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Compare OptionBit vs. Magnum Options

Selecting the right binary option trading srevice for your company is not that easy with so many features, options, and offers to consider. On the other hand, depending on our review directory will make it possible for you to streamline the necessary steps by getting all key services in a single place. For instance, you can contrast Magnum Options and OptionBit for their features and overall scores, in this case, 8.0 and 8.0, respectively. Likewise, you can check which broker has superior general user satisfaction rating: 96% (Magnum Options) and 100% (OptionBit) to determine which service is better. Don’t simply choose the service with the most attractive minimum deposit, but the platform that offers the most cost-effective value.

Compare

OptionBit

VS

Magnum Options

VS

Our Score

Our Score

8.0 ?

Our Score

8.0 ?

Client Experience

Client Experience

100% ?

Client Experience

96% ?

Minimum Deposit

$200

$200

Accepts US Clients

Yes
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Detailed Review

Description

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.

Magnum Options is using the SpotOption trading platform, which is one of the most popular trading platforms in the market because of its ease of use and flexibility. It is so easy that even novice traders won’t find themselves having difficulties navigating and performing trade tools and processes present at SpotOption.

Platform

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
Platform type: SpotOption
Platform Languages: Italian
OS Compatibility: iOS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

Email

support@optionbit.com support@magnumoptions.com

Deposit Options

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

Withdrawal Options:

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

Trading Accounts

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

Magnum Options offers the folllowing trading accounts:

  • Standard Account
  • Premium Account
  • Executive Account
  • Magnum Elite
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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

Assets

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

Customer Service

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
EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, Italian
Customer Service Hours:
Place Trades Over the Phone?: No

Located In

Cyprus British Anguilla

Trade Types

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.

Magnum Option offers the following trade types:

  • Classic Binary Options
  • One Touch Options
  • Option Builder
  • 60 Second Options
  • Option Pro

Comission

No
No

Place Trades Over Phone

No
No

Phone

0044 (0) 203 150 0934 1-855-217-4642

Payouts Percentage

81%

85%

Payout ratios

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

75%

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Every time you select a solution that you believe will be an actual asset for your team you shouldn’t simply limit yourself to what reviewers have to say about it. Quite frequently personal experience with the product will vary, depending on your own goals and requirements. This is why in our reviews we also provide our User Satisfaction Rating for each solution to give you a quick overview of how real users of Magnum Options and OptionBit evaluate their contact with the service. Our system is built around detailed analysis of product appearances on other sites, social networks as well as blogs, so you will obtain a complete and reliable landscape of what other people think about each product. In this example Magnum Options got a total satisfaction rating at 96% while for OptionBit 100% of people express they had a positive experience with it.