OptionBit Analysis

Although OptionBit is not one of the oldest brokers, it is one of the leading brokers in the market, due to its quality and honesty. It is regulated by CySEC of Cyprus and is always in one of the top places on sites that monitor brokers. In 2012, it won the award for best broker given by FX Empire.

OptionBit Platform

The platform works on the website, therefore it is totally online. It is intuitive and easy to use. The TradoLogic platform is powered directly by Reuters with the financial data, which ensures speed, efficiency and financial asset prices without deviations.

Mobile trading is possible through an app. The application is called OptionBit and is available for Tablets and Smartphones, Android and IOS. The application has all the resources that are available on the web platform and is free.

The platform offers a variety of assets and types of binary options.

Learning tools

OptionBit offers a set of training materials such as a trade simulator, an e-course, trading videos, tutorials, and others.

OptionBit has a Demo account with $5,000 of virtual money for new traders to test the platform and start their trading strategies for up to a week. You can register for free and use the demo account without being required to make a deposit. Is one of the few regulated brokers who offer this service without a deposit requirement, which is a plus.

OptionBit Bonus

OptionBit offers up to 100% bonus on the first deposit, for the minimum deposit of $200 USD, they offer 30%. In reality this means that with an initial deposit of $200 you will have $260 to be able to negotiate. However, if you deposit $300 you receive the 100% bonus. The bonuses are not a strong point compared to other brokers who offer 100% starting at $250.

Deposits and Withdrawals

The methods are varied and include bank transfer, visa, electronic payments such as Skril/Moneybookers, Neteller, and Boleto Bancário. Withdrawals must be made by the same method as the deposit was made. Both the deposits and the withdrawals are fast, although the VIP accounts are much better taking 2 to 5 business days, while a regular account can take up to 12 days. To withdraw capital from your account, the account must be verified. Another advantage of this broker is that they do not charge fees for withdrawals, as long as you make only one withdrawal per month. If you want to make several withdrawals in the same month, you may be subject to fees, depending on the type of account you have.

OPTIONBIT OFFER: The opening of an account at OptionBit through the banner below grants the right to free individual Binary Options Training Classes. After you register at OptionBit, send me an email, or leave a comment below, requesting more information and the confirmation of your registration with OptionBit. DO NOT DEPOSIT  any money before confirming with me that everything is ready to go.

OptionBit Conclusion

It is one of the good binary options brokers rivalling the best. Its positive points are that it is regulated, customers have a positive opinion of this broker, and they have won several prizes in recent years. They offer a Demo account without requiring a deposit which is rare among regulated brokers. In terms of bonuses, they are not as good as other top brokers. It is one of the top brokers where it pays to have an account open.

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