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Comparison FMTrader vs. OptionBit

Selecting the right binary option trading srevice for your organization is complicated with so many functions, choices, and offers to choose from. On the other hand, using our review directory will make it possible for you to streamline the necessary steps by getting all major brokers in a single place. For example, you can contrast FMTrader and OptionBit for their features and overall scores, namely, 8.0 and 8.0, respectively. Furthermore, you can check which provider has higher general user satisfaction rating: 100% (FMTrader) and 100% (OptionBit) to determine which one is the better option. Don’t simply choose the service with the most attractive minimum deposit, but the service that has the best value for your money.

Comparison

FMTrader

VS

OptionBit

VS

Total Score

Our Score

8.0 ?

Our Score

8.0 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

100% ?

Minimum Deposit

$250

$200

Accepts US Clients

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Complete Review

Description

FMTrader providers users with the award-winning SpotOption as its trading platform. SpotOption is highly accessible, allowing traders to do trade and engage through the web. No software download and installation is needed. Many traders use prefer SpotOption as it is widely used in the industry due to its simplicity, reliability, and ease of use.

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.

Comission

No
No

Payouts Percentage

70%-90%

81%

Phone

+448001700149 0044 (0) 203 150 0934

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, Russian, Turkish
Customer Service Hours: FMTrader provides 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

Assets

Oil, Gold, Indices, Stocks, Commodities Oil, Gold, Indices, Stocks, Commodities

Withdrawal Options:

Credit Card, Bank Wire Transfer Webmoney, Credit Card, Bank Wire Transfer
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Payout ratios

85%

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

Email

support@fmtrader.com support@optionbit.com

Deposit Options

Credit Card Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Moneybookers

Place Trades Over Phone

No
No

Trading Accounts

Traders with FMTrader can choose from 5 different types of trading accounts which come with various benefits. They are each defined by a minimum deposit.

  • Bronze Trading Account
  • Silver Trading Account
  • Gold Trading Account
  • Platinum Trading Account
  • Islamic Trading 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

Platform

Platform type: SpotOption
Platform Languages: English, Russian, Japanese, Turkish, Arabic
OS Compatibility: Mac OS, iOS, Windows
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

Trade Types

FMTrader offers the following trading types:

  • 60 Seconds Options
  • Classic Binaries
  • One Touch Options
  • Option Builder
  • Pair Trading
  • FX/CFD

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.

Located In

United Kingdom Cyprus

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
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If you continue having second thoughts about which solution will perform best in your case it may be a sensible idea to analyze each service’s social metrics. Such metrics are usually a sign of how popular each service is and how big is its online presence. For instance FMTrader Twitter account has currently 1993 followers. At the same time OptionBit Twitter is followed by 0 people.