OptionWeb – facts about the provider
Type: Binary options
Customer service: Good
OptionWeb’s overall offering is promising, as customers are having a good OptionWeb experiences due to the many tradable underlyings and different trade types, an intuitive platform, and a high return on investment.
Overall rating: 92.6%
Date: March 2018
Special features: 86.5%
Customer Service: 90.0%
Review content overview:
Free account opening in seconds
The provider OptionWeb
Advantages and disadvantages at a glance
The Trading Platform and features
Deposit and withdrawals
Final Assessment and opinion about OptionWeb
OptionWeb is an international broker based in Cyprus. The brokerage company was founded in 2010 and has since specialized in binary options trading. In Cyprus, the broker is also officially regulated by the Cyprus Securities and Exchange Commission (CySEC) and is listed under license number 175/12. The regulation is a MiFID regulation, a Market in Financial Instruments Directive, which is a European directive regulating the financial markets in the European internal market. For OptionWeb, this completely rules out fraud and confirms that OptionWeb is reputable. This broker is not only suitable for newcomers with little experience, but also for advanced traders with a lot of experience.
Advantages and Disadvantages
Low minimum deposit of only 200 USD
Different account types/models
MiFID regulation by CySEC in the EU
Extensive catalog of basic features
High returns of up to 92 percent
Loss coverage of ten percent
But support via live chat is only available for the higher account classes
The Trading Platform & Features
The trading platform of OptionWeb is a completely web-based version, so that a download and installation of software is not necessary and everything/action happens simply in the browser window. In addition, the trading platform is automatically updated and therefore always up to date, a veritable OptionWeb revolution, because not all providers have a self-updating trading platform. It is not a problem to navigate through the web interface, because it is clearly structured and simple, resulting in a high degree of user-friendliness.
Positive OptionWeb experiences are also made due to the numerous additional functions of the OptionWeb software. Because not only graphics and charts can be displayed in a large format, but also, for example, additional services in terms of market analysis and further education in the field of binary options can be claimed.
Furthermore, the OptionWeb app, which allows binary options to be traded while on the move, also stands out positively. This kind of flexibility is especially beneficial when trading binary options as it is a fast moving business. Thus, it is only beneficial for the positive OptionWeb experience that the OptionWeb software of the trading platform is also compatible with the operating systems iPhone and Android. To become familiar with the trading platform, the provider provides a completely free demo account, which is not the case with every broker.
Data about the company | Important information
Company name: Lionsman Capital Markets Limited
Address of the provider 18 | Evagora-Papachristoforou, 3030/Limassol, Cyprus
Registration number: 279944
Regulatory Authority: CySEC
Telephone numbers [France: +33 9 751 29 777] [Italy: +39 0694804428] [England: +44 203 80 80 084]
E-mail address: email@example.com
Live Chat Support: Some customers can use the live chat five days a week
In addition to the classic options (call/put,) OptionWeb also offers other types of trading. These include one-touch options, short-term 60-second trades, and more! Recently, there is the trading option FX/CFD, with which it is possible to trade in particular currency pairs and commodities. As for the call and put options, traders can choose from a pool of assets with over 180 underlyings. For the call and put options until the end of the term of an option, it is speculated whether the price of the selected underlying will rise (call) or fall (put.)
If one is right with his speculation, then returns between 82 and 92 percent are possible. With regard to touch options, OptionWeb only offers few assets. If a trader chooses this option, he assumes that the price of an underlying within the specified term touches a certain price limit, which may be both above and below the initial value.
For these options, OptionWeb offers particularly high returns of up to 500 percent, as these options are considered very difficult to estimate. In addition to this touch option also good OptionWeb experiences are made by the additional features Rollover and doubling. If an option is just in the plus, you can double the use with this additional feature with a mouse click. If, however, the development does not meet the assumptions, the rollover function can be used to extend the term of the option.
However, with this feature it is also possible to sell an option before the end of the expiration time, which can also be done with an option that is in the plus. Thus, at OptionWeb, there are trade types that are common and add some additional features, which usually gives traders positive experiences with OptionWeb.
The deposit is very simple with the broker OptionWeb, because there are a variety of different deposit and withdrawal modalities. According to OptionWeb experiences, all payment methods are secure and the transfers are immediately credited to the merchant account with the broker. Deposits and withdrawals can be made using credit cards, debit cards, bank transfers, and e-wallet services such as Neteller and Skrill/Moneybookers.
Assessment and opinion about OptionWeb
Our OptionWeb review has shown that this broker is more than convincing regarding the established assessment criteria. The big account types bring with them a wide range of training and support via live chat. Therefore, newcomers have to decide to what extent they will be sufficient because of lack of support for a starter account. For experienced and advanced traders, the services offered by the higher-level account classes are more than above average.
Especially the different types of accounts, which are based on the desired investment, ensure that the need for additional services is covered by OptionWeb. Another positive thing was the training opportunities, which can be very useful in the form of webinars and individual training accordingly.
The trading platform has also provided a good impression in web-based form or as an OptionWeb App, which can also be tried out using a free demo account. The return on OptionWeb is certainly set high and the official regulation by the Cypriot CySEC also ensures a certain degree of security at OptionWeb. This allows the broker OptionWeb to be a suitable option for not only inexperienced newcomers, but also to advanced professionals in binary options trading.