OptionBit

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Mobile App OptionBit ios App OptionBit android App
Minimum Deposit $250
Minimum Trade $10
Maximum Trade $5000
Payment methods
  • Credit cards
  • Bank wire
  • Neosurf
  • Paysafecard
  • Skrill
Currencies
  • CAD
  • AUD
  • BRL
  • EUR
  • GBP
  • JPY
  • RUB
  • USD
  • ZAR
Languages
  • English
  • العربية
  • Deutsch
  • Español
  • Italiano
  • 日本語
  • Português
  • Русский
  • Svenska
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Rating
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Review

Binary Options is quickly conquering the broader financial world. Over the last few years, many binary options brokerages have entered this arena. Among these companies is OptionBit. Founded in 2009 by former binary options and forex traders, OptionBit quickly became known for its innovation and creativity. They are now one of the most respected brokers in the industry. In a short time, they have quickly become one of the industry leaders providing both novices and professional traders with an unparalleled online trading experience, along with state-of-the-art trading tools and services.
No previous experience or financial knowledge is required to become an online trader. Its trading platform is suited for beginners who are interested in earning a secondary income, but dynamic enough to satisfy the demands of professional traders.
OptionBit is licensed and regulated by CySEC, which requires all traders to provide full documentation to OptionBit when opening up a trading account. This is for the traders’ safety and security.

What is OptionBit?

OptionBit is a popular broker offering trading binary options. It is possible to trade from a PC, Mac, an Android tablet or iPad, iPhone or Android. OptionBit also has a mobile app that functions the same as the desktop version so it is possible to trade anywhere and anytime.

Why choose OptionBit?

OptionBit is one of the most premier binary options brokers in the industry. OptionBit offers the latest technology on a dynamic but easy-to-use platform. It is fully equipped with all of the latest trading tools, option types and a robust asset folder in order to make your trading experience as successful as possible.
OptionBit’s platform was specifically designed with the primary goal of making the world of online trading accessible to all, regardless of the level of experience and increasing your chance of success. OptionBit has created a wide-ranging educational center consisting of a series of highly interactive educational videos, a binary options eBook, 1-on-1 instruction sessions and much more.
OptionBit also offers the best customer service at all times. They have professional, multi-lingual account managers and their customer service team are able to fully assist you with all inquiries and provide you with unlimited guidance in your trading strategy. Their support service is available 24 hours a day, 6 days a week.

OptionBit Platform

OptionBit has a dynamic trading platform that is intuitive and surprisingly easy-to-use. OptionBit knows that usability of the platform is of vital importance to the trader. The platform offers you a wide range of different tools and features that are sure to enhance your trading experience. For example, OptionBit enables you to close a trade before the expiry time and gives you the opportunity to extend your trade to the next expiry cycle with the ‘Extend Now’ feature. They also have the ‘AutoTrade’ feature which is useful for long-term strategy planning, as it re-opens winning trades. The trading platform is available in a range of different languages including Spanish, Italian, Russian, German, Japanese and Arabic.
OptionBit have a range of binary option types including:
• Digital Above/Below options – this is widely known and most popular form of binary options trading. All you have to do is determine whether the option price will rise or fall before the predetermined expiry rate. This is preferable for novice traders and when they gain more experience they will move on to more innovative options.
• Range – profit is registered if you correctly determine whether the particular asset’s rate is in the predetermined expiry time and is inside or outside a given range.
• Touch/One-Touch – if the price of the chosen asset reaches or surpasses the predetermined barrier.
• Turbo – similar to digital trading but has shorter expiry times. This is more suited to experienced traders. The expiry times on turbo can be as little as 15 seconds.
The platform is also solely web-based which means that the trading platform can operate on all web browsers and you can trade anyplace, anytime. It also means that no downloads are required that can slow down your computer. OptionBit also provides you with a mobile-based application that is available for Android, tablet, iPhone and iPad users, which requires no download and has all the same features and functions that are the same as the desktop version.

