Option bit Review
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|Headquarters||4 Michael Georgalla Str., Engomi, Nicosia 2409, Cyprus|
|Support Types||Phone, Live Chat, E-mail, Call Back|
|Languages||English, French, German, Italian, Japanese, Russian, Spanish, Arabic, Portuguese, Swedish|
|Maximum Trade Amount||$5,000|
|Free Demo Account|
|Regulation||Regulated by CySEC|
|Deposit Methods||Visa, MasterCard, Skrill, Neteller, PaySafeCard, Webmoney, Yandex, Qiwi, Poli, cashU|
|Withdrawal Methods||Visa, MasterCard, Skrill, Neteller, PaySafeCard, Webmoney, Yandex, Qiwi, Poli, cashU|
|Expiry Times||From 60 seconds to 2 hours.|
|Types of Assets||Currencies, Stocks, Indices, Commodities|
|Account Currency||USD, EUR, GBP|
|US Traders Allowed|
Since its inauguration, OptionBit has rapidly gained ground to become one of the harbingers in the entire industry of trading binary options. Its dynamic, state-of-the-art trading platform prides itself with ease of use, accessibility, and up-to-the-minute trading tools.
It is regulated by CySEC and managed by Novox Capital LTD. The website of OptionBit, which definitely shines with purported elegance, is available in English, Swedish, Spanish, Russian, Japanese, German, Italian, Portuguese, and Arabic.
Offering one of the best services in the industry, OptionBit has created 4 different trading accounts. The Mini account is OptionBit’s basic account. There are also a Standard and a VIP account designed for more experienced traders. For elite investors, OptionBit has also a Diamond account which necessitates $50,000 to be launched, but a user needs to call the broker for more information.
Deposit and Withdrawal Options
OptionBit is dedicated to battling money laundering and has a stern policy in regards to withdrawal documentation. In an effort for you to obtain your funds, the binary enterprise will request you to send a utility bill which should not be more than 6 months old, including your name and registered address. Additionally, you will also be requested to submit a credit card copy (back and front). Make sure to cross out the six digits in the middle. A copy of your passport or your ID with personal details will also be asked by OptionBit to complete the security procedure.
A magnificent option with OptionBit is that as long as you offer a letter of authorization from the card holder, you can use another person’s credit card.
Your OptionBit account’s minimum sum is $250 while the maximum is capped at $5,000. The deposit and withdrawal options are MasterCard, Skrill, Neteller, PaySafe Card, VISA, WebMoney, Yandex, Qiwi, Poli, and cashU. For withdrawals, only one per month is free – subsequent ones are accompanied by a $30 fee.
With the mobile application, users can trade anytime on the go. The short term feature of OptionBit is its “Turbo” option whose expiry times are one, two or five minutes. The “Digital” feature is used to determine the price fluctuations of a given asset. There are also “Range”, “One Touch”, and “Touch/No Touch”. The four underlying assets – indices, stocks, commodities, and currencies – are available for trading at OptionBit.
A thorough glossary in OptionBit’s education section explains basic financial terms and concepts for novice traders. Economic calendar gives handy information for future financial events. The VOD section provides free training videos for both beginner and experienced traders for non-registered users. More videos are available to those who register with the broker. Additionally, there is a very extensive FAQ section divided in different categories.
OptionBit offers the great feature – “Request Callback”. Besides that, the high level of professionalism, friendly attitude, and attentiveness has definitely made its customer support something to be marveled upon. In addition, its support can be reached through a live chat, an e-mail, and fixed telephone lines in eight different countries. The broker can be found on different social media.
All accounts at OptionBit come with amazing bonuses. The Mini account gets a 30% welcome bonus and loyalty bonus, basic video lessons, 1 free withdrawal per month, and daily market reviews once a day. The Standard account receives 50% welcome bonus and up to 75% loyalty bonus. In addition, it is eligible for a full package of video lessons, 1 free withdrawal a month, 5 one-on-one trading sessions, and daily reviews twice a day. VIP account holders are entitled to a 75% welcome bonus and a 100% loyalty bonus. They also get eBook, video lessons, trading alerts, unlimited 1-on-1 trading sessions, a dedicated market expert, webinars, live charts, and 2 free withdrawals per month.Open an Account