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.
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.
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.
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.
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.
regulated broker; selection of trading accounts; demo account; the site is Russified.
does not hold promotions and contests for traders.
OPTIONWEB is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker OPTIONWEB makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for 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 virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage 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 is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. 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 brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over 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. Brokers 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 broker. OPTIONWEB received a score of 1 of 5 on our resource.