OptionBit Broker Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

OptionBit Review

Review

OptionBit is a binary options operator that is owned by Global View International Services Ltd which is incorporated in St. Vincent and the Grenadines. OptionBit trades currencies, commodities including gold and silver, stocks and indices.

Accounts

There are three trading accounts to choose from through the OptionBit VIP program.

The Mini account can be opened with a deposit of $250 and traders receive a welcome 30% bonus and a 30% loyalty bonus on their initial funds. The Standard account has a $1000 minimum deposit and a 50% bonus is awarded. The loyalty bonus for this account is 75%. Anyone with $10,000 can open a VIP account, receive a welcome bonus of %75 and a 100% loyalty bonus.

All account holders receive a free ebook, 1 on 1 trading and a host of other benefits.

A Diamond account is offered for $50,000 or more; additional information is provided through direct contact with OptionBit’s management.

OptionBit demo is available and enables amateurs to trade with virtual cash before they make real trades, however, it’s only available after the initial deposit.

Features

A good feature at OptionBit is the Extend and Close Now options, which allows investors to extend or close a trade before the expiry time. The extend tool enables traders to prolong an open option until the next expiry time when the prediction will take longer to realize. Extending a trade comes with a minimal fee that is deducted from the trader’s balance upon extending the order. If the extended option closes at a loss, the investment amount will be deducted from the trader’s balance over and above the fee previously paid. An option can only be extended once.

The ‘close’ tool enables traders to close a losing option for a certain fee. They are charged a fee but will not lose their entire investment. The close tool also enables them to close a winning trade and secure the profit.

Additional features are the Advanced Chart feature which allows traders to actually conduct technical analysis and the AutoTrader feature. The auto trade tool gives traders the opportunity to plan a longer-term trading strategy as this tool re-opens winning trades. For example, if a long term upwards trend for the EUR\USD is spotted and the trader wishes to auto trade it, he/she will be asked to choose between 2,3,4 or 5 consecutive trades. Once the first trade wins, the next one will be opened for the same asset and in the same direction for the amount of the previous trade (Investment + profit) and so on. Thus the initial investment is secured once the first trade wins.

With Algobit software, traders can trade either manually by following signals that it generates or simply letting the software do the trading on its own.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Education

Through their educational programs, traders can learn everything they need to know before starting to trade.

OptionBit’s training program takes place over live chat or over the phone, whatever is more convenient for the traders. The training sessions are 1-on-1, conducted solely between the trader and the market analyst assigned to his account. They are designed to include 5 lessons discussing the following topics: General introduction to financial markets, Technical analysis, Fundamental analysis, Indicators and Trading strategies. The training continues for as long as the trader feels it is needed.

Their extensive collection of virtual videos provide instruction on the basics of binary option trading, more advanced trading techniques, and tips on how to improve trading abilities in order to trade successfully.

OptionBit VOD Library

Daily news items scroll up on the landing page. I was surprised to see that market analysis of any kind was not posted.

An economic calendar is provided with weekly events and a glossary covers most financial terms and topics.

The FAQ section is quite extensive and covers many areas for both new traders and those with binary option trading experience.

Bonuses/Promotions

Besides the welcome bonus, traders receive up to 100% in loyalty bonuses. Bonuses given by OptionBit are non-redeemable and profits cannot be withdrawn from an ‘active’ bonus for which the trader hasn’t yet completed the trading requirements.

At the time of this review, a new Tournament was being promoted. Hundreds of traders from around the world compete for the top prize based on the amount of their trading volume.

Deposits/Withdrawals

Deposits to funds at OptionBit can be made via credit cards, wire transfer and a host of payment plans such as Skrill, Neteller, Webmoney, Qiwi and others.

The minimum amount to be deposited is $200; the maximum transaction is $5000.

Withdrawals can be made at any time but with most of the methods was used for the deposit, the withdrawn funds are sent directly to a bank account.

There are no fees involved with making a deposit to your OptionBit account. One withdrawal a month is free of charge while any sequential withdrawals carry a $30 fee.

Customer Support

Traders can contact an OptionBit representative around the clock via online chat, email, phone, or by leaving a message on an online form. Telephone support is offered in nine different languages.

Conclusion

It is always refreshing to see a binary options broker that offers a choice of different trading accounts and OptionBit’s accounts seem to cater to traders with all levels of trading experience. The trading tools and choice of options are attractive but I would have liked to see some additional educational material.

Features

There are many online binary options brokers in the market today. However, there are only a few that offer both the “Extend” or “Close now” features as well as “Autotrading” and “Algobit” software, on their trading platform. These in addition to the other unique features offered at OptionBit make it an attractive choice for both new traders and those with years of experience under their belt. The website could be enhanced with additional up-to-date material such as news reports and news analysis but this doesn’t seem to detract from the other features.

Platforms

Proprietary

The OptionBit trading platform, based on the modern technology of TradoLogic, is simple and regulated. They recently added the Trader Insight tool to the platform.

OptionBit Trading Platform

The platform is user-friendly and is organized. Like most new Binary Options Brokers platforms, OptionBit platform is 100% web based (available on 10 different languages) and does not require any software to be downloaded. It is equipped with many efficient tools such as Range, Touch and Digital trade or other In-Trade tools like Close Now and Extend options. You can see multiple charts at the same time by clicking on the “Multi” button in the upper right corner of the chart.

Mobile

The mobile version of the OptionBit platform allows traders to trade anywhere, anytime. They can execute new trades and manage their account with unlimited access to all assets and a wide range of account management tools. There are no o hidden fees or commissions and around the clock support is available.

OptionBit – review and feedback on the trading platform

вњ… This Trading Platform is available in United States

В Overview of binary options brokers: OptionBit

The modern world financial market is a very complex mechanism with a huge number of participants, each of which has a certain impact on its functioning and, in parallel, it itself depends on the current situation in this segment of the economy. For example, the appreciation of one of the popular currencies, caused by the foreign economic activity of the issuing country, stimulates market participants to conclude contracts for the purchase / sale of these fiat money. But the active activity of traders, at some point, can change the situation: accelerate the growth of the rate, suspend this process or play the role of one of the key factors that will cause the value of the currency to fall relative to other monetary units.

The presented example is only one of hundreds of important indicators that you need to consider when choosing a broker to perform transactions with known trading instruments. But this is possible only in theory. To make a huge list of important parameters and based on the information received to conduct a detailed comparative analysis of prospective brokers is virtually impossible.

But, how then should a trader begin to choose a trading platform to work on it in order to make a profit, so as not to become a victim of scammers? Professionals recommend studying such important criteria as the “age” of the broker, the level of capitalization, reviews of analysts, the presence / absence of regulators, etc., and collecting all the data listed (within 10-20 pieces, not 100-300 , as stated earlier), a potential trader will see the potential of the trading platform and will be able to determine how much it corresponds to his personal interests and goals.

Let’s consider how this is done in practice, using as an example the OptionBit broker, which can be found in the network of various reviews: from gross charges of fraud, to “awarding the title” of the most reliable and promising trading platform among all currently existing companies that provide similar services.

General Characteristics of OptionBit

In 2020, Novox Capital LTD registered a web resource in Cyprus, which is well-deservedly considered one of the first brokers of binary options in the entire territory of former post-Soviet republics and European countries.

User safety and business regulator

The use of Tradelogic platform, known among the participants of the world financial market, allowed the broker not only to become popular for a short period of time, but also provided an opportunity to guarantee to its clients the safety of personal information, as well as the safety of the invested financial resources.

The application created for the OptionBit perfectly copes with its functional tasks and protects users’ accounts from hacker attacks. An additional factor of security for users of the trading platform is the service of technical and financial support of the project participants. Using e-mail, online chat and telephone communication, each trader can ask the company’s specialists any question related to the activities of the broker presented.

But not all users are satisfied with the support service. Some traders complain that it is very difficult to contact with representatives of the company, others – that it is impossible to get an answer to your question sent by e-mail, etc. Perhaps this factor caused the users of the web resource to evaluate its reliability as an average.

A company registered in Cyprus has the relevant license of the Cyprus Commission for Stock Exchanges and Securities (CySEC), which is quite convincing proof of the reliability of this broker.

