Commonwealth Securities
OptionWeb
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Overview
Commonwealth Securities was founded in 1999 and is headquartered in Australia, while OptionWeb was established in 2012 and is based in Cyprus. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. Commonwealth Securities serves 10,000+ clients worldwide; OptionWeb has 10,000+. The minimum deposit is $5000 at Commonwealth Securities and $200 at OptionWeb.
| Feature | Commonwealth Securities | OptionWeb |
|---|---|---|
| Min. Deposit | $5000 | $200 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1999 | 2012 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Commonwealth Securities and OptionWeb, directly affecting your bottom line as a trader. OptionWeb has a lower barrier to entry with a minimum deposit of $200 (vs $5000 at Commonwealth Securities). Neither broker charges withdrawal fees. Commonwealth Securities charges deposit fees; OptionWeb does not. Overall, OptionWeb scores higher on fees in our assessment.
| Feature | Commonwealth Securities | OptionWeb |
|---|---|---|
| Min. Deposit | $5000 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Commonwealth Securities offers MT4, MT5, cTrader, while OptionWeb supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Commonwealth Securities supports social and copy trading features, which OptionWeb does not offer. Commonwealth Securities edges ahead on platform breadth and functionality in our scoring.
| Feature | Commonwealth Securities | OptionWeb |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Metatrader 4 - desktop, iOS and Android versions available. | Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Commonwealth Securities and OptionWeb compare. Commonwealth Securities runs regular live webinars; OptionWeb does not. Both provide video tutorials. Commonwealth Securities publishes daily market commentary; OptionWeb does not. Both integrate third-party research tools. Commonwealth Securities maintains an archive of past webinars for on-demand viewing. Commonwealth Securities scores higher overall in education and research.
| Feature | Commonwealth Securities | OptionWeb |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Commonwealth Securities 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 | Commonwealth Securities | 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 Commonwealth Securities 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 | Commonwealth Securities | OptionWeb |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |