OptionBit Review binary options review :
OptionBit was founded by company Pretoniria Co. with the head office in Cyprus, and is now amongst the oldest and best binary trading brokers. The broker provides excellent features and services for binary option traders at one place.
The best thing the traders can find on OptionBit trading platform is that they are very careful about the security of the funds of their members. Secondly, they provide their members the best customer service and a user friendly trading platform with multilingual language support for members from around the globe.
OptionBit Trading Platform
OptionBit is a completely web-based platform. Thus, traders all over the world can access the portal quickly. All they need is access to internet and there are no software download requirements.
While our experience with OptionBit as trader, the most attractive feature which we found was the user oriented interface with simple and understandable navigation structure. The website does not have flashing ads and any disturbing key types which are usually found in broker websites. Furthermore, the security services are the best to be found in the industry. This satisfies the members that their funds are safe with the broker.
One of the attractive features of OptionBit is that it does not provide the high/low options only like other brokers; instead it provides a range of options to choose from. It provide traditional high/low options as well as latest options like “range options” and “touch options” and allows traders to choose multiple options for investing their money.
For trading there are at least 40 assets available on OptionBit which includes a variety of forex currency pairs, stocks, indices and commodities to put your investments in.
OptionBit Features and Conditions
You can trade using various kinds of options trading available at OptionBit platform.
Digital trading: Digital options are the most used binary options by the traders in this industry.
In this type of options, you have to predict that the price of your chosen asset will fall or rise during a chosen time limit. You can select your prediction from the above or below option selector. For example, if you choose oil as the asset you want to trade for binary options, you can decide whether price of oil will rise or fall from the current price at the expiration time.
If you choose that the price of the asset will rise in the given time period, he can select the Call Option. On the other hand, if you predict that price of the asset will fall you should select Put Option. Thus, all the trader has to do is to select an asset and then based on his knowledge and assessment he has to predict whether the price will fall or rise. Then if you are right you will get returns and if you are wrong you will lose your money.
OptionBit will also provide different successful strategies that can help you in binary option trading. You can decide whether to stay in game or not at any time during a trade. This strategy is known as “Close Now” in which you can decide to close a trade at any time before expiration. If you notice that trade is not going in your favor, “Close now” is a very helpful strategy to save your investments.
For example, if you chose gold as your asset and select Call Option on gold with 1 hour’s expiration time when the trade starts going in your favor at the 40th minute, you can choose “Close Now” option to end trade to be “in-the-money”. On the other hand, if the price is falling, you can choose the “Buy Out” option which will help you reduce your risks in the trade.
Another very profitable feature that OptionBit offers is “Extend” option which helps you raising your profits. This option will help you extend the expiration time of a trade which leads to more time to get favorable outcome. For example, if you chose Call option and price of your chosen asset is still increasing constantly 10 minutes before expiration time and you anticipate that it will keep increasing than you can increase your profits by purchasing Put Option for one more hour.
The Touch Binary Options is a comparatively new method in binary trading and is inspired to cover the Forex Trading features. All you have to do is to predict whether at the expiration time price of chosen asset will be “in-the-money” or “out-of-the-money”. If you win this trade, you can get up to 85 percent profit which is a huge amount in binary options trading.
OptionBit Customer Support Team
OptionBit has excellent customer support team which is available for help of the traders through live chat, email and phone. The team is very helpful and friendly in answering all kind of queries and helping the traders get a better experience of trading.
OptionBit Review Conclusion
OptionBit is managed really well by the Pretiniria Co. It has managed to get its position amongst the top brokers by providing commitment and professional behavior in carrying out their business. The website has excellent security system in withdrawal and deposit mechanisms which make it a very reliable website to use. In short it is a trustworthy, attractive and easy to use trading platform which has a lot of features to offer to its members.
OptionBit Review binary options review :