OptionBit

OptionBit

OptionBit, based out of Cyprus, proudly claims to be a ‘premier’ binary options trading platform and from what we have heard about this broker, that doesn’t seem to bold a statement. OptionBit is one of the more established brokers (2009), working with the respected platform software provider Tradologic and its Financial Data Feeds powered by Reuters, the whole package comes together well and should continue on its current forward thinking direction.

OptionBit has a fresh and appealing brand new site layout and trading interface that is easy to control and navigate around which was only recently launched on the 29th October 2012. With the site being mainly blue with a grey background its easy on the eye and doesn’t confuse or distract you whilst moving around and concentrating on the various stocks, commodities, indices and currencies on offer. Apart from the clock, data feed and the Above / Below button there is very little in the way of distractions to take your eye away from the action.

Features

OptionBit has a team of market analysts who are available to help traders looking for some additional insights into the market.  In addition, the brokerage offers excellent bonuses for both new and veteran traders.  Deposits of $500 are eligible for a 20% bonus, while higher deposits can earn up to 40% bonus. 

OptionBit also offers several trading features that are worth mentioning, including a rollover option which allows you to extend the option if it isn’t set to expire in the money.  In contrast, OptionBit’s ‘close now’ option allows you to close a trade before its scheduled expiry time if you’re in the money but don’t want to  wait until expiry time, lest the trade change directions. 

Though all of the best binary options brokers claim to have the highest payouts, OptionBit really seems to make good on this claim, by offering payouts as much as 181%.  This alone may be a good reason to try out this binary options broker. 

Customer Support

You can contact OptionBit via phone, email or chat.  Chat service is available for about 17 hours/day, from about 2am EST to 7pm EST.  Phone support is available locally in France, the US, UK and Spain.  Email inquiries can be submitted via on-site form submission, or by traditional email.  

We chatted with OptionBit’s customer support team during our OptionBit review and found their representatives to be helpful, friendly and prompt, especially as compared with some other binary brokers whose chat support left us on hold indefinitely.