Binary Options Trading with Option Bit

With so many different binary options programs available, it is important to review each one. Option Bit was launched in 2010 and is one of the newer programs out on the market. However, that does not mean that it is inferior to the others.

No Need to Download Software

Users will find that there is no need to download any software onto their computers since everything is web-based. This can offer pros and cons though. Some users will be happy with a web-based program since it means that they can make trades from anywhere in the world, as long as they have an internet connection. However, users may be disappointed that they need the internet to do everything – some like mobile platforms to make trades on the go.

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37 Underlying Assets

There are 37 different assets to trade in, including the stock market and commodities. This offers a variety of options around Europe, Asia and the USA. 37 is a good number for beginner and intermediate traders but this is not as many as some other companies for binary options trading. Those who are more ambitious may want to look at other programs that offer 50+ underlying assets.

Relatively High Minimum Deposit

The minimum deposit is $200. This can be relatively high for a binary options trading site, especially for beginners. There is no demo account to try first, which will limit the amount beginners can try on the site to make their money. However, the payment return is 81% when a right decision is made.

Different Types of Payments

There are different ways of depositing money into your account and withdrawing it afterwards. This helps to offer something that all will need. Some of the options are Money Bookers, Wire Transfer and Western Union. Some of these will incur a charge, which is something that the website will detail before you choose the option.

Different Assets that are Known

There are many different underlying assets to choose from, including stocks and commodities. These have all been heard of and include companies such as Coca Cola, Microsoft and Nike. The commodities include gold, silver and sugar.

Option Bit is just one option available for those looking into trading. There is a $200 minimum deposit but that doesn’t mean that you have to put all that money on a trade. You can choose the amount that you trade and there is help for beginners and experienced users.

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