OptionWeb is a European Union regulated and licensed binary options broker. The main reason I recommend this broker is due to the fact that it has a long and solid reputation in the business and because it’s one of the few binary options brokers that offer long-term options.
Read this OptionWeb review in order to learn more about this binary options broker.
Platform and Software
The platform and software used by the broker is not unique in the sense that it’s something that was developed in-house. It’s a platform at this moment is being used by many other legal binary options brokers on the market.
On the one hand, this means that you will not have to learn any new things in case you already have some binary options trading experience. On the other hand, this also means that you won’t find any special and extra features at OptionWeb that aren’t also being offered by some other brokers.
While the software the broker uses is not new, it’s still one of the best and easiest to use platforms available on the market. Everything was built so that you can figure out what you need to do just based on the graphics of the interface.
Binary Options Types
Most of the existing binary options contract types are available at OptionWeb. The majority of options that are being offered are high/low options where you will have to predict if the value of an asset will move up or down during a given time frame.
The broker also offers one-touch options where you will have to predict if the value of an asset will reach a predetermined value during a given time frame. These options are a little bit harder to predict and as such the broker offers larger payout rates on them.
Short-term options are also offered by the broker. In case you are good with technical analysis, then such contracts are beneficial for you. Short-term options come with expiration times of 30 seconds to 60 seconds.
The availability of long-term options is actually the main reason why I decided to recommend OptionWeb. As you may or not have read on other articles I wrote, I’m a huge fan of long-term options. This is because only these options offer the possibility to make predictions without technical analysis and charts – in other words only these options are suitable for beginners.
Most people underestimate the power of long-term options when in fact it’s these that can offer the largest winning chances. I always look at those brokers highly that offer long-term options.
Below you can check out the list of assets that are being offered by the broker:
Stocks: IBM, MICROSOFT, APPLE, BAE SYSTEMS, BP, CITI, COCA COLA, GAZPROM, HSBC HOLDINGS, LUKOIL, NIKE, NISSAN MOTOR, REUTERS, ROLLS ROYCE, SBERBANK, TATA MOTORS, TESCO, TEVA .TA and TURKCELL
Forex: EUR/GBP, EUR/JPY, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/RUB, USD/SGD, USD/TRY, USD/TRY and USD/ZAR
Commodities: Coffee, gold, oil, platinum, silver, sugar and wheat
Indices: BOMBAY SE, CAC, CAC, DAX, DOW, DUBAI, FTSE 100, HANG SENG, ISE 30, KL FUTURE, KUWAIT, MICEX 10, MSM 30, NASDAQ, NIKKEI225, RTS, S&P 500, SSE180, TADAWUL, TEL AVIV 25, TOPIX
Another reason I like OptionWeb is because it offers payout rates that are slightly above the average that is being offered by most other binary options brokers. Generally, the payout rates OptionWeb offers are between 80% and 90%, which is slightly better than what others have to offer.
On certain trades you can also get a rebate of around 15%, which essentially means that in case you lose you will get 15% of your invested money back. This practically increases your overall profit margin over the long term. Even if you are a pro, you will still lose some trades and then getting some of the money back is very helpful.
In case of one-touch options you can get payout rates as high as 600%. So, if you are someone who knows what he or she is doing, then you can cash in massive profits by using this feature.
Deposits and Withdrawals
Since OptionWeb is a legal and licensed binary options broker you do not have to worry about withdrawals not being processed. Since the broker is licensed you will also have the opportunity to use many mainstream payment processors such as credit cards, wire transfer Skrill and Neteller.
The broker processes withdrawal requests within 24 hours to a maximum of 5 days. Withdrawals are always being processed for the simple reason that the broker is a legit company that has all the necessary online trading licenses in the European Union.
Licensing and Regulation
As hinted many times through the review, OptionWeb is a legal and licensed binary options broker. In fact, it’s one of the first binary options brokers that have managed to acquire a binary options trading license.
OptionWeb is licensed by CySEC in the European Union. CySEC is a government organization in Cyprus that regulates binary options in accordance with general European Union laws and online trading regulations.
The CySEC license protects traders from all across Europe from abuse and fraud and makes sure that the broker follows all the necessary rules and guidelines required for safe trading.
Beside the CySEC license, OptionWeb is also registered with various other European regulatory government bodies such as the French Authority of Prudential Supervision (ACP) under the Bank of France, CONSOB (Italy) and the UK’s Financial Conduct Authority (FCA).
Conclusions: Why OptionWeb might not be good?
One of the shortcomings of the broker is that fact that it’s running on a platform that is also being used by many other brokers. So, if you are looking for something completely new that’s not available anywhere else then OptionWeb will disappoint.
Conclusions: Why OptionWeb is a good broker?
Like said above, one of the principal reasons why OptionWeb is a great broker is that fact that it offers a very large variety of long-term options, something that other brokers rarely do. The broker also offers above-average payout rates.
And lastly, the broker is completely legit and it regulated and licensed in the European Union and is registered with various national European regulatory agencies too.
If you want to find out more about OptionWeb then you can do so by going directly to the broker’s website linked here.