Optionbit are one of the true grandaddy’s of the binary options industry. They launched in 2006 in what was then a very quiet marketplace. Some might say that even existing this long in such a choppy marketplace is quite an accomplishment. Optionbit are also one of the leaders when it comes to the industry as they have holistically incorporated trading analytical tools and money management features into their trading platform. The company which is owned by Green Galaxy International S.A continues to go from strength to strength and is definitely to be considered a trusted broker.
OptionBit have opted for the Tradologic trading platform, a bold move in an industry where the majority of brokers choose to go for the SpotOption platform. This accounts for some differences in the OptionBit approach to trading. The platform features some useful functionality which incudes trading tools like Close early, Extend feature and Autotrade which allows a trader to keep the trade rolling over automatically.
In terms of the layout, the interface is userfriendly and can be easily adopted and understood by absolute beginners. Assets are neatly arranged on the left side of the platform while the chart is located on the right side of the platform. Traders can view charts in a number of formats including as line charts or candlesticks.
Perhaps one the most unique feature about the OptionBit’s trading platform is the Algobit trading management system that is incorporated with the trading platform.
Dubbed as the MetaTrader for binary options, Algobit is an advanced signal and trading system which has a high track record accuracy for trend identification. With Algobit, traders no longer need to be concerned about what direction that the asset will go but rather need to focus on the timing of the trade.
There is currently a choice of five types of trading contracts at OptionBit across commodities, stocks, indices and currencies. Traders can further access the following platform trade types:
OptionBit offer new traders an educational allowance bonus which is there to help guide traders in the best use of the platform. The promotion is as follows:
Deposit $250 – get 30% bonus
Deposit $500 – get 40% bonus
Deposit $1000 – get 50 % bonus
The payouts at OptionBit vary from70% to 85% for in the money trades. Rebates for out of the money trades ranges from 1% to15%.
Although OptionBit have expanded their coverage of the markets extensively, their list is still not as large as some of the other leading brokers. Nevertheless, traders still have in excess of 65 different types of underlying assets to trade with.
FTSE 100 FUTURE
SPI 200 FUTURE
Support at OptionBit is multi-lingual covering 9 other languages besides from English. To contact the support team, traders can do so through:
OptionBit uses Godaddy SSL 128bit SSL encryption technology to protect its website. As for anti-money laundering compliance, funds transfers are only accepted through channels like credit/debit cards, Skrill Moneybookers and wire transfer.
It’s hard these days to find a reliable broker with a track history to trade with. OptionBit are exactly that, a pioneer to the binary industry they certainly have a solid offering and a solid reputation to match.
|Broker Name||Regulation||Min. Deposit||Leverage||Broker's Promotions|
|1||AVATRADE REVIEW||ASiC , FSA , BVI , Central Bank of Ireland||100 $/€/£||400:1||Limitid time offer - 100% BONUS||OPEN ACCOUNT|
|2||ITRADER REVIEW||CySEC||$250||500||Get up to a 30% welcome bonus on your first deposit||OPEN ACCOUNT|
|3||PLUS500 REVIEW||ASiC , CySEC , FCA||100||1:294||Get up to a 30% bonus on first deposit! *T&Cs apply, Your capital is at risk||OPEN ACCOUNT|
|4||FXTM REVIEW||IFSC , CySEC||$5||Floating 1:100||The FXTM Loyalty Cashback||OPEN ACCOUNT|
|5||FXGLORY REVIEW||FSC||$1||3000:1||Increase your deposit by 50%||OPEN ACCOUNT|