OptionWeb Guide – Read our In-Depth OptionWeb Review
OptionWeb Rating: 4.71 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This OptionWeb review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this OptionWeb review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and broker, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will get proficient at all the concepts of broker as you keep trading. For starters, you need to select the right broker who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program will create hefty returns. OptionWeb is just one such platform that will take you along with your investment into great heights. It's important to understand all about OptionWeb before you trust them with your cash.
OptionWeb Guide – Quick Summary
OptionWeb Telephone Number:
OptionWeb Email Address:
Cyprus Securities and Exchange Commission (CySEC)
Number Of Clients:
10,000+ OptionWeb users and traders
OptionWeb Facebook Likes:
OptionWeb Twitter Followers:
OptionWeb Instagram Followers:
Losses can exceed deposits
|OptionWeb Telephone Number:|
|OptionWeb Email Address:|
|Regulated By:||Cyprus Securities and Exchange Commission (CySEC)|
|Number Of Clients:||10,000+ OptionWeb users and traders|
|OptionWeb Facebook Likes:||0|
|OptionWeb Twitter Followers:||0|
|OptionWeb Instagram Followers:||0|
Losses can exceed deposits
Our full OptionWeb Review covers everything you need to know about trading using OptionWeb. A fantastic agent can multiply your first investments and provide you positive profits. If you want to earn profits, you should trade with a broker service that aligns with your investment objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully analyze your agent before you select them. It's a frequent misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
OptionWeb is a broker which has paved its way successfully to the brokerage world. In this review, we have tried to collate a number of the vital aspects of OptionWeb. This review can allow you to understand whether OptionWeb is a fantastic fit for your investments or not. We have attempted to breakdown all the qualities and fees for your convenience.
OptionWeb Review, Table Of Contents
- Who are OptionWeb?
- Benefits Of Trading With OptionWeb
- Everything you should know about trading with OptionWeb
- Is OptionWeb Safe To Trade With?
- OptionWeb Risk Disclaimer
- Pro's & Con's Of Trading With OptionWeb
- Compare Brokers Similar To OptionWeb
- Regulation And Licencing In More Detail
- OptionWeb Awards
- Minimum Deposit Required For A Live Account With OptionWeb
- OptionWeb Commission And Fees Explained
- Compare broker fees against OptionWeb
- OptionWeb Withdrawal Fees Explained
- OptionWeb Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With OptionWeb?
- OptionWeb Customer Support
- Alternatives To OptionWeb
- Frequently Asked Questions About OptionWeb
Who are OptionWeb?
OptionWeb is a foreign exchange broker headquartered in Cyprus and provides a variety of instruments for online trading. Since its inception in 2012, OptionWeb has emerged as a leading player in the industry of online brokerage. OptionWeb includes a highly aggressive and full-featured trading site that's focused on currency, indices, metals, stocks , commodities.
Over the past 9 years, OptionWeb has grown into one of the leading online brokers.
After launching in 2012, their consumer base is becoming as large as 10,000+ clients.
OptionWeb is the favourite for many traders because of its negative balance protection. Our OptionWeb review discovered that they are an superb alternative for automated trading solutions. It is most appropriate for investors that are looking for an assortment of assets. Social and automated trading options are the core at OptionWeb.
Technology plays a substantial role in OptionWeb. OptionWeb features trading on Binary, Tablet & Mobile apps. OptionWeb is honest, transparent, and a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.
The trader resource department at OptionWeb is quite enlightening for new traders since it allows them to get a closer look at the financial markets. OptionWeb caters to all types of traders and are a must-have broker for any well-diversified approach to trading.
If you feel that OptionWeb is not right for you then at the bottom of this OptionWeb review you wil find a lot of alternatives to OptionWeb.
Everything you should know about trading with OptionWeb
OptionWeb is a lively platform that provides various procedures of trading. These instruments cover the financial markets substantially. Most of the brokerage platforms provide fewer methods than OptionWeb
If you want to exchange with OptionWeb, you'll need a minimum deposit of $200. This deposit is mandatory if you would like to begin trading with OptionWeb. This 2021 OptionWeb review will guide you safely about trading with them.
OptionWeb is as flexible as another brokerage platform. OptionWeb is ideal for traders who want a manageable selection of low-cost services. The platforms supplied by OptionWeb are third-party, white-label offerings. All traders can choose from Binary, Tablet & Mobile apps.
Together with everything, OptionWeb has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction has to be kept available. The brokers provide premium customer service which rewards customers with benefits.
Many less reputable brokers try to pressurise users into larger funding for superior services. OptionWeb, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more benefits will become available.
OptionWeb accounts are available all over the world and provides quality service wherever they have customers. There are a few countries where OptionWeb accounts are not available. Traders in the following countries cannot open or use a OptionWeb account:
BR, KR, IR, IQ, SY, JP, US
Is OptionWeb Safe To Trade With?
Launched in 2012, OptionWeb has been operating for 9 years, they have a head office in Cyprus.
OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that make sure that trading platforms have steps in place to maintain investor's assets procured. This usually means that OptionWeb users don't need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's private information as well.
You can make use of an option for 2 Factor Authentications (2FA) with OptionWeb for increased safety. An SMS for the verification code will be sent to a phone. You'll be asked to enter this code to log into your accounts.
Another concern with financial brokers with regards to security might be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more prevalent in the example of Market Maker brokers who compete with users on the stage.
OptionWeb Risk Disclaimer
Losses can exceed deposits
Pro's & Con's Of Trading With OptionWeb
Every online trading platform has a few ups and downs, and no OptionWeb review would be complete without having a balanced approach. This OptionWeb review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- OptionWeb is trusted by 10,000+ clients
- OptionWeb offers Negative Balance Protection
- OptionWeb has low minimum deposit requirements
- OptionWeb doesn't charge withdrawal fees
- OptionWeb doesn't charge inactivity fees
- OptionWeb doesn't charge deposit fees
- OptionWeb doesn't charge CFD fees
- OptionWeb offers trailing stop
- OptionWeb offer trading on Binary, Tablet & Mobile apps
- OptionWeb offer trading instruments
- OptionWeb trades major forex pairs
- OptionWeb can communicate in English, and Chinese
- OptionWeb does not offer Guaranteed Stop Loss
- OptionWeb doesn't trade minor forex pairs
- OptionWeb doesn't trade exotic forex pairs
- OptionWeb doesn't offer trading on cryptocurrencies
- OptionWeb doesn't offer social trading
- OptionWeb doesn't offer copy trading
OptionWeb Review - Compare Brokers Similar To OptionWeb
|Rating||4.71 / 10||4.15 / 10||6.07 / 10||5 / 10|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F288||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F225|
|Find Out More|
|Risk Warning||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Your capital is at risk|
OptionWeb Review - Regulation And Licencing In More Detail
OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC).
OptionWeb, as a company, has a strong collection of rules for ensuring honest trading onto its own platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
OptionWeb Review - AwardsAt the time of writing this OptionWeb review, and despite OptionWeb’s impressive offering, the company has surprisingly not garnered any other awards to date.
OptionWeb Trading Platforms
OptionWeb are a trustworthy brokerage that has been trading for over 9 years. They offer a wide range of options in their client accounts.
In the following table we take the main parts of any good broker and compare OptionWeb against nsfx, Caveo, and fbs inc
OptionWeb Review - Minimum Deposit Required
The minimum deposit you need to begin on OptionWeb is $200. This is an adequate amount for those just beginning. You can make more complex deposits as you cooperate. But, ensure you know how to make the most of your cash before investing larger amounts.
OptionWeb Review - Commission And Fees Explained
OptionWeb is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker is not necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 types of fees for this purpose.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In such instances, you're paying a spread, funding rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight rates are those that are billed when you maintain a leveraged position for longer than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They're billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, OptionWeb doesn't charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for people who regularly trade, for example daily or weekly trading.
However, non-trading fees charged by OptionWeb are comparatively higher. As a result, you're charged more for non-trading actions in your trading account, like deposits and withdrawal. These are not related to the sale and purchase of resources.
This OptionWeb review breaks down every one of the applicable non-trading charges for you in detail.
Compare broker fees against OptionWeb
OptionWeb Review - Withdrawal Fees ExplainedOptionWeb doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your OptionWeb account. It's possible to draw sums up to the amount of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't necessarily have to have any money on your account.
In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn money will be sent to the card. OptionWeb will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're opting to withdraw in.
OptionWeb Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your mind while open an account with OptionWeb. An inactivity fee is an amount charged to registered dealers who have not participated in buying or selling for a while. The period regarded as inactive is determined by the broker.
The inactivity fee also differs from 1 agent to another and is not standardized. If a dealers account does not have a purchasing or selling trade, it's maintained by the broker as an inactivity fee. The traders need to pay this fee under conditions and terms that they had consented while registering.
OptionWeb doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees have been implied by OptionWeb, it's best for you to close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is exposed to a lot of conditions and needs to be revealed clearly by the agent beforehand.
OptionWeb Review - Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be charged by the broker. Most agents do not charge too much money for this particular operation.
