Editor’s Verdict
Overview
Review
Headquarters | Cyprus |
|---|---|
Regulators | CySEC |
Year Established | 2012 |
Minimum Deposit | $200 |
US Persons Accepted? |
General Information
Headquarters: Limassol, Cyprus Languages available: English, French Minimum Deposit: $200 Minimum Trade Amount: $5 Maximum Per Option: $1000 (but several trades can be opened simultaneously for the maximum amount
Optionweb Trading Platform is a binary options provider that offers customers the promise of up to 85% profits and zero commissions. Operating under the company Lionsman Capital Markets, Optionweb is the first binary options platform to be regulated by CySEC, with license 175/12. The Optionweb interface is straightforward and simplistic; from the home page you can take your pick of the “hot assets” like oil or currencies like USD/JPY or EUR/USD. Feeling a bit more adventurous? Click on a tab for commodities, currencies, indices or stocks and choose from there. Read our full Optionweb review to see if this binary options platform is right for you.
Available Options
Under Commodities you can choose Oil, Wheat, Coffee, Sugar, Silver, Gold or Platinum. Under Currencies you have all of the standard offerings such as the U.S. Dollar, Euro, Japanese Yen, British Pound, etc. but also several more exotic pairings combining the U.S. Dollar with the South African Rand, Singapore Dollar, Egyptian Pound, Brazilian Real, Turkish Lira or Russian Ruble.
Under indices you’ve got all of the Wall Street majors (NASDAQ, S&P500, Dow Jones as well as futures), German Dax, French CAC, London FTSE, Hong Kong’s Hang Seng, Tokyo Nikkei and Topix; less familiar to some trades are major indices in Russia, Turkey, Oman, Saudi Arabia, Egypt, Qatar, Dubai, Kuwait, Bombay, Shanghai, Australia, Tel Aviv, Spain, Singapore, and Kuala Lumpur.
The stock offerings are among the most well known international names like US-based IBM, Amazon and Goldman Sachs, UK-based Tesco, Rolls Royce, Barclays Bank and British American Tobacco. Among France’s most popular publicly traded shares you’ve got France Telecom, Fiat and BNP Paribas, while in Japan there are Nissan, Toshiba and Hitachi. Brazil’s most popular stock offering, Petrobras, is also available for binary options trade as are well known Indian stocks including Tata and S. Bank India. Rounding out the list are Russia’s Gazprom, Lukoil and Sberbank
Taking a closer look at the main page, for example, you can trade oil, with expiry options for today, tomorrow, next week, next month or even out to late June 2013. Think the price of oil will rise? Then place a call or up position (very clearly marked) with your investment amount and hit the apply button. It’s that simple. For the not-quite-so-hot assets a click on the appropriate tab will take you to that interface and the process is repeated.
Along with traditional binary options fare, we found during our Optionweb review that the company has a few other choices like the Options Builder which is similar to the traditional binary trade but allows you to input profit and risk levels as well. One Touch options trading takes simple a step further by allowing you to select the option you believe will rise or fall to the target, select your investment amount and press apply. Finally, for traders who can’t wait even a few hours to find out how well their trade did, Optionweb offers the 60 Seconds option; a trader selects an asset, then selects amount, choose call (up) or put (down) and then presses start for a 60 seconds countdown. Voila! In one minute you know if you’ve won or lost.
Special Features
The Double Up: With the Double Up feature, if you believe your soon-to-expire trade is going to close in positive territory, you can double your potential winnings by clicking on the Double Up button. It creates the same exact trade and provides you with an opportunity to double your profits upon expiry.
The Rollover: The Rollover feature allows you to make the most of a bad situation, i.e., a trade looking to close in negative territory, by postponing the option’s expiry time.
Trading Accounts and Customer Service
To meet the needs of all traders, experienced or beginners, OptionWeb offers a wide range of accounts. Each account has its advantages so that each binary options trader will find its happiness. • The Starter account is custom made for traders looking to an initiation to the trading of binary options and to the OptionWeb‘s trading platform. With a deposit between 200 and 1000 €/$, you can enjoy the trading of more than 80 assets and a refund of your first losing trade. This account also provides some educational materials with an introduction to their platform and tools and an E-Book. • The standard account, with a deposit between 1000 and 3000 €/$, gives you access to their daily analysis, an account manager, a refund of your first losing trade but also to a demo account to hone your trading strategies. • The Silver account for more experienced traders, with a deposit between 3000 and 10,000€/$, offers daily trading signals, a Senior Account Manager, withdrawal requests processed within 24 hours and free of charge, and many advanced educational tools. Traders also receive a monthly interest rate of 4.5% on the volume of trade (whether trades are winning and losing trades). • Premium and Platinum accounts for expert traders (10,000€/$ and above deposit) provide access to the site "OptionWeb VIP", to a personal account manager as well as to higher interest rates and profits percentage and to many other benefits.
You can contact Optionweb representatives easily via live chat, call back, Skype or email. A question put to the representative via live chat was answered within one minute, which was more than satisfactory, significantly more so than the answer to this question, “Is there a demo account that one can use to assess the platform before live trading?” The response was yes, there was but the catch is that it is only available after you’ve made a deposit. That means that Optionweb has your money while you test drive the platform with their fake money, and if you decide that you don’t like what you see, it could take up to five days (depending on your account level) to get your money back.
Summary
We were extremely impressed by the company during our Optionweb review, from the breadth of tradable assets to the company’s bonuses and different trading features. If you’re looking for a reputable binary options broker, Optionweb’s CySEC license will be reassuring and will provide additional peace of mind.
Trading Platform
