Is Optionfair a reliable binary broker

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    Best Binary Options Broker 2020!
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  • Binomo
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OptionFair Trading

OptionFair trading offers a plethora of features and trader-centric tools. There are so many features on this binary options trading platform that it is difficult to pin-point which one is better than the other.

OptionFair holds the distinction of being one of the oldest options broking firms. It began operations in 2009.

The boundary feature

This feature lets you choose a range and predict if the price of an asset will eventually fall within this range. There is a Boundary tab on the user interface that hosts this feature. You click In if you feel that the price of the asset will fall within this range. You click Out if you feel that the price of the asset will fall outside the range.

It is recommended that you read the FAQ (Frequently Asked Questions) section before beginning to use OptionFair trading platform. This section lists all the possible questions you may have, and their associated answers. After reading this section, you are more knowledgeable on the features and tools of this platform.

The trading interface

The OptionFair trading interface is unmatched in performance, reliability, robustness, ease of use, and instructiveness. This highly interactive user interface is useful for all types of traders. If you are a novice trader or an experienced one, you can use this trading platform very efficiently.

Visual appearance of the trading platform

  • Life can be boring if the workplace is not ergonomically designed, and dimly lit. When you Trade OptionFair, everyday is exciting. The visual appearance of the user interface is best-in-class. The sleekness and professionalism by which the layout is presented is outstanding.
  • There is no clutter on the user interface and yet you can access a variety of information. All underlying or related pages can be accessed from the home page within a couple of clicks. This type of architecture allows you to spend less time navigating the web user interface and more time OptionFair Trading.

OptionFair assets

  • In the options trading industry, OptionFair is the only online broking firm that offers so many assets. You can choose from asset categories such as currencies, commodities, indices, and top stocks. Options have varying expiration times. There are options expiring within an hour, to a day, and to within a month.
  • Trading is easy on OptionFair. You don’t have to make a deposit to get started. You do have to make an initial investment to start trading. OptionFair provides you a demo account. You can use this account to hone your skills before beginning to do the real thing.

Why Binary options and OptionFair?

  • Binary options trading is the latest entrant in financial instrument trading. It is unlike other forms of trading such as stock and foreign exchange trading. It is a simpler form of trading and is very exciting.
  • The best part of options trading is that it is open to people of all backgrounds. One need not have any previous knowledge to start trading.
  • OptionFair, being the best options trading platform is an ideal place to being OptionFair trading on binary options.

OptionFair Scam Review

Rating:

Trading in binary options can be challenging to the new binary options trader who do not have the necessary trading experience or tools. It is highly recommended that new or novice traders in binary options should consider the professional assistance of experienced binary trading brokers. Find out if this broker can be your choice in our Optionfair scam review!

Min. Deposit: $250 Demo: N/A

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

Platform: Custom Bonus: N/A

Regulation: N/A US Clients: Yes

Sign up with IQ option Instead
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

There may be plenty of binary options brokers in the market, is OptionFair somehow offering a more satisfying trading experience in binary options with up-to-date technologies and solutions that generate successful trading? We recon that no. The learning curve on trading binary options is shorter for traders to reap handsome returns on their investments with OptionFair. This broker offers mediocre services that are no better than at the most of other regular brokers. Additionally, there are a few things that concern us. Continue reading Optionfair scam review and you will find out which.

Optionfair overview

OptionFair is a long established broker in the binary options trading market to provide the best of trading counsel and assistance. This is one of the leading trading platforms in the market with superb trading facilities and services offered to boost the trading confidence and bottom line of traders. Be aware that Optionfair platform is no different from other platforms and there is nothing that can boost your trading confidence at this broker.

OptionFair manipulates unique software algorithms that are highly advanced in technology and design. Their trading platform is powered up to simplify trading in binary options for even novice traders to enjoy trading binary options at any season despite market conditions. There are no unique algorithms that will help you trade binary options profitably, only scam brokers manipulate such statements.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Are Optionfair trading features professional?

OptionFair offers abundant delightful trading features that are easy and simple to understand and execute. The primary attraction of this trading platform is the ease of manipulation of its trading features in trading binary options. A trade is easily activated at OptionFair through a few simple steps with well defined parameters that confirm the trading transaction.

