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Option Bit Review


General info

Owned by Pretoniria Co, a company registered in Cyprus, Option Bit is a remarkable binary options broker offering a good trading platform with many special features.
Option Bit’s offer is quite extensive, the broker promoting three types of options and two special features, besides the long list of assets available for trading.

Main features

The assets list contains more than 30 items including six commodities (Coffee, Copper, Crude Oil, Gold, Silver and Sugar), eleven currency pairs, five indices and ten major companies listed on the stock market.
There are three types of options available: digital (the price will go up or down), touch (the price will touch a strike price) and range (the price will be in or out of a range).
As expected, due to the speculative nature of binary options trading, the expiry times range between several hours and several days. Most options expire at the end of the day or at the end of the week.
Option Bit broker is available in 11 languages: Arabic, English, French, German, Italian, Japanese, Korean, Portuguese, Spanish, Turkish and Romanian.
As payments methods, Option Bit sticks to the classic payment methods such as credit/debit card (just Visa and Mastercard), wire transfer and Western Union. The trading accounts can be in US Dollar, Euro, and Pound Sterling, the currency being set at the first deposit and remaining fixed.
All options have profit rates ranging from 75% to 81% and there is no refund for options that expire out of money. However there is the possibility to recover some of the initial investment if the option is closed before expiration time (available only for digital currency options).

Special features

The digital currency options have two special features: extent and close.
The extend feature enables you to extend the expiration time of a digital option already purchased for as much time as you want. Depending on the options’ parameters, the extend will cost 5% to 50% of the initial investment.
The close feature allows you to close an option before the expiration time regardless if your option is out of money or in the money. If the option closed is out of money you can receive back from 0% to 80% of your initial investment and if the option is in the money you can mark a profit up to 30%.
The extend and close features are available five minutes after the option is purchased and can be used up to 10 minutes before the expiration time.
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