Brokers

Option Bit Review 2017

optionbit
Headquarters:
United Kingdom
4.4
Based on 11 User Reviews

Add Your Broker's Review

Give Your Rate|
Open AccountYour Capital is at Risk

Option Bit Video Review

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.

option bit screenshot 1

Trading Platform

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.

option bit screenshot 2

In terms of the layout, the interface is user-friendly 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.

Unique Features

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.

option bit screenshot 3

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.

Trade Types

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:

  • Digital Options
  • Turbo Options
  • Range Options
  • Touch Options

Trading Accounts

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

Payout Ratios

The payouts at OptionBit vary from70% to 85% for in the money trades. Rebates for out of the money trades ranges from 1% to15%.

Asset Index

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.

Customer Support

Support at OptionBit is multi-lingual covering 9 other languages besides from English. To contact the support team, traders can do so through:

  • Email
  • Live Chat
  • Phone
  • Web Contact Form

Reliability

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.

Pros

  • Advanced Charts
  • Algobit Trading Management System
  • Mobile Trading Support
  • Responsive Trading Platform
  • Up To 85% In Returns

Cons

  • Asset List Can Be Expanded

Conclusion

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.

TOP PROMOTIONS

TOP BROKERS

FX Empire - the company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as link result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
FX Empire may receive compensation from the companies featured on the network.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link result of using any data within the FX Empire.