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Optionbit Review:

Website: www.optionbit.com
Since: 2009
Payout: 81%
Min Deposit: $200
Currencies: USD, EUR, GBP
Languages: English Español Italiano Deutsch Русский Français Swedish 日本語 العربية

General Overview

OptionBit™ is a leader in web based binary options trading. Established in 2010 and located in Cyprus, OptionBit™ offers trade assets in a variety of financial markets including currencies, commodities, stocks and indices. OptionBit™ is the very first options broker to have launched the Algobit platform. Algobit is an in-house algorithm that scans the financial markets. The algorithm recognizes new trends and lets the trader know when it’s right to enter a trade. Algobit has a record of 99% accuracy of trend recognition. With this type of software, traders don’t need to determine the direction of the trade, just the when they should enter the trade. OptionBit’s philosophy is to open up the world of binary options trading to everyone by creating an easy trading platform. Ensuring that no previous financial trading experience is necessary, the platform is easy enough to use for the most novice traders.

Platform

OptionBit’s platform (provided by TradoLogic) is exciting and revolutionary, offering a wide array of tools and resources. Their trading platform is user friendly and makes tracking your trades as simple as clicking on “My Trades”. Strategizing with OptionBit™ is easy with the variety of trades that it has to offer. While this does mean taking the extra time to understand each type of trade, in the long run it will provide the trader with an experience that feels tailored to them. OptionBit™ has a free demo account with $500 in virtual money so that traders can test the platform. OptionBit™ is the only options trading platform to offer traders three unique types of binary options to trade: Digital, Touch and Range. Digital trades predict whether an asset’s price will rise or fall. Touch determines if the asset will touch above or below a starting point before the expiry time. Finally, Range decides if an asset will stay within a pre-determined price range or not.

Reliability

OptionBit™ is committed to the safety and security of their traders and the funds that they deposit. SSL encryption technology is employed to safeguard all Internet based transactions. Deposits can be made by internationally recognized methods such as, credit cards, wire transfer and MoneyBookers. OptionBit™ accepts a wide range of deposit types, which is not only impressive but adds a level of convenience to their reliability. Withdrawing funds is equally convenient. Funds are sent quickly and without hassle.

Customer Service

With OptionBit™, traders can be sure that they are being helped by a reliable and knowledgeable team. OptionBit’s customer service attracts traders from around the globe. Service is offered in ten languages: Arabic, English, French, German, Italian, Japanese, Portuguese, Russian, Spanish and Swedish. Traders can reach customer service via live chat, email, web contact form and hotlines. There are telephone numbers for seven different countries, done so customers can save on international calling. Representatives are ready to answer your toughest questions and respond to requests within seconds.