OptionWeb Rated 2/5

OptionWeb Guide - Read our In Depth 2023 OptionWeb Review

This detailed OptionWeb review has been researched and fact checked by industry experts with over 30 years of financial experience in Binary Options.
*This content does not apply to US users.

Learn more about OptionWeb.

Benefits of Trading with OptionWeb

OptionWeb Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 200
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 OptionWeb users and traders
๐Ÿ“† Founded 2012
๐ŸŒ HQ Cyprus
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Cyprus Securities and Exchange Commission (CySEC)
๐Ÿšซ Excluded Countries OptionWeb is not available in the following countries : AP, US, African continent

Open OptionWeb's Website

Losses can exceed deposits

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is OptionWeb?

OptionWeb are a worldwide financial trading platform and broker. founded in 2012

Over 11 years later OptionWeb now serves over 10,000 retail investors Binary Options trading.

OptionWeb are a global broker. OptionWeb have a head office in Cyprus.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this OptionWeb review and assess how well the OptionWeb platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like OptionWeb. Choosing or shortlisting a trading platform like OptionWeb can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like OptionWeb.

As a result, selecting the right trading platform like OptionWeb requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like OptionWeb available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like OptionWeb requires thorough due diligence and careful consideration. Some OptionWeb trading features can be complex when trading on mobile or using the OptionWeb online trading platform. Beginners and inexperienced traders must take the time to learn how to use the OptionWeb trading tools properly. In our review of OptionWeb we explain the pros and cons. What OptionWeb offer, countries OptionWeb are available in. Who OptionWeb are regulated by and more.

OptionWeb Review Screenshot

When it comes to online trading with brokers like OptionWeb, carefully review OptionWeb as your broker can make or break your success. Choosing the right broker is essential to ensure your OptionWeb investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your OptionWeb review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of OptionWeb. You must also ensure the OptionWeb broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, OptionWeb needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with OptionWeb into easily digestible information in this OptionWeb review. We want to ensure you have all the knowledge necessary to use the OptionWeb trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with OptionWeb are the key to successful trading, so we've provided this detailed OptionWeb review. So, take a seat, grab a cup of coffee, and dive in to learn about OptionWeb and how it can benefit you or if OptionWeb is not for you.

Online investing with OptionWeb can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with OptionWeb, evaluating the OptionWeb platform is important. Evaluation includes researching the OptionWeb management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with OptionWeb. That's why it's essential to understand the OptionWeb company policies and practices before making any investment decisions. By doing your due diligence and understanding OptionWeb platform, you can make informed investment choices that align with your financial goals. So take the time to research OptionWeb thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this OptionWeb review you need to determine if OptionWeb is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to OptionWeb, so you can make a more informed decision and compare other brokers against OptionWeb.

If you want to look at some OptionWeb alternatives that might better fit your needs, we list and compare some of the best OptionWeb alternatives further down this OptionWeb review.

Don't be fooled by the misconception that online trading is easy with OptionWeb. It can be challenging and requires significant research and understanding of the OptionWeb trading tools and features. You must know what you are doing when trading with OptionWeb. That's why we've compiled this detailed OptionWeb review with some important information that will hopefully make you more informed when online trading with OptionWeb.

OptionWeb Review Table of Contents

OptionWeb review
OptionWeb is a Multi-Assets Trading Platform with over 50+ Assets

Learn more about OptionWeb. OptionWeb is a multi asset platform with 50+ tradable Assets. Assets available on OptionWeb include Binary Options.

OptionWeb trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Binary Options are considered financial assets.

Features of OptionWeb

OptionWeb review
What you should know

OptionWeb offer one way to trade: Binary Options. The assets and products available to you on the OptionWeb trading platform depends on the region of the world, you are in and the OptionWeb entity you have an account.

With OptionWeb you will need a minimum deposit of $200. You can sign up for a demo account to acquaint yourself with OptionWeb platform.

OptionWeb are able to accommodate various levels of traders whether you are experienced or a beginner.

Are OptionWeb safe?

When considering OptionWeb for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as OptionWeb, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2012, and in operation for 11 years OptionWeb have a head office in Cyprus.

OptionWeb is regulated. This means OptionWeb are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

OptionWeb withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like OptionWeb are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. OptionWeb are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of OptionWeb and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. OptionWeb has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, OptionWeb will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like OptionWeb, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If OptionWeb violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with OptionWeb?

All payments made to OptionWeb by traders are securely held in a segregated bank account.

OptionWeb uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should OptionWeb use them?

OptionWeb partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their OptionWeb clients' funds.

