Established in 2017, Wilkins Finance is a global binary options broker offering dynamic trading in Forex, CFDs, and cryptocurrencies, on a highly responsive platform, featuring higher than average payouts. For an initial deposit of $250, customers get instant access to an innovative trading platform, offering the most traded financial products in the industry. To find out more about the trading conditions and payment methods at Wilkins Finance, read our in-depth review below.
Wilkins Finance Special Features
It takes a first deposit of at least 250 EUR, GBP, AUD or USD to open a live trading account at Wilkins Finance. Disappointingly, the broker does not offer risk-free trading in a Demo account, so customers must ‘take the plunge’ without gaining experience with practice trading. However, Wilkins Finance does offer a diverse range of trading courses free to registered clients, and we recommend that traders use them to hone their skills before investing on the trading platform. Moreover, traders should consider investing the minimum possible on the trading platform, until they have developed a comprehensive understanding of digital options trading.
Customers using bank wire transfers to fund their trading account are required to make an initial deposit of 500 units of currency. Customers don’t need to think about the type of live trading account needed to access financial markets, as Wilkins Finance has only one, universal account, for clients in South Africa and all over the globe. Notably, from the personal account page, traders can keep track of their deposits and withdrawals, as well as their entire trading history at Wilkins Finance. The maximum investment for anyone trade on the binary options platform is $2,500. Whilst Wilkins Finance is prepared to open special trading accounts for customers seeking to invest larger amounts of money, the request must be made to the customer support team, who put the customer in touch with an account manager. We were surprised to see that Wilkins Finance does not provide information about spreads or leverage on the website. Only once customers in South Africa and elsewhere set up a trading account can they see this information on the trading platform with each tradeable asset.
Wilkins Finance Bonus
We saw that customers in South Africa and across the world, are offered promotional bonuses from time to time, to boost their investment capital and potentially earn higher profits. Nevertheless, traders should bear in mind that the terms and conditions of the bonus offers should be considered carefully before accepting. Clients who accept bonuses are required to execute a specified trading volume before withdrawing the bonus money or profits made with the bonus. We saw that at Wilkins Finance, customers are typically expected to trade the bonus and the bonus-eligible deposit, 80X. Moreover, the trades selected on the digital options platform must have an expiry time of at least 5 minutes to count toward the bonus fulfillment.
Wilkins Finance Trading Software Features
The digital options trading platform at Wilkins Finance is web-based making it accessible from the browser of any desktop computer or internet connected mobile phone or tablet. The platform is powered by cutting-edge technology with multiple hedging opportunities, market rates streamed in real time and guaranteed loss limits. This ensures that traders can’t lose more money than they have in the trading account. We were impressed to see how easy it is to trade on the platform and how clearly the assets are displayed. Importantly, the software is intuitive, which is very helpful to traders unfamiliar with online trading and there is an integrated guide explaining how the platform functions.
To begin trading, customers pick the assets they wish to invest in, and select expiry times from a selection of time frames ranging from one minute to one year. Tradeable assets include Forex currency pairs, cryptocurrencies, stocks, commodities, and indices. Moreover, the asset list for crypto trading is substantial with bitcoin, Dash, Litecoin, Zcash, Ripple, Monero, Bitcoin Cash and Ethereum Classic, currently listed at Wilkins Finance. One of the biggest advantages of trading digital options on the Wilkins Finance platform is that customers can see the payout that they will earn from a successful trade before executing the trade. We saw that payouts at Wilkins Finance are usually between 70% and 85% which is a competitive return for Forex and CFD trading.
It’s important to realize that the trading hours on the platform are 24/7 as cryptocurrency markets never close, giving traders the opportunity to trade on weekends, unlike traditional financial markets that operate only 5 days a week, between 5 pm EST Friday and 5 pm EST Sunday. Customers who want to see the exact trading hours and all the asset types offered by Wilkins Finance can check the dedicated page on the Wilkins Finance website.
Wilkins Finance Customer Support
Live support is available 24/5 to customers in South Africa and around the world. We were pleased to see that instant support is conveniently offered over the live chat helpline, directly on the interface. Alternatively, clients can submit a contact form to the support team, requesting a free call back, or simply an answer to a question, by email. However, clients who would like to speak to a support agent over the phone can dial the UK number given on the contact page. Moreover, for matters of compliance, traders can send an email directly to the dedicated email address on the contact page.
Wilkins Finance provides further support to traders through an extensive choice of courses and video tutorials on the website under the Education tab. The Forex, CFD and cryptocurrency training guides are easy to understand. Whilst the courses for beginners and advanced traders, feature interesting quizzes at the end of each module, to check whether traders have understood the material. Additionally, clients can read the E-Book and the glossary, as well as watch Bloomberg TV for the latest financial news.
Wilkins Finance Payment Methods
Customers at Wilkins Finance can fund their accounts with popular credit/debit cards or bank wire transfers. Customers in South Africa and elsewhere, choosing to deposit by bank transfer must contact the support team, to receive Wilkins Finance bank account details and deposit instructions. Traders can choose from the Australian Dollar, British Pound, Euro or US Dollar as the base currency for the trading account. Moreover, once selected during the registration process, the currency can’t be changed even upon special request to the support team.
Customers should take note that the financial clearing and billing services at Wilkins Finance, are provided by Carter Enterprises OU and by GM Management Doo Podgorica (ex CM Services). Nevertheless, clients are informed on the website, in the company’s terms and conditions that billing statements received by customers, only have the name of Wilkins Finance on them and a telephone number in the UK. Concerns that clients may have about their billing statement can be can be addressed to the Wilkins Finance compliance team by email.
To withdraw funds from Wilkins Finance, traders must verify their trading accounts by submitting copies of an official ID document and a recent utility bill or bank statement (not more than 3 months old) showing the customer’s name and address. If the compliance department decides that it needs further proof of identity, customers may be asked to give a voice signature. Subsequently, clients are sent an email with detailed instructions on how to carry out the procedure and send it to the compliance department, so that the processing of the withdrawal request can begin. Customers should understand that account verification is required by all reputable online financial services providers, to protect customers from fraud. Furthermore, the process complies with international anti-money laundering regulations and the company’s own KYC policy.
Wilkins Finance charges a flat fee of $15 on withdrawals made by bank wire transfer and a 3.5% fee on withdrawals to credit cards. Moreover, the minimum withdrawal amount permitted by Wilkins Finance is 50 USD, EUR, GBP or AUD. Because of anti-money laundering regulations, withdrawals must be sent by the same payment method used for depositing to the Wilkins Finance trading account, or by bank transfer. Notably, withdrawal requests are processed within 2 business days, and only after 7 days are the funds sent to the customers.
Wilkins Finance is owned by Carter Enterprises OU registered with number 14310046 at Roosikransti tn 2-K326, keslinna city district, Tallinn, Harju County, 10119 Estonia. The business operations office is at 85 James Bouchier Blvd, Sofia, Bulgaria. Wilkins Finance implements advanced SSL encryption protocols to protect financial transactions and the exchange of data at Wilkins Finance.
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