OptionBit is a binary option broker founded by Novox Capital Ltd. investment company in 2010. It is registered in Cyprus. The brokerage company was set up based on long trading experience of the parent company, which allowed it to successfully start its activity and show itself as a reliable and stable brokerage in record breaking time. The main priority of OptionBit is creating best trading environment for its customers, whose number is constantly rising.
The broker is headquartered in Nicosia, Cyprus.
Deposits and Withdrawals
The broker is offering a standard set of financial tools for depositing and withdrawing funds:
- Bank transfer;
- Visa and MasterCard credit cards;
- WebMoney, Tradologic, Revters, Neteller and Moneta.ru.
All payments are accurate and timely. Bank transfers are made within 3 working days. E-Wallet and credit card payments are processed within one banking day.
No additional commission is charged for money transfer.
Reliability and Certification
Financial activity of OptionBit is regulated by the Cyprus Securities and Exchange Commission
Bonuses and Promotions
All OptionBit customers get a welcome bonus. Its size depends on the initial deposit:
|Initial deposit (USD)||Bonus (%)|
Bonus money should be used in trading. A trader must meet a number of trade volume requirements to withdraw these funds from its account.
Trading Accounts and Options Types
OptionBit customers can register a live trading account with minimum deposit of $200 USD in the following currencies:
- US Dollar;
- British Pound.
Managing such an account, a trader can trade the following types of options:
- One touch;
The range of underlying assets for all options is as follows:
- Currency pairs;
In general, the range of trading tools and underlying assets is quite standard. But there are some peculiarities. These include somewhat extended range of commodities, as compared to other brokers. OptionBit is offering to trade oil and copper.
OptionBit trading platform was developed with the use of state-of-the-art technologies. Traders have easy access to the required information. Convenient interface, extensive research and information section, wide scope for graphical analysis ensure comfortable trading environment.
The platform has unique instruments of control:
Close – the option allows traders to retain part of their investment in case of unfavourable market situation;
Extend – the option allows traders to increase the expiry time by themselves.
OptionBit customer support is available 24 hours a day six days a week (с сайта). The support team gives assistance in the following languages:
Educational programs developed by the company experts are highly appreciated. Peculiar focus on graphical analysis sets OptionBit apart from other brokers.
Pros of Trading with OptionBit
- The main competitive strengths of OptionBit are as follows:
- Advanced trading platform from one of the leading developers Tradologic;
- Broad selection of trading tools and underlying assets;
- Adaptive training system.
Somewhat unusual customer service can be considered as a disadvantage. When contacting the support team you will have to answer several questions irrelevant to your problem. In this way the company wants to establish customer feedback, allowing its analysts to better cater to customer needs.
Cyop: It’s hard for me to compare as I don’t have any experience of trading with other brokers but I can say there were no troubles over the period of my work with OptionBit. Orders are executed quickly and accurately. Withdrawals are also trouble-free. Customer support representatives are polite and highly professional. All is great. Thanks to the broker. I recommend it to all.
Farhad Zamir: It’s a common medium broker. Nothing special but there are almost no troubles. It’s quite ok.
The word “established” best suits the broker. All procedures and algorithms are optimized and “polished”. The same goes for the selection of underlying assets. The broker is equally convenient for both beginners traders and professionals.