OptionWeb clients can have greater confidence in their financial security when working with a Tier 1 bank because OptionWeb are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in OptionWeb deposited in a Tier 1 bank?

Depositing funds with OptionWeb ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if OptionWeb were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that OptionWeb is a secure and safe platform.

Please be aware that trading in financial assets with OptionWeb carries a risk of loss. OptionWeb trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Binary Options due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

OptionWeb emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about OptionWeb, let's closely examine its features.

To better understand the OptionWeb trading platform, you can create two separate accounts - one with real money and the other a OptionWeb demo account. A OptionWeb demo account provides a risk-free environment for experimenting with the OptionWeb platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in OptionWeb trading decisions.

Open a demo account Visit OptionWeb

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How OptionWeb as a Company Compare Against Other Brokers

Broker OptionWeb IC Markets Roboforex eToro
Year Established 2012 2007 2009 2007
Head Office Cyprus Australia Belize Cyprus, UK
Regulation Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ OptionWeb users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit OptionWeb Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

OptionWeb review
OptionWeb Pros and Cons

What we like about OptionWeb

  • Used by over 10,000 OptionWeb users and traders
  • Established in 2012
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $200

What we don't like about OptionWeb

OptionWeb review
OptionWeb Regulation and Licensing in more detail

OptionWeb is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of OptionWeb going into insolvency. OptionWeb compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like OptionWeb to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for OptionWeb traders.

OptionWeb is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like OptionWeb you should be sure they're legitimate online agent.

Is OptionWeb Global?

Yes, OptionWeb is global as OptionWeb is available in over 192 countries.

OptionWeb is a global trading platform in the sense that it operates in 192 countries including nations in Africa, Asia, Oceania, and Europe. Major countries OptionWeb covers include the UK, Germany, South Africa, Thailand, China and Australia. OptionWeb has a total of more than 10,000 users.

OptionWeb review
OptionWeb Fees Explained

  • OptionWeb doesn't charge withdrawal fees.
  • OptionWeb does not charge a fee for inactive accounts.
  • OptionWeb doesn't charge deposit fees.

OptionWeb Costs To Check

Modern brokers like OptionWeb provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, OptionWeb may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall OptionWeb trading profitability.

How OptionWeb Fees Compare Against Other Brokers

Broker OptionWeb IC Markets Roboforex eToro
Min Deposit 200 200 10 50
Withdrawal Fees No No Yes Yes
Inactivity Fees No No No Yes
Deposit Fees No Varies No No
CFD Commission Fees N/A Yes No Yes

OptionWeb Minimum Deposit

OptionWeb requires a minimum deposit of 200 GBP/USD/EUR when opening an OptionWeb trading account.

A minimum deposit is the minimum amount of money required by OptionWeb to open a new online brokerage account with them.

Don't be scared off by brokers like OptionWeb charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like OptionWeb, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

OptionWeb Withdrawal Fees

OptionWeb doesn't charge withdrawal fees.

OptionWeb Withdrawal rules may vary across different brokers when it comes to transferring funds from your OptionWeb or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with OptionWeb may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the OptionWeb withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from OptionWeb. Researching and comparing OptionWeb withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing OptionWeb funds frequently or dealing with large sums of money. Awareness of these OptionWeb fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your OptionWeb funds.

For example, OptionWeb allows you to withdraw your funds to Credit cards, Bank transfer, Neteller, Skrill.

OptionWeb Inactivity Fees

OptionWeb does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by OptionWeb terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all OptionWeb fees and services. It's recommended that you check the OptionWeb website before signing up. If you decide to close your OptionWeb account, it's important to do so with the OptionWeb broker customer support and obtain confirmation that no remaining OptionWeb fees are due.

Brokers like OptionWeb must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

OptionWeb Deposit Fees

OptionWeb does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

OptionWeb Commission Fees

OptionWeb does charge commission on CFD instruments.

Brokerage firms like OptionWeb may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the OptionWeb trading account level held by the trader.

OptionWeb may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing OptionWeb terms and conditions to understand the commission fees and any other charges that may apply is essential.

OptionWeb review
What can you trade with OptionWeb?

It's essential to note that the trading instruments offered under the OptionWeb brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the OptionWeb trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with OptionWeb over 50 instruments in fact.

If you want to trade currency pairs on global Forex markets, OptionWeb offer over currency pairs.

OptionWeb Compared To Other Brokers

Compare OptionWeb with IC Markets and Roboforex below.

