OptionWeb
Spreadex
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Overview
OptionWeb was founded in 2012 and is headquartered in Cyprus, while Spreadex was established in 1999 and is based in UK. OptionWeb holds licences including Cyprus Securities and Exchange Commission (CySEC), while Spreadex is regulated by Financial Conduct Authority (FCA) among others. OptionWeb serves 10,000+ clients worldwide; Spreadex has 10,000+. The minimum deposit is $200 at OptionWeb and $0 at Spreadex.
| Feature | OptionWeb | Spreadex |
|---|---|---|
| Min. Deposit | $200 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), registration number 190941 |
| Founded | 2012 | 1999 |
| Country | Cyprus | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between OptionWeb and Spreadex, directly affecting your bottom line as a trader. Spreadex has a lower barrier to entry with a minimum deposit of $0 (vs $200 at OptionWeb). Neither broker charges withdrawal fees. Overall, Spreadex scores higher on fees in our assessment.
| Feature | OptionWeb | Spreadex |
|---|---|---|
| Min. Deposit | $200 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
OptionWeb offers MT5, cTrader, while Spreadex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Spreadex supports social and copy trading features, which OptionWeb does not offer. Spreadex edges ahead on platform breadth and functionality in our scoring.
| Feature | OptionWeb | Spreadex |
|---|---|---|
| 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 | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how OptionWeb and Spreadex compare. Spreadex runs regular live webinars; OptionWeb does not. Both provide video tutorials. Spreadex publishes daily market commentary; OptionWeb does not. Both integrate third-party research tools. Spreadex maintains an archive of past webinars for on-demand viewing. Spreadex scores higher overall in education and research.
| Feature | OptionWeb | Spreadex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 Spreadex supports 3 (bank transfer, credit/debit card, Skrill). Spreadex uniquely supports Skrill among the two brokers. Spreadex scores higher on deposit and withdrawal flexibility.
| Feature | OptionWeb | Spreadex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| 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 OptionWeb and Spreadex offer live chat support. Both provide phone support. Email support is available at both brokers. OptionWeb supports 2 languages and Spreadex supports 1, giving OptionWeb broader global reach. Both brokers are comparable on support quality.
| Feature | OptionWeb | Spreadex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |