Option Web Launched in the year 2012 on November the 4th. They are based and have offices in Limasol and Cyprus. They are the first Broker to be regulated in Europe, which is what makes them unique to other brokers. They use Spot Option technology.
In order to register you will need to show some documents starting with your photo ID like a government issued passport or your residency card (Front and Back). A utility bill going back six months, this is just to prove you can keep up with your payments. The card you use to deposit must be the card you present to them both front and back but remembering to cover your twelve digits on the front and the three digits on the back.
About the positions, the minimum will be 5€ on the short term, and 25€ on a classic binary option and 50€ for one touch. They also have FX/CFD with a minimum of 25€per position.
With Option Web you can trade over 80 assets: Currency pairs such as EUR/USD or USD/JPY. However it mostly depends on your account type. Option web have various accounts such as Starter, Standard, Silver, Gold and Platinum. Depending on what you deposit your account will be one of those.
As Option Web gives you the possibility to trade on assets in various financial markets around the world, the time displayed on the platform is GMT, which is universal times. It enables the most efficient coordination with planned expiry times. Once again it depends on your account type.
Their withdrawal conditions are:
-If you are a trader and you accept the Bonus offer I advise you to check their terms and conditions regarding the bonus´s.
– The withdrawal of an amount smaller than or equal to that of your initial deposit will be credited back to the means of payment you have used when you made your deposit.
– Withdrawal via wire transfer: All profits generated in addition to your initial deposit will be transferred back to your bank account via wire transfer. (You have the possibility to request to withdraw all of your funds from your Option Web account by wire transfer to any type of account in your name.)
— All withdrawals below 100€ will incur administrative fees of 25€.
– All withdrawal requests are processed and approved in 3 to 5 business days (not including Saturday and Sunday).
If you are interested in a Bonus I always like to explain how they work because it can get quite confusing. You can withdraw the profits generated from your bonus without commission; however, this transaction is also subject to conditions. In order to withdraw your bonus and/or the profits the bonus has accumulated, you will have to have to generate a trading volume higher than or equal to 20 or 30 times your bonus. If the bonus is smaller than 30% of the amount of your deposit, you will have to generate a volume of 20 times the bonus amount. If the bonus is higher than or equal to 30% of your deposit amount, you will have to generate a trading volume of 30 times the bonus amount.
For example: For a bonus of 40€ on a deposit of 200€, which is a 20% bonus, you will have to generate a trading volume greater than or equal to 40€ X 20 = 800€.
Demo accounts are free of charge for their traders. The only condition in order to be entitled to a demo account is to make a deposit giving you access to a standard account. During the time you are in training with one of their experts, you are free to try out your own trading techniques on your virtual account associated to your live account.
The demo account was implemented solely for trading purposes, and is only active during this time.
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