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Comparison First Binary Option Service vs. OptionBit

Selecting the right binary option trading srevice for your business is difficult with too much features, choices, and terms to consider. However, depending on our website will help you to simplify the selection steps by reading all key brokers in a single place. For example, you can compare First Binary Option Service and OptionBit for their tools and overall scores, namely, 7.0 and 8.0, respectively. Furthermore, you can check which provider has better general user satisfaction rating: 95% (First Binary Option Service) and 100% (OptionBit) to learn which solution is the better choice. Don’t just pick the solution with the lowest minimum deposit, but the solution that offers the most cost-effective value.

Comparison

First Binary Option Service

VS

OptionBit

VS

Our Score

Our Score

7.0 ?

Our Score

8.0 ?

Customer Experience

Customer Experience

95% ?

Customer Experience

100% ?

Minimum Deposit

$5

$200

Accepts US Clients

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Complete Review

Description

First Binary Option Service’s trading platform is just labeled differently from traditional trading platforms. But it is simple to use as all the main features are labeled clearly and you can easily select options from the provided drop-down list.

This broker offers a demo account to help traders become familiar with the trading platform before they invest their money. You can trade in about 50 instruments of various types including CFDs, indexes, futures, and currency pairs. The trading platform is web-based and you don’t have to download or install any software on your computer system. The company has been around since 2011 and offers support in English and Russian languages.

OptionBit’s trading platform offers a wide range of useful resources and tools. It is user friendly and provides a “My Trades” box that indicates open trades.

OptionBit offers a range of advanced trading tools for a successful trading experience. All tools are available when trading currency digital trades only. You will be able to activate and use the trading tools starting five minutes after entering the trade and until 10 minutes before expiry. The trading tools offered are ‘Close’, ‘Extend’, and ‘Auto Trade’.

This broker also offers mobile apps compatible with Android and iOS platforms to enable trading on the go.

Place Trades Over Phone

No
No

Customer Service

EMAIL
LIVE SUPPORT TRAINING
Customer Support Languages: English, Russian
Customer Service Hours: First Binary Option Service offers 24-hour customer support.
Place Trades Over the Phone?: No
EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, Spanish, German, French, Russian, Italian
Customer Service Hours: OptionBit provides 24-hour customer support.
Place Trades Over the Phone?: No

Trade Types

First Binary Option offers six trade types:

  • High / Low
  • One Touch
  • No Touch
  • In Range
  • Out Range
  • 60 Seconds

OptionBit offers the following trade types: one touch, autotrader, and classic. The broker’s Tradologic trading platform includes the following trading types: regular above/below binary options, touch trading and range, as well as “extend” and “close now” features. Option types offered on the website are digital, one touch, touch/no touch, range, and turbo.

Bonuses & Rewards

No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No

Trading Accounts

Click on the “Real Account” button on firstbinaryoption.com to register and get started. The minimum deposit required is just $5. The website also offers a free demo account.

OptionBit offers four types of trading accounts:

Mini Account

  • Minimum deposit is $200
  • Welcome bonus up to 30%, loyalty bonus up to 30%
  • eBook on binary options trading and trading with OptionBit
  • Personal trading analyst
  • Free trading alerts
  • Daily market review
  • Account manager
  • Training materials like financial charts and webinars
  • One free monthly withdrawal

Standard Account

  • Minimum deposit is $1000
  • Welcome bonus up to 50%, loyalty bonus up to 100%
  • All features of Mini Account, plus:
  • Soft copies of digital lessons
  • Market reviews twice daily
  • One on one trading sessions up to 5 times every day

VIP Account

  • Minimum deposit is $10,000
  • Welcome bonus up to 75%, loyalty bonus up to 100%
  • All features of Standard Account, plus:
  • Two free withdrawals per month
  • Unlimited one on one trading sessions
  • Market expert to handle your account personally

Diamond Account

  • Minimum deposit is $50,000+
  • Contact the broker for information
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Located In

Cyprus Cyprus

Withdrawal Options:

Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill Webmoney, Credit Card, Bank Wire Transfer

Deposit Options

Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Moneybookers

Comission

No
No

Payouts Percentage

80%

81%

Platform

Platform type: First Binary Option Platform
Platform Languages: English, Spanish, Russian, Arabic
OS Compatibility: Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No
Platform type: Tradologic
Platform Languages: English, Spanish, German, French, Russian, Japanese, Italian, Turkish, Arabic
OS Compatibility: Mac OS, iOS, Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes

Payout ratios

Average returns are around 80% and maximum returns can be as high as 765%. You can get a refund of up to 15% for losing trades.

OptionBit allows you to earn a payout of up to 400% on your investment.

Email

support@firstbinaryoption.com support@optionbit.com

Assets

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities, etfs, CFDs Oil, Gold, Indices, Stocks, Commodities

Phone

No phone support 0044 (0) 203 150 0934
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If you are still having second thoughts about which solution will be best for your business it might be a good idea to investigate each service’s social metrics. Such metrics are frequently a way to see how popular a given software is and how extensive is its online presence.For instance, if you check First Binary Option Service LinkedIn profile you’ll learn that they are followed by 0 users. In case of OptionBit the number of followers on their LinkedIn page is 0.