Introduction
Pretoniria Ltd, a company based in Cyprus, owns and operates the OptionBit.com binary options brand. The company opened for business in 2007 and was one of the early birds in the brokerage business that started attending to clients when the market was deregulated to allow retail traders to participate in trading. OptionBit offers traders the white-label platform of TradoLogic.
Payouts
The payouts accruing to successful trades on the OptionBit platform will depend on the trade type employed for the trade. The payouts for the different trade contracts are as follows:
a) High Yield Touch: Payouts range from 170% to 260% for a successful outcome.
b) The Touch/No Touch, Above/Below and 60 second binary option contracts offer traders a payout of 75% for every successful trade.
c) The Range option (In/Out) pays out an average of 70% on successful trades.
Bonuses and Promotions
OptionBit provides an account opening bonus which they have dubbed an ‘educational allowance’. The percentage of bonus received depends on the amount with which tehtrader funds the account.
– 30% bonus for traders who invest between $200 to less than $500.
– 40% bonus for traders who invest between $500 and less than $1000.
– 50% bonus for traders at least $1000 into an OptionBit live account.
There is also a VIP Bonus package. VIPs are those who can deposit amounts in excess of $5000. The VIP bonus structure provides the following:
– an exclusive VIP phone number where traders can call and get express service.
– faster withdrawals with extra bonus awards exceeding 50% on account deposit.
Asset Index and Expiry Times
Traders can trade several assets on the OptionBit platform. Some of these are as follows:
1) Stocks: Boeing, COCA COLA, ExxonMobil, Microsoft, eBay, Google, Konami, Nike, HSBC, Allianz, Total, Repsol, Telefonica, Chevron, Intel, IBM, Siemens, Vivendi, BP, Renault, Gazprom, France Telecom, Honda, Sony, Toyota, etc.
2) Currencies: EURJPY, AUDUSD, GBPUSD, USDCAD, NZDUSD, USDRBL, USDCHF, EURGBP, GBPJPY and EURUSD.
3) Commodities: Crude oil, copper, silver, gold.
4) Stock index futures: AEX25, BEL20, SPI 200 Futures, TOPIX500, DJ30, NASDAQ100, S&P 500, BOVESPA, IBEX35, FTSE, DAX.
There is the CLOSE BOTTOM feature, which allows traders to close profitable positions manually before expiration. Traders will only make 30% of the original payout and for this trade, the expiry times are therefore not fixed.
Expiry times for other trades are usually set by default. Investors are given a countdown clock which represents a window of opportunity for the investment to be done. Once the trades are executed, the trader has expiries that can last for 15 minutes, one hour, two hours, etc.
Trading Tools
Apart from the video demonstration of the trade process on OptionBit located on the home page, there is also a binary options educational ebook which is available as a free download on the OptionBit website.
An e-course is also available for traders who want to study binary options in greater detail.
Traders also have access to an Advanced Charting module which enables for technical analysis of assets.
Deposits and Withdrawals
The following methods of transaction can be used on OptionBit:
a) Credit cards: Using your credit card on OptionBit requires card verification. The credit card’s front and back must be scanned with the last three digits of the card number blocked out, and a copy of the trader’s international passport/drivers’ license sent along with the scanned card to OptionBit’s sales team for verification. With your card, you can withdraw a minimum of $10. Minimum account opening balance with card option is $500.
b) Bank Wires: Minimum account opening is $500 and minimum withdrawal amount with this option is $30. One free withdrawal is allowed per month. You must contact the OptionBit team for instructions.
c) Western Union is also another option that can be used for those in countries with sender + receiver status.
The minimum trade investment on the OptionBit platform is $10.
Customer Service
Traders can access the customer service department in 12 different languages. OptionBit can be reached via phone, email and live chat using the following details:
– Email (support@optionbit.com)
– Phone Numbers:
United States +1.415.3731665
United Kingdom +44.20.31500934
Germany +49.69.95797950
France +33.1.70615848
Spain +34.91.1877526
Italy +39.02.94751417
Russia +7.499.9186523
