OptionBit Review

Overview

OptionBit is one of the most premier binary options brokers in the entire industry. Their experience in this market is unmatched, thus offering the latest technology on a dynamic, but incredibly easy-to-use, platform.

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Details

BrokerOptionBit
Website URLwww.optionbit.com
Founded2010
HeadquartersGlobal View Ltd - Suite 305, Griffith Corporate CentreSuite PO Box 1510, Beachmont, Kingstown & Global View International Services Ltd - 272 Bath Street, Glasgow, G2 4JR, United Kingdom
Minimum 1st Deposit$200
Minimum Trade Amount$10
Payoutup to 400%
Free Demo Account Open Demo
Regulated Yes
RegulationCySEC, license number 224/14
Number of Assets130+
US Traders Allowed No
Mobile Trading Yes
Overall Score8.9/10

Full Review


The OptionBit broker is well-known as one of the most reliable online binary options brokers. Starting out in 2010, the company received a rapid development all over the world.The OptionBit Company has been very dedicated from the very beginning, with a great customer service and attentive approach to its clients. A trading platform, called OptionBit has all the modern, latest technologies, giving to the binary options traders a comfortable and safe way in trading. All users get an easy access to the information that they need for successful trading: advanced candlestick charts, which are available for any assets, the economic calendar, streaming prices, etc..

The platform offers various tools to fully control the trading process. With a help of «Close» option, traders have the opportunity to save their own investment. Option «Extend» allows the traders, if necessary, to increase the terms of option expiration.

A highly qualified, multilingual management personnel and customer service team are always ready to help, providing unlimited 24/6 support in regard to your choice of a trading strategy.

 

Features, Bonuses

1. Currency pairs (Forex currency market) – 12 kinds of currency pairs.
2. Products (global exchanges): copper, iron, silver, gold.
3. Indexes (World Exchange): 13 items (NASDAQ, IBEX, AEX 25, NIKKEI 225).
4. Shares (global exchanges): 40 companies (Gazprom, Toyota, Total, VIVENDI, Nike, IBM, Intel, Morgan Stanley).

OptionBit gives its customers a unique opportunity to get deposit bonuses, win great cash prizes in the traders contest, or become the owner of the latest iPad.

OptionBit offers to new customers a welcome bonus on their first deposit. The bonus is available for trading in any kinds of binary options, and its amount is determined by the staff of the broker on the basis of contributions.Every Month, the OptionBit is holding a contest for traders, which plays out a prize pool of $ 30,000. The competition is open to customers who commit the transaction in the amount of not less than 20 dollars. The winner will be the one who makes the highest number of profitable trades within given time.

 

Optionbit is it a scam?

Finishing on analysis of OptionBit reviews we raised the question of the broker’s reliability and wanted to find out how true the statement is that OptionBit could be a scam. Reading the reviews of various brokers it is always possible to find negative comments, stories about how companies are cashing in on unsuspecting traders, and so on. But how do you know whether it is true or the result of competitors false posts? Firsly, we look at is whether the broker is being licensed and whether they are regulated by international organizations. In case of OptionBit we do not see any reason for suspicion, because they are licensed by the Seychelles Securities and Exchange Commission (Green Galaxy International SA). Therefore, we are very skeptical that if OptionBit could possible be a scam. Nevertheless, trading with binary options is always connected with great risks, and you must work with brokers that have a well-known reputable regulator, with clear terms and conditions, which we strongly recommend to read first. This also applies to various bonuses and promotions.

If we find complaints about Optionbit, we will post it on social media. Follow us to be well informed:

 

Deposits and withdrawal

The accessibility and convenience policy makes the OptionBit a good broker. The depositing is carried out via almost any popular payment systems, including Visa, MasterCard, American Express, and payment systems, such as Yandex Money, Web Money, QIWI, CashU, etc. , it helps to transfer client funds immediately. The withdrawal is possible once the account verification is complete. The derived funds are credited to the customer’s bank card or an account of one of electronic payment systems, and takes around 3 days.

 

Regulator

The OptionBit is a popular trading platform for trading binary options. The presence of the license from the Green Galaxy International S.A. demonstrates our unwavering desire to always be a reliable broker of binary options. The Green Galaxy International SA Investment Firm registered under the laws of Mahe, Seychelles, Incorporated December 31, 2012, having its registered office at Company number 117556, 1st floor, Dekk House, Zippora street, and is regulated by the Seychelles Securities and Exchange Commission (Green Galaxy International SA), the license number is 117556.

 

Conclusion

A set of functions from the OptionBit trading platform will satisfy any type of traders around the world. The system is high payouts, available assets of 100, which gives the platform the maximum profitability. Trading on Algobit system, equipped with free signals, is exclusive from OptionBit. The clients can open an account on the broker’s website and receive an welcome package with an impressive investment bonus, personal account manager, training and other pleasant things. The OptionBit broker offers a standard package of services for trading on financial markets binary options. At the same time, it is a professional company with an unblemished image that can provide traders with all that is necessary for a safe and profitable trading. The broker is in the top 10 of market leaders, due to the continuous expansion of trading tools and functional improvement of work, is not going to leave this position, we recommend Optionbit to those who really care for safety, reliability and reputation of their chosen brokerage firm.

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Reviews

  • Wendy

    Not impressed, I opened an account with the minimum requirement of £250.00. After 5 days I was finally contacted by my ‘Senior Account Manager’ and 1and a half hours into the call he suddenly tried to pressure me into dispositing another £4,750 When I told him that I was not comfortable doing this and offered £2,500 he informed me it was £5,000 now or never, when I said never he hung up the phone on me!! So I suppose I can kiss that Account Manager goodbye – so goodbye Alex!!!

  • Cindy

    I’ve been doing research, looking for the right broker to sign up with, and have read numerous reports that OptionBit is a scam (though no one has confirmed this 100%). But I have heard enough stories like Wendy’s below to make me not want to sign up with them: numerous comments on forums discussing how they have you deposit 250, then instantly start pressuring you to deposit up to 10,000.

    In addition, they seem to do all the other basic scam-y thing: make it impossible to withdraw your money, start trades without notifying you, and there are reports that they use the “Aussie method” scam — guaranteeing you a profit if you deposit 250, profits that will be via using their software (and if they don’t make you a profit, they promise you $10,000). Of course, no system can PROMISE to make you a profit, so this automatically is scamming behavior. And, of course, the initial request for 250 is just a way to start pressuring you to deposit more and more…

    Anyway, that’s more than enough warning signals for me, so I, for one, am staying away from OptionBit.

    • Ben

      Dont trust Optionbit, it is a straight out Scam, the brokers or anyone you talk too have No Morals or any business ethics whatsoever, they will stay on the phone until u give in and start with $250. I had several brokers from the organisation contact me and i invested $250 and before too long I was sending thousands of dollars I lost everything. Had dealings with these guys and they simply want your money and you never get anything back.

iq

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