Top Options
88/ 100
Regulated: CySEC
Payout: 81%
Min Deposit: $250
US Clients:
Max Trade Amount: $500
Bonus: 40% Welcome Bonus!
Number of Assets: 31
Free Demo Account:
Trading Platform: Tradologic
Types of assets: Currencies | Stocks | Indices | Commodities
Payment METHOD NAME Charge Time

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Full Review

OptionBit is a leading binary options broker that offers services for newbies and professionals, with a touch of class and state of the art trading tools and services. OptionBit is known for its complete dedication towards offering binary options trading services to its vast array of clients. OptionBit is powered by Comitis Marketing Ltd, a subsidiary of Novox Capital Ltd. Founded in 2010, OptionBit got its license from CySEC on February 4th, 2014, with license number 224/14. OptionBit will provide you with everything that you’ll require to kick start your binary options trading career online.

Promotions and Bonuses

Traders on OptionBit are offered a welcome bonus starting 30% on a corresponding $250 initial deposit. An initial investment of $500 will receive a 40% welcome bonus while a $1,000 initial deposit will receive 50% bonus. Existing clients on OptionBit will also receive tons of varying bonus offerings and rewards which includes a chance of being part of the VIP program. Some of the benefits of the VIP program includes free daily updates, fast withdrawals and free unlimited one-on-one training with professional traders.

Trading Platform, Payouts and Assets

OptionBit has a very simple trading platform, which is available in eleven different languages. Tradologic trading platform is the preferred solution at OptionBit. Trading can be carried out directly on a native browser or an alternative browser like Mozilla Firefox, etc. thus eliminating the need for you to install an additional software.

Trade options on OptionBit ranges from the standard call/put also known as high/low, range option and one touch. The flexibility of the trading platform offers the possibility to trade the short term options like 60 seconds, 2 minutes and 5 minutes.

The OptionBit trading software is straightforward but not as sophisticated and professional as seen in other binary trading platforms. Seemingly, the trading software is seamless, and you will quickly get familiar with it on your first trading day on OptionBit. The array of tools and resources found on OptionBit’s trading platform makes it any trader’s first choice. Asides this is the “My Trades” box that indicates open trades.

OptionBit does allow you earn up to 400% return on investment, which puts it higher than other forms of trading. The overall payoff on OptionBit is between 165% and 181% of the invested amount. Our broker review shows an 81% return on investment for most forex pairs and 75% return on some stocks and currencies, indices and commodities. If the option ends not being in the money, traders are not entitled for cash back. This might be a feature to consider in the nearest future on OptionBit.

The asset list on OptionBit includes stocks, commodities, major indices and currencies. The number of tradable assets at OptionBit are low when compared to other binary options brokers. At the time of compiling this review OptionBit has a total of 31 assets.

Education and Trading Tools

Education on OptionBit is found under its “Trading Assistance” section on its website. Some of the educational materials that are found in this section includes Glossary, Economic Calendar, Training Programme and others.

Banking and Customer Support

Deposits on OptionBit is quite easy and instant regardless of whether you use the credit card or MoneyBookers payment system. It would normally require that you wait some few days to process deposits via bank wire.

Minimum withdrawal that is allowd on OptionBit is $30, meaning that small traders can withdraw profits without hassles. Other forms of withdrawals attract a fee of $30 per withdrawal. Traders should be warned against frequent deposits and withdrawals. Deposits can be carried out via bank wire, credit card, Skrill, Neteller, PaySafeCard or Webmoney. The maximum deposit on every transaction is $5,000, while the minimum withdrawal on OptionBit is $10 (when using credit card), and $30 (when using bank wire). One free withdrawal is allowed every month on OptionBit.

Customer support on OptionBit is quite responsive and prompt. Customer support mediums includes live chat, email, web form and telephone. The customer support on OptionBit can also be contacted when in need of a demo trading account. All enquiries on OptionBit are being attended to by a team of reliable customer support representatives, who have continued to attract clients across the globe through their unparalleled service.

Conclusion

The low minimum deposit of $250 and the very low minimum investment amount of $10 per trade is an attractive feature on OptionBit especially for newbie traders. Experienced traders stand a chance of enormously benefiting from the 50% bonus on first deposit.

Upon registration at OptionBit a trader is entitled to receiving a free ebook. Very few brokers will offer to trade without risking money. There’s also an advantage of testing out the market with free $500 demo account money. We advise that all newcomers in the binary options industry start with a demo account in a bid to get acquainted with new investment strategies.