OptionWeb doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the OptionWeb trading platform is easy. You just have to finish a single-user profile survey to start depositing money into your trading account. You'll need to provide an identity proof and evidence of residency to deposit large sums.
OptionWeb Review - Compare Broker Deposit Methods
What Can You Trade With OptionWeb?
Note: OptionWeb offers a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may be different based on the country of residence of the client.
OptionWeb has a wide variety of over instruments available for you to trade with.
If trading forex pairs is of interest to you then OptionWeb offer over currency pairs.
Compare OptionWeb, nsfx, Caveo & fbs inc below.
Reviewing The OptionWeb Mobile App
Note: OptionWeb's mobile app has a lot of functions and is being constantly improved. The below information was correct at the time of compiling this OptionWeb review.
Understand the capabilities of the mobile apps of OptionWeb, nsfx, Caveo & fbs inc below.
OptionWeb Customer Support
For this OptionWeb review we understood the options for customer service as well as response times. the OptionWeb trading platform issue solving effectiveness. OptionWeb support a wide range of languages, including English, and Chinese.
OptionWeb Live Chat Support
We tried the OptionWeb and it worked flawlessly. We have sent messages to OptionWeb livechat through their app and website and received a response after 10 seconds. There was sometimes no response.
We have tested communication via OptionWeb support in multiple languages across multiple countries. OptionWeb were capable of resolving our client's issues.
OptionWeb Phone Support
We called OptionWeb and the call was responded to very promptly. We were able to have the call answered in less than five to ten minutes.
OptionWeb phone support team was able to successfuly answer our queries and problems via phone. We tested the multilingual OptionWeb team by making calls in various languages. OptionWeb made efforts to ensure our queries were answered.
Overall the phone support from OptionWeb was okay.
OptionWeb Email Support
We sent several messages to OptionWeb and answer times overall were satisfactory. The fastest email response time from OptionWeb was 4 hours and the slowest response was 12 days! Sometimes there was no response. Support response times can vary for you at OptionWeb, however, we've had the experience of sending 10 emails at varying times.
The team was able to resolve and answer our questions. Average email support from OptionWeb was good.
Alternatives To OptionWeb
If, after reading this OptionWeb review, they don't fulfill your requirements check out these OptionWeb alternatives.
We've scoured the web to find the best alternatives to OptionWeb. Click the links below to find out more.
Frequently Asked Questions about OptionWeb
Can I try OptionWeb before I buy?
Yes, you can most definitely try OptionWeb before you buy. OptionWeb offers demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you register for a demonstration account on OptionWeb, you may set out using a decent amount of virtual money. It is to establish a sense of safety and confidence in you until you choose to spend your own money.
With this digital OptionWebdemo account, you can experiment in any way, to whatever length you desire. You might also open positions, test different trading strategies, and more.
OptionWeb specifies on its official website that you can exchange real time stocks with your demo account.
Is OptionWeb safe?
It is possible to drop all of your worries because we believe that OptionWeb is totally safe to use. It's in compliance with the principles of Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, OptionWeb does not provide assured stop-loss protection.
Why does OptionWeb ask for my passport?
The reason that OptionWeb asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, OptionWeb has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, OptionWeb must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with OptionWeb?
The process to start trading withOptionWeb is perhaps simple enough to be a cakewalk. You need to begin by signing up on the OptionWeb website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with OptionWeb is $200. You should have a good hold over the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with OptionWeb.
The best way to kickstart your trading career with OptionWeb is to open a demo account facility before risking any real money
What funding methods do OptionWeb accept?
There are a number of ways to finance your account with OptionWeb. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to bear in mind that PayPal is not available in every country. The monies OptionWeb
Is my money safe with OptionWeb?
Yes, your cash is safe and secure with OptionWeb. As you already know, OptionWeb operates with good conformation to. It's established lots of measures to guard all its own investors.
OptionWeb protects its clients' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to enable Two-Step Verification also. It requires an SMS affirmation for you to get your account.
Is OptionWeb trading good?
Yes, trading via OptionWeb is a pleasant and good experience indeed. It is a great and intuitive platform with helpful features for your simplicity. In addition, you can also obtain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.
If you remain skeptical, you can start a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries does OptionWeb support?
OptionWeb operates across the globe. However, due to regulations there are some countries that OptionWeb can't accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is OptionWeb legit?
OptionWeb is a legit company headquarted in Cyprus since 2012. They are regulated by Cyprus Securities and Exchange Commission (CySEC). OptionWeb is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is OptionWeb a good broker?
OptionWeb is a great agent, and its own users can vouch for it. The highlight of the platform is its fast order execution on trades.
