OPTIONWEB Review
Being the first to do something can have its benefits, and this is certainly the case with OptionWeb.com. Even though binary options have been around since 2008, it has taken regulators and the legal system some time to come to terms with the novel financial instrument and formulate appropriate responses. Even though OptionWeb (OW) emerged onto the market in 2012, they now hold the distinction of being the first binary option broker to be granted a license to operate across Europe. This accomplishment was achieved despite the fact that they originally came onto the scene in 2012. Doing business with them today offers more safety thanks to the scrutiny of regulatory agencies and the protection offered by recently passed regulations. All deposits from customers are required to be held in accounts that are distinct from the company’s working capital, and in addition to this requirement, Cyprus possesses its own own deposit insurance protection system. OptionWeb is a trading name used by Lionsman Capital Markets Ltd., which is an investment firm located in Cyprus that is licensed and regulated by CySEC under the number 175/12.
OptionWeb provides a comprehensive product range in addition to the traditional basic Put/Call fare by adding one-touch and 60-second options. Safety and security are difficult to come by in a new market, but OptionWeb offers a complete product line. Their Option Builder tool enables users to modify a variety of characteristics, including those pertaining to payout, rebate, and expiration period, in order to create a fully customized product. Payouts can reach as high as 85%, and rebates can reach as high as 10% for certain asset categories, and higher account classes are eligible for even better plan options. A win in a one-touch option can also yield a reward of up to 600% in some cases. OptionWeb’s versatile trading platform enables users to take advantage of popular features such as Buy-me-out, Rollover, and Double-Up, which are often exclusive to the services provided by a restricted set of brokers. The available assets include the typical wide range of popular options and number 180 as of this writing.
The trading platform utilized by OptionWeb is a modification of the extremely well-liked SpotOption platform. The trend, historical pricing history, and risk details are all readily apparent; however, OW enhances their method with a user-friendly interface that assists you in monitoring all of the action, including open positions as well as possible chances. There are six different sorts of accounts. Each one comes with a devoted account manager, and a free demo system that includes the five most common categories is included as well. OptionWeb will even give you monthly interest of 4.5% and above, depending on the type of account you have, as an additional incentive on top of the fact that they will guarantee your original trade. We regret to inform you that at this moment, we are unable to serve customers from the United States. You may expect all of these perks and more when you trade at OptionWeb.com, including safety, security, flexibility, and big payoffs.
FEATURES AT OPTIONWEB
The following is a list of the defining characteristics provided by the OptionWeb.com website:
• First binary options broker to get a license to operate across Europe from CySEC, with monitoring from the Financial Services Authority in the United Kingdom, the Autorité des Marchés Financiers in France, and the Consob in Italy;
• Customer deposits segregated in different accounts per regulatory regulations;
• There are 180 different assets to choose from, including major categories such as currency pairs, commodities, indices, and stocks;
• High payoffs of up to 85% with rebates of up to 10% — One-Touch options can pay as much as 600% in some cases. Additionally, the possibility of larger payouts with higher account options;
• The Option Builder function enables users to customize a wide range of risk criteria;
• The OW trading platform provides a professional user experience in addition to the capabilities of Close, Rollover, and Double Up;
• Six account categories with varying benefits depending on account size – Starter: 200€; Standard: From 1,000€; Silver: From 3,000€; Gold: From 10,000€; Platinum: From 50,000€; Diamond: From 200,000€ – The last three include VIP benefits; Free Demo account beginning with the Standard account class and increasing in price.
• The minimum deposit is either 200 US Dollars or 200 Euros, and there are a variety of payment methods available;
• Payments of special interest at a rate of 4.5% or more per month for accounts with substantial balances;
• A specialized account manager is provided for each and every one of your accounts;
• A comprehensive inventory of trading tools and support, including commentary, an economic calendar, and other features;
• Live chat, email, and phone support for customers are all offered as options for customer care.
PLATFORMS
The SpotOption offering, which has gained popularity in the industry, is the foundation upon which the OptionWeb trading platform is built. In addition, there are a few unique features that have been added to the platform, which will increase your flexibility and make your trading experience more enjoyable. The platform relies on the web. Because there is no requirement for downloads, anyone who has access to the internet can engage in trading. Additionally, support is provided for mobile trading. The professional interface also enables you to view potential chances with just one click, as well as keep tabs on your trading activities, which is also a feature. Your session activities and any personal identification information you enter are kept confidential thanks to the most recent SSL encryption protocols, which use 128-bit encryption.
