OptionBit – review and feedback on the trading platform

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

OptionBit Review

OptionBit

Broker OptionBit
US Traders Accepted
Company Name Global View International Services Ltd
Headquarters Saint Vincent and the Grenadines; 272 Bath Street, Glasgow G2 4JR, United Kingdom
Regulation No
Bonus Type Match bonus
Bonus Size $500
Max Payout 81%
Out-of-Money Reward 0%
Trading Platform TradoLogic
Deposit Options Credit/debit cards, Western Union, Skrill and bank transfer
Deposit Currencies US Dollar, Euro, and Pound Sterling
Minimum Deposit $200
Minimum Trade $10
Maximum Trade $5,000
Online Since 2020
Trading Instruments Currencies, indices,bonds, commodities and stocks
Number of Trading Instruments 33
Binary Option Types Digital, Touch, Range
Customer Support Types Online chat and phone support (Monday-Friday 7:00AM to 9:00PM, GMT)
Education Offered Binary eCourse, Binary Tutorial, Free e-book on binary trading
Tools Offered Take Profit, Stop Loss & Roll Over
Commission The first withdrawal per calendar month is free, with subsequent withdrawals costing $30.
Languages English, Romanian, Dutch, Spanish, Turkish, French, Portuguese, Italian, Russian, Arabic, Korean, Japanese
Demo Account Free one-time one-day demo account on request

OptionBit offers more than 30 financial instruments for trading. However with OptionBit, traders from the US can trade in stocks only. Incorporated in Saint Vincent and the Grenadines, the binary options broker has an offices in the United Kingdom. They support several European languages besides Arabic, Japanese and Korean languages. The company was founded in 2020 and they offer payouts of up to 81%. They offer an in-the money reward of 75-81% but there is no out-of-money reward and it simply means loss for the trader.

OptionBit is not a regulated brokerage company. The company provides trading platform and tools to help support its registered traders. They provide a Demo Account with single day validity with free account registration. However, for activation of a demo account, the registered user will have to make a request. One can fund their account with a minimum amount of $200 only. And they have different funding modes such as MasterCard, Visa, Western Union, Skrill and bank transfers. Moreover, they offer attractive bonuses for depositing the account for the first time.

Trading Choices

The majority of the brokers offering binary options claim to provide a number of trading choices to its registered users, whereas OptionBit has a small collection of 33 assets. Many traders may not find a suitable trading option with OptionBit because of their limited number of assets. Availability of a wide range of assets brings in more traders to a company, as they get a number of choices. However, for European traders the Bund Bond offered by the company can be an appealing instrument. This German bond is greatly popular in the European asset market. However, they don’t have any asset from South East Asia and the Middle East, besides offering language support for the people of these regions. They however offer a range of currency pairs for trading and this perhaps makes them a profit-making broker.

Reliability

OptionBit is not a regulated company and at the same time, the trading platform offered by them is less commonly used in the industry. These two are the important factors that can make any trader to raise a question about their durability. The live chart support endeavors to make all trading trouble-free and there is hardly any delay in order confirmation.

Technical Analysis

OptionBit is again not a great company when it comes to provide technical analysis and tools to its traders. Traders need best charting and real-time market reports to help assess the market movements appropriately. OptionBit’s tools are not very smart and intuitive to help the traders. Many brokers today provide historical data and multi-directional larger charts whereas OptionBit provides tiny charts that can hardly help a trader to anticipate about the market. OptionBit should think supplying free charts and better tools to its traders so that they can ensure larger profits in the market.

Simplicity of Use

OptionBit has a simple user interface that anyone can easily understand and can start real trading very quickly. The interface is rather plain and clutter-free. The design endeavors to provide a simple navigation feature. However, the feature concerning customization of alerts is missing. Neither a trader can define a set of preferable assets to get alerts related to them. However, the money deposit and withdrawal options are quite simple.

Learning & Support

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

They also claim to offer learning resources in terms of Binary eCourse and Binary Tutorial, but which are not as exhaustive as needed to be to make understand everything about binary options trading. Registered users however can download a free e-book on Binary Trading to help develop a better insight of binary trading. The site also has a Quick Guide video tutorial that takes one through the journey to the binary trade. A FAQ page and live chat support are also there to help the users.

Conclusion

The best thing is that their minimum deposit is $200 only, which is very low initial investment for entering the binary options market and can be a preferable choice for the small investors. However, the trading platform offered by them is not used commonly in the industry. This may keep pro traders away from them. Moreover, they offer a limited number of options, which an expert trader may find again a less attractive aspect. And above all, they are not regulated by any organization or body and this limitation can keep many trading aspirants away from OptionBit.

