In recent years, methods of earning through the Internet (as both the main source of finance and additional) have become increasingly popular. Of these, only two options can be distinguished that really provide real opportunities for obtaining substantial amounts of income. These are trading in currency pairs on the international Forex exchange and trading binary options.
Reviews: OptionBit
Although binary options trading is not as advertised as trading on Forex, it’s a pretty profitable business and there are already a lot of speculators making money on options.
To choose a worthy among a huge number of brokers that provide services in the binary options market, it is better to read customer reviews first. Optionbit is a company with a long-standing reputation, which has been able to achieve significant respect among both traders and investors.
In 2010, in the island state of Cyprus, the Securities and Exchange Market Regulatory Commission CySEC issued a license number 224/14 to the investment company Novox Capital Ltd (Novox Capital Ltd), which manages the site on a worldwide network.
The majority of satisfied customers from 46 countries around the world associate Optionbit brokers, first of all, with transparent conditions for profitable trading and solid registered capital on Novox Capital Ltd. accounts.
Trade
The Optionbit broker enters the market using the Tradologic trading platform . In order to evaluate the usability of this site, you need to consider the trading process in more detail.
Key concepts that all customers need to know
- A binary option implies a contract for a specific financial instrument with a fixed price and a predetermined expiration date.
- A financial instrument is the subject of a contract (option). Its role may be stock indices, raw materials, currency pairs or goods.
- High up ("high up") contract is an option that is opened on the assumption that the price of a financial instrument at the time of closing of the contract will increase compared to the initial one. For example, at ten in the morning, a deal was opened to raise the price of the GBP / USD currency pair (British pound / US dollar) at a price of 1.5449, and at eleven o'clock the contract was closed at a price of 1.5467. In this case, the trader takes profit.
- A low down contract provides a speculator with profit only if, at the expiration of the option expiration date, the price of a financial instrument falls relative to the initial value. For example, at twelve o’clock in the afternoon, it was decided that by fourteen o’clock the price of the GBP / USD currency pair (British pound / US dollar) would be lower than the current quote at 1.5449, and a corresponding contract would be concluded. When at the time the option expires, the price slides to the level of 1.5403, then profit is credited to the optionbit balance (client’s personal account).
- The term “out of the money” essentially means for the speculator the loss of funds in the account. That is, when an open high-contract is closed with a price lower than the initial quotation, and the Low option, respectively, was implemented at the appointed time at a higher cost than at the time the transaction was opened.
- The term "in the money" in a special terminology means that optionbit binary options have brought income to the trader. This often happens when, having gained a certain amount of experience, a trader makes the right deals.
- The concept of "at the money" refers only to option trading, because when at the time of the contract the closing quote price will coincide with the value of the financial instrument at the time of opening, the entire option purchase amount will be refunded to the client’s deposit.
Should be remembered
What do the numerous reviews say? Optionbit, like any other financial market, needs to be carefully analyzed before starting to trade. Because binary options have options such as the time and date of expiration of contracts, so you need to accurately navigate the charts with quotes. For technical analysis, when indicators and oscillators are superimposed on price charts, it is best to download the Metatrader program.
Special offer for users
On the broker's company’s website www.optionbit.com, entry after registration gives access to branded development for customers. Algobit is a special fully automated system that scans the movement of quotations in the financial markets, as well as identifies trends even at the moment of their formation. Then Algobit provides speculators with specific signals about the direction the quote will move. And depending on the chosen timeframe (the most popular are five-minute, fifteen-minute, half-hour, hour, four-hour and daily) a person independently determines the expiration time of the contract.
Compatibility
In general, we have described what Optionbit is. According to the results of testing by the company's customers, a personal account with a platform for trading binary options demonstrates excellent work with the Google Chrome browser and the equally popular Mozilla Firefox product.
It is only advisable not to use the Opera browser, which interacts very poorly with the Optionbit broker trading platform.
Convenient binary options trading
Almost everyone now has small devices, such as tablets, iPhones or smartphones, because they are very convenient for accessing the Internet when a person is outside their own home. In connection with this trend, Optionbit made entering the binary options financial market accessible to all owners of portable devices. Special applications have been developed for users of the Android and iOS operating systems. Programs work flawlessly if only there is a reliable and fast connection to the Internet.
Broker quotes
One of the serious indicators of the reliability of a brokerage company is the supplier of financial market data - quotes. The world famous Reuters agency provides this service for Optionbit. Based on the principle of "trust, but verify", some meticulous clients still compared the data from the Reuters page with Optionbit numbers. They just wasted their time, because all the quotes coincided perfectly precisely, and if there were changes, then simultaneously on both sites.
