OptionBit Binary Option Bonuses

BinaryOptionsNow | Published on August 24, 2011 at 9:40 am

AnyOption review

BinaryOptionsNow – Finding the right option brokerage for you can be tricky at times, due to the intense competitiveness of the binary options market and the plethora of option brokers out there. An option trader has plenty of choices, true, but sometimes, help is needed in making the distinctions between the various option brokers to choose from.

One way to make the distinction is to look at bonuses paid out by an option brokerage and see if they provide an incentive to sign up an account and start binary options trading. Bonuses can make or break a deal, since they basically amount to free money for a dedicated option trader.

This article will take a look at OptionBit.com and evaluate its binary options bonuses: How much they are, how you qualify, and what requirements there are for withdrawing them.

Bonuses at OptionBit

OptionBit is an option brokerage that uses the Tradologic trading platform to trade commodities, currencies, indices, and stocks. Founded in 2010, they advertise themselves as being the only platform online today that offers Digital, Touch, and Range binary options for trade. Advertised payout rates range from 65% to 81%.

The main bonus is a percentage-based cash bonus credited to a new user’s trading account, similar to many other option brokers out there. An option trader can receive up to $500 in cash for joining. Additionally, a person who places a first deposit can receive 30% of that deposit amount, up to $1,500.

How does this stack up with other binary option websites out there? Many offer similar bonuses, such as a percentage-based amount relative to an initial deposit. They typically range from 10% to 30%, so OptionBit’s offer is at the higher end of the percentage-based bonuses out there.

There is not a lot of information out there about bonuses for existing customers, which is a drawback to those looking to find more about what bonuses are available once you register and trade.

Qualification Guidelines

It appears that in order to qualify for the bonus, you must register for an account successfully and have to make a deposit with real currency into your trading account. Currently, you must be over 18 years of age to register an account. That appears to be it, though; once you sign up, you can deposit money, begin binary options trading, and earn your bonus if you meet the requirements.

Requirements for Withdrawing the Bonus

Virtually every binary options website out there has requirements that must be fulfilled before you can withdraw a bonus. This is to prevent people from creating multiple accounts, claiming a bonus, and withdrawing without trading anything (which costs the broker money).

According to the company’s official policy, OptionBit requires that a trader meet certain obligations before the credit can be withdrawn. Specifically, the trader must trade a volume of at least 10 times the initial deposit amount, which $100 per transaction. There may also be minimum time limits and deposit amounts applied after the fact.

OptionBit has nice bonuses for joining, and its requirements are reasonable and comparable to other websites. Still, it is always preferable to find bonuses once you have joined and been trading with the broker.

 

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