B

fx central clearing

7.7/10

OptionWeb

6.4/10
10/10WinnerRegulation7/10
0/10FeesWinner8/10
9/10WinnerPlatforms7/10
6/10WinnerEducation & Research4/10
10/10WinnerDeposits & Withdrawals4/10
10/10SupportTied10/10

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Overview

fx central clearing was founded in 2015 and is headquartered in Portugal, while OptionWeb was established in 2012 and is based in Cyprus. fx central clearing holds licences including Financial Conduct Authority (FCA), while OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. fx central clearing serves 30,000+ clients worldwide; OptionWeb has 10,000+. The minimum deposit is $250 at fx central clearing and $200 at OptionWeb.

fx central clearing wins this category
Featurefx central clearingOptionWeb
Min. Deposit$250$200
RegulationFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F234Cyprus Securities and Exchange Commission (CySEC)
Founded20152012
CountryPortugalCyprus
Clients30,000+10,000+

Fees

Fees are a critical factor when choosing between fx central clearing and OptionWeb, directly affecting your bottom line as a trader. OptionWeb has a lower barrier to entry with a minimum deposit of $200 (vs $250 at fx central clearing). Neither broker charges withdrawal fees. fx central clearing applies inactivity fees on dormant accounts; OptionWeb does not. Overall, OptionWeb scores higher on fees in our assessment.

OptionWeb wins this category
Featurefx central clearingOptionWeb
Min. Deposit$250$200
Withdrawal FeesNoNo
Inactivity FeesYesNo
Deposit FeesNoNo
CFD FeesNoNo

Platforms

fx central clearing offers MT4, MT5, cTrader, while OptionWeb supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fx central clearing edges ahead on platform breadth and functionality in our scoring.

fx central clearing wins this category
Featurefx central clearingOptionWeb
MT4YesNo
MT5YesYes
cTraderYesYes
Windows AppYesYes
iOS AppYesYes
Android AppYesYes
Trading PlatformsMT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsBinary, Tablet & Mobile apps

Education & Research

Education and research tools help traders at every level make more informed decisions, and here's how fx central clearing and OptionWeb compare. fx central clearing runs regular live webinars; OptionWeb does not. Both provide video tutorials. fx central clearing publishes daily market commentary; OptionWeb does not. Both integrate third-party research tools. fx central clearing maintains an archive of past webinars for on-demand viewing. fx central clearing scores higher overall in education and research.

fx central clearing wins this category
Featurefx central clearingOptionWeb
Forex EducationNoYes
CFD EducationYesNo
Weekly WebinarsYesNo
Daily CommentaryYesNo
Trading CentralYesNo
AutochartistNoYes

Deposits & Withdrawals

Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fx central clearing accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while OptionWeb supports 2 (bank transfer, credit/debit card). fx central clearing uniquely supports PayPal and Skrill and Neteller among the two brokers. fx central clearing scores higher on deposit and withdrawal flexibility.

fx central clearing wins this category
Featurefx central clearingOptionWeb
Bank TransferYesYes
Credit CardYesYes
PayPalYesNo
SkrillYesNo
NetellerYesNo

Support

Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both fx central clearing and OptionWeb offer live chat support. Both provide phone support. Email support is available at both brokers. fx central clearing supports 8 languages and OptionWeb supports 2, giving fx central clearing broader global reach. Both brokers are comparable on support quality.

Tied
Featurefx central clearingOptionWeb
Live ChatYesYes
Phone SupportYesYes
Email SupportYesYes
LanguagesEnglish, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and ArabicEnglish, and Chinese