Stumbling across the Option web website was a very welcome experience. A breath of fresh air at first impression, aided by the fact that the design of the site is airy with a lot of white space, unlike the usual bright colours and hassle and bustle of most binary options online brokerages. And perhaps the people at Option Web had very valid reasons to pursue this feeling. Being the first broker in Europe to be regulated, trading with Option Web is safe, clean and transparent. So, if you are looking for a regulated, Europe based, professional, reliable brokerage, then Option Web is definitely your cup of tea! Based in Cyprus, Option Web is licensed, regulated and supervised by the Cyprus Securities and Exchange Commission. Taking into account the recent headlines on Cyprus, we are pretty sure that Cypriot regulators are about as strict as you get, so a Cyprus regulated brokerage has a big plus from the onset. However, there’s more…
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Something for everyone could be the short way to describe the tradable assets menu offered by Option Web. Perhaps, an unintended pun on the company name, they sure put out a lot of options for interested investors to choose from. Currently, Option Web offers 13 currency pairs, amongst which one can find certain unusual combinations for those who are real experts or are simply feeling lucky. Furthermore, clients can choose from 7 tradable commodities, which are gold, platinum, silver, sweet crude oil, coffee, sugar and wheat. Potentials investors are also spoiled for choice when trading indices or stocks, with 16 different alternatives in the former category, especially from Europe and the Middle East, and a whopping 29 in the latter, featuring well established firms from all over the globe.
Particularly proud of its zero commission policy, Option Web claims that all its customers’ deposits are secured and that all withdrawals are guaranteed. Indeed, we have no evidence as to the contrary. Furthermore, Option Web attempts to maximize profitability for its clients in a variety of methods. This is why, besides the traditional binary option “call/put” trading, Option Web also offers One Touch Option, Option Builder, 60 Seconds and an OW Platform, which is more suited to the more experienced, pro traders.
A distinguishing feature of Option Web is that it also offers additional tools to increase the chances of profitability of its customers. These are the “Rollover”, “Double-up” and “Sell” tools, and, under certain conditions, they can indeed have a significant impact on your returns.
Consistent with this outlook, Option Web also has five different account types for customers to choose from. These are the starter, the classic, the silver, the gold and the platinum. It is easy to derive that the determining factor for the categorization is the amount each customer is prepared to invest and as you move up the ladder of account types the more the perks you can enjoy and the higher are the profits percentages and the promotions that you are likely to enjoy.
The minimum deposit set by Option Web is 200$ and it can be deposited in either USD or EUR, and paid for in a variety of ways including credit card and wire transfers. Option Web promises that even simple starter account holders can have their first trade refunded for up to 50$ if lost, while the Option Builder tool, allows one to obtain loss returns as high as 80%. The brokerage stresses the high profitability that it is able to offer clients along with its transparent operations and secure withdrawals. According to them, using the classic binary option tool could lead to profits as high as 85%, while the “One Touch Option” offers investors the possibility to make up to 500% profit on their initial investment amount.
An impressive and very useful feature of Option Web is the economic calendar, which seems to be updated constantly and it is a source of very useful information for investors. Moreover, other tools available to clients are a comprehensive faqs list, a glossary, a dictionary, and a downloadable e-book guide. Opening an account is straightforward and the trading environment is both professional and user friendly. Customer support is readily available and responds promptly and could be sought via telephone, email, Skype or a live chat. Moreover, a financial expert is assigned to every account opened and is ready to assist with and advice on any matters the client wishes in order to aid in achieving a successful and lucrative trading experience.
Under the motto “Trading reguled and securised”, Option Web could and perhaps should be ranked amongst your first choices when considering which online platform to use for your binary options trading experience. They boast for a lot and seem to be trying hard to deliver on their promises. Undoubtedly, trading binary options is often a risky and perhaps demanding endeavour, however, firms like Option Web render the whole experience less dangerous and seem to go to great lengths to cater for all their customers’ needs and ensure that every client, depending on the account type and they amount they wish to invest, can become a successful trader. The company could improve our experience with them and possibly increase their clientele If they could offer a free demo account, without the pre-requisite of actually depositing funds first and if they could translate their site and offer customer support in more languages and not only the 3 currently available. Other than that though, Option Web spoils us with a vast array of options. Huge selection of tradable assets, different platforms and ways to trade, different account types, each with special features and perks, and above all a sense of transparency and safety. So, we opt to give Option Web a thumbs up!
George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.