Losses can exceed deposits

How OptionWeb Trading Options Compare Against Other Brokers

Broker OptionWeb IC Markets Roboforex eToro
Instruments Available 50 2250 100 5000
Platforms Binary, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes
Exotic Forex pairs Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit OptionWeb
Losses can exceed deposits
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

OptionWeb review
Trading on OptionWeb web platforms and other applications

OptionWeb provides traders with a user-friendly custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

OptionWeb also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See OptionWeb's platforms

Is the OptionWeb Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the OptionWeb trading platform to protect you on PC and mobile OptionWeb platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using OptionWeb web trading platforms.

OptionWeb Trading Platform Options

OptionWeb does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

OptionWeb offers its custom trading platform developed and tested in-house. The OptionWeb trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The OptionWeb platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With OptionWeb, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the OptionWeb platform, including news and quotes. Discover possible trades with the strong charting tools found with OptionWeb. OptionWeb is available as downloadable applications or online through the cloud. Monitor your orders with OptionWeb and receive breaking news in your positions.

OptionWeb Trading benefits

  • OptionWeb Low min deposit

OptionWeb Trading Accounts Offered

Below we give an overview of the account types that OptionWeb offer. Whatever you are looking to trade, the varying OptionWeb account types will be able to provide you with what you need.

  • OptionWeb Demo account
  • OptionWeb Standard account
  • OptionWeb Islamic account

Can I try OptionWeb?

OptionWeb provides a demo account that enables individuals to explore trading before investing their funds. By creating a OptionWeb practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the OptionWeb demo account can help individuals to make informed decisions before investing their money.

Open a demo OptionWeb account to practice and trade.

Losses can exceed deposits

OptionWeb withdrawal and funding methods

It's essential to remember that the payment methods provided by OptionWeb vary based on the OptionWeb entity and the OptionWeb client's country of residence. To view the OptionWeb payment options available, you can log into your OptionWeb member's area.

OptionWeb offers various funding payment methods listed in your OptionWeb dashboard if available in your region. To learn more about the OptionWeb funding and withdrawal options available in your area, you can explore the OptionWeb website.

OptionWeb provides several payment methods for funding your OptionWeb account. You may utilize any of these deposit options if they are available in your region. OptionWeb ensures that users have multiple payment methods to choose from, making it more convenient for verified OptionWeb account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the OptionWeb user's location. learn more about OptionWeb funding and withdrawal methods.

OptionWeb Payment Methods

Some OptionWeb payment methods are local and are available only to specific regions. OptionWeb account holders should check which payment methods are provided in your region.
  • OptionWeb accepts Credit cards
  • OptionWeb accepts Bank transfer
  • OptionWeb accepts Neteller
  • OptionWeb accepts Skrill
Broker OptionWeb IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill Yes Yes Yes Yes
Payoneer No No Yes No
Neteller Yes Yes Yes Yes

*please note available OptionWeb and other broker payment methods depend on the clients country of residence.

How can I start trading with OptionWeb?

To open a trading account with OptionWeb, individuals can sign up on the OptionWeb website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for OptionWeb account validation and making a deposit. Once completed, OptionWeb users can download the trading platform of their choice.

It's important to note that OptionWeb requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps OptionWeb maintain a trustworthy financial environment for its 10,000 users. Detailed information on the OptionWeb trading platforms is available on their website.

Losses can exceed deposits

Performing trades with OptionWeb

The trading platform, OptionWeb, provides users various options regarding the minimum and maximum trade requirements. These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals.

OptionWeb, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like OptionWeb can be useful for traders starting or with limited capital.

Like other brokers, OptionWeb margin requirements can differ depending on the traded instrument.

Education Resources at OptionWeb

To trade effectively with OptionWeb, it's important to have a good understanding of the OptionWeb trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with OptionWeb and externally.

OptionWeb . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with OptionWeb. Familiarizing yourself with the OptionWeb trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using OptionWeb. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with OptionWeb involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like OptionWeb, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with OptionWeb. Explore the OptionWeb platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with OptionWeb, before live trading.

Customer Support at OptionWeb

As part of our OptionWeb review, we review customer service options, response times and problem resolution effectiveness on the OptionWeb trading platform. The OptionWeb trading platform supports multiple languages, which includes English, French, Italian.

OptionWeb Available Support Types

Based on our experience, we have given OptionWeb a D grade for customer support. We encountered some slow response times or OptionWeb queries that were left unanswered.

Compared to other brokers, OptionWeb offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at OptionWeb

Our team tested the live chat support of OptionWeb and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested OptionWeb support services in various countries and languages and found that OptionWeb were able to effectively resolve our customer issues.

