OptionWeb is a binary option broker that is based in Cyprus and regulated by CySEC. They gained their license in 2012, and they do not accept American traders. Their support languages are English, French, and Italian. OptionWeb uses the SpotOptions platform and is owned by Lionsgate Capital Markets.
|Bonus||Up to 100%|
|US traders are not accepted|
- Demo account available
- Educational video library
- Authorized by regulative authorities
Considering that OptionWeb is one of the older binary options brokers around (it was one of the first to get a license on Cyprus), it has kept up well with the times. It has a clean, professional layout, and it does not cram the space with ads or promises of instant wealth. This is a welcome change from many of the sleazy binary options brokers. OptionWeb claims to be developing apps for iOS and Android, although they are not yet ready for public use. Overall, OptionWeb looks nicer than many of the binary brokers out there --- perhaps because of their status as a regulated financial entity.
OptionWeb makes use of the popular SpotOptions platform, which many other successful brokers also use for binary options. It is a good platform, and OptionWeb has included a lot of modern tools and trades on it. While some older brokers fail to adapt to changes in the industry, OptionWeb has kept up with new evolutions like one-touch trades, double-ups, an option builder, and a rollover tool. In terms of asset selection, OptionWeb is decent. They offer about 80 assets, spread between indices, equities, currencies, and commodities. Some places offer more, but this is not bad, especially considering that they do have all the modern trading tools.
OptionWeb has a typical account structure, where higher deposits unlock higher percentage match bonuses, each of which has a trade volume requirement. It also lets traders have a risk free trade and offers some refunding of losses, especially when using the Option Builder trade tool.
Min. Deposit€ 200
Deposits and Withdrawals
As usual, OptionWeb takes credit cards and wire transfers as their main modes of deposits and withdrawals. The minimum deposit is $200. So far, there are no reports of missing deposits or traders becoming unable to withdraw their money when they want to, implying that OptionWeb has not conducted fraud activities using trader accounts.
OptionWeb maintains phone lines and chat rooms for each of its supported languages. This is a major plus, as brokers often neglect languages besides English. All of the different chat rooms are constantly monitored, and the representatives are helpful and polite.
- Bank Wire
- Diners Club
- Visa Electron
- Email: email@example.com
- Fax: +357 25-761-121
- Phone: +357 25-761-122
OptionWeb is one of the few binary options brokers to have a demo account. This is a really cutting-edge and important feature. It is excellent that they let traders see their platform and try it out before committing with hundreds of dollars. While not unique, it is certainly a feature that only a couple of brokers offer.
|Speed Trading||Spread High/Low||One Touch||Option Builder||Mobile Trading||Regulated|
Other Advantages and Disadvantages
OptionWeb has good service, and their presentation, along with the fact that they are regulated, gives them the atmosphere of a business-savvy, serious broker. Some binary options brokers look more like casinos than real financial institutions, and it appears that OptionWeb is trying to distance themselves from that phenomenon. This is definitely a point in their favor and sets them apart from the less savory elements of the industry.
Pros & Cons
- Strictly regulated broker
- Fundamental analysis tools
- Demo account after 1st deposit
- Great short-term trades experience
- Mobile app not as quick as expected (iOS tested)
The Final Word
OptionWeb is a great choice for anyone looking for a regulated binary broker. The fact that they have made the extra effort to install new trading tools and expand their asset selection is a great sign for the future because it shows that Lionsgate is interested in creating a sustainable, long-term business. Although it does not accept Americans, the fact that it has a demo account, as well as a risk-free trade means that it is easy to try them. Their bonus structure is good. In general, OptionWeb is a jack of all trades that has tons to offer, so if you are a European trader who finds them interesting, get a demo account and see if you like their interface.