OptionBit Review
Reviewed on Jul 28, 2015 by Scam Broker Reviewer
OptionBit is an established Binary Options Broker, owned by Comitis Marketing Ltd, a subsidiary of Novox Capital Ltd. OptionBit is located at 1 Mapp Street, Belize City, Belize. Their phone number in the United Kingdom is +44 20 3150 0934.
Exclusive Offer: New Traders Receive a 100% Bonus, see here. or Get Free Trading Signals, see here .
OptionBit Platform Review
OptionBit uses the Tradologic binary options trading platform. The platform gives traders Digital Options, Range Options, One Touch Options & 60 Second, 2 minute and 5 minute binary options. Returns on the $EUR/USD is 80%.
They have long term options with expiration times going out a far as 3 month.
OptionBit is a popular global broker. Their trading platform is available in English, Russian, Japanese, Arabic, French, Italian, German, Spanish, Portugues and Svenska.
Minimum deposit at OptionBit is only $200. That is one of the lowest minimum deposits for a regulated binary option broker.
OptionBit Trading Signals
They are the first binary options broker to create an algorithm software called AlgoBit for traders to use, see it here .
The nice part about AlgoBit is that you have the ability to control which assets you are interesting in receiving signals for. You can adjust the settings higher and lower so that you only receive notifications of serious trading alerts. Once you receive a trade alert, you can easily place a trade directly from the software.
OptionBit License
When we review a binary options broker to determine if they are a legitimate broker or a scam broker we look to see. Did a regulator body like CySEC in Cyprus give them a license or do they fall under the MIFId regulatory rules in the European Union (EU)? Does the CIPF, IIROC, CDCC in Canada or the Australian Securities and Investments Commission in Australia or the Finanstilsynet (The Danish FSA) include them in their list?
OptionBit is licensed and regulated by CySEC. They received a license from CySEC on February 4th, 2014, license #224/14. The benefit of using a regulated broker like OptionBit is that if you have a complaint, you can just go here. fill in the form, and it goes directly to CySEC their regulator.
When choosing a binary option broker it is always important to check the list of regulated binary option brokers to see if the broker you would like to open an account with is regulated by a government regulatory agency.
Compare OptionBit
Here are a few popular brokers that traders also use for trading binary options.
Banc De Binary (read review ) is a popular licensed broker that gives new traders 3 risk free trades, see here. If you want to use an auto trading robot try the Binary Option Robot . see here .
HighLow (read review ) is an Australian licensed broker with an easy use trading platform, they have 200% payouts and a min deposit requirement of only $10, read more .