Is Optionfair a reliable binary broker

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

OptionFair Broker Review 2020

OptionFair is one of the long-lasting binary options brokers on a global market. This brokerage company is online since 2020 and owned by B.O.TradeFinancials.

To interested traders who are eager to learn all tips and tricks of binary options trading, OptionFair provides a modern and easy to handle trading platform. The entire platform is user-friendly and traders can search for different trading tools and instruments in order to potentially make a profit from this binary broker.

OptionFair’s platform offers an amazing list of 130 underlying assets to choose from, such as a wide range of currencies, commodities, stocks and indices.

For more details about this broker and how to trade successfully, read further in the OptionFair review and gather valuable information.

OptionFair Special Trading Features

As one of the first elements we learned in OptionFair review is that required minimum deposit to start trading is $100. This deposit amount seems very attractive for traders around the globe because it is much lower that binary industry average.

On OptionFair platform, traders can choose between several different currencies, such as USD, EUR, GBP, RUB, and HUF. Maximum deposit with OptionFair broker is $150. Also, minimum investment amount per trade is $10.

Interested traders would be glad to learn how this binary broker is regulated by the Cyprus Securities and Exchange Commission (license number 216/13).

For this OptionFair review, we were in a search to know is there a demo account. Support agent informed us how the demo is available, however, traders first need to register and make a deposit. Afterward, they can directly communicate with the account manager and get more details about demo version of the trading platform and how to benefit from one.

In binary industry, a demo account is a strong and powerful trading feature which enables inexperienced traders to gain more trading knowledge and increase their chances of winning in this binary trading process.

On the demo, traders don’t have to worry will they lose any funds since they are able to place trades with virtual and not real funds. Therefore, they can only benefit from trading binaries on the demo and learn valuable elements of the binary trading process.

As the latest upgrade of their platform, we discovered by customer support agent that OptionFair now provides just one standard account for all interested traders in binary options. There are no more different trading accounts for traders to choose from.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

OptionFair Trading Software

What we learned in OptionFair review is that they operate on TechFinancials software. The interface is user-friendly which is especially significant for all traders around the worldwide, regardless if they are professionals or beginner traders.

Available trade options we found by reviewing this broker are followed: High/Low, Touch/No Touch, 60 Seconds and Boundary Options. For the binary trading process to be properly executed, traders need to choose between several times of expiry, such as 60 s, 15 min, 30 min, 1 hr and over 24 hours.

A very popular trading features which traders can encounter on OptionFair platform is an opportunity for them to choose between a web-based and mobile version of the trading platform. According to OptionFair review, mobile app works well on both operating systems; iOS and Android and can be easily downloaded from App Store and Google Play.

On the mobile application, traders who are busy all the time have an exceptional opportunity to trade binaries when they are on the go. Mobile display is simple and beginners shouldn’t experience any inconvenience when navigating over the mobile platform.

We find it important to note how OptionFair broker offers a lot of education opportunities for interested traders across the world. These educational segments cover following: FAQ, Trade Binary Options, What are Binary Options?, Traders Basics and Glossary.

FAQ is especially detailed and consists of much useful information, which might help traders from early beginning and how to register, what are the requirements and much more.

Under Trader’s Center, traders can get more type of information regarding banking, asset index (list of underlying assets), trading questions and mobile trading.

OptionFair Support Information

So far, we noticed in the OptionFair review how provided trading platform is available in English, French, German, Russian and Hungarian.

Under Contact Us tab, traders can get detailed information about how to contact this broker and what are the best options to achieve needed info. Traders can reach OptionFair broker via email [email protected] , live chat and phone numbers on following languages (English, French, Italian, German, Hungarian and Russian).

We have to mention how we tried out live chat and had a positive opinion on it.

First, we had to choose available language and once selected, agent joined us shortly. Lady was very helpful and polite where she provided us with needed information regarding how to register, are there different trading accounts and does OptionFair offers a demo account.

Tip: Trade with reputable and regulated brokers on FX-Advisor.

OptionFair Banking Information

As one of the first elements, when traders want to join this platform, is to register and provide few documents for account verification. They include photocopy of ID card, proof of address and credit card copy with visible first and last four digits.

Traders should know how OptionFair uses SSL encrypting technology which protects their data which won’t be shared with a third party. Under Legal and Company Policy, traders can find a thorough information about the safety of the trading platform, such as T & C, privacy policy, complaints, investor compensation fund etc.

