OptionWeb Review 2020

OptionWeb Rated 2/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
OptionWeb Screenshot

OptionWeb Guide

OptionWeb are an online broker founded in 2012 offering Binary Options trading.

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

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of OptionWeb we break down the pros and cons. What OptionWeb are able to offer, what countries OptionWeb are available in. Who OptionWeb are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with OptionWeb

Open OptionWeb's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to OptionWeb

With this review we hope to help you see if OptionWeb is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding OptionWeb that will help you get off to a good start in the world of online trading.

OptionWeb Review Table of Contents

OptionWeb what you should know

OptionWeb offer one way to trade: Binary Options.

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 choosing a broker like OptionWeb the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2012, and in operation for 8 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.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to OptionWeb, this will be honored. If OptionWeb violate any regulatory rules their regulated status could be stripped.

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 banks financial health and strength.

Try creating two accounts when you are working with OptionWeb. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

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.

Broker OptionWeb eToro IC Markets Trading212
Year Established 2012 2006 2007 2006
Head Office Cyprus Cyprus, UK Australia UK
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 60,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit OptionWeb Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

OptionWeb Pros and Cons

What we like about OptionWeb

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

What we don't like about OptionWeb

OptionWeb Financial Regulation and Supervision in more detail

We have checked and OptionWeb is regulated and supervised by reputable organisations. You are able to check every OptionWeb supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with OptionWeb. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect OptionWeb traders and provide a safe trading environment.

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

OptionWeb General Fees

  • OptionWeb doesn't charge withdrawal fees
  • OptionWeb doesn't charge inactivity fees
  • OptionWeb doesn't charge deposit fees
Broker OptionWeb eToro IC Markets Trading212
Min Deposit 200 200 200 1
Withdrawal Fees No Yes No No
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees N/A No Yes No

OptionWeb Commissions

  • OptionWeb does charge commission on CFD instruments.

What can you trade with OptionWeb?

Be aware that Different entities under OptionWeb Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with OptionWeb over instruments infact.

If you are looking at trading currency pairs OptionWeb offer over currency pairs.

Compare OptionWeb with eToro and IC Markets below.

Losses can exceed deposits

Broker OptionWeb eToro IC Markets Trading212
Instruments Available 100 232 3000
Platforms Binary, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps
FX / Currencies Visit OptionWeb Visit eToro Visit IC Markets Visit Trading 212
Forex pairs offered 50 65 177
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit OptionWeb Visit eToro Visit IC Markets Visit Trading 212
Commodities Offered 0 0 19 14
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit OptionWeb Visit eToro Visit IC Markets Visit Trading 212
Stocks Offered 957 100 1731
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes

Trading on OptionWeb web platforms and other applications

OptionWeb offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

OptionWeb also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See OptionWeb's platforms

OptionWeb Trading benefits :

  • Low min deposit

OptionWeb Trading Accounts Offered :

  • Demo account
  • Standard account
  • Islamic account

Can I try OptionWeb before I buy?

OptionWeb offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

OptionWeb withdrawal and funding methods.

Please note that the list of payment methods below depend on the OptionWeb Entity and the Clients Country of Residence.

OptionWeb offer the below funding payment methods. learn more about OptionWeb

  • Credit cards
  • Bank Transfer
  • Skrill
  • Neteller
Broker OptionWeb eToro IC Markets Trading212
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes No
Neteller Yes Yes Yes No

How can I start trading with OptionWeb?

When opening a trading account with OptionWeb, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on OptionWeb trading platforms here.

Performing trades with OptionWeb

With OptionWeb, the minimum and maximum trade requirements vary depending on the trader and the instrument.

As a market maker, OptionWeb may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at OptionWeb

To trade effectively with OptionWeb, it's important to get a have a good understanding of the OptionWeb trading tools and the markets.

OptionWeb offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with OptionWeb.

