OptionWeb offer one way to trade: Binary Options.
To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, OptionWeb offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by CySEC (Licence: 175/12). OptionWeb puts all client funds in a segregated bank account and uses tier-1 banks for this. OptionWeb have been established since 2012, and have a head office in .
Before we dive into some of the more detailed aspects of OptionWeb’s spreads, fees, platforms and trading features, you may want to open OptionWeb‘s website in a new tab by clicking the button below in order to see the latest information directly from OptionWeb.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are OptionWeb's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on OptionWeb’s website. The colour bars show how competitive OptionWeb’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USDNot offered $0 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPYNot offered $0 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USDNot offered $0 per lot
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$0.00||$5.00||$9.40|
|Total cost of a 100k trade:||$0||$12||$15.4|
|+$12.00 more||+$15.40 more|
|Visit OptionWeb||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with OptionWeb?
|FX / Currencies||OptionWeb||AvaTrade||Plus500|
|# of forex pairs offered||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes|
|Exotic forex pairs||Yes||Yes|
|# of commodities offered||16||17|
|Indiced & Stock CFDs||OptionWeb||AvaTrade||Plus500|
|# of Stocks offered||99||1816|
|See OptionWeb's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What's the OptionWeb trading experience like?
1) Platforms and apps
OptionWeb offer a user-friendly custom trading platform, available as both a downloadable program or as a broswer based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.
OptionWeb also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.See OptionWeb's platforms
2) Executing Trades
With OptionWeb, the minimum and maximum trade requirements vary depending on the trader and the instrument.
As a market maker, OptionWeb may have lower entry requirements compared to a ECN broker who benefit from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, OptionWeb offer margin up to 0% on currencies.
Finally, we‘ve listed some of the popular funding methods that OptionWeb offers its traders on the right.
3) Client support
OptionWeb support a wide range of languages including English, French, Italian
OptionWeb have a BrokerNotes double AA support rating because OptionWeb offer over three languages,
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.optionweb.com/ on March 13, 2018.