A Revolution in the Binary World
Online trading has been undergoing mass upheavals lately, with even governing authority CySec tightening regulations, to ensure that each provider is a Trusted Broker.
In response, more and more countries are authorizing more and more online brokers to gradually replace the stolid and questionable world of “old boys’ networks” that characterize traditional investment houses.
Coming recently onto the scene, WMoption is one of the new wave of brokerages to be created from the ground up as a trustworthy and transparent player. No more scammy promises of unredeemable bonuses, no more calls in the middle of the night from frenzied salespeople pretending to be market experts – simply a clean and easy environment in which investors can put their money to work. Five accounts are available, Rookie to VIP, with quite satisfactory welcome bonuses (20% for the Rookie up to 100% for VIPs); but that’s the last you will receive. Barring special promotions (and they are rare) the only incentive you will receive to trade is their daily market briefing – meticulously prepared by a team of experienced analysts but easily accessible to even the most untrained novice.
Regulation from Day-1
Soon after the company’s inception, WMOption was immediately registered under the Vanuatu (formerly the New Hebrides) regulatory authorities and its CySec permit is pending. As with other providers, trading is around-the-clock on forex pairs, shares, indexes and commodities.
The award-winning Tradersoft platform is also minimalistic – simply 4 types of options on display (Quick, High-Low, Range and 1-Touch – forget the ridiculous ladder options with their unattainable 800% ROI) but a whopping 110 assets, data-fed directly through Reuters. The platform is accessible on all desktop, laptop and mobile devices, no matter what operating system you are using. Everything is immediately accessible – your real-time account status, open trades, trading interface and assets, and yet multi-view is a click away, as are your personal reports and the ability to create your own personalized price alerts.
Empowering the Client to Success
What sets WMoption apart, though, is their focus on client education. Whereas other providers buy and upload masses of information into an unreadable academy, WM provides the basic information you need to get started safely. Then each week, a tight schedule of webinars includes weekly introductory courses alongside more specialized courses – one I attended actually explained how the RSI is computed and why it works. These people truly understand that a trusted broker is one who is there to empower the investor, rather than simply goad him on into more and more losing positions.
WMOption enables accounts to be held in Euros, US Dollars or Pounds Sterling, with deposits ranging from $250 to $10,000 (the latter through Western Union). The minimum trade allowed is $25, and withdrawals are executed within 5 working days. Deposits and withdrawals can be made using VISA, ELECTRON, Maestro, American Express, MasterCard, Diners Club, Neteller, Yandex, WebMoney, QIWI, DELTA, Skrill, CashU, & wire transfers (no PayPal as we go to print).
When it comes to a trusted broker, WMoption is naming the game. We would like to see an accessible demo account (currently available only upon special request) and perhaps a wider choice of assets. Also, although very few use them, adding ladder options, as well as pending orders (which are becoming an industry standard) would be welcome. Otherwise, for pure and simple trading – WMoption is clearly set to sweep the market.