While anyotion continues to dominate the binary options trading market, we see OptionBit as a close runner-up. Optionbit has an exceptional trading environment where anyone can trade binary options in a simple, smart way. Optionbit's powerful option trading platform was designed with the trader in-mind. Its transparency and ease-of-use allow the investor to focus on the actual trading instead of being concerned with platform operations. The Optionbit platform is also feature-rich. It contains powerful algorithmic engines to give traders unique money management features and predictive charting analysis not found on other trading platforms. OptionBit is currently the only binary option broker that offers three types of binary options to trade. The investor may choose to trade using the Touch option, the Above-Below option or the Range option. In addition, the Optionbit platform also has unique money management tools like Close and Extend, which give traders the ability to close their options before the time of expiration or automatically extend the time of expiration after buying the option. The optionbit trading platform can be accessed from anywhere in the world, 24 hours a day, 6 days a week. To insure that every client has the highest quality trading experience, the Optionbit platform is supported by a team of quality customer service professionals who are available to assist clients during every trading hour of the day.
Unique OptionBit Features
To make trading more flexible and exciting, OptionBit offers traders two unique trading room features: Close Now and Extend.
Close Now- This unique feature gives traders the ability to sell their options before the time of expiration. This helps traders manage their money and gives them the opportunity to close an option before the time of expiration if it isn’t performing as they planned.
Extend- Extend (Roll Over) enables traders to extend the time of expiration in order to increase their odds of being in-the-money. For example, if a trader purchased an option that is not performing as they expected, they can extend the time of expiration and give themselves the opportunity to be in-the-money by paying a flat one time fee.
Benefits of Binary Option Trading
When compared to more traditional options trading or other investment vehicles, binary option trading offers some unique benefits. Firstly, it is simple to understand and use. Secondly, the potential to gain upwards of 70 to 85% profits on a trade within a short span of time (time to option expiration can be as short as one hour). Thirdly, the risk-to-reward tradeoffs are simple to calculate and the return on initial investment is fixed. (and hence, binary options are sometimes called Fixed Return Options, FROs). From the onset, the amount of potential profit or loss is known. This means that a trader will never lose more than they expected and can calculate their risk as perfectly as possible and that there is a cap on how much can be earned or lost in a single trade. Furthermore, there are no commissions associated with trading binary options.
Optionbit Payout Structure
In comparison to other types of day trading, where your profits are determined according to the delta between the price you bought the asset and the price you sell it at, binary options do not require more than one pip in order to be in-the-money. Forex trading and other forms of online trading, for instance, require that you have three pips just to start trading. Optionbit also offers some of the highest payouts in the industry. Regardless of the asset that you may want to trade, the profit for an in-the-money binary option is as high as 81% using the optionbit platform.
Trading Assets
The Optionbit trading platform currently supports trading assets on four different markets. Depending on the available trading hours for each market, optionbit allows investors to trade assets in commodities, currencies, indices and stocks. A list of assets currently available for trading are provided below: