Binary options’ broker OptionBit has appeared in 2010. It offers its clients pretty good terms with a wide variety of binary options and underlying assets. One of the substantial benefits of a broker is that it is fully regulated. It is managed by the investment company NovoxCapitalLtd. which, in its turn, is regulated by the Cyprus’s Securities and Exchange Commission CySEC.
What benefits does this regulation provide to a trader? The fact is that a presence of such license within a broker guarantees safety of working with it. A trader doesn’t have to worry that his investment may be grabbed by a broker or that a company will be throwing up roadblocks during his work.
CySEC, as any other regulator within the European Union, is governed by the general directive MiFID. Every account of every trader is insured for the certain amount in the case of the broker’s bankruptcy, so you don’t have to worry about your investment. In addition, presence of a license obliges a broker to work fairly and squarely towards its clients. A regulator has specified fines in case of the broker’s failure to fulfill its obligations.
It is necessary to note that Optionbit com has received an award as the Broker with the best reputation in 2012 from the well-known financial title FX Empire.
Binary options brokers Optionbit.comoffers its clients to work with a Tradologic platform. This is the well-known software product in the market of these financial contracts, and it allows trading without installation of the additional software on the client’s hard disk drive.
A trader is offered a linear chart without the opportunity to scale or make an analysis using other types of charts (you can make it using our online chart). The platform’s functionality is simple and instinctive. Perhaps, for this reason, a broker doesn’t offer a demo account to its clients.
In order to open a deal on a broker’s platform, it is necessary to perform several simple operations: choose type of option, underlying asset, direction, investment’s amount, and expiration time. After this, you have to wait until expiration and view results of a deal.
As for the underlying assets, this broker offers its clients Forex currency pairs, among which there are both majors and crosses, including fairly exotic, and stocks of stock markets, indexes, and commodities.
In general, a broker provides:
- 12 currency pairs, including both majors and crosses,
- 4 commodities (Gold, Silver, Copper, Oil),
- 13 indexes, including well-known FTSE 100, S&P500,
- 40 types of stocks of the worldwide renowned companies.
Such variety allows working out personal strategies using several underlying assets from the same or different groups.
In order to open an account and start working, it is needed to register on the official company’s website. Generally, this process takes up only a few minutes.
A trader fills-in his personal data and then moves to the depositing of an account. In the following, entry to the account on the optionbit.com website is carried out using login and passwords, which were given away by a broker.
In order to start working with a broker, a trader has to deposit an account with $200. In the following, he will be able to order the withdrawal of the earned money and, after verification (abiding procedure for all binary options brokers), withdraw money using any convenient and available within a broker mean of a payment.
We have already discussed it in the section Trading terms of this article.
In order to address the broker’s support service, you have to open tab Online chat on the official company’s website and type in your question in the relevant box of the window that has appeared on a screen.
You can contact broker by e-mail, by filling-in the form on a website, by phone, which is noted in the contact information, or by entering a personal area on a website. In general, it is necessary to note that company’s support service works at a high level.
They answer questions fairly quickly, and it shows high qualification of employees and good knowledge of what they are doing. We have not noticed cases when they were answering questions for a long time. We have also not noticed cases when employees were not able to give a meaningful response.
Training system of the Option bit broker belongs to the section Assistance in trading. Here a trader is offered to familiarize with a glossary. It comprises basic terms that are used in trading in the financial markets.
We recommend familiarizing with a glossary attentively because further training without knowing these basics will be almost impossible. In addition, if a trader has to view glossary all the time to know the meaning of the certain term, it will be very uncomfortable for him.
The video tutorial section has three categories, as well as with the other binary options brokers. The first category is dedicated to the beginners in trading. Issues on how to start trading, why to choose binary options, and what is the world of the global trading are considered in this section.
Section for beginners also considers issues of chance and risk, emotions that can accompany a trader during work and risks. In general, we can say that this is a very solid introduction to trading, which can be very useful in the first stages of working.
Then, when a trader has already familiarized with the first section for beginners, he can move to the section for the advanced traders. In this section, several trading strategies and trading rules are considered. These rules include those that can be very useful for the beginners in trading. For example, among the rules the 5:15 or 10:30 rules are considered.
Then, in this section you can learn more information on what is a market analysis and receive interesting practical suggestions. The main tools for any trader are trend, support line, and line of resistance. The entire lessons are dedicated to these terms. Finally, a broker offers traders several strategies where the candlestick analysis can be used.
Lastly, in the section Our platform a trader is offered to familiarize with all types of contracts that are offered by a broker. If a trader perceives video information the best way, it is recommended to view these lessons for him.
The unique development Algobit was implemented by a broker in order to provide a trader with more opportunities of earning using binary options. This innovative system offers trading signals based on which a trader can make decisions on whether to buy binary options.
A platform allows working with binary options from https://www.optionbit.com without opening a general platform. And the trading can be carried out both using signals and manually, in other words, based on your own analysis.
According to the company’s assurance, the system doesn’t omit formation of the new trends, so traders will be able to find buying points in its initiation. In addition, Algobit helps a trader to find the most volatile markets.
You can familiarize with this adviser in more detail and read traders’ and specialists’ reviews on the following pages:
Algobit : reviews on system
Algobit : traders’ reviews
Special opportunities offered for traders can be called among the benefits of working with this company. A broker offers such opportunities like Close Now and Roll Over. The first one is needed when a trader wants to close his positions ahead of time. Usually, it is needed when a situation in the market develops another way than a broker has assumed during the analysis. For example, if a trader has bought the high option, he expects the underlying asset’s price to grow up to the time of expiration. In the beginning, it really grows, but then it starts to decrease. In this case, you can close such deal with a lower profit using the function Close Now.
The second special opportunity is Roll Over. Thanks to this opportunity, a trader can extend the expiration time of option. Thus, he can raise his chances for a success in a deal. For example, a trader has bought an option with expiration time in one hour, and a price didn’t move to the direction he needed. In this case, he can extend the expiration time for the certain payment.
It was all information which we wanted to share with users. If you have any questions, address our consultant in the support service.
- This rating is based on the data provided by the independent sources, our own examinations, as well as on the reviews of traders who work with this broker.
- Take the opportunity and express your opinion! Give a grade to a broker in the user’s rating and leave a review in the commentary’s section.
Finally, we have come to the traders’ reviews. According to the existing tradition, we will divide all reviews into those than come from beginners in trading and those that have come from the experienced speculators in the financial markets.
Beginner traders’ reviews
I have discovered binary options relatively recently. At first, everything went well, and I have read training materials and started trading. But then I had become gambling and lost invested $200. Now I’m getting down to business and starting to study training literature. The loss I had motivated me to start all over again, but in the correct way. As people say, you have to learn first and then start trading.
Helen, 25, Glasgow
Professional traders’ reviews
It is natural that along with opinions of beginners in trading there also reviews on this company from the experienced investors. We publish them for easier guidance of traders when choosing the certain company.
This broker really deserves to become a partner. It has an excellent selection of binary options and underlying assets that can diversify any investment portfolio really good. In addition, a platform works perfectly. I was logged off from the website only once during a few months, and it occurred due to a fault of my provider. In general, I can recommend this broker for those who have not chosen a broker yet.
Michael, 37, Liverpool
And that’s it all what we wanted to tell about the Optionbit binary options broker. This company is really noteworthy for trader’s safety, trading terms, and attitude towards clients’ aspects. In addition, it becomes more popular among traders, and it not a surprise because quality of services provided by a broker is on the highest level.