OptionFair Reviews By Real Clients

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OptionFair Reviews By Real Clients

OptionFair is one of the earliest binary options brokers to operate in the industry. The company was founded in 2020 and it has managed to build a good reputation over the years of operation. OptionFair is popular for its simplicity when it comes to trading signals. The company sends signals to clients either through SMS or email. As such, it is recommendable for newbies who seek to learn the skills of binary trading.

OptionFair Review

