Try IQ option instead!
Are you looking for a legit binary options broker with high payouts to start your trading career? Then you should give OptionWeb a look.
Monthly interest rate
If you would leave your money in your bank account, you would get interest on it. So, if you transfer your money to your binary option broker, why should you not get interest? While most brokers ignore this logical assumption, OptionWeb does the right thing and pays you up to 5.5% interest on your trading volume.
This means, the more you invest, the more interest you will get. This interest effectively increases your payout by up to 5.5%. While already offering high payouts, this additional 5.5% bonus puts OptionWeb over the top.
OptionWeb is registered in Cyprus and therefore regulated by the Cyprus government. This regulation makes sure that OptionWeb is a legit business: You get fair prices, no hidden fees, and always the payout you signed up for.
Especially traders who are concerned about security in the world of online finance will find that government oversight can be a great bonus that helps them sleep well at night.
OptionWeb makes it a point to help their traders become successful. Therefore, they offer an education center with a number of tools to help you become a more successful binary options trader:
- Webinars: Online webinars
- Trading contests,
- OW school,
- Video library.
Compared to other binary options brokers, OptionWeb’s education center is offering some unique tools that nobody else has to offer. Having a binary option broker that is committed to education their customers can only be an advantage to any trader.
Additionally, OptionWeb offers personalized training, trader coaching, and market analysis. These tools effectively make up a personal coach, which would cost you a lot of money if you would hire him yourself.
OptionWeb has spared no expense to make sure that traders can access their trading platform from everywhere and at any time. To trade, you have two options:
1) Web-based trading platform: From OptionWeb website, you can access their online trading platform. You can access this platform from any device with an internet connection, which enables you to trade from literally anywhere. You do not need to install any software to your computer or mobile device. Simply log in and start trading.
2) Mobile trading app: You can download OptionWeb’s mobile trading app for Apple and Android devices. Download the app from the App Store or the Google Play Store, login, and you can enjoy the same trading tools as with the online platform. For traders who frequently use their mobile devices to trade, OptionWeb’s mobile app can be a great time safer.
With these tools, OptionWeb enables you to turn every waiting period, every traffic jam, and every delay into a profitable trading opportunity – a great help for any serious binary option trader.
To offer each trader the individually right account, OptionWeb uses an account model with five different account types. Depending on your account level, you will receive a different level of coaching (new traders learn the basics, experienced traders with a higher account balance learn advanced lessons) and get access to different levels of trading tools:
- Experienced traders can access more assets. To not confuse young traders, their access is restricted to fewer and more commonly known assets.
- Experienced traders can access more economical indicators, since they have already learned how to use them.
OptionWeb offers assets in four categories: Stocks, indices, currencies, and commodities. For each of these categories, you can find a long list of assets from all over the world and all industries:
- Stocks: IBM, Apple, BAE Systems, Gazprom, Lukoil, Nissan Mottors, Turkcell, etc.
- Currencies: EUR/GBP, EUR/JPY, GBP/USD, USD/TRY, USD/ZAR, etc.
- Commodities: Coffee, gold, oil, platinum, silver, sugar, wheat.
- Indices: Dow Jones, S&P 500, DAX, FTSE 100, Bombay SE, Tadawul, TOPIX, Tel Aviv 25.
This large selection of assets has two great advantages to any binary options trader:
1) You can trade assets from your home market: Regardless of where you live, with OptionWeb you will very likely find a stock, an index, and a currency pair of your home market to invest in, thereby being able to invest
2) You can invest at any time of the day: You can only invest in stocks and indices when their home stock exchange is open for trading, which limits the time you can invest in a specific stock or index to 8 hours per day. By offering stocks and indices from all time zones, OptionWeb enables you to always find an