OPTIONBIT Review

The market for binary options is still very new, as the practice was only made legal in 2008. It is wonderful to be able to find a successful broker that has been there for a few years, and OptionBit.com is one of the few in that category. New brokers arrive every week, so it is nice to be able to find a successful broker that has been around for a few years. 2009 marked the beginning of operations for the company, which was established the following year in Cyprus. They have already garnered a reputation for providing excellent service, for being innovative, and for being a broker that ensures that everything is kept straightforward and uncomplicated. They are one of the first companies that offered a complete product set of classic call/put, one-touch, touch/no-touch, range, and turbo type option possibilities, all under one roof. To begin, the website can be viewed in nearly a dozen different languages, which is an indication of their growth across the globe.

The ability to adapt to new circumstances is yet another advantage. Close and Extend capabilities enable a variety of strategy modifications to be made in the middle of a trade, and their one-of-a-kind auto-trader function enables you to roll over your gains automatically based on selections you control. OptionBit’s auto function is essentially an automatic version of the popular Roll-Over tool that can be found at the majority of other brokers. This means that missing a trend will not haunt your trading experience if you use this broker. An additional innovation is called “AlgoBit,” and it is a set of algorithms that was built in-house. During a trading session, these algorithms can notify you of opportunities as they present themselves in the market. These warnings do not constitute a guarantee; nonetheless, they do provide direction and assistance in the process of formulating your trading strategy. In addition, there is an abundance of educational and support materials, and the customer service representatives consistently earn top honors in both feedback and independent reviews.

OptionBit has come to the conclusion over the years that it is better to offer higher returns on all assets rather than the occasional high payoff percentage that can be touted for marketing purposes. This decision was made in light of the fact that it is more beneficial to offer higher returns on all assets. As a consequence of this, you might find more payoffs at the 81% level than with other brokers; but, the company has chosen not to offer rebates on incorrect trades, so this could work to your disadvantage. The popular “TradoLogic” trading platform for binary options is one that the company recommends and uses since they want to achieve their goal of simplifying the trading process as much as possible. There are not going to be any complaints regarding withdrawal requests because the very first withdrawal request you make each month is completely free. When all is said and done, it is a fact that experience does make a difference, and if you choose OptionBit as your binary options broker, that difference will most certainly be apparent. We regret to inform you that at this moment, we are unable to serve customers from the United States.

Accounts

Within the OptionBit VIP program, you have the option of selecting from three different trading accounts.

Traders who register a Mini account with a minimum deposit of $250 are eligible to get a welcome bonus of 30% of their initial deposit as well as a loyalty bonus of 30% of their original deposit. The Standard account requires a minimum deposit of $1000 and offers a bonus of 50% of that amount. This account receives a 75% bonus for its continued loyalty. Anyone who deposits at least $10,000 is eligible to register a VIP account, which comes with a 75% welcome bonus and a 100% loyalty incentive.

Every customer who opens an account is entitled to a free ebook, one-on-one trading, and a plethora of additional incentives.

OptionBit’s administration can be contacted directly for further information about the Diamond account, which can be purchased for a minimum of fifty thousand dollars.

The OptionBit demo is available, but it can’t be accessed until after the initial deposit has been made. The demo allows novices to practice trading with virtual currency before they put real money on the line.

FEATURES AT OPTIONBIT

The following is a list of the distinguishing elements that can be found on the OptionBit.com website:

• Since its inception in 2009 and its introduction to the market in 2010, OptionBit has maintained its position as a pioneering industry leader and innovation for more than five years;

• in accordance with the more stringent regulations governing financial services imposed by the CySEC;

• Client deposits segregated for protection;

• For your trading enjoyment, we have picked over seventy asset possibilities, which were chosen based on their increasing popularity across the world over time (Currency Pairs = 13, Commodities = 4, Indices = 13, and Equities = 39);

• Payouts can range anywhere from 70% to 81%, with the average tending toward the higher end of that spectrum;

• The widest selection of available options, including the traditional high/low, one-touch, touch/no-touch, range, and turbo settings;

• The Auto-trader enables a programmed roll over of profits if a trend is expected, and this is done in accordance with the terms defined by the trader;

• Close, Extend, Auto-trader, and AlgoBit, an innovative alerting system that anticipates potential trading opportunities, contribute to an increase in the platform’s flexibility;

• The widely used “TradoLogic” binary options trading platform provides a user-friendly interface in a format that is considered to be industry standard;

• We provide customer care around the clock in seven languages, and our website is available in eleven;

• They provide a large amount of training and support resources, including 21 VOD (Videos on Demand) and more, all of which can be found on their learning academy;

• There are a variety of bonus programs and promotions available; visit the website for more information on these;

• Welcome bonuses for standard accounts range from 30–50%, depending on the size of the initial deposit; VIP accounts, on the other hand, receive additional incentives that increase with their level;

• Support for a wide variety of methods for both deposits and withdrawals;

• We do not serve customers from the United States.

