Feb 11
7

OptionBit

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OptionBit Review

OptionBit was launched in May 2010.  As with all binary option trading platforms, they are 100% web based so do not require software to be downloaded. They offer binary options on 37 underlying assets in the US, Europe and Asia.optionbit

OptionBit‘s return on in-the-money options is competitive in the industry at 65-81%. However they do not offer a return for out-of-the-money options which is a downside of the site. For the non English speaker, the fact that the site is also displayed in Turkish, Spanish, Russian and German, makes it a highly beneficial and appealing platform for trading.

OptionBit trades on TradoLogic, a trading platform provider. A trader’s funds are protected by godaddy SSL and held in a separate account by the billing company.

Their site has 3 types of trades available: regular above/below binary options; Touch trading where a trader must predict if an asset will touch a set strike any time before the time of expiration; and Range where a trader predicts if an asset will expire within a predetermined range.

OptionBit is a refreshingly new site, nicely laid out and easy to navigate around. Registration is simple and free and there is a helpful demo explaining how to use the site.

The glossary is useful, explaining the different terms associated with binary options trading. However the binary options tutorial is long and unattractive, making it difficult to read.

On the homepage, traders can easily view their open trades by clicking on the question mark.

As usual, no software download is needed, as the OptionBit platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

An investor can purchase an option for as much as $5000 per option which is very high and competitive in the industry.

A first time buyer will find the site easy to use and enjoyable.

There is no company information available on the OptionBit website about who owns the company. We only know that they are based in Cyprus.

OptionBit Special features:

65-81% return rate on in-the-money options
3 types of binary options available
Website in 5 languages
Extend and Close Now features
‘My trades’ box showing current open trades

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OptionBit Company information:

Name: OptionBit
Website: www.optionbit.com
Established: May 2010
Country: Cyprus
Email: support@optionbit.com
Tel: 00357 22 030205

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Posted in Binary Broker Reviews Featured by admin 6 Comments

6 Responses to "OptionBit"

  • Michael. M. says:
    February 22, 2011 at 2:45 pm
    Reply

    Hi there decided to try my hand with this company august 2010, started with 500 pound and lost all except 50 pound went for a walk around the block thought about my trades over the coming days and started trading again with 50 pound BINGO!!!!
    MADE 750 POUND …… happy days i thought continued to trade for the next few months and in november 2010 balance 3000 pound. decided to with draw some funds, I am still waiting the date to date is 22/02/2011
    this company has my details etc and now dont answer my calls, and still refuse my withdrawl request i have now got my solicitor involved,
    as i now beleive this is a mickey mouse company, which will take your money, however will not pay you when a request is requested
    YOU ALL HAVE BEEN WARNED!!!

  • Mike Lancelow says:
    March 9, 2011 at 5:08 am
    Reply

    I have been trading with this site since Jan 2011 and as yet have had no problem with them.
    They have responded to my queries in a timely fashion and so far I’m up $2000!
    Previous withdrawals are also been paid out with no fuss.
    I would certainly recommend this fun and easy to use site:-)

  • forex trading says:
    May 12, 2011 at 3:02 am
    Reply

    Since exploring for a little bit to have a high-quality content articles in regards to this specific point . Seeking in Google I at last noticed this blog. After reading this information So i am glad to say that I’ve got a really good uncanny feeling I found the very things I wanted. I will ensure to don’t forget this web-site and look it over on a constant basis.

  • Jeremy Mielke says:
    May 27, 2011 at 2:33 am
    Reply

    I am looking to get started with this company and I was wondering if anyone else has had any problems with this company? I have a friend that is making money with this site but dose not want me to get started till we find out if this company is a good company to go with.

  • james says:
    June 6, 2011 at 10:51 am
    Reply

    jeremy, I can recommend you use optionbit. It is very reliable and convenient application. This way you can earn a big amounts of money.

  • Justin says:
    June 15, 2011 at 1:25 pm
    Reply

    Hi all, I agree with James, I’ve been trading with optionbit for a year now and i never had any trouble withdrawing me earnings. so I recommend to use this platform.

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