Why Choose Wynn Finance?
- US Traders Welcome
- Advanced Platform & Tools
- 24/7 Support Services
Wynn Finance Review
Wynn Finance was launched in 2014 by Waterfall Partners Ltd, with offices at Ground floor Right, 64 Paul Street, London, EC2A 4NG, UK. The founders are our favored scenario of experienced traders and financial experts, lending their expertise to the production of a credible and intelligent brokering service.
This broker is registered and regulated by the local incorporation laws of the UK. They are however unregulated by any official financial body and operate as an offshore company. This means Wynn Finance is accessible to users worldwide, including those from the US. They do however restrict access to traders from Israel and Palestinian territories. In addition to this “open door policy”, they offer a great selection of currencies to fund your account with: USD, GBP and EUR as standard, with the addition of AUD and CAD.
Customer service and trader support appear to be a primary focus of Wynn Finance. The broker also offers a thorough selection of account types and educational material to encourage investment from traders with varying experience and funds. The trading tools for all popular binary options trading strategies are provided for and presented in a simple, interactive format. Their multilingual live chat and email support features are available to all account holders.
Trading Platforms & Features
The Wynn Finance platform is supplied by Panda Trading Systems, an innovative trading platform provider. Their web-based platform requires no download. In addition, the platform is available across all mobile devices and is also compatible with both iOS and Android software – simply login through the mobile web version of the website and trade as normal.
Particular consideration has been made with the presentation of Wynn Finance. The overall design is professional; navigation is sleek, enabling traders to quickly view the important elements without unnecessary clutter to divert attention. The website is formatted to view in full screen, allowing for a bold, clear presentation of charts and other analytical tools. An excellent feature is their Follow Leaders page which allows you to copy the moves of Wynn Finance’s most profitable traders.
We immediately noted that Wynn Finance offers short-term trade options, otherwise known as their ‘Hyper’ feature. These contracts can be set to expire in as little as 30 or 60 seconds, and go up to 10 minutes. Perfect for those wanting to ride volatile markets for a thrill and quick profits. However, there is a $5 limit in place when trading these short options as a means of safeguarding your interests.
Trading Accounts & Payouts
Returns vary on Wynn Finance according to the option and asset selected for trading, as expected. However, the broker offers a competitive maximum return of 85% on selected trades.
A demo account is unavailable at Wynn Finance. Yet, the broker allows a thorough preview of the platform and many of its features. Their introductory account can be opened with a minimum deposit. Whilst this may be stated as $500 on the Account Option page, a $200 minimum deposit is permitted, – simply speak to support upon joining. In addition, “you don’t ask, you don’t get”, therefore we actively encourage you request the maximum bonus of 100% – regardless of your deposit amount (NB: there is x30 turnover before bonus funds can be withdrawn). This will allow you to test the platform with some additional funds.
There are six account types offered to you and they all vary in benefits. Some include weekly market updates, risk-free trades and bonuses (starting from 25%). All of these incentives increase in value at each level of account chosen.
Trading Account Types:
BASIC – A deposit of only $200 – $999 will allow you to open to the Basic Account. This grants you access to weekly market updates, an Ebook and up to 25% bonus.
STANDARD – A deposit of $1000 – $4,999 will grant you access to a Standard Account. This comes complete with the perks available in the Basic package but with the addition of 1 trading strategy and a Training Academy Membership.
SILVER – A deposit of $5,000 – $9,999 will give you access to the Silver Account. Your bonus is increased to 30%, with 1 risk free trade, daily market reviews, 1 academy session, weekly signals and Webinars (Wynn Finance’s online finance seminars).
GOLD – A deposit of $10,000 – $24,999 will grant you access to the Gold Account. The bonus is increased further to 45%, with 3 risk free trades, 3 training sessions and all other benefits found in the Silver package. Also, you will be assigned a dedicated Senior Analyst to help further your trading potential and assist you in technical queries.
