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OptionBit Review


OptionBit Review

Up To $3000 Bonus

Min. Deposit:$250
Demo:Yes, Free
US Accepted:No

OptionBit is one of the premier Binary Options brands backed by the TradoLogic platform. They offer a wide array of trading features and assets classes. They have standard Up/Down options that can be displayed either in a single expanded chart layout or you can view 4 positions simultaneously. They have high yield Touch/No Touch and Range options. Recently they added Turbo trading, which is 60 Second Binary Options and more. Aside from the 1 minute expiration, Turbo trade offers  2 minute and 5 minute options as well.

OptionBit offers a high level of support via Live Chat and phone. Training is available by way of a comprehensive free eBook. If you open an account you can receive a bonus of up to $3000 and a $500 demo account.

OptionBit Review

OptionBit Screen Shots


About Broker

Founded in 2009 by former binary option and forex traders, OptionBit is a fully licensed and regulated binary options brokerage by CySEC Its state-of-the-art platform trading platform is perfectly suited for beginners who are interested in earning a secondary income, but dynamic enough to sufficiently satisfy the demands of professional traders. Additionally it gives you some of the most advanced trading tools that enable you to maximize your trading experience. Most importantly its deposit and withdrawal methods are efficient and secure, ensuring that your money is in safe hands.


OptionBit provides a solely web-based platform that is incredibly simple to use, but at the same time extraordinarily dynamic offering an array of different tools that are sure to enhance your trading experience. For example OptionBit enables you to close a trade before the expiry time and gives you the opportunity to extend your trade to the next expiry cycle with the ‘Extend Now’ feature. Additionally, OptionBit enables you to choose the ‘AutoTrade’ tool which allows you to plan a longer-term trading strategy as this tool re-opens winning trades. Another unique tool is the dynamic payout option that allows you to manage your risk. Furthermore, OptionBit has one of the largest asset indexes including hot assets such as Bitcoin, Facebook and Alibaba.

OptionBit Free Demo Account

OptionBit offers a $500 Free Practice account upon registering for an account. You do not need to make a deposit in order to activate the Demo. Just sign up for a free account and ask for your $500 demo account from customer support.  This is a great chance to test the OptionBit platform for free before risking your own funds.  To get your Free OptionBit Demo Account Click Here.

Is OptionBit a Scam?

It’s not unusual for a broker that has such widespread recognition to have some negative comments ascribed to it on the internet. When thousands of traders have used a particular Binary Options broker there are sure to be many who have lost money and lash out at the broker. It is important to look towards independent reviews as well as customer response to get a feel as to whether a broker is involved in unscrupulous practices. The execution and platform is handled by TradoLogic and they have a sterling reputation in the industry for accuracy and timely performance. Withdrawal complaints are many times an issue with brokers. Much of this has to do with a misunderstanding of terms and conditions relating to bonuses. Our personal experience with OptionBit has been positive overall and thus it would be difficult for us to consider them a scam.

Deposit & Withdrawal

With deposits starting at just $250, OptionBit allows you to make your initial investment with all of the traditional payment options. After you click on the cashier tab you will be asked your preferred payment method and to choose the amount you would like to deposit. Then click on the ‘Proceed to secure checkout’ tab and you will be transferred to an SSL protected page where you will be asked to fill in your details to your preferred payment.

At OptionBit you can withdraw your money at any given point in time using the very same depositing methods, and within five business days the money will be back in your account enabling you to use your profits to your liking. All you have to do is locate the withdrawal button at the bottom of the main cashier page. After you click on it you will be asked to choose your desired amount to withdraw and a preferred payment method.


OptionBit is an excellent choice for beginners looking to enter the binary options world and for trading wizards looking to maximize their profit potential. With a highly advanced but simple-to-use trading platform along, OptionBit was definitely fashioned with its investors in mind.

Languages at OptionBit

Platform:English /, Arabic , French , Japanese , Russian , German , Spanish , Italian , Portuguese , Swedish
Customer Service:English /, Arabic , French , Japanese , Russian , German , Spanish , Italian , Portuguese , Swedish


To see the full list of all binary brokers we’ve reviewed, click here.

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