OptionBit Brokers Overview & Some Company Facts
OptionBit launched their operation during the last couple of years ago, May 2010. And like most online brokerages, their trading platform is web based. This gives traders of OptionBit’s trading platform tremendous mobility as it allows them to trade from virtually any location around the world so long as there is internet access. Based and operating out of Cyprus, OptionBit have continued to grow from strength to strength as they are one of the more reliable binary options brokers around in this competitive market.
The OptionBit Trading Platform
OptionBit’s trading platform has a wide array of tools and resources useful for binary option trading. Their trading platform is user friendly and also offers a “My Trades” box that indicates trades that are open.
Types of Trading Available With OptionBit
Through the trading platform provider TradoLogic, OptionBit provides you with 3 three types of trades
- Regular above/below binary options
- Extend and Close Now feature
- With this feature, traders can extend or close their trading options on the spot.
OptionBit’s List of Trading Assets
As a trader with OptionBit, you have the opportunity to trade on several types of underlying assets like:
- 6 types of Commodities
- 11 Currency/Forex pairs
- 10 stocks and 7 indices
OptionBit Customer Service Reputation
With OptionBit Customer Service, traders can reach them through “Live Chat” or request them to respond back through the email option or call back option. Traders whose mother tongue is not English will be relieved to know that Customer support is available in Spanish, German, Russian, and Turkish.
Plus aspects for OptionBit
- OptionBit have an excellent multi-lingual support team, excellent for traders who are not fluent in English.
- Their Extend or Close now feature allows traders to lock in their profit, ‘close now‘ or to increase your profit yield by extending the expiration time on your trades.
- Autotrading software, especially OptionsBit’s new signals robot ‘Algobit’ are neat little features that allows you to automatically rollover your profitable positions. With this feature, your can take advantage of a momentum without being glued to the screen.
OptionBit Payout Arrangement
OptionBit offers a very competitive rate on the return for trade “in-the-money” that ranges from anywhere between 65 to 81%. However, they do not offer any return for trades that are “out-of-the-money”. For the added protection of traders, clients’ funds are protected and held in a different account.
Negative aspects of OptionBit
There is really only one slightly negative aspect with OptionBit, the fact that they don’t offer money back for your trades that are out of the money. We can’t have all the cake and eat it.
In conclusion and our rating
OptionBit have exceeded our expectations because currently there are no binary options brokers that offer both the “Extend or Close now” feature and and advanced “Autotrading” software available on the OptionBit trading platform. Only OptionBit provides these great extra features for us as traders. Coupled with the ease of use of the trading platform, we feel OptionsBit is well worth your interest. Our Rating 8/10. Visit OptionBit Brokers Here….
Increasing your monthly income with OptionBit
OptionBit is the number one choice for online trading, offering a wide range of financial services, including currency trading, commodities, indices and much more. Both beginners and more professional traders will benefit from the powerful and easy to use trading tools and services that OptionBit has to offer. Enjoy a unique robust trading platform that creates an ideal work environment, allowing you to invest more time on actual trading and increase your chances of becoming a successful trader.
Latest Update – Algobit Trading Signals Robot Is Launched
Algobit Is A New Trading Signals Robot From OptionBit
Watch the Extended Version Algobit Video Review & YouTube Tutorial Below
Just a few days ago we launched our new signal bot- Algobit. Unlike the field’s familiar bots, Algobit doesn’t trade for the trader- but rather, supplies the trader with constant trading signals with amazing accuracy! Traders simply:
1.Watch the signal
2.Enter the recommended trade
3.Collect their profit
Trading with Algobit is being reported as one of the the easiest and most profitable experiences with a signals service that traders have tested in the last few years. It seems to be the answer to all traders’ wishes and the numbers follow that feedback. Since the Algobit launch OptionBit VIP traders increased their binary options portfolio profits by an amazing 22% and they registered 40% more in trading volume. As Algobit runs on its own platform, trades are executed directly, so traders do not need to login to OptionBit as well.
More Fantastic Trading Tools
OptionBit traders also have access to the ‘Close’ and ‘Extend’ features. The ‘Close’ option allows traders the ability to sell options before the time of expiration in case of unpredicted performance or to ‘lock-in’ a profit, while ‘Extend’ allows traders to extend the time of expiration in order to increase the odds of greater financial reward. OptionBit also provides its clients with round the clock trading and smaller bidding amounts, perfect for beginners to practice trading before hitting the markets like a professional.
Flexible Trading With OptionBit you are in control. Benefit from the ‘Close Now’ ability that enables traders to cancel an option before the time of expiration. This helps you maximize your earnings and decrease your losses. In addition, you will enjoy OptionBit’s ‘Roll Over’ feature, allowing you to continue an option after it has expired.
Learn how to earn
Learn everything you need to become an options trader, including 1-on-1 training with an options expert. You will also receive a free eBook that explains the basics of options trading and how you can take advantage of the wonderful opportunities available. OptionBit’s dedicated support and technical staff are also standing by to assist in any way possible, in order to ensure that you have the best chance of becoming successful trader.
There has never been a better time to increase your income
Increase your monthly income as an options trader. You can trade from home, the park, while on vacation, or anywhere else – 24 hours a day! Start now and live the life of financial freedom and stability you always wanted.
Latest News Update May 21st 2014
OptionBit are now regulated under the EU-recognized CySec Regulation
Due to OptionBit’s and OptionXP’s constant striving to fit with the needs and expectations of the binary options’ industry, both brands are now fully compliant and regulated under Cyprus Security and Exchange Commission. As result, both brands have resumed full trading activity in Italy and will continue to operate and provide same financial services worldwide.
“While we were always a trusted broker”, says company CEO, “CySec regulation stamps it as a fact- we are here to provide traders with the best platforms and the best services in the most honest and reliable matter. Our mission is to continue being the main player in the binary options’ industry. We have been acting upon this goal prior to receiving the regulation, thus surely, we are expecting nothing but growth and further success after completing this move”.
EU-recognized CySec regulation allows OptionBit and OptionXP to operate in full and under regulation in all European countries, assuring traders from all over the world that their funds, their privacy and their trading efforts are fully secure and optimized.
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