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Comparison IvoryOption vs. OptionBit

Selecting the most appropriate binary option trading srevice for your company is complicated with a lot of functions, choices, and terms to take note of. On the other hand, relying on our review platform will allow you to simplify the selection steps by showing all main providers in a single place. For instance, you can match IvoryOption and OptionBit for their functions and overall scores, namely, 7.5 and 8.0, respectively. Likewise, you can compare which provider has higher general user satisfaction rating: 100% (IvoryOption) and 100% (OptionBit) to learn which one is better. Don’t simply pick the solution with the lowest minimum deposit, but the solution that has the best value for your money.

Comparison

IvoryOption

VS

OptionBit

VS

Total Score

Our Score

7.5 ?

Our Score

8.0 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

100% ?

Minimum Deposit

$250

$200

Accepts US Clients

Yes
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Detailed Review

Description

Like most binary options brokers, IvoryOption uses the popular SpotOption trading platform due to its ease of use, flexibility, and reliability. SpotOption’s latest version now comes with new features on top of their essential trading tools, thus providing traders an improved trading experience. SpotOption now has mobile versions for iOS and Android devices, allowing traders to perform business using their smartphones and tablets.

The IvoryOption platform is 100% web-based and you need not download any software. All you need is an internet connection to make your trades. The platform’s pricing and execution modules are impressive, and the broker uses sophisticated technology to ensure your trading convenience, fiscal safety, and overall satisfaction.

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.

Assets

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

Phone

(+44) 203-695-1604 0044 (0) 203 150 0934

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, French, Arabic
Customer Service Hours: IvoryOption offers 24/7 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

IvoryOption offers the following trade types:

  • Pairs
  • Long Term
  • Short Term
  • One Touch
  • Ladder
  • Spot Follow

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.

Payouts Percentage

85%

81%

Payout ratios

IvoryOption offers payout up to 85%.

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

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Deposit Options

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

Trading Accounts

IvoryOption offers three types of trading accounts:

Novice Account

  • Welcome bonus
  • Account manager
  • Email updates
  • Website live support
  • Training videos

Individual Account

  • Personal trading strategies
  • Trading asset analysis
  • Trading signals by email and Skype
  • 24/7 support from a broker consultant

Executive Account

  • For experienced traders
  • All features of the above two accounts, plus:
  • Additional liquidity of funds
  • Immediate withdrawals
  • Daily signals and trade advice

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, Spanish, German, French, Russian, Chinese, Japanese, Italian
OS Compatibility: Mac OS, iOS, 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

Comission

No
No

Located In

Gibraltar 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

Email

support@ivoryoption.com support@optionbit.com

Place Trades Over Phone

No
No

Withdrawal Options:

Credit Card, Debit Card Webmoney, Credit Card, Bank Wire Transfer
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Almost as crucial as functionalities and client support responsiveness are pricing plans given by IvoryOption and OptionBit. Although pricing should not be the sole factor it’s definitely a key thing to consider. You should try to find a flexible pricing plan that can be matched with your company size and painlessly scaled up if your company grows. You should be certain you don’t pick pricing plans that include extra tools that you won’t find useful and always make an effort to contact with the vendor directly as big companies can frequently count on special pricing. You should also give a chance to a free trial or demo of every software to spend at least some time on actual work with the system. It’s a useful experience that doesn’t ask you to pay any money and offers a practical overview of what it’s like to work with IvoryOption and OptionBit.