OptionBit , 2.0 out of 10 based on 1 rating

OptionBit – review and feedback on the trading platform

✅ This Trading Platform is available in Russia

Overview of binary options brokers: OptionBit

The modern world financial market is a very complex mechanism with a huge number of participants, each of which has a certain impact on its functioning and, in parallel, it itself depends on the current situation in this segment of the economy. For example, the appreciation of one of the popular currencies, caused by the foreign economic activity of the issuing country, stimulates market participants to conclude contracts for the purchase / sale of these fiat money. But the active activity of traders, at some point, can change the situation: accelerate the growth of the rate, suspend this process or play the role of one of the key factors that will cause the value of the currency to fall relative to other monetary units.

The presented example is only one of hundreds of important indicators that you need to consider when choosing a broker to perform transactions with known trading instruments. But this is possible only in theory. To make a huge list of important parameters and based on the information received to conduct a detailed comparative analysis of prospective brokers is virtually impossible.

But, how then should a trader begin to choose a trading platform to work on it in order to make a profit, so as not to become a victim of scammers? Professionals recommend studying such important criteria as the “age” of the broker, the level of capitalization, reviews of analysts, the presence / absence of regulators, etc., and collecting all the data listed (within 10-20 pieces, not 100-300 , as stated earlier), a potential trader will see the potential of the trading platform and will be able to determine how much it corresponds to his personal interests and goals.

Let’s consider how this is done in practice, using as an example the OptionBit broker, which can be found in the network of various reviews: from gross charges of fraud, to “awarding the title” of the most reliable and promising trading platform among all currently existing companies that provide similar services.

General Characteristics of OptionBit

In 2020, Novox Capital LTD registered a web resource in Cyprus, which is well-deservedly considered one of the first brokers of binary options in the entire territory of former post-Soviet republics and European countries.

User safety and business regulator

The use of Tradelogic platform, known among the participants of the world financial market, allowed the broker not only to become popular for a short period of time, but also provided an opportunity to guarantee to its clients the safety of personal information, as well as the safety of the invested financial resources.

The application created for the OptionBit perfectly copes with its functional tasks and protects users’ accounts from hacker attacks. An additional factor of security for users of the trading platform is the service of technical and financial support of the project participants. Using e-mail, online chat and telephone communication, each trader can ask the company’s specialists any question related to the activities of the broker presented.

But not all users are satisfied with the support service. Some traders complain that it is very difficult to contact with representatives of the company, others – that it is impossible to get an answer to your question sent by e-mail, etc. Perhaps this factor caused the users of the web resource to evaluate its reliability as an average.

A company registered in Cyprus has the relevant license of the Cyprus Commission for Stock Exchanges and Securities (CySEC), which is quite convincing proof of the reliability of this broker.

Education of traders

In order to gain access to training materials, it is necessary not only to register an account with OptionBit, but also to replenish your trading account. After that, the client of this broker can pass in a chat mode (or by phone) a full course of study: from general acquaintance with financial markets and terminology to the analysis of basic salary strategies used.

Clients of the trading platform are also provided with a special e-book (about working with binary options), video lessons, as well as a section of the site “Questions and Answers”, where you can find a lot of useful information on online trading.

The demo account provided on the OptionBit allows newcomers to practice how to perform operations, what to focus on, planning to work on a specific scheme and what “pitfalls” prevent traders from earning huge sums.

Important information about the OptionBit trading platform

To create a common “picture” about the trading platform of OptionBit, it is necessary to study all the issues related to the trading accounts of this resource, replenishment / withdrawal of funds, as well as the assets traded by the company.

Trading account

Continuing the analysis of the presented trading floor, it is necessary to study all financial issues so that a novice trader knows how much money he needs to participate in the submitted project.

● The minimum deposit is $ 200.

● The minimum / maximum rate of 10/5 thousand dollars.

● The average yield is 81%.

● Trading account currencies: British pound, US dollar and euro.

● The presence of a large number of bonuses: for the first replenishment of $ 100, and for each subsequent – the amount of reward depends on how much the trader has replenished his account.

Preparing for the OptionBit review, you need to warn potential traders that they have only one free withdrawal of money from the account, for all subsequent need to pay $ 30.

Deposit / Withdrawal of money

In order to replenish your deposit or withdraw money from your account, you can use the following options:

● Plastic cards of financial and credit institutions (Visa, Mastercard).

This list is basic, in some regions other ways of replenishing the account are allowed. And it is quite possible that in a month or two, the submitted list may completely change.

Assets

Compiled on OptionBit reviews, especially do not focus readers’ attention on available trading tools. The considered company is a broker of binary options, which means that all operations available on this trading platform are related to the classical methods of operation of such trading platforms.

Major assets include:

● Shares / securities of large enterprises, international concerns.

● Goods (precious metals, raw materials).

An objective review of this topic will help novice traders correctly organize their work on the presented platform, avoiding serious mistakes and unnecessary financial expenses.

