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OptionBit Scam - Optionbit is a big scam, be aware!

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Optionbit is supposedly regulated broker and continues to scam people in 2016.. I don't know what to say but this is unbelievable! In 21st century bunch of Israeli guys made some "trading" platform and ask you to make a deposit, they make you lose all your money with price manipulations and later they call you again and ask you to make more deposits. LOL what is this Cyprus regulation anyway? It seems like the Israeli pay some money to the Greeks for some "regulation" and the robbery continues regulated. Nicely done!

If you read this forum and other forums as well you will understand how they work. These guys with fake names like "Eduard Gold" call you and start explaining how easy is to make profit with them.. hmm ok, but when you make profit they lose money right? So I make profit, they lose money and we are all happy?

Let's say you make a deposit of $250 which is usually the minimum, then they show you how to trade, with some manipulations on the platform they make your money $1000 and suggest you to make another deposit of $2000. You make $2000 deposit and you should have $3000 into your account but suddenly you see $5000 because they awarded you a bonus which you didn't request. And here your nightmare begins!

They will tell you that you need to reach x40 your deposit + bonus ($200,000) in turnover to be able to request a withdrawal. Ok, good luck with that! You can forget about your $2250 deposit. Be aware for all brokers using Tradologic, Spotoption and Panda TS platforms.


BenjaminSS's picture

Optionbit trading platform looks friendly and luxury with vip accounts, mobile apps, free videos, free demos and everything till they start manipulating your strike price. I was trading for one month and increased my balance from $1000 to over $3000 when surprisingly I started losing trades after trades. Then I started investigating closely what is happening in my account and I found out that they can manipulate my strike prices so that I lose trades. I am pretty sure that I am not a single case because I read about many similar cases in other forums from other traders. On top of that a guy who used to work with them in their office in Bulgaria confirmed me that it is a practice at optionbit to make you lose money. When I was trading their optionbit price for a call option on eurusd was way above the current graph level making it impossible to win any trade using any reasonable strategy. I am pretty sure everyone in that company is aware about this and simply they want you to loose and keep losing money. I would suggest you to stay away from optionbit.

RobertZane's picture

It is a total scam optionbit once you make the mistake to deposit you will regret all after that. They wont stop calling you to deposit more and more offering some bonuses on top of your deposit which you actually will never be able to withdraw. Their call center will try to lure you with free coaching from a "professional" market analyst or 100% bonus on top of your deposit. You wont get anything in the end believe me. If you have any funds into your optionbit account I would recommend requesting a withdraw but it won't be easy. They are regulated by CySEC but this means nothing actually all scam brokers on the spotoption and tradologic platforms are regulated by CySEC and continue to rob traders.

Joannez's picture

This is absolutely true as I had a bad experience trying to make a withdraw at optionbit. I was doing well at the beginning made a profit of 1000 euros so decided to request a withdraw and suddenly things changed, it became difficult for me to trade without making every trade a loss. I tried to get some information in live chat about why there was such a big difference with rates/prices, operator answered my questions with questions. I feel this person either did not understand me or was being just down right horrible. After a month of e-mails and live chat sessions I was finally able to make a withdraw of 500 euros with no adequate explanation why I can't withdraw all my profit.