Blitzbrokers
OptionWeb
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while OptionWeb was established in 2012 and is based in Cyprus. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Blitzbrokers serves 10,000+ clients worldwide; OptionWeb has 10,000+. The minimum deposit is $1 at Blitzbrokers and $200 at OptionWeb.
| Feature | Blitzbrokers | OptionWeb |
|---|---|---|
| Min. Deposit | $1 | $200 |
| Regulation | Securities and Futures Commission (SFC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1982 | 2012 |
| Country | Hong Kong | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and OptionWeb, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $200 at OptionWeb). Neither broker charges withdrawal fees. Overall, Blitzbrokers scores higher on fees in our assessment.
| Feature | Blitzbrokers | OptionWeb |
|---|---|---|
| Min. Deposit | $1 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers MT5, cTrader, while OptionWeb supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Blitzbrokers supports social and copy trading features, which OptionWeb does not offer. The two brokers are closely matched on platform offering.
| Feature | Blitzbrokers | OptionWeb |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,WEB,Android | Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and OptionWeb compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | Blitzbrokers | OptionWeb |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Blitzbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while OptionWeb supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Blitzbrokers | OptionWeb |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Blitzbrokers and OptionWeb offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Blitzbrokers | OptionWeb |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |