WinOptions was launched in April 2010. As with all binary option platforms, they are 100% web based so do not require software to be downloaded.
They offer binary options on 44 underlying assets in the US and Europe.
WinOptions return on in-the-money options are said to be ‘up to 81%’. This is a high return rate, however the lower end of the return rate is not stated.
WinOptions keeps its users up to date with current market news via their Reuters news feed.
To ensure a user’s security, they use secure encryption techniques and SSL certificates. This is done to ensure that data is securely transferred when trading and depositing funds into an account.
As is usual, the ownership of the company is unknown except for information on the site stating that ‘The company is managed by few veteran professionals of the global financial industry, with vast experience in financial trading, technology and trading regulations arena’.
- Up to 81% refund on out-of-the-money options
- Tiered bonuses when depositing money
- Trading explanation banner in 12 languages
- Account offered in 3 currencies
- Helpful glossary
Established: April 2010
Country: not stated
Tel: 0044 203 33555288 / 001 646 9185359
WinOptions rating – 66 stars out of 100
Usability – 6 stars
WinOptions is a basic site, good for the new trader. The trading area is clearly displayed and easy to use, though many of the other tabs are hidden away and harder to find. The FAQ section is adequate, answering the basic questions, though it would benefit from more in-depth questions being added. However the Glossary is useful for new timers on the site.
Registering on the site is simple and free and the Account section is nicely presented and understandable.
The My Account section clearly displays a trader’s Deposits, Withdrawals, History and Personal details. Withdrawals take 3-10 business days to process, to allow time to verify the transaction and identity of the card owner.
No software download is needed, as the WinOptions platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.
It says that an investor can purchase an option up to 1,500 – the currency is not stated.
Overall the site is enjoyable to use though it lacks some essential information for a new trader.
No. of assets – 7 stars
WinOptions offers options on the following underlying assets: 9 currency pairs (forex), 9 indices, 20 stocks and 4 commodities, totaling 42 assets for purchase. The site lacks information on the assets themselves.
Expiry range of options – 7 stars
The WinOptions website has 3 expiry times – end of the hour, day and week. This is one of the most varied offered in the market.
Effective return – 5 stars
The effective return is the total percentage of return offered on an option. On the WinOptions website this is 81%. A downside to the site is that is does not state the lowest return offered. Neither does it offer a payback should an option expire out-of-the-money.
Languages – 7 stars
The entire WinOptions website is only available in English. However, the explanatory steps are available in 11 other languages – a useful tool.
Website extras – 6 stars
A helpful feature on the WinOptions website is the chart in the trading boxes which shows the development of an asset.
Additionally the Homepage has a couple of interesting features. Trader’s options is a box showing the percentage split between Calls and Puts that day. The Reuters Financial News live feed is also displayed, enabling users to keep up to date with the market news.
Fees/commissions – 8 stars
WinOptions does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they desire. It is free to withdraw money from a credit/debit card and 20 (no currency specified) to withdraw money by wire transfer.
Loyalty offers – 8 stars
There are several tiered bonuses offered when a trader deposits money into his account with a clear explanation on the terms and conditions surrounding them – a thoughtful and transparent approach to bonuses.
Payment methods – 3 stars
Payments are limited to credit/debit cards only. A huge downside of the site.
Support quality – 9 stars
The WinOptions Customer Service team are available by phone, email and live chat. No days or times of the week are specified. They are contactable via 14 international phone numbers. The customer service team is friendly and polite.