Financial instruments (assets)
For experienced speculators, beginners and investors, the company seeks to offer the maximum selection of all kinds of financial instruments for profitable trading or hedging assets in the binary options market.
So, Optionbit brokers' clients can choose from 176 items, among which there are thirteen currency pairs, stocks of one hundred twenty-seven companies, stock indices (twenty-five options) and raw materials with goods (eleven variations). Here, the Algobit system is just invaluable, because it is physically impossible for a person to keep track of all the assets, but you want to make money on all the possibilities at hand.
Varieties of binary options contracts
To get a stable income, speculators try to use different time frames of charts for which various types of binary options become most convenient. The list of all possible types of contracts and indicators of possible profitability are arranged in this order.
- Short-term (with the expiration of the term from fifteen to three hundred seconds) provide about seventy-five percent of the profit.
- Standard binary options with an approximate profit of eighty percent.
- One of the most profitable options (up to two hundred and forty percent of the profit from the transaction) is Touch.
- In the case of the “Range” option, the income may vary.
- A long-term option on long-term time frames will bring eighty percent of the profit.
Like other trusted brokers, Optionbit included in the list of its services the possibility of early closure in case the trader decides that he did not correctly predict the deal, and extend the option if the trader expects the quotation to continue and move in the right direction in the future.
Work with the account
The lists of large companies listed broker OptionBit. The minimum deposit for this reason is two hundred dollars, and the rate for opening one option is ten dollars. Compared to other large brokerage firms, this company provides more profitable opportunities, because the minimum amount for a deposit with other brokers starts at two hundred and fifty dollars, and at least at rates - from twenty-five dollars. Of course, there are companies where the minimum deposit can be from ten to one hundred dollars at minimum rates up to one dollar. Only reputable customers do not take such firms seriously.
You can replenish your trading account in the most diverse and most convenient ways - from bank transfers to using the popular electronic payment systems WebMoney, Qiwi, Yandex.Money and others.
Bonuses
To create the most comfortable trading conditions for newly registered customers, according to reviews, Optionbit provides welcome bonuses.
When replenishing their account, each client chooses whether to take a bonus or not. The size of bonus accruals directly depends on the amount of replenishment. Starting with a minimum deposit of two hundred dollars, sixty dollars (thirty percent) will be credited to the balance sheet. If the deposit is five hundred dollars, then two hundred dollars (forty percent) will be received, and when replenished by a thousand, the bonus will be five hundred dollars (fifty percent).
Only the bonus funds themselves cannot be withdrawn under any circumstances. You can withdraw from the account the profit from trading options when the money turnover from trading is twenty times the amount of bonus credits.
Withdraw funds
Since the brokerage company is trying to adhere to the standards of world quality services in the financial markets, it also complies with international requirements that are aimed at combating money laundering obtained by criminal means.
Therefore, with Optionbit, funds are withdrawn only after full verification of the account. To complete this simple procedure, the client needs to send the site administration a scanned copy of an identity document, such as a passport. And to establish the address you need to send a receipt with payment for utility bills at the place of registration. If these conditions are met accurately and according to the instructions, then within five banking days the money will go to the client’s payment account.
When working with the Optionbit broker, the withdrawal of funds (the 2013 reviews confirm this completely) is carried out most of all by customers using such electronic payment systems as Visa, Mastercard, Netteller, Yandex.Money and Qiwi.
Although there is still one negative point: payments can be made only once a calendar month, but the same conditions apply in other brokerage companies. Therefore, the reputation of Optionbit does not suffer from this.
Proficiency testing
The broker is interested in professional traders, therefore, to test the skills of trading binary options to newly registered Optionbit clients, a demo account is simply necessary. Five hundred dollars will be credited to the demo account for trial trading within twenty-four hours. This time is enough to get acquainted and study all the intricacies of earning on trading with the help of financial options binary options from Optionbit.
Helpful information
Many newcomers want to earn solid money and use binary options for this, so Optionbit broker has developed an excellent training system for them. The training materials include a substantial amount of important information, which will be very useful even for experienced traders and investors interested in increasing their capital.
An exclusive innovation from Optionbit was a selection of seven profitable trading strategies with detailed explanations and step-by-step descriptions. In addition, a team of experienced managers and professional analysts from a large staff of qualified employees will always be in touch with clients, who will tell you what needs to be done in order to correctly use the strategies and get a stable and high income ranging from sixty to eighty percent.