In recent years, ways to earn money through the Internet (both as the main source of finance and as an additional one) have become increasingly popular. Of these, only two options can be distinguished that really provide real opportunities for obtaining solid amounts of income. These are trading in currency pairs on the international Forex exchange and trading in binary options.
Reviews: OptionBit
Although binary options trading is not as advertised as Forex trading, it is quite a lucrative business, and many speculators are already making money on options.
To choose a worthy one among a huge number of brokers providing services in the binary options market, it is better to first read customer reviews. Optionbit is a company with a longstanding reputation that has been able to achieve significant respect among both traders and investors.
In 2010, on the island nation of Cyprus, the CySEC Securities and Exchange Commission issued a license number 224/14 for the investment company NovoxCapital Ltd ("Novox Capital Ltd"), which operates the site on the worldwide web.
The majority of satisfied clients from 46 countries around the world associate Optionbit Broker primarily with transparent conditions for profitable trading and a solid authorized capital on Novox Capital Ltd accounts.
Trading
The Optionbit broker enters the market using the Tradologic trading platform. In order to evaluate the ease of use of this site, you need to consider the trading process itself in more detail.
Key concepts all customers need to know
- A binary option involves the conclusion of a contract for a specific financial instrument with a set price and a predetermined expiration date.
- The financial instrument is the subject of a contract (option). It can be stock indices, commodities, currency pairs or commodities.
- High up contract is an option that is opened based on the fact that the price of a financial instrument at the time of closing the contract will increase compared to the initial one. For example, at ten o'clock in the morning a deal was opened to increase the price of the GBP/USD (British pound/US dollar) currency pair at a quote of 1.5449, and at eleven o'clock the contract closes at a price of 1.5467. In this case, the trader takes profit.
- Low down ("low down") contract provides a profit to the speculator only if, at the end of the option expiration, the price of the financialinstrument will fall in relation to the original cost. For example, at twelve o'clock in the afternoon it was decided that by fourteen o'clock the price of the GBP/USD (British pound/US dollar) currency pair would be lower than the current quote of 1.5449, and a corresponding contract was concluded. When the price drops to 1.5403 at the time of the option expiration, the profit is credited to the balance of the optionbit (customer's personal account).
- The concept of "out of the money" ("out of the money") essentially means for the speculator the loss of funds in the account. That is, when an open high contract closes at a price lower than the initial quote, and the Low option, respectively, was realized at the appointed time at a higher cost than at the time the transaction was opened.
- The concept of "in the money" ("in the money") in special terminology means that optionbit binary options have brought income to the trader. This often happens when, having gained some experience, a trader makes the right trades.
- The concept of "at the money" refers only to options trading, because when at the time of the contract execution the price of the closing quote coincides with the value of the financial instrument at the opening, all the total purchase amount of the option.
Must remember
What do the numerous reviews say? Optionbit, like any other financial market, must be carefully analyzed before trading. Because binary options havesuch options 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 website of the broker company www.optionbit.com, logging in after registration gives access to proprietary development for clients. Algobit is a special fully automated system that scans the movement of quotes in financial markets, and also identifies trends even at the moment they begin to form. Algobit then provides speculators with concrete signals about the direction in which the quote will move. And already, depending on the chosen timeframe (the most popular are five-minute, fifteen-minute, half-hour, hourly, four-hour and daily), a person independently determines the expiration time of the contract.
Compatibility
In general terms, we have described what Optionbit is. According to the results of testing by the company's clients, the personal account with the binary options trading platform demonstrates excellent work in conjunction with the Google Chrome browser and the equally popular Mozilla Firefox product.
Only it is advisable not to use the Opera browser, which interacts very poorly with the trading platform of the Optionbit broker.
Comfortable binary options trading
Small devices, like tablets, iPhones or smartphones, are now almosteveryone, because they are very convenient for accessing the Internet when a person is away from his own home. In connection with this trend, Optionbit has made entry into the financial market of binary options available to all owners of portable devices. Special applications have been developed for users of Android and iOS operating systems. Programs work flawlessly, as long as there is a reliable and fast Internet connection.
