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OptionWeb Review

  • Regulated by: CySEC
  • Safety: segregates client funds
  • Trust Rating: B
Open OptionWeb's Website

Losses can exceed deposits. Your capital is at risk.

OptionWeb one way: 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.

Open a demo account Visit OptionWeb

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Your capital is at risk.

OptionWeb screenshot

PROS

  • Segeregates client funds
  • Established in 2012
  • Regulated by CySEC
  • Min. deposit from $200

CONS

What are OptionWeb's spreads & fees?

Like most brokers, OptionWeb take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum fixed 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.

OptionWeb variable spread is not available. If you believe this is incorrect please fill in our form

Speads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, OptionWeb's minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with OptionWeb vs. similar brokers.

See all Spreads Your capital is at risk.

How much does OptionWeb charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with OptionWeb at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against Plus500 & AvaTrade.

OptionWeb Plus500 AvaTrade
Spread from: $0.00 $6.00 $7.00
Typical overnight fee: $0.00 $9.40 $5.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $0 $15.4 $12
$15.40 more $12.00 more
Visit OptionWeb Visit Plus500 Visit AvaTrade

Your capital is at risk. All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018.

General Fees

  • OptionWeb doesn’t charge inactivity fees*
  • OptionWeb doesn’t charge withdrawal fees*

Commissions

  • OptionWeb does charge commission on CFD shares

What can you trade with OptionWeb?

FX / Currencies OptionWeb Plus500 AvaTrade
# of forex pairs offered 61 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs OptionWeb Plus500 AvaTrade
# of commodities offered 17 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs OptionWeb Plus500 AvaTrade
# of Stocks offered 1816 99
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See OptionWeb's Instruments See Plus500's Instruments See AvaTrade's Instruments
Your capital is at risk.

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 Screenshot See OptionWeb's Platforms

OptionWeb also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See OptionWeb's platforms Your capital is at risk.

Trading Features:

  • Low min deposit

Accounts offered:

  • Demo account
  • Standard account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

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 an ECN broker who benefits 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.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Skrill
  • Neteller

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

4) What you’ll need to open an account with OptionWeb

As OptionWeb is regulated by CySEC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore OptionWeb’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with OptionWeb you can visit their website here.

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 21, 2018.