OptionBit Review


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Reading Time: 3 minutes

We would consider OptioBit as a veteran in the industry, founded in 2009 as one of the first binary option brokers. They have offices established internationally with their home-base in Cyrpus.

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Broker OptionBit
Website URL https://www.optionbit.com/
Founded 2009
Headquarters Cyprus
Support Number Local Rate Number
Support Types Address, Email, Telephone, Chat
Languages EN, FR, DE, AR, IT, SV, JP, ES, RU, PT
Trading Platform Tradologic
Minimum 1st Deposit $250.00
Minimum Account Size $250.00
Minimum Trade Amount $10.00
Maximum Trade Amount $5,000.00
Bonus Up to 100%
Payout Up to 100%
Free Demo Account Yes
Regulated Yes
Account Types Mini, Standard, VIP
Deposit Methods CC, Wire, Moneybookers, Neteller, Poli, CashU
Withdrawal Methods CC, Wire, Moneybookers, Neteller, Paysafe
Trading Methods Digital, Touch, Turbo, Range
Number of Assets Over 200
Expiry Times 60 sec, 2 min, 5 min
Types of Assets Stocks, Currencies, Commodities, Indicies
Option Types Digital, Touch, Turbo, Range
Trading Currency USD, GBP, AUD, EUR, JPY, CAD
Account Currency USD, GBP, AUD, EUR, JPY, CAD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 90/100


  • Becoming regulated
  • Licenced
  • Aglobit


  • No 24/7 Customer Sevice

Full Review

Reading Time: 3 minutes


Most binary options providers are usually concerned about making money first, and only then, how much their traders earn. Very rarely do you find a provider that puts the trader’s interest on the same level. We would consider OptioBit as a veteran in the industry, founded in 2009 as one of the first binary option brokers. They have offices established internationally with their home-base in Cyrpus. The company is owned by expert online individuals that are well versed in the industry therefore making OptionBit an industry leader and well-funded. Being a regulated broker through CySec, OptionBit accepts traders from all over the world with the exception of the US.

Trading Platforms and features

The trading platform offered by Tradologic is very comprehensive, as it was designed by Forex and stock market professionals, who know what traders are looking for on a daily basis. OptionBit provides you with the best trading tools: the elaborate trading e-Book (that offers an array of information on trading tactics and other information), in-house economic calendar, their enhanced educational program and so much more.

OptionBit is offering its traders three effective instruments in risk management:

  1. First – provides the possibility to prolong the expiration time of the option
  2. Second – provides the possibility to sell the option before it expires
  3. Third – provides a possibility to duplicate a profitable deal – therefore doubling your income.

With their innovative signal system Algobit, the traders are exposed to ongoing signals of market volatility that are set and designed by the traders themselves. Algorithm trading in plain English is using the power of a market scanner to continuously seek out the best trading opportunities with the highest risk reward profile to implement in your portfolio.

Trading Accounts and Payouts

OptionBit keeps its traders in the know with a steady stream of email alerts, mobile alerts and a valuable news feed. With over 100 assets, and 60 second trade opportunities traders have a huge selection of trades to select from. An 81% payout is also available for almost all trades. Different trading accounts are available in the form of Mini, Standard or VIP, according to the amount of capital invested – this will translate to the amount of knowledge a trader has in order to minimize the risk of the trade therefor retaining a loyal trader from the get go. Never miss another trading opportunity again with downloading the mobile version of OptionBit and trade anywhere, anytime. From executing new trades to managing your account, the OptionBit app provides you with a complete mobile trading experience.

Compatible with all iOS and Android powered devices, including tablets.

Banking Options

Facilitating easy, fast and secure deposit and withdrawal methods OptionBit allows both through most commonly used applications namely; all major Credit Card, Wire transfers , skrill, Neteller, Poli, CashU are accepted. The minimum deposit is $250 with up to 100% starting bonus. Withdrawals made once a month are free, however more than one withdrawal per month does have a $30.00 fee. Deposits and withdrawals are easily accomplished with a click through the portal so there is no need to exit the platform at anytime. The withdrawal currency would need to be the same as the deposited currency which allows for currencies such as the Qiwi to receive a withdrawal of the Qiwi.


What really differentiates OptionBit from other brokers available online, is their dedication to traders who are new to the world of trading. OptionBit’s professional team of market analysts provides new traders with the complete training needed to become a successful trader– the training includes technical and fundamental analysis, trading strategies, risk management and more. Usually, training sessions take place over the phone, but if written classes or VOD lectures are preferred by the trader- they provide it as well. They provide traders with round the clock support available for all issues in English, French, German, Dutch, Spanish, Portuguese, Italian, Russian and Arabic – via live chat, e-mail or telephone.

Why Trade With OptionBit?

While the experienced traders can easily find their way to successful trading, OptionBit goes out of its way to allow everyone to enjoy and succeed profitably with the binary options trading experience. With or without the Algobit signals platform.

OptionBit keeps its traders in the know with a steady stream of email alerts, mobile alters and a valuable news feed.

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Jason B Kruger

Professional Trader at WhyOptions
Jason B. Kruger is a Professional Trader & Chief Editor for WhyOptions.com, who is considered ‘The Authority’ on Binary Options Trading Strategies, Reviewing Brokers,Providers and their Products.
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Binary Options Trading carries a high degree of risk to your capital. Please ensure you fully understand the risks before you start trading,and if necessary seek independent advice. Whyoptions advises its clients to read carefully the terms and conditions of each broker before opening an account. Copyright © 2014. All Rights Reserved - Whyoptions.com