Do not cooperate with this broker.

We strongly recommend avoiding this broker because an official website is not working.

It is a strong signal that any activity is likely a scam or fraud.

Check out other brokers in our list of brokers who have high ratings and proven customer feedback.

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* "The amount that will be credited to the account in the case of a successful deal".
General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds

This review was written for introductory purposes when the main website was working and most customers left their reviews.

OptionBit – review and feedback on the trading platform

Min. deposit
Min. trade price
Demo account
Supported languages
* The amount that will be credited to the account in the case of a successful deal

 Overview of binary options brokers: OptionBit

The modern world financial market is a very complex mechanism with a huge number of participants, each of which has a certain impact on its functioning and, in parallel, it itself depends on the current situation in this segment of the economy. For example, the appreciation of one of the popular currencies, caused by the foreign economic activity of the issuing country, stimulates market participants to conclude contracts for the purchase / sale of these fiat money. But the active activity of traders, at some point, can change the situation: accelerate the growth of the rate, suspend this process or play the role of one of the key factors that will cause the value of the currency to fall relative to other monetary units.

The presented example is only one of hundreds of important indicators that you need to consider when choosing a broker to perform transactions with known trading instruments. But this is possible only in theory. To make a huge list of important parameters and based on the information received to conduct a detailed comparative analysis of prospective brokers is virtually impossible.

But, how then should a trader begin to choose a trading platform to work on it in order to make a profit, so as not to become a victim of scammers? Professionals recommend studying such important criteria as the “age” of the broker, the level of capitalization, reviews of analysts, the presence / absence of regulators, etc., and collecting all the data listed (within 10-20 pieces, not 100-300 , as stated earlier), a potential trader will see the potential of the trading platform and will be able to determine how much it corresponds to his personal interests and goals.

Let’s consider how this is done in practice, using as an example the OptionBit broker, which can be found in the network of various reviews: from gross charges of fraud, to “awarding the title” of the most reliable and promising trading platform among all currently existing companies that provide similar services.


OptionBit broker review


General Characteristics of OptionBit

In 2010, Novox Capital LTD registered a web resource in Cyprus, which is well-deservedly considered one of the first brokers of binary options in the entire territory of former post-Soviet republics and European countries.

User safety and business regulator

The use of Tradelogic platform, known among the participants of the world financial market, allowed the broker not only to become popular for a short period of time, but also provided an opportunity to guarantee to its clients the safety of personal information, as well as the safety of the invested financial resources.

The application created for the OptionBit perfectly copes with its functional tasks and protects users’ accounts from hacker attacks. An additional factor of security for users of the trading platform is the service of technical and financial support of the project participants. Using e-mail, online chat and telephone communication, each trader can ask the company’s specialists any question related to the activities of the broker presented.

But not all users are satisfied with the support service. Some traders complain that it is very difficult to contact with representatives of the company, others – that it is impossible to get an answer to your question sent by e-mail, etc. Perhaps this factor caused the users of the web resource to evaluate its reliability as an average.

A company registered in Cyprus has the relevant license of the Cyprus Commission for Stock Exchanges and Securities (CySEC), which is quite convincing proof of the reliability of this broker.

Education of traders

In order to gain access to training materials, it is necessary not only to register an account with OptionBit, but also to replenish your trading account. After that, the client of this broker can pass in a chat mode (or by phone) a full course of study: from general acquaintance with financial markets and terminology to the analysis of basic salary strategies used.

Clients of the trading platform are also provided with a special e-book (about working with binary options), video lessons, as well as a section of the site “Questions and Answers”, where you can find a lot of useful information on online trading.

The demo account provided on the OptionBit allows newcomers to practice how to perform operations, what to focus on, planning to work on a specific scheme and what “pitfalls” prevent traders from earning huge sums.

Important information about the OptionBit trading platform

To create a common “picture” about the trading platform of OptionBit, it is necessary to study all the issues related to the trading accounts of this resource, replenishment / withdrawal of funds, as well as the assets traded by the company.

Trading account

Continuing the analysis of the presented trading floor, it is necessary to study all financial issues so that a novice trader knows how much money he needs to participate in the submitted project.

● The minimum deposit is $ 200.

● The minimum / maximum rate of 10/5 thousand dollars.

● The average yield is 81%.

● Trading account currencies: British pound, US dollar and euro.

● The presence of a large number of bonuses: for the first replenishment of $ 100, and for each subsequent – the amount of reward depends on how much the trader has replenished his account.

Preparing for the OptionBit review, you need to warn potential traders that they have only one free withdrawal of money from the account, for all subsequent need to pay $ 30.

Deposit / Withdrawal of money

In order to replenish your deposit or withdraw money from your account, you can use the following options:

● Plastic cards of financial and credit institutions (Visa, Mastercard).

● Bank account.

● Moneybookers.

● Webmoney.

● Neteller.

● Yandex. Money.


● Qiwi.

This list is basic, in some regions other ways of replenishing the account are allowed. And it is quite possible that in a month or two, the submitted list may completely change.


Compiled on OptionBit reviews, especially do not focus readers’ attention on available trading tools. The considered company is a broker of binary options, which means that all operations available on this trading platform are related to the classical methods of operation of such trading platforms.

Major assets include:

● Shares / securities of large enterprises, international concerns.

● Stock indices.

● Currency pairs.

● Goods (precious metals, raw materials).

An objective review of this topic will help novice traders correctly organize their work on the presented platform, avoiding serious mistakes and unnecessary financial expenses.