West Option
About West Option Broker
West Option broker, established in 2019, is headquartered in Saint Vincent and the Grenadines. While the company’s licensing information is not publicly disclosed, it offers its trading platform to global investors, including residents of Russia.
Trading Instruments Offered
Although specific details regarding the trading instruments on the platform are not provided, West Option is known for specializing in binary options trading.
Types of Trading Accounts at West Option
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MICRO ACCOUNT: No minimum deposit requirement, but access to the Nordoption trading platform is granted with a balance of $200 or more. A 20% bonus is offered, withdrawal requests are processed within 72 hours, and a demo account is available.
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BASIC ACCOUNT: A minimum deposit of $20 is needed, with trading signals available upon funding the account with $1,000 or more. All trading assets are accessible, a 20% bonus is provided, withdrawal requests are processed within 24 hours, and a demo account is included.
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GOLD ACCOUNT: Requires a deposit of $500 or more, and trading signals are accessible with an account balance of $1,000 or above. All trading assets are available, a 50% bonus is granted, withdrawal requests are processed within 24 hours, and Gold Account holders enjoy weekly webinars and a personal account manager.
It’s important to note that trading conditions may vary for Russian-speaking clients compared to those from Western countries.
Trading Platforms at West Option
While the broker mentions the Nordoption platform, detailed information about the available trading platforms and their features is not provided on the website. Furthermore, details regarding the mobile version of the platform are also absent. It is unclear whether the trading platform requires downloading.
Account Funding and Withdrawal of Profits
Account funding can be done through bank cards or payment systems like “Perfect Money,” “Yandex Money,” among others, without any commission charges. While the withdrawal fee is unspecified, requests are typically processed within one to two days, depending on the account type. The withdrawal of funds associated with bonuses is subject to achieving a specific trading volume.
Registration and Login Process at West Option
To create an account, users must choose a login and password, provide personal details, accept the terms of service, and complete verification by submitting passport and taxpayer identification number (INN) copies for fund withdrawals. Access to the personal account and document upload is granted post-login on the website.
Final Thoughts
Before entering into any partnership with the broker, ensure to conduct thorough due diligence regarding its reliability. Seeking professional guidance before commencing trading activities is highly recommended.
This review has been prepared by the specialists at ExpertsReview.
I am dissatisfied with West Option’s service due to their unresponsiveness and lack of transparency in their brokerage operations.
I have not personally used West Option, but based on my research, I have found that they offer a wide range of services in the financial trading industry, including binary options trading, forex trading, and CFD trading.
Some users have reported that West Option has a user-friendly trading platform and provides excellent customer support. However, there have been some complaints about withdrawal delays and difficulty in getting in touch with customer service.
In comparison to other companies in the same category, West Option seems to offer competitive trading options and a variety of assets to trade. However, some users have reported better experiences with other companies in terms of customer service and ease of withdrawal process. It is important to do thorough research and read reviews before choosing a trading platform to ensure it meets your needs and expectations.