A Fair Review on OptionFair

The growing popularity of binary options comes with a lot of uncertainties especially for new traders. But this shouldn’t stop you from a good opportunity to earn that much needed cash. You can start by reading reviews of the leading binary option online traders like OptionFair.

When it comes to binary option, you can say that OptionFair is becoming a household name. OptionFair is a company that has big goals on becoming the leading online broker and currently that goal is not far-fetched! Their good reputation is mainly credited to their trading platform and software that was provided by TechFinancials. Check out what www.optionfair.com has to offer below.

Features list

·         Regulated –No

·         Founded date - 2010

·         Demo account - Yes and the good part is that it does not have time limit

·         Starter Bonus – Yes, as a signing bonus you can get up to 30% of whatever your starting investment is

·         US Traders Accepted - No

·         Easy Deposit Options - Yes

·         Live Chat or Phone Support - Yes

·         Out of Money refund - No

·         Easy Withdrawals – You can only withdraw 100 EUR, GBP or USD if you chose wire withdrawals. However, when you chose to withdraw via your credit card, MoneyBookers or Liberty Reserve, there would be no minimum amount. To withdraw, just click on the withdrawal tab that is found at the Banking Page Menu.

·         Withdrawal fees – There is one withdrawal per month that will be free of charge, any additional withdrawal for the month will incur a $30 fee per withdrawal. The withdrawal fee can also be in EUR or GBP and is dependent on the trading currency.

·         Asset Classes – Forex (16), Stocks (9), Indices (12) and Commodities (3)

·         Multi-Language – English, Spanish, German, French, Arabic, Danish, Finnish, Italian, Chinese, Japanese, Norwegian, Swedish, Turkish

·         Minimum Deposit Amount –20,000 JPY or 250 USD, GBP, EUR but for deposits via MoneyGram and Western Union, the minimum deposit is 1500 EUR, GBP or USD. Deposits that are done via wire transfer have a minimum of 500 GBP, USD or EUR.

·         Reputation – Option Fair has a good reputation especially when it comes to good quality on their trading platform and website. Their site is rated by Google, AVG and Mcaffee as safe to browse in. Another factor that adds up to their stellar reputation is the finance professionals that are behind the company.

Rundown of OptionFair Features

OptionFair offers three instrument types or some call it as major features. The first one is the High/Low instrument where traders will have to predict and choose if the current market price will either go high (up) or low (down) over a specified time frame. The second instrument is the “One Touch” feature where traders will have to predict if the target price of the asset they are trading in would either reach a certain amount or not over a specified time.

The last instrument offered by OptionFair is the Boundary trading. On this feature, traders will speculate on the boundary rate of their chosen asset over a specified time. As a trader, you will have to predict if the value of the asset that you want to trade in will either deviate from the boundary or remain within it as dictated by the market price.

Trading Platform of OptionFair

The main strength of OptionFair is in their trading platform as it is 100% web-based without the complications of downloading programs to start trading. As a trader, this would allow you to dabble in binary options using other computers as long as it’s online. It’s easy to navigate and has a very user-friendly interface that even beginner computer users would not be afraid to navigate around their platform. It is also equipped with several functions that are built specially for trading in Binary Options.

OptionFair has three types of accounts to choose from. The first one is the standard account that is just perfect for beginners while the gold account is more adept for advanced traders. In the gold account, traders are granted with additional returns for every option that they choose. On the other hand, expert traders can go for the platinum account as it makes sure that traders will be able to take full advantage of whatever offer the binary options market have.

OptionFair Customer Support

The customer support is another strength of OptionFair and perhaps even one of the best out there. There are several ways to get support that includes email, live chat, fax and phone support. They even have a great and informational FAQ page that will benefit beginner traders as it pretty much covers even up to the simple question of “What is Binary Options”. With their choices of international phone numbers, you can be sure that you can get hold of a representative to assist you with your concerns.

With OptionFair’s trading platform that’s easy to use and 100% web-based without any need to download some program of sort to start trading, you can really say that they made a way to make trading easy. As long as you have an account setup with them, all you have to do is go to www.optionfair.com and you’re all set to trade.