Moreover, OptionFair offers a simple but very popular trading strategy called “One Touch Trading” for traders to activate trading in binary options. The simplified trading process does not require determining the rise or fall of a preferred underlying market asset by considering the asset price, expiry date or other factors impacting a binary options trade which new or novice traders may find daunting.

Another simple trading feature with OptionFair is the availability of its “Boundary Trading” feature. This is also known as “Range Trading” where traders may exercise their right in determining the price trend of their preferred underlying market asset prior to trading. Boundary Trading at OptionFair allows traders to fine tune their trading skills by specifying the “IN” or “OUT” choices for the traded asset price to fall above or below their predicted prices on the asset.

OptionFair trading platform also permits early closures to open market position trades to bypass predetermined expiry times. This “My Open Trades” feature allows traders to select their preferred open position trades easily with a simple click of the “Close” button prior to the expiry time indicated earlier.

Busy and veteran binary options traders would enjoy super fast trading with OptionFair’s “60 Seconds” feature which is fast becoming popular. Trading in this feature takes only 60 seconds or one minute to determine the outcome of their trading activity and hence, traders are able to execute more winning trades while the market is on the roll.

During our optionfair scam review we found out that this broker does not offer any special features. Moreover, features that have been offered by it, are not of a high quality. We advise you to stay away from low-quality brokers!

Optionfair returns on investments

OptionFair investors can enjoy as high as 85% on their trading investments through the diligent manipulation of this trading platform’s trading features. Sound professional trading counsel could be sourced and applied to capitalize on the market trends depending on the type of underlying assets traded and the trading strategies employed.

Another bonus trading feature of OptionFair is a high refund between 10% and 15% for traders who end up with “out-of-the-money” trading. Trading losses are reduced with such rebates for traders to continue trading comfortably.

OptionFair offers attractive bonuses to their esteemed clients with welcome bonuses and deposit bonuses when various conditions are satisfied.

Optionfair returns on binary options are not as high as they claim. You can find returns as high as 85%, but only on a few assets. Other assets offer significantly smaller returns at 50% level.

Optionfair assets review

A successful binary options trade must have a wide array of underlying market assets to choose from. A wide span of available assets to be traded attracts more traders to this platform which offers a continually expanding list of different underlying assets.

OptionFair offers a wide range of trading assets from commodities, foreign exchanges, indices and stocks.

Favored commodities to be traded include:

Popular forex pairs trading on OptionFair includes:

Indices at OptionFair sport the more popular options in:

  • FTSE-100 Future
  • S&P-500 Future
  • Dow Jones – 30 Future.

Popular stocks that are commonly picked at OptionFair include:

Optionfair Customer Support

The popularity of OptionFair as a preferred trading platform could be attributed to its excellent customer services where traders enjoy personal and friendly customer support by an experienced and friendly trading support team.

OptionFair customers are able to contact and consult the trading support team via telephone, LiveChat or email. The customer support team at OptionFair is fluent in a variety of major languages that include:

A global clientele is noted at OptionFair with its well designed website in 13 major languages to service traders all over the world.

Optionfair deposits and withdrawals review

A variety of deposit and withdrawal options is made available at OptionFair to ensure convenience and security of trading transactions involving money. OptionFair traders can choose to transfer their funds for trading via Liberty Reserve, MoneyBookers, Western Union, MoneyGram, Wire Transfer and major credit cards.

Withdrawals at OptionFair are processed quickly and efficiently within 36 hours via a highly secured 128bit SSL encryption. Regular compliance and safety checks are conducted to maintain the high security integrity exercised by this trading platform.

OptionFair clients enjoy the high reputation of this well established binary options trading platform that caters to a global market with a progressive market vision. Its fair and reliable services build up the faith of traders especially new or novice traders without strong trading skills or knowledge on financial markets.

Even though this broker has plenty of deposit methods, we advise you not to sign up with scam brokers. Optionfair scam can leave you without your trading capital easily, so be careful.

Optionfair scam review conclusion

Many traders would rate OptionFair highly based on their satisfactory experience and the wide range of trading features, facilities and services provided. The availability of 24/7 customer support is a definite plus point for OptionFair to draw in more traders with daily market highlights and analyses offered freely.

