OptionFair Review

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.
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  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

OptionFair Review

OptionFair.com Review

OptionFair company is a subsidiary of BI Trade Financials, founded in 2020 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.

Regulation
Minimum Deposit $250
Maximum Deposit 150 000
Bonus Refer a friend Welcome Bonus
Minimum Trade Size $25
Trading Platform TechFinancials
Account Types Gold, Platinum, Silver, Standard, VIP Account
Demo Account
Islamic Account
Account Currencies EUR, GBP, USD
Payment Methods
Withdrawal Fees No fee for 1st withdrawal
Traders From USA
Options Trading
Option Types Boundary, Call/Put, One Touch, Short term
Return Rates 91%
Safety Net 15%
Touch Options (Max Rates) 85%
Educational tools eBook Beginner Video Tutorials Beginner Economic Calendar Extras FAQ Extras Glossary Extras Daily Market Analysis Intermediate Daily Market Analysis Advanced Advanced In-Depth Course Advanced Advanced In-Depth Course Intermediate
Assets Commodities, Forex Pairs, Indices, Stocks,
Forex Pairs EUR/USD, GBP/USD, EUR/JPY, USD/JPY, GBP/JPY, EUR/GBP, AUD/USD, USD/CAD, USD/TRY, EUR/TRY, USD/CHF, EUR/CAD, CAD/JPY, USD/NOK, EUR/NOK, NZD/USD, USD/ZAR, EUR/ZAR, AUD/JPY, EUR/CAD
Stocks FACEBOOK, BP, TELEFONICA, BBVA, BARCLAYS, GOOGLE, APPLE, GAZPROM, SOCIETE GENERAL, TATA MOTORS, ICICI BANK, FIAT, VODAFONE, BNP PARIBAS, AXA GROUP, AMAZON, NIKE, CITIGROUP, EXXON MOBIL, BAIDU, MCDONALD’S, MICROSOFT, COCA COLA, JP MORGAN CHASE, IBM
Commodities Coffee, Gold, Silver, Crude Oil, Corn, Copper, Gold/JPY, Gold/Silver, Gold/EUR
Indices TADAWUL, S&P 500 FUTURE, IBEX 35 FUTURE, CAC 40 FUTURE, SMI 20 FUTURE, S&P 500 FUTURE
Crypto
Customer Support
Phone
Email [email protected]
Contact form
Live Chat
Call Back
Newsletter
Support Hours 6am-8pm
Supported Languages

Cyprus Securities and Exchange Commission

No fee for 1st withdrawal

Touch Options Payout (Max)

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.

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!

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.

OptionFair Demo

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.

OptionFair Scam

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.

OptionFair review

On-line since: 2020
Country of origin: Cyprus
Regulation: Cyprus Securities and Exchange Commission (license number 216/13)
Payment options: Visa, MasterCard, Maestro, Moneygram, Neteller, Skrill, Qiwi, Western Union, WebMoney, wire transfer, UnionPay.
Minimum account size: $250
Minimum lot size:
Leverage:
Spreads:

About the company:

OptionFair is an innovative trading platform for binary options launched in 2020. The company is operated and supervised by a team of financial professionals that specialize in online trading with binary options, commodities, stocks, indices, and securities in the stock and currency markets.
The company’s mission is to provide its clients with an opportunity to trade safely and earn profits by investing in various assets. Binary options trading with OptionFair is perfect for both experienced investors and novices in trading.
The trading platform allows users to trade multiple financial instruments that are rarely provided by other brokerage companies in such an extensive array. Apart from a standard PC version, you can also download the mobile platform enabling you to trade regardless of your current location at any given moment.

OptionFair Review

Trading Platform OptionFair

The trading platform supported by OptionFair is created by OptionFair’s sister company called TechFinancials. The platform has been designed with a goal to provide the best interface and tools for binary options trading. The platform itself provides a wide array of financial instruments and assets. The team of TechFinancials has created a set of advanced pricing algorithms, which enables them offer the technology able to power an impressive 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

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

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.

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.

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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