Markets: Forex, Stocks, Commodities, Indices Accepts US Clients: No Min. Deposit: $200 Payouts%: 81  Overall Rating: 4.2 / 5   (Based on 6 User Reviews)
 

OptionBit Review

 

OptionBit Video Review:

A leader in Binary Options trading, OptionBit provides both beginners and professionals with a superior online trading experience as well as state-of-the-art trading tools and services. No previous financial experience is required to become an online trader. In fact, OptionBit will provide you with everything you need to start your online trading career. Our trading platform is suited for novice traders who are interested in earning a second income, but powerful enough to satisfy the demands of professional traders. Start now and receive a bonus of up to 50% on your investment.

What’s New at OptionBit?

OptionBit has launched several new services and trading options, including 60 second trading and one touch trading, that will make your Binary Options experience even more flexible and prosperous than before. In addition, OptionBit is the very first Options broker to have launched the Algobit platform which is instant signals provider.  

The Trading Platform

OptionBit’s trading platform has a wide array of tools and resources useful for binary option trading. Their trading platform is user friendly and also offers a “My Trades” box that indicates trades that are open.

Types of Trading

There are several different types of trades you can execute, which help significantly when having to change your trading strategy. From one touch, autotrader, classic, and more, most people will benefit from the large selection of trading types. While this does mean a little more time and effort must be invested in understanding the different types of trading options, the convenience of having a large pool of trading types is a huge bonus in the long term.

Through the trading platform provider TradoLogic, OptionBit includes the following platform types :

Regular above/below binary options:

OptionBit Review

 
  • Touch trading and range:

    • Extend and Close Now feature
    • With this feature, traders can extend or close their trading options on the spot.

    The Payout

    While there is obviously no guarantee in Binary Options (not sure if we should say?), or any other type of financial trading, OptionBit does allow you to earn a return of up to 400% on your investment. This number is significantly higher than other forms of trading.

    Asset List

    Select from any number of assets, including stocks, commodities, currencies and major indices. A wide selection of assets allows you to specialize in one particular area and enjoy the flexibility of dabbling in several different assets. 

    List of Assets:

    Commodities   

    Currencies    

    Indices

    Stocks

    Bonds   

    Coffee
    Copper
    Crude
    Gold
    Silver
    Sugar

    AUD/USD
    GBP/JPY
    GBP/USD
    EUR/GBP
    EUR/JPY
    EUR/CHF
    EUR/USD
    NZD/USD
    USD/CAD
    USD/JPY
    USD/CHF

    BOVESPA
    Dax future
    Dow Jones
    NASDAQ100
    S&P 500 future   
    CAC future
    FTSE future

    Apple
    Boeing
    Exxon Mobil   
    Google
    McDonald’s
    Microsoft
    Nike
    Vodafone
    ING GROUP
    COCA COLA

    BUND

     

    Bonuses and Promotions
    OptionBit offers their traders a welcome bonus starting at 30%.  For an initial deposit of $200 traders will receive a 30%
    bonus, invest $500 and receive 40% or invest $1,000 and receive a 50% bonus.  Existing clients also receive a ton of different bonus offers and daily rewards including the chance to become part of a VIP program.  The VIP program includes free daily market updates, unprecedented bonuses, expedited withdrawals and free, unlimited personal training with a market analyst.

    Customer Support
    OptionBit™ is there for your every need.  OptionBit™ traders can rest assure that their questions will be answered by a team of reliable customer support representatives, who, through their unmatched service, continue to attract clients from all around the globe.  Support is offered in a selection of languages and is conveniently available through email, live chat and over the phone.

    Fast Withdrawals
    Traders will be pleasantly surprised with the fast withdrawal times at OptionBit. Winnings are sent quickly and without hassle. Making the withdrawal request is quick and convenient. However, the most impressive part of the entire account funds management portion of the OptionBit experience id absolutely the amount of payment options available. Traders have the option of using multiple credits cards and eWallet services and will able to easily transfer funds to their trading account from a wide variety of services.

    Pros

      • Their multi-lingual support is great especially for those who are not fluent in English.
      • The Extend or Close now feature allows traders to lock in their profit (close now) or to allow them increase their profit yield by extending the expiration time for their trades.
      • Autotrading software is a neat little feature that allows traders to automatically rollover their profitable positions. With this feature, traders can take advantage of a momentum without being glued to the screen.

     

    Cons

    The sad part about OptionBit is that they don’t offer any money back for those trades that are out of the money.

    Conclusion

    There are many online binary options brokers in the market today. However, there are none currently that offer both the “Extend or Close now” feature and “Autotrading” software on their trading platform. So far, only OptionBit provide these features for their client. With the ease of use for their trading platform, they are worth a try. 

     

OptionBit User Reviews


Like their User Interface

Straight forward and simple to use! .

Pros:User friendly interface

Cons: No money back for out of the money trades

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
4
Payouts Percentage
 
4
4.6
 

Simple to Work with

The autotrading software is a great time saver. Don’t have to continuously monitor the terminal for rollover trades.

Pros:Nice Autotrading software.

Cons: No live demo account for testing and no money back for out of the money trades.

Ease of Access
 
5
Platform Performance
 
4
Reliability
 
4
Customer Support
 
5
Payouts Percentage
 
4
4.4
 

Smooth Withdrawal process!

Despite hearing many complaints about withdrawal of profits, I haven’t encounter any difficulties yet although the first time took awhile as they verified my identity. .

Pros:No major withdrawal process

Cons: High service fee of $30 charged for subsequent withdrawals.

Ease of Access
 
4
Platform Performance
 
4
Reliability
 
4
Customer Support
 
4
Payouts Percentage
 
5
4.2
 

Good Customer Support People.

Professional and knowledgeable and speak several languages. .

Pros:Easy to understand their support people. Good features on trading platform

Cons: Don’t understand why they don’t have money back for lose trades like other brokers.

Ease of Access
 
4
Platform Performance
 
5
Reliability
 
4
Customer Support
 
5
Payouts Percentage
 
3
4.2
 

OptionBit

I made a lot of money just in 1 day!.

Pros:...

Cons: ...

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
3
Payouts Percentage
 
5
4.2
 
See all 6 user reviews

  Best Binary Options Brokers – Editors’ Picks  More Binary Options Brokers

Forex
Binary Options
Broker Name
Min. Deposit
Payouts
Markets
Brokers Promotions
1
$250
%
Forex, Commodities, Stocks, Indices
No Risk Trading
2
$200
350%
Forex, Commodities, Stocks, Indices
Attractive Welcome bonuses!
3
100
90%
Forex, Commodities, Stocks, Indices
Up to 150% deposit bonus, according to the account type
4
$100
85%
Forex, Commodities, Indices, Stocks
A Welcome Bonus of up to $2500
5
$250
%
Forex, Commodities, Stocks, Indices
Binary Options World with a Risk Free Trade