OptionWeb is a Cyprus based binary options broker established by a group of professional traders in 2012. OptionWeb is has been approved by CySEC and carries the license number 175/12. You can view their CySEC license by hovering your mouse over the seal at the bottom of site. They are also MiFID regulated, which means that the funds of traders are protected at all time.
Trading Platform
OptionWeb offers the popular SpotOption platform that features a simple layout with all the features you need. You can easily find the features you want with just a single click of your mouse. The color coding helps traders to easily study the activity of the market in the graph.
The platform is completely web based so there is no need to download any type of software. It also support a mobile app which allows you to monitor your trade activity on your mobile phone.
OptionWeb’s trading platform supports several types of binary options including standard call/put, one touch, pair options and short term options. The short term options feature a wide range of expiry time including 30 seconds, 60 seconds, 2 minutes, 1 hour and end of day. The maximum payout ratio is 90% and the maximum returns bonus you can get is $4000. OptionWeb features a minimum trade size of $25 and the maximum trade size is $1,000.
Types of Trading Accounts
OptionWeb offers 5 types of accounts including starter, standard, silver, gold and platinum. The lowest account level, Starter, features minimum deposit requirement of $200 and $50 guaranteed trade. Starter account only let you select from a list of 80 assets and you can earn up to maximum profit of 85%. You can get help through live chat for a maximum of 4 hours per week and you also get a dedicated manager.
Standard account has a minimum deposit requirement of $1000 and $100 guaranteed trade. With the Standard account, you enjoy features such as 120 assets, 6 hour of chat help, 2 coaching sessions, 1 personalized trading and weekly analyses reviews. Silver account has a minimum deposit requirement of $3000 and $300 guaranteed trade.
If you have a Silver account, you will earn a 3.5% interest rate on your trading volume. Other features of Silver account are email economic indicators, level 2 personalized training, one coaching session and trading signals in real time. You are entitled to a total of 8 hours chat help per week and you get to choose from a list of 180 assets.
Gold account is for serious binary options traders who want to deposit a minimum of $10,000. With a Gold account, you can get a guaranteed trade that worth $500. The advantage of Gold account is that it allows you to earn a profit of up to 88% on standard options plus you also earn a 5.2% monthly interest rate on your trading volume. Gold account features 10h/week live chat support, level 3 personalized training, 2 trading coaching sessions.
Platinum account features $50,000 minimum deposit and up to $2,500 trade guarantee. Some of the features of Platinum account are 5.5% monthly interest rate, economic press subscriptions, expert personalized training, trade coaching at anytime and free consultation with a Senior Analyst. You also get to enjoy unlimited chat help when you have a Platinum account.
Deposits/Withdrawals
OptionWeb allows you to deposit and withdraw via several methods including:
- credit card
- debit card
- bank wire transfer
- Western Union
- Skrill
- Neteller
- Neosurf
- paysafecard
For deposits made via credit cards, there is a minimum deposit requirement of $5,000. if you choose to deposit via Western Union, you must deposit at least $10,000. The minimum amount you can deposit into your OptionWeb’s trading account is $200 in your preferred currency.
There is no minimum withdrawal amount but you will be charged a $25 fee if you withdraw lesser than $25. If you want to withdraw the bonus, you must wait until your balance reach at least 20 times of every $1 bonus volume.
Customer Support
OptionWeb offers customer support via email contact form, fax, telephone and live chat. Their customer support representative can be reached from Monday to Thursday, from 8 AM to 8 PM. The customer support department is open from 8AM to 2PM on Friday. OptionWeb provides toll free telephone support for clients in selected countries including France, UK, Italy, Cyprus, Spain and Germany.
Is OptionWeb a good broker?
In conclusion, OptionWeb is a binary options broker you can trust because they are being regulated by CySEC. They have been doing their best to improve their services so that traders can enjoy optimal trading experience.