OptionBit Binary Option Broker
| Company: | OptionBit |
|---|---|
| Maximum Trade: | $3,000 |
| Minimum Trade: | $10 |
| Minimum Deposit: | $200 |
| Withdrawal Fees: | |
| Minimum Withdrawal: | |
| Bonus: | Bonus up to 20% for depsoit of $500, a deposit more than that can give a bonus up to 40% |
| Payout: | Up to 181% |
| Account Currencies: | |
| Currency Pairs: | |
| Tradeable Asset: | Forex, Stocks, Indices and Commodities |
| Trading Platform: | Tradologic |
| Trading Instruments: | One Touch, Digital Trading and range Trading |
| Established: | 2009 |
| Licenses: | Not Regulated |
| Location: | Cyprus |
| Regulation Status: | Not Regulated |
| Payment Methods: | WireTransfer, Credit Card, MoneyBookers, Click And Buy, Debit Cards, Webmoney |
| Ratings | |
| Trading Plarform: | 4/5 |
| Website: | 4.1/5 |
| Banking: | 4.2/5 |
| Customer Service: | 4.2/5 |
| Bonuses: | 4.2/5 |
| Customer Experience: | 4.4/5 |
| Overall Score: | 4.2/5 |
| Assets: | 4/5 |
| Reliability: | 4.3/5 |
| Charting: | |
| Withdrawal: | 4.5/5 |
There are several binary option brokers thronging the financial market today. However, OptionBit is highly sophisticated and polished and is one of the top binary option brokers. Being a leader in the binary option market OptionBit gives its customer a superior online trading facility for both beginners as well as professionals. To trade binary option using their account, one does not need tto have prior experience of trading. They provide a platform which is very easy to use and understand making online trading an experience of the lifetime. The platform is very much suitable for novice traders and at the same time is strong enough to cater to the needs of professional traders as well.
The trading platform by OptionBit is highly advanced and one can easily see the difference with other trading platforms available in the market. Their platform is highly developed in several ways to that of their competitors. One of the best features of OptionBit is that it focuses on one asset at a time which prevents display of several assets in a messy way making it confusing for the trader. The company also allows the traders to store their favorites so that they can easily access the assets that they want to trade in. One of the drawbacks of OptionBit is that they allow customers to choose the expiry time set by them contrary to other brokers who allow traders to choose their own expiry time of the trade.
The various trading options offered by OptionBit include One Touch Trading, Digital Trading and range trading. Detailed information on the same is available in the company’s user manuals. The experienced traders can use these trading options but for the novice traders it is advised to use Digital Options in the beginning. There are several features and bonuses that can attract both the new as well as veteran traders. A deposit of $500 can earn a bonus of 20% while higher deposits can earn bonus of 40% or more. The other feature which is of interest is the Roll Over option which allows trader to roll over the trade to next expiry time before it closes. This prevents the investment to end in “Out of money” to some extent and avoid any such situation. The payout that is offered by OptionBit is among the highest in the industry and is close to about 181%. This can become the sole reason to try out this binary option broker.
The customer support service by OptionBit is excellent and is available via phone, email and live chat. The live chat is available to the customers for about 17 hours in a day. The phone support is only found locally in countries like the US, France, Spain and UK. The queries can be submitted using online form submission or by using traditional emails. Their customer support staffs are very friendly, know the market and are very prompt in their replies.