Email Support at OptionWeb

We tested the email support of OptionWeb by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any OptionWeb response.

The OptionWeb team did resolve and answer our queries, but the email support from OptionWeb was overall average compared to other brokers we have tested.

Phone Support at OptionWeb

We contacted OptionWeb via phone and received quick assistance within 10 minutes of our call.

The OptionWeb phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by OptionWeb and found that they could assist us in various languages.

While we found the OptionWeb phone support satisfactory, there is room for improvement in response time.

See how OptionWeb Support Compares Against Other Brokers

Broker OptionWeb IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit OptionWeb Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with OptionWeb

As OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC).

As a new client of OptionWeb, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with OptionWeb in your region. During the OptionWeb account opening process, you will be asked to provide OptionWeb with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with OptionWeb have the following documents available.

  • OptionWeb require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for OptionWeb compliance. This must be dated within the last six months.
  • If you plan to fund your OptionWeb account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the OptionWeb platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under OptionWeb Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring OptionWeb's platform.

However, remember that you won't be able to make trades on OptionWeb until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the OptionWeb KYC compliance process as soon as possible to avoid any delays in accessing the OptionWeb platform's features.

It is important to note that OptionWeb may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the OptionWeb platform and features immediately. However, you must pass the verification process to start live trading with OptionWeb, which can take up to a few business days.

To start the process of opening an account with OptionWeb you can visit the OptionWeb trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.optionweb.com/ on September 19, 2023.

Is OptionWeb A Good Broker?

We have spent over 5 years examining OptionWeb in depth. Although we found some very useful aspects of the OptionWeb platform that would be useful to some traders. We feel that a alternative to OptionWeb may better suit you.

  • OptionWeb have a good track record of offering Binary Options.
  • OptionWeb has a history of over 11 years.
  • OptionWeb has a reasonable sized customer support of at least 10.
  • OptionWeb are regulated by the Cyprus Securities and Exchange Commission (CySEC). OptionWeb is subject to strict regulatory oversight from its respective jurisdiction, which holds OptionWeb (the broker) accountable for misconduct. This regulatory framework helps ensure that OptionWeb operates fairly and transparently and provides OptionWeb customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and OptionWeb.
  • OptionWeb have regulation from reputable regulators.
  • One of the advantages of using OptionWeb is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from OptionWeb are particularly important as OptionWeb traders want to receive their money quickly. With the efficient OptionWeb payment processing system, traders can enjoy faster access to their OptionWeb funds.
  • OptionWeb have an international presence in multiple countries. Including local OptionWeb seminars and training.
  • OptionWeb can hire people from various locations in the world who can better communicate in your local language.

OptionWeb Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

OptionWeb not quite right?

If after reading this OptionWeb review, OptionWeb does not fulfill your needs check out these OptionWeb Alternatives.

Click here to view the best OptionWeb Alternatives

We have spent years researching the best alternatives to OptionWeb. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective OptionWeb alternatives available today. If you are unsatisfied with OptionWeb or want to explore other options, we recommend checking out our carefully curated list of highly-rated OptionWeb alternatives. Follow the links below to learn more about these OptionWeb broker alternatives and choose the one that best suits your trading needs.

Related OptionWeb Vs Comparisons

Throughout our comprehensive OptionWeb review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing OptionWeb against other popular brokers in the industry, check out our OptionWeb Vs pages. Our team has compiled a series of detailed OptionWeb comparison articles, pitting the OptionWeb platform against some of the best-rated OptionWeb competitors in the market. Dive into our informative OptionWeb Vs pages below to find out how OptionWeb stacks up against other leading brokers.

OptionWeb review
OPTIONWEB Frequently Asked Questions

Read our detailed OptionWeb FAQ Section updated for 2023.

Can I try OptionWeb?

OptionWeb offer a demo account so you can try the OptionWeb platform with virtual trading before you put down a payment. Virtual trading with OptionWeb is zero risk. Learn more here

What funding methods do OptionWeb accept?

Please note that the list of payment methods below depends on the OptionWeb Entity and the client's Country of Residence.

OptionWeb offer the following funding payment methods Credit cards, Bank transfer, Neteller, Skrill, among other payment methods.
Learn more here

Losses can exceed deposits

Is OptionWeb safe?

OptionWeb have over 10,000 users. OptionWeb are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to OptionWeb accounts by traders are held in a segregated bank account. For added security,OptionWeb use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with OptionWeb is risky, and because the market is so volatile, losses could happen at any time.

Losses can exceed deposits

Is OptionWeb trading good?