Specific Characteristics of the Online Trading Platform

As was just noted, the trading platform offered by OptionBit is unique in comparison to virtually all other platforms. To begin, the trading platform provides users with the ability to exit a position prior to the time when it is scheduled to expire. Traders also have the ability to use the “Extend Now” function, which allows them to postpone the completion of their trade until the following expiration cycle.

Traders also have access to a tool called “Autotrade,” which enables them to conduct transactions on a more long-term basis. For instance, a winning trade can automatically be reopened in the same direction with the entire amount to compound the trader’s wins. This increases the trader’s potential profit.

However, arguably the feature that stands out the most to customers is the Algobit trading algorithm that is included into OptionBit’s trading platform. The technology monitors the markets in an automated fashion and assists traders in being notified of any new trends that are emerging in the market. Because of this, traders won’t again have to worry about missing out on any potential trading opportunities again.

Education

Traders can learn everything they need to know before beginning to trade by participating in the educational programs that the company offers.

The training program offered by OptionBit can take place either over live chat or over the phone, whichever the traders find to be more convenient. The trader and the market analyst who is allocated to his account will work together one-on-one for the entirety of the training sessions. They are structured to include a total of five classes that cover the following subjects: an overall introduction to financial markets; fundamental analysis; technical analysis; indicators; and trading methods. The training will continue for as long as the trader believes that they require it.

Instruction is provided on the fundamentals of binary option trading, as well as more advanced trading tactics and pointers on how to develop trading talents in order to be successful in trading. Their wide library of virtual films may be accessed on their website.

Articles from the daily news You may find it at the top of the landing page. It came as a surprise to me to find that there was no market analysis of any kind given.

An economic calendar that includes weekly events is supplied, and a dictionary that covers the majority of financial terms and subjects is also included.

The Frequently Asked Questions section is fairly comprehensive and covers a wide range of topics that are applicable to both new traders and those who have prior experience trading binary options.

PLATFORMS

The management team at OptionBit has made the decision to trade binary options using the web-based platform known as “TradoLogic.” This platform is extremely popular. There is no requirement for sophisticated downloading. Mobile apps are also accessible. You can engage in trading with OptionBit so long as you have access to the internet. In addition, every session is encrypted using the most recent and cutting-edge 128-bit SSL technology to prevent hackers from ruining your day and to maintain the confidentiality of all data.

Proprietary

The trading platform utilized by OptionBit is straightforward and governed, and it is powered by the cutting-edge technology of TradoLogic. The Trader Insight function has only just just been added to the platform.

The interface is well-organized and straightforward to use. OptionBit’s platform, like that of the vast majority of newly developed Binary Options Brokers platforms, is entirely web-based, supports 10 different languages, and does not require the user to download any software. It comes furnished with a multitude of helpful tools, such as Range, Touch, and Digital trade, as well as other In-Trade tools, such as Close Now and Extend options. By selecting the “Multi” button located in the corner of the chart’s top right hand corner, you will be able to view numerous charts at the same time.

DEPOSITS AND WITHDRAWALS

Wire transfers, credit and debit cards, MoneyBookers (Skrill), Click And Buy, and Webmoney are all acceptable methods for making deposits. In the future, other local and electronic wallet payment options will also be made available. As long as the identification information that is required by international law is stored, withdrawal requests are processed very quickly. Your first withdrawal of the month is on the house, and unlike many other brokers, you won’t discover any complaints here regarding the length of time it takes to process withdrawals.

SUPPORT FOR CUSTOMERS

The company takes great satisfaction in the quality of the customer service that has, over the course of its existence, continued to improve. You can immediately get in touch with us by live chat, email, and direct phone lines, and we can communicate with you in at least seven different languages. The website’s content can be converted into close to a dozen other languages. When it comes to education and assistance, you won’t find resources that are comparable to this degree from any other broker. You won’t even come close. A comprehensive training program that covers everything from the fundamentals to advanced trading methods is complemented by a sizable video tutorial collection with a huge number of individual lessons. In addition, AlgoBit functions as a free alert system.

OPTIONBIT – CONCLUSION

In the fast-paced world of binary options that we live in today, experience is definitely worth something. OptionBit may be the broker that you have been looking for if you actually want to profit from a broker that consistently develops its services and is a leader in innovative thinking. If this describes what you are looking for, then OptionBit is the broker that you have been looking for. OptionBit did not survive the past few years of crisis and become one of the major brokers in the business by simple chance. They have built up their clientele and their name over the course of the years by a combination of tenacity and inventiveness, and these qualities are readily apparent to individuals who are new to their system.