PLATINUM – A deposit of $25,000 – $49,999 will allow you to open the Platinum Account. The bonus in this account jumps to 60% with 5 risk free trades, 5 training sessions, daily signals, a personal broker and live webinars (as opposed to pre-recorded ones). Same day withdrawals are also available through this account.
EXPERT – A deposit of $50,000+ will allow you to open the Expert Account. The bonus in this account is an enormous 80% with 10 risk free trades, MMS, expedited withdrawals and access to Academy VIP Live. This, along with all the other perks previously mentioned, make the Expert Account the most premium package on offer.
CUSTOMISABLE VIP – Wynn Finance lists a VIP Account as the final option on their accounts page. This is an enquiry-only, tailor made account for a select few traders that desire a more premium package than that of the Expert Account. The broker boasts large bonuses (presumably upwards of 80%) and a paid exotic holiday as examples of the benefits on offer.
TradersAssets Tip: Dive in a little deeper. The Standard Account is a larger initial investment, but it gets you additional educational materials, support and Academy Membership – an excellent option for the progressive trader.
Wynn Finance offers a range of methods for depositing and withdrawing funds. Most major debit and credit cards are accepted. Neteller is Wynn Finance’s eWallet of choice and wire transfers are also permitted, however, please note that there is a $500 minimum for these.
Deposits can be made using one or more of the aforementioned methods. Bank transfers require a minimum $500 starting deposit. Wire transfers under this minimum will incur a fee of $30 and you must send a copy of the transfer to firstname.lastname@example.org as an extra security measure. From this point, the funds will take approximately 5 days to be credited into your account.
The first withdrawal of every month is free of charge to the all account holders, after which a fee of $30 (USD) is applied on any further withdrawals. To withdraw funds you must fill out a request form and await approval – the process can take up to 2 business days. After approval, it will take approx. 5-7 days for your finances to transferred (unless you hold a Platinum Account or higher).
Funds can be withdrawn via Neteller, wire transfer or to the SAME credit card your deposit was made from. The maximum withdrawal amounts vary according to your selected deposit method: Neteller is limited to $1,000 and Credit Cards are limited to $20,000. Although wire transfers are a tad more complicated to set up initially, when it comes to withdrawing funds there are no limitations/restrictions placed on how much you may withdraw.
TradersAssets Tip: Save yourself from delays at withdrawal by authenticating your account by submitting your photo ID, proof of address and (if necessary) a copy of your Credit Card.
Customer support and guidance to customers is paramount to Wynn Finance’s appeal to us. The website’s live chat feature is available at most times. If the support team are busy or offline, their email support service is available as an alternative, and promises a response within one business day.
At the time of writing this review (25th August 2016), the platform and support is available in English, German, French, Russian, Spanish and Arabic. Online support is also offered in all these languages, but Wynn Finance has also added online support in Norwegian, Finnish and Swedish. Alternatively, should you feel like speaking to someone directly, toll free numbers are available for the UK, Australia, New Zealand, USA, Canada and Japan.
Wynn Finance has a rich library of educational resources. This is broken down into handy sub-categories such as Videos, Signals, Glossary and Ebooks. Access to these features is standard, progressing to more individual/advanced training with premium accounts. At the time of writing, the economic calendar is yet to be added by the broker, however a direct Reuters newsfeed is a nice touch.
The above mentioned materials and resources were collated by industry veterans; equipping novice traders with the terminology and information required to adapt and become successful in the financial environment. Nevertheless, further assistance and more advanced support in the form of dedicated brokers and senior analysts, is available to clients holding a Gold Account or higher.
Why Trade with Wynn Finance?
In the binary options marketplace, Wynn Finance is a true contender for the top spot. In just two years they have built a successful community of followers. Their multi-language platform, the extended invitation to US (and global) traders , and the offer of short trade options showcases their awareness of modern client needs and ambitions.
Beyond this, Wynn Finance offers a selection of six account types and a variety of features with each. This ensures that traders of all level of experience have the perfect resources through which to begin trading with this trusted broker.
We are happy to give Wynn Finance the “TradersAsset Approved Broker” status and a rating of Five Stars. We recommend them highly to our traders.