Binary options broker OptionFair was registered in Cyprus in 2009. This trading broker is operated by BO TradeFinancials (Cyprus), which is known for its excellent business reputation.
The brokerage company was created and organized based on financial market experience of the parent company. The range of trading tools and underlying assets offered by the broker was carefully selected on the basis of thorough analysis of market fundamentals and with regard to traders’ needs.
The well-thought approach and high skills of employees involved in the new project allowed to create a brokerage company, which in record time became popular among a wide range of customers, including individuals as well as large hedge and investment funds. The number of the company customers now exceeds 200 000.
Deposits and Withdrawals
The broker is offering a standard set of financial instruments for depositing and withdrawing funds:
- Bank transfer;
- Visa and MasterCard credit cards;
- Webmoney, Skrill, QIWI;
- Moneygram and WesternUnion payment systems.
The latter payment systems are not widely used in such operations. It is fair to note they are not very popular among OptionFair customers.
The company accurately performs money transactions. Bank transfers are made within 2-3 working days. Online payments are effected within one day.
If withdrawals are made not more often than once a month, the broker charges no commission, otherwise the commission is $30 USD.
Reliability and Certification
Financial activity of the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a strong proof of its reliability.
The broker’s liquidity is the result of its partnership programs with the world’s leading liquidity providers and introduction of innovative technologies aimed at ensuring customer asset safety and security of money transactions.
Bonuses and Promotions
OptionFair is offering a unique bonus to its customers – five no-risk transactions. Every customer, who opened a live trading account and made a deposit in the required amount, can conclude five transactions, which can be profitable but can bring no loss.
In our opinion, the bonus is not quite valuable but as an advertising tool it’s very efficient.
Besides, customers get a welcome bonus for initial deposit.
The broker regularly holds promotions and tournaments for its clients. Detailed information about their terms and conditions as well as bonus rules is available on the company’s official website.
Trading Accounts and Options Types
Customers of the company can register the following types of live trading accounts:
|Minimum deposit (USD)||300||500||2000||15000||50000|
|Welcome bonus (%)||20||40||60||80||100|
|Minimum trade amount (USD)||25||25||25||25||25|
|Additional profit (%)||0||1||2||3-4||5|
|Free trading strategies||0||1||3||5||Unlimited|
The range of options the broker is offering to trade is quite standard:
- Short Term (expiry time from 30 seconds to 5 minutes);
- One Touch.
Underlying assets for the above options can be as follows:
- Currency pairs;
- Stocks of large companies.
OptionFair is offering its customers to trade on TechFinance platform widely used by various binary option brokers. OptionFair experts somewhat upgraded the platform and enhanced its functionality. The information and research section changed the most. Besides, quotes algorithms were substantially optimized.
The platform interface stayed practically unchanged.
One of the main attractive features of OptionFair’s trading platform is that customers can use the maximum number of trading tools and underlying assets. The platform supports the following languages:
Customer support service of OptionFair is working in 24/7 mode. Customers can get in touch with support representatives at any time through the following channels:
- Multiline phone;
- Live chat.
Any language of those the trading platform supports can be used for communication.
Educational programs developed by the company specialists are worth special mention. Apart from video tutorials for beginners, advanced training courses are available on the website. It is sure to say that any trader irrespective of its level will find here much useful information.
Besides, there are regular educational and topical webinars.
Pros of Trading with OptionFair
- High payouts (up to 90%);
- License and high liquidity level;
- Efficient educational programs.
Rather high minimum deposit and minimum trade amounts can be counted as OptionFair disadvantages.
Frank Ver: I’ve been working on OptionFair platform for three years and I’m very pleased. I can’t say everything was trouble-free but all the problems were solved quickly and to my benefit as a rule. Convenient withdrawals. Well-planned set of trading tools and underlying assets.
SimonFx: I’ve been trading with OptionFair for six months. I chose the broker mainly because of its educational center. I am a beginner trader and was fascinated by how easy everything is explained as well as by sympathy and high professionalism of the customer support team. I’d like to thank them for the comfortable environment they create for their customers.
One can say that OptionFair is a standard broker. You will see here nothing outstanding or brand new. But only after working on this platform for some time, you will realize that this simplicity and commonness is hiding professional work of highly skilled staff whose priority is to create the most comfortable trading environment for the company customers.