Optionweb Review

UPDATE (29.9.2016):

We have found out that Optionweb is closed.

We recommend choosing one of our top binary option brokers instead:

1. IQ Option
2. Banc de Binary
3. Finpari (for US traders)

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

Optionweb-logoOptionWeb is the leading broker in the Binary Options industry, operating in strict compliance with CySEC regulatory requirements and authorized to operate in over 30 countries in Europe. OptionWeb offers its ever-growing clientele excellent binary option trading conditions via its reliable and user-friendly platform: we have found OptionWeb to be a top-quality broker among all binary option brokers, offering a wide range of services and resources that enable traders to quickly familiarize with binary options and to make investments with very small amounts of capital to suit any budget.

One of OptionWeb’s major assets is its highly competent and dedicated staff: we received excellent service and personal attention from real pros with genuine understanding of the market; they did everything in their power to make our trading experience comfortable and profitable. Moreover, the platform is a highly efficient, fully equipped dashboard enabling traders to steer their trading activity with utmost clarity and ease. All these ingredients combined definitely make OptionWeb a broker that retail traders can trust.

Basic information:

Online since: 2012
Jurisdiction: Cypros
Software: Sirix
Max Returns:88%
Minimum Deposit: $200
Minimum Investment: $5
Maximum Investment: $4000
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All nations excluding USA

Pros:

– Large variety of options
– Excellent returns
– User-friendly Interface
– 100% web-based platform requiring no software download
– Investment possible with as little as €5
– Highly secure and reliable deposit/withdrawal methods

Cons:

– Does not accept clients from US

7 Binary Options Rating:

4,5 stars

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Maximum profits (payout)

Winning trades generate returns of up to 88% in addition to the amount initially invested. We also appreciated the fact that payouts are done in a timely manner.

Types of accounts

OptionWeb offers several types of accounts to suit all individual needs of every trader and to fit all budgets. All accounts (except for the Starter account) give access to a demo account with virtual funds for novice traders to practice with before they start placing bets with real capital.

Starter: Starter accounts require initial deposits between €200 and €1000. This account is best suited for beginners, allowing them to trade cautiously with small amounts of capital and to quickly gain the confidence they need.
Standard: Standard accounts require initial deposits between €1000 and €3000. It’s a good account for traders with basic familiarity with financial markets.
Silver: Silver accounts require initial deposits between €3000 and €10,000. A Silver account is great for confirmed traders who are comfortable enough to place bigger bets.
Gold: Gold accounts require initial deposits between €10,000 and €50,000. This account is intended for serious traders with solid knowledge and confidence in their strategies.
Platinium: Platinium accounts require initial deposits between €50,000 and €100,000. These accounts are best suited for professional investors who trade large amounts of capital.
Diamonds: Diamond accounts require initial deposits of €250,000. This type of account is best suited for professional investors who trade considerable amounts of capital.

Assets

OptionWeb offers an over 180 assets for traders to choose from: clients can choose to trade commodities (gold, oil, sugar, coffee, corn etc.), forex (EUR/USD, USD/GBP etc.), stocks (Apple, HSBC Holdings, IBM etc.), along with indices (Dow Jones, S&P 500, FTSE 100, CAC 40 etc.). Gold and Platinum account holders also have the possibility to request additional assets.

Screenshot

Optionweb_Screenshot

Deposit Methods and withdrawals

OptionWeb’s deposit interface is easy to use and offers numerous digital payment options for the comfort of every trader. Deposits are done instantly in the safest conditions, either in EUR, YSD or GBP. The minimum deposit required upon registration is of EUR200/USD/200. Traders can fund their accounts and operate withdrawals through Visa, MastercCard, Debit cards, Bank Transfer and various secure e-wallets.
Withdrawing funds is also a clear and simple process: clients need to click on “My Account” at the top right corner of the screen, and then on “Withdrawal”; they will then need to fill out the form and send their withdrawal request directly through the website. Withdrawal requests are processed within 24 hours to 48 hours for premium accounts, and up to 5 business days for starter and standard accounts.

