OPTION BIT RATING REVIEW
OptionBit Rating & Review Performance
Here is OptionBit rating per individual factor
| OPTION BIT PERFORMANCE | ||
| Binary Broker Trading Performance | ||
| ACHIEVED | % | |
| OptionBit Total Rating | 82.90% | |
| 1.OptionBit Company Reliability | 20.00% | 80.0% |
| 2.OptionBit Competition | 33.00% | 82.5% |
| 2.1 OptionBit Payout Rate | 24.00% | 80.0% |
| 3.OptionBit Trading-Options | 19.90% | 79.6% |
| 3.1 OptionBit Variety of Assets | 13.90% | 77.2% |
| 4.OptionBit Technology | 10.00% | 100.0% |
| 4.1 OptionBit Trading Features | 7.00% | 100.0% |
OptionBit Rating Analysis
Here is OptionBit Full Rating Analysis
| OPTION BIT -RATING ANALYSIS | OPTION BIT BROKER DATA | ||||
| MAX RATING | 100.0% | 82.90% | OPTION BIT ANALYSIS | ||
| 1. BINARY BROKER RELIABILITY | 25.00% | FACTOR-1 ANALYSIS | CALCULATION METHOD | 20.00% | OptionBit Credibility Analysis |
| 1.1 OptionBit Headquarters Base | 10.00% | General Offshore = 0.0%, British Virginia Islands = 3.0%, Cyprus = 6.0%, Ireland, Australia = 8%, USA, UK, Germany, France, Switzerland = 10.0% | Selection | 6.00% | OptionBit Home Base is in Cyprus = 6.0% |
| 1.2 OptionBit Years in the Market | 8.00% | 0-1 Years = 0.0%, 1-3 Years = 4.0%, 3-5 Years = 6.0%, 5+ Years = 8.0% | Selection | 6.00% | OptionBit was found in 2010, 3-6 years = 6.0% |
| 1.3 OptionBit Platform Security (Encryption) | 4.00% | Platform SSL Encryption 128 bit = 3.0%, 256 bit = 4.0%, No SSL Encryption = 0% | Selection | 3.00% | OptionBit Offers 128 bit SSL security encryption = 3.0% |
| 1.4 OptionBit Customer Service Quality | 3.00% | 24/7 = +1.0%, 24/6 = +0.5%, 24/5 = 0%, eMail = +1.0%, Phone = +1.0%. Live Chat = +1.0%, Skype = +1.0% | Accumulation | 3.00% | OptionBit provides 24/7=0%, Phone=1%, Live Chat=1%, Total = 3.0% |
| (+) Adjustments:-Note that Factor-1 max rating = 25.0% | |||||
| 1.5 OptionBit Level of Regulation | (+5% max) | FSC (BVI) = +1.0%, CYSEC = +3.0%, CBI = +4.0%, ASIC = +4.0%, BaFIN = +5.0%, FSA (UK) = +5.0%, FINMA = +5.0% | Adjustment | 0.00% | OptionBit is not yet Regulated |
| 1.6 US Traders | (+2% max) | Yes = +2.0% or No = +0% | Adjustment | 2.00% | OptionBit welcomes US clients = +2.0% |
| 2. OPTION BIT BROKERAGE COMPETITION | 40.00% | FACTOR-2 ANALYSIS | 33.00% | OptionBit Competition Analysis | |
| 2.1 OptionBit Deposit Bonus | 8.00% | Bonus > 40% = 8.0%, >35% = 7.5%, >30% = 7.0%, >25% = 6.0%, >20% = 5.0%, >15% = 3.0%, >10% = 2.0% | Selection | 8.00% | OptionBit Offers Bonus up to 50% = 8.0% |
| 2.2 OptionBit Commissions on Deposits / First Month Withdrawal | 2.00% | Yes = 0 or No = 2.0%, One Free Withdrawal per month = 1.0% | Selection | 1.00% | 1 Free Withdrawal monthly by OptionBit = +1.0% |
| OptionBit Payout Rate | |||||
| 2.3 Max Payout Rate | 20.00% | Max Payout Rating = (Max Payout Rate) x 2} / 10 | Actual | 16.20% | OptionBit Max Payout Rate is 81% = Rating % |
| 2.4 Average Payout Rate | 10.00% | Average Payout Rating = (Average Payout Rate) / 10 | Actual | 7.80% | OptionBit Average Payout Rate is 78% = Rating 7.8% |
| (+) Adjustment: -Note that {2.3 + 2.4} max rating = 30.0% | Adjustment | ||||
| 2.5 OptionBit Refund Rate | (+5% max) | For Refund 15% = +5%, Refund 10% = +3.0% and Refund 5% = +1.5% | Adjustment | 0.00% | OptionBit Refund Rate is 0% = Rating 0% |
