There are so many brokers out there that one is bound to get confused. Its a common dilemma among traders which brokers to trade with and which to ignore. There are a few checks which are useful in determining a trustworthy broker. We review Trading software and Binary Options Brokers in great details on our blog. Today, we review the Wynn Finance Binary Options Broker. Read our impartial review and we’ll point out the features and services this broker offers.
Wynn Finance Review
Not very old in the field of Binary Options Brokering, Wynn Finance has quickly set things up for itself. In a very short period it has managed to earn a good reputation among the various traders who chose to trust them. It would be apt to mention in the starting of the review itself that Wynn Finance are NOT licensed. But, as is said, if you have strong morals then you do not need external vigilance or policing to control you. Similar is the case with Wynn Finance who despite of not being licensed are no less responsible in any aspect than the licensed brokers. Its just a matter of time that they too get licensed if they continue to demonstrate the integrity they are showing.
Wynn Finance started operations in 2015 and conducts itself from London. It is owned by Waterfall Partners Ltd. which is a respectable institution in this field and for many years.
The trading platform for Wynn Finance works on the latest version of Panda system. The platform is simple and has won an award too. The platform is quite old and started its operation in 2007. Emphasis has been laid on simplifying the things. It doesn’t help the traders if the platform offers more detail into everything than absolutely required. The platform is more GUI based rather than text.
Also check out our StockPair Review.
Trading Options and Features
Wynn Finance offers a wealth of trading options. It allows trades in currencies, stocks, commodities and indices. Currently it features 25 currency pairs in its listings. The maximum payout across all type of options is 81% or less. Oil, Platinum, Gold, Silver, Copper, Coffee, Wheat are the featured commodities. Among the trade types- Binary Options, Long Term, One Touch and Hyper.
Binary Options are the trades we all are aware of. Predicting and calling it a Call or a Put.
Long term as the name suggests is an option with longer expiry times. They are also Call/Put option basically.
One Touch fetches benefits if the asset price touches a predicted level at least once before the expiry time.
Hyper involves very small expiry times ranging from 60 seconds to a few minutes. This one attracts the new or for-fun-traders more.
Traders can enjoy returns as high as 85% on their investments. The hyper trade option though has very small expiry times but fetches lower returns as well. Its returns hover around 65%. But still these are pretty good considering one earns this much so quickly.
Account Types and Bonus
Wynn offers a string of account types which come packaged with different features and benefits. Basic, Standard, Silver, Gold, Platinum, Expert and VIP are the offered accounts. Lets see what each offers.
Basic: The minimum initial investment is set to $500 for this account. Benefits include free e-book, market news and a bonus of 25%.
Standard (Our Recommended): The minimum initial investment is set to $1,000 for this account. Benefits include all those in Basic + 1 free trading strategy.
Silver: The minimum initial investment is set to $5,000 for this account. Benefits are 1 risk free trade, weekly signals and a bonus of 30%.
Gold: The minimum initial investment is set to $10,000 for this account. Bonus accrued up to 45%. Daily signals, 3 risk free trades and a dedicated senior analyst to help and guide you.
Platinum: The minimum initial investment is set to $25,000 for this account. A whopping 60% bonus, daily signals, 5 risk free trades, dedicated broker and same day withdrawals are the key highlights.
Expert: The minimum initial investment is set to $50,000 for this account. It comes loaded with 80% bonus, 10 risk free trades, daily signals, faster same day withdrawals, MMSystem and a dedicated broker plus all other market and educational packages.
VIP: Only available on direct to Support.
For deposits, payments through credit card, debit card, wire transfer or Neteller are supported. Deposits are limited to a maximum of 20,000 through cards and $3750 per transaction for Neteller transfers. The minimum amount that can be withdrawn is $30 for Neteller and Credit/Debit cards. For Wire transfers $100 withdrawal is the minimum permitted.
The Support provided by Wynn Finance is exemplary. A large language support to cater to different people and regions. Wynn Finance can be reached through Email, Telephone or live chat. The support personnel are generally very co-operative but it depends. Anyone may not be having a very good day! But overall, we didn’t come across any major complaints pertaining to Customer Support.
Wynn Finance has gone down well in our review of it. We did not really find any mention-worthy shortcomings so to say. The only little ones that come to mind are the higher side of initial deposits for various accounts. The other one is Wynn Finance is unregulated. Although we have been satisfied by their working, but a trader may still be drifted towards the licensed one for extra security. Although it would not make much difference because Wynn Finance are no less trusted than their regulated counterparts. The swelling number of traders who have chosen to trade with them is testimony of their goodwill. We would recommend Wynn Finance as a preferred broker for all your trading needs.