Opinion about OptionWeb

IMPORTANT: At the moment, OptionWeb is not accepting new customers. However, in our domain you will find an entry with the best online brokers of 2021 to help you choose a portal that suits your needs while ensuring secure transactions and operations.

We are happy to confirm that this broker is trustworthy and is not a scam. We can do this because we have verified that it has a CySEC license and carries out various security measures regarding client funds. We explain everything to you below.

We are talking about a binary options investment platform, which is based in Cyprus and complies with dollarpeas regulations. We have no doubt that it is a safe institution, but this is not about you believing us because of our pretty face. Here we give you all our reasons.

Our experience with OptionWeb

The company is headquartered at 18, Evagora Papachristoforou, Petoussis Bros Building, 4th floor, 3030, Limassol, Cyprus and is registered under the name Lionsman Capital Markets (Chypre) Ltd. In the following table we give you its basic data including the registration and license number.

The investment experience with them is quite good, with an offer of underlying that without being overwhelming, is enough. The website is completely translated into New Zealand and its use is simple and perfectly functional. Next, we will analyze why we claim that it is not a scam, but if for whatever reason, after our opinion, this broker does not convince you, you can check the page with the best binary options brokers , which we have analyzed.

Is OptionWeb a scam?

OptionWeb is not a scam. The truth is that in this case the broker has made it easy for us with the security analysis, because it meets all the requirements that we can expect from a safe investment company.

Firstly, the fact that it is headquartered within the Dollarpea Union is a great guarantee, because it implies that the company must comply with the rigorous EU regulations regarding investments and the treatment of consumers. In addition to that, there is the fact of having a license in the CySEC, which implies that you must follow demanding precepts related to the security of funds, in which detail we will enter in the security and regulations section. It also implies that if the company did not behave properly, the CySEC could sanction it and notify the commissions and financial authorities of other countries such as the case of the CNMV in New Zealand. There has been no such case and, therefore, we can reiterate that this broker is not a fraud.

Investment offer

The offer that we have access to with this website, for basic accounts, is somewhat fair and we would have liked it to be more extensive. Apart from the option to invest in different underlying assets through binary options, of which we will inform you in detail in the next section, you can access an ebook with basic investment concepts, a charting tool for technical analysis, a daily report with the most important issues related to investment and, sometimes, when the broker decides to launch them, contests and promotions.

Depending on the income you have made at the broker you will have access to seven different account types: Starter ($200), Standard ($1000), Silver ($3000), Gold ($10,000), Platinium ($50,000) and Diamonds ($250,000). Each account offers extra services compared to the previous one. Among them are an increased amount of available underlying assets and the maximum profitability of binary options.

Binary options trading

If we start with the indices, the selection of underlying in this category is not bad because it reaches up to 20, including the most popular ones such as CAC, DAX, DOW, NASDAQ and S& P. But, unfortunately, the New Zealanders will miss the IBEX 35, because you cannot invest in it. Continuing with currency pairs, the level decays a little as they only offer 12 of them. For the dollar you will find the crosses with the pound sterling, the dollar and the Japanese yen, the rest being crosses of the dollar with other currencies, including with the Japanese yen and the pound sterling. The raw materials listed on the simplest account are 7: coffee, gold, oil, platinum, silver, sugar, wheat. It is not bad compared to what binary options brokers usually offer because many of them are limited to 3. As for the shares you will find 19, of which none is New Zealand, however, they are all very well known as Coca Cola, IBM, Apple or Tesco to say a few.

Welcome bonus

Due to CySEC regulations, the broker does not offer welcome bonuses as such or bonuses that are granted automatically. However, it is possible to request a bonus and the broker at its sole discretion may decide to grant it. The basic rule they handle is that you will not be granted a bonus greater than 100% of your balance at the time or of the deposit you are going to make.

However, the bonus carries certain conditions that may make it uninteresting for many users. We recommend that you carefully read the specific conditions of the bonus offered to you before accepting. In general, the volume condition for being able to withdraw the money is to trade 40 times the bonus amount. If you withdraw your money before fulfilling this condition, the bonus will be reduced from your balance, so you will not be able to withdraw it and you will also be charged a commission of 3% of the remaining balance after having deducted the bonus. Also, keep in mind that you are always considered to lose your money sooner than the bonus money. For example, if you make an income of $500 and they give you a bonus of another $500, you will have a balance of $1000. Now, in the event that after trading you have lost $ 200, if you try to withdraw your balance before fulfilling the bonus conditions, you will only be able to withdraw $ 300, instead of the $ 800 that you will see ($300 is your money, because you lost $ 200, and the other $ 500 correspond to the bonus).

