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Product OptionBit vs. OptionTrade

Choosing the most appropriate binary option trading srevice for your company is complicated with various functions, choices, and terms to take note of. However, relying on our review platform will help you to streamline the necessary steps by getting all key providers in a single location. As an illustration, you can contrast OptionTrade and OptionBit for their features and overall scores, namely, 8.4 and 8.0, respectively. Similarly, you can compare which provider has higher general user satisfaction rating: 100% (OptionTrade) and 100% (OptionBit) to learn which service is better. Don’t just choose the platform with the most attractive minimum deposit, but the platform that offers the best value.

Product

OptionBit

VS

OptionTrade

VS

Total Score

Our Score

8.0 ?

Our Score

8.4 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

100% ?

Minimum Deposit

$200

$200

Accepts US Clients

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Full 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.

OptionTrade offers traders their OT Trader, which is modeled after another successful trading broker called HotForex. OT Trader is a sophisticated binary trading platform built based on the experiences of the platform provider.

You can trade with ease using OptionTrade’s cutting-edge OT Trader platform. Traders can trade in more than 200 assets in 20 markets. You can manage multiple accounts in the myOptionTrade client area as well as trade on-the-go from any device. Minimum trade amount starts at $5.

The trading platform offers sophisticated trading tools and fast execution of trades. The platform is Web-based, therefore there is no need for downloads. It offers a user-friendly interface and is easy to use. The platform is integrated with all leading payment methods.

Assets

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

Deposit Options

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

Comission

No
No

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

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: OT Trader
Platform Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic, Swedish
OS Compatibility: Mac OS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

Located In

Cyprus Cyprus
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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

OptionTrade offers three types of trading accounts:

Standard Account – Minimum deposit of $200

  • Cash match bonus
  • Payout up to 83%     
  • Free demo account   
  • 80+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

Premium  Account – Minimum deposit of $1000

  • Cash match bonus
  • Payout up to 85%     
  • Free demo account   
  • 120+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

VIP Account – Minimum deposit of $5000

  • Personal account manager
  • Cash match bonus
  • Payout up to 88%     
  • Free demo account   
  • 180+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

Payout ratios

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

Payout ratios offered by OptionTrade are available for up to 88%.

Phone

0044 (0) 203 150 0934 +357-24-020054

Email

support@optionbit.com support@optiontrade.com

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 TRAINING
Customer Support Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic
Customer Service Hours: OptionTrade provides 24-hour customer support.
Place Trades Over the Phone?: No

Withdrawal Options:

Webmoney, Credit Card, Bank Wire Transfer Webmoney, Credit Card, Bank Wire Transfer, Neteller

Place Trades Over Phone

No
No

Payouts Percentage

81%

88%

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.

Trading choices at OptionTrade include the usual trading types such as:

  • 60 Seconds
  • Classic Binary Option
  • Long Term
  • One Touch
  • Pairs
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You shouldn’t expect just a wide range of functionalities and flexible pricing plans from a reliable Binary Options Brokers. Almost as crucial as core features is a quality customer support. You want to guarantee that when you have any questions about OptionTrade or OptionBit, or you struggle with some problems, or perhaps you’ll need to ask for a specific revision or functionality beneficial to your company you can count on a responsive and helpful customer support. Examine if solutions such as phone support, tickets or live chat are available. It’s also a major asset if you are able to enjoy individual training or at the very least an FAQ you can use.