CWOption is an online Binary Options broker established in 2015 and it offers features that are designed to help traders – both novice and seasoned – in their Binary Options adventure. With its headquarters in London, United Kingdom, this company is now considered as one of the most reputable and leading broker in the Binary Options trading industry.
Why is CWOption Bad?
There is nothing really bad about CWOption, except maybe it’s being a new company in the trading industry.
Why is CWOption Good?
What’s good about CWOption is that, despite being a new Binary Options broker, it is backed up by professionals on the industry.
A Full Review of CWOption
Registering an account on CWOption is a very simple process. On the Homepage, click the “Open Trading Account” and you will be redirected to the registration page where you will have to provide the necessary details. Once you have submitted the form, you will receive a confirmation email with the verification link. Click on that and you are good to go.
There is no registration fee, but you will have to make a deposit to start trading. You can deposit in USD or in EUR, but you have to bear in mind that your choice of currency cannot be changed after registration. CWOption also offers special bonuses based on your initial deposit.
You can expect to secure transactions with CWOption. You can deposit and withdraw money using your credit card or through Bank wire transfer. Your funds will be placed on your own account with guaranteed security and insurance for your protection. Only the latest technologies in security are being utilized by this broker to ensure that your data is highly protected online and the company ‘complies with international financial regulations.
Once you have decided to open an account with CWOption, you will have to verify your identity. You can do this by sending a color copy of identification and proof of residence. You can submit any valid ID like a passport, and utility bill up to six months old or a Bank Statement on your name. The identification documents can be submitted through email or through the document submission system – go to the “My Account” and then look for “Upload Files.”
For credit card, minimum deposit is 25 USD or 25 EUR and maximum deposit per transaction is 5000 USD or 5000 EUR. To make a credit card deposit, login to your account and go to the Deposit tab. On the deposit type option, choose Credit Card. On the deposit form you should enter the amount you want to deposit and click Apply to approve your transaction. Email a color copy of the credit card you want to use; make sure that some detailed are concealed except for your name, the card expiration date, your signature and the last four digits printed on the front side. Within a few minutes, the deposit will be credited to your trading account. Keep in mind that no third-party funding allows for deposits through credit cards.
For Wire Transfer deposits, transfer fee may be applied by the bank. The minimum deposit is 25USD and 25 EUR and unlimited maximum deposit per transaction. To make a wire transfer deposit, Login to your account, go for the Deposit tab and choose “Wire” as your desired type of deposit. Details required for making the deposit will be provided to you. It may take five days before the wire transfer deposit can be credited into your trading account.
For withdrawals, you can withdraw using only the same method you have chosen when you made the deposit. Just fill in the details required for the withdrawal request and the money will be with you after the transaction has been approved and processed.
Is CWOption a Scam?
CWOption may be a new broker on the block, but is one that offers highly effective features that can help both novice and professional traders. So basically, CWOption is not a scam. This company is under the strict management of experienced and professional Binary Option experts and it has its headquarters in London.