OptionBit Review

Account types & Promotions

There are three different OptionBit account types that binary options traders can take their pick from.

The Mini OptionBit account is available for a minimum deposit of $250, an amount which is matched with a 30% welcome bonus. The account comes with an educational eBook, a basic package of video lessons, trading alerts, one market review per day, one free monthly withdrawal, assistance from a personal account manager, advanced graphs and webinars.

The Standard OptionBit account comes at a minimum of $1000, coupled with a welcome bonus of up to 50%. This account type comes with an array of perks, including an eBook, a full video lessons package, trading alerts, two market reviews per day, a free monthly withdrawal, up to 5 1-on-1 trading sessions with a personal account manager, general support services, advanced charts, and access to webinars.

With a deposit of $10,000, traders are granted access to the VIP OptionBit account. The broker offers a 75% welcome bonus for VIP clients, along with a full video lesson package, two free withdrawals per month, an unlimited amount of 1-on-1 trading sessions, access to an OptionBit market expert, as well as all of the advantages that come with the previous two accounts.

A Diamond OptionBit account is available for a minimum deposit of $50,000 and comes with many other exclusive features. In order to have access to this account, clients are required to contact a www.optionbit.com representative.

OptionBit offers Welcome and Loyalty bonuses for all different OptionBit account types, and regularly holds trading competitions with prizes and incentives.

Trading Platform & Education

The Optionbit trading platform was designed by Tradologic and displays an impressively slick and user-friendly design, making it a pleasure for OptionBit account holders trade binary options on. The option types on display are One Touch, Touch/No Touch, Range, Digital, and Turbo. Most option types are regularly seen on other brokers’ platforms, except for the Turbo option which isn’t exclusive to the Optionbit trading platform but is rarely seen amongst most major binary options brokers. Trading Turbo options is similar to Digital Options with a difference in the time-frame, the former offering 1, 2, and 5 minute expiry times.

Definitely one of the broker’s strongest assets incorporated in the Optionbit trading platform, OptionBit’s ‘Algobit’ is a locally created algorithm which regularly identifies market trends with a 99% success rate and notifies the trader whenever it is best suitable to place a trade on the Optionbit trading platform.

Customer Support

OptionBit’s customer service team is available at any time via live telephone, email, or chat in the following languages: English, French, Italian, German, Arabic, Japanese, Russian, Spanish, Portuguese, and Swedish.

The customer service team is consistent in their quality and strives to maintain a high level of client satisfaction through their top-of-the-line service.

Summary

www.optionbit.com is definitely one of the better binary options. Their experience and attention to detail is reflected in the level of their customer support team, the Optionbit trading platform, and their educational material. Their “close” and “extend” trading features, giving OptionBit account holders the chance to exit options earlier than predetermined or even extend them once opened, are two of the main strong points of the broker’s platform.