Every year new brokerage firms are introduced in the market and the growing number of these new brands makes it harder for the average trader to choose which one is best for them. That is why we are providing you an in-depth review of these new players. One of the brands in the industry that we find to be interesting to review is OptionWeb. Launched in 2012 and based in Limassol, Cyprus, they go on par with the most recommended brands that are offering binary options trading services.
Our Staff’s Review
Superior customer service
Contacting their CS team can be done via email, live chat and phone. Customer assistance is very exceptional and the level of service that they provide is truly outstanding based on how they answered all of our inquiries. We tried asking them with a number of questions related to binary options and we were surprised on how they were able to give prompt responses. In fact, we enjoyed the conversation that we had because the agent that we were speaking with was very friendly and pleasant to talk to.
Straightforward user interface
Instead of making their interface intricate, OptionWeb has decided to make their layout less complex. They’ve chosen to make it very straightforward which we believe is an advantage especially for those who are new to this type of system. The simplistic design actually makes it look fresh and inviting compared to other brands who made their layout very hard to navigate. In fact, we never had a hard time going through their menus because everything is easy to understand even if it was our very first time to use their service. The hot assets like the EUR/USD pair and oil were featured on their homepage giving us a preview of the highly traded products in the market.
Simplified and secured trading
Since OptionWeb is web-based (downloadable and mobile apps are also available), users are allowed to access their accounts on any computer that has an internet connection. Whether you are on a holiday in the Mediterranean or at a business meeting somewhere around the globe, you can purchase an option and place your investments on the asset that you wish to trade. They use a Secured Socket Layer (SSL) technology making your personal details more protected and safe. The overall design of their platform was also designed to provide convenience to any type of user by providing them with useful tools that they can use to further improve their trading skills. Even those who have no knowledge about this field will be able to understand the process of making trades with the help of the highly informational and educational tools that they offer.
Safe deposits and withdrawals
Minimum deposits are at $200 while the maximum amount that you can invest is $1,000. Deposits can be done via credit or debit cards like Visa, MasterCard, American Express, Visa Electron, Delta, Diners and Maestro. If you have a Moneybookers account then you’re lucky because this is one of the payment methods that we highly recommend due to its highly secure process of handling transactions. Maestro (Switch) and Solo debit cards can also be used in Europe and the UK respectively. For safety purposes, you need to input a 3-digit security code if you wish to make a deposit online thru this banking method. You can also make a deposit via wire transfer but do take note that standard fees apply for these kinds of transactions.
If you love rewards then you’ll surely enjoy their selection of promotional offers. If you’re a newly registered user, you’ll be entitled for a welcome bonus depending on the amount of deposit that you made. Accounts are classified to Starter, Standard, Silver, Gold and Platinum levels which are based on the capital that you invested. Other special benefits may include higher payout rates, access to wider number of assets, faster Withdrawal processing time, monthly interest rates, personalized training, demo account, trading signals and trading coaching sessions.
Based on our assessments, we can say that OptionWeb is a highly competitive broker in the market that can surely match up to the services that are offered by the pioneers in the binary options industry. If you’re looking for a reputable brand to trust then we highly recommend this broker.