At first glance, WinOptions seems to much more like a bingo site than a binary options broker. The focus on bonuses, the busy website, even the font in the Winoptions.com logo scream betting, not trading. And while that may be the way that WinOptions chooses to market itself, underneath all that you will find a fundamentally reliable binary options broker which traders can count on to provide them with a solid trading experience.
Software and Features
All the power and flexibility of the new SpotOption trading engine is available with the WinOptions broker platform. Additionally, the new Android and iPhone apps are also supported for on-the-go trading. The features and extras on Winoptions.com are nothing special, but certainly aren’t lacking. Although there is no demo account, there are training videos, technical analysis features, market analyses, and more that both new traders and veterans can take advantage of. Customer support is very friendly and helpful, despite not being available 24/7. However, when you leave a message or send an email, they respond as soon as they reopen.
Option Types Offered
There are nearly 100 underlying stocks, indices, commodities, and currencies to trade at WinOptions, and all of these can be traded through the SpotOption family of options. Call/Put options, 60-second options, and one-touch options are all supported along with an option builder. Live chart trading from the Pro trader platform is exceptional as traders can sell their option back, double it up, or roll it over based on real-time data. Payouts are in line with the industry, ranging from 65% to 85%, with anywhere from 1% to 10% rebates offered on out-of-the-money trades.
Account Types Offered
New traders and casual traders love WinOptions due to the low minimum deposit amount as well as the high WinOptions bonus offered. The first deposit normally sits at a massive 100% but can range even higher; at the time of our WinOptions review they were holding a special promotion offering a 150% bonus. The clearance rate is only four times the bonus amount, so it can easily be cleared by almost any trader. It also only takes $100 to open a basic trading account with access to all the trading features. Higher deposit amounts will of course lead to bigger bonuses and more account benefits. There are also a huge amount of deposit options including major credit cards, wire transfers, e-wallets, and other local methods.
If Winoptions.com feels more like a gaming site than a broker, that is because it is simply targeting the casual trader who is far more comfortable with that kind of website than a complicated financial broker. What this means is that while pros might not find everything they want at WinOptions, weekend traders and beginners will feel right at home while still having the chance to use a complete and powerful trading platform.