OptionWeb
Startrader
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Overview
OptionWeb was founded in 2012 and is headquartered in Cyprus, while Startrader was established in 2011 and is based in Hong Kong. OptionWeb holds licences including Cyprus Securities and Exchange Commission (CySEC), while Startrader is regulated by Financial Conduct Authority (FCA) among others. OptionWeb serves 10,000+ clients worldwide; Startrader has 500,000 +. The minimum deposit is $200 at OptionWeb and $50 at Startrader.
| Feature | OptionWeb | Startrader |
|---|---|---|
| Min. Deposit | $200 | $50 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) |
| Founded | 2012 | 2011 |
| Country | Cyprus | Hong Kong |
| Clients | 10,000+ | 500,000 + |
Fees
Fees are a critical factor when choosing between OptionWeb and Startrader, directly affecting your bottom line as a trader. OptionWeb has a lower barrier to entry with a minimum deposit of $200 (vs $50 at Startrader). Startrader charges withdrawal fees while OptionWeb does not, giving OptionWeb an edge for frequent withdrawers. Overall, Startrader scores higher on fees in our assessment.
| Feature | OptionWeb | Startrader |
|---|---|---|
| Min. Deposit | $200 | $50 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
OptionWeb offers MT5, cTrader, while Startrader supports MT4, MT5, cTrader. OptionWeb offers a mobile trading app; mobile availability for Startrader is limited. Startrader supports social and copy trading features, which OptionWeb does not offer. OptionWeb edges ahead on platform breadth and functionality in our scoring.
| Feature | OptionWeb | Startrader |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | Binary, Tablet & Mobile apps | MT4, MT5 and Web Trader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how OptionWeb and Startrader compare. Startrader runs regular live webinars; OptionWeb does not. Both provide video tutorials. Startrader publishes daily market commentary; OptionWeb does not. Both integrate third-party research tools. Startrader maintains an archive of past webinars for on-demand viewing. Startrader scores higher overall in education and research.
| Feature | OptionWeb | Startrader |
|---|---|---|
| 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 Startrader supports 4 (bank transfer, credit/debit card, Skrill, Neteller). Startrader uniquely supports Skrill and Neteller among the two brokers. Startrader scores higher on deposit and withdrawal flexibility.
| Feature | OptionWeb | Startrader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| 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 Startrader 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 | OptionWeb | Startrader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese |