OptionFair Broker Review

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OptionFair

OptionFair ceased trading in February 2020

OptionFair is the binary options service of Finopex Group. They welcome traders from all over the world except the United States. OptionFair has the distinction of being one of the first to introduce a mobile version of the binary trading platform, allowing users to trade on their smartphones.

Trading Platform

Bonuses and Promotions

Account opening bonuses are awarded to first-time traders on their platform. Periodic promotions are held as well. The amounts given out in bonuses vary and are arranged for each customer by the account officers.

Account Information

Account opening balance typically starts from $200, but traders can actually start trading with as little as $100 in their accounts. OptionFair augments this with a generous bonus of 10-30%. Minimum trade amount is $10, and traders can operate accounts in US Dollars and Euros. Account opening is an online affair, after which traders are required to send supporting documents to Optionfair.com.

Trading Requirements

OptionFair has a vast array of electronic funding and withdrawal options such as Liberty Reserve, UKash, CashU, Skrill, credit/debit cards from almost every major card processing company you can think of.

OptionFair has the distinction of having developed advanced pricing algorithms that allow some of the most competitive pricing in binary options, and permits traders to trade on both sides of the asset. If you call them the equivalent of ECN brokers in forex, you would not be wrong. The range of assets that can be traded is unparalleled. Traders can make as much as 85% on every trade.

Platforms Featured and Markets Offered

The trading platform is a web-based platform that is easy to use and has been simplified for even novices to use without difficulty. One feature of this platform is the availability of an interactive chart for every asset listed for trading. As mentioned earlier, a mobile trading platform for use on smartphones exists, taking away the restrictions of trading with a PC. Assets traded are as follows:

1) Currencies: EURUSD, USDCHF, USDJPY, AUDUSD, GBPUSD and the Yen crosses.

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2) Stocks: Telefonica SA, Lloyds, Vodafone, Apple, Google, BP, Barclays

3) Commodities: gold and silver.

4) Stock index futures such as the IBEX, DJ30, NASDAQ100, FTSE100 and Xetra Dax.

The asset index is a lot broader than what has been listed above. A more comprehensive list is available when traders open accounts. Traders can trade the following types on the web-based trading platform.

b) Touch/No Touch Options:

c) Boundary Options: Traders are able to trade the In/Out options with OptionFair.

Traders also have the option of using the option builder to choose the assets that they can trade.

Customer Service

OptionFair has a customer support that is way ahead of its peers. Users to the support section are initially presented with a Frequently Asked Questions section, which addresses basic questions about binary options and their services. At the next level, traders can contact the multi-lingual support team via phone, email, or live chat. The customer support is very robust.

Is Option Fair a Scam?

OptionFair is a binary options trading brokerage registered in the British Virgin Islands and operates out of Cyprus. The brokerage, one of the finest in the industry, came into existence in 2020 and is said to be managed by a group of highly experienced professionals from the financial industry. They are regulated by the prominent regulatory body in the binary options industry, the Cyprus Securities and Exchange Commission. OptionFair has involved itself in a number of innovations since 2020 and has been successful in diversifying their product portfolio. In addition to this, they offer several different secure options to safeguard your transactions.

Final Word

It is an arguable fact that OptionFair ranks among the best three binary options brokers in the world. Their competitive pricing structure, payout system, wide array of funding and withdrawal options and robust customer support make them one of the most sought-after brokers. Most reviews you will get from traders who have used this service are positive. Until date, there have been no reports of traders encountering some of the problems that are commonplace with certain brokers. This is a good broker to trade binary options with.

OptionFair Review

Trading Platform OptionFair

The trading platform offered by OptionFair is developed by OptionFair’s sister company called TechFinancials. The platform has been designed with a goal to give the optimal interface and tools for binary options trading. The platform itself supports a wide range of financial instruments and assets. The team of TechFinancials has created a set of complex pricing algorithms, which allows them provide the tech that can power an impressive number of financial instruments. TradeFinancials platform is managed by experts in binary options trading who use their knowledge and experience to make sure you can invest and trade safely and effectively.

Standout features of OptionFair’s trading platform are its One Touch Trading, and Boundary Trading or Range Trading. Another notable feature is that you can close any open market position before the predetermined expiry time. For fast trading, you can try the “60 Seconds” feature which tells you in a minute whether your option will expire in or out of the money.

The broker guarantees safety and transparency of their service and gives you the opportunity to select either sides of a single option to make sure of the guaranteed fairness in pricing with no spreads, fees or commissions.

You can also easily trade on the go with a great mobile app provided by OptionFair which allows you to stay constantly connected to the world’s financial markets no matter where you are.

  • User-friendly trading platform
  • Option for weekend trading
  • Mobile trading is supported
  • Low spreads
  • Regular offering of large bonuses
  • High returns within 60 seconds
  • High refund percentage of 10% to 15%
  • Good bonus for “Invite a Friend” promotion
  • Early closure feature
  • Daily market highlights and analysis provided
  • PayPal is not supported
  • Does not cater to US traders
  • Limited asset list

Platform type: Tech Financials

Platform Languages: English, Spanish, German, French, Chinese, Italian, Turkish, Arabic, Swedish

OS Compatibility: iOS, Windows

Streaming News Feed: Yes

Email Alerts: No

Mobile Alerts: No

Company information OptionFair

Located in: British Virgin Islands

Website: www.optionfair.com

Founded in: 2020

Accepts US Clients: No

Phone number: 0044 203 5190373

Email: [email protected]

Account Options OptionFair

Commission:

Minimum Deposit: $200

Payouts Percentage: 85%

Deposit Options: MoneyGram, Credit Card, Debit Card, Bank Wire Transfer, Western Union, Moneybookers

Withdrawal Options: Credit Card, Bank Wire Transfer, Western Union, Moneybookers

Payout Ratios: Returns can go as high as 85%. You can get a 10% to 15% refund for losing trades.