Regarding how to deposit, in this part of the OptionFair review, we will list accepted deposit methods by this broker:

  • Credit and debit cards – Visa, Visa Electron, Maestro and Mastercard
  • Bank wire transfer
  • E-wallets: MoneyGram, Skrill, Western Union, CashU, QIWI, Neteller, Abaqoos and iDeal

As mentioned in the beginning of the OptionFair review, the minimum deposit is $100. For card payment and e-wallets, the required deposit amount is $100, while for wire transfer is $500 and for MoneyGram and Western Union it is $1000.

Concerning withdrawals, there is no minimum withdrawal on the OptionFair platform. This broker allows traders to have one free withdrawal per month, whereas each additional will be charged $30 in the same time frame.

To make a withdrawal, traders need to login first and submit a withdrawal process which will most likely to be processed the same or the very next day.

OptionFair

Overview

OptionFair is a service of binary options Finopex Group.
OptionFair provides five different accounts: a standard account is designed for novice traders; Other accounts, such as Gold and Silver accounts, are intended for more experienced users who may be able to trade with larger amounts. Opening an account on the OptionFair site is quick and easy – all you need is to place an online form with identity confirmation.
OptionFair prides itself on offering mobile commerce, both with the application and with the mobile version of its website. The OptionFair website is easy to use and navigate.
OptionFair is an adjustable trading platform for binary options. The company is licensed by CySEC. The company has established a good reputation among traders and transparency with regard to information on regulation and licensing.

Rating chart

Detailed Information

USD, EUR, GBP, AUD, CAD, CHF, DKK, JPY, NZD, PLN, SGD, CCK, HKD, HUF, MXN, NOK, SEK, TRY, ZAR, HRK, XAU, XAG, BTC, BRL, INR, ILS, RUB

OptionFair Reviews

Ernest Kova from Slovenia

This broker has advantages: there is training, training capital, the main thing is to study this direction deeply and carefully.

Rocco from Jamaica

This is not a bad broker, the card and webmoney replenish instantly. It is output from 1 to 10 days. Never once did they disconnect something, the percentage was cut-it’s yes. It happens that quotations are long absent.

Orest from Latvia

I had experience with “Fair Options”. First they kindly ask you to replenish your deposit. I refilled the account, and won several deals. After communicating with more experienced friends, I decided to change the broker, withdraw all the capital from here and put it on another deposit. First I was told \ “excuse the data still in processing \”, the next \ “error occurred, we will repeat the transaction, sorry \”. The broker isnt reliable!

YoungJun from Korea, Democratic People’s Republic Of

The interface of the site is certainly good, but people deceive, they arent a broker, they are scams!

Azer Vahid T from Azerbaijan

Excellent platform. Trade here for nearly six months, instant response. Prices are displayed in real-time, bids close exactly on time. The conclusion – was pleasantly surprised, withdraw request was processed just in two days, received the money at stake! My opinion, is the best binary platform today.

Marco from Italy

It is the first broker who always opens all positions with the price which I have asked, and never played against me. So, as you understand, this is my favorite broker company and I think that you will like it too if one day you will decide to check their services by yourself

Chekor from Algeria

There are different brokers. but it appeals for more trust and I’ve heard a lot of positive comments about it. That’s great that there’s demo account, and there’s no minimal sum requirement for withdrawal. I’ve registered with them and I gonna see what is it.

Joynal Abedin from India

+700% per month is only possible with the binary options and that is not the limit. The more conditions have taken into account, the more have earned. Minimal risks and in cases like the fall of CHF no risks at all.

PHAM NAM from Viet Nam

Binary options is a smart and very profitable way to invest your funds. Best thing, that you not just get profit, but you are able to multiply it 2-3-4 times in a very short period of time. I do not know other such an activity that can provide trader with so marvelous results.

Rajh from India

I just needed cash and I chose for myself such way of earning as binary options trading. I started earning almost right away. Maybe it’s because of my experience in banking sphere, or maybe my predisposition to money gaming in general, I don’t know for sure. However, in two months experiencing of binary options I earned up 2300 usd. Of course these money are not awesome, but for a newbie they’re quite significant. The collect thing about this is that, unlikely roulette, it’s possible to forecast the result, and that really works!

RATING BROKERS BINARY OPTIONS AND CFD

If you got to this page, it means you’re interested in making fast and stable money online. Our website gathers information about an innovative way to multiply money – trading binary options, trading CFD contracts, and shows rating of the best CFD brokers and binary options brokers of 2020.

Reliable brokers for trading with binary options

The following table lists the brokers for binary options that are the very best at the moment. For novice traders, IQOption is very interesting. This broker puts great emphasis on customer service and has specialized on novice traders. There, you will be in good hands! However, this will also be the case at all the other brokers which are listed here! Click here to signup at IQoption now!

IQOption 24Option OptionFair Anyoption
Payout Minimum deposit Demo Account
91% $10 Yes Read Review Trade Now!
85% $250 Yes Read Review Trade Now!
89% $250 Yes Read Review Trade Now!
71%+Refund $200 No Read Review Trade Now!

Nowadays the Internet offers so many possibilities which were impossible to imagine earlier. If you wanted to trade options five years ago, you had to first go to your bank. There you would have been taken seriously only if you were ready to invest thousands of Euros. In terms of some options, so many securities are necessary so that they are not interesting for an ordinary mortal. Only banks and big investors can undertake such a thing – the Internet has changed this radically so that there are also possibilities for small investors to trade with options.

Although Anyoption is the best choice in our opinion for starting, there are also many other brokers. Some of them are not recommendable, yet some others are as good as Banc de Swiss and therefore they are good alternatives. The following pages show the pros and cons of each broker and which broker suits better for which type of trader.

Criteria for choosing a broker

A broker is not chosen automatically and you should not make a decision by chance. You should think over carefully which broker you should trust and why. There are some conditions that have to be fulfilled in order to be able to trade successfully.

The payout

It’s important to trade successfully in binary options trading. It’s not possible if a broker offers an unbelievably bad payout. Imagine you receive only 50% return from options in the money and 0 % if the option is out of the money. Would it be possible to trade successfully in the long run? It’s pretty obvious that it would not be possible. Because, you would have to be right in 70% of the cases so that you don’t make any loss. If, on the other hand, there is fair payout at 85% and 0%, things will be much easier and if you trade correctly, you can generate high returns too. What is important above all is that the broker scores well in comparison with other brokers. Here, you should not compare for example a DAX option with EUR/USD, it would be like comparing apples and pears. If you want to know how good the payout of a broker is, then you must also compare EUR/USD at a broker with EUR/USD at another.

Customer Service

The customer service is becoming more and more important. You should simply have a good feeling when trading. You will need someone at your side in case some complications take place. Normally, at good platforms, nothing bad happens but it can happen. Then, a good customer service is a must. In this respect, the parameters for the quality are the available language (you should of course prefer your native language), the speed (how fast you can reach the support, when you will get a reply to your email etc.) and the helpfulness.
There are employees who can solve a problem in a few minutes and there are some who put you off over and over again. You will approximately get 7 emails in 3 days that your problem is being processed and that you will be contacted when there is something new. A good customer service does not look like that.

Trading platform and options

The platform is very important since you spend all the time there when trading. However, the binary options trading is so simple and there is little difference among different platforms. The platform A will not differ from platform B in a great way – in case they are big and reliable brokers that work with a commonly used platform. It’s heard very rarely that a trader does not get on with a platform at all and therefore changes the broker.
On the other hand, available options can differ dramatically (you can find an overview here). There are brokers that have the most required options only, but there are other brokers that have a wide range of offers. Especially, in case of Range and Touch options, the payout quota and the risk vary at some brokers. At some brokers, it’s even possible to construct your own options with options building sets.

Which brokers are reliable?

There are in the meanwhile numerous brokers and many traders think that they have a great choice. Basically it’s correct but if you choose your broker arbitrarily, you take a big risk. In that case, it’s highly possible that you get caught by an unreliable broker that neither takes care of its traders nor guarantees a security in terms of deposits and payouts. You should keep away of such brokers; the hardest thing is to be able to distinguish the good ones from the bad ones. If you choose one of the brokers recommended above, you won’t make a mistake. These brokers are all well established for years and showed many times that they are taking good care of their traders. They don’t have any interest in deceiving. You should imagine that established brands like Anyoption or 24Option can be damaged if rumors take place that they are working in dishonest ways. Because of this reason, such established brokers have no motivation to deceive. If you choose a broker other than them, you may be lucky and happy with your choice but it’s also possible that there will be problems, which you don’t need in binary options trading for sure.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

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