This broker is closed.
Besides long years spent in binary options industry, OptionBit has managed to become one of the most admirable brokerage companies that offer the latest technology and dynamic trading tools. According to the OptionBit, their Tradologic platform offers latest trading tools and it is user-friendly for beginners. Our OptionBit review was made due to the high demand of traders that wanted to know more about this CySEC regulated broker. Trading with OptionBit can start from $250 deposit and traders are allowed to receive
Trading with OptionBit can start from $250 deposit and traders are allowed to receive up to 88% payouts. The minimum investment is $10 and traders are welcome to trade with mobile platform too. OptionBit has a lot to offer, so continue reading out an OptionBit review before you start trading.
OptionBit Account Features
Due to CySEC’s decision, StockPair no longer provides binary options bonuses!
OptionBit review has found this broker still offers certain bonuses that are called Bonus educational allowance. They are made with purpose to help traders learn more about the platform and to apply different trading strategies. After the deposit has been done, traders are recommended to contact OptionBit support service to activate the bonus.
OptionBit review has found three different allowance plans are available:
- 30% Bonus for depositing $200
- 40% Bonus for depositing $500
- 50% Bonus for depositing $1,000
Bonuses are available after certain turnovers are accomplished. Comparing with market industry, OptionBit requires low turnovers in order to activate the bonus. Our OptionBit review has found that OptionBit requires only x15 turnover. More information about rules and trading specifications can be found in terms and conditions document.
We have searched for OptionBit available trading accounts information, but we haven’t found any. In order to find more information we have contacted OptionBit chat support and they told us accounts are available after a trader registers with the broker. The broker probably wants to share direct information regarding the accounts which is available only after a trader logins to your trading account.
OptionBit review has found this broker doesn’t provide demo account which can be considered as negative. Demo accounts are usually accepted tools among most brokers because it provides them the opportunity to train and get familiar with available options on the platform. Demo accounts are a risk-free zone since traders receive virtual funds and they trade with no stress to lose their real investments.
OptionBit Trading Software
As we have already mentioned, OptionBit has integrated Tradologic trading platform. We can say this platform has shown a very simple approach for its front end users and it offer a large amount of trading tools and options that will increase trading experience.
OptionBit review found traders are welcome to trade with Digital options, One Touch, Turbo, Range, Touch/No Touch options.
Besides above-mentioned trading options, OptionBit review has found this broker has recently introduced two new trading tools: Dynamic Payout and Super&Turbo Options. The first feature allows traders to adjust their payout according to loss ratios. Traders can set different combinations of possible returns/loss on multiple trades. Super Turbo options are the new exciting type of trading that allows traders to place trades within, 15, 30 and 45 seconds. Those options are considered as the shortest available on the binary options market.
The platform allows more types of expiry times, starting from 60 seconds, 5 minutes 10 minutes, End of the day, End of the week.
OptionBit is very shy about discussing it’s trading options on their website. Traders usually like to know what tools are offered and according to given information, they decide if the want to register or not. We tried to find out more about OptionBit features, but their agents are trained to schedule a Call back option so their account managers can contact traders directly.
OptionBit review found out traders are welcome to use Close and Extend options that are considered as advanced trading tools. Those options are available only when traders choose to trade with Digital options. The Close option is similar to Stop loss and it allows to close the trade at a minimum cost. Extend let traders extend their current losing trade until the next expiry time. Those options give traders more authority over their trades and allow more excitement.
OptionBit review found that traders are welcome to download free mobile applications for their smartphones and tablets. According to the OptionBit, traders are provided with full trading experience just like on the desktop version. Mobile apps support both iOS and Android phones. In order to provide high quality mobile trading, OptionBit has ensured traders have:
- Unlimited access to all underlying assets
- Full-time support
- Trading without additional charges
- Various management tools
It is important to mention that OptionBit review found this broker has it’s the own auto trading robot called Algobit. Binary robots are usually developed for traders that have no time for manual trading.
Like most brokers, OptionBit has offered to trade with the vast amount of underlying assets that include currency pairs, commodities, indices and stocks.
Due to CySEC’s decision, StockPair no longer provides binary options bonuses!
OptionBit Support Information
We have been using OptionBit chat support and we can say their agents are extremely helpful and informed about general information. We got a prompt response by their support manager and we got all information we have asked them. Traders who want to find more information about OptionBit trading accounts will have to register with OptionBit and ask for a Call back phone call in order to discuss more info.
Besides chat support, OptionBit provides their website in English, German, Swedish, Portuguese, Spanish, Russian, Japanese, Italian and Arabic. OptionBit team of experts is located on various telephone numbers and emails in Italy, UAE, Japan, Portugal, Germany, Russia, Spain, and UK.
Traders can contact OptionBit using the contact form available on their website or they could just request a useful callback option and set preferred time.
OptionBit review found a rich database of FAQ and Glossary. FAQ may be very helpful especially for those who want to find basic information without contacting their support.
It is important to mention that OptionBit integrated SSL security system with a digital encryption for all transactions. SSL encryption is one of the safety features used by most financial institutions.
OptionBit Company Information
As we have mentioned in the beginning of the OptionBit review, this broker has CySEC regulation with CIF license number 224/14. The company is being operated by Novox Capital Ltd with headquarters on Cyprus.
OptionBit review found out traders are offered with various payment methods that will additionally simplify trading with this broker. Traders can deposit with various credit cards, E-Wallets or bank wire, depending on their preferences. Available payment methods include Visa, MasterCard, Skrill/Moneybookers, PaySafeCard, Webmoney, Yandex, Qiwi or bank wire.
Minimum deposit amount is $250 and maximum amount is up to $5,000.
OptionBit does not charge it’s clients for making deposits. When we speak about withdrawals, OptionBit allowed one free withdrawal per month. Every additional withdrawal will be charged with additional $30.
It is important to mention that OptionBit has a rule for inactive accounts and traders should be careful if they are not active for more than 90 days. If the account is inactive for more than 90 days, traders will be charged with $5 per month.