Rating: 6/10
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OptionBit Ratings
Overall Rating:
Forex Software:
Assets Variety:
Customer Support:
Bonus & Promos:
OptionBit Info
up to 81%
Digital, One Touch, No Touch, Range, Turbo
Banking Options:
Tradable Currencies:
Other Instruments:
Practice Accounts:
cross   no
cross   no
Mobile App:
check   yes
Social/Copy Trading:
cross   no
Novox Capital Ltd. brings you OptionBit, one of the latest and greatest binary options platforms for trading in Canada. Make your first investment and get a bonus of up to $1000 to start trading a wide array of Stocks, Indices, Currencies and Commodities. Choose from 5 different Option Types to make your trades and score big wins.

OptionBit allows you to trade in Canada right off of the website. (For mobile users, an app download may be required.) You can trade Digital, One Touch, No Touch, Range or Turbo options. Algobit is the newest software innovation for OptionBit. This program acts as a hybrid trading platform and trend and signal tracker. Let the program do all of the research for you!

The Asset Index for OptionBit is a reasonable size. Currencies mostly involve the USD, a 10 of the 13 pairs available include the dollar. The Stocks available consist mostly of tech stocks like Amazon, Apple, Microsoft and Vodafone. Several Indices and Commodities are also available.

OptionBit makes a good variety of trading assistance tools available to its Canadian online trading customers. The VOD section has free training videos for both beginner and advanced traders. For the more savvy trader, OptionBit provides a well laid out Economic Calendar. There is also one-on-one trading courses available for depositing users.

Support staff at OptionBit can be contacted around the clock. There is a live chat features integrated into the site, and an automated "Need Assistance" FAQ feature in the bottom left corner. You can also contact the OptionBit offices by phone or email.

Reviewed by: Canada Forex Portal

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    OptionBit Screen Shot
  • OptionBit screen shot
    OptionBit Screen Shot
OptionBit Welcome Bonus
Deposit Bonus:
50% up to $500
Deposit Bonus Information:   (Updated: 06/12/2016)
OptionBit has 3 increments for online trading account Canada first deposit bonus:
Invest $200 - receive 30% bonus
Invest $500 - receive 40% bonus
Invest $1,000 - receive 50% bonus

After making your investment you must contact support to receive your bonus.

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Review Definitions

The following index gives a detailed explanation of the Forex Broker Ratings and Bonus Offers in the reviews seen above.

Forex Broker Ratings

Forex Software
The quality of the Forex software and website.

Assets Variety
The variety of trade options and intstruments available.

Customer Support
This is a rating of how quickly the forex site processes withdrawal requests, plus how quick and helpful their support services are.

Bonus & Promos
This rating should consider the frequency, relative value, and organization of bonuses and promotions.

Bonus Offers

Match Bonus
What percentage of your initial deposit the broker will give you as a bonus.

Free Bonus
The free bonus the site will give you with no deposit required.