OptionBit Review
Binary trading is a highly rewarding options business in the world at present and so large a number of people are getting more and more inclined towards this trade. In binary trading, it is possible for a trader to earn thousands of dollars within a very short time. The traditional ways, on the other hand, are not as fast as Binary option that means a binary option trader has more chances of winning during trading on a single day. It is to be kept in mind that there is a large number of trading platforms in the world and so it is better to make a careful choice from the options in hand. Over the last few years, many new online trading platforms have been introduced in the market, and OptionBit is one of them with several useful features. This unique binary trading platform has made the trade a lot easier and has largely enhanced the profit potential in the business.
OptionBit Basic Information
OptionBit was founded in 2009 and is thus one of the oldest online trading platforms in the world. It has its headquarters in Cyprus but caters to a global client base. It provides traders the ability to trade stocks, currency pairs, commodities and indices in the market. Also, it provides 3 unique types of binary option as Digital, Touch and Range. It is based on the most advanced Binary Options trading systems in the industry. With a huge experience in this field, OptionBit can easily be the first choice for those who want to garner some hefty profits with a small investment within a very little time.
Web-Based Platform
Option Bit is 100% web-based platform, and this feature goes well with those who want to be in the business throughout. The main advantage of using a web based trading platform is that traders do not have to download any specific software on their computer. Instead, they can make use of the internet and take part in the trade at any time and from anywhere they want. Clients can trade online by seeing multiple charts on clicking Multi button of the chart. Trading through a special software program only limits the trader’s ability to trade according to his convenience, and so it is always better to go with an online trading platform. With the increase in the demand for online trading platforms, OptionBit has emerged to be one of the most favorite trading platforms in the world.
Assets
OptionBit offers a large number of assets that traders can easily choose from. The list of assets that this platform offers includes 13 currency pairs, 39 stocks, 13 indices and 4 commodities. More the number of assets better the chance of getting the right one. People can choose their desired asset from stocks, commodities, currencies and indices. It is to be kept in mind that the choice of an asset plays a very important role in making the trade, a successful affair.
Option Types
OptionBit offers five types of options that include the Digital Options, The Range Options, The Touch Options, One Touch Options and Sixty Seconds Options. It is needless to mention that when it comes to selecting an option, the factor that plays the most important role is the profitability. Also, different types of options require different approaches, and so it is essential for traders to make a choice of the right option. As with Digital option, you need to predict about the price of the underlying asset; whether the price will increase or decrease. But those who want to earn some quick profits within a very little time can go for One-Touch Options. In this option, traders have to touch the predetermined strike price before the time of expiration. As traders can really earn some good amount of profit through this option but they have to be careful enough about their trade.
Payout
The payout in OptionBit is higher than the market standard. However, other trading platforms offer payout between 65 and 71 percent but OptionBit offers a lucrative payout of 81 percent on the money trades. In some specific trades, it is also possible for traders to earn a payout as high as 400 percent. Those who are in search of some quick profits can always opt for this platform.
Customer Support Service
OptionBit offers a commendable customer support service in seven different languages. These include Portuguese, Spanish, Italian, Russian, German, French and English. As a result, traders from different parts of the world can trade through this platform. The customer support service is offered 24 hours a day and for seven days a week by dedicated and experienced staff. Traders can either call the customer support executive over the phone or request a Live Chat session in order to have some real time advice.
OptionBit also offers free training to those who are new to this business with a view to make binary trading a lot easier than before. It is therefore, quite obvious that OptionBit can be of great help to those who want to have a successful career in binary trading.
Awards
Overview
| Broker | OptionBit |
|---|---|
| Official Website URL | www.optionbit.com |
| Founded | 2009 |
| Headquarters | Cyprus |
| Support Types | Email, Online Chat, Phone, Newsletter |
| Supported Languages | English, French, German, Italian, Portuguese, Russian, and Spanish |
| Trading Platform | Tradologic |
| Minimum 1st Deposit | $200 |
| Minimum Account Size | $100 |
| Minimum Trade Amount | $10-20 |
| Bonus | A negotiated bonus of 100% is applied to each first deposit |
| Payout | 75-81 % |
| Free Demo Account |  |
| Deposit Methods | Bank transfer, Credit card, Moneybooker, NeoSurf, PaySafeCard, WebMoney |
| Trading Methods | 60 Seconds Options, Digital Options, One Touch Options, Range Options, Touch Options |
| Number of Assets | 70 |
| Option Types | Commodities, Currency Pairs, indices, Stocks |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
| Overall Score |  |