OptionBit Broker Review

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OptionBit Review

OptionBit

Broker OptionBit
US Traders Accepted
Company Name Global View International Services Ltd
Headquarters Saint Vincent and the Grenadines; 272 Bath Street, Glasgow G2 4JR, United Kingdom
Regulation No
Bonus Type Match bonus
Bonus Size $500
Max Payout 81%
Out-of-Money Reward 0%
Trading Platform TradoLogic
Deposit Options Credit/debit cards, Western Union, Skrill and bank transfer
Deposit Currencies US Dollar, Euro, and Pound Sterling
Minimum Deposit $200
Minimum Trade $10
Maximum Trade $5,000
Online Since 2020
Trading Instruments Currencies, indices,bonds, commodities and stocks
Number of Trading Instruments 33
Binary Option Types Digital, Touch, Range
Customer Support Types Online chat and phone support (Monday-Friday 7:00AM to 9:00PM, GMT)
Education Offered Binary eCourse, Binary Tutorial, Free e-book on binary trading
Tools Offered Take Profit, Stop Loss & Roll Over
Commission The first withdrawal per calendar month is free, with subsequent withdrawals costing $30.
Languages English, Romanian, Dutch, Spanish, Turkish, French, Portuguese, Italian, Russian, Arabic, Korean, Japanese
Demo Account Free one-time one-day demo account on request

OptionBit offers more than 30 financial instruments for trading. However with OptionBit, traders from the US can trade in stocks only. Incorporated in Saint Vincent and the Grenadines, the binary options broker has an offices in the United Kingdom. They support several European languages besides Arabic, Japanese and Korean languages. The company was founded in 2020 and they offer payouts of up to 81%. They offer an in-the money reward of 75-81% but there is no out-of-money reward and it simply means loss for the trader.

OptionBit is not a regulated brokerage company. The company provides trading platform and tools to help support its registered traders. They provide a Demo Account with single day validity with free account registration. However, for activation of a demo account, the registered user will have to make a request. One can fund their account with a minimum amount of $200 only. And they have different funding modes such as MasterCard, Visa, Western Union, Skrill and bank transfers. Moreover, they offer attractive bonuses for depositing the account for the first time.

Trading Choices

The majority of the brokers offering binary options claim to provide a number of trading choices to its registered users, whereas OptionBit has a small collection of 33 assets. Many traders may not find a suitable trading option with OptionBit because of their limited number of assets. Availability of a wide range of assets brings in more traders to a company, as they get a number of choices. However, for European traders the Bund Bond offered by the company can be an appealing instrument. This German bond is greatly popular in the European asset market. However, they don’t have any asset from South East Asia and the Middle East, besides offering language support for the people of these regions. They however offer a range of currency pairs for trading and this perhaps makes them a profit-making broker.

Reliability

OptionBit is not a regulated company and at the same time, the trading platform offered by them is less commonly used in the industry. These two are the important factors that can make any trader to raise a question about their durability. The live chart support endeavors to make all trading trouble-free and there is hardly any delay in order confirmation.

Technical Analysis

OptionBit is again not a great company when it comes to provide technical analysis and tools to its traders. Traders need best charting and real-time market reports to help assess the market movements appropriately. OptionBit’s tools are not very smart and intuitive to help the traders. Many brokers today provide historical data and multi-directional larger charts whereas OptionBit provides tiny charts that can hardly help a trader to anticipate about the market. OptionBit should think supplying free charts and better tools to its traders so that they can ensure larger profits in the market.

Simplicity of Use

OptionBit has a simple user interface that anyone can easily understand and can start real trading very quickly. The interface is rather plain and clutter-free. The design endeavors to provide a simple navigation feature. However, the feature concerning customization of alerts is missing. Neither a trader can define a set of preferable assets to get alerts related to them. However, the money deposit and withdrawal options are quite simple.

Learning & Support

They also claim to offer learning resources in terms of Binary eCourse and Binary Tutorial, but which are not as exhaustive as needed to be to make understand everything about binary options trading. Registered users however can download a free e-book on Binary Trading to help develop a better insight of binary trading. The site also has a Quick Guide video tutorial that takes one through the journey to the binary trade. A FAQ page and live chat support are also there to help the users.

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  • BINOMO
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    Only For Experienced Traders.

Conclusion

The best thing is that their minimum deposit is $200 only, which is very low initial investment for entering the binary options market and can be a preferable choice for the small investors. However, the trading platform offered by them is not used commonly in the industry. This may keep pro traders away from them. Moreover, they offer a limited number of options, which an expert trader may find again a less attractive aspect. And above all, they are not regulated by any organization or body and this limitation can keep many trading aspirants away from OptionBit.

OptionBit , 2.0 out of 10 based on 1 rating

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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.

Details

Broker OptionBit
Website URL www.optionbit.com
Founded 2020
Headquarters Global 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
Payout up to 400%
Free Demo Account Open Demo
Regulated
Regulation CySEC, license number 224/14
Number of Assets 130+
US Traders Allowed
Mobile Trading
Overall Score 8.9/10

Full Review

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, 2020, 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.

Reviews

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.

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.

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.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

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