Established in 2009, OptionBit have their base in Cyprus and are owned by Green Galaxy International S.A. This broker offers their services to traders from all over the world and are committed to supplying a secure trading experience while putting the investor’s needs first. This broker was founded by former binary options traders and over the last few years it has risen to become one of the industry’s leading providers of brokerage services. Their innovative and progressive platform is ideal for use by both new traders and those with considerable experience, offering a host of special features while still being intuitive and easy to use. With their headquarters in Nicosia, OptionBit are regulated by CySec and are a licensed provider of financial services. This OptionBit binary options broker review aims to help you to make an informed decision about whether this is the right broker to suit your requirements and gives you all the essential information that you require.
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OptionBit Account Types and Trading Options
There are several account types offered by this broker, each aimed at meeting the needs of a different type of investor. The Mini account requires just $200 as a minimum deposit and brings with it a Welcome Bonus upon registration. This account type offers a free eBook on the subject of trading and gives the benefit of an analyst who forms a single point of contact on all trading matters. Free trading alerts and market reviews are sent out once a day, there is access to educational resources and one free monthly withdrawal comes as standard with this type of account. The Standard account requires a deposit of $1000 and brings with it a 50% bonus and a 100% loyalty bonus. Investors with this account type receive twice daily market reviews, digital lessons, up to 5 1 to 1 trading sessions each day and an individual account manager as well as one withdrawal for free each month. The premium account offering is the VIP account with its $10,000 minimum deposit requirement. This account offers some excellent benefits including a 75% welcome bonus and 100% loyalty bonus, two free monthly withdrawals, unlimited one to one trading sessions and a personal market expert to handle the account. There is also the option of opening a free Demo account with virtual funds of $500. OptionBit offers a great choice of tradable assets including a selection of popular currency pairs, commodities, stocks from top performing companies and indices.
OptionBit Trading Platform
OptionBit’s TradoLogic trading platform is a modern and user friendly interface that is simple to use. While being easy enough for a newcomer to navigate, it features many advanced analytical tools that will appeal to experienced traders including the Advanced Chart section. The platform requires no downloads, thus saving memory on your PC, and it can also be accessed through mobile devices at any time and in any place. Some of the best features of the platform including the AutoTrade feature which allows investors to adopt a long term strategy and the Close Now facility which helps traders to limit their risk. The trading platform’s Algobit software enables each investor to customise their trading experience by either using manual or automatic trades to suit their level of experience. OptionBit offers educational resources to their investors with a one to one live chat or telephone based training programme for each trader. This helpful and unique offering allows newcomers to receive a general introduction to the financial market while giving an insight into trading strategies, vital indicators and analysis. There are also video tutorials available to allow investors to educate themselves in their own time.
OptionBit Customer Support and Deposit and Withdrawal Options
OptionBit take the security of their clients’ investments very seriously and only use secure instruments to make deposits into trading accounts. Traders can choose from traditional methods such as bank wire transfers and credit cards to fund their account or more modern electronic methods like PayPal, Skrill and WebMoney. The minimum amount for deposits is $200 – low enough to appeal to new investors and the maximum transaction amount permitted is $5,000. Withdrawals are processed usually within 3 days and there are no fees charged on deposits. Every account holder is given at least one free withdrawal each month, however further withdrawals attract a fee of $30 per transaction. OptionBit take pride in their excellent customer support and provide many ways of contacting their team including online contact forms, email addresses and the convenient live chat facility that allows rapid responses to questions and issues. There is also a telephone helpline which can be used 24 hours a day. This telephone support is available in 9 different languages to meet the needs of customers who use languages other than English.
OptionBit are a good and reliable choice of binary options broker with plenty to offer both new and experienced investors. Their excellent range of tradable assets is complemented by a high quality customer support service and plenty of banking options. Their one to one training programme is also an attractive feature, especially for those who are new to trading and who would value an opportunity to ask all of the questions that arise in the early stages. With account types to suit all requirements and a good range of analytical tools and special features, it is easy to see why OptionBit is a popular choice with traders all over the world who are looking for a licensed and regulated broker.