Min deposit: $ 100,00|Open Demo Account
OptionBit came into light as a Binary Options broker in 2010 in Cyprus. They are not regulated but they have CySEC to keep an eye on them. OptionBit use Tradeologic platform, which I don’t think is the most regular Binary Option platform but an easy-enough-to-use one. Their payout is somewhat the same as an average broker, it means not low as well as not exceptionally high, which’s 81%. The better payout, of course, means more money in your pocket, however, please bear in my that, the better payout doesn’t always a good thing; a good broker is a combination of different feature which needs to weight in together, not only payout. The minimum deposit is $100, which’s as low as it gets in the Binary Options Industry, goptions and Beeoptions is other brokers who has $100 deposit requirement. The support is well below average. Read all the OptionBit review below to get the inside story.
OptionBit Review – Assets
For those brokers who use Tradologic as their platform, we could see that the underlying assets selection is very limited. I could only see a selection of 35 assets available for trading, which means that if you are looking for some rare or unusual asset, there’s high chance that you will be left out. Each asset has its different characteristic (moving behavior), that mean that your strategy could only work well for certain assets, which also mean that having limited assets would significantly reduce your chance to find those assets. You will then lose out on a fantastic opportunity to make money. One unique asset OptionBit offers is the Bund Bond, a German bond heavily traded on the EUREX exchange. Having limited assets, their region cover is therefore very limited, there’s no Asia assets at all. It could upsets Asian traders, but they do offer Forex major, it could help a bit since Forex pairs move most of the time.
OptionBit Review: Reliability
We haven’t experienced any trouble with Optionbit or Tradologic trading platform. Its reliability is good enough for every trader. However, still, we recommend you use a browser which’s dedicated to trading.
Apart from OptionBit Review,there are more reliable binary options brokers with reviews and rating on our home page Binary Options brokers review, furthermore we’ve compiled a list of trusted binary options brokers. If you are from US, you could find list of US binary options brokers.
OptionBit does not offer the best charting to their customers. Since the charts are the only way we have to make a decision about the direction of the trend, limiting the charts features in not very smart if you care about your customers. Other brokers usually have some more information to give the trader. Some provides extra history, others a larger chart – not vastly different but still something. OptionBit has nothing else than these tiny charts. Anyone have been trading for a while know how difficult it can be at times to make a profit. We don’t need extra hurdles to success. The broker should help all of us become better traders by supplying better tools. If you decide to use OptionBit as your broker, then try to take advantage of free charts that you can easily find on the web.
OptionBit user interface is easy enough for an average joe or someone totally new to trading, basically it’s because Option Trading is nothing too complicated to understand. Sometimes, simplicity can be a great thing since there’s a great quote :” Only those who understand it well enough could be able to explain it simple enough”, it means that making things complicated doesn’t mean it looks knowledgeable. As previously reviews, I want the filtering and favorite feature but I couldn’t find it on OptionBit
We’ll provide all complaints possible for any of our review and OptionBit review is no exception.There’s some complaints about OptionBit regarding their slow process for withdrawal, there’s little to no support which make traders complain.
OptionBit offer from 20% to 40% value of first deposit as bonus.
We have made one successful withdrawal with OptionBit so far, We have a relatively small account with OptionBit, therefore the withdrawal amount is quite small, it goes directly to the bank account after a week.
If anyone has trouble withdrawing from OptionBit, please contact us, we’ll be glad let the world know about it.
OptionBit Review – Support
There’s several ways to reach them. I’ve tried Live Chat, email and phone them. For the live chat, you usually need to wait for a while for them. I emailed them once, never got any responds. I phoned them once and able to reach them. So, you decide for themselves regarding to their support. OptionBit do have an eCourse that you can access if you have registered for an account. Otherwise the trading library is lacking a video series to complement it.
- Headquarters: Nicosia, Cyprus (for exact location see map below)
- Founded: 2010
- Domicile: Cyprus
- Minimum Deposit: $100
- Minimum Transaction: $10
- Maximum Transaction: $1000
- Markets: Forex, Stocks, Indices, Commodities
- Number of Assets: 35
- Max In-The-Money Return: 81%
- Max Out-Of-The-Money Return: 10%
- Lock-Out Period Duration: 5 minutes
- Option Frequency: Every 30 minutes
- Early Closure:
- Roll Over:
- High/Low Binary Options:
- One Touch Binary Options:
- Boundary Binary Options:
- Binary Options Builder:
- Sell Options:
- Long Term Binary Options:
- 60 Second Trades:
- Option +:
- Deposit Currency: US Dollar, British Pound, Euro
- Account Funding: Credit Card, MoneyBookers (Skrill) or Wire Transfer
- Accepts Clients From: All nationalities, except Cyprus, Nigeria, Bulgaria and Israel
- Demo Account:
- Deposit Bonus:, 20%-40%
Our Review concludes here, I believe that you’ve added to your trading arsenal different views on OptionBit. If you have any suggestion, please comment below, we’ll consider adding it to OptionBit Review if see fit.
OptionBit Review Video: