OptionBit Review

Our Rating
8.3
Pros: High Returns for In The Money, Simple Trading Platform, Trade Bonds, Suitable for Beginners
Cons: Low Asset Choice, No Returns for Out Of The Money
User Rating
0
(0 votes)
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OptionBit Overview:

OptionBit is owned by Pretoniria Co, a company based out of Cyprus. This broker has been around for a few years now, and is popular among its client base.

This trading platform is preferred by all types of traders, as they see OptionBit as a stepping stone to making it big in the binary options market.

This broker is one of the better known ones out there, and has a reasonable share of the binary options market.
They are known to offer binary options trading in a professional way through their slick trading platform each trading day.

Payouts: In The Money 81%
Payouts: Out Of The Money 0%
Minimum Deposit $100
Minimum Trade Amount $10
Maximum Trade Amount $5000
Traders from USA Allow
Demo Account Yes
Platform Type Tradologic
  • English
  • Romanian
  • German
  • Spanish
  • Russian
  • Turkish
  • Arabic
  • French
  • Portuguese
  • Italian
  • Korean
  • Japanese
  • EUR
  • USD
  • GBP
Up/Down Yes
Touch Yes
Boundary Yes
Deposit Options Credit Card, Wire Transfer, Western Union
Withdrawal Options Credit Card, Western Union, Wire Transfer

OptionBit Review:

 

Usability – 1/1

When it comes to usability, we have given OptionBit full marks. The trading platform is 100% web-based, and is powered by Tradologic.

Upon entering the website, you will notice the clear cut graphics and the user-friendly interface. These features are something traders look for when trading the financial markets.

There is no information overload, which has been the case with some of the other binary options trading platforms. There are just enough features to assist a trader throughout the time they trade binary options.

For people looking to get their trading off to a flying start, OptionBit is the broker to be trading with.

Payouts – 0.5/1

You may receive up to 81% return if your binary option expires in the money. However, out of the money trades offer no return.

Deposits & Commissions – 0.7/1

The minimum deposit is $100 to your trading account and the maximum deposit via credit card is $5,000. It is free to trade binary options with this broker. You may withdraw money via credit card, wire transfer or Western Union. The withdrawal cost varies according to the withdrawal method.

Payments Options – 0.8/1

The methods in which you can deposit funds to your trading account are credit card, wire transfer or Western Union. Accounts may be based in EUR, USD or GBP.

No. of Assets – 0.6/1

Trade from 1 bond, 4 commodities, 11 currencies, 7 indices and 10 stocks, making up 33 assets.

APPLE
BOEING
EXXON MOBIL

GOOGLE
MCDONALD’S
MICROSOFT

NIKE
VODAFONE
ING GROUP

COCA COLA

BOVESPA
Dax Future

Dow Jones
NASDAQ100
S&P 500 Future
CAC Future
FTSE Future

CRUDE OIL

COPPER

SILVER

AUD/USD
EUR/GBP
EUR/JPY

EUR/CHF
NZD/USD
EUR/USD

GBP/JPY
GBP/USD
USD/CAD

USD/CHF
USD/JPY

BUND

Expiry Times – 0.7/1

Expiry times are 30 minutes, hourly, daily and weekly. More expiry times are required for OptionBit to be a top binary options broker.

Platform Languages – 1/1

You may trade binary options in 12 languages, a high for the industry.

Platform Features – 1/1

There are plenty of platform features which you can use to your advantage. Choose from Digital, Touch and Range options.

There are many education features that are available via the website. These are Binary Options, eCourse and Binary Tutorial. In addition, there is also the Assets Index, Glossary and Binary Options.

The Trade Insight shows the percentage of Above and Below trades for the leading currency pairs.

The Take Profit feature allows you to take your current profit. The Stop Loss and Extend features are often used by traders.

Special Offers & Bonuses – 1/1

There are often bonus offers for new clients and existing clients at OptonBit. The bonuses are among the best in the world of binary options.

Customer Support – 1/1

OptionBit has one of the best support teams we have come across. You may contact them via live chat, phone or email.

Pros:

  • Important Trading Features
  • Good Education Materials
  • Secure Deposit Methods
  • Variety of Bonuses
  • Clean Cut Trading Platforms

Cons:

  • No PayPal Deposit Method
  • Website May Be too Basic for professionals
  • Not Enough Withdrawal Methods

 

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