DEPOSITS AND WITHDRAWALS
Deposits can be made in either US Dollars or Euros, and all major credit and debit cards can be used to make the transaction. In addition to that, banking wire transfers, Shrill, and Neteller are supported, in addition to a wide range of other alternative payment options. Withdrawal requests are processed quickly, and customers with higher account levels have the option of selecting expedited delivery for their withdrawals. Before any withdrawal request may be processed, the required identity information for anti-money laundering must be on file. This need is imposed at the international level. At this time, we are unable to serve customers from the United States.
SUPPORT FOR CUSTOMERS
Accounts come with a dedicated account manager who is there to help you with any questions or concerns you may have. Live chat, email, and a direct phone line to any one of their numerous satellite offices are all available ways to get in touch with the employees around the clock, seven days a week. There is a variety of support materials, some of which include frequently asked questions, trade fundamentals, an economic calendar, further analytical and charting tools, and market commentary.
Everything you need to know to make informed decisions when trading with OptionWeb
OptionWeb is a dynamic trading platform that gives users access to a variety of different online trading strategies. Considerable coverage of the monetary markets is provided by these products. The majority of online brokerage platforms provide a smaller number of trading methods than OptionWeb.
OptionWeb mandates a minimum deposit of $200 from traders before they are allowed to participate in the market. If you are interested in beginning trading with OptionWeb, you are required to make this deposit. This 2022 review of OptionWeb will provide you with clear direction regarding trading with them.
OptionWeb’s broker platform is just as adaptable as any other on the market. Traders who are looking for a manageable selection of low-cost services may benefit greatly from using OptionWeb. OptionWeb only provides white-label versions of applications that were developed by other companies. Apps for binary trading, tablets, and mobile devices are all available to traders.
In addition to everything, OptionWeb offers multiple advantages to both new and experienced traders, and it is recommended that you look into it. There is no predetermined minimum amount of time that a deal has to be kept open for. The agents provide high-quality customer service that is accompanied by a variety of incentives for the clients.
There are a lot of unethical brokers out there who try to pressure customers into paying more money for better services. On the other hand, OptionWeb is more concerned with the overall volume of trades. Dealers should anticipate that the trading conditions would be honest, fair, and transparent. The user will receive an increasing number of rewards in proportion to the quantity of lots that they trade.
Accounts with OptionWeb can be opened in every country on the planet, and the company is committed to provide superior support in every market in which it operates. There are a few countries, while very few in total, that do not have access to the OptionWeb platform. Traders located in the following countries are unable to establish an account with OptionWeb or use their accounts:
Brazil, the Republic of Korea, Iran, Iraq, the Syrian Arab Republic, Japan, and the United States of America are the countries in question.
Is it safe to use OptionWeb?
When selecting a broker such as OptionWeb, it is essential to take into consideration the administrative body and regulatory status of the broker. When there is no oversight from a regulatory agency, it is up to the discretion of the broker to decide whether or not to execute a trade. Putting your money into the stock market puts it at risk.
OptionWeb’s headquarters are located in Cyprus, where the company was established in 2012 after having been in business for a decade.
OptionWeb is subject to regulations. This indicates that the Cyprus Securities and Exchange Commission (CySEC) regulatory authorities are in charge of monitoring OptionWeb and checking the company’s behavior for compliance.
Because of the laws that are in place, it is extremely unlikely that regulated brokers will attempt to manipulate market pricing. This will be fulfilled when you submit a request to OptionWeb to withdraw funds from your account. If OptionWeb were to break any of the regulatory guidelines, they risk having their regulated status revoked.
Losses can exceed deposits
Is OptionWeb a worldwide service?
OptionWeb is a global platform because it is offered in over 192 countries throughout the world.
OptionWeb is a global trading platform since it is active in 192 countries all over the world, including countries in Africa, Asia, Oceania, and Europe. OptionWeb’s coverage extends to a number of important nations, including the United Kingdom, Germany, Australia, South Africa, Thailand, and China. OptionWeb currently serves more than 10,000 active customers.
The minimum required deposit for OptionWeb
When opening a trading account with OptionWeb, a minimum deposit of two hundred pounds, dollars, or euros is required from the trader.
OptionWeb stipulates a certain minimum sum of money, referred to as a “minimum deposit,” as a condition for opening a new online brokerage account with them.
Don’t let the fact that some brokers, like OptionWeb, require a minimum deposit to create a trading account deter you from opening one. Brokers who need larger minimum deposits almost always provide additional premium services on their platforms, which are not offered for free on other platforms but are available for a fee on their own.
Brokers that need lower minimum deposits typically cater to a more mainstream clientele that does not require some of the more technical features and research tools. This type of clientele is more likely to have more disposable income.