OptionWeb payment methods

Offering a sufficient number of payment methods is a very necessary service in brokers. In this case, what could be expected is fulfilled, since it is possible to make transactions by bank card, transfer, Skrill, Neteller, NeoSurf and PaySafeCard.

In addition to having to go through the anti-money laundering security process, which simply consists of sending a copy of the identity card and another of the credit card or a direct debit invoice, it must be borne in mind that if the volume of money you want to withdraw has not been operated at least once, the broker will apply a 10% commission with a minimum of $ 25. Also in the case of withdrawals under $100, a commission of $25 applies. Fulfilling these conditions, the broker will not apply any commission.

OptionWeb Security and regulations

In principle, the CySEC license is a good guarantee that the broker is not a scam, but even legitimate companies may have security problems. Therefore, it is worth asking if in this case we are dealing with a safe company.

In principle yes, because there is nothing to say otherwise. In fact, the license assures us that the company must have a protocol of action to avoid conflicts of interest with its clients or, when these are inevitable, prevent them from influencing them negatively or unfairly. This is achieved by establishing information barriers that do not allow employees to access sensitive information about customers, except in the event that this is necessary for the development of their professional activity of course. Another measure against conflicts of interest is the automation of processes where possible, so that no employee has to intervene. With these measures, the CySEC tries to make sure that there is no fraud in operations. In addition, the company also has the obligation to categorize clients based on their knowledge of the investment, so that those with less knowledge must be informed in great detail, so that they can make good decisions.

As for the money of the clients, the platform has the obligation to deposit it in segregated accounts, in such a way that the workers of the same can only access the funds to carry out the operations indicated by the client and that there is never confusion regarding the funds of different clients or the company regarding the clients. In addition, for cases in which the company does not comply with the obligations of the activity of its license, an investment compensation fund will respond to each of the clients of the same for a value of a maximum of $ 20,000. Despite this, there is another basic security aspect that is also fulfilled here. We are referring to the SSL encryption of information when monetary transactions are carried out, either withdrawal or deposit, through the company's website.

For all this, in our opinion it is a safe investment platform to invest in binary options and if its offer suits what you need, we think it can be useful to you.

Customer service

As for the customer service, the broker has given us a good impression, because he has answered our questions quickly. You can contact them in New Zealand, using the phone number you have in the table at the beginning of this review. In addition, they also have telephone from France, the United Kingdom, Italy, Cyprus and Germany. The opening hours are from 9 in the morning to 9 at night from Monday to Thursday and from 9 to 3 in the afternoon on Fridays. You can also write to them by post, live chat, contact form or e-mail from the aforementioned table at the top of this page.

Functionality of the website

The website works perfectly and allows you to operate with ease and without extraneous elements. Of course, if you have any questions about its operation you can contact its attentive support service. The investment interface, like the rest of the page, is complete and perfectly translated. As an extra that most of its competitors do not have, if you consider it necessary you can download a specific software for computers, which will make your connection with the broker more stable, as if it were a mobile app.

Mobile application

Finally, to say that the services also have a mobile app, for those who want to always be aware of what is happening with their investments and thus be able to make quick decisions in case important news appears. The functionality of them, as with the web, is quite good and will allow you to invest without any problem. They are available on the Play Store and iTunes.

Finding

OptionWeb is a safe broker. Although it is normal to have doubts about whether it is a scam or not, since it is an unknown company, its license offers us important security guarantees that we have already explained. Dealing with a dollarpea company, which has to comply with MiFID, seems in principle sufficient for someone who wants to invest in binary options.

On the other hand, the investment offer seems suitable for someone who wants to start testing with this type of financial instrument. The availability of assets is limited, but it increases as the type of account is improved, making greater income in the trading account. So the trader has the possibility to grow with this company. The existence of computer software is also an incentive, since few brokers offer this possibility. In short, a good broker to make our investments.