Take time to look around the OptionWeb platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at OptionWeb

OptionWeb support a wide range of languages including English, French, Italian

OptionWeb have a D grade support rating because because sometimes the response was slow or our query wasnt answered. OptionWeb less customer support features compared to other brokers like live chat, phone and email support. 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

We tested the OptionWeb live chat and it works well. We sent messages to OptionWeb livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with OptionWeb support in multiple languages in multiple countries. OptionWeb where able to resolve our customer issues.

Email Support at OptionWeb

We sent several emails to OptionWeb and answer times overall were excellent. The fastest response from OptionWeb was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with OptionWeb, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from OptionWeb.

Phone Support at OptionWeb

We called OptionWeb and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The OptionWeb phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual OptionWeb team by calling in varying languages. OptionWeb made an effort to make sure our queries were answered.

Overall the phone support from OptionWeb was okay.

See how OptionWeb Support Compares Against Other Brokers

Broker OptionWeb eToro IC Markets Trading212
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, German, Spanish, French, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit OptionWeb Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with OptionWeb

As OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under OptionWeb Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore OptionWeb's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with OptionWeb you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.optionweb.com/ on 12th August 2018.

Is OptionWeb A Good Broker?

We spent over 3 months examining OptionWeb in depth. Although we found some very useful aspects of the OptionWeb platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative OptionWeb broker.

  • OptionWeb have a good track record of offering Binary Options.
  • OptionWeb has a history of over 8 years.
  • OptionWeb has a reasonable sized customer support of at least 10.
  • OptionWeb are regulated by Cyprus Securities and Exchange Commission (CySEC). This means OptionWeb fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • OptionWeb have regulation from a Tier 1 reputable country.
  • OptionWeb has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • OptionWeb have an international presence in multiple countries. This includes local OptionWeb seminars and training.
  • OptionWeb are able to hire people from various locations in the world who can better communicate in your local language.

OptionWeb Risk Disclaimer

Losses can exceed deposits

OptionWeb not quite right?

Check out these OptionWeb Alternatives

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

If you feel some of the above OptionWeb are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of OptionWeb alternatives below.

Related OptionWeb Comparisons

If you would like to see how OptionWeb stands up against other brokers you can read some of our OptionWeb comparisons below. We compare side by side some of our top rated OptionWeb versus comparisons. Read some indepth OptionWeb VS pages below.

OPTIONWEB Frequently Asked Questions

Can I try OptionWeb before I buy?

OptionWeb offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do OptionWeb accept?

Please note that the list of payment methods below depend on the OptionWeb Entity and the Clients Country of Residence.

OptionWeb offer the following funding payment methods accept Credit cards, Bank Transfers, Skrill, Neteller, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is OptionWeb safe?

OptionWeb are considered safe 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 banks financial health and strength.

Is OptionWeb trading good?

OptionWeb is considered good and reputable to trade with. OptionWebOptionWeb is used by over OptionWeb active traders. 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 8 years. OptionWeb offers clients Binary Options trading. All funds deposited to OptionWeb are held in segregated tier 1 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 is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker. OptionWeb allows Binary Options trading.

Is OptionWeb trustworthy broker?

OptionWeb can be considered trustworthy. All money funded to OptionWeb is placed into a segregated tier 1 bank account. this means your money in not held by OptionWeb directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also OptionWeb is regulated by 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 but averages 2-5 days.

Is OptionWeb regulated?

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

Is OptionWeb a market maker?

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

How can I start trading with OptionWeb?

When opening a trading account with OptionWeb, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on OptionWeb trading platforms here.

Is my money safe with OptionWeb?

OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like OptionWeb is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to OptionWeb, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is OptionWeb a con?

OptionWeb is regulated and well established having been in business for over 8 years. OptionWeb is definitely 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 10000 registered traders.

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 means 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 guarenteed 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 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 a Islamic accounts.

What are the funding methods for OptionWeb?

OptionWeb accept the following funding methods : Credit cards, Skrill, Neteller, Bank Transfer.

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 editor 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 experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, 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