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1Sounds great, where do I get a Binary Option Robot?
  • Name of Robot
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2Open a Binary Option Robot Account
I recommend that serious traders, open a number of different accounts with the different Binary Option Robots, listed. The reason for this is simple: anyone with knowledge of the market understands that you must spread your risk over as wider area as possible, no matter how good the system, if you put all your eggs in one basket, you run the risk of losing everything. Thus, as with everything else, you should spread your risk over a number of Binary Option Robots, to maximise potential profit and prevent loss. Each one of the Binary Option Robot suggested in this article, has been rigorously tested, regulated, licenced and approved for the territories listed in the drop-down menu.
3Binary Option Robot – How they work in practise
Binary Option Robot

1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

Binary Option Robot

2. The Binary Option Robot Will Predict the Price Movement

Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

Binary Option Robot

3. Decide on how much you want to Invest

Then you need to decide how much you want to invest in the commodity and when that investment will expire.

Binary Option Robot

4. Collect your Earnings

Finally, you collect your earnings (the good part!)

The idea of making money from wherever you are and at the time of your convenience is something many people have desired to do for ages. The internet and the opportunities it comes with have made many people realize their dreams of financial independence and being their own boss. For others, they make money from side jobs but instead of going to a brick and mortar working place, they will only need a computer signal and an internet ready device to start making money. Binary options have been at the front of such money making ventures.

Binary options will allow you to trade in currencies, indices and commodities from wherever you are. To do this, you will need a broker to help you along this modern method of earning money. He will be heavily involved with the facilitation of trades and in the provision of the right signals to enable you to make profits from your investments. One of these brokers is OptionBit.

Trading with OptionBit

Before selecting OptionBit as your preferred broker, there are some things that you need to know about them, how they operate and what you should expect as a trader whether you are a beginner or you are a trader with years of experience.

  • The main trading language at OptionBit is English. However if you are non-speaker of the language the platform is also available in German, Spanish, Japanese, Italian, Russian, Arabic, Portuguese and Svenska. The program extends a 24 hour customer support in these languages.
  • Unlike many good binary options brokers, OptionBit welcomes traders from the United States. Its popularity there has soared owing to this factor and the fact that their promises are attainable.
  • Traders can comfortably be expected to make a minimum 65% on trades rising all the way to 80% for the really good trades.

The Platform

That the platform is regulated is one of the best features of this platform. It means that it adheres to a certain code that allows it to handle the financial services for European traders. This is a welcome relief to traders from other parts of the world as well.

OptionBit is quite updated when it comes to the trading platform which is based on the very modern TradoLogic. It is very user friendly and simple to operate. An addition was made not very long ago in the form of a Trader insight tool which has enhanced the user experience to a great deal. Netdania powers a futuristic Advanced Chart section which makes usage even better and more detailed.

Another thing that traders like about this platform is that you do not have to download it to your device to trade. It is purely web based. This enables you to trade from any compatible device by signing into your account. You will be able to do this from anywhere your time zone notwithstanding. This means that even if you are travelling and using a hotel business center, you can always do your trades without downloading the program.

The platform has been upgraded to accommodate new and innovative features that traders will come to love. One of the new features is the fact that you do not have to wait until the end of the expiry period of a trade to call or put it. It is the ‘Close Now’ button. You can trade it long before expiry now with this platform. In the same vein, the ‘Extend Now’ button that allows you to extend a winning trade so that you can make extra profit from the next expiry period of the same trade.

OptionBit has come up with the ‘AutoTrade’ feature that lets you arrange for a longer-term strategy for your trades by reopening winning trades for more profits. Managing your risk is even easier now because the dynamic payout option carried by this platform helps out a lot in this area.

Traders like to be allowed to choose for themselves the kind of trading that they would prefer to use. Very experienced traders will want to make their own analysis before making a trade. Beginners who have no experience in analysis have the option of using the automatic signals that lets the software trade for them automatically. The Algobit software allows for manual or automatic trading depending on the preference of the trader.

Optionbit Platform
Optionbit Platform

Trading Option Types

At Option Bit, you have a choice of 5 trading options. These are:

Digital option: This is the most popular with traders and it is also the most widely known. Here, traders are expected to predict the rise or fall of an asset before the predetermined expiry period comes to an end. The ‘call’ option is where a trader determines before the expiry time that the price of the asset being traded will rise above the rate at which the trade was entered into. The ‘put’ option refers to where you will determine that the price of your chosen asset will have fallen before the expiry of the predetermined time. Using the digital option and you are trading currencies; you will have the choice to use the ‘Extend’ and ‘Close’ trading tools. These are not in use when you trade indices, stocks, and commodities.

One touch option: Unlike the digital option, Touch options are considered special and quite unlike the ordinary. Here, you will make profits only when the price of your asset will surpass a predetermined level or barrier. You stand to lose your entire invested amount in that trade if it fails to hit the barrier. Here you can predict either way. A touch-up refers to when you gain profits by the asset hitting or surpassing the specified barrier on the higher side. You make profits on a Touch-down when the price falls below or equals the specified barrier.

