OptionBit Review
Trading Platform OptionBit
OptionBit’s trading platform offers a wide range of useful resources and tools. It is user friendly and provides a “My Trades” box that indicates open trades.
OptionBit offers a range of advanced trading tools for a successful trading experience. All tools are available when trading currency digital trades only. You will be able to activate and use the trading tools starting five minutes after entering the trade and until 10 minutes before expiry. The trading tools offered are ‘Close’, ‘Extend’, and ‘Auto Trade’.
This broker also offers mobile apps compatible with Android and iOS platforms to enable trading on the go.
OptionBit’s mobile app offers the following features:
- Unlimited access to commodities, currencies, and other markets
- Wide variety of account management tools
- No commissions or hidden fees
- Reliable round the clock support
All the platforms are web-based and there is no need for any download or installation for trading. Your money is safe with this broker as it uses the 128-bit SSL security system (Secure Socket Layer) to protect your funds.
OptionBit offers a dedicated training program to help traders trade successfully. You can opt for training over live chat or phone as per your convenience. The training sessions are 1-on-1, conducted between the trader and the market analyst assigned to his account.
The training sessions include the following topics:
- General introduction to financial markets
- Fundamental analysis
- Technical analysis
- Trading strategies
- Indicators
The training will continue for as long as the trader feels he needs it.
Pros
- User-friendly interface
- Reliable multi-lingual support
- The Extend or Close now feature allows you to lock in your profit (close now) or increase your profit by extending the expiry time of your trades.
- Autotrading allows you to automatically roll over your profitable positions. You can use this feature to benefit from a momentum without being glued to the screen.
Cons
- No live demo account for testing
- No money back for out-of-the-money trades
Platform type: Tradologic
Platform Languages: English, Spanish, German, French, Russian, Japanese, Italian, Turkish, Arabic
OS Compatibility: Mac OS, iOS, Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes
Company information OptionBit
Located in: Cyprus
Website: https://optionbit.com
Founded in: 2009
Accepts US Clients: No
Phone number: 0044 (0) 203 150 0934
Email: support@optionbit.com
Account Options OptionBit
Commission:
Minimum Deposit: $200
Payouts Percentage: 81%
Deposit Options: Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Moneybookers
Withdrawal Options: Webmoney, Credit Card, Bank Wire Transfer
Payout Ratios: OptionBit allows you to earn a payout of up to 400% on your investment.
Available Assets OptionBit
Oil, Gold, Indices, Stocks, Commodities
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
Customer Support Languages: English, Spanish, German, French, Russian, Italian
Customer Service Hours: OptionBit provides 24-hour customer support.
Place Trades Over the Phone?: No
OptionBit Trade types
OptionBit offers the following trade types: one touch, autotrader, and classic. The broker’s Tradologic trading platform includes the following trading types: regular above/below binary options, touch trading and range, as well as “extend” and “close now” features. Option types offered on the website are digital, one touch, touch/no touch, range, and turbo.
OptionBit Trade accounts
OptionBit offers four types of trading accounts:
Mini Account
- Minimum deposit is $200
- Welcome bonus up to 30%, loyalty bonus up to 30%
- eBook on binary options trading and trading with OptionBit
- Personal trading analyst
- Free trading alerts
- Daily market review
- Account manager
- Training materials like financial charts and webinars
- One free monthly withdrawal
Standard Account
- Minimum deposit is $1000
- Welcome bonus up to 50%, loyalty bonus up to 100%
- All features of Mini Account, plus:
- Soft copies of digital lessons
- Market reviews twice daily
- One on one trading sessions up to 5 times every day
VIP Account
- Minimum deposit is $10,000
- Welcome bonus up to 75%, loyalty bonus up to 100%
- All features of Standard Account, plus:
- Two free withdrawals per month
- Unlimited one on one trading sessions
- Market expert to handle your account personally
Diamond Account
- Minimum deposit is $50,000+
- Contact the broker for information
OptionBit Position In Our Categories
Position of OptionBit in our main categories:
TOP
20
OptionBit is one of the top 20 Binary Options Brokers products
If you are considering OptionBit it could also be beneficial to analyze other subcategories of Binary Options Brokers gathered in our base of SaaS software reviews.
It's crucial to note that hardly any service in the Binary Options Brokers category is a perfect solution able to meet all the needs of different investors. It may be a good idea to read a few OptionBit reviews first as specific solutions might actually excel just in a specific geography or situation or be created with a really specific customer in mind. Others may function with an idea of being easy and intuitive and as a result lack advanced functionalities desired by more experienced users. You can also find services that focus on a wide group of customers and give you a rich feature base, but this frequently comes at a higher price of such a service. Make sure you're aware of your requirements so that you choose a service that provides exactly the features you search for.
User Satisfaction
Positive Social Media Mentions
5
Negative Social Media Mentions
0
We are aware that when you choose to purchase a Binary Options Brokers it’s important not only to learn how professionals score it in their reviews, but also to discover whether the real clients and enterprises that purchased this software are indeed satisfied with the service. Because of that need we’ve created our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and OptionBit reviews across a broad range of social media sites. The data is then displayed in a simple to digest format indicating how many customers had positive and negative experience with OptionBit. With that information at your disposal you should be equipped to make an informed buying decision that you won’t regret.
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What Bonus Does OptionBit Offer?
No Deposit Bonus:
No
Bonus for First Deposit:
No
Is the Bonus Based on
the Volume of the Transaction?:
No
Other Bonuses:
No
OptionBit offers a welcome bonus starting at 30%. For an initial deposit of $200 you get a 30%
bonus, for $500 deposit you get 40%, and for $1,000 receive a 50% bonus. There are also other bonus offers and daily rewards. Plus, traders get a chance to be included in the VIP program which offers free, unlimited personal training with an expert, fast withdrawals, bonuses, and free daily market updates.
Reliability of OptionBit
As OptionBit is based in Cyprus it confirms to the requirements and regulations stipulated by the Cyprus Securities and Exchange Commission. This broker has been focusing on improving the quality of its service to expand its foothold in the binary options trading market. This indicates OptionBit is a reliable broker.
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