OptionFair Review – The untold truth about OptionFair binary options broker
OptionFair is an online binary option broker which was founded in 2010 and ranks among the first providers of binary options on the internet. In OptionFair, innovation is a huge priority. This is how the broker was the first to provide the one-touch type of trade option, which is now the most standard offer of binary option trading types. The well programmed website makes it technically possible that, exclusively innovative types of trades can be made by this platform like 60 seconds or other short duration trades. OptionFair is also at the top of the maximal yield. OptionFair, provides highest payout rates up to 85%, but it can still be increased to 89% as a trader with platinum or a gold status
OptionFair Review | Trading Platform
The trading platform of OptionFair is designed by Tec-financials and is also considered to be one of the best in the world of binary option trading. It has a dashboard design for ease of use and displays all the necessary information on a single screen in the website. Although the platform is highly sophisticated, but it is also simple to navigate and keeps traders up-to-date with live data-feeds, real-time monitoring of open trades and instant access to over 100 global assets.
In OptionFair, traders can choose between four flexible financial instruments that allow for almost every investment possibility for a trader or investor. The instruments are: High/Low, Short Term, Boundary and One Touch. Their short term instrument allows 30 second, 2 minute and 5 minute trades. In fact, there are also special High Yield Boundary and One Touch binary options. The additional features is, there are no limits to how many trades can be opened at any time and it’s possible to monitor all of them simultaneously.
OptionFair Review | Bonus and Payout Rates
This broker gradually offers a tiered bonus of 10 – 30% on the initial deposits in trading account (usually for the first deposits: 10% for 499 USD, 20% for 999 USD and 30% for maximum of 5,000 USD). In addition, you get the possibility to process up to 5 risk free trades, so that you cover the loss of the inserted capital up to a 100%, because OptionFair refunds up to 5 trades that they end with very high losses. But you need to know that, in trading or other money related acts, never take risks that you cannot afford.
The payout rate of OptionFair is relatively very higher than other brokers in the market. They are offering a high profit rate of 85%, which can be increased by 89% (If you are a platinum or gold account holder).
OptionFair Review | Payment and Security
For deposits and payments, this broker accepts all common payment methods and also by MoneyGram and Western Union. Generally, deposits are free of charges. And in every month a free payment is due and every other payment is charged with $30. OptionFair offers a minimum payment amount of $100, which is comparatively lower than any other broker. The payments take place relatively fast with an average processing time of 36 hours and vary according to the chosen payment method. In OptionFair, you can open your trader account with a minimum deposit of $300 and the minimum bet per trade is $25.
OptionFair Review | Education Center
The key to effective binary options trading proper learning of trading from beginner level to expert level. OptionFair has put a lot of time and thought into the design of their free online education center where their clients can learn everything regarding trading business. The learning suite contains an ebook, Market Master trading strategies, video tutorials and the possibility of webinars. Along with other educational materials, there are also daily financial reports and financial archives.
The education center is perfect for both new traders and experienced binary options traders. Beginners can quickly develop a financial background knowledge and a working knowledge of the markets and the advanced traders can use the educational resources to devise sophisticated trading strategies.
OptionFair Review | Demo Account
OptionFair is counted among the best online binary brokers for us, because of the free demo account for traders. With OptionFair you must not have signed up and deposited money in your trading account. Simply get in touch with the customer service and set up a demo account with virtual trading balance of $500.
OptionFair Review | Customer Support
OptionFair’s website and platform is available in 13 different languages, but over phone, only English, Italian, Spanish, Arabic and French are available (local languages). Based out of Cyprus, they have an excellent Live Chat service available and from experience they are very quick to answer any issues over email.
However be aware that, they are a weekday and 9 to 5 type of broker. If you want to talk to someone at midnight on a Wednesday, you’re better off sending an email and waiting for a morning response.
OptionFair Review | The Good
While reviewing their website and trading platform, we have found that, their trading platform is simply very easy and have best UX. It is the most positive feedback of this broker.
OptionFair Review | The Bad
The only one negative point we have found during researching about them is, their minimum deposit amount is higher than other binary options broker. Otherwise, it is a good deal.
OptionFair Review | Final Words
OptionFair is an outstanding binary options broker that offers traders high returns on a wide range of assets. In short, the overall trading experience is highly positive and problem free, and the live support and account managers are professional and helpful.