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Binary Options Brokers
Trading Platform OptionFair
The trading platform provided by OptionFair is created by OptionFair’s sister company called TechFinancials. The platform has been developed with an idea to offer the best interface and tools for binary options trading. The platform itself provides a broad set of financial instruments and assets. The team of TechFinancials has created a series of complex pricing algorithms, which allows them offer the technology able to power an unmatched range 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
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.
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 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.
Быстрое открытие счета + 2400 $ в подарок!
Бесплатные бонусы при регистрации!
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.
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.
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.
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.
7 Binary Options
OptionFair has shut down their operations in binary option trading.
We recommend choosing one of our top binary option brokers instead:
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Try also Binary Option Robot if you are looking for automated binary trading.
Our review of OptionFair will reveal that this is a strategically designed binary options platform that offers dynamic trading options. The primary goal of this brand is to offer secure and reliable trading efforts with a large variety of investment assets. Also what we found appealing is the simplicity of use that makes it an ease for beginners to dive into binary options trading and have not only a rewarding experience but an enjoyable one as well.
It has Fairsignals, which are trade signals for binary options just like the ones you would get from a binary robot software. They are in form of SMS or emails and they provide trading recommendations – making right trading decisions has never been easier.
OptionFair provides binary options traders with an excellent platform that promises high returns and using different accounts to meet each traders need. 7 Binary Options recommends OptionFair.
Online since: 2020
– Good variety of campaigns
– Does not accept customers from USA
7 Binary Options Rating:
We found in our review of OptionFair that one of the major incentives of any binary trading options platforms happens to be what this brand perfects. They offer an initial deposit bonus that is based on the type of account the trader has. This provides more funds for trading and everyone knows this is a plus in the trading industry. The sign up bonus (100%) for joining is one of the features we found to be quite accommodating because every trader appreciates the enhancements that bonuses present to their trade abilities.
The OptionFair platform has a very lucrative standard for maximum payout values and it brings benefits to beginning and seasoned traders. They have managed to dominate the market with return margins progressing up to 89% and these can be acquired within a minute.
Types of accounts
We found that Optionfair has the most strategically designed package of accounts. These packages are designed to accommodate the investor and filled with features and promotions such as expert trading sessions and initial bonuses.
The standard account
The standard account offers an initial deposit option of 250 dollars and a bonus of up to 30%. The trader also receives an introductory session in the financial area.
The silver account
The silver account carries an initial deposit of 500 dollars with a starting bonus of 60% and carries a profit of 1%. There is also a monthly financial expert session that comes with this account, on trading strategy and two live SMS.
The Gold account
The Gold account has an initial deposit requirement of 2000 dollars and initial bonuses that value up to 80%. There is also additional profits of 2%, expert financial sessions are offered weekly, three trading strategies and four SMS alerts.
The Platinum account
Also available and one of our favorite is the Platinum account.This one allows initial deposit amounts of $15,000, additional profits of 4% and 100% bonuses.
If that’s not enough, the unlimited financial advisory sessions and live SMS and five trading strategies really add icing to the cake. For VIP account holders, there is an initial deposit of $50,000 required and plenty of additional bonus perks. There are also financial sessions and unlimited SMS alerts to be enjoyed by traders.
Traders on OptionFair have the ability to trade various assets which is a great benefit. Assets such as indices, currencies, commodities and stocks are all valuable assets regarded by this platform. We find that binary trading option sectors that offer various forms of asset trading are a great standard and this helps to set OptionFair above the rest.
Deposit and withdrawals
We’ve found that deposits and withdrawal options offered by OptionFair has a major impact on our strong support of their binary options trading. There is an initial deposit of 250 USD, EUR, GBP, or an equivalent required. However, for trader convenience, this deposit doesn’t have to be made during registration.
These deposits can be made via Western Union or electronic wallets such as Neteller, CashU and Web Money. Other acceptable funding sources are bank, wire transfer and credit card.
The withdrawal requests apply to the corresponding account used to make the opening deposit. There is no minimal amount to withdraw and traders are afforded one withdrawal per month without commission fees.
OptionFair has a dynamic customer service support center that is available for live chats and emails.
Our review of OptionFair shows us that traders should have a positive trade experience with this platform. The cash outs occur rapidly and the various accounts are a wonderful benefit for all levels of traders. Their system is extremely easy to monitor and more invigorating to use for binary options trading. The bonuses are extremely accommodating and serve as a great motivational tool for those in the trading industry.
Customer Service: English, Spanish, Arabic, Italian, French, Russian, Polish / Live Chat / email: [email protected] / Phone: +44 203 519 0373
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