OptionFair discontinued in February 2018
OptionFair is a binary options service from the Finopex Group. They welcome traders from all over the world, except the United States. OptionFair has a distinctive feature that allows users to launch a mobile version of the binary trading platform for the first time, allowing users to trade on their smartphones.
Trading Platform
Bonus and promotions
The opening bonus for the account is awarded to the first person who trades on the platform. Regular promotions are also available. The amount offered as a bonus varies and is determined by your accountant for each customer.
Account Information
Open account balances are typically started at $ 200, but traders are actually in the account of $ 100 to start trading with you. OptionFair improves on this with a generous bonus of 10-30%. The minimum transaction amount is $10 and traders can operate accounts in US dollars and euros. Opening an account is an online undertaking, after which the trader must send a supporting document to Optionfair.com.
Trade Requirements
OptionFair offers a variety of electronic funding and withdrawal options such as Liberty Reserve, UKash, CashU, Skrill and credit/debit cards.
OptionFair features advanced pricing algorithms that enable the most competitive pricing on binary options and allow traders to trade on both sides of the asset. Even if you call them equivalent to ECN brokers in Forex, you will not be wrong. The range of assets that can be traded is unparalleled. Traders can make up to 85% in each trade.
Major platform and market offers
Trading Platform is a web-based platform that is easy to use and can be used by beginners without any hassle. One feature of this platform is that interactive charts are available for all assets listed for a transaction. As mentioned earlier, there is a mobile trading platform for use on smartphones, which removes restrictions on trading with computers. The assets traded are:
1) Currencies: EURUSD, USDCHF, USDJPY, AUDUSD, GBPUSD and Yen crosses.
2) Shares: Telefonica SA, Lloyds, Vodafone, Apple, Google, BP, Barclays
3) Commodity: gold and silver.
4) term index futures such as IBEX, DJ30, NASDAQ100, FTSE100 and Xetra Dax.
Asset indices are much broader than those listed above. A more extensive list can be used by merchants when opening accounts. Traders can trade the following types on a web-based trading platform:
a) high / low:
b) Touch / no touch options:
c) Border Options: Traders can trade OptionFair and In/Out options.
Traders can also use the Option Builder to select the assets they can trade.
Customer Service
OptionFair offers peer-to-peer customer support. Users in the support section initially see an FAQ section that covers basic questions about binary options and services. In the next step, traders can contact the multilingual support team by phone, email or live chat. Customer support is very powerful.
Is the option fair a scam?
OptionFair is a binary options brokerage registered in the British Virgin Islands and operating in Cyprus. The best broker in the industry was founded in 2010 and is managed by a group of skilled professionals in the financial sector. Regulated by the Cyprus Securities and Exchange Commission, the main regulator of the binary options industry. OptionFair has been involved in numerous innovations since 2010 and has succeeded in diversifying its product portfolio. In addition, it offers various security options to protect your transactions.
Final word
It is controversial that OptionFair is ranked third among the world’s best binary options brokers. It is the most popular broker with a competitive pricing structure, payment system, different funding and withdrawal options, and strong customer support. Most of the reviews you get from the traders who have used this service are positive. To date, there have been no reports of traders experiencing issues with certain brokers. This is a good broker to trade binary options.