
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, iDeal, POLI, CashU, Diners Club, JCB, Maestro, Alert Pay, Ukash, WebMoney, Paysafe Card, Inpay, Neteller
Withdrawal Time: 2-5 bank days
Demo account: No

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