The cheapest binary options broker online is Option Bit. The platform is very extensive and uses three kinds of binary options and special feature. The Tradologic platform is one of a kind in binary options that gives traders high chance of profitability. Binary options traders can start trading with the minimum amount of $10. This makes Option Bit a very famous broker for inexperience traders and for those who’s still learning the binary options trading. They have demos for newbie who wants to learn the depth of binary options but don’t want to lose so much investment without good knowledge.
With a minimum initial deposit of $200, traders can start trading and customize their own binary options. They can choose in the vast asset list which includes 30 items including six commodities (Coffee, Copper, Crude Oil, Gold, Silver and Sugar), eleven currency pairs, five indices and ten major companies listed on the stock market. Options profitability goes from 75% to 81%. It is very descent deal among any other binary options broker. The only downside is that Option Bit doesn’t have an option refund if trading is unsuccessful.
There are three types of options in Option Bit. First, is the Digital option (Up or down option). This type of option is the simplest among the three options. Traders just need to determine if the price of an asset will go up or down at a predetermined price by the time of expiration. The second is the Touch Option. Traders need to determine if the asset will touch the strike price before the time of expiration. And last but not the least is the Range option. Range is a type of binary option where traders predict if an asset will expire within a predetermined range. Based on tunnel trading, range options are currently available only on Option Bit.
There are two special features offered by Option Bit. The extent and Close options give traders more chances for higher profit. Extent options allow the traders to extend the expiration time of a certain option but will cost the trader a 5% to 50% of his initial investment. The Close options will allow the player to close the option regardless if the money falls in or out. If the trade is out of the money, traders will get 0% to 80% of his initial investment depending on the asset or options. If the trade is in the money, traders will profit 30% of the initial investment.
Option Bit has a very secure and user friendly flat form. For payment methods, it accepts credit card, debit card (just VISA and Master card), Wire transfer and Western Union. Trading currencies are available in US dollar, Euro and Sterling Pounds. The platform is available in eleven languages, namely, Arabic, English, French, German, Italian, Japanese, Korean, Portuguese, Spanish, Turkish and Romanian.
Overall, Option Bit binary broker is one of the leading binary options brokers online, with its easy to use platform, special features options and cheapest cost in trading, it surely won the attention of inexperienced and most of the binary options traders.
Here are some summarized details about Option Bit:
Minimum investment: 200 USD
Options profitability: from 75% to 81%
Option refund if out of the money: 0%
Can trade: Forex, Indices, Stocks, and Commodities
Traders from USA: Allowed
Platform: Tradologic Platform