WM Option Review
WM Option is a new binary options broker owned by Omni Global Solutions in Bucharest, Romania. Operations of WM Option are performed by Omni Capital Ltd whose headquarters are on the Marshal Islands.
In this review, I will examine WM Option’s history, terms and conditions and if a demo account and mobile trading is available. I will also offer my opinion on if WM Option is a scam.Visit Website
- Utilizes the popular Spot Option platform
- Large amount of assets to trade on
- Not licensed or regulated
- United States traders not accepted
Deposit & Withdrawal Methods
- Company:Omni Global Solutions
- Platform:Spot Option
- Minimum Deposit:$250
- Minimum Withdrawal:
- Minimum Trade:
- Demo Credits:
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
About WM Option
WM Option has a mission statement claiming they aim to have the easiest to understand, and highest paying binary options trading website. Using the popular Spot Option platform, WM Option allows traders multiple ways to trade in binary options. They offer signals on 60 second, one touch, long term, ladder and more trades. What’s more, WM Option has a huge amount of assets available to trade on.
WM Option is owned by Omni Global Solutions in Romania, but operations for the WM Options website are handled by their subsidiary: Omni Capital Ltd in the Marshal Islands.
WM Option is not yet licensed and regulated, but it is my understanding that they have applied for licensing.
WM Option History
In early 2015, Omni Global Solutions in Romania opened a subsidiary in the Marshal Islands called Omni Capital Ltd. The first mission of Omni Capital was to develop a binary options trading system that would be widely accepted. In March of 2015, WM Options was created and the company contracted through the popular, and CySEC licensed Spot Option Platform. As 2015 has moved, more and more trading assets have been added to the WM Option portfolio.
WM Option Terms And Conditions
I decided to review the terms and conditions on the WM Option website. As I always recommend, before creating an account with any binary options broker, you should always study their terms and conditions completely. These are some of the terms listed:
- The services are not available to anyone under 18 years of age.
- The financial information provided on this Site is not intentional investment advice. WM Option offers financial information only as a service.
- WM Option reserves the right in its sole discretion, to refuse or cancel services, and/or refuse to distribute profits to any person for legitimate reasons.
- When you deposit money, WM Option requires that you supply them with a copy of a photo id, copies of the credit cards used, a copy of a recent utility bill with your name and address and a signed purchase history of on line transactions.
This is just a small part of WM Option’s terms and conditions.
WM Option Withdrawal & Bonus Terms and Conditions
As long as you supplied all the proper documents when depositing funds, withdrawals can be a simple process. It can take WM Option up to 3 days to process withdrawal requests, and the funds will be in your account within 7 days.
WM Option offers bonuses from time to time. You will want to consider it closely before accepting a bonus, because the conditions of any bonuses with WM Option means you have to trade in volume 30 times the bonus amount. So, if you received a $100 bonus, you would have to make trades equaling $3,000 before you can withdraw.
WM Option Demo Account
WM Option does not offer any type of demo account. Upon reviewing their website, I must say that they do offer a large amount of binary options trading educational material. They also have a well put together blog.
WM Option On Mobile
WM Option does also offer applications to trade through their service on your mobile devices. The applications can be downloaded from the Google Playstore or the Apple App Store.
WM Option Scam Watch
I do not believe WM Option to be a scam. The company running this binary options brokerage has been completely transparent. I have not found any complaints against WM Option. You can find the address for Omni Global Solutions in Romania at the bottom of their website, and from my understanding, when you contact WM Option, the representatives are very helpful. I found WM Option to be so transparent, that even their complete information is found in the WhoIs information of the website. Most other binary options brokers have this hidden.
No, WM Options is not yet licensed, but I believe they have applied for licensing. The only downside is: WM Options cannot accept United States traders at this time.
If you have traded through WM Options, please share your experience. You can do so in the comments area below.