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 agency Reuters provides this service for Optionbit. Based on the “trust but verify” principle, some meticulous clients did compare the data from the Reuters page with Optionbit numbers. They just wasted their time, because all the quotes matched perfectly, and if there were changes, then at the same time on both sites.
Financial instruments (assets)
For experienced speculators, beginners and investors, the company strives to offer the maximum selection of various financial instruments for profitable trading or hedging assets in the binary options market.
So, Optionbit broker clients can choose from 176 items, among which there are thirteen currency pairs, stocks of one hundred and twenty-seven companies, stock indices (twenty-five options) and raw materials with goods (eleven variations). Here, the Algobit system reveals invaluable benefits, becauseit is physically impossible for a person to keep track of all the assets, but he wants to earn on all the opportunities at hand.
Varieties of binary options contracts
To get a stable income, speculators try to use different chart timeframes, for which different types of binary options become the most convenient. A list of all possible types of contracts and indicators of possible profitability are arranged in this order.
- Short-term (with an expiration time of fifteen to three hundred seconds) provide about seventy-five percent of the profit.
- Standard binary options with an approximate return 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, returns may vary.
- Long-term option on long-term timeframes will bring eighty percent profit.
Like other trusted brokers, Optionbit has included in its list of services the possibility of early closing in case the trader decides that he has incorrectly predicted the transaction, and extension of the option if the trader expects the quote to continue to move further in the right direction.
Working with the account
The OptionBit broker is on the lists of large companies. 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, thisthe company provides more profitable opportunities, because the minimum amount for a deposit with other brokers starts from two hundred and fifty dollars, and the minimum for rates - from twenty-five dollars. Of course, there are companies where the minimum deposit can be from ten to one hundred dollars with minimum rates up to one dollar. Only reputable clients do not take such firms seriously.
You can replenish your trading account in a variety of and most convenient ways - from bank transfers to using the popular electronic payment systems "WebMoney", "Qiwi", "Yandex. Money" and others.
Bonuses
In order to create the most comfortable trading conditions for newly registered clients, according to reviews, Optionbit provides welcome bonuses.
When replenishing their account, each client chooses whether to take a bonus or not. The amount 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. If the deposit is five hundred dollars, then two hundred dollars (forty percent) will be received, and when replenishing a thousand dollars, the bonus will be five hundred dollars (fifty percent).
Only the bonus funds themselves cannot be withdrawn under any circumstances. You can withdraw profits from options trading from your account when the turnover of money from trading is twenty times the amount of bonus credits.
Withdraw funds
Because the brokerage company tries to stick to the standardsworld-class quality of services in the financial markets, it also fulfills international requirements that are aimed at combating money laundering.
Therefore, the withdrawal of funds from Optionbit is carried out only after the full verification of the account. To go through 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 must send a receipt with payment for utility bills at the place of registration. If these conditions are met exactly and according to the instructions, then within five banking days the money will be credited to the client's payment account.
When working with the Optionbit broker, withdrawal of funds (reviews of 2013 fully confirm this) most of all clients carry out using electronic payment systems such as Visa, Mastercard, Netteller, Yandex. Money and "Kiwi".
Although there is still one negative point: you can make a payment only once a calendar month, but the conditions are the same in other brokerage companies. Therefore, the reputation of Optionbit does not suffer from this.
Qualification test
The broker is interested in professional traders, so newly registered Optionbit clients need a demo account to test their binary options trading skills. Five hundred dollars will be credited to the demo account for trial trading for twenty-four hours. This time is quite enough to get acquainted and study all the intricacies of making money ontrading with binary options financial instruments from Optionbit.
Useful information
Many beginners 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 solid amount of important information that will be very useful even for experienced traders and investors interested in multiplying their capital.
An exclusive innovation from Optionbit is 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 suggest what needs to be done in order to correctly use strategies and receive a stable and high income ranging from sixty to eighty percent.
