WinOptions Review

Win Options

WinOptions is a binary options brand that commenced operations out of Cyprus in 2010. WinOptions is a white-label partner of SpotOption Ltd, utilizing the trading platform offered by this company to provide trading facilities for their traders.

WinOptions Payouts

Even though there are various payouts for the different trades on WinOptions, the standard payout for the conventional trades is 78%, even though payouts may approach 88% in exceptional cases. The High Yield options have different payouts depending on the asset class being traded, the expiry time/date and the direction of the trade. For instance, the lowest payout for the High Yield Touch option is 300% while the highest payout is 670%.

The variable option (Pro Trader) which allows the trader to close the trade before the expiry time has a different payout because when the trader exercises the option of early closure, he pays a premium from the payout. The payout is therefore determined by how close to the expiry the trade is when the early closure is exercised.

Bonuses and Promotions from WinOptions

The following bonuses are awarded by WinOptions:

a)    Christmas bonus: A Christmas bonus is awarded every year by WinOptions. For Xmas 2012, some special account opening bonuses are being given out up until January 31st 2013. A deposit of $100 will attract a 50% bonus. Deposits of between $200 and $300 will attract a bonus of 100%, while traders who deposit above $400 will receive a bonus of 150%. The trader will need to apply the coupon code 150XMAS to get these bonuses.

b)    There is a conventional account opening bonus which is account specific.

WinOptions Assets and Expiry Times

Traders can get access to trade several assets that have a comprehensive geographical spread, ensuring that traders from any part of the world can trade an asset that they are familiar with.

1)    Stocks: Nike, Google, Lukoil, HSBC Holdings, Rolls Royce, Coca Cola, BAE Systems, Facebook, Petrobras, Microsoft, Tesco, Toshiba, Citigroup, Topix, British Petroleum, Teva Pharma, Deutsche Bank, Sab Miller, IBM, Hitachi, Goldman Sachs, France Telecom, GAZPROM, Nissan Motors.

2)    Currencies: AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, USDSGD, USDCAD, USDTRY, USDZAR, USDEGP.

3)    Commodities: Oil (light sweet), silver, copper, gold, coffee, sugar, platinum and wheat.

4)    Stock Indices: Dow Jones, Nasdaq, S&P500, NIFTY, CAC40, DAX, FTSE100, IBEX35, Kuwait, RTS Futures, MICEX10, DSM20, EGX30, Hang Seng, Dubai, Tadwul, Nikkei 225, ASX200, SSE180, Straits Times, TOPIX500, Tel Aviv25.

In keeping with the standard expiry times of the SpotOption The lowest expiry time on WinOptions is 15 minutes. This is usually for the Call/Put type. Other expiry times are 30 minutes, 1 hour, 1 day and a weekly expiry (for the high yield trades).

Trading Tools provided by WinOptions

The following special trading tools are available on WinOptions:

a)    Traders can get access to live financial news that can be used for fundamental analysis. The news comes direct to the platform from the servers of Reuters news agency.

b)    There is a free binary options ebook that explains the trading process on the WinOptions platform.

WinOptions Deposits and Withdrawals

Any trader who intends to trade binary options with WinOptions must take the following steps for account opening, deposits and withdrawals:

a)    There is an account opening form on the right hand corner of the WinOptions homepage. This is what the trader needs to fill in order to open an account.

b)    After account opening comes account activation. The trader can activate the account by submitting copies of the biodata page of an international passport. A drivers’ license or national ID card will also do. In addition, a copy of a utility bill or bank statement is required as proof of residence.

Accounts can be funded using the following methods:

a)    E-payments: Traders can use Moneybookers, Perfect Money, Liberty Reserve, CashU, and AlertPay for funding their trading accounts.

b)    The following credit cards are accepted: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo.

c)     Bank wires can also be used.

$200 is the minimum account opening requirement to trade binary options with WinOptions. Accounts can be held in US Dollars, British Pounds and Euros.

The maximum investment in one trade is 2000 Euros/USD/GBP, and cumulatively a maximum of 4500 USD/GBP/Euros is allowed in total exposure. The minimum withdrawal amount is 25 USD/GBP/Euro. Moneybookers and AlertPay attract $5 in transaction fees while wire transfers attract fees of $25 or the equivalents in Euros and British Pounds.

Sign up to WinOptions.com!

Customer Support of WinOptions

Here’s how to contact WinOptions:

• Phone number: +44-20-33555288 (there are also several international phone numbers depending on the trader’s country of origin)
• Email: There is an online form on the Contact Us page which is plugged into the email of WinOptions.

Win Options Summary: 8.4/10.