OptionBit Broker Review


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Pros

  • CySEC Regulated

  • Free Demo

  • Superb Educational Package

  • Excellent Trading Platform

Cons
  • Does not accept US traders

Summary

OptionBit is one of the most popular binary options brokers in the industry. Equipped with a regulation from CySEC it offers one of the most dynamic trading platforms along with a superb educational center.

Founded in 2009 by former binary option and forex traders, OptionBit is a fully licensed and regulated binary options brokerage by CySEC. It quickly turned into one of the industry leaders providing both novices and professional traders with a superior online trading experience, along with state-of-the-art trading tools and services.

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OptionBit Broker Review

OptionBit’s platform is incredibly simple to use, but at the same time incredibly dynamic offering a number of features that are sure to enhance you’re trading experience such as exotic forms of trading and an excellent payout option that enables you to properly manage your risk. Its platform is stacked with an ever-growing number of assets. OptionBit additionally allows you to trade on the go with its cutting edge mobile app, which is available for all Android and Apple users.

Additionally OptionBit provides an extensive banking system consisting of numerous deposit and withdrawal methods. Security is paramount to OptionBit which is why all transactions occur on SSL protected pages.

 

Trading Features

OptionBit operates on the TRADOLOGIC platform. It consists of the following features and tools

  • Digital (Above/Below) – This is the widely known and most popular form of binary options trading. All you have to do is determine whether the price of the option will rise or fall before the predetermined expiry rate. Most novice traders prefer this method and when they gain more experience will move on too more innovative options. The payouts range from 171%-180%.
  • Range – Profit is registered if you correctly determine whether the particular asset’s rate in the predetermined expiry time is inside or outside a given range
  • Touch/One Touch – If the price of the chosen asset reaches or surpasses the predetermined barrier you will profit 260-550%.
  • Turbo – It is the same thing as digital trading with one difference. The expiry times are 1, 2 or 5 minutes. Some assets even offer expiry times that are only 15-30 seconds long.

Additionally, OptionBit enables you to use many different trading tools such as Auto trade, Dynamic Payout, Extend, Early Closure and much more.

 

Banking

 

OptionBit Deposit & Withdrawal

Minimum Deposit: $250

Minimum Trade: $10

Return: 67-85% Depending on the asset and feature

Deposit Methods: Visa, MasterCard, Wire transfer, Skrill, WebMoney, Yandex, Qiwi, Neteller

Withdrawal: Processed within 24 hours of the request.

Customer Support and Education

Customer Support: 24/7 Live Chat, Phone and Email

Platform and Support Languages: English, Français, Español, Portugués, Italiano, Deutsch, Svenska, Русский, 日本語,  العربية

Toll Free Phone Support: USA, UK, France, Germany, Portugal, Spain, Italy, Russia, Japan

Since there is no geographical restriction at OptionBit, no matter where you are, you are always privy to 24/7 live chat, email and phone support by highly dedicated and knowledgeable professionals. All inquiries are responded to quickly and efficiently.

OptionBit has an educational center designed for professional traders and novices. If you’re a novice you have access to a loaded and ever-growing library of eBooks, VOD’s and various other tools in order for you to trade like a professional. If on the other hand you’re a professional trader you can hone your skills with advanced VOD’s that provide you with new strategies and trading techniques and eBook’s that can expand your trading horizon.

 

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