OptionFair Review – STOP MUST SEE It Before YOU Joining
Our review of OptionFair will reveal that this is a strategically designed binary options platform that offers dynamic trading options. The primary goal of this brand is to offer secure and reliable trading efforts with a large variety of investment assets. Also what we found appealing is the simplicity of use that makes it an ease for beginners to dive into binary options trading and have not only a rewarding experience but an enjoyable one as well.
It has Fairsignals, which are trade signals for binary options just like the ones you would get from a binary robot software. They are in form of SMS or emails and they provide trading recommendations – making right trading decisions has never been easier.
OptionFair provides binary options traders with an excellent platform that promises high returns and using different accounts to meet each traders need. 7 Binary Options recommends OptionFair.
Broker Name: OptionFair
Online since: 2010
Jurisdiction: Virgin Islands
Software: Tech Financials
Max Returns: 91%
Minimum Deposit: $250
Minimum Investment: $10
Maximum Investment: $15000
Currencies: USD, EUR, GBP, Yen
Countries: All nations excluding USA, Japan & Israel
OptionFair offer a bespoke platform (written by TechFinancial) that is quick and easy to use. It offers a simple route to any trade. The layout is reasonably unique, but works very well. Certain elements are also configurable.
A trader’s first choice is the type of trade. These are listed to the left hand side of the trading platform, in a simple tab-style menu – the selected option is brought to the forefront. Below that are any further trade choices – for example, a ‘High/Low‘ option offers the traditional high/low, but also the above/below option for larger payouts.
The asset filter is then the next choice to be made – the list below will default to the most popular trades, but can be filtered by asset category, e.g. stock, currencies, commodities or indices. The list will update automatically, and default to the next expiry time. Any of these assets can be selected, and once selected, the information displayed on the right of the trading area will update with the current information for that asset. The expiry time can be selected and amended as required and is accompanied by a ‘countdown’ as the expiry approaches.
The central and right hand side of the trading area is dedicated to the trading buttons, asset price graphs, and the trade information area. The trading area illustrates and clarifies the terms of any potential trade. So the ‘High‘ or ‘Low‘ buttons are central, with the strike price between the two. (This layout can change fractionally dependant on the option type selected).
The amount and payout are listed just to the right of the trading buttons. The potential payout will auto-populate once the amount field is completed. There is also an indicator of whether the trade will be ‘closeable’ once opened. To the right is the asset price graph. This can be expanded if required (via the small graph icon, in the top right of the graph area). There is also a trader choice bar which indicates the current sentiment on that particular asset.
Beneath the graph is the trades area. This will list all the open trades, and track how they are performing. From here it is also possible to edit the trades, using the OptionFair features, such as the ‘Early closure‘ price or the latest tournament standings.
Is OptionFair a Scam?
OptionFair is not a scam. OptionFair were among the pioneers of the binary options industry as they launched their unique trading platform back at 2010 and already sold the trading platform to more than 5 brokers, some of them are much known binary options brokers (the platform is now called “Tech”). Unlucky for OptionFair, some of those brokers were probably better marketers as they’ve already claimed a stable status in binary options trading. BinaryOptionsthatSuck.com team has and still monitors those brokers including OptionFair for over 3 years now, and we are finally pleased to announce that OptionFair is back, alive and kicking. When I first review that broker over3 years ago, I was extremely pleased with the technology of this platform, including the short expiries and high profits. The fact that OptionFair is also the platform operator and owner only triggered me more to try and understand why other brokers, one of them is actually recommended by Bots.com, became more reputable. Other issues like withdrawal process, Bonus amounts and wagers, customer support and platform technology are much more important to me than a regulation stamp. I can honestly say that OptionFair really do qualify to be a recommended broker if taken those aspects of binary options trading into consideration, as I think they should and must.
Deposit is always an important issue, but here at BOTS we care more about the withdrawal. It’s easy to deposit, harder to withdraw as it turns out sometimes. When it comes to OptionFair, the limit for withdrawal is similar to most brokers in the industry, but when it comes to process time – OptionFair states that normally the withdrawal will be processed within 36 hours (VIP) to 5 days. No problem withdrawing your deposited amount if bonus wager is not fulfilled.
Deposit, Payment and Bonus
Optionfair allows you to replenish your account balance using multiple payment systems and bank cards. Among them are: Wire Transfer, Visa, Maestro, MasterCard, Skrill, Qiwi, WebMoney and others. Any earned money may be withdrawn from your account using the same methods. Bonuses offered by Optionfair are quite reasonable, but I can not say that they are much better than any other broker has but are also no worse.
– Good variety of campaigns
– Lucrative deposit bonus
– Lots of different trading options
– CySEC licensed
– Does not accept customers from USA
Today, it is one of the largest binary options trading platforms that I have tested. I think there are several explanations as to why this is. Firstly, this platform is so well developed and thought out, which gives it a huge advantage over other brokers.
Secondly, the company “Optionfair” largely has become an innovator rather than just a broker. For example, it pioneered such features as sixty seconds bids, one-touch and high profits. This alone increased the clientele of the broker by a significant margin.
The broker uses the platform of the leading developers and because of this, they have earned good status among peers and experts alike. Positive feedbacks about Optionfair is certainly proof of it. But the company did not stop there, and is constantly working to improve its service. This is the main reason why I recommend this broker for regular trading operations.