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OptionBit Broker Review 2017 2020

FairBinaryOptions Broker Certificate
  • Min. Deposit $250
  • Max. Payout 88%
  • Min. Investment $10
  • Mobile Yes
  • Software Tradologic
  • Live Chat Yes

Optionbit is a leading binary options trading provider licensed and regulated by CySEC, one of the largest financial watchdogs in the world. This fact alone should convince traders to deposit and trade with Optionbit as they are legally required to operate in a fair and transparent manner.

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  1. OptionBit Account Features

    This regulated broker, due to CySEC’s decision, no longer provides binary options bonuses

    Brokers offering demo accounts always instil a higher level of confidence in traders, as it’s a definitely an advantage to be able to familiarise yourself with a trading platform before actually investing any real money of your own. All of the features of the real thing, minus the risk, makes for a win-win situation. To apply for an Optionbit demo account, simply get in touch with Optionbit customer support staff.

    If you do choose to then sign up for a real account, traders are entitled to receive a first-deposit bonus of 30%, with a low volume trading requirement of 15x.

    OptionBit offers 3 different account types; Mini, Standard and VIP. Each of these comes with trading alerts, e-books as well as video lessons.  VIP accounts also have the feature of unlimited 1 on 1 trading sessions as well as support from a market expert.

  2. OptionBit Trading Software

    The Tradologic platform is extremely user-friendly and easy to navigate, with numerous inbuilt tools to enhance the trading experience for both novice and experienced traders alike.

    The ‘close’ tool, for example, enables traders to close a losing option against a certain fee, so they will not lose their entire investment. It may also be used to close a winning trade and secure the profit.

    Paradoxically, the ‘extend’ tool allows traders to prolong an open option until the next expiry time and also comes at a small fee.

    There are 5 different option types to choose from, including Digital and Turbo options.

    Traders will be pleased to discover that Optionbit also offers trading signals; Algobit Signals allows traders to trade on the Optionbit platform using the same account.

    Optionbit also offers an auto trading feature with BinaryOptionsRobot, a free, web-based automatic trading software. Traders must simply sign up for a free account with BinaryOptionsRobot and select Optionbit as the broker. Using this system, all trades will be executed automatically, excluding much of the laborious market analysis that comes with manual trading.

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  3. OptionBit Support Information

    We were pleased to discover that Optionbit provides superb levels of customer support. We tested this out and received immediate and helpful responses both via live chat as well as by email.

    There is also multi-lingual phone support available in almost all the site’s languages as well as a handy call-back feature. Moreover, traders can also get in touch with an agent by leaving a message via an online form.

    Additionally, the broker offers multiple trading assistance tools in the form of educational materials such as e-books and video tutorials, catering to the needs of both to beginner and advanced traders.

    Support Information
  4. OptionBit Company Information

    Deposits can be made through the Cashier tab, in the account section. The minimum deposit amount is the industry standard of $250 while the minimum investment is just $10, giving traders the opportunity to try various strategies with a low risk before committing to one particular style.

    Withdrawals are also processed fairly quickly and traders are entitled to one free withdrawal a month (VIP account holders get 2), with any subsequent withdrawals charged at $30 each.

    Traders may view their full transaction history through a tab in the cashier’s lower menu.

    OptionBit provides a range of popular payment methods, including Yandex and Qiwi as well as the option to combine several PaySafeCards.

    After extensive research, we can confirm that Optionbit is a legitimate broker and are not linked to any scams or fraudulent activity. We always advise traders to only trade with regulated brokers to minimise the risks associated with scamming.

     

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