• First binary options broker to receive a license from CySEC to operate across Europe, including oversight from FSA (UK), AMF (France), and CONSOB (Italy);
  • Does NOT accept US Clients
  • High payoffs up to 85% with rebates up to 10

 

Broker Info

Company Name:

OptionWeb

Website: OptionWeb.com
Country: Cyprus
Year established: 2012
Broker Services: Binary Options
Assets offered: 180
Min deposit: $200
Payout: up to 85%
Funding methods:
  • All major credit and debit cards, Banking wire transfers, Skrill, and Neteller are also supported, along with many other alternative payment services;
Platform Info
Trading platform: SpotOption
Mobile trading: Yes
Web based: Yes

OptionWeb Review

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History and Background

If you only want to pick from a small group of leaders in the binary option space, rather than take a flyer with smaller, inexperienced firm, then Optionweb.com (OW) may be the broker that will end your search. Founded in 2012 and operating out of Cyprus, OW also has the distinction of being the first binary option broker in the Eurozone to be given a full operating license across the region. CySEC is the primary regulator, but the FCA in the UK,  along with may other national bodies, add to the oversight for your protection. Your deposits are also always segregated in separate accounts and protected by the Cyprus Investor Protection Fund.

Safety and security, however, are not the only hallmarks of this firm. They receive high praise from reviewers at large for continually upgrading their services, in response to what is best for their clients. Asset choices number 180 at this writing, and options span the gamut from variable long-term, to turbo short-term and highly lucrative One-Touch varieties.   Payoff ratios and rebates are at the top end of the value chain, hitting 85% and 10% in some cases, with even better payoffs for higher account classifications, which total six in all. The education center is broad, designed for both beginner and veteran alike, and trading tools include Early Close, Rollover, and Double Up features.

The management team at OW has chosen the popular SpotOption trading platform. OW has also augmented this system with formatting features that help keep you informed of all the action in the market, with color-coding highlights to indicate market directions and changes. Higher deposits in the upper account classifications also earn interest, an innovative feature, but nearly all accounts come with a dedicated account manager and demo account. OptionWeb does not accept U.S. clients at this time, and it is a trading name of Lionsman Capital Markets Ltd, a Cyprus Investment Firm authorized and regulated by CySEC with license number 175/12.   

Features

  • Founded in 2012 and headquartered in Limassol, Cyprus;
  • First binary options broker to receive a license from CySEC to operate across Europe, including oversight from FSA (UK), AMF (France), and CONSOB (Italy);
  • Customer deposits segregated from operating accounts in compliance with regulatory standards;
  • 180 asset choices, including Currency Pairs, Commodities, Indices, and Stocks;
  • High payoffs up to 85% with rebates up to 10% -- One-Touch options can pay as high as 600%. Also, higher payouts possible with higher account options;
  • Option Builder function allows for customization of various risk parameters;
  • OW trading platform is an enhanced version of SpotOption’s popular system, together with Early Close, Rollover, and Double Up features;
  • Academic Centre includes a host of trading tools and support, including commentary, economic calendar and more;
  • Customer service available through live-chat, email, and direct phone.

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Accounts

  • Six account categories (benefits vary 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€ – VIP benefits included for last 3 types; Free Demo account from Standard account class and up;
  • Special interest payouts of 4.5% monthly or higher on large balance accounts;
  • All accounts come with a dedicated account manager;
  • No U.S. clients are accepted at this time.

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Transactions

  • Minimum deposit = 200 USD or EUR;
  • All major credit and debit cards are accepted;
  • Banking wire transfers, Skrill, and Neteller are also supported, along with many other alternative payment services;
  • Withdrawal requests are handled quickly, with expedited delivery offered for the higher account ranges;
  • Internationally mandated personal ID information must be on file before withdrawal requests can be approved and processed.

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Platform

The OptionWeb trading platform is the familiar SpotOption offering, enhanced with a few proprietary and unique features. Color-coding is used extensively to provide a quick read on market activity, and tracking your ongoing activity has never been easier, as a single click will bring up anything that you may need to enhance your trading experience. The system is web-based. No downloads required. If you can access the Internet, then you can trade. A mobile trading application is also available for those on the go.

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Information

Support materials are in abundance and include FAQs, trading basics, an economic calendar, additional analysis and charting tools, and market commentary.

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Support

Nearly all accounts come with a dedicated account manager for added assistance in all matters. The support staff is available 24X7 via live chat, email, and direct phone line to one of their many satellite offices. 

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Safety

Your deposits are always segregated in separate accounts and protected by the Cyprus Investor Protection Fund. The latest in 128-bit SSL encryption techniques keeps your session activity private and your personal identification information secure. 

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Conclusion

OptionWeb is definitely at the head of the class in the binary brokerage industry. Review sites rate their services between 4.5 and 5.0, a rarity in today’s highly competitive marketplace. They also have distinguished themselves by being the first binary option broker to be regulated and issued a broad-based European license that covers the entire Eurozone. OW welcomed a more aggressive and beefed up CySEC regulatory effort that followed last year’s financial crisis on the island. OptionWeb decided to stay, while others departed the scene. Their broad array of asset choices, promotional programs, and trading platform features surpass most broker offerings, and they are continually innovating in the market to maintain and improve their market positioning. Payoffs are at the high end of the scale, and safety, security and flexibility are key priorities with this management team. If you want the best, then give OptionWeb a whirl.

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