Review of the Binary Options Broker Optionbit
OptionBit is a broker specialized in binary options funded in 2009 which offers the possibility to trade with various types of options (including Above/Below and One Touch) based on many underlying assets such as currency pairs (Forex), stocks, indices and commodities of various types. This broker offers a web based trading platform and regular promotions for new clients.
Type of Broker
Optionbit is a Binary Options Broker
Country of origin
The headquarters of Optionbit are located in Cyprus.
No information about it.
Optionbit offers the opportunity to trade with binary options based on the following assets:
- Forex Market: 11 currency pairs including the most important like the EUR/USD, GBP/USD and USD/JPY among other.
- Stock Indices: 5 of the main stock indices including Dow Jones, NASDAQ, DAX and S&P 500.
Commodities: 6 of the most traded and important commodities like crude oil, gold, silver and copper.
Stocks: 10 stocks of the US Market, European market and Asian Market including Apple, Boeing, Google, Vodafone and Petro China.
Types of Binary Options
- Above/Below Binary Options: These are the most traded and popular binary options because of their simplicity.In this case the trader only has to determine whether the price of an asset will move above or below (higher or lower) a predetermined strike price by the time of expiration. If the option expires “in the money” OptionBit pays from 75%-85% of the contract inversion.
- One Touch Binary Options: This is another type of binary option which offers a higher return.The trader must predict if an asset price will touch a set strike any time before the time of expiration . If the option expires “In the money”, this broker pays up to 400% of the contract inversion.
- Range Binary Options: This is one of the most complex type of binary options because the trader has to determine if the asset price will expire or not within a predetermined price range once the option expires. If the option ends “In the money”, this broker pays from 75%-85% of the contract inversion.
- 60 Seconds Binary Options: These are Above/Below options with an expiration period of just 60 seconds. 60 seconds options are ideal for traders and investors who prefer fast trades in volatile instruments like oil or Forex for example.
Payments Offered by Optionbit
- OptionBit has one trading account that allows to trade with Binary Options based on all the financial instruments mentioned above. This account offers complete access to all services of the company including the main trading platform designed by this broker and the mobile trading platform. This account can be opened in a few minutes and the trader only has to complete an online form and deposit funds to start trading.
Optionbit also offers a VIP program which includes many additional services and advantages such as extra cash bonuses, fast payments and access to an account manager for example.
OptionBit offers an easy to use web based platform which has all the necessary functions to trade Binary Options. This application includes features such as current market prices, price charts, a money management tool and other.
Optionbit offers a demo account with $500 (virtual money) for those traders that open a real account.
Main Advantages of Optionbit
- Optionbit offers regular bonuses to open a trading account and deposit funds.
- Good customer service by e-mail, telephone and chat in the website of the company.
- This broker offers a lot of financial instruments (underlying assets) to trade with binary options.
- Any client of Optionbit that open a real account has access to a free demo account worth $500.
- This brokers offers three types of Binary Options for trading.
- The trading platform is an intuitive an easy to use application which requires no download.
- No commissions of any kind for client transactions.
- The trading platform include a money management tool for the clients.
- This binary options broker allows to trade with 60 seconds binary options which are ideal for fast trades.
- The client of Optionbit has the possibility to extend the expiration time of the option or close the option at anytime before the expiration in order to increase the opportunities to take profits. For example, if the trader believes the market could change the trend before the expiration, he can close the option to take profits, but if he thinks that the market could change its direction in a losing trade, he can extent the period of the option to increase the chances to end “In the Money”.
- It has a blog and a forum for their clients.
- Optionbit has a VIP program for its clients which offers additional advantages such as fast payments and extra cash bonuses for example.
- This broker offers free trading education related with binary options through its website. This education include a free E-book with professional trading advises for all clients that open a trading account with Optionbit. In the website we can find a glossary and a tutorial about binary options.
- OptionBit offers the opportunity to earn money by promoting its services through an affiliate program called Optionbit Partners.
Main Brokers Offers
OptionBit offers its customers a 20%-40% bonus on first deposit, with a maximum amount of $500.
|Company||OptionBit is property of DC Digital Finance LTD|
|Minimum account size||100 US Dollars.|
|Minimum transaction size||10 US Dollars.|
|Maximum transaction size.||2500 US Dollars.|
|Link to the website||OptionBit Website|
|Open an account|