You will find the clean design of this platform along with the commendable features a pleasure to work with.
Is OptionWeb a trustworthy broker?
Yes, OptionWeb is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for OptionWeb?
The minimum deposit to open a live account with OptionWeb is $200
How long do OptionWeb withdrawals take?
Normally, withdrawal of money from OptionWeb is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from OptionWeb to show in your bank account.
Are OptionWeb regulated?
OptionWeb are regulated by Cyprus Securities and Exchange Commission (CySEC)
Is OptionWeb a market leading broker?
OptionWeb is indisputably among the business leaders. It has over 10,000+ registered customers and over 9 years of expertise on its record. They're one of the world's top trading platforms and a dominant figure in the Fintech revolution.
It simplifies this standing to its unbelievable platform and wide selection of tools plus resources so that you may put money into capital markets.
Is OptionWeb a con?
No, OptionWeb is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that OptionWeb is not a scam.
Can you make money with OptionWeb?
Using OptionWeb, many traders earn a lot of cash. But typically, through continual trading, you also can create between 2% - 10% profit a month.
This may seem like a little number, but over the year, this adds to a significant number of gains. Even though OptionWeb supply you all of the tools to make money, they can't guarantee that you will profit.
Does OptionWeb have fees?
Yes. To begin trading with OptionWeb, you need to deposit $200. Particular commissions while trading additionally applies. Any processing fees from your bank might have to be incurred by you.
When was OptionWeb founded?
OptionWeb was founded in 2012 in Cyprus. OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC).
How many people use OptionWeb?
OptionWeb is a globally recognised broker with 10,000+ customers.
Where is the OptionWeb head office?
OptionWeb has its head office in Cyprus
Does OptionWeb offer negative balance protection?
Yes, OptionWeb has Negative Balance Protection. It is especially offered when the industry volatility keeps clients from letting their account go in the red. In a situation like this, OptionWeb offers the ability to reset a customers account balance to zero.
You are able to go through the important terms and conditions on OptionWeb's site to understand their policies better.
Does OptionWeb offer guaranteed stop loss?OptionWeb regrettably, doesn't offer guaranteed stop loss. OptionWeb gives an opportunity to its dealers to close their trades at their specified price. Aside from that, OptionWeb does not provide guaranteed stop loss.
Does OptionWeb allow scalping?Yes, OptionWeb do permit scalping. Several traders across the world choose OptionWeb for their scalping services. They offer trading on Binary, Tablet & Mobile apps which let this.
Does OptionWeb allow hedging?
Yes, OptionWeb does allow hedging.
Can you trade energies with OptionWeb?
Yes, you can trade energy stocks with OptionWeb
Can you trade agricultural shares with OptionWeb?
Yes, you can trade agricultural stocks with OptionWeb
Can you trade cryptocurrency with OptionWeb?
No, unfortunately you cannot trade cryptocurrency with OptionWeb
Can you trade metals with OptionWeb?
Yes, you can trade metals with OptionWeb
Can you trade UK Shares with OptionWeb?
Yes, you can trade UK shares with OptionWeb
Can you trade US Shares with OptionWeb?
Yes, you can trade US shares with OptionWeb
Can you trade Japanese Shares with OptionWeb?
Yes, you can trade Japanese shares with OptionWeb
Can you trade German Shares with OptionWeb?
Yes, you can trade German shares with OptionWeb
Does OptionWeb accept bank transfers?
Yes, OptionWeb accepts bank transfers for depositing money.
Does OptionWeb accept credit cards?
Yes, OptionWeb accepts credit cards for depositing money.
Does OptionWeb accept PayPal?
No, OptionWeb does not accept PayPal.
Does OptionWeb accept Skrill?
No, OptionWeb does not accept Skrill.
Does OptionWeb accept Payoneer?
Yes, OptionWeb accepts Payoneer for depositing money.
Does OptionWeb accept Neteller?
No, OptionWeb does not accept Neteller.
Does OptionWeb offer Live Chat customer support?
Yes, OptionWeb offers customer support through live chat.
Does OptionWeb offer phone customer support?
Yes, OptionWeb offers customer support over the telephone.
Does OptionWeb offer email customer support?
Yes, OptionWeb offers customer support through email.
What languages can OptionWeb communicate in?
OptionWeb has the ability to communicate and support customers who speak: English, and Chinese
Does OptionWeb have a wikipedia page?
No, OptionWeb does not have an official wikipedia page.
Does OptionWeb offer demo accounts?
Yes, OptionWeb offers virtual portfolio accounts so you can learn their systems before risking any real capital. Newbie traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before signing up for a live account.