We recommend choosing one of our top binary option brokers instead:. Try also Binary Option Robot if you are looking for automated binary trading. We were getting a lot of enquiries about a broker so we decided to take a quick look at them for you. The name of that binary option broker is OptionBit. They have a great loyalty bonus and they also process withdrawals extremely fast.
Keep in mind this is a quick review and if our users want a more in depth review; we will look at them a little closer in the future. This is what we found out about them for now.
All but United States. OptionBit is actually a very experienced broker we came to find out; they have been around for a few years now.
They have some nice special features. One unique thing about this web broker is that they automatically give out bonuses. That is a lot lower than most web brokers that give out sign up bonuses. Rumor has it you can contact customer support and reject the bonus BEFORE you make your first trade but this is not easy to do from the website. We really did not like this policy and thought it was a little too hidden and should be made more transparent.
This broker believes in keeping trading simple which is never a bad thing in some circumstances. They use a software program called Tradelogic to build their website; it is not as popular as web platform software like SpotOption or binary option robot , but it does not have a lot of critics either.
They actually do a nice job allowing the websites that use them to add a large variety of options to the web platform. For those that like the thrill of short term options they can choose between 60 second, 2 minute and 5 minute options. The trading platform was very user friendly but a little antiquated and could use a more modern makeover. The trading platform does run flawlessly and it can easily be learned in just a few trades.
If you like to trade on a simplified user interface then no harm to give them a try. The OptionBit support team was fast responding to both live chat and email. The answers we got from customer service were understandable and direct. Ask one of the account managers to help you with this.
The deposits on OptionBit are as close to instant as you can get; this is true for Skrill Moneybookers, e-wallets and credit cards. Bank wire transfers are the exception and take a few days to process. Because of this you do not want to do frequent withdrawals for sure.
You also have to be careful with inactive accounts. They will be charged penalties after 90 days of inactivity. If you like a modern looking and fancy website then this is not for you, but if you like a website that does what is says it is going to do and then do it well, OptionBit is a perfect fit.
Currencies, Stocks, Indices, Commodities Early close: Hi, I read your review on optionbit. I am currently a client of optionbit and I have invested a lot and had an account manager who helped me trade. But I have not been able to get hold of him for the last 2 weeks now and whenever I use the online chat to speak to the customer service they just immediately end the chat session as soon as I provide them my email address.
I am with them for a month time, so far is ok,the service is not bad, I just heart that they have been taken over by a new company, but I am not sure optionbit is regulated or not under new management. Yes it seems like they have been taken over, has anyone else tired to recover lost money from Optionbit? I have recovered mine. Your email address will not be published. John Miller Related content: We have found out that OptionBit has shut down their operations.
We recommend choosing one of our top binary option brokers instead: Additional information Customer Service: John Miller Author at 7 Binary Options. John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
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