Different traders can open different types of trading accounts to capitalize on their trading opportunities for optimal returns. Mobile trading is supported with the incorporation of the latest technologies even on a limited asset trading list.

Our optionfair scam review supposes that this is one of the scam brokers that should not be trusted. There are reliable choices in the binary option industry, but optionfair scam is definitely not one of them.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Optionfair Review

Summary

OptionFair offers a highly regulated binary options product and has a reliable portfolio of services. As is the case with all established brokerages, there are a few drawbacks, but none of them contributes to being a deal breaker as far as investing and trading binary options with OptionFair is concerned.

Introduction To OptionFair Trading Review

Trading with a regulated and licensed binary options broker does have its premier advantages. Safety of funds is paramount to every investor, and there isn’t a single trader in the world that isn’t worried about the implications of investing their trading capital in a fraudulent company. Profits in binary options trading are not only dependent on a sound knowledge of the market practices and a profitable trading system, but it also depends on the reliability of the binary options broker.

OptionFair is an established binary options broker that has several advantages that are conducive to safe and reliable binary options trading. In the financial markets, OptionFair has earned a positive reputation that is garnered primarily through a reliable trading service. There are areas where OptionFair can improve its products to suit the requirements of modern traders better, but overall, OptionFair does stay true to its guarantees of providing an authentic service. Our comprehensive OptionFair broker review should be able to serve as an excellent guideline for traders and investors who wish to understand the benefits and drawbacks of OptionFair before investing.

OptionFair Company & Licensing Details

OptionFair is a regulated binary options broker and is one of the very few in the markets that are actually recognised by a credible regulatory agency. OptionFair has its official headquarters in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). OptionFair is regulated by the CySEC under its parent organisation, known as B.O. TradeFinancials. B.O.TradeFinancials has two branches operating in Cyprus, with its registered headquarters operating out of Nicosia and its operations centre operating out of Limassol.

According to the CySEC regulatory policies, OptionFair should satisfy minimum capital requirements and is expected to submit periodic audit reports to ensure financial transparency. All traders’ funds are kept in segregated accounts and are protected through the Investor Compensation Fund (ICF) that promises to reimburse traders up to €20,000 in the case of broker insolvency. Hence, OptionFair is indeed one of the more credible and genuine binary options brokerages that provide a robust trading environment that is devoid of any financial malpractices.

Tradable Assets At OptionFair

There is a choice of around 130 different financial instruments at OptionFair, which is considered to be at par with the standard list of assets provided by leading binary options brokers. Although OptionFair manages to offer a varied instrument list, there may be instances when established traders might require access to a diverse choice of options, especially when it comes to trading Pairs and futures. Nevertheless, traders can expect to cover some of the major financial markets by trading in instruments that range from FX currency pairs, commodities, indices, and stocks. Here is a list of all the underlying assets provided by the company:

FX Pairs: EUR/USD, GBP/USD, EUR/JPY, USD/JPY, GBP/JPY, EUR/GBP, EUR/CHF, AUD/CHF, EUR/AUD, GBP/AUD, NZD/CHF, GBP/CAD, AUD/USD, USD/CAD, USD/TRY, EUR/TRY, AUD/NZD, CHF/JPY, GBP/CHF, CAD/CHF, USD/MXN, GBP/ZAR, AUD/CAD, USD/HUF, Bitcoin/USD, US Dollar Index, USD/BRL, AUD/JPY, CAD/JPY, EUR/CAD, EUR/NOK, EUR/ZAR, NZD/USD, USD/CHF, USD/NOK, USD/ZAR, USD/RUB

Commodities: Brent Oil, Gold, Silver, Platinum, Gold/JPY, Gold/EUR, Gold/Silver

Indices: DOW Jones, S&P 500, Nasdaq 100, BOVESPA, CAC 40-Future, IBEX 35, MIB 40- Future, SMI- Future, DAX 30- Future, FTSE 100- Future, IBEX- Future, BUX, MICEX, RTS Index, Nifty- Future, ASX 200-Future, Hang Seng Future, Nikkei 225-Future, TOPIX500, Bombay- 30, TA-25, TADAWUL, DUBAI, Kuwait Index, Qatar Index, Oman Index, South Africa 40 – Future

