Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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WilkinsFinance Forex Broker Review

  1. WilkinsFinance is a digital options broker (binary options) offering Forex, CFD and Cryptocurrency trading to retail customers across the globe. Customers can set up a trading account for as little as $250, with access to a web-based trading platform featuring the most popular assets in financial markets. WilkinsFinance is a non-regulated broker, owned and operated by Carter Enterprises OU, 85 James Bouchier blvd, Sofia, Bulgaria. We were pleased to see that even though WilkinsFinance is not a regulated broker, the company operates strict anti-money laundering protocols including a ‘Know-Your-Customer’ procedure. Moreover, the WilkinsFinance claims to protect all financial transactions and data handled by WilkinsFinance, with advanced SSL encryption technology.

  2. WilkinsFinance Trading Account

    Traders can set up a trading account with an initial deposit of 250 EUR, USD, GBP or AUD. However, we saw that any deposits made by bank wire transfer must be at for at least £€$500. Subsequently, to make a minimum deposit of €$£250, customers need to deposit with a credit or debit card, the only alternative payment method supported by WilkinsFinance. There is only one type of trading account and it gives access to the digital options trading platform from any computer with an internet connection. A complete trading history is available in the customer’s personal trading account showing deposits, withdrawals and all trades carried out to date.

    We saw that the maximum amount that traders can usually invest on one trade is 2,500 units of currency. However, traders who want a special account with higher trading limits can contact the support team at WilkinsFinance. We were disappointed to see that WilkinsFinance does not provide a demo account for risk-free practice trading. In our opinion, because of the absence of a demo account, new forex and CFF traders should consider avoiding large trades until they are used to the trading platform.

  3. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
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  5. WilkinsFinance gives clients access to digital options markets, on the state-of-the-art trading platform where rates are displayed in real time. The platform provides a broad range of underlying assets for ‘up and down’ trading with time frames from one minute up to one year. Traders simply pick assets from the list of forex currency pairs, cryptocurrencies, stocks, commodities and indices. Subsequently, they indicate whether they think the price of the underlying asset will move up or down, then choose the length of the trade from the range of time frames shown on the trading platform. We saw that the user-friendly digital options trading platform provided by WilkinsFinance is powered by intuitive software, making trading very easy and straightforward. Significantly, the trading platform features guaranteed loss limits and multiple hedging opportunities. Traders can access the web-based trading platform without any software download and access a guide, explaining how to use the trading platform.

    Potential Trading Profits Shown on the Trading Platform

    Importantly, traders can see clearly, before executing a trade, exactly how much profit they will make with a successful trade and how much they will lose if their trade is unsuccessful. Typical pay outs from successful trades are between 70% and 85% which is usually one of the highest pay out rates that retail traders can expect from online forex/CFDs trading opportunities. Moreover, the typically volatile cryptocurrency markets give digital options traders even more trading opportunities than with traditional financial instruments.

    Whilst the WilkinsFinance trading platform is always open, most financial assets are closed for trading between 5 pm EST on Friday and 5pm EST on Sunday. However, some assets such as cryptocurrencies can be traded 24/7. Customers can see a full list of asset types and trading hours on the WilkinsFinance website.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. Traders can access free video guides and complete courses covering all aspects of forex and CFDs trading on the WilkinsFinance website. The courses and video tutorials are designed for traders with no experience in forex and CFDs trading, taking them through to ‘expert’ level. Traders can cover the educational material at their own pace, take evaluation quizzes and go back to parts of the course if they wish to. A glossary and E-Book is also available along with separate articles explaining CFDs and Cryptocurrencies.

    WilkinsFinance Customer Service and Support

    Live support is provided for customers 24 hours a day, 5 days a week. We saw that customers have instant access to a WilkinsFinance support agent through live chat on the interface and a form for direct submission to the customer support team. Alternatively, customers can phone the UK number indicated on the contact page or send an email to the address given for support or the address given for matters of compliance.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. WilkinsFinance supports only credit/debit cards or bank wire transfers for deposits and withdrawals, with the process done within the customer’s trading account. However, traders choosing to deposit by bank wire transfer must contact the support team for instructions. Currently WilkinsFinance accepts deposits in four base currencies: Australian Dollar, British Pound, Euro or US Dollar. Importantly, the base currency can’t be changed once selected during the registration process. We saw that clearing and billing services are provided by Carter Enterprises OU and by GM Management Doo Podgorica (ex CM Services). However, the broker’s terms and conditions states that customers’ billing statements show only the WilkinsFinance name and a UK telephone number. We suggest that any concerns customers may have about billing details can be addressed to the compliance team, using the email address given on the contact page of the website.

    Withdrawals Process at WilkinsFinance

    Withdrawal requests are only processed by WilkinsFinance once an account has been fully verified in line with the company’s AML and KYC protocols. To comply with verification, clients are obliged to send a copy of a government issued ID and a copy of a utility bill or bank statement not more than 3 months old to prove residence. We also saw that in some cases, customers are required to give a voice signature and will be contacted by email with instructions. It’s important to realise that account verification is also designed to protect customers’ accounts from fraud. Notably, account verification is a process carried out by regulated brokers in compliance with rules made by industry regulators.

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
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    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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