Assets

OptionBit trading platform has an extensive range of currency pairs, commodities, stocks and indices to choose from. OptionBit offers over 200 valuable assets including Facebook, Apple, Amazon, HSBC and Disney. They also have a range of commodities including gold and silver. They have a range of currencies to trade including USD, AUD, GBP, JPY, EUR, CAD, NZD.
The platform also provides you with up-to-date market information along with a built-in signal system that constantly scans the financial markets, ensuring you that your trades are accurate and reliable.

Account Types

Currently there are three types of accounts: Mini, Standard, and VIP. However, no matter what account you choose you are entitled to a personal account manager, video tutorials, trading alerts, daily market review and excellent bonuses.

Safety and Security

OptionBit is committed to the security of its traders as it is regulated and licensed by CySEC. The company operates using the highest security standards along with sophisticated technology when you make deposits and withdrawals. SSL (Security Socket Layer) technology, which is used by most major financial institutions, provides OptionBit with digital encryption that protects all transactions.

Deposit and Withdrawal

OptionBit allows traders to make an initial deposit with all of the traditional payment options. Just simply click on the cashier tab where you will be asked your preferred payment method and the amount you would like to deposit. After you have made your deposit you can proceed to the ‘proceed to secure checkout ‘tab where you will be led to an SSL protected page where you will be asked to fill in your details to your preferred payment.
You also have the option to withdraw your money at any given point of time and within 5-10 business days the money will be back in your account. All you have to do is locate the withdrawal button at the bottom of the main cashier page. Once you click on it you will then be asked to choose your desired amount to withdraw and a preferred payment method. This is conducted on an SSL protected page, for your safety and security.

Education and Support

Another key feature of OptionBit is their educational program. Whether you’re a beginner or an experienced trader, OptionBit firmly believes that there is always something new to learn. If you are a novice you have access to a library of e-Books, video tutorials and various other educational tools that teach you how to trade like a professional. If you are an experienced trader, OptionBit gives you the opportunity to gain more knowledge with advanced video tutorials that emphasize new strategies and trading techniques. There is also an eBook that can improve your trading techniques. Regardless of your account you also receive daily market reviews, trading signals, an economic calendar, and access to a blog that provides extensive coverage to relevant financial topics. The up-to-date OptionBit blog has posts on a wide range of topics relating to economic news and features.

Customer Support

OptionBit provides its traders with excellent customer service support. There are a range of multi-lingual account managers that are dedicated to helping you and speak your language. There is 24/6 live chat, email and phone support by highly dedicated professionals. There is no geographical restriction at OptionBit, no matter where you are, they always provide support.
The support team is professional and trained. They are helpful and ready to help if there is a problem or assistance is needed.
OptionBit have a team of experts that are able to assist you round the clock with any support you may require. They respond to all questions promptly and can be contacted via online chat, email or phone.

Bonus

OptionBit has a rewarding bonus structure. Depending on the type of account, OptionBit provides you with some of the best bonuses in the industry. These rewarding bonuses are pivotal to maximizing the trading experience. No matter what type of account you have there are a range of bonus and promotions on offer. The higher your account, the more lucrative and rewarding the bonuses are (Bonuses are subject to terms and conditions).

Conclusion

OptionBit is an excellent choice for beginners and experienced traders looking to maximize their profit potential. With a dynamic but surprisingly simple-to-use trading platform gives its traders an unparalleled trading experience.
OptionBit has excellent customer service support and have great educational resources. They also have a range of different assets and commodities to choose from.
OptionBit is a good binary operations broker that enjoys an excellent reputation among its traders. The OptionBit platform is reliable, safe and trusted. OptionBit is an excellent choice for beginners looking to enter the binary options world and for experienced traders looking to maximize their earnings potential. They are regulated and licensed by CySEC for traders’ safety and security.

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