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Review of Optionbit

Details

Broker Optionbit
Website URL www.optionbit.com
Founded 2011
Headquarters Cyprus
Support Types Live Chat, Support Mail
Languages English, Spanish, French, German, Italian, Swedish, Russian, Japanese, Portuguese
Trading Platform Tradologic
Minimum 1st Deposit $200
Minimum Account Size $200
Minimum Trade Amount $10
Maximum Trade Amount $500
Bonus Up to 100% first deposit bonus
Payout 88%
Free Demo Account Yes
Account Types Mini, Standard, VIP
Deposit Methods Visa, Mastercard, Amex, Bank Wire, Skrill, WebMoney, PaysafeCard
Withdrawal Methods Visa, Mastercard, Amex, Bank Wire, Skrill, WebMoney
Number of Assets 70+
Expiry Times 15sec 30sec, 60sec, 2min, 15 min, 30min, 1 hr, 24h, 24hr+, 150 days
Types of Assets Currencies, Stocks, Indices, Commodities
Option Types High / Low, One Touch, Boundary, Touch Options
Account Currency USD, EUR, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.7

Pros

  • User-friendly interface
  • Low bonus wager requirements

Cons

  • Doesn't accept US customers
Introduction

Bitcoin is an industry that has grown tremendously since its first implementation. People all over the U.S. and abroad have an opportunity to participate in trading digital money online. Even though no one source has complete control over bitcoin and its activities, there are sites like Optionbit.com that offer a diversity of opportunities to earn this digital money by trading. Therefore, for those of you who may want to know more about Optionbit.com and what this site entails, here’s some information about this brokers’ background and their current services.

About the broker

Though there are many different types of binary option brokers in the industry today, it is important to note that some are much more efficient and effective than others in the industry. So, it is very important that everyone understand the distinctions that make some binary option brokers much more successful than the others. One in specific that people may want to pay close attention to is Optionbit. Optionbit is considered to be one of the leading brokers in its field since it has a number of benefits that offers to the clients that they represent.

More importantly, the advantages that this broker offers are unmatched when it comes to providing the most recent and advanced technologies. With an easy to use platform, they are fully equipped with the most innovative trading tool as well as option types. This broker has already looked ahead well in advance to supply a robust asset for those who want to take advantage of it.

Their primary objective is to ensure that everyone across the globe has accessibility to these worldwide trading experiences. To make sure people can maximize their efforts, OptionBit operates under the basic concept that success in this area should be open to everyone who has an interest. To assist with accommodating the needs of both newbies and veterans alike, OptionBit has designed and developed an education center that focuses on outlining a series of interactive videos that are educations for those how want and need a highly interactive experience as they learn. Videos, one on one instruction sessions, and ebooks are offered to those who are interested in getting started right away.

History/Background?

Founded in 2010, Optionbit.com has been around for at least 6 years now. The company has its headquarters located in Cyprus so its activities and brokers can be found there. Regulated by the CySEC, it is does not offer US traders the capability to trade. So, US traders will need to know this before they make plans to make an investment.

The platform that these trade brokers offer is based on Tradologic which is known for being one of the latest and most innovative trading systems in the industry. For those who want to trade on this platform, they are required to provide to give a minimum deposit of $200 dollars, while also requiring a minimum trade of $10 and a maximum of $5.000 dollars. It is also important to note that traders will be required to start off with a deposit bonus of up to 100%.

Services Offered?

To service their clients, OptionBit has established a number of different services that traders can take advantage of. With a 24 hour 6 day a week staff, traders have access to professional customer service teams as well as multi-lingual account managers. These professionals have the skills, knowledge and the expertise needed to help with all kinds of different inquiries, including provided unlimited guidance to those who are concerned with creating a win win trading strategy that works every time.

What can you trade?

Option bit offers a diversity of trading options. Some of the more notable included on its website today are as follows:

Currencies

EUR/USD
USD/JPY
EUR/JPY
GBP/JPY

Commodities

Coffee
Silver
Copper
Crude
Gold
Platinum

Stocks

Apple
Google
General Electric
Exxon Mobile
Morgan Stanley
Boeing
McDonald’s
Amazon
Citigroup
Microsoft
Coca-Cola Co
Pepsi Co

Trading Software Used

OptionBit provides advanced software tools that can be used by those who want to participate in their platform’s trading. Learning the difference between each can assist with creating winning strategies. For instance, the close tool gives traders the capabilities to close their losing options so that they do not lose their entire investments.

On the other hand, if the trader decides that they want to prolong their options, they may choose the extend tool to help them. The extend tool can be used to extend an option until its next expiry time. Specifically, in the situations where the trader believes that the prediction that they are going by will take longer that they initially realized. It is also important to note that this tool will only give the trader the option of extending it once.

Trading Software Used

OptionBit provides advanced software tools that can be used by those who want to participate in their platform’s trading. Learning the difference between each can assist with creating winning strategies. For instance, the close tool gives traders the capabilities to close their losing options so that they do not lose their entire investments.

On the other hand, if the trader decides that they want to prolong their options, they may choose the extend tool to help them. The extend tool can be used to extend an option until its next expiry time. Specifically, in the situations where the trader believes that the prediction that they are going by will take longer that they initially realized. It is also important to note that this tool will only give the trader the option of extending it once.

BONUSES Offered

In addition to providing software tools to assist traders with closing and extending options, OptionBit gives their traders complimentary amounts of trading money that they can use, after they have made the initial deposit. These complimentary amounts are called bonuses. However, it is also important for traders to know that these bonuses are subject to trading requirements that have been established by OptionBit. These requirements regulate what amounts can be withdrawn as profits and when. For instance, when the bonuses are deemed as active, it usually means that the trader has not made all of the trading requirements that have been set.

Where can I view my bonus history?

If a trader has questions about the status of their bonuses, they can find the information listed on their bonus history. To access this information, all the trader has to do is click on the tab ‘bonus history’ in order for it to be displayed. This tab can be found on the lower menu that say ‘cashier.’ The history will give a brief description of each bonus along with its trading requirements.

Customer Support

OptionBit is also known for its customer support resources that they have available. The team is skilled in responding promptly to any questions and support that is needed to trade efficiently and effectively. With round a clock support, the trader has a number of different options, which is based on their specific needs or preferences. For instance, when support is needed, customer support is available via online and chat and email. Also, if needed, traders can leave a message via phone so that they can obtain a quick response.

OptionBit is a sophisticated option trading system that people have access to via Optionbit.com. This broker provides a wide variety of different trading services that people can participate in all over the U.S. The software tools used to assist an individual with their trades can help to facilitate both closes to minimizes losses and extensions in expiry dates to maximize the possibilities of larger expected wins. Whatever the situation, OptionBit is an ideal platform for traders who want to make the best out of all of their trading services including the bonuses that have been provided.

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