Customer Service

One of OptionWeb’s strongest assets is its multilingual customer support team. The personal attention and dedication they demonstrated was flawless. We found them to be very helpful and patient: they assisted us through the entire registration process, and further provided exceptional guidance in our trading activities. OptionWeb’s customer support team is available through live chat, telephone and e-mail.

Conclusion/Summary

Just like Banc de Binary, OptionWeb is a one-stop shop for comfortable and profitable trading: outstanding customer service, a user-friendly platform and interface, a large variety of account types and a considerable pool of cutting-edge tools and educational resources constitute the perfect combination for a genuinely pleasant experience in binary options trading. Check out also Binary Option Robot for automated trading and binary option signals.

Additional information

Customer Service: : in English, French and Italian, Live Chat / Email: [email protected] / Phone: +44 2071002264
Languages: English, Spanish, French, German, Italian, Dutch, Russian
Trading Options: High / Low, One Touch, Builder Options, One Touch, Pair Options and Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 30 sec, 60 sec, 2min, 1 hr, 24h
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, Diners Club, Maestro, Visa Electron
Withdrawal Time: 3 business days
Demo account: Yes

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References and Further Reading:

  1. Globalization and Electronic Commerce: Inferences from Retail Brokering (Steven Globerman, Thomas W. Roehl, Stephen Standifird-2001)
  2. Employee relationship and knowledge sharing: a case study of a Taiwanese finance and securities firm (Shu-hsien Liao, Juo-chiang Chang, Shih-chieh Cheng, Chia-mei Kuo-2004)
  3. Introduction: The Emergence of “Greater China” (David Shambaugh-1993)
  4. leading traderTrading Currency Cross Rates: Proven Trading Strategies (Gary Klopfenstein, Jon Stein-1993)
  5. Option Prices Leading Equity Prices: Do Option Traders Have an Information Advantage? (WEN JIN, JOSHUA LIVNAT, YUAN ZHANG-2012)
  6. Inside a trader in global trading (Koon-yui Poon-1995)
  7. Forecasting precious metal price movements using trader positions  (Takvor H. Mutafoglu, Ekin Tokat, Hakki A. Tokat-2012)
  8. Leading Personalities in Statistical Sciences: From the Seventeenth Century to the Present  (Norman L. Johnson, Samuel Kotz-2011)
  9. Market Structure and Trader Anonymity: An Analysis of Insider Trading (Jon A. Garfinkel, M. Nimalendran-2003)
  10. The crash of the knowledge economy (Ugo Pagano and Maria Alessandra Rossi-2009)
  11. Leading at a Higher Level: Blanchard on Leadership and Creating High Performing Organizations  (Kenneth H. Blanchard-2010)
  12. The numeraire portfolio ( John B. Long Jr.-2016)
  13. Bank Trading Risk and Systemic Risk (Philippe Jorion-2005)
  14. Rating Banks: Risk and Uncertainty in an Opaque Industry (Morgan, Donald P-2002)
  15. The disposition effect in securities trading: an experimental analysis  (Martin Weber, Colin F. Camerer-1998)
  16. Does derivatives trading destabilize the underlying assets? Evidence from the Spanish stock market (Corredor Pilar & Santamaría Rafael-2010)
  17. Diversification, Size, and Risk at Bank Holding Companies (Rebecca S. Demsetz and Philip E. Strahan-1997)
  18. Apparatus for trading of bundled assets including bundle substitution and method therefor  (Jan Stallaert, Andrew Bernard Whinston, Glenn William Graves-2006)
  19. BANKING ON THE STATE (Piergiorgio Alessandri & Andrew G Haldane-2009)
  20. System and method for trading assets and their derivatives (Terence Philip Ramsden, Nasser Nassiri-2009)
7 Binary Options review: Optionweb: 4,5 stars.
John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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