OptionWeb
Uphold
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
OptionWeb was founded in 2012 and is headquartered in Cyprus, while Uphold was established in 2013 and is based in United States. OptionWeb holds licences including Cyprus Securities and Exchange Commission (CySEC), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. OptionWeb serves 10,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $200 at OptionWeb and $1 at Uphold.
| Feature | OptionWeb | Uphold |
|---|---|---|
| Min. Deposit | $200 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2012 | 2013 |
| Country | Cyprus | United States |
| Clients | 10,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between OptionWeb and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $200 at OptionWeb). Neither broker charges withdrawal fees. Overall, Uphold scores higher on fees in our assessment.
| Feature | OptionWeb | Uphold |
|---|---|---|
| Min. Deposit | $200 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
OptionWeb offers MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. OptionWeb edges ahead on platform breadth and functionality in our scoring.
| Feature | OptionWeb | Uphold |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Binary, Tablet & Mobile apps | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how OptionWeb and Uphold compare. Uphold runs regular live webinars; OptionWeb does not. Both provide video tutorials. OptionWeb integrates third-party research tools (Autochartist); Uphold does not. Uphold maintains an archive of past webinars for on-demand viewing. OptionWeb scores higher overall in education and research.
| Feature | OptionWeb | Uphold |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Uphold supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | OptionWeb | Uphold |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| 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 Uphold offer live chat support. OptionWeb offers phone support; Uphold does not. Email support is available at both brokers. OptionWeb supports 2 languages and Uphold supports 1, giving OptionWeb broader global reach. OptionWeb scores higher overall on customer support in our assessment.
| Feature | OptionWeb | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |