OptionBit is an established Binary Options Broker, owned by Novox Capital Ltd. OptionBit is located at 4 Michael Georgalla Str., Engomi, Nicosia 2409, Cyprus. Their phone number in the United Kingdom is +44 203 769 1408.
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, Portuguese and Svenska.
Minimum deposit at OptionBit is only $200. That is one of the lowest minimum deposits for a regulated binary option broker.
Exclusive Offer: New Traders Receive a 100% Bonus or Get Free Trading Signals, see here.
OptionBit Trading Signals
They are the first binary options broker to create an algorithm software called AlgoBit for traders to use.
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.
Warning: Most trading systems do not make money, see how the scam works here.
If you want to see a real automated trading system look here.
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)?
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.
Traders who do not live in Europe will notice that they are using OptionBit.com and not OptionBit.eu. Their CySEC license in only for Europeans. Outside of Europe, the website is owned by Green Galaxy International S.A., which is a company located in Seychelles.
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.
There a few licensed brokers you can trade with see here.
Are you currently trading binary options with OptionBit? Please share your review in the comment section below.