OptionBit Review

OptionBit
Binary Options
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Overview

Binray Options Trading is gaining in popularity thanks to its simplicity- it’s a 2 way bet basically: will the currency go up or will it go down in the next… more

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Details

Broker OptionBit
Website URL http://www.optionbit.com
Founded 2010
Headquarters Novox Capital Ltd. Ioanni Stylianou 6, Nicosia, Cyprus
Support Types Phone , Call Back , Live Chat , Email
Languages Arabic , Chinese , English , Deutsch , Español , Français , Japanese , Italiano , Nederlands , Português , Russian
Trading Platform Browser, Android, iOS (iPhone, iPad), Tablets, Algobit
Minimum 1st Deposit $200
Minimum Trade Amount $10
Bonus Binary Options
Free Demo Account Open Demo
Deposit Methods Credit Card , Neteller, Skrill , CashU , Wire , POLi
Trading Methods Digital , Range , Touch , One Touch 60 Seconds
Number of Assets 69
Types of Assets Currencies, Stocks, Indices, Commodities
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 83

Pros

  • Multi_language Support
  • Extend or Close Now
  • Autotrading software

Cons

  • No money back on losing trades

Full Review

Binray Options Trading is gaining in popularity thanks to its simplicity- it’s a 2 way bet basically: will the currency go up or will it go down in the next 30 minutes/hour/day etc.

And one of the leaders in this field for retail investors is Option Bit.

OptionBit launched in May 2010 and have proven to be one of the more reliable binary options brokers in the market.
The Trading Platform
They have a wide suite of tools for binary option trading. The binary options trading platform is easy to use, and the service levels high- all positives for a someone new to this kind of investment.

You can trade the following:

  • Digital: bet whether an asset will rise or fall (above / below options). With Close Now options and extend (roll over)
  • Range: a type of binary option where you predict if an asset will expire within a predetermined range, either in the range or outside in a predetermined time.
  • Touch Trading:  you predict whether an asset will touch a set strike any time before the time of expiration. If the price of the asset touches the strike price before the time of expiration, you are in-the-money and will get a pre-set payout, normally between 75% – 81%.
  • One Touch Trading: you predict if an option will hit a price (the ‘strike’) during a specific time period. If the value touches the strike point at any time before the expiry of the option, then you are in the money. You may also bet that an option will not touch the strike point before the option expires.
  • 60 Seconds: the same as regular Digital Trading, except that all options close after 60 seconds 91 minute). Your aim is to predict if an option will be higher or lower than the quote price when it expires.

The Payout
OptionBit pays out between 75 to 81% for successful trades. And clients’ funds are protected and held in a ring fenced account.

Assets
On OptionBit, you can trade assets such as :
Commodities
Currencypairs
Stocks and indices
Bonds

Customer Service
Well covered, with “Live Chat” , email option or call back option. Customer support is available in Spanish, German, Russian, and Turkish.

Pros
Very multinationsl
The Extend or Close now feature allows you to lock in your profit (close now) or extend your profit yield by extending the expiry time for your trades.
60 seconds trading- for those who want to be “in and out of the markets” (this is similar to scalping in forex)

Cons
No money back on trades that are out of the money.

Summary
A robust and proven online binary options broker. Their “Extend or Close now” feature, “Autotrading” software and 60 Seconds OPtion Trading sets them apart.

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