Stocks: Vodafone, BP, Telefonica, Orange France, BNP Paribas, AXA, Societe General, FIAT, BBVA, Gazprom, Renault, Sberbank, Tesco, Royal Dutch Shell plc, Samsung Electronics, Barclays, OTP Bank, MOL PLC, NK Lukoil OAO, Richter, Enel, Azimut Holding, Telecom Italia, HSBC, Adidas, Volkswagen, Siemens, PAO Severstal, Norilsk Nickel PAO, Google, Apple, Coca Cola, JPMorgan Chase, McDonalds, Microsoft, Cisco, Intel, Amazon, Yahoo, EBay, Pfizer, IBM, NIKE, EXXON, Citigroup, Amex, Baidu, Facebook, Netflix, Priceline, Disney, Gold Corp, Silver Wheaton, Goldman Sachs, Twitter, Boeing, Tesla, Visa, MasterCard, Alibaba, Pepsi, Honda Motors, Ferrari, GoPro, PayPal, Herbalife, Sony, Sumitomo, Toyota, Tata Motors LTD, ICICI Bank, Samsung, Anz, BHP Billiton, Westpac Banking, Rio Tinto

We would have certainly preferred the broker to provide a few more stocks and commodities, and it would have been an excellent idea for the broker to have provided Pairs and other unique options. We really don’t feel that the number of financial assets to be lacking in any aspects, and the instruments on offer should be sufficient for most traders.

Fees Of Trading, Products, & ROI At OptionFair

We are not aware of any hidden fees of OptionFair trading, nor have we found out any other costs that are related to maintaining an account at OptionFair. OptionFair is a regulated company, and it is expected to adhere to the policies and regulations set by the CySEC. Therefore, we are almost guaranteed that OptionFair does not charge any unnecessary costs to make up for any revenue loss or for improving their bottom line.

The broker enables trading of all of its underlying instruments through four different binary options products. Traders can choose the most popular High/Low options, or choose Short-Term, One Touch, and Boundary options. The High/Low binary options trades offer a maximum payout of 85% for certain instruments, which may be lowered down to 70% for several assets. Therefore the average payouts are higher than the average payouts that are offered in the market, and the highest payout of 85% is indeed representative of the average ROI offered by leading binary options brokers. If we have any complaints, it would be that the broker does not offer the possibility of receiving a refund for losing trades.

Despite the good payouts, we were disappointed to see that the Range and Touch options only provided an average of 70% ROI for in-the-money trades, which usually qualifies for revenues as high as 400% and 500%. Even the smaller binary options brokers offer a minimum of 200% ROI for these options, and we are not sure about the reason behind the company’s significantly smaller payouts for these exotic options. If you are indeed looking for the highest payouts, we do believe that the traditional high/low options to be the best bet for the largest returns.

OptionFair Platforms & Minimum/Maximum Investment Per Trade

All trading needs for OptionFair users are met by the third-party TechFinancial trading platform, which is a highly popular web trading interface that is adopted by numerous binary options brokers. The TechFinancial platform is one of the most advanced trading interfaces in the market and is constantly developed to provide an amazing user experience. The TechFinancial platform has the most user-oriented trading dashboard that not only provides all the platform features within easy reach but also provides the option of trading FX/CFD products along with the various binary options platforms. Traders can access all relevant account information through the trading interface to access the financial assets, expiry times, and even modify the charting options to suit their requirements. The OptionFair platform also has a trader dashboard that provides all information about open trades, trade history, news releases, promotions, economic calendar, and trading alerts, all accessible at a single place.

Traders are free to open any number of positions as they desire, but the company has capped the maximum exposure to $5000. The maximum cap on the trading is designed to reduce the risk to traders, but it may adversely affect larger traders who have larger equity in their accounts. However, we are comfortable with the maximum limits and recommend our traders to use their money management skills and lower capital outflow to reduce the risk in the market. The only concern is the minimum investment amount, which should be lowered to a more acceptable level to cater to smaller traders.