Brokers who do not require minimum deposits typically do so in order to entice new clients to sign up with them. Since they are required to provide returns in some fashion, the transaction commissions and other trading fees associated with accounts with low minimum deposits are likely to be higher.
It is common practice for brokers who need a higher minimum deposit amount to provide clients with access to a wider variety of trading capabilities on their respective platforms. These brokers typically have research and analytical tools that are more in-depth and technically advanced, as well as stronger risk management functions.
The minimum deposit required to start a live trading account has decreased as a result of the increasing number of online trading platforms that have joined the market. This is due to the increased number of brokers that are competing for new customers.
Some brokers ask a minimum deposit that is as high as 6,500 GBP or USD, depending on the type of trading account you choose to open with them. There are some brokers who are able to reach as high as 10,000 GBP/USD.
Fees for Inactivity on OptionWeb
Inactive accounts are not subject to any fees when used with OptionWeb.
The customer of a registered brokerage may be subject to a cost known as an account inactivity fee.
Clients may be required, according to the terms and conditions of their accounts, to satisfy certain trading activity requirements that may be imposed by their brokers.
In the event that a client’s trading account does not have any buying and selling activity for the duration of time specified by the broker, the client may be required to pay an inactivity charge.
There are other types of accounts besides online trading accounts that can incur inactivity penalties. There are many companies that provide financial services, and some of them may levy inactivity fees. Please examine the website of the broker to ensure that you are aware of and content with all of the services and fees that may be charged to you and that you have done so.
If you no longer intend to use your trading account, contact the customer support for your broker to have it closed. In addition to that, double check that you have a confirmation that there are no outstanding costs to pay.
An inactivity fee is something that, depending on the kind of account you have signed up for, you may or may not be subject to paying under specific conditions. As part of the regulations that apply to brokers, they are expected to make clear disclosures on any inactivity costs.
In an effort to recoup revenue lost due to the absence of commission fees from your trading, some brokerage firms may levy inactivity fees as a compensation for maintaining your account on their pricey trading platforms. These costs are intended to cover the cost of maintaining your account.
Deposit Fees for OptionWeb.com
OptionWeb does not levy deposit fees. Despite this, fees from your bank or a third party merchant can be assessed.
When you deposit money from your payment method into your trading account, you should always check the fees associated with the deposit because certain brokers may charge you a fee. This is due to the fact that the mode of payment that you use to fund your account may come with an associated cost.
When you deposit a certain type of fiat cash into your account, you can be subject to a fee that is always the same amount. Depositing payments from a credit card, for instance, is notorious for having high costs associated with it. This applies only in the event that your broker allows you to fill your account with a credit card.
Commission Payments Required for OptionWeb
Commission fees are assessed on CFD instruments traded through OptionWeb.
When a broker facilitates the buying and selling of financial assets through your trading account, the broker may assess a commission fee in addition to the standard trading fees as a kind of a service charge.
It’s possible that the majority of a brokerage house’s revenue comes from the commission fees they charge registered traders on client transactions.
The trading type, the type of financial asset, and the amount of trading account that you have can all have an impact on the commission costs that you are charged.
If the brokerage fulfills an order, cancels an order, or modifies an order on your behalf, you will be responsible for paying a broker commission.
In most cases, the commission fee will not be assessed if your brokerage is unable to fulfill a market order.
Be advised that if your order is changed or canceled, the brokerage that handled the transaction can charge you a commission fee.
More Specific Information Regarding Regulation and Licensing
Cyprus Securities and Exchange Commission is the organization that oversees OptionWeb (CySEC).
As a corporation, OptionWeb has a robust set of guidelines that traders on its own platform must adhere to in order to conduct fair business. A secure socket layer, which is the industry standard, is provided by it so that data can be encrypted (SSL).
Client information is not to be disclosed to any other organizations or persons, as specified by the firm’s privacy legislation, in compliance with the policies of the company. Include your credit history as well as any other relevant financial details.
OPTIONWEB: THE FINAL CONSIDERATION
OptionWeb holds the distinction of being the first binary options broker to be regulated and to be granted a European license that is comprehensive and applies to the entire region. This achievement earned them the name “first in the world.” The company, in contrast to many brokers that have left the Cyprus scene, has welcomed a more robust attempt at regulatory oversight by the CySEC. They have also developed a comprehensive range of asset options, promotional programs, and trading platform features that are superior to those provided by the majority of brokers operating in the market today. In addition to garnering a lot of accolades, the company is lauded for its capacity to continuously innovate and enhance the quality of the services that it provides. OptionWeb appears to have the upper hand in today’s highly competitive binary option market due to the fact that safety, security, and flexibility are some of its trademarks. Payoffs are among the most competitive in the industry.