OptionBit Broker Review
OptionBit was one of the original Binary Options brokers having been established in 2010. There were the 3rd broker to make use of the TradoLogic platform. They have many trading features such as 60 second binary options, One touch and Range. As one of the largest brokers they have a strong support and education department. Trading is available on over 200 assets. A free Demo Account is offered so that customers can test platform without risking there own capital. Bonus structure can be either 100% match bonus or 5 risk free trades. Withdrawals are processed within 1-3 days and they are licensed and regulated by CySEC ensuring that customer funds are segregated and trading execution meets acceptable standards.
OptionBit ranks highly in all categories and gets a total rating of 91/100.
OptionBit Deposit and Withdrawal
Optionbit accepts deposits from a variety of payment methods like, Visa, MasterCard, Wire Transfer, Moneybookers and Webmoney. Optionbit offers more than 20 methods, and only works with trusted payment services. Withdrawal is handled efficiently and are processed within 1-3 business days.
Customer Service and Education
The Optionbit customer service offers 10 languages and has responsive support knowledgeable in most areas of trading. The platform offers 24/5 training support in multiple languages including: English, Arabic, German, Italian, French, Portuguese, Spanish, Swedish, Japanese, Russian.
The education department has many useful tools such as free e-books, Algobit – a trader software technologically developed algorithm constantly scanning the financial market, and a professional team of market analysts who are there to guide, and lead the trader along.
Optionbit’s software, Algobit provides trade signal support for binary options trading, both in the short-term 60 second trade and long-term trade strategy. It is an advanced system which measures trades and signals when a good opportunity is on the rise.
The fact that OptionBit has been able to exist for so long brings with it both many online scam complaints as well as an assurance that it is a reputable brand. The nature of traders is to be disappointed when they lose money and often times they take out their frustration on the broker. Inevitably a broker will accumulate many complaints over such a long period of time. On the other hand a broker that is able to maintain a good reputation and stay in business for such a long time in such a competitive industry is testament to its legitimacy. To go along with this OptionBit has recently secured a CySEC license, thus adding to its level of accountability towards traders.
OptionBit Mobile App
Optionbit’s newest mobile app brings traders right to the trade room from the comfort of their mobile device. Traders across the globe use OptionBit’s user friendly mobile features that easily allow traders to trade anytime, anywhere. The mobile free app is downloaded quickly from any smart phone – Android or iPhone.
- 24/7 Live Chat
- Phone Support in 4 Countries
- English, Arabic, French, Japanese, Russian, German, Spanish, Italian, Portuguese, Swedish
Asset Choice Rating – 10
- 40 Stocks
- 13 Currency Pairs
- 4 Commodities
- 14 Indices
Deposit Method Rating – 9
- Credit Card – Visa, Mastercard
- Wire Transfer
Minimum Deposit Rating –9
- 200 USD
Withdrawal Rating – 10
- 5-7 business days
Minimum Trade Rating – 9
- $5 Minimum per 60 Second Binary Options order.
- $25 Minimum for other type trades.
Trading Features Rating – 10
- High yield Touch/No Touch
- Range options.
- Turbo trading, which is 60 Second Binary Options.
- 2 minuteOptions – * NEW
- 5 Minute Options – * NEW
- Algobit – * NEW
Payout% Rating – 9
- Up 81% Per Trade
- Up to 10% Rebates for losing trades.
Bonus Offers Rating – 9
- Up to $3000 match bonus on initial deposit. After opening your account, make sure to check with customer support for all current bonus offers.
Site Intangibles Rating – 10
- Uses the Tradologic platform.
- Site and Service in English, Arabic, French, Japanese, Russian, German, Spanish, Italian, Portuguese, Swedish.
- Extensive market news easily searchable by asset class.
- Free eBook.
- Accepts US traders.
- $500 Demo account
- Honest and Reliable