OptionWeb
selftrade
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Overview
OptionWeb was founded in 2012 and is headquartered in Cyprus, while selftrade was established in 2013 and is based in Australia. OptionWeb holds licences including Cyprus Securities and Exchange Commission (CySEC), while selftrade is regulated by Financial Conduct Authority (FCA) among others. OptionWeb serves 10,000+ clients worldwide; selftrade has 14,000,000+. The minimum deposit is $200 at OptionWeb and $250 at selftrade.
| Feature | OptionWeb | selftrade |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial 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-F304 |
| Founded | 2012 | 2013 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between OptionWeb and selftrade, directly affecting your bottom line as a trader. OptionWeb has a lower barrier to entry with a minimum deposit of $200 (vs $250 at selftrade). selftrade charges withdrawal fees while OptionWeb does not, giving OptionWeb an edge for frequent withdrawers. selftrade charges deposit fees; OptionWeb does not. Overall, OptionWeb scores higher on fees in our assessment.
| Feature | OptionWeb | selftrade |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
OptionWeb offers MT5, cTrader, while selftrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. selftrade supports social and copy trading features, which OptionWeb does not offer. selftrade edges ahead on platform breadth and functionality in our scoring.
| Feature | OptionWeb | selftrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Binary, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how OptionWeb and selftrade compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | OptionWeb | selftrade |
|---|---|---|
| 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. OptionWeb accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while selftrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). selftrade uniquely supports PayPal and Skrill and Neteller among the two brokers. selftrade scores higher on deposit and withdrawal flexibility.
| Feature | OptionWeb | selftrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both OptionWeb and selftrade offer live chat support. Both provide phone support. Email support is available at both brokers. OptionWeb supports 2 languages and selftrade supports 8, giving selftrade broader global reach. Both brokers are comparable on support quality.
| Feature | OptionWeb | selftrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |