|Option Web is a great EU binary options broker, powered by SpotOption. Read our review below.
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Option Web is a regulated broker under the management of a Cyprus based company called Lionsman Capital Markets Ltd. Option Web is regulated by several organizations including CySEC and the FCA. Founded in 2012, they have already started to gain positive compliments from many traders around the world. They offer more than 190 tradeable assets and do not charge any commission for the trades you place. The average payout for the standard options at OptionWeb ranges from 83% – 90% depending on the level of account.
Option Web Platform Review
Option Web is powered by Spot Option that features 6 types of options including standard call/put, pairs, long term, short term, one touch and forex. Both the web based and downloadable desktop based SpotOption trading platforms are available. The long term options have an expiry of up to 1 year while the short term options have an expiry as short as 1 minute. The Double Up feature allows you to replicate a profitable trade with all the same parameters to increase your profits by twice.
The Roll Forward feature appears about 15 minutes prior to the expiry of your option. Using the Roll Forward feature enables you to extend the option by one more period. This feature is useful if you can see that your option is going to be out of money. The Buy-Me-Out feature allows you to sell the option before it expire. Option Web also support an Android and iOS compatible mobile platform so you can conveniently check your trades when you are on your mobile phone.
Option Web Trading Account
When researching for this review, we found out that Option Web offers different types of accounts:
The Starter account requires a combined payment starting from $200. Starter account’s members can only choose from 80 types of assets. The combined payment requirement for Standard account is $1,000 and Standard account’s members will get to choose from 120 assets. Silver account, also known as Paid account, has a combined payment requirement starting from $3,000. Gold account is for traders that are interested in making a combined payment of at least $10,000. Platinum account is for traders who intend to make a combined payment of at least $50,000. Diamonds account is designed for traders who want to make a big combined payment of at least $250,000. Customers of Silver, Gold, Platinum and Diamonds account will have access to the full range of 180 types of assets.
OptionWeb Education Center
There is a free ebook that provide basic guide on binary options trading and the important features on the trading platform. They also provide up to date news in the binary options market and daily reviews. The economic calendar records all the important events and you can make use of it to analyze the market. If you need help in studying and analyzing the graphs and charts, there is always a graphic expert ready to help you.
Deposits & Withdrawals
OptionWeb offers the two most common deposit/withdrawal methods which are credit/debit cards and bank wire. They also support other alternative deposit/withdrawal methods including Skrill, Neteller, Neosurf and paysafecad. They do not charge any fee for traders who want to make a deposit or withdrawal. Bank wire deposit only support transfers in two currencies including Euros and Dollars and it will takes 5 days for a bank wire deposit to arrive in your account. The withdrawal request is processed in between 1 – 5 days depending on the account level you sign up.
You can contact OptionWeb’s customer support by 3 ways including email contact form, telephone number, and live chat. Their customer support is open most of the time in weekdays. The website layout support 6 languages including English, Dutch, Spanish, French, Italian, Netherlands and Russians. They have a FAQ section that addresses questions in different areas such as platform, deposit/withdrawal, and account registration. There is a large video library and you can also take part in the interactive school.
Is Option Web a good broker?
As you see in this review, Option Web is a reliable binary options trader that has been authorized to operate in all Eurozone jurisdictions. They regularly organize trading contests with attractive trading prizes to help traders improve their trading skills.