OptionWeb is a regulated binary options broker that has a CySEC licence and offers a high quality, fair and safe brokerage service to investors. In compliance with regulations, OptionWeb keep their traders’ funds in segregated accounts for the greatest protection and security, making this broker a reliable and reputable choice. Having been founded in 2012, this broker has plenty of experience in the financial industry and allow traders from all over the world to register for an account, except for those based in the United States. If you are looking for your first broker for your initial forays into binary options trading or if you are looking to switch to a different broker, this OptionWeb binary options broker review will give you all the vital information and facts that you require to make an informed decision as to whether or not this could be the right broker to suit your requirements.
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OptionWeb Account Types and Trading Options
OptionWeb offer a number of different account types, tailored to the needs of a variety of investors. Their basic level Starter account requires a deposit of between $200 and $1000 and offers returns of 70% up to 83% on investments. Trades can be made up to $50 and there are more than 80 asset types available to holders of this account. Those who are ready to take the next step can open a Standard account with a deposit of between $1000 and $3000. In return, they will receive returns of between 70% and 83% and they can trade up to $100 per trade. There are over 120 assets available for trading for holders of this account and they will also receive other benefits such as economic indicators, market reviews, access to a demonstration account and basic training and coaching. More experienced traders will appreciate the Silver account which can be opened with a deposit of $3000 to $10,000. Trades up to $300 can be made on a range of more than 180 assets and a host of other advantages also come with this account type including market reviews, higher level coaching and training, economic indicators and signals, account interest rates of 3.5% and quicker withdrawal processing. The Gold account can be opened with a deposit of between $10,000 and $50,000 and this higher level account gives access to the broker’s VIP area where returns of 75% up to 88% can be gained on investments. Trades can be made up to $500 and the full range of assets can be accessed. Interest of 5.2% is given on the trading account and account holders can benefit from advanced training and coaching resources. For experienced and professional traders, the Platinum account, which requires a deposit of $50,000 to $150,000 is ideal. A comprehensive range of assets are available for trading with payouts of 90%. In addition, account holders can enjoy interest of 5.5%, personalised portfolio reviews, 24 hour withdrawal processing, unlimited access to coaching and training resources as well as direct contact with a senior analyst.
The lightweight OptionWeb trading platform requires very little in the way of computer resources making it a fast and accessible interface. Firefox or Chrome browsers work best with this broker’s website however there is also a downloadable app available from the major app stores which allows for trading on the move. The trading platform has a good choice of options available including traditional High/Low, long term trades, pairs and rapid trading options. Expiry times vary and traders can choose from as short a period as 30 seconds right up to end of day trades to suit their personal preferences. The trading platform also includes a technical analysis graphical tool which is extremely useful for more experienced investors.
Optionweb Customer Support and Deposit and Withdrawal Options
OptionWeb offer standard customer support 24 hours a day, five days a week. Their website outlines telephone helpline numbers in Cyprus, the UK, Italy and France, or alternatively, customers can contact the support team through email or via the convenient live chat facility found on the website. Support is provided in three different languages for the convenience of clients including English, Italian and French.
OptionWeb’s banking procedures are extremely efficient and secure thanks to the SSL encryption provided on all transactions. Deposits can be made via credit card, bank wire transfer or popular online e-Wallet methods like MoneyBookers and Skrill. Deposits are credited immediately to the account in the case of credit cards and e-Wallets, however bank transfers may take as long as five days before cleared funds show in the account. There are no charges levied on deposits through any method except bank wire transfers and when choosing this method, it is also important to note that there is a fee of $25 levied on small withdrawals too. Withdrawal processing times depend on the account type opened, with basic accounts taking between 3 and 5 days for processing to take place and the highest level premium account processing withdrawals within 24 hours. Withdrawals are credited in the same method as the deposit was made up to the value of the deposit, with any extra profits and bonuses being withdrawn through the bank wire method. There is no minimum level set on a deposit amount made by bank wire transfer, however there is a cap on amounts paid in using a credit card – $5000.
Overall, OptionWeb have plenty to offer both new and experienced traders, especially in their range of account types to accommodate all levels of experience. Their selection of withdrawal and deposit methods is very good and there are plenty of tradable assets to keep even professional traders happy. The unique feature of providing interest on higher level trading accounts is also an added bonus that increases the appeal of this broker.