OptionWeb
tastyworks
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Overview
OptionWeb was founded in 2012 and is headquartered in Cyprus, while tastyworks was established in 2014 and is based in Belize. OptionWeb holds licences including Cyprus Securities and Exchange Commission (CySEC), while tastyworks is regulated by Financial Conduct Authority (FCA) among others. OptionWeb serves 10,000+ clients worldwide; tastyworks has 150,000+. The minimum deposit is $200 at OptionWeb and $250 at tastyworks.
| Feature | OptionWeb | tastyworks |
|---|---|---|
| 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-F317 |
| Founded | 2012 | 2014 |
| Country | Cyprus | Belize |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between OptionWeb and tastyworks, directly affecting your bottom line as a trader. OptionWeb has a lower barrier to entry with a minimum deposit of $200 (vs $250 at tastyworks). tastyworks charges withdrawal fees while OptionWeb does not, giving OptionWeb an edge for frequent withdrawers. Overall, OptionWeb scores higher on fees in our assessment.
| Feature | OptionWeb | tastyworks |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
OptionWeb offers MT5, cTrader, while tastyworks supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | OptionWeb | tastyworks |
|---|---|---|
| MT4 | No | No |
| 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 tastyworks compare. tastyworks runs regular live webinars; OptionWeb does not. Both provide video tutorials. tastyworks publishes daily market commentary; OptionWeb does not. Both integrate third-party research tools. tastyworks maintains an archive of past webinars for on-demand viewing. tastyworks scores higher overall in education and research.
| Feature | OptionWeb | tastyworks |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
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 tastyworks supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). tastyworks uniquely supports PayPal and Skrill and Neteller among the two brokers. tastyworks scores higher on deposit and withdrawal flexibility.
| Feature | OptionWeb | tastyworks |
|---|---|---|
| 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 tastyworks offer live chat support. Both provide phone support. Email support is available at both brokers. OptionWeb supports 2 languages and tastyworks supports 8, giving tastyworks broader global reach. Both brokers are comparable on support quality.
| Feature | OptionWeb | tastyworks |
|---|---|---|
| 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 |