- Website is the trading portal
- On-site Reuters scrolling news
- No trading assets available yet
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WinOptions is ranked #45 of 74 Binary Options Brokers.
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Winoptions.Com is a binary options platform that offers options on several different markets including stocks, stock indices, currencies and commodities. Some notable tradable assets we tried included the S&P500 and major companies in the stock markets such as Caterpillar, JP Morgan Chase, and Pfizer.
The website is used as the trading portal, and trades can be made directly from it. This is advantageous as it allows traders to get involved in the markets from anything with an internet connection, as compared with Forex trading platforms, for example, which often require download onto a specific computer in order to maximize the experience. With Winoptions.Com, however, traders can access their account from anywhere.
Another advantage of the Winoptions.Com platform is the on-site is scrolling news from Reuters, and several educational materials such as the free e-book that the company offers. The bottom right corner of the site has an easy layout for building options as well, and there is plenty of information on the site about the trades and how they work.
During the course of our Winoptions.Com review we found that the company offers a handsome bonus on deposits. The generosity of the company is laid out in plain detail, and the trader can earn up to a 50% bonus depending on size of the initial deposit. From our experience, this is one of the most generous bonus programs on the Internet currently.
Opening an account is free, and you won’t need to necessarily deposit money into the account to start. Obviously, you need to deposit in order to trade, but this gives the trader the ability to be very flexible as far as their account is concerned. Quite frankly, you can simply keep enough in the account to cover your positions, which is flexibility in its finest.
The accounts can be funded in Dollars, Euros, or Pounds. The ability to deposit money into the account via Skrill, Union Pay, Liberty Reserve, CashU, Perfect Money, Wire Transfer, Visa, MasterCard, and others makes opening the account a breeze from anywhere in the world. It should be noted, however, that American traders are not allowed to trade with Winoptions.Com (or most binary options brokers).
Platform and features
The platform is very basic, but simple to read and intuitive. Nevertheless, short-term traders would probably be well-served to have charting outside of the platform for additional assistance. However, the charting available for free at several places on the web will more than suffice for the normal trader, and the options that this site offers gives a large amount of flexibility in order to take advantage of market conditions.
If you are looking for a straight-forward binary options broker Winoptions.Com is a good choice. The limited risk involved in trading binary options is certainly a massive advantage in these volatile times, and the large amount of stocks and indices available makes this a viable alternative to trading directly in the markets.