OptionFair company is a subsidiary of BI Trade Financials, founded in 2013 and located in Nicosia, Cyprus. Broker is regulated by CySEC, which confirms the reliability of its services in the field of binary trading. Despite the short period of sojourn on the market, OptionFair considered to be a grandee among brokers of financial services.
At this stage, the main broker's priorities is to provide the best conditions to trade digital options that will meet the highest demands of professional traders and provide high-tech trading platform combined with a multilingual, professional customer support. The company now offers its services in more than 15 countries. With this provider digital options are becoming more affordable, more convenient and easier. In addition, investors' personal data is protected by SSL, which is the best encryption system for online platforms.
OptionFair.com Review - Binary Trading
OptionFair provides a wide range of option types available for trading:
High/Low: one of the classic binary options types that provides high returns, when the asset price matches trader's prognosis about its direction. You should choose High (Call) if you think that by the end of expiration time the price will be higher than the current level and choose Low (Put) if you think that by the time it expires the price will be lower than the current one.
One Touch option has a specified price level that should be reached in order to profit from it. Here you should choose Touch if you think that the price will strike the target at any period during the contract and you should choose No Touch if you predict that price won't strike the target until the end of the contract.
Boundary: this type of option sets two price levels (boundaries) that lay below or above the current asset price. In order to win this option a price should stay In or Out of these boundaries during the expiration period.
Short Term: there are 3 types of short term instruments with duration of 60 seconds, 2 and 5 minutes. Thus, the trading mechanism of this instrument is similar to the classic High/Low, with the primary difference in the expiration period.
OptionFair Minimum Deposit
OptionFair minimum deposit is $250 and minimum amount for trading is $25. OptionFair offers many different ways for depositing and withdrawing your money. You can use VISA, MasterCard and other cards, QIWI, Webmoney, WesternUnion, China Union Pay, Abaqoos, Ideal, MoneyGram and Wire transfer. Making deposits using these methods is rather fast and they are processed immediately, but the wire transfer can take up to 3 days. Withdrawals are sent within 3 days, but withdrawals via wire may take up to 5 days. Please note that OptionFair doesn't charge any fees for the first withdrawal.
Also we would like to add in this OptionFair review that this provider offers its experienced traders a new opportunity for financial transactions - Elite Traders Club Card. It is a prepaid MasterCard debit card, which allows an owner to get up to 1.5% return from each trade and to consolidate his finances and streamline account management.
A lot of traders ask about OptionFair demo account. Many of them are newcomers who want to get a solution for practicing without a risk to lose money, another part of them want to try platform before real trading or to try their strategies. And there is good news for traders – this broker provides such service as OptionFair demo. To get access to OptionFair demo, you need to register and to make first deposit. After that you will be able to use mainly identical to the real one platform for trading.
In addition we should note in our OptionFair review that the broker offers you to "Trading center", where you are available to get video tutorials, e-books and learn how to use a variety of signals.
OptionFair.com Review - Account Types
For those who are not afraid of rumors about OptionFair scam and want to meet his dream of financial independence, the broker offers 5 types of accounts, each of which opens up new opportunities and growth prospects. Let's list tham in this OptionFair review:
Standard account is designed for beginners, so it may seem a little restrictions in terms of services and tools. To open this type of account, you need to make OptionFair minimum deposit of $ 250. You get access to e-books on the binary options, the introductory lecture by a financial expert, 17 instructional videos and a welcome bonus offer of up to 20% of your deposit.
OptionFair minimum deposit to open a silver account is $ 500. With it you will be available to get more financial instruments, which include a daily market review, an additional 1% of the income from transactions, 1 lecture from a financial expert in a month, 31 instructional videos, 1 month trading signals through email and SMS, 1 trading strategy and a starter bonus up to 40% of the size of the deposit.
Gold account is available after the $ 2 000 deposit. With it you open such bonuses as additional 2% of the profit, 2 lectures from a financial expert in a month, 44 videos, 2 months signals via SMS and an email, 3 trading strategies, as well as initial bonus, which can reach 60% of your deposit.
To open a Platinum account, you will need to pay a deposit of $ 15 000. This is one of the best account types in OptionFair, based on a variety of financial instruments and additional services offered by this broker. With Platinum account type you get additional 3% -4% of the profits, unlimited lectures from an expert, 3 months of trading signals by email and SMS, 51 instructional videos, 5 trading strategies, and welcome bonus will be up to 80% of your deposit.
For VIP Account OptionFair minimum deposit will cost you $ 50 000. With it the trader can fully enjoy all the privileges, services and financial instruments that have a broker. VIP traders will receive an additional 5% of the profits, unlimited lectures by experts, half a year of signals via SMS and an email, all available trading strategies, and they will be offered an initial bonus, which will reach 100% of their deposit.
OptionFair.com Review - Additional features
One of the most eye-catching features offered by OptionFair is a special tournament for all traders who are anxious to compete with other investors from all over the world. Having at least $500 in your account you will automatically participate in this tournament and every $100-winning contract will bring you some extra points. The main prize is $25,000 and it is played out every week. If you are interested in this competition you can find out more information at broker's tournament web-page.
One version of scam in binary options, which may affect your trading deposit, is to use the brokerage services of companies who came to the financial market with one purpose - to scam their customers and to make money "from the air", helping the traders to "merge" their deposits. In order to avoid scam, it is enough to approach the selection of a brokerage company that is not based on the colorful advertising slogans.
We searched information on OptionFair scam on Web and came to a conclusion that this broker had recommended itself as a reliable one, because there were no loud statements about OptionFair scam at all. Users are satisfied with its services and note quite stable operation of the server, very convenient with great functionality platform, and in-time withdrawals. Moreover, the provider is regulated by CySEC and its license is valid in all countries of EU under the provision of MiFID. Finishing our OptionFair review, we should add that customer support is available around the clock seven days a week. You can be in contact with representatives via email, live chat or phone. It is available in 9 common languages, so you will not find any trouble speaking to the broker.