Since the inception of the binary options as an art of investing into the financial world in 2008 there has been a good number of participants who have cropped up from around the world to get a piece of the action, and that is exactly what OptionBit did, they saw an opportunity to get involved and jumped onto it as soon as they could.
The name OptionBit is the trading name that Green Galaxy International S.A uses to offer their investment services to their clients, and this means that the company is regulated and authorized to offer the stated services.
Green Galaxy International S.A is a company that is located in the Seychelles off the coast of East Africa in the Indian Ocean; this company has made sure that they are beyond reproof for they have followed all the requirements and they have acquired all the required documentation to operate legally.
The company is licensed and authorized by the Seychelles Securities and Exchange Commission, and their license number is 117556.
They also operate under the 2007 laws that cover investment services and activities and regulated markets. The laws allow OptionBit com to deliver investment products, advice, and services to their clients without worry they are breaking any laws.
It is important to note that OptionBit was registered in 2012 on the 31st of December and this was way after all the regulations and laws that govern the investment and financial markets industry had been improved or included in the 2007 laws, so they had an easier time incorporating the same into their company.
OptionBit (Review): Scam or Not?
OptionBit is a popular binary options provider in the world, but clients from Europe, United States of America and Canada and a group of other countries cannot access their services because of regulations outlawing binary options as an investment vehicle in their countries.
There is more information on OptionBit at www OptionBit com but some of the most obvious information that many aspiring clients look for are like the minimum deposit which is $200, and the minimum amount per trade is $10.
This amounts may seem a lot to the average beginner trader, but it is quite an affordable amount to start with, with proper risk management and sound equity management you are more likely to make more from the stated minimum starting balance.
Also for every deposit made the client gets a 100% bonus, but if you adhere to the bonus, there are some terms and conditions that are also attached to it so you should read and understand fully before getting the extra credit on your balance.
The average payout on any trade taken that closes in the money are 81%, which is very impressive and that gives the trader a proper return on investment on any given trade opened. The OptionBit com has come up with a mobile application that allows the trader to trade through your phone.
OptionBit: Trade Options and Demo Account
There are various option types in the binary options industry, but OptionBit com has been able to come up with a new version of options with understandable names that relate directly to the style of trading you are using.
They have the digital options which are the common call and put options; this is when you have an idea based on your analysis that price will either go up or down and if up you buy call options but if down you buy put options.
The next one is the turbo options which represent the short-term options; these options are time conscious in that they have expiration times, once time has elapsed the trade closes if it closes at a price predefine you get your profits otherwise you lose the amount risked.
The periods in which the trades run is between 30 seconds being the shortest time frame to 5 minutes being the lengthiest turbo option.
OptionBit also has the touch option which consists of a certain price level below or above the current one that the client wishes to see it reached with a given duration of time if it does the trade closes in the money otherwise it is a losing trade.
The last tradable option is the range option; here you decide the range which price will maintain for a given period of time and if price maintains that range then you have yourself some profits to book otherwise you lose the risked amount.
Most of the payouts from these trades are averagely 100% which means with every winning trade you have a good chance of making more than your risked amount.
OptionBit Trading Platform and Asset Index
Like most binary options firms OptionBit has the online trading platform, but their platform comes with some features that set it apart from the rest. Their trading platform has a multi-chart package that allows the trader to view multiple assets simultaneously and track or monitor their open positions with much ease.
The trading platform has various chart types, the candlestick chart, the line chart and the area chart so you can choose your preferred chart type and carry on with your trading.
The trading platform has some extra features to assist in the trading; like the advanced chart analysis offered by Tradingview, they also have a signal service that traders can subscribe to for trade alerts, Algobit, this has confirmed that OptionBit com is in the forefront of the changes in the finance industry and they are riding and introducing the changes to their clients.
Through the charts you can trade a number of currencies both major, minor and exotic currencies alike, you can also trade the commodities, stocks, and indices. With a wide range of assets to choose from, the trader will have an easier time diversifying their portfolio.
