OptionBit Review: An Updated & Comprehensive OptionBit Review

OptionBit Review: It has been a little over a year since we reviewed OptionBit so we decided to update the binary options community with the latest from the OptionBit binary options trading platform. Check out the 4 Reasons We Continue To Love OptionBit in our exclusive “OptionBit Review”:

optionbit review

OptionBit Review – The Lowest Cost Platform…Still:

One of the main reasons we started trading with OptionBit several years ago was the ability to place reasonably small trades to start. With a minimum trade amount of only $10, OptionBit remains, one of, if not the lowest cost binary options trading platform on the market. This is a great way for traders to dip their toe in the binary trading game without risking a substantial amount of money. Demo accounts work fine when testing new strategies, and OptionBit does offer demo accounts for its traders, but no amount of demo trading can prepare you for the emotional swings traders feel when real money is on the line. That’s why having a low minimum trade amount is key to binary options trading success.

OptionBit Review – Extend & Close:

OptionBit allows traders to alter current trade characteristics through its Extend and Close functionality. The OptionBit Extend function gives binary traders the chance to move the expiration of an existing trade out to the next available expiration. This works well when you are in a trade that is heading in the right direction but you feel like you’ll need a few more minutes for the asset to completely breakthrough the target. The OptionBit Extend function is a great risk management tool that is not found on mot leading binary platforms.

The OptionBit Close function works in a similar fashion to the Extend function in that it allows traders to alter current trades prior to expiration. The Close function works just how it sounds. Say you want to close a winning trade prior to expiration because you feel that the risk of the asset finishing out of the money is rising. Simply select the Close button and you can pocket profits (minus a variable Close fee).

OptionBit Review – Touch Trading:

Touch trading, along with High/Low trading, has been available on the OptionBit platform since inception, but the company has made a few improvements to its Touch offering that you may not be aware of. Firstly, the OptionBit Touch Trading functionality has now been extended across all assets. Simply select the Touch Tab and decide whether you think the specified asset will Touch the upper target or lower target anytime prior to expiration. Secondly, OptionBit has increased the returns on Touch Options to yield anywhere up to 91% per hour, some of the highest returns on the market. Lastly, OptionBit offers Weekly Touch Trading on the weekend with returns up to 400%.

OptionBit Review – Range Options:

OptionBit is one of the few binary options trading platforms to offer Range Options. For those that don’t know, Range Options are binary options in which traders are presented an hourly range for a given asset and asked to select whether he/she believes the asset will expire within the range or outside of the range upon expiration.

OptionBit won our Platform of the Year Award for 2010 primarily due to its user-friendliness, helpful customer service, and overall excellent trading experience. OptionBit has continued to improve throughout 2011 and remains one of our recommended platforms for anyone interested in trading binary options.

You can test drive OptionBit by clicking on the link below. New depositing customers of OptionBit can receive a free copy of the Binary Options Blueprint, a free version of The Lazy Day Trader’s Binary Options Trading System along with over $1,000 worth of trading courses and systems highlighted in the Bonus of the Day box in the right hand column of the site. Simply click on any of the links in this OptionBit review, sign-up for the platform, deposit the minimum amount, and forward your confirmation to the email address on our Contact Page at the top of the screen. Your binary options bonus package will be emailed to you upon receipt.

The New OptionBit Review Trading Platform & Bonus

OptionBit Review

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