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WinMarkets review will introduce new regulated broker to the readers. Binary broker WinMarkets was established by Lead Capital Markets Ltd and claims to provide exceptional personalized trading opportunities. This new broker offers interesting assets and most popular options in the industry.
WinMarkets is a new broker, and we must say that with expanding market, there are many challenges it will face in the future. Minimum deposit with this broker is 100$ (or EUR or GBP) which can be considered average in the industry. What surprises us is that traders can’t choose among various account types. In WinMarkets review, we realized that this broker offers only one account type.
This is something we consider quite unusual, as most brokers have at least three accounts, each created for the different type of trader, with different minimum deposit, bonus and other benefits. Even though we must admit that is always better to have one well-rounded account to offer to clients, it is not common to overlook traders’ needs.
It is important to state that WinMarkets does offer bonuses. Bonus (or trading benefit, as it is called in Terms and Conditions) is seen as a form of leverage and cannot be withdrawn. Additional funds generated by trading with bonus cannot be withdrawn without reaching 5x trading volume (for example, if the bonus is $100, the required trading volume is $500). In case trader accepts the bonus, the platform will first trade the deposit made by the user, and only after and if the client’s funds are zero, it can be traded with bonus funds. Our WinMarkets review showed that this broker has explained all terms of bonuses, but the rules are really complicated and hard to understand, especially for beginners who are entering the world of binary options for the first time.
Unfortunately, this broker doesn’t offer demo account that is the best way to learn how to trade binary options but has a good educational section that will be of great use for all beginners.
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Our WinMarkets review showed that this broker uses SpotOption platform, that is one of the most modern and popular platforms available. The entire website is well designed in white and blue that gives it a professional look. The platform is easy to navigate and all sections are well organized. User-friendly interface makes trading more appealing than ever.
Traders can choose between trading in High/Low, Pairs, Long Term, 60 second, Ladder and One Touch Options. During the writing of WinMarkets Review, we found out that this broker offers two great feature: Rollover and Double Up. Such features are always welcome as they give traders the opportunity to make the most of their money and upgrade their trading system.
Unfortunately, this broker doesn’t provide the mobile platform. Even though the desktop platform is well designed, today it is necessary for brokers to have a mobile platform, as more and more traders like to follow their trades in every moment on their smartphones. The website announces that mobile platform is coming soon, so we hope to see it as soon as possible.
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Many traders will be happy to hear that WinMarkets review showed that this broker is CySEC regulated. This gives them additional insurance while trading, as it is always good to have regulated broker by your side. The registration number of the company is 227/14. The platform is available in English, German and Spanish, and we hope to see more languages added in the future.
In the case of any problems or questions, traders can always contact the customer service via email, online form or telephone. We would prefer to see LiveChat or Skype as well since they are the fastest way to reach most customer services, but we believe that these other types of services can be useful as well.
WinMarkets takes great pride in educating the traders and has good education section available on the website. The most useful section for new traders would be FAQ, as it covers most common issues from contacting customer service, explaining what to do in case of forgotten password, but explains basic principles of binary trading as well. Besides that, there are also a mini glossary, basic educational materials, videos and e-books, expiry rates calculator and asset index.
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WinMarkets is brand by Lead Capital Markets Ltd, Cyprus-based investment company. The broker promises security of traders’ funds and safe and reliable transactions as they cooperate only with safe and licensed European banks.
Minimum deposit, as Win Markets review showed, is $100, and information that will make many traders happy is that there is no minimum withdrawal!
WinMarkets website promises variety of banking options: bank wire, credit cards and debit cards, Bancontact, CashU, iDeal, WebMoney, Skrill and Qiwi, but broker explains only how to do a withdrawal via bank wire and credit cards, so make sure to contact customer service before deciding on the deposit or withdrawal method. This broker prefers the same method for depositing and withdrawing money.
In order to withdraw their money, traders must first fill a request, and it takes up to 5 days for funds to be registered on their banking or e-wallet account. WinMarkets review showed that they charge additional fines for withdrawal. While depositing is always free of charge, withdrawal fee is $10 for bank wire and credit cards. It is not stated that there are any fines when using other methods so make sure to contact the customer support before choosing the banking method.
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