BrokAIr Reviews

Optionweb Review

"Optionweb is one of the few online brokerages that promises zero commission fees, but is it too good to be true?"

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Overview of Optionweb

Optionweb is an online broker that allows traders to invest in stocks, currencies, commodities and indices. It has been around since 2012 and is based in Cyprus. The company is regulated by the European Securities and Markets Authority (ESMA) and the Cyprus Securities and Exchange Commission (CySEC).

Pros

Optionweb offers a wide selection of investment options that include stocks, currencies, commodities, and indices. Additionally, it provides a user-friendly trading platform with advanced charting tools and several other features. The platform is available on both desktop and mobile devices. Furthermore, it offers competitive spreads and fees for its investors. Lastly, Optionweb offers customer support in multiple languages for its customers.

Cons

Optionweb does not offer a lot of educational resources for its users. Additionally, there is a limited selection of currency pairs available on the platform. Lastly, the company does not offer any bonuses or promotions for its customers.

Public Opinion

Public opinion of Optionweb is mixed. Many traders have praised the platform for its user-friendly interface and competitive spreads and fees. However, some traders have criticized the platform for its lack of educational resources and limited currency pairs.

Founders

Optionweb was founded by two experienced entrepreneurs – Boris Kuznetsov and Sergey Ryabov in 2012. They have extensive experience in the finance industry and have worked with several major financial institutions in Europe.

News

The most recent newsworthy event concerning Optionweb was when the company received authorization from ESMA to offer its services in Europe. This was a major milestone for the company as it expanded its services across multiple countries in Europe. Additionally, Optionweb recently announced that it will be launching an updated version of its trading platform with new features and improved usability.