Optionbit review binary option broker with free demo accounts
You will be able to activate and use the trading tools starting five minutes after entering the trade and until 10 minutes before expiry.
This broker also offers mobile apps compatible with Android and iOS platforms to enable trading on the go.
All the platforms are web-based and there is no need for any download or installation for trading. Your money is safe with this broker as it uses the bit SSL security system Secure Socket Layer to protect your funds.
OptionBit offers a dedicated training program to help traders trade successfully. You can opt for training over live chat or phone as per your convenience. The training sessions are 1-on-1, conducted between the trader and the market analyst assigned to his account.
OptionBit offers the following trade types: OptionBit is one of the top 20 Binary Options Brokers products. It's important to keep in mind that hardly any service in the Binary Options Brokers category is an ideal solution able to match all the goals of various investors. It may be a good idea to read a few OptionBit reviews first as some solutions can actually dominate exclusively in a specific geography or situation or be created with a very specific customer in mind. Others can work with an idea of being simple and intuitive and therefore lack complex functionalities desired by more experienced users.
There are also services that focus on a broad group of customers and give you a rich feature toolbox, however that usually comes at a higher cost of such a service. Make sure you're aware of your needs so that you pick a service that provides exactly the elements you search for. The data is then presented in an easy to digest form showing how many people had positive and negative experience with OptionBit. There are also other bonus offers and daily rewards.
Plus, traders get a chance to be included in the VIP program which offers free, unlimited personal training with an expert, fast withdrawals, bonuses, and free daily market updates. As OptionBit is based in Cyprus it confirms to the requirements and regulations stipulated by the Cyprus Securities and Exchange Commission. This broker has been focusing on improving the quality of its service to expand its foothold in the binary options trading market.
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Please insert your email address below. A verification email has been sent to the address you provided. This is useful both for the novice trader, but also for more experienced users looking to ensure they are trading with the best provider. It is of course, possible to have accounts with different brokers to ensure the best payouts on specific assets and trades.
The idea behind most demo accounts is that you see the results of your simulated trading activity reflected in your virtual balance. Likewise, if the live account features a returns slider, that slider should work in exactly the same way on the demo as on the real thing. As a novice in this area, you may be weighing up binary options alongside other forms of trading. As well as reading around the subject, signing up to no-deposit binary options demo accounts can be a useful method of hands-on research.
Binary options demo accounts provide a risk-free environment to explore new areas. From indices through to commodities and individual shares, the demo should ideally provide access to all assets available on the live version, giving you scope to experiment. Some brokers provide access to a wealth of educational and instructional resources — suitable for novices and more experienced traders alike.
A range of brokers focus on user education, featuring an introduction programme, a range of seminars and various guides. Likewise, if you are still honing a strategy, a demo account can be invaluable for putting it to the test. IQ Option will even allow you to back test trading strategies on the demo account or even test robots in real time.
Many platform providers claim to be able to keep you in the loop — where ever you are. An alerts system can certainly be invaluable in keeping you up to date with changing market conditions and informing you of new opportunities. So the demo account lets you see just how useful such a service really is — as well as allowing you to test out the mobile-friendliness of the platform.
A growing segment of the demo account picture is for the full trading app experience to be available via a demo account app. The brokers who have taken the time to make this available, are more likely than not to have the better trading platforms — after all, they have gone to the extra effort of making sure as many people as possible see it. Given the benefits of a demo account, it might be worth paying a deposit, particularly if it is a brand you want to check out — but tread carefully.
In some cases, the initial deposit can trigger a bonus, which may impact withdrawal limits. In most cases, a demo account will not require a deposit. The broker should have enough faith in their platform that you will not look anywhere else after trying theirs. Those that impose restrictions such as needing a deposit, or large amounts of sign up information perhaps do not have as much confidence in their offering.
Some brokers will promote competitions and contests among their demo users. These contests come in many guises but often carry real money rewards — another step in hoping traders make the move to real money. These contests are just another marketing tool for the broker, but offer traders a good incentive to stay active.