OptionBit is a platform of binary options trading that allows you to exchange assets in a variety of financial markets, including currencies, commodities, stocks and indices. This company was founded in 2010 and is currently in Cyprus. According to their website, Optionbit was designed to be fairly easy to use for novice traders who are looking to earn a second income, but also powerful enough to satisfy the needs of experienced traders. In this review Optionbit, I’ll explain all the features of this platform and the advantages and disadvantages.
The platform OptionBit was created and designed using the technology of a company known as Tradologic. Tradologic creates the technology behind most platforms the best binary options, and is the preferred choice of most traders. OptionBit only requires a minimum deposit of $ 200 to open an account, and a minimum value of trade only $ 10. And to the delight of many traders Optionbit.com also offers customers a free demo account to test their platform with virtual money.
Offered types of trade
Digital – Predict whether the price of an asset will rise or fall.
Touch – Determine if the asset will touch above or below a point of departure by the expiration date.
One-Touch – Determine if the asset will touch or not touch a predetermined price before the Expiry Time.
Range – Deciding whether an asset will remain within a range of predetermined price or not.
60 seconds – trade in a fast paced environment with expiration time of 60 seconds, 2 minutes, or 5 minutes.
Risk management tools
OptionBit provides several tools for managing various risks that help you maximize your profits while minimizing your losses.
Now close – Close is now a feature that lets you close a trade before the Expiry Time. This tool can serve two different purposes. (1) If you have a strong position in a business, but do not know if it will remain until the expiration date is reached, you can sell your option and lock in your profit. (2) If your business has a losing position, you can sell your option before the expiry date and return a percentage of your initial investment. It is an essential feature that can help you manage your risk considerably.
Extend – This tool gives you the ability to extend the expiry time of an option during the exchange to another available time expires. This function is mainly used when you see that your prediction takes longer to achieve. So if your business is holding a losing position, you can extend the expiration date in the hope of markets and taking a positive turn in the direction that you had predicted. This essentially enables a potentially losing trade into a winning trade.
OptionBit offers 13 different currencies to be marketed, as well as 4 different products, 13 different tracks and more than 39 indices. Indeed, some binary options brokers offer more than this, but the assets available with OptionBit are sufficient. They offer a great balance because they offer major advantages, rather than everything that exists. In addition, if you feel a specific asset is missing, you are encouraged to tell the team about it and OptionBit can consider adding it.
OptionBit is proud to work in many different languages and their customer service can be achieved by almost anyone in the world. Support is available by phone, email and live chat. There are phone numbers in seven different countries to minimize telephone costs for their customers. Their response times are second to none, which shows the commitment they have excellent customer service.
There is much to say about the platform OptionBit, and here’s a brief rundown of some of the things we love the most:
They have features to extend your trade or close early to maximize your profits and minimize your losses.
OptionBit has a mobile app so you can trade binary options from your smart phone.
U.S. customers are accepted.
There is a free demo account available on request.
Trading signals are provided without charge to customers using their Algobit algorithm.
OptionBit not all assets other binary options brokers. However, if you have a specific asset you want to be able to negotiate, you can make a request.
They do not offer payback percentages on losing trades. However, other brokers that offer percentages of return tend to lower earnings. So, not a huge deal.
Overall, I would feel confident in recommending Optionbit to anyone who is just starting with binary options or advanced traders who are simply looking for a better platform to trade with. Optionbit has all the features you would expect from a binary option broker, and even some additional features that many other platforms do not have. All reviews and comments from people who have tried this platform have been quite positive, and we predict that Optionbit will soon be a major player in the industry of binary options as it becomes increasingly popular.