Are OptionBit really the market leader in Binary Options? Read our in-depth review to find out.
Established in 2009, OptionBit continues to grow in popularity among online traders from around the world. The broker is based out of Cyprus and uses two well known and well established software providers, Tradologic and Financial Data Feeds from market leader, Thomas Reuters . These have a very good reputation and add stability and dependability to the platform. OptionBit reviews consistently demonstrate trader’s confidence and trust of this online broker.
Site navigation on the OptionBit site is a very easy task because it was designed to be. It was specifically designed to allow traders to navigate freely about the site without a hassle. The site creators took special care in developing the site to allow for fluid movement from one portion of the site to another without becoming frustrated or getting stuck. The interface is not cheap looking with a lot of meaningless flash; however, each function and feature is clearly indicated so as to alleviate confusion. Traders will notice the simplicity of finding some of the important aspects of trading such as the clock, the above/below buttons as well as the data feed. There are also site pages which contain instructions which are dedicated to helping new traders be able to easily navigate the site.
Another area which is frequently noted on positive OptionBit reviews is the high return on successful trades. The broker offers between 75 and 81 percent profits on trades. Traders who review OptionBit frequently speak of the crisp and clean platform that makes trading easier to complete. And the favorite feature of most traders is that they can close out a trade early and not wait until expiry. This is advantageous since they can close the trade when they are in the money.
There are several choices of trading instruments on the OptionBit platform. The broker offers traders 56 underlying assets presently. They can choose between many different commodities, index’s, currency pairs or stock options which gives them a wide selection. Some of the stock options available include some very popular companies like Apple, Boeing and Nike. The platform is designed with both the experienced trader and the novice trader in mind.
As noted, OptionBit has a much larger payout than many other brokers at around 8 percent. This is much higher than many of the other traders in the market. Other brokers offer smaller returns but then try to offset it by offering 10 percent on unsuccessful trades. Most traders note the ease with which they can obtain a withdrawal from this reputable broker. There is no hassle and withdrawals are handled expediently as long as the correct procedures are followed. Many brokers try to prohibit traders from making withdrawals, but OptionBit reviews demonstrate the dependability of the company in that withdrawals are handled appropriately.
The customer service at OptionBit is outstanding! There is no other broker which has as courteous or helpful staff as can be found here. They are very informed and eager to share information with traders who use the online chat feature. Traders can also call in to speak with a member of the customer service team, or reach them by email. No matter which mode of communication is chosen, the staff member will completely and thoroughly answer each question in detail for traders. OptionBit customer service staff members will carefully walk traders through any process they have a question about and do so in a manner which it timely, polite and thorough. They also communicate with traders by offering updates on the latest signals on the market. Their intent is to keep traders informed so that they can make the best trades possible.
The OptionBit platform is designed so that the tools traders, both novice and experienced, need are easily available. The broker has become one of the most well respected and trusted online services available to traders. It is very simple to get on the OptionBit site, set up an account, make a deposit and begin trading. For a more comprehensive OptionBit Review visit our dedicated OptionBit Blog.
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