Education of traders

In order to gain access to training materials, it is necessary not only to register an account with OptionBit, but also to replenish your trading account. After that, the client of this broker can pass in a chat mode (or by phone) a full course of study: from general acquaintance with financial markets and terminology to the analysis of basic salary strategies used.

Clients of the trading platform are also provided with a special e-book (about working with binary options), video lessons, as well as a section of the site “Questions and Answers”, where you can find a lot of useful information on online trading.

The demo account provided on the OptionBit allows newcomers to practice how to perform operations, what to focus on, planning to work on a specific scheme and what “pitfalls” prevent traders from earning huge sums.

Important information about the OptionBit trading platform

To create a common “picture” about the trading platform of OptionBit, it is necessary to study all the issues related to the trading accounts of this resource, replenishment / withdrawal of funds, as well as the assets traded by the company.

Trading account

Continuing the analysis of the presented trading floor, it is necessary to study all financial issues so that a novice trader knows how much money he needs to participate in the submitted project.

в—Џ The minimum deposit is $ 200.

в—Џ The minimum / maximum rate of 10/5 thousand dollars.

в—Џ The average yield is 81%.

в—Џ Trading account currencies: British pound, US dollar and euro.

в—Џ The presence of a large number of bonuses: for the first replenishment of $ 100, and for each subsequent – the amount of reward depends on how much the trader has replenished his account.

Preparing for the OptionBit review, you need to warn potential traders that they have only one free withdrawal of money from the account, for all subsequent need to pay $ 30.

Deposit / Withdrawal of money

In order to replenish your deposit or withdraw money from your account, you can use the following options:

в—Џ Plastic cards of financial and credit institutions (Visa, Mastercard).

в—Џ Bank account.

в—Џ Yandex. Money.

This list is basic, in some regions other ways of replenishing the account are allowed. And it is quite possible that in a month or two, the submitted list may completely change.

Assets

Compiled on OptionBit reviews, especially do not focus readers’ attention on available trading tools. The considered company is a broker of binary options, which means that all operations available on this trading platform are related to the classical methods of operation of such trading platforms.

Major assets include:

в—Џ Shares / securities of large enterprises, international concerns.

в—Џ Stock indices.

в—Џ Currency pairs.

в—Џ Goods (precious metals, raw materials).

An objective review of this topic will help novice traders correctly organize their work on the presented platform, avoiding serious mistakes and unnecessary financial expenses.

Real reviews of OptionBit 2020

СОДЕРЖАНИЕ

Broker review OptionBit

“OptionBit” company, whose rating is gradually increasing, offers its clients to perform the most profitable binary options trading. Present days, this broker holds one of the leading positions on the market, and provides its customers with the professional platform for the binary options trading. “OptionBit” broker, reviews about which are available to the public on numerous Forex resources, delivers only the best trading conditions with an extensive set of the binary options and the financial assets. One of the key advantages is that this broker is fully regulated by CySEC authority.

Such license guarantees a high security level while working. The traders may rest assured that their investments will never be used behind their backs. In 2020, “OptionBit” rating helped the company to receive an award from the prestige “FX Empire” financial title.

“OptionBit” company presents the following working conditions:

  • Minimum deposit – $200;
  • “OptionBit” minimum rate – $10;
  • Key options yields – 80 to 400%;
  • Minimum payout – $10;
  • Money withdrawal period – up to 3 days;
  • Effective trading signals.

Reviews about “OptionBit” are very important for the reputation of this company, which gives a possibility to choose among a large amount of the financial contracts, and allows for trading with no need to install some additional software on the customer’s PC. The traders can work with the line diagrams, and the platform’s functionality is quite simple-to-learn and user-friendly by itself. Such functions as “Close Now” and “Roll Over” are among the major advantages in cooperation with this company. “Close Now” function is needed only when the trader wants to close his/her trading positions earlier. “Roll Over” function makes it possible to significantly prolong the option expiration time, which gives an additional chance to succeed in your transaction and allows getting some positive reviews.

“OptionBit” company is happy to present its tutorial program that will be great for the beginners. You can also use video-lessons’ section, in which the basics of work with the binary options are specified.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Like this post? Please share to your friends:
Best Binary Options Trading Guide For Beginners
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: