OptionFair Review

OptionFair
30-100% up to unlimited & 5 risk-free trades
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Overview

OptionFair company information Since the establishment of OptionFair in 2010 it’s being seen by many traders as one of the best binary option brokers. However this binary option broker seems… more

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Details

Broker OptionFair
Website URL www.optionfair.com
Founded 2010
Headquarters Ioanni Styliamou 6 2nd Floor, Office 202 2003 Nicosia, Cyprus
Support Number +357 25 503 232 fax: +357 25 503 001
Support Types phone, Fax, email: customercare@optionfair.com, live chat
Languages English, German, French, Spanish, Italian, Dutch, Arabic, Russian, Polish, Lithuanian, Hungarian, Romanian
Trading Platform Tech Financials
Minimum 1st Deposit $250
Minimum Account Size $250
Minimum Trade Amount $25
Maximum Trade Amount $5,000
Bonus 30-100% up to unlimited & 5 risk-free trades
Payout 91%
Free Demo Account Open Demo
Regulated Yes
Regulation Regulated by CySEC
Fees Yes
Fee Info No hidden fees
Commissions Yes
Commission Info No hidden commissions
Account Types Standard, Silver, Gold, Platinum, VIP
Deposit Methods wire transfer, instant bank transfer, credit card,Neteller, Skrill, Western Union, MoneyGram, Qiwi, Union Pay, JCB, Abaqoos, WebMoney, iDEAL
Withdrawal Methods wire transfer, instant bank transfer, credit card,Neteller, Skrill, Western Union, MoneyGram, Qiwi, Union Pay, JCB, Abaqoos, WebMoney, iDEAL
Trading Methods early sell
Number of Assets 1000+
Expiry Times 60 seconds, 2 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, end of trading day, end of trading week, end of trading month
Types of Assets binary options, forex, CFD's, commodities, indices, stocks
Option Types binary options, boundary options, one touch options, no touch options,
Trading Currency you can trade binary options and CFD's on all major forex pairs, all minor forex pairs and even exotic pairs like USD versus bitcoin
Account Currency euro's, dollars, pounds, yen
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 8.7

Full Review

OptionFair company information

Since the establishment of OptionFair in 2010 it’s being seen by many traders as one of the best binary option brokers. However this binary option broker seems rather new, it is not the case. The employees at OptionFair are all experts with years of experience trading the stock market. Financial markets seem to become more and more difficult over time but OptionFair tries to make binary options trading as easy as possible with their user friendly binary options trading platform.

OptionFair is owned by Mika Holdings Inc. based on the British virgin islands at Omar Hodge building, 325 Waterfront Drive, Road Town, Tortola. Each shareholder in the company has years of experience trading the stock market. If you would like to contact OptionFair, that’s possible by phone, fax, email and live chat. Contact details can be found in the information tables above this review.

OptionFair binary trading platform

The OptionFair binary option trading platform is designed for both the new and starting binary option traders as seasoned binary option traders but mainly focuses on people new to binary option trading. OptionFair offers loads of educational material for new binary option traders. For example: video’s, seminars and personal account managers that help you with 1 on 1 trading training sessions.

On OptionFair people can trade three different types of options. Standard or vanilla binary options, Boundary options and One Touch/No Touch options which can pay out up to 350%! OptionFair has some features not available on other binary option brokers like the possibility to close trades before their expiry time. Traders will be paid out a slightly lower percentage if the trade is winning at the moment or a small percentage cashback if the trade is losing at the moment. To let traders make better decisions, OptionFair offers daily Highlights and market analysis. This saves a lot of time browsing on the net for economic news. Last but not least OptionFair recently designed a sleek binary option trading app to trade anytime, anywhere with your smartphone and/or tablet.

Recently OptionFair added forex and CFD’s to its tradeable financial assets, thus making it a forex and binary options broker. To trade both products on the same trading platform is unique among online brokers.

OptionFair account types and banking

OptionFair knows there’s a difference between traders and has multiple account types available for this reason. The Standard Account is available for new binary option traders and a minimum deposit of at least $250 is required to open such account. The other account types include: silver, gold, all the way up to VIP and are made for experienced binary option traders and have higher pay out percentages on each option type and give access to more (advanced) functions. For these type of accounts higher (cumulative) deposits are required. Depositing and withdrawing funds on OptionFair is easy and can be done by wire transfer, credit cards and online payment processors like Skrill/Moneybookers, Neteller and Paypal.

OptionFair pay outs

The pay out percentage on standard or vanilla binary options is rather high on OptionFair, 85%, whilst binary option traders with higher account types get even higher regular pay outs. VIP account holders get paid out a whopping 89% on standard binary options, which is very high and competitive with other binary option brokers. One Touch/No Touch options pay out percentages vary from 350% to 550% depending on account type. Unsuccessful trades pay up to 10% in cashback.

OptionFair review conclusion

Personally I like the graphics and user of interface of OptionFair. I have used OptionFair quite some time myself because I could trade binary options, forex, CFD’s, commodities and indices, all on the same platform. The fact that OptionFair focuses mainly on new traders is a absolute plus, the amount of education material is unmatched by any other binary options broker. The minimum required deposit of $250 is a bit high compared to other binary option brokers but I wouldn’t recommend trading with just a few bucks anyway (unless you’re in to penny stocks). The welcome bonus of 5 risk-free trades comes in handy, especially for new traders and equals a 100% deposit bonus (the 5 risk-free trades are each up to 20% of your first deposit amount). The easy to use user interface and trading platform both make OptionFair a great broker for new binary option traders. The advanced functions for higher account types are perfectly suitable for seasoned binary option traders.

✓ Trade both binary options and Forex on the same platform

✓ 5 Risk-Free trades welcome bonus equaling 100% of your first deposit

✓ Insanely high first deposit bonus for Silver, Gold and VIP accounts up to $10,000

✓ Lots of education material for new traders

✓ Easy to understand user interface and trading platform for new traders

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Pros

  • Trade both binary options and Forex on the same platform
  • 5 Risk-Free trades welcome bonus equaling 100% of your first deposit
  • Insanely high first deposit bonus for Silver, Gold and VIP accounts up to $10,000
  • Lots of education material for new traders
  • Easy to understand user interface and trading platform for new traders

Reviews

User experience

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Platform

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Reliability

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Customer Service

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Payouts

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Overall Rating

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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