Reviews of binary options broker optionbit

Launched on May , OptionBit was formerly owned by Novox Capital Ltd. Today, it is under new management. The new company is Top Volume Solutions Limited and provides a fake address: The real Gibraltar regulator is Gibraltar Financial Services Commission that strictly warns against engaging with Top Volume Solutions Limited!

The company, Top Volume Solutions, is not regulated by the Cyprus Securities and Exchange Commission CySEC nor the Gibraltar FSC.

This brokerage continues to puzzle us: OptionBit certainly posses a scam threat and if you ask me I would look elsewhere. Both the French and Gibraltar financial authorities have issued warnings against dealing with OptionBit and the new owner, Top Volume Solutions Limited that claims to be regulated in Gibraltar.

Due to this change of management, OptionBit is no longer regulated by CySEC either. Furthermore, since we did the review, the number of complaints on OptionBit has increased regarding withdrawals, price manipulations and more. The FSC says this about Top Volume Solutions: The FSC has received complaints from customers, where they describe having been unable to withdraw funds placed into trading accounts operated by these websites or otherwise experienced difficulties when attempting to obtain monies owed to them.

None of these companies are or were regulated by the FSC, nor licensed under the Financial Services Markets in Financial Instruments Act , to carry on investment business in or from within Gibraltar. The new change of owning company makes things even shadier and makes us trust them even less. Now the brokerage changed hands again and is owned by the previous company Novox Capital Ltd.

So as far as we know, OptionBit was owned by Novox, Capital then by Top Volume Solutions and now by Novox Capital again. As far as web traffic is concerned, OptionBit is having troubles: As a special note, I have to warn against OptionDot optiondot.

I have no idea what type of relation the two websites have, but both are a bad choice if you ask me. Too many doubts regarding this broker. We have at least 3 more brokers available at your location.

OptionBit sucks because they went from being a CySEC regulated broker to an unregulated broker with new ownership. They were acting unfavourably towards their clients even under the CySEC regulation and are now fully unauthorized.

OptionBit is again under the ownership of the previous company and thus regulated by the CySEC. But all this back and forth business covered in uncertainty makes them suck even more. Why did they change from Novox to Top Volume Solutions and then back? Despite a few interesting platform features and decent candlestick charts, they are operating illegally and therefore, there are no good reasons for why you should trade with this broker. OptionBit trades on TradoLogic, and is protected by Godaddy SSL.

OptionBit trading platform is based on the most advanced Binary Options trading systems in the industry, equipped with many efficient tools such as Range, Touch and Digital trade or other In-Trade tools like Close Now and Extend options. OptionBit offers Advanced Charts powered by TradingView. OptionBit offers a variety of VIP accounts each with different services and perks. There are other brokers that offer completely free withdrawals with much smaller deposits and even higher returns!

We recommend you stay away from such an account or better yet, from this brokerage. Not long ago, OptionBit introduced Algobit which is a software that enables you to trade manually or you can let the Algobit follow the signals it produces.

I am not a big fan of robots and software as they usually just blow the account. The AutoTrade is a new feature that makes it easier for you to execute continuous trades in a trending market. This feature uses the winning Martingale system which is actually a good thing since it will only invest the winning sum each time it reopens a new trade.

The trades will stop if a trade results in a loss. Choosing a Binary Options Broker is not easy at all. Much research has to be done and every potential trader has to do his own Cons and Pros list to draw a certain conclusion.

OptionBit still has its disadvantages. But the biggest disadvantages are the serious complaints that have increased and because of the warnings issued by FSC and AMF, we now know which way OptionBit has decided to go — the wrong way. Better to avoid this broker! We are not sure what is considered abusive trading by OptionBit and what are the exact conditions that can get your account closed. However, more has come to our attention as of December There are serious complaints regarding price manipulations where people have recorded evidence of their trades.

A couple Google searches will also lead you to hundreds of further complaints on OptionBit. In many cases the account managers have either placed losing trades or manipulated customers to execute losing trades when they have requested for a withdrawal.

This is a typical technique scam brokers use to avoid paying out. More complaints on OptionBit other than in our own comment section can be found here: On one of the largest forums for complaints and much more forexpeacearmy. We have found too many complaints concerning this broker. Why taking a risk with a shady broker when you can get started with a Trusted Broker Now! The biggest portion of the fine 70, Euro was given for providing investment advice and portfolio management services without having the appropriate authorization.

The CySEC also noted that Novox Capital failed to act fairly and in the best interest of their clients. The Gibraltar Financial Services Commission GFSC warned against doing business with 8 companies, including Top Volume Solutions Ltd, mentioning that the companies are not regulated by the GFSC and that clients have complained of being unable to withdraw their funds. Top Volume Solutions was the owning company of OptionBit at some point in time and although now the brokerage is owned by Novox Capital again , we consider that this warning is worth mentioning.

According to their Accounts page, they now feature a Welcome Bonus and a Loyalty Bonus but no other info is provided here. According to their Terms and Conditions, they do not offer any type of bonuses. At OptionBit, the maximum withdrawal for C. OptionBit claims that a withdrawal should only take 7 business days if all of the required documents are sent and verified. Every account gets one free withdrawal per month. Withdrawals are dilatory and can at times take over a month.

If you are doing well with your trading, expect your withdrawal days to be over.

Only one withdrawal per month is free and VIP account holders now benefit from speedy withdrawals that take working days, not the usual 7. However, given all the problems mentioned so far in this review, we believe that withdrawals may take much longer than that. Another downside is the OptionBit trading tutorial which is unattractive and not easy at all to read.

Site is available in 9 languages. The fastest expiry is 60 seconds as Super Turbo 15 and 30 seconds is not available anymore. The OptionBit support is available via 4 international numbers in the US, UK, France and Spain, by email, call back request international and multi-lingual and the live chat which is extremely effective and answered within very few minutes.

Although they are quick to answer, the live chat is only available from 8: Their Live Chat is not available. I tried to contact them in the middle of a working day GMT time and all I got was a message to email them.

Depositing is only available via credit cars or wire transfer or skrill. Payment is available by credit cards. Webmoney, Yandex and Qiwi. The turnover is not specified anywhere. A good extra feature is the Extend and Close now options, which allows investors to extend or close a trade before the expiry time. The best extra feature, added after the website update is the Advanced Chart feature which allows you to actually conduct technical analysis.

Their newest feature is the AutoTrader and the Algobit software. With Algobit you can trade either manually by following signals that it generates or simply letting the software itself trade for you. There are two new recent features added to the platform.

And finally, Super Turbo; trade within 15, 30 and 45 seconds expiries. Demo account, AlgoBit, Dynamic Payout and Super Turbo. This broker has been rated below average by our members and team.

We found 3 Recommended Brokers for You. Be very careful with this platform. The data is manipulated and the price offered will jump when you enter a trade. Getting money out also slow tedious and short changed. Please be careful about Optionbit. Everything else seems rosy and well done on their platform as you get started not until they start manipulating your strike values.

A closer investigation as to why my strategies were failing, I discovered that OptionBit had targeted my account and started manupulating my strke values.

For example, their strike price for a CALL option was way above the current graph level making it extremely difficult to win any trade using any reasonable strategy. This was really heart breaking for me after having worked so hard and for many hours to build my balance with hopes of a cool wothdrawal. Bewarned, repeated follow-ups with support were met with slothful responses. I believe everyone in that outfit knows what is going on. They want you to loose and keep loosing. Yet they want you to keep funding your account.

They are no different from pirates…reaping other peoples sweat. This is broad daylight robbery. I would really stay away from Optionbit. Am loosing heart about binary trading. TOO many scams its hard to know who is real. Thanks Frank for this website it makes a difference.

Wish i had found it sooner. Think they are scam, read the story above. He is right, they manupulate the entry course for a trade. Initially, I was happy with them except for the noted items in the review I completely agree with. I myself have not paid that much attention to the strike and closing prices that much but started to feel something may be a bit crooked feeling today actually.

Thanks for the HEADS UP guys! Now I will see if I can get my money out! This is very disheartening because I felt like they could have gone places.

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Another rip-off to avoid is VIP BINARY. Same format and they call you all the time trying to get you to invest I lost dollars from these places. I dont think I will seek this way of making money again!! I have questions regarding OptionBit. As a total beginner, it seems simpler. But what are the implications of it not being regulated? Have been trading with Optionbit for 4 weeks now, I am a total newbie.

I consider myself to be a patient person, I was doing well made a profit of pounds so decided to request a withdraw,thats when things changed, it became difficult for me to trade without making every trade a loss.

I feel this person either did not understand me or was being just down right horrible. I explained in detail what was happening but operator was not very nice, I logged off and am hoping I get my money back, as a newbie it was not a nice experience I will be looking elsewhere for another broker.

PS Did not lose any money just found it impossible to trade anymore without every trade being a loss. I registered with different binary brokers, just to see which platform was better. I found Optionbit to be very easy and clear. They day after, my Account Manager called me to I guess walk me trough the process. His name was Nick B. This dude is pushy and arrogant. I did not like him at all. Optionbit was going to be my first choice because of their platform, but thanks to him, and now these comments, Optionbit is definitely out of the question.

I still like their platform tho. Any other brokers with an equal platform like Optionbit? Was anyone able to withdraw their profits from Optionbit? They definitely are a big scam. When I started making a decent profit, they started altering my strike values. I created a different account just to check and it was fine.

Strike values were normal. I talked with support and they said that they have informed the Technical Services Team and asked me to wait, but I know this wont be solved. I made a withdrawal of all my profits. I hope it comes soon.

So was anyone able to withdraw their profits successfully? I started with Optiobit with euros, after reached I started to loose. I spoke to my account manager and he told me to invest euros more and he would teach me then. When I got euros in my account I started to loose, several times for these spreads that most brokers do. I couldnt explain how I was loosing my trades with the price of the currencies being as I predicted before.

Please beginner do not start with OptionBit. Do not make the same mistake as me. They refused withdrawal of my profit and my initial deposit too!! I blamed myself for not doing enough research, It is sicking I tell you; ones you deposit your money into their account you will never get it back!!! I TOTALLY AGREE WITH THE REVIEW FROM OTHER TRADERS. THEIR RATE IS AT LEAST 20 PIPS ABOVE OR BELLOW THE CURRENT PRICE OF THE MARKET REUTER NEEDLESS TO SAY THEY WANT YOU TO LOSE AND WANT YOU TO PUT MORE MONEY AND HARASSING YOU WITH BONUSES.

ITS BEEN OVER A MONTH NOW … I DONT RECOMMEND THIS BROKER FOR ANY TRADER…STAY AWAY FROM THEM. XPMarkets is another scam. Their Terms and Conditions also make it so that you cannot recover your initial deposit without reaching 10x that amount in your account. I filed a credit card dispute to recover my deposit, but I will never be able to recover my profits, and neither will you.

Stay away from XPMarkets, and beware of brokers on the Tradologic platform — that seems to be what all these brokers have in common. Hello, I am a beginner.

I want to know something about optionbit. What is an Optionbit? Why does optionbit provide us a lot of money? How does Optionbit make money for us? How can I withdraw money from Optionbit? Can I become a loser? Please tell all the questions above. All People here write, that Optionbit is scam but I got all my Money back to my Bank Account and now I am in 24option. I have an account with OptionBit and on two separate occassions witnessed that I was in the money at the expiration and even indicated by their system the profit, but the profit was never credited to my account.

When I checked the my trades column it indicated the trade as a lost. I emailed OptionBit Support and requested and explanation and credit of the profit but never received a reply from them.

I am very disappointed in OptionBit and will find another broker. I was almost ready to make my first deposit with OptioBit but now I cancel my decision.

Platform is good and when the assets are available, I have no problems with execution. What really gets me is assets not being available to trade when I want to. Support tell me the market is too volatile when the market is really going sideways in a tight range.

Your reviews helped me a lot. I nearly stepped into the black hole. However, never open an account with topoption either. Even though they say that they are regulated, they are nothing but bunch of scams. My first 10 trades were successful with them making over hundred in 60sec trades.

For first 10 trades it was all fine. So I have won 10 out of Then suddenly I see two different pricing. My etx capital account shows one price and their platform shows another. After that incident I was looking for a different broker so landed here. After many researches on YouTube and Google. Thanks to you guys. You guys have saved me.

That totally happened to me a number of times, too! Please try again later. But I want to trade…NOW! All I know is that trading on OptionBit can be very frustrating! I opened an account with Option Bit a couple of years ago. He then informed me that they no longer do business in the USA. He was finally able to get into my account I was told to click on cashier to request a withdrawal and close the account.

When I clicked on cashier it logs me out of my account. Also they never informed me that they were no longer doing business in the US. BEWARE OF OPTION BIT AS THEY ARE VERY DECEIVING!!!!! I listened to the pitch by Marc Williams and almost fell for it. Let this jerk have it fellas, start filling his e-mail with thank yous, if you know what I mean! Marc Williams, you dirty piece of crap! I sent more than 7 seven reminder emails and had three tel calls.

Binary options broker Optionbit is a PURE SCAM that changes prices at the last moment!

Never a reply to any of my emails, neither confirmations. I finally received my funds because of complaint to my visa card who blocked the transaction. After 2 weeks very success trading, my account balance was AUD, and the turnover I have traded fulfilled the requirement for withdraw fund.

I have submitted a withdrawal request for AUD, but they decided to close my trading account and transferred They told me that I have used abusive trading patterns, so they took almost AUD from my account. I have never used abusive trading patterns never use any kind of robots, trading systems as they told me. I have sent them emails to give me proof of using abusive trading patterns, but they never reply to me.

Please help me to get my money back from them Thank you Nguyen. From my personal experience, I really enjoy to work with this company and I receive my profit every time. NGUYEN, OptionBit discovered that you were abusing the system. You at first invested AUD and made a substantial profit. Afterwards you decided to misuse and abuse OptionBit.

As it mentions in terms and conditions you yourself signed, OptionBit is allowed to suspend and close your account anytime needed if there is fact suspicious and abusive activity. Instead of closing your account completely, OptionBit gave you your honest winnings — OptionBit will be glad to hear your apology and will forgive you for calling it a fraud.

As I mentioned many times via email, I have never abusing the system, I have traded manually no any robots, systems…. The money I have made on the account is my hard earned money, not easy at all! You — Optionbit — should apology for the bad behaviour not me and send me the AUD you have decided to take.

I see that you have another front desk. Wants to hang up because you have stolen my money. It has been over a year since I requested my money. You advertise 48 hrs to send.

I have requested every day since August Now you have another answering because of your lies. I want my money that you have said you sent three times last month. I asked for a withdrawal after them manipulating me into getting my credit card dtails off me over the phone and traded my money on one trade without my permission.

They tricked me when I asked for a withdrawal and our credit card money back as we said we cannot afford to lose it. They said we will give you a couple of free trades first before you withdraw so you can withdraw with a profit.

I had no idea what was going on. He said you did it with your own hand. It was just devastating and we are still trying to get through it as we have to pay the bank now back and are in our 70 age group. They are legal crooks and I intend doing something about it to expose them for what they have done to us. Hello dear, Unfortunately, this is a too common problem and a lot of our readers are in your situation. Brokerages have to ask for IDs due to Anti-Money Laundering AML procedures.

If you feel you are dealing with scammers, obviously do not send them IDs. Send them a link to this page. Here are some of the regulatory bodies across the globe. Hi there did you have any luck getting your money back? Who was the broker you were dealing with? One of the WORST trader is OptionBit.

Please do not fall in there trap. All your read good about them is there own people posting around. They have all way of ensuring that you loose your trade and will also ensure that they drain what ever you saved for your personal life. Be careful with OPTIONBIT. Warning — Possible Spam. I have been seeing solid return from them every single month. I had an issue one time with the pricing, but for the most part the price differene ussually helps me on my trades.

My account manager Scott reed, couldnt be happier with him. He has tought me how to understand the markets, i have told him i wanted to quit driving but he is against it.

I seriously dont know why other people claim they are having issues. All i can reccomend is not to trade alone if you dont know what your doing because that how i lost one time until the analyst bateman really started helping me trade.

Optionbit UK London based representative called after I made an original deposit of euros, a optionbit called Eduard Green recommanded to take some live trades over the phone, and I did so following his recommandations, within 10 minutes managed to have 12 winners and 2 lost trades. Very good results in deed, than Mr. Green suggested to invest more and I was willing to do so in an additional amount of euros, while transfering me to the finance Dept. A few minutes later realized that instead of the euros originally agreed Mr.

Inwas not happy and refused tonsign the deposit sheet required for the transaction explaining why. Never the less and without my conscent and without a signed deposit sheet optionbit took the money. I never accepted such bonus as it was clearly stated on the first email exchanges.

A REAL NIGHTMARE started please help if you can recommand a way out of such criminal behavior. I you wish to have peace stay away from optionbit and Mr Eduard Green. Any suggestion would be more than welcome Thanks, Claude. Hi, I just scam to fund my account and made some positive trade. After reading all comments, I am thinking to withdraw all my money. Anyone can advise me how can withdraw all my money without them delaying or not getting payments from them.

Hi all, Adding to the above. A few successful trades and all looked rosy until I started to lose. My account then seemed to increase again and trading then I noticed that the strike rate was being manipulated by up to points some times and every trade was a loser. That didnt happen and today The server is down and you cant contact anyone.

I have lodged a complaint with the financial ombudsman in Cypres to try and get my money back. During a phone call that day I was told I could deposit more into my account.

Now I have the Rrecovery team wanting me to put more money into my account to recover lost trades. Thats not happening at all. Ive cancelled all my cards. Hi, I recently became a member of this Binary trading company INSURED OUTCOME, their preferred broker is OPTION BIT.

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I wrote Insured Outcome and the email was returned by the email postmaster saying…. OptionBit told me that is all the contact information they have for InsuredOutcome. OptionBit then suspended my account until I get in touch with InsuredOutcome. In the InsuredOutcome advertisement boasts were made about never losing a single trade…well with them I lost 12 out of 12 trades. I am still desperately trying to get in touch with InsuredOutcome. Maybe one of all these gurus who send tons of InsuredOutcome advertisement to people all over the world can help me make contact.

He requests a top up to 5K which I am not willing. He convinces me he is the best. I follow instruction without thinking much and lost the 5K in a single session of 5 trade. My 2 cents to those who considering OptionBit, They do whatever to hold your money, best case is u lose, then the House can officially win your money.

Remember these manager are just SALES MAN that earn commissions for living, perhaps even a bonus if client lose all fund to the House. If they such skillful as they praise themselves in phone, they could probably millionaire already and not even give you a fxxx, or trading for big institution, Not by calling you wanted to teach you trading, holding your money, ask you deposit more money etc.

Insist your NO with whatever ridiculous reason till the end, Your withdrawal will be safe. As what I did.

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Quote from a professional Baccarat player, the house broker hates you, they are NOT your friends. They treat you as VIP just because they hate you. They are not happy to see you win, any single dollar that you put on that table, they would say: I think I have been conned. Can anyone teach me how? Then ask higher deposit on the grounds that they have a particular kind opportunity capital protected packages that you can not lose under any circumstances etc … , you have gained confidence from the previous losers trade and do everything to find the money.

Just send more money, they make you talk to a new analyst who will suggest new trade, usually this analysis speaks another language. Optionbit included in the blacklist, if anyone has had this problem or has come into contact please. They take your money before telling of all the tricks they have to make it impossible to withdraw funds. They want so many of your details that they could do anything with your card details, none of this is mentioned before you pay them.

Option bit, just like the old Boiler roo. Once you sign up they harass you with phone calls constantly at all hours one night I had 15 missed calls. Do not sign up to optionbit or copy buffet software! Hi Jodee, Are you using creadi card for you deposit, if is a creadi card, please go to your bank ask do a charge back!!!

Is a process of rechargeback the amount and get your deposit back. Makes a few trades which are all successful. I decide against it. Manager becomes rude and starts questioning my financial skills etc.

In the afternoon,I start losing all my trades. This time,makes 10 trades all which are successful. Account manager keeps bugging for more money.

After I came here and read the comments,I decided to stop dealing with them. They are definitely rude- I believe all clients should be treated in the same way regardless of amount deposited. Stay away from Optionbit, my story mirrors many of the others who have gotten cheated. Wow am i stupid. I read all riveding reviews, YT videos and all that. After i spoke to the dude on the phone, i now no longer have access to my account anymore so I locked my creditcard.

OptionBit

And hopefully i will get my money back. Well my bank will not allow me to deposit money into binary option sites and after reading a few complaints I will be thanking them the next time I go in there.

Well I was even more stupid. Obviously teaching me a lesson.. Avoid Patrick and Chris. Hi Mike Sorry to be a bearer of bad news but I am feeling quite depressed today. I guess that could take many months , even years to achieve. I would always suggest there are much better investment options, even in Australia, that provide higher rather than large negative returns in the medium-long term. OptionBit was a real disappointment.

By 21 June ,with consistent daily trading, my portfolio was standing at USD. On 22 June , I had grown the portfolio to USD. These are all actual figures from my account. On the morning of 23 June, I entered small trades, and by the end of the day my account was virtually wiped out balance at USD.

I later found that OptionBit had tracked my trading and activated an trading manipulator which resulted in my losses. I personally tested this by closely recording my trade values and found they did not match the values entered by the OptionBit system when I placed the trade. Obviously I was set up to loose. I do believe that Binary Options Trading works, the difficulty is in finding an honest trading company.

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