OptionWeb Review

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OptionWeb (website) is founded in 2012 with the company name Lionsman Capital Markets in Cyprus. The company is the first binary options broker that is regulated by the Cyprus Securities Exchange Commission (CySEC).

Figure; Optionweb Regulation by CySEC

OptionWeb Trading Conditions

Optionweb features different trading conditions suitable for newbies, professional traders to account managers. The trading conditions you get at Optionweb depend on your total accumulative deposits. The more deposits one makes, he/she is moved to an account type of a higher level with better trading conditions. Let us look at each account type and its benefits below (every higher account level also comprises of the benefits of the previous account type);

Figure; Optionweb Starter Account Type

Figure; Optionweb Standard Account Type

Figure; Optionweb Silver Account Type

Figure; Optionweb Gold Account Type

Figure; Optionweb Platinum Account Type

Figure; OptionwebDiamond Account Type

The diamond account opens way for customized trading conditions to suit the trader but also requires a cumulative payment of not less than EUR 250000. Below is the starter, standard, silver, gold and platinum account types comparison;

Optionweb Account Types Comparison

Figure; OptionwebAccount Types Comparison Table

One of the unique features – broker offers to silver, gold and platinum account holders is a monthly interest rate calculated according to the balance of the account. Unfortunately, Optionweb does not offer a free demo account to every user; with starter accounts having no access, standard accounts limited to a 2 week demo while silver accounts limited to a 1 month demo account.

Deposits and Withdrawals

Optionweb accept Credit/Debit Cards, Wire Transfer, Skrill, Neteller, Neosurf, paysafecard

Optionweb Trading Platforms

Optionweb binary options broker offers a downloadable desktop version, web-trader as well as mobile trading platforms.
Option Desktop Trading Platform

Figure; OptionwebDesktop Trading Platform

Features of Deskop Platform:

• View all open positions
• View historical transactions
• View account details
• News
• Traders sentiment (percentage of traders who have purchases a call option versus those who have purchased a put option)
• Line and candlestick charting

Limitations

• Lack of technical drawing tools
• Lack of technical indicators
• No option to customize the theme or chart templates

Optionweb Web Based PIatform

Figure; Optionweb Web-based Trading Platform

Features of Optionweb Web-based Platform

• Candlestick and line charts
• Ability to tile windows
• Multiple timeframes
• Indicators available; SMA, EMA, RSI, Bollinger Bands and ATR
• Traders sentiment (percentage of traders who have purchases a call option versus those who have purchased a put option)

Limitations

• No technical drawing tools available
• Limited charting area

Broker  also allows trading via its mobile trading applications for Android and iOS.

Figure; Optionweb Mobile Trading Platform for Android

Optionweb Bonuses/Promotions

Figure; OptionwebBonus

Optionweb binary options broker is currently running an offer with no conditions attached. The offer refunds the bet of your first trade if it ends up being a loser. The maximum refundable amount depends on the account type as follows;

• EUR 50 for a starter account
• EUR 100 for a standard account
• EUR 300 for a silver account

Sponsorship

Figure; Sponsorship Program

Optionweb binary options broker offers a risk free EUR 100 cash to any person who introduces a new investor to them. Once you introduce new investors to Optionweb, they need to enter your email address as a sponsor for you to receive the free EUR 100. In return, they also receive a EUR 100 bonus to their accounts.

Education

Optionweb offers a free technical analysis ebook, webinars, news, daily reports, economic calendar as well as other trading tools as shown below;

Figure; Education Material and Trading Tools

Optionweb’s web-based platform is resourceful to newbie traders since there is an explanation for each type of option on the “How to trade section” as shown below;

Figure; How to Trade Section of the Web-Based Trading Platform

Optionweb Pros and Cons

Pros

• Optionweb is a regulated binary options broker
• Optionweb provides several payments method to choose from
• Three base currencies to trade with; EUR/USD/GBP
• Bonuses are available
• Education and several trading tools are available
• Mobile trading, desktop platform and a web-based platform
• Five types of options to choose from
• Different account types to choose from

Cons

• Does not accept US and Canadian clients as well as clients from several other countries
• Optionweb does not provide a free unlimited demo account
• Trading platforms lack a variety of analysis tools and indicators

Optionweb Customer Support

Support available via:

• “Contact-us” web form,
• Phones
• LiveChat
• email
• Address: 18 Evagora Papachristoforou, Petoussis Bros Building – 4th Floor, CY-3030 Limassol

Conclusion

Optionweb is a decent binary options broker offering various resources to traders. However, lack of a free demo account makes it lag behind other top binary options brokers. Trading on Optionweb would be ideal for someone looking to fund an account and begin trading right away.

Now, everything seems OK with “Optionweb” however “ProfitF team” will keep monitoring this broker and update this review if any changes take place.