WinOptions Review
Editor’s Note – Why does WinOptions Suck in 50 Words
It’s not easy entering a competition, especially when some of the competitors are quite good doing their job. WinOptions try very hard to bring traders, mostly by offering attractive bonuses and promotions. Bots.com don’t really like bonus, we like education and tools. That’s what WinOptions should work on.
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Why WinOptions doesn’t Suck in 50 Words
Many traders, especially beginners, don’t agree with us on the bonus issue. Some say they like bonus and promotions; it gives them something to build on. So if you like high bonuses, try WinOptions, Just don’t do it before reading our Bonus article.
Win Options Full Review – New but ready
Win Options was launched just recently (January 2012), based a 100% web based SpotOption trading technology with no need for any software to be downloaded. Unlike most fresh binary options brokers, WinOptions trading technology is as modern and efficient as veteran brokers. Traders have many trading tools available, such as the Option Builder, 60 seconds options and one touch options. Overall, the trading experience on WinOptions is top class; I know some better reputed brokers who could only dream of such user interference, but enough about that. WinOptions might just become a good place for beginners, or low budget traders. WinOptions offer their clients some amazing minimum fees, both for deposit and investment. The minimum deposit is significantly lower than other brokers, with only 25$ needed to make a deposit. Similarly, the minimum investment amount is also low- only 5$. These low numbers might fit Un-experienced traders who want to learn and trade at the same time, but they want to it with minimum risk. You just can’t find many other binary options brokers with those standards. Speaking about benefits for beginners, WinOptions also provide high bonuses – 100% bonus for any deposit. Traders will also be glad to hear that WinOptions offer a special promotion – Cash Back, which is well known in the Poker industry, for good or for worse. All these great promotions and low funding needed could make WinOptions into a nice place for beginners; thatsucks.com will keep on tracking WinOptions’s developments in those areas.
Is WinOptions Scam?
WinOptions defiantly raise the bar when it comes to promotions, cash backs and even low funding account, which makes me wonder how the hell they will make money if they give so much money away. Anyway, it’s not my business; my business is looking for binary options possible scams. As for WinOptions, I just couldn’t ignore their “free gifts”. Looking deep into their terms and conditions, you might find some answers to some of those conflicts. Firstly, I never liked high bonus factors. The 100% bonus for every deposit is helpful when you want to raise your balance, but be warned that the money plus the profits would only be available to withdrawal after a wager of 20 times the bonus amount! Investing as low as 100$ means that a trader will have to trade in a volume of 2000$ just to withdraw his profits, and when we’re talking about a minimum investment of 5$ only, it could take awhile… Secondly, I’m unsure of the cash back option. My background is actually from the Poker world, therefore I don’t really like it when binary options and gambling mix together. There’s a reason why reputed binary options brokers in particular and most of the binary options industry as one offer traders Out-of-Money refunds. I think WinOptions is actually the first broker I’ve seen that offer such a promotion. I’ll let the traders decide on that matter. Either way, I don’t see any reason for a possible scam by WinOptions, but I also think that as for the moment, better brokers are more advised.
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WinOptions Complaints
WinOptions are new to binary options; therefore searching for complaints is not easy. We searched Google for any WinOptions complaints, scam, fraud, etc. but unfortunately we couldn’t find any real comments.
WinOptions Bonus
The bonus at WinOptions is crazy- up to 60% bonus for initial deposit. That’s quite a lot, I’m not sure is quite needed. The wager is fair, 4*deposit + bonus, but could become quite a drag since the bonus is high.
WinOptions Withdrawal
Here at Bots.com we care about withdrawal, more then we care about depositing. At WinOptions, it’s not easy to find the withdraw restrictions. Does it say something?
WinOptions Ratings
Since 2012. Trading Assets- 83 trading assets. Minimum Deposit -200$. Payment- Credit cards, wire transfer, moneybookers. Options Profitability- 65%-85%. Out of money option refund- 1-10%. Platform: SpotOption. Languages- 3 different languages including English, French, Arabic. Demo- NO
User Friendly 14/20
WinOptions website offer 100% based SpotOption trading platform. The platform is smooth, very user-friendly. Also, the design is nice, seems modern and professional. The only side is the lack of languages, only 3 including English, French and Arabic.
No. of Assets and Expiry time 14/20
Total of 83 assets: 14 currency pairs (Forex), 7 commodities, 28 Indices and 34 Stocks available to trade is above average amount of assets in the Binary Options industry. There a few expiry times, also touch options for weekends.
Commissions, Support and Effective return 9/20
WinOptions do not charge any fees while depositing, and do charge commissions for withdrawal in the first time, or once a month. However, Subsequent withdrawals cost 30$. WinOptions Effective return is around 70%, which is between averages to high compared to other Binary Options Brokers. Out-of-Money is around 5%. The support is available via 11 international numbers in the US, UK, France and Spain and by mail. The live chat is fine, seen better.
Deposit, Payment and Bonus 11/20
Depositing is available via credit cars, wire transfer or moneybookers. The minimum deposit is at least 200 for initial deposit, only 25$ after initial. Investment is only 5$. The bonus is quite extensive, over 60% bonus for any deposit and many more promotions.
Website Extra’s 11/20
WinOptions enjoy the fine trading tools and trading options available on the SpotOption trading platform. That includes- Option Builder, 60 Seconds, rollover and close now options. The market reviews are not the best, but could provide certain info.
WinOptions overall Score: 59/100 – Not Regulated (-5) = 54
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