One of the very first Chinese binary options broker, WebiTrader now has an English-language website which is open to traders from all of the globe. Although WebiTrader.com doesn’t necessarily do anything better or offer more features than any other binary option broker, there are some benefits to trading at WebiTrader such as their social trading tool or their large asset list.
Software and Features
WebiTrader uses the exceptional SpotOption trading platform, though by using one of the older versions they miss out on some of the newer features such as pairs trading or full mobile trading capability. Even then, the platform is powerful, fast, and easy to use. Their educational center is likewise a little behind the times, although the Chinese portion of the WebiTrader.com site has much more to offer and features such as a demo account and an ebook had been recently added at the time of our WebiTrader review. The cool social trader features allows account holders to see how other traders are doing in real time. Customer service is available 24/7 online in Chinese through the live char features with English offered in the near future while English support is currently available over the phone and through email.
Option Types Offered
The asset list at Webi Trader is larger than you would expect from a broker of this type, with nearly 100 different underlying stocks, currencies, commodities, and indices supported for trading. These assets can be traded as normal call/put options as well as one-touch options. 60-second options are possible through the Option Builder, and the Pro Options Open platform allows for traders to watch an open option with a live chart and decide whether they want to sell the option early, double it up, or extend it for another round. Payouts fluctuate between 75% and 85% and out-of-the-money trader return a maximum of 10%.
Account Types Offered
Instead of offering rigid, tiered accounts, WebiTrader encourages new account holders to contact them when they sign up for an account in order to create a customized account suitable for them and offer them a WebiTrader bonus on their first deposit. Higher deposits lead to more benefits like higher bonuses, better returns, and even the chance to win free gifts like iPads or computers during certain promotions. Both wire transfers and credit cards can be used to make secure deposits and withdrawals.
While one of the best Chinese binary options brokers out there, WebiTrader still has a ways to go in order to become one of the biggest and best global traders. But there are some very positive signs pointing to a bright future for WebiTrader.com and it is a broker that smart traders should keep an eye on in the coming years.