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OptionWeb is a binary options broker that bills itself as the first company in the industry to be licensed by a supervisory authority.
One of the main features of OptionWeb is the fact that the company is regulated. The company is owned by Lionsman Capital Ltd (Ex Arturiana Holdings Ltd) and is registered with CySEC under No. 175/12.
Although the presence of a license does not guarantee 100% that a broker is a bona fide financial service provider, CYSEC's control minimizes the risk of cheating traders. All customer funds are held in segregated bank accounts.
Account types
There are several types of accounts with different functions:
STARTER (200–1,000 €) - more than 80 assets are available, profitability up to 80%, professional trader assistance up to 4 hours a week, withdrawal of funds within five days.
STANDARD (1,000-3,000 €) - more than 120 assets are available, profitability up to 83%, professional traders help up to 6 hours a week, withdrawal of funds within five days.
SILVER (3,000-10,000 €) - more than 180 assets are available, yield up to 83%, assistance from professional traders up to 8 hours a week, withdrawal of funds in 48 hours.
GOLD (10,000-49,999 €) - an account for semi-professional investors, more than 180 assets are available (additional assets are provided on demand), yield up to 88%, chat help is available without time limits, withdrawals in 24 hours.
PLATINIUM (50,000–249,999 €) - an account for professional investors, more than 180 assets, chat assistance without restrictions, yield up to 90%, withdrawal of funds in 24 hours.
Another DIAMONDS account is offered with a deposit of € 250,000. The account has personalized services. All trading conditions can be obtained from your personal manager.
Demo account available.
Trading terminal
The broker provides its own binary options trading platform OptionWeb. It is lightweight and easy to download to any PC. OptionWeb recommends working through Chrome or Firefox. There is also a downloadable mobile app that allows the trader to trade on the go.
The OptionWeb trading platform includes the following contracts: High / Low, Long, 60 Seconds, and Touch. All price statistics are displayed in real time.
The asset portfolio listed on the website includes about 62 stocks, 30 currency pairs, 9 commodities and 27 indices. Since some of the accounts list over 180 assets, we were curious to know where the numbers come from. The rest of the assets are available at the request of the trader - if available.
The website also has a graphical technical analysis tool.
additional services
OptionWeb provides its clients with an e-book from the available training materials, which contains sections on technical analysis and binary options. Also, the main events of the day are reviewed in the daily overview. Traders can read the news feed, use analytical materials - economic calendar, charts.
Support service
OptionWeb support is available 24/5. OptionWeb listed phone numbers for Italy, France, UK and Cyprus. Users can also contact OptionWeb via email or live chat. Support staff will be helpful if your personal account manager is not available.
Ways of payment
The segregated account scheme provides excellent security in addition to SSL encryption for all transactions on the site. Deposit and withdrawal operations do not cause any difficulties.
Users can deposit using credit cards, online wallets (Skrill / Moneybookers) and bank transfer. Deposits are immediately displayed in the merchant account if using network wallets or credit cards. With these methods, no commission is charged. Additional fees may apply for wire transfers.
It can take up to 5 days for a bank transfer payment to be processed.
Users with basic accounts will have to wait 3-5 days for funds to be credited to the account. Applications from account holders with a higher minimum deposit are processed in 48 or even 24 hours. If this procedure takes longer, then this may be due not to the actions of the broker, but to third parties. The deposit is withdrawn in the same way that was used when depositing. Bonuses and profits - via bank transfer.
The minimum withdrawal amount is $ 100, but the broker does not prohibit withdrawing a lower amount, but for an additional $ 25 fee. Users can also deposit in EUR. All funds will be converted to trading currency (EUR or USD) during processing.
Pros:
regulated broker; selection of trading accounts; demo account; the site is Russified.
Minuses:
does not hold promotions and contests for traders.
OPTIONWEB is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
OPTIONWEB profits from traders' trades, usually in two main ways
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First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. OPTIONWEB received a score of 1 of 5 on our resource.