| 3. OPTION BIT TRADING OPTIONS | 25.00% | FACTOR-3 ANALYSIS | 19.90% | OptionBit Trading Analysis | |
| Asset Index {max rating=18%} | |||||
| 3.1 OptionBit Forex Currencies | 4.00% | (Number of Currencies / 10) %, max=40 Currencies | Selection | 1.30% | OptionBit offers 13 Forex Currencies = 1.3% |
| 3.2 OptionBit World Stocks | 4.00% | (Number of Stocks / 10) %, max=40 Stocks | Selection | 4.00% | OptionBit offers 40 Stocks = 4.0% |
| 3.3 OptionBit World Indices | 4.00% | (Number of Indices / 5) %, max=20 indices | Selection | 2.60% | OptionBit offers 10 Indices = 2.6% |
| 3.4 OptionBit Gold / Metal Trading | 3.00% | Gold Trading = 2.0%, any other Metal = +1.0% | Accumulation | 3.00% | OptionBit Offers Gold Trading = 2%, Silver and Copper Trading = 1%, Total = 3.0% |
| 3,5 OptionBit Oil Trading | 1.50% | Oil Trading Available Yes = 1.5%, No = 0% | Selection | 1.50% | OptionBit Offers Oil Trading = 1.5% |
| 3.6 OptionBit Commodities Trading | 1.50% | Commodity Trading Available {Sugar, Wheat etc} = 1.5%, No = 0% | Selection | 0.00% | OptionBit Offers only Metals and Energy = 0.0% |
| (+) Adjustment: | |||||
| 3.7 Trading Index Variety Points | (+3.0) | If Trading more than 50 assets = +1.5% and if more than 100 assets = +3.0% | Selection | 1.50% | OptionBit offers more than 50 trading assets = 1.5% |
| More OptionBit Trading Options | |||||
| 3.8 OptionBit Demo / Practice Account | 3.00% | Demo Account Yes = 3.0% or No = 0% | Selection | 3.00% | OptionBit Offer a Demo Account = 3.0% |
| 3.9 OptionBit Number of Deposit Methods | 2.00% | For each deposit method available = 0.5%, max = 4 methods | Accumulation | 2.00% | 4+ methods available by OptionBit (Credit Cards, Debit Cards, Bank Wire, Western Union, MoneyBookers) = 2.0% |
| 3.10 OptionBit Number of Withdrawal Methods | 2.00% | For each deposit method available = 0.5%, max = 4 methods | Accumulation | 1.00% | 2 methods available by OptionBit (Credit Cards, Bank Wire) = 1.0% |
| 4. OPTION BIT BINARY TECHNOLOGY | 10.00% | FACTOR-4 ANALYSIS | 10.00% | OptionBit Technological Analysis | |
| 4.1 OptionBit Up & Down Options | 2.00% | Yes = 2.0% or No = 0% | Selection | 2.00% | OptionBit Offer Up & Down Options = 2.0% |
| 4.2 OptionBit One Touch / Boundery Options | 2.00% | Yes = 2.0% or No = 0% | Selection | 2.00% | OptionBit offers One Touch Options = 2.0% |
| 4.3 OptionBit Rollover Feature | 1.50% | Yes = 1.5% or No = 0% | Selection | 1.50% | OptionBit offers Rollover Feature = 1.5% / OptionBit doesn't Offer the Rollover Feature = 0.0% |
| 4.4 OptionBit Early Closure | 1.50% | Yes = 1.5% or No = 0% | Selection | 1.50% | OptionBit Offers Early Closure = 1.5% |
| 4.5 OptionBit Mobile Devices Supported | 3.00% | iPhone=1.5%, Android=1.5%, Any other Device = +1.0% (iPad, Windows Mobile, Blackberry) | Accumulation | 3.00% | OptionBit provides applications for iPhone, iPad and Android mobile = 3.0% |
OptionBit Rating Summury
Here is OptionBit Rating Summury
| OPTION BIT RATING SUMMARY | ||
| Binary Broker Rating Analysis | ||
| MAX | ACHIEVED | |
| 1.OptionBit Reliability | 25% | 20.00% |
| 2.OptionBit Competition | 40% | 33.00% |
| 3.OptionBit Trading-Options | 25% | 19.90% |
| 4.OptionBit Technology | 10% | 10.00% |
| Overall Rating | 100% | 82.90% |
OptionBit Rating Review
■ BinaryValue.com (2013)