Available Assets OptionFair

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Spanish, French, Italian, Arabic

Customer Service Hours: OptionFair provides a full 24/7 customer service

Place Trades Over the Phone?: No

OptionFair Trade types

OptionFair offers the following trade types:

  • High / Low Instrument: It allows you to decide if the price of an asset will go up or down
  • One Touch Instrument: Here you can choose if the price of an asset will touch a specific target price.
  • Boundary: It lets you choose if a given asset price is going to stay withing a given price range.
  • Short Term: It supports quick 60 second, 2 minute or 5 minute trades available with the with the short term option.

OptionFair Trade accounts

OptionFair offers five types of trading accounts:

Standard : Initial deposit is $250, up to 20% bonus

  • Additional profit is 0%
  • Binary Opitons eBook
  • Introductory financial expert session
  • 17 video tutorials
  • Minimum trade amount is 25 $/€/£

Silver : Initial deposit is $500, up to 40% bonus

  • Additional profit is 1%
  • Binary Opitons eBook
  • Daily Overview
  • 1 financial expert session per month
  • 31 video tutorials
  • Minimum trade amount 25 $/€/£

Gold : Initial deposit is $2,000, up to 60% bonus

  • Additional profit is 2%
  • Binary Opitons eBook
  • Daily Overview
  • 2 financial expert session per week
  • 44 video tutorials
  • Minimum trade amount 100 $/€/£

Platinum : Initial deposit is $15,000, up to 80% bonus

  • Additional profit is 4%
  • Binary Opitons eBook
  • Daily Overview
  • Unlimited financial expert sessions
  • 51 video tutorials
  • Minimum trade amount 200 $/€/£

VIP : Initial deposit is $50,000, up to 100% bonus

  • Additional profit is 6%
  • Binary Opitons eBook
  • Daily Overview
  • Unlimited financial expert sessions
  • Unlimited trading strategies
  • 51 video tutorials
  • Minimum trade amount 500 $/€/£

OptionFair Position In Our Categories

Position of OptionFair in our main categories:

OptionFair is one of the top 20 Binary Options Brokers products

If you are considering OptionFair it may also be sensible to investigate other subcategories of Binary Options Brokers collected in our base of SaaS software reviews.

It is essential to realize that hardly any service in the Binary Options Brokers category is going to be a perfect solution that can match all the goals of different investors. It may be a good idea to read a few OptionFair reviews first as certain solutions can actually perform well just in a specific geography or situation or be designed with a very specific customer in mind. Others can function with a goal of being easy and intuitive and as a result lack advanced functions welcomed by more experienced users. You can also come across services that support a broad group of users and offer a powerful feature base, however this frequently comes at a higher price of such a solution. Make sure you’re aware of your needs so that you select a service that offers exactly the features you look for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and OptionFair reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with OptionFair. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

OptionFair Broker Review

�� Demo Account:
⚖ Allows Hedging:
�� Allows Scalping:
�� Headquarters: Virgin Islands, British
�� Founded:
�� Trading Platform(s): Tech Financials
�� Regulating Authority(s):
�� Minimum Deposit: 200
�� Maximum Leverage:

Visit OptionFair
Risk Warning: Your capital may be at risk

Our Review of OptionFair

Company Overview

OptionFair is well known in the online trading world as it is one of the leading brokers on the scene. This broker primarily offers binary options trading, and specialises in trading and market news on a real time basis. OptionFair offers some of the largest returns on the market: no less than 91%.

Account Types + Opening

There are five different accounts in OptionFair. The Standard account, for example, is designed for beginners. Other accounts, such as the Gold and Silver accounts are tailored towards more experienced traders who want to be able to trade with larger sums. Opening an account on the OptionFair site is quick and simple – all that is necessary is filling in an online form. Documents will need to be uploaded at a later stage, however, in order to confirm their identity before they can make withdrawals.

Promotions, Sign Up + Deposit Bonuses

The bonuses that you get with your OptionFair account will depend on the account type that you have. However, the maximum bonus that you can get is 100%. Bonuses are given on your first deposit.

Commissions and Fees

The charges that are demanded of traders by OptionFair will differ depending on what type of account the trader has. Though this broker states that they do not take fees or commissions, what they do do is charge traders for making a given trade.

Trading Platform Review & Mobile Apps

OptionFair prides itself on offering mobile trading, both with an app and with a mobile version of its site. The OptionFair website itself is easy to use and to navigate.

Deposits & Withdrawal Methods + Ease

Minimum deposit amounts vary from account type to account type. The smallest minimum deposit amount is associated with the Standard account and it is $250. The Silver account, by contrast, has a minimum deposit of $500. Deposits and withdrawals can be done by bank transfer or by card payment and they are usually nice and smooth and hassle free with this broker.

Regulators & Safety: Are they a reliable, legitimate broker or a scam?

OptionFair is a regulated binary options trading platform. It is licensed by CySEC. In addition, it has built up a good reputation among traders and is transparent about its regulation and licensing information; OptionFair is almost certainly not a scam!

Best Binary Options Brokers 2020:
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    Binarium

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