OptionBit Review4 / 5
Go beyond borders when trading binary options with OptionBit
Americans who are interested in trading binary options have a new reason to rejoice, because OptionBit accepts traders from the United States. Pretoniria Co. owns this binary options broker and the company is registered in Cyprus, welcoming traders from all over the world. It is said that a broker is only as good as the trading platform he offers, and with OptionBit this a compliment because its platform is one of the most professional ones on the market.
Web-based trading at its best
One of the things that helps OptionBit stand out from the crowd is that they don’t impose on their customers by asking them to download proprietary software. The entire trading process is web-based which makes it easy to access the account and trade from all over the world, as long as the user has an Internet connection. The system is sophisticated and it presents traders with a handful of special options including the celebrated touch, arrange and digital trading tools.
The latter is truly special and it has two distinctive features, the extend and close which benefits traders who are deeply involved and watched the market closely. The extend feature empowers them to prolong the expiration time of the binary option that was purchased, and the price for this extension will range between 5-50%. The close option does the exact opposite and enables the trader to close the option in advance, to secure profits as high as 30% of the initial investment. It is also possible to get back a fraction off your investment if the option is out of the money at the time the call feature is used.
The buying and selling area has 3 primary areas; Foreign exchange, Commodities, and Stocks. All 3 had been extremely simple to make use of, and also the $500 demo account was extremely useful in helping to familiarize myself with the buying and selling environment.
OptionBit thinks big and grows constantly
Despite the fact that it was launched just a few years ago, OptionBit is one of the binary options brokers that grows faster than the competition. One of the explanations is that its client base expands quickly due to the fact that this broker is available in eleven languages. In addition to English, Spanish, French and Portuguese, OptionBit has its entire content translated into languages that are less spoken globally such as Turkish, Romanian or Japanese.
The other explanation for why so many new traders join their ranks is that OptionBit is very generous when it comes to bonuses. Trading binary options is not only easy due to their friendly platform, but there are also more than thirty underlying assets that include exquisite commodities, plenty of currency pairs and the stocks of some of the most important companies. In terms of payment methods, users can choose between credit cards, Western Union and wire transfer while PayPal and Moneybookers are not available. The profit rates are decently high and can go beyond 80%, but unfortunately OptionBit offers no refund for those traders whose options and out of the money.