Touch/No touch options: This option is an extension of the one Touch. The difference here is that profits will be made the moment the price will hit the specified barrier. This will be for the traded barrier; either the upper or the lower. The implication here is that the profits can be made before the expiry of the predetermined period. Losses will be made if the price does not reach the predetermined barrier before expiry.

Range options: Here, you will determine a range within which the price of your asset will reach before the expiry of the set period. You will be provided with three different rates: the market rate (the status quo of the asset at the time of trading), a lower rate and a higher rate. An ‘Out-range’ option is when you predict the price to outside the charted upper and lower rates. An ‘In-range’ option is where you predict the price to fall within the set range. This option is usually traded when there are expected changes in prices due to an upcoming event or when there is an instability that causes drastic movements in the prices.

Turbo options: These are quite like the Digital options only that their expiry times are quite short. They range from 1 minute, 2 minutes or 3 minutes. If you are the sort of trader who prefers higher profits to a consistent hit-rate, this is the option for you.

OptionBit Accounts

This broker gives traders the option of selecting one of three great accounts from which they can conduct their trades. Each account will carry its unique promotional goodies and benefits. These accounts are:

Mini Account: This is the basic account where you will be expected to part with $200 as an initial minimum deposit. The moment your account becomes active, you will automatically qualify for a welcome bonus of 30% in addition to an equal amount in loyalty bonuses. With this account, you can expect an eBook on binary options trading and trading with OptionBit brokers. You will be allocated your own analyst who will be your contact person on all matters of trading. You will receive free trading alerts once daily and a market review of everyday, a trading session with your analyst, an account manager as well as training materials like webinars and financial charts. You will be allowed one free monthly withdrawal.

Standard Account: For a minimum $1,000 deposit, the standard account comes with a 50% bonus and a generous 100% bonus for loyalty. You will receive soft copies of digital lessons, market reviews twice daily, one on one trading sessions up to 5 times every day and an account manager. You will receive this in additional to all other benefits that a Mini Account holder gets. You will be allowed one free monthly withdrawal.

VIP Account: $10,000 is the minimum amount in deposit required for this premium account. It is in this account that you will take full advantage of all the offers and benefits that are available to the best traders at OptionBit. You will receive a welcome bonus going up to 75% and a top loyalty bonus of 100%. You will have access to your money in withdrawals twice a month for free, and an unlimited one on one trading sessions. You will have a market expert handling your account personally in addition to all the benefits accruing to Standard Account holders.

Optionbit trading
Optionbit trading

OptionBit Trading Assets

Good binary options brokers have a wide variety of assets that traders can make money from. OptionBit happens to be one of the best in terms of variety for their clients. Here are some of the assets you can trade in with this broker:

  • Currencies: EUR/GBP, AUD/USD, NZD/USD, USD/JPY, USD/RUB, EUR/JPY, GBP/JPY, USD/CAD, USD/NOK, EUR/USD, GBP/USD, USD/SEK and USD/CHF,
  • Commodities: Crude Oil, Silver, Gold.
  • Indices: FTSE 100 Futures, NASDAQ Futures, AEX-25, DAX Futures, BOVESPA, S&P Futures, TOPIX 500, Nikkei 225, BEL-20, CAC Futures, SPI 200 Futures.
  • Stocks: Amazon, Apple, Bayer, Boeing, BMW, Chevron, Coca Cola, Deutsche Telekom, Exxon Mobil. eBay, France Telecom, General Electric, Gazprom, HSBC Holdings, Honda, McDonald’s, Mitsubishi, Microsoft, Morgan Stanley, Renault, Siemens, Telefonica, Total, Vodafone and Vivendi and many more blue chip companies.

Mobile trading

With the phenomenal growth mobile telephony and the widespread use of smartphones, it is only the laggards in the binary options business who will be left behind in creating and continuously upgrading their mobile trading platforms including apps. OptionBit is fully web-based which means that you do not need to download the app on mobile to trade. You will only need to have a compatible browser and a secure internet connection and you are good to go. This allows you to trade wherever and whenever you want to trade from.

Demo account

OptionBit offers its new clients a free demo account to help you understand the operations of the broker’s platform. You will be eligible to gain access to that demo account the moment you register an account. Customer support will be in a position to avail you with the $500 for the demo account. This will be the best opportunity to see and feel how the platform runs and whether your trading preferences agree with those of OptionBit.

If you want help with your   binary options trading ,  start using this free trading software, and let it trade for you behalf. Get it for free by clicking on the picture below.

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Deposits and Withdrawals at OptionBit

The security of your investment is paramount and you will be pleased to know that OptionBit takes this very seriously. This is because integrity is an important thing to clients; clients will avoid brokers who are casual about their investments and their deposit and withdrawal practices. What happens at OptionBit in regards to your finances?

  • Only secure instruments are used to make deposits to your OptionBit account. These include wire transfers, credit cards, WebMoney, Qiwi, Skrill, PayPal, and other secure methods.
  • You minimum deposit is pegged at $200
  • The maximum single transaction should not exceed $5,000
  • There are minimal restrictions on withdrawals whose processing time should not exceed 2 to 3 days according to the broker. Withdrawn amounts will be transferred to your bank accounts as soon as the transaction is verified.
  • You will not be charged any fee for making deposits into your OptionBit account. From your account, you will be allowed one free withdrawal every month. You will however be charged $30 for all withdrawals thereafter.

OptionBit Bonuses

A welcome bonus is offered to all clients. The bonus is also optional for those who prefer to forfeit it. For traders with OptionBit, the amount they will receive as bonuses will depend on the deposit they wish to make. A 30% bonus is offered to traders who make a deposit of $200. Investors who deposit $500 will earn 40% bonus while a 50% bonus will be earned by traders who deposit $1,000.

There are also other bonuses which include daily rewards for deserving traders. Prolific traders will be invited to join the VIP program where there are many more benefits specific to this account.

OptionBit bonuses, like many bonuses from other brokers are not redeemable. These bonuses come with conditions which you must meet as the trader for them to be of any benefit to you. You must reach a certain level of trading to qualify to withdraw the money you earned from the bonus. The implication is that unless you are quite active with the broker, you will not be in a position to withdraw or reinvest your profits accrued from the bonuses. There is a button which will direct you to a window which displays all your bonuses as well as the status of each as per the trading requirements.

OptionBIt Banking
OptionBIt Banking

Education

The question that many beginners have on their minds when they want to venture into binary options trading is whether they will lose all their investments before making any profits. This is a valid worry because it has happened before. What OptionBit has done to quell these fears and any other that traders would have is by creating an education feature in their program. This one will give you all the information you need, or at least enough to go by.

The training program is carried out via phone or live chat depending on the trader’s preference and convenience. The best thing about these trading sessions is that they are one on one; it is just the trader and the analyst handling his account that will be conversing. This gives the trader all the opportunity to ask all the questions s/he may have. This is unlike other brokers who insist on webinars and training videos where there is no room for one on one interaction. The program covers five vital topics which are:

  • A general introduction to financial markets
  • Fundamental Analysis
  • Technical Analysis
  • Vital indicators
  • Trading strategies

The training will go on until the trader is satisfied that he is armed with enough information to start his trading or proceed further if he was already on it. There are also detailed videos that traders can refer from at their own time.

Customer Support

Of the many things that make OptionBit attractive to new and experienced traders is their good customer support. Right from the training program to the actual trading and the deposits and withdrawals aspects, there will always be a representative ready to assist you with any info or assistance that you may be in need of. This support comes in the form of:

  • Online contact forms
  • Live chat
  • Email
  • Phone: This support is available 24 hours a day in all the 9 languages the program comes with.

What Do Traders Say About OptionBit?

Most traders have a favorable opinion of this broker with some having traded with them all their time in binary options trading. There were also good words thrown in about their customer support even for non-English speakers. This client support seems to be missing in most brokerage outfits in the binary options business.

There were also good reports on withdrawals where not much trouble has been experienced by traders who want to cash in their profits. The instruments are safe and varied enough to make everyone make deposits and withdrawals with the necessary security.

The fact that the OptionBit is not downloadable is welcome to many traders. This is because they have the freedom to select from where they want to trade from and from which device. If you register with OptionBit, you will have the advantage of this freedom as well.

The promised accuracy of their signals is good. Though they may not hit the 80% accuracy mark, they are not too far from that. This is a god indication of a good broker. There are others who thrive on getting clients through deceptive advertising and promotions.

OptionBIt
OptionBIt

Conclusion

A licensed broker will always top the shortlists of any serious trader. OptionBit is up there with the best of them because by subjecting their operations to regulation are an indication that they want to make trades above board.

For a program to be of any use to a trader, it has to be user friendly. This is from the dashboard, the platform itself as well as the access to all the useful features. OptionBit has excelled in this as it is very simple to use and straight forward.

The fact that you can actually make good money with this broker is the best testament to a trader. Their support system is also very good for beginners and professional traders as well especially the one on one training and trading.

About OptionBit

OptionBit has been around for quite a while. It was founded in 2009 and it has been trading since then. Founded by former traders in forex and binary options, it has evolved to be one of the leading brokerages in the business. The broker says that his platform is among the most progressive and innovative and that it is the best for beginners and experienced traders alike.

Broker’s name : OptionBit

Address : 60 Regaena Street, 3rd Floor, Nicosia 1010, Cyprus

Support Number: +44 20 3150 0934

Support Types : Live Chat, Phone, Contact Form, E-mail

OptionBit is a licensed financial services provider which is regulated by CySEC (Cyprus Securities and Exchange Commission) License No #224/14.

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Author: Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.