OptionBit Short Review

OptionBit Short ReviewOptionBit is one of the true veterans of Binary Options trading market. The broker started on May 2010 and since has brought many interesting features in this branch. It resides in Cyprus as many other companies and has CySEC license. OptionBit offers a very popular trading platform TradoLogic that is one of the most user friendly and reliable one.

OptionBit Full Review

The broker is one of the leaders in this branch. It is due to the combination of aspects such as high quality service, responsive support, trading signals (Algobit), a well-designed training system. Trading with OptionBit is a good opportunity for both novices and skilled investors. There are many types of contracts and a whole set of assets that will be interesting to all clients.

OptionBit Review: Features

One of the most popular feature that OptionBit kindly offers to its clients is Algobit. Actually, this system was a pioneer in Binary Options trading signals branch. Nowadays every trader who sings in with the company, has an opportunity to use Algobit absolutely free (it is to note, the a trader has to deposit according to minimal brokers requirements first).

Algobit is not the panacea. However it helps traders to be more confident of the decisions they take. Moreover, this signal system often provides wrong signals. However, if a trader uses it as an addition tool to his own trading strategy, he increases his chances to success.

OptionBit provides traders with free demo accounts (on demand). Every client may try the platform before opening real account contracts. Traders may also develop some strategies and test them on demo.

OptionBit Review: Contracts and Assets

OptionBit offers to its clients 5 types of contracts to use:

Digital. This is a classic contract, a traders has to guess, whether the price goes up or down from the strike.

One Touch. Very popular high yield contract.

Touch/No touch. A low yield variety of One touch.

Range. This is a Boundary instrument.

Turbo. Famous short term contract.

As for the underlying assets, OptionBit gives the possibility to trade Currencies, Commodities, Stocks and Indexes.

OptionBit Review: Education

Almost every reliable and regulated broker provides its educational system to traders. Every current or eventual company client may learn some interesting things on trading itself, financial markets, analysis methods, strategies etc.

There are asset index, glossary (where one can find some data about main trading terms and notions), videos online and a special training programme. For those, who want to trade news there is Economic calendar.

OptionBit Review: Scam Broker?

All the leading brokerage companies have the same problem: they are “Scam” according to some traders’ opinions. Unfortunately, this cliché has not passed by OptionBit. Sometimes you can find some negative feedbacks on this broker, saying it is unreliable, unfair, low quality company.

How to understand whether such opinions are true or false? First, you can make a “promenade” over the website. There are many thing to learn and to look through.

If you still in doubts, there is no other way to verify the broker but to open an account. OptionBit requires the same minimal deposit as the others. You can try it and who knows, maybe the broker will be your best Binary Options partner.

Pros

Reliable company
Trading Signals
Regulated Broker

Cons

Low Payouts

Name OptionBit
Bonuses Yes
Demo Account Yes
Founded 2010
HQ Cyprus
Min Deposit 200 USD
Min Investment 25 USD
Payouts Up to 81%
Regulation CySEC
URL optionbit.com