CWOption is a binary options broker with a base in the city of London in the UK. They are owned by NYT Consultants Ltd and are a SpotOption white label company with a powerful trading platform and a reputation for being a reputable and reliable choice. This broker was given the Best Website and Best Broker awards in 2014 thanks to their high quality services, so it is easy to see why they are so popular with investors from all over the world. With excellent educational resources, this is a good broker for those who are new to binary options trading, while those with more experience in the markets will appreciate the extensive range of assets on offer and the higher level account types aimed at the needs of professional traders. If you are looking for a new binary options broker, this CWOption binary options broker review will keep you informed so that you can make a choice that is right for you.
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CWOption Account Types and Trading Options
CWOption offer five distinct account types to suit the needs of all kinds of investors. They also offer a demonstration account with $25,000 of virtual funds to allow potential users to become familiar with the trading platform and explore their trading options. The basic level trading account is the Micro, which is perfect for novices as it limits the risk that the investor is exposed to. The initial minimum deposit is just $25 and, although the benefits are limited with this account type, holders still receive a daily market review and access to educational resources. The Mini account requires a $500 deposit and brings with it extra perks in the form of remote trading and dealing room support and daily tips and recommendations. More experienced investors may prefer the Standard account with its $1,000 minimum deposit and greater availability of assets for trading. This account also gives access to VIP spreads, more promotional offers as well as personal coaching. The most experienced traders will appreciate the Gold account with its $5,000 minimum deposit and its 3 party signals and Personal Account Manager, or the Platinum account with its $20,000 initial deposit and wealth of special features including VIP payouts and custom analysis. This broker gives access to a wide range of assets including commodities, stocks, currency pairs and indices and offer all kinds of binary options types from traditional High/Low options to 60 second options, Ladder, One Touch and Long Term.
CWOption Trading Platform
CWOption have chosen SpotOption as the software provider behind their trading platform, and this is an excellent choice as it is a tried and tested, popular platform which can be accessed with ease through a laptop or desktop computer as well as via mobile devices powered by the iOS or Android operating systems. This makes it a good choice for those who like to trade or check their assets on the move, something which is becoming a lot more popular with modern investors. There are many excellent features of this trading platform to improve the trading experience including Copy Trading, Double Up and Rollover. There are also extensive learning resources available from the Education Centre, where articles on all aspects of binary options trading can be found as well as access to SupertraderTV. This area of the website allows access to many educational videos which offer training in the basics of the markets as well as courses in fundamental and technical analysis.
CWOption Customer Support and Deposit and Withdrawal Options
CWOption have a fee free structure for banking methods, although there are fees charged on bank wire transfer transactions of $25 each. No other withdrawal method attracts a fee and there is no minimum threshold set for withdrawals which is ideal, especially for novice traders who are only using small transaction sums. CWOption also make it very easy to deposit funds into their trading accounts, offering a great choice of secure payment methods from the traditional credit or debit cards or bank wire transfers to the more modern and convenient e-Wallet methods like UKash, Neteller and Skrill.
CWOption’s customer service is also very impressive as they provide a variety of ways in which their customer support team can be contacted. Non-urgent support can be obtained by sending an email to the email address provided on the website or by completing an online webform. Responses will be received to these enquiries within one to two business days. Alternatively, for a more urgent response, clients are encouraged to call one of the telephone helplines which are based in four different countries for the users’ convenience. There is also an extremely convenient and easy to use Live Chat facility which is found on the website’s home page and which can obtain a very rapid customer service response which is ideal for issues or questions which need to be addressed immediately. The website also features a FAQ section which supplies a range of helpful information for those who would prefer not to contact a representative in the first instance.
Overall, CWOption has a lot to recommend them as a binary options broker. Known to be reliable and reputable within the industry, they have a good range of account types to cater to every need, impressive customer service, and they charge no withdrawal fees on most transaction types.