OptionBit Review

Trading Platform OptionBit

OptionBit’s trading platform offers a wide range of useful resources and tools. It is user friendly and provides a “My Trades” box that indicates open trades.

OptionBit offers a range of advanced trading tools for a successful trading experience. All tools are available when trading currency digital trades only. You will be able to activate and use the trading tools starting five minutes after entering the trade and until 10 minutes before expiry. The trading tools offered are ‘Close’, ‘Extend’, and ‘Auto Trade’.

This broker also offers mobile apps compatible with Android and iOS platforms to enable trading on the go.

OptionBit’s mobile app offers the following features:

  • Unlimited access to commodities, currencies, and other markets
  • Wide variety of account management tools
  • No commissions or hidden fees
  • Reliable round the clock support

All the platforms are web-based and there is no need for any download or installation for trading. Your money is safe with this broker as it uses the 128-bit SSL security system (Secure Socket Layer) to protect your funds.

OptionBit offers a dedicated training program to help traders trade successfully. You can opt for training over live chat or phone as per your convenience. The training sessions are 1-on-1, conducted between the trader and the market analyst assigned to his account.

The training sessions include the following topics:

  • General introduction to financial markets
  • Fundamental analysis
  • Technical analysis
  • Trading strategies
  • Indicators

The training will continue for as long as the trader feels he needs it.

  • User-friendly interface
  • Reliable multi-lingual support
  • The Extend or Close now feature allows you to lock in your profit (close now) or increase your profit by extending the expiry time of your trades.
  • Autotrading allows you to automatically roll over your profitable positions. You can use this feature to benefit from a momentum without being glued to the screen.
  • No live demo account for testing
  • No money back for out-of-the-money trades

Platform type: Tradologic

Platform Languages: English, Spanish, German, French, Russian, Japanese, Italian, Turkish, Arabic

OS Compatibility: Mac OS, iOS, Windows, Android

Streaming News Feed: Yes

Email Alerts: Yes

Mobile Alerts: Yes

Company information OptionBit

Located in: Cyprus

Website: www.optionbit.com

Founded in: 2009

Accepts US Clients: No

Phone number: 0044 (0) 203 150 0934

Email: [email protected]

Account Options OptionBit

Commission:

Minimum Deposit: $200

Payouts Percentage: 81%

Deposit Options: Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Moneybookers

Withdrawal Options: Webmoney, Credit Card, Bank Wire Transfer

Payout Ratios: OptionBit allows you to earn a payout of up to 400% on your investment.

Available Assets OptionBit

Oil, Gold, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Spanish, German, French, Russian, Italian

Customer Service Hours: OptionBit provides 24-hour customer support.

Place Trades Over the Phone?: No

OptionBit Trade types

OptionBit offers the following trade types: one touch, autotrader, and classic. The broker’s Tradologic trading platform includes the following trading types: regular above/below binary options, touch trading and range, as well as “extend” and “close now” features. Option types offered on the website are digital, one touch, touch/no touch, range, and turbo.

OptionBit Trade accounts

OptionBit offers four types of trading accounts:

  • Minimum deposit is $200
  • Welcome bonus up to 30%, loyalty bonus up to 30%
  • eBook on binary options trading and trading with OptionBit
  • Personal trading analyst
  • Free trading alerts
  • Daily market review
  • Account manager
  • Training materials like financial charts and webinars
  • One free monthly withdrawal
  • Minimum deposit is $1000
  • Welcome bonus up to 50%, loyalty bonus up to 100%
  • All features of Mini Account, plus:
  • Soft copies of digital lessons
  • Market reviews twice daily
  • One on one trading sessions up to 5 times every day
  • Minimum deposit is $10,000
  • Welcome bonus up to 75%, loyalty bonus up to 100%
  • All features of Standard Account, plus:
  • Two free withdrawals per month
  • Unlimited one on one trading sessions
  • Market expert to handle your account personally
  • Minimum deposit is $50,000+
  • Contact the broker for information

OptionBit Position In Our Categories

Position of OptionBit in our main categories:

OptionBit is one of the top 20 Binary Options Brokers products

If you are interested in OptionBit it might also be a good idea to check out other subcategories of Binary Options Brokers listed in our base of B2B software reviews.

It’s important to note that virtually no service in the Binary Options Brokers category is an ideal solution that can meet all the goals of various investors. It may be a good idea to read a few OptionBit reviews first as some solutions might actually dominate exclusively in a specific geography or situation or be created with a really specific customer in mind. Others might operate with an idea of being simple and intuitive and therefore lack complex functions welcomed by more experienced users. You can also come across services that cater to a broad group of users and offer a complex feature base, but that in most cases comes at a more expensive price of such a solution. Ensure you’re aware of your requirements so that you choose a service that offers exactly the features you search for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and OptionBit reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with OptionBit. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Like this post? Please share to your friends:
Guide How To Become Binary Options Trader
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: