Optionbit – Mobile Trading App Review

Brand Optionbit.com
Mobile OS App iOS App Store Android Google Play
Web Access Optionbit.com
Types of Options
  • Digital
  • Turbo
Banking Features Yes
Open Trades/Portfolio Yes
Balance Check Yes

 

Optionbit.com mobile trading app is a fancy light weight application for trading binary options from smartphones and mobile devices. The application can be installed from the iTunes App Store or Google Play, by searching for Optionbit, or alternatively just click on any of the links above in the summary table.

Existing traders can login directly to the app as well as new binary options traders can create an account from the App. Registering a new account from within the Optionbit mobile trading app is quick and simple and you are automatically logged in after successful registration. The trading interface with Optionbit’s mobile trading app is nothing fancy to talk about but is a perfect binary options mobile trading companion, if you can ignore the bells and whistles.

Primarily, there are just two types of binary options one could trade with Optionbit’s mobile trading app, which is Digital or Turbo. The choice of binary options available to trade via the trading app is limited, in comparison to the many other types of binary options available from the Optionbit.com trading website.

This lack of choice of trading products might be a put off for some traders, but for those who like to trade these options will find the rest of their trading experience with Optionbit’s mobile app quite easy.

Optionbit Mobile Trading – Features we like

Navigation: The app navigation is intuitive and it is easy to access the various sections of the binary options mobile trading App. Traders will find that switching between assets/Instruments is also a breeze due to the well structured approach. The assets/instruments are classified into their main categories and are always visible on top of the trading screen besides the time to expiry and the amount invested in that particular option.

Favorites: The favorites section is a great introduction to Optionbit’s mobile trading app. Traders can simply tap the ‘Star’ next to the asset/instrument of their choice to add them to the ‘Favorites’ tab, this way there is no longer the need to tap across an asset/instrument and then scroll down or up to the instrument of your choice.

Charting: The charting on Optionbit’s mobile trading app is very basic, but does have the two vertical lines depicting the time the option closes and the expiration time besides the line chart depicting price action.

Trading: Navigating between one asset/instrument to another is as simple as sliding the instrument’s name on the top of the trading screen. This is however limited to the main asset class only. For example, if your main asset/instrument class selected was ‘Currencies’ then navigation is limited to only within the currency instruments. Binarymobs.com would recommend traders to first add the instruments they frequently trade to the ‘Favorites’ section to make navigation a lot simpler.

Deposits: Depositing funds directly from the Optionbit mobile trading app is simple, although limited only to Credit Card deposits.

Open/Closed Trades: Open trades and closed trades history makes it easy for traders to quickly reference their open positions and previously expired options.

Executing Trades: Trade execution is very simple with Optionbit’s mobile trading app. Traders simply select the direction, enter the amount they wish to trade for the contract and the trade is executed. This is a feature, which we think benefits those traders who are used to trade the Turbo or short term expiring binary options.

Optionbit Mobile Trading App – Features that are lacking

Charting: The charting section isn’t great to write home about. At different times, it took longer than usual for the chart to load, which can be a bit of a concern for some traders.

Interface: The interface works only in ‘Portrait’ mode, which tablet users might find it to be annoying.

Binarymobs.com – Optionbit Mobile App Review

Binarymobs.com concludes the Optionbit.com binary options mobile trading app to be simple, easy and effective. For those who aren’t much into the visual mobile trading experience will find the Optionbit trading app to be a mobile work horse. Sure, the types of binary options available to trade are limited to just Digital and Turbo, but for those familiar with these type of binary options will notice that the entire process, from selecting an instrument to placing your trade, and even making a deposit via the Optionbit.com mobile trading app is very simple and easy.

The app itself is very light weight and is responsive. While the charting functionality isn’t extraordinary to write home about, the chart does have the basic requirements such as the price, time and the time to expiry indicator, which we believe is more than enough for basic binary options trading.

Optionbit.com is based in Cyprus and has been offering binary options trading since 2010. The company is regulated by CySec and offers a wide range of tradable instruments along with a good choice of deposit bonuses that traders can claim.

Click here to register your account with Optionbit.com

Trading on the go with binary options for mobile devices