Brokers

Option Bit Video Review:

 

 

option bit screenshot 1

 

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.

 

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 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.

 

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.

 

Currencies

Commodities

INDICES

Stocks

AUD/USD

EUR/GBP

EUR/JPY

EUR/USD

GBP/JPY

GBP/USD

NZD/USD

USD/CAD

USD/CHF

USD/JPY

USD/NOK

USD/RUB

USD/SEK

 

COPPER

CRUDE

GOLD

SILVER

AEX-25

BEL-20

BOVESPA

CAC FUTURE

DAX FUTURE

FTSE 100 FUTURE

IBEX

NASDAQ

NASDAQ FUTURE

NIKKEI 225

S&P FUTURE

SPI 200 FUTURE

TOPIX 500

 

ALLIANZ

AMAZON

APPLE

BAIDU

BAYER

BMW

BOEING

BP

CHEVRON

CITIGROUP

COCACOLA

DANONE

DEUTSCHE TELEKOM

DISNEY

EBAY

EXXON MOBILE

FACEBOOK

FRANCE TELECOM

GAZPROM

GENERAL ELECTRIC

GOOGLE

HONDA

HSBC

INTEL

KONAMI

MCDONALDS

MICROSOFT

MITSUBISHI

MORGAN STANLEY

NIKE

RENAULT

REPSOL

SIEMENS

SONY

TELEFONICA

TOTAL

TOYOTA

VIVENDI

VODAFONE

 

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.

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