OptionWeb is considered good and reputable to trade with OptionWeb. OptionWeb is used by over 10,000 traders and OptionWeb users. OptionWeb offers Binary Options trading. Minimum deposit with OptionWeb is 200.

Is OptionWeb trading Legit?

OptionWeb was founded in Cyprus in 2012. OptionWeb has been facilitating trade on the financial markets for over 11 years. OptionWeb offers clients Binary Options trading. All funds deposited to OptionWeb are held in segregated bank accounts for security. OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is OptionWeb a good broker?

OptionWeb allows Binary Options trading. OptionWeb is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.

Is OptionWeb trustworthy broker?

OptionWeb is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to OptionWeb, money is in a segregated bank account that is separate from OptionWeb company's funds. As a regulated broker, OptionWeb cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by OptionWeb. Instead, your OptionWeb funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with OptionWeb. Also OptionWeb is regulated in its local jurisdictions including major financial regulators like Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for OptionWeb?

The minimum deposit to trade with OptionWeb is 200.

How long do OptionWeb withdrawals take?

Withdrawing money from OptionWeb processing time varies depending on the method but averages 1-5 days.

Is OptionWeb regulated?

OptionWeb is regulated by the Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of OptionWeb maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is OptionWeb a market maker?

OptionWeb is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by OptionWeb even if no buyer or seller is lined up.

How can I start trading with OptionWeb?

When opening a trading account with OptionWeb, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on OptionWeb trading platforms, you can follow the link provided below: Learn more about signing up with the OptionWeb trading platform here. This will provide useful information and insights into the various trading platforms offered by OptionWeb, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with OptionWeb?

Yes your money is safe with OptionWeb.

Overall, strict financial regulation is essential for ensuring that trading platforms like OptionWeb operate fairly, transparently, and responsibly, which ultimately benefits all OptionWeb stakeholders involved.

Trading platforms like OptionWeb must have strict financial regulation for several reasons:

  • Protecting OptionWeb Investors: Strict financial regulation ensures that investors who use the OptionWeb trading platform are protected against fraudulent or unethical behavior by the OptionWeb platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the OptionWeb platform.
  • Maintaining OptionWeb Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the OptionWeb trading platform. Regulatory procedures reduce the likelihood of the OptionWeb platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing OptionWeb Transparency: Regulations require trading platforms like OptionWeb to maintain detailed records and disclose OptionWeb client information. Financial regulatory requirements enhances transparency and helps to build trust between the OptionWeb platform and its investors.

OptionWeb is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as OptionWeb, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, OptionWeb ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like OptionWeb.

Is OptionWeb a con?

OptionWeb is regulated and well established, having been in business for over 11 years. OptionWeb is not a con.

Can you make money with OptionWeb?

Although traders have had great success with OptionWeb, trading on the financial markets with OptionWeb is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does OptionWeb have fees?

OptionWeb doesn't charge withdrawal fees. OptionWeb doesn't charge inactivity fees. OptionWeb doesn't charge deposit fees.

When was OptionWeb founded?

OptionWeb was founded in 2012.

How many people use OptionWeb?

OptionWeb is used by over 10,000 registered OptionWeb users.

What is OptionWeb Headquarters country?

OptionWeb has its head quarters office in Cyprus .

Does OptionWeb offer negative balance protection?

OptionWeb does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does OptionWeb offer guaranteed stop loss?

OptionWeb does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does OptionWeb allow scalping?

OptionWeb does not offer scalping.

Does OptionWeb allow hedging?

OptionWeb does not offer hedging.

Does OptionWeb offer CFD trading?

OptionWeb does not offer CFD trading.

Does OptionWeb offer STP?

OptionWeb does not offer STP trading.

How many people use OptionWeb?

OptionWeb is used by over 10000 OptionWeb users and traders.

Is OptionWeb an ECN broker?

OptionWeb does not offer ECN trading.

Does OptionWeb offer a demo account?

OptionWeb offers a demo account.

Does OptionWeb offer an Islamic account?

OptionWeb offers an Islamic account.

What are the funding methods for OptionWeb?

Please note that funding methods and options available with OptionWeb can be found in the OptionWeb Members area and depend on the OptionWeb clientโ€™s country of residence. Please check your specific available payment methods on the OptionWeb website. OptionWeb accept the following funding methods : Credit cards, Bank transfer, Neteller, Skrill.

OptionWeb review written by Andrew Blumer and Mark Hansen

We hope you found our review of the OptionWeb brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

OptionWeb review written by Mark Hansen of Comparebrokers.co