As the first binary options broker to be officially licensed and regulated in Europe, Option Web is one of the most trusted binary options brokers today. And although some of the newer brokers out there might offer more options or a more advanced platform, Option Web has succeeded in maintaining a high level of quality in their OptionWeb.com trading platform in addition to providing a trustworthy trading experience.
Software and Features
OptionWeb utilizes the popular web-based SpotOption trading platform, which is both extremely straightforward and versatile. There are plenty of charts and tools for technical analysis, while the actual trading screen itself is very simple and clear. An OptionWeb demo account is available for customers who have made deposits, which is good because the list of educational resources for new traders is somewhat lacking. OptionWeb.com is a little old-fashioned looking, but clear and simple to navigate and refreshingly open about their business practices and risk involved with binary options trading.
Option Types Offered
A higher than average amount of indices, stocks, commodities, and currency pairs are offered, with our Option Web review team finding more than 180 different assets, depending on your account type. Those traders familiar with the SpotOption platform will be happy to see that all the option types they support can be found on Option Web online broker platform: high/low options, 60-second options, one-touch options, an option builder, and a separate platform where you can trade straight from the charts. Payouts are in line with the industry average, as high as 80%, with a return on losing trades, as well.
Account Types Offered
OptionWeb traders who deposit between $200 and $1,000 get access to the Starter Account, which lets you trade around 80 assets a limited number of ways. Considering what other brokers offer, $1,000 is quite high an initial deposit to quality for a mere basic account, though this account does give traders access to the Option Web bonus. As deposit amounts increase traders gain access to higher level accounts which offer additional benefits such as more assets, live coaching, faster withdrawals, and even interest payments on funds held in the account. Banking is secured through SSL encryption and regulated to ensure security and protect against fraud.
Higher-end, veteran traders are the target customer at Option Web; which makes sense as one of the oldest regulated brokers, they have the name and reputation professional trader crave. And although it might not be the best broker for beginner traders, experienced traders with larger accounts will feel quite at home and well taken-care of when they trade at OptionWeb.com