Availability Of OptionFair Mobile Apps

Trading on the move has never been as easy as trading with the OptionFair mobile trading apps, which are available for both iOS and Android devices. Traders can now install a dedicated OptionFair mobile trading platform on their devices by accessing the apps from the Google Play Store or the Apple App Store. These mobile trading interfaces do enable the best trading experience and are compatible with most modern smartphones and tablets running on Android and iOS operating systems. The OptionFair apps are fairly reliable and provide the best support to offer no compromises when compared to the desktop trading interface.

OptionFair Funding Options

An OptionFair account is only available for traders that are willing to deposit a minimum of $300 as the initial deposit, which is slightly larger than the $250 required by other mainstream companies. $300 is certainly a lot higher than brokers that accept smaller deposits, which can be as low as $1. The broker also enforces a maximum deposit of $1500 for new account holders, which will be eased if the broker believes that the trader does not have a gambling tendency. These financial restrictions are imposed as part of the regulatory requirements and are an essential aspect of enhancing the safety aspect of binary options trading.

OptionFair has a broad range of funding methods, including Credit cards, Wire transfer, Western Union, WebMoney, MoneyGram, Skrill, and Neteller. These options allow traders to use any funding option according to their preferences, and all methods, except for Wire transfer and MoneyGram, ensures instantaneous transfer of funds. The broker also provides same day fund transfer for withdrawals, and traders should expect the funds to reach their accounts within 48 hours. You should realise that wire transfer may take a longer time to process.

OptionFair Bonuses & Promotions

Being a regulated binary options broker, OptionFair does not provide any bonuses to its clients. Instead, the company offers trading insurance that provides a few risk-free trades that has a few trading conditions. The lack of bonus is indeed an issue for most traders, but it does prevent any conflict of interest. On the other hand, the broker may provide seasonal promotions and refer-a-friend programs, which offers the chance to win cash prizes and trading credits.

OptionFair Demo

An OptionFair demo account is only available for traders after making a deposit, which defeats the purpose of a demo account. Traders usually don’t trust such brokers, as there are cases where brokers withhold clients’ money if they are not satisfied with the services. Nevertheless, OptionFair is a regulated binary options broker, and the broker will honour all withdrawals without any questions. Yet, we would have felt more comfortable with the broker if they had a free, unconditional demo account in their service portfolio.

Effectiveness Of OptionFair Customer Support

OptionFair has a thoroughly professional customer service department and is as expected from a regulated binary options broker. There is an option for live chat, or traders can contact the broker’s representatives through email and dedicated phone numbers. The EU has a strict regulatory framework that concentrates on improving the customer service aspect, which is why OptionFair continues to be among the top brokers when it comes to customer satisfaction.

OptionFair Training materials & Other Trading Features

OptionFair offers a very basic training resource that does not induce much confidence among traders. There are trading signals and news coverage provided for free for all verified customers, but that may prove to be insufficient for smaller traders. OptionFair needs to work on improving its training resource to be able to keep up with the resources offered by other mainstream binary options trading companies.

OptionFair Final Verdict

  • A Highly regulated binary options broker that guarantees the safety of investors’ funds.
  • Payouts are at par with the industry standards.
  • Access to a global list of financial instruments.
  • Traders get access to a highly reliable trading platform for both desktop and mobile trading.
  • The customer support department offers top-notch service.

CONs

  • Demo account is only available for registered traders and after making a deposit.
  • No bonus offered in any form.
  • Payouts for Touch and Range options are lower than other brokers.

Is OptionFair A Scam?

OptionFair is not a scam broker and is regulated by the CySEC of Cyprus, which is one of the most credible regulatory organisations of Europe. CySEC has several regulatory policies that prevent companies from indulging in any scam activities.

Does OptionFair Process All Withdrawals On Time?

Yes, EU regulation has guaranteed that OptionFair processes all withdrawals on time. Of course, there may be slight delays in payments due to payment conditions or internal delays, but the broker does process all withdrawals on time.

What Is The Minimum Deposit For Opening An Account?

Traders should invest a minimum of $300 for opening an account, while the maximum deposit is limited to $5000.

Do I Get Access To Professional Customer Service?

Yes, OptionFair has the best customer support department that is responsive and professional towards all clients.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

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