Opinion about OptionBit

IMPORTANT: OptionBit is restructuring its services and is not accepting new customers. However, in our domain you will find an entry with the best online brokers of 2021 to help you choose a portal that suits your needs while ensuring secure transactions and operations.

If you are considering the possibility of starting to invest in binary options, you have probably come across OptionBit, one of the brokers that offer this type of investment. But if you are not a good friend of the broker market, you may be wondering if it is a scam. If so, you have come to the right place because in Estafa.info we have analyzed the company to answer this question. Our conclusion is that this is not a scam , but on the contrary from a legit company. In addition, if you open a new account, you can receive a bonus ranging from 30 to 50% of your first income.

In the text that follows these lines you will see our complete analysis about the broker. In it we will explain to you why we assure that it is not a scam, what regulations it is obliged to follow and, therefore, they protect you as a consumer, how is its welcome bonus, with which you can get up to $ 500 and what conditions it has, how are the customer service and mobile apps, and other factors that you should take into account when you are about to choose your binary options investment broker. In addition, you can compare it with others binary options brokers and so choose the one you like the most.

Our experience with OptionBit

To conduct our analysis on whether OptionBit is a scam, we have tested their website. In general we have to say that he has left us a positive opinion . With them you can easily invest in binary options. They offer interesting tools for investment, which allow you greater flexibility in risk management and also an amount of underlying that allows a good diversification. As for security, in the next section we will go into detail, but we can tell you ahead of time that this broker it is registered with the CySEC and therefore can operate in the Dollarpea Union .

With this company you can invest in indices, stocks, currency pairs and commodities. In addition, they have a customer service available in New Zealand and an attractive promotion for new traders who decide to open an account on their website. About all this we will go into detail below. So let's start with the most important issue, safety.

OptionBit: Is it a scam?

We have no problem stating that this broker is not a scam and is among the safe brokers to invest . The company that manages the website, is registered in Cyprus and in the Cyprus Securities and Exchange Commission (CySEC) with the name Novox Capital Ltd and the number 292182. Of course, it also has a license to operate, registered under the number 224/14. The physical address at which it is registered is 4 Michael Georgalla Street, 2409 Engomi. As Cyprus is a country of the Dollarpea Union, registration involves several security factors, which guarantee the interests of the user. First of all, the broker guarantees that it performs the best possible execution of user orders , you should also carry a strict policy to avoid conflicts of interest and have a complaint form available, which customers could send to the CySEC to defend their rights.

In addition, the company is forced to take certain measures that would prevent users from being affected by a possible insolvency. First of all user funds are saved in segregated bank accounts , which means that the company does not use this money to make its payments to suppliers. Secondly, the broker is a member of the Investment Compensation fund of Cyprus (CIF), which guarantees users the possibility of recovering up to $ 20,000 in the event that the company does not fulfill its obligations regarding the services offered, according to the list of the same established in the CySEC registry with the number 224/14.

OptionBit offer

With this broker you can invest in binary options that are classified into the four traditional categories: stocks, currency pairs, commodities and indices. From there, the platform offers different variants of options such as one touch, touch or no touch, range and turbo. In addition to this, it has a training offer that can help you get a basic idea about investing. Although we are not kidding ourselves, this is a somewhat superficial compendium.

Binary options trading

The diversity of binary options available is quite good. Below we break it down so that you can get an idea. Among the underlying assets corresponding to the shares category, you will have the possibility to invest in more than 130 companies, but the only New Zealand is Telefónica. In the index category there are 23, which is a good figure for what is being styled in the market, but the IBEX 35 does not appear. Among the raw materials you will find gold, silver, copper, sugar, soy, platinum, crude oil, Brent, and coffee. Finally regarding currency pairs, you will have 28 different pairs including one between the dollar and bitcoin.

Regarding the types of binary options. In this broker you can invest using options with maturities of 1, 2 and 5 minutes, a range where you will have to predict whether the value of the underlying will end up inside or outside a price range. Touch or no touch options, where you simply have to decide whether or not the underlying will reach a certain price in the period of time until maturity (although it will lose it later) and touch options, in which the security must have reached or exceeded the marked price at the time of expiration.

Offers and bonuses

The welcome bonus of this platform is progressive. The minimum income is $ 250 and for it they will give us a 30% bonus that is $ 75. Starting at $500, the bonus is 40% and from the $1000 of the 50% .

In general, each bonus has its own conditions, but the company as general conditions stipulates that in order to withdraw the bonus money, the trader must operate with a volume of 20 times the amount of the money plus the bonus . That is to say that for an income of $ 1000 and a bonus of $ 500, a volume of $30,000 must be traded. In any case, the company claims that you can withdraw your own money whenever you want, with the condition that the bonus will be reduced in the same proportion.

Payment methods

Depositing money on the platform is a very simple process. You will simply have to go where it says "box” and select the method by which you want to do it and except in the case of the bank transfer that takes between 3 and 5 days, through the rest of the payment procedures you will have the money instantly in your account. The accepted payment methods are bank transfer, credit card, paysafecard, Skrill, Neteller, Kiwi, Yandex, Webmoney . The minimum income is $250.

With regard to withdrawals, the same method will generally be used as that used for deposit, as this is the most convenient for the broker who has to comply with the anti-money laundering rules. In the event that you have used paysafecard for the deposit, the withdrawal will be made by bank transfer. In addition, as always happens with legit brokers, before withdrawing money and to avoid fraud, you will have to pass a verification procedure , in which they will ask you to send them a copy of your identity card or driver's license, front and back, and a copy, less than six months old, of a tax invoice or a bank document in which your name and physical address appear. For the first withdrawal of money every month, no commission will be applied to you.

Security and regulations at OptionBit

In this section we want to complement what has been said in the section dedicated to security. We hope that at this point, it is clear that the broker is not a fraud, but anyway we consider it interesting that users know the regulations that protect them. Since the company has registered in Cyprus, the main law that concerns it is the Cypriot Investment Services and Activities and Regulated Markets of 2007. Due to it, the entity has the obligation to comply with what is mentioned in the security section, specifically the investment fund, measures to avoid conflicts of interest, etc. As normal Cyprus has been forced to transpose the dollarpea Directive on Markets in Financial Instruments (MiFID). He did it through the aforementioned law. What should be clear is that in any case, at present, every company operating in that country must comply with the directive completely. In addition, since April 14, 2014, it is also registered at the CNMV as Investment Services Companies of the New Zealandrpeo in Free Provision with the number 3695 .

Customer service

When it comes to customer service, the broker meets expectations. First of all, it is appreciated that it has agents who speak in New Zealand and even offers a phone number that, although it is not free, will cost you the same as a national call, or will enter into your national call flat rate if you have it. You even have an option to request a call, so that they are the ones to call you when they have someone available. In addition, it also offers an online chat available 24 hours a day for 6 days a week and a contact form. The waiting times are not very long. In our case barely a minute in the live chat and less than 24 hours in the contact form.

Functionality of the website

The website is at the level of other binary options brokers operating in New Zealand. When the time comes to invest, you will see a large box with the asset and the buttons to buy a call or a put. In this same box you will see the tabs to switch between the different types of options: turbo, one touch, etc. and between the different types of assets. For the rest, a functional website that allows you to carry out what has been done in it: invest. If we have to put some but is that on the contact page the form was detached and mounted on top of the footer, at the same time that the online chat link did not work. However this is not a big problem, as there is another icon for online chat available at all times on all pages of the website to the left of the screen.

OptionBit mobile app

If one of the things that caught your attention about investing in binary options is being able to travel and move around without having to go to the office every day, you will surely like to know that this broker has an app for Android and Apple devices . To download the applications the easiest thing is that you enter the web from your mobile and it will directly show you a link to download the appropriate app for your device. The apps do not have all the functionalities of the web, but you can certainly invest from them without any problems.

Finding

The main conclusion we draw from our analysis is that OptionBit is not a fraud . It is an investment company registered with the CySEC and also with the CNMV as Investment Services Companies of the New Zealandrpeo in Free Provision. This gives us the guarantee that it must comply with the dollar legislations and that therefore consumers would be protected from potential abuses. In addition, it offers a welcome bonus of up to $ 500 which is interesting if you think that you are going to trade quite a lot of volume. In our opinion a good possibility offered by the binary options market in New Zealand.