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OptionWeb Review

  1. OptionWeb

    This broker is closed. Trade with IQ Option instead, the best regulated broker for South African traders!

    Safe Regulated Broker

    We are happy to introduce OptionWeb broker to our readers in South Africa. This brokerage company is owned by Lionsman Capital Market Ltd and present on financial market since 2012. OptionWeb is a regulated broker with CySEC licence no. 175/12.

    To know more about OptionWeb platform and available features, read below our OptionWeb review.

    OptionWeb General Info

    To start trading binary options with OptionWeb, minimum deposit is $200, which is among the lowest in binary industry. South African traders can choose to invest in USD or EUR. Maximum bonus can reach $4000, while highest possible return is up to 90%. OptionWeb minimum investment is $25 and maximum investment is $1000.

    OptionWeb Trading Platform

    This broker uses SpotOption as preferred software for trading binary options. OptionWeb offers South African traders user-friendly interface and high transparency standards for safe trading process. Their platform offers a wide range of trading instruments and services that can assist traders to maximize profit while trading with a variety of assets.

    OptionWeb review showed us how this broker offers traders several different trade options, including 60 Seconds, High/Low, One Touch, Pair Options and Long Term. Traders can also select among many available expiry times, such as 30 s, 60 s, 2 min, 1 hr and 24 hr.

    For our OptionWeb review, we used Chrome, but also traders can use Safari or Firefox.

    In Asset Index, under Trading Tools tab, traders can see a full list of available underlying assets. There are more than 190 assets that are available for South Africans to invest in. Assets can be categorized into stocks, currencies, commodities and indices.

    OptionWeb Trading Features

    This broker offers traders a selection of useful trading services which can be easily used when trading binary options and can lead to a high payouts. One of those features is OptionWeb demo account. Demo version of platform is considered as a valuable tool, especially if we are talking about inexperienced traders.

    There are six available trading accounts, provided by OptionWeb and demo account is available for majority of them. Traders who deposit with Standard account or higher accounts, can experience benefits of OptionWeb demo, which means that it is required to invest at least $1000 to get access on their demo. In Standard account, traders will have access to OptionWeb demo for two weeks and in Silver account for a month. In higher accounts, demo is unlimited.

    Demo account is a great feature that has shown to be very useful due to its many advantages. It enables traders to place trades in safe and risk free trading area, without any risks. This is possible thanks to the fact there is no investing with real money, but instead traders can use virtual money to execute trades.

    Another popular trading feature is OptionWeb mobile app that enables traders to trade from anywhere, without necessity of sitting in front of the computer. Their mobile app works very well on Android and Apple devices. Also, traders can use OptionWeb mobile app on tablets and smartphones as well. On this app, traders can use a variety of trading tools and services, just as they are used to it on web-based trading platform.

    On its platform, OptionWeb offers lucrative bonuses as a part of reward program. Bonuses are available for limited time and are subject to change. Before bonus withdrawal, traders are required to execute 20x bonus turnover.

    OptionWeb Account Types

    This broker offers traders 6 account types, featuring different trading characteristics. Below we will describe more thoroughly all details regarding trading accounts.

    OptionWeb Starter Account

    • minimum deposit $200-$1000
    • up to 83% returns + free trade up to $50
    • access to 80 assets
    • chat assistance 4 h per week
    • withdrawal within 5 days
    • e book+ graphic analysis
    • daily review + economic calendar

    OptionWeb Standard Account

    • minimum deposit $1000-$3000
    • up to 83% returns + free trade up to $100
    • access to 120 assets
    • demo account – 2 weeks
    • personal training level 1 + chat assistance 6 h per week
    • withdrawal within 5 days
    • e book + graphic analysis
    • daily review + economic calendar

    OptionWeb Silver Account

    • minimum deposit $3000-$10000
    • up to 83% returns + free trade up to $300
    • access to 180 assets
    • demo account – 1 month
    • signals in real time
    • 3.5% interest rate/month
    • personal training level 2 + chat assistance 8 h per week
    • withdrawal within 2 days
    • e book + graphic analysis
    • daily review + economic calendar
    • $300 unconditional guaranteed trade

    OptionWeb Gold Account

    • minimum deposit $10000-$50000
    • up to 88% returns + free trade up to $500
    • add assets upon request
    • demo account – unlimited
    • signals in real time
    • 5.2% interest rate/month
    • personal training level 3 + chat assistance 10 h per week
    • withdrawal within 24 hours
    • e book + graphic analysis
    • daily review + economic calendar
    • $500 unconditional guaranteed trade

    OptionWeb Platinium Account

    • minimum deposit $50000-$200000
    • up to 90% returns + free trade up to $2500
    • add assets upon request
    • demo account – unlimited
    • signals in real time
    • 5.5% interest rate/month
    • personal expert training + unlimited chat assistance
    • withdrawal within 24 hours
    • direct line to Senior Analyst
    • e book + graphic analysis
    • daily review + economic calendar
    • $2500 unconditional guaranteed trade

    OptionWeb Diamond Account

    • personalized services per request
    • for more details, contact Account Manager

    OptionWeb Customer Support

    OptionWeb customer support service is available 24/5. Working hours with this brokerage company are from Monday to Thursday between 8 A.M. and 8 P.M., and Fridays 8 A.M. to 2 P.M.

    South African traders can reach OptionWeb broker through several different ways, on email [email protected], live chat, web form and via phone. Phone communication is available for UK, France, Spain, Italy, Cyprus and Germany.

    Besides English, trading platform is available on Italian, German, Russian, French and Dutch.

    OptionWeb Banking Info

    Trading binary options with OptionWeb is secure and traders don’t have to worry about is it safe to deposit and withdraw money from their platform. They use SSL security technology that encrypts traders’ data.

    Available OptionWeb payment methods:

    • debit and credit cards – Maestro, Mastercard, Visa, Visa Electron, Diners Club, American Express
    • wire transfer
    • e wallets – Skrill Moneybookers, Neteller, PaySafeCard and Neosurf

    Minimum deposit is $200, while maximum is $5000 for credit cards, $10000 for Western Union and for bank wire is unlimited.

    How to Withdraw Funds from OptionWeb?

    To be able to execute withdrawals from OptionWeb platform, traders have to go on My Account in upper right corner and select Withdrawal Request. Then, they should select preferred amount to withdraw and click on Withdrawal button. Withdrawal time is estimated between 24 hr and 5 business days, depending on selected trading account.

    There is no minimum withdrawal amount, however, for amounts lower than $100, withdrawal fee will be charged in amount of $25.


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