|Website Languages||English, French, Dutch, Spanish, Italian, Portuguese, Russian, Swedish|
|Minimum 1st Deposit||$200|
|Minimum Trade Amount||$10|
|Bonus||50% First deposit match bonus.|
|Security and Privacy Offered|
|Free Demo Account|
|Deposit Methods||Visa, Mastercard, Bank transfer, Skrill, Neteller|
|Trading Methods||60 Seconds, One touch (Touch/No touch), Range|
|Types of Assets||Currencies, Commodities, Stocks, Indices|
|Number of Assets||100±|
|Expiry Times||30 sec, , 60 sec , 2min , 5 min , 15/30/60 min , week , month|
|Account Currency||USD, EUR, GBP|
|US Traders Allowed|
- Good support
- One of the first brokers online
- Maximum trade $5000
- Free eBook in English only
- Welcome bonus is 50%
- Does not accept alternative payment methods
Optionbit was launched in 2010 from their Cyprus headquarters they offer support in 7 different languages while utilizing the Tradologic binary optiosn trading system. Optionbit likes their customers to trade in large volumes and offer no rebate on losing trades.
Optionbit was launched in 2010 with a web-based Tradologic trading platform. They are operating from Cyprus and offer trading and support in 7 different languages via chat, phone and email.
Since option bit is powered by Tradologic it offers the four most popular trading methods currently available:
- 60 seconds
- One touch (Touch/No touch)
- Up/Down (High/Low)
They have 63 different assets in 4 different categories: Indices, Stocks, Currencies and commodities.
Their trading platform is easy to use and very intuitive as expected from Tradologic.
The maximum payout is 81% which does not considered an industry best and they do not offer a rebate option for losing trades – out of the money options.
Their minimum accepted first deposit is $200 and the lowest possible trade size is $10 (maximum size is $5000)
Option bit get their quotes feed from Thomson Reuters which is considered highly reliable and an industry standard.
Pay attention to:
- Very high maximum trade size set to $5000 enables “heavier” traders to take advantage of the Optionbit platform.
- No rebate / refund offered for losing trades.
- Extend trade or Close now features are a great tool to capture trade momentum as well as an Autotrade option.
- Minimum trade size is $10 and the first deposit lowest amount accepted is $200
Optionbit will most likely appeal to more experienced traders that know what they are after and do it in high volumes. New traders can trade with Optionbit as well but will most likely stick to lower trade sizes at first and won’t take advantage of the high maximum trade size allowed.
Further more, the automatic trading tool and the no rebate are more suited for experienced traders rather than first timers.