OptionBit-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

OptionBit is a binary options operator that is owned by Global View International Services Ltd which is incorporated in St. Vincent and the Grenadines. OptionBit trades currencies, commodities including gold and silver, stocks and indices. However, there is zero evidence that OptionBit is subject to any regulation.

Market Instruments

OptionBit offers its clients forex currency pairs, commodities, gold, silver, stocks and indices.

Minimum Deposit

There are three trading accounts to choose from. The Mini account can be opened with a deposit of $250, and the Standard account has a $1000 minimum deposit. Anyone with $10,000 can open a VIP account.

Trading Platform Available

The OptionBit trading platform, based on the modern technology of TradoLogic, is simple. They recently added the Trader Insight tool to the platform. Like most new Binary Options Brokers platforms, OptionBit platform is 100% web based (available on 10 different languages) and does not require any software to be downloaded. The mobile version of the OptionBit platform allows traders to trade anywhere, anytime.

Deposit & Withdrawal

Deposits to funds at OptionBit can be made via credit cards, wire transfer and a host of payment plans such as Skrill, Neteller, Webmoney, Qiwi and others. The minimum amount to be deposited is $200; the maximum transaction is $5000. One withdrawal a month is free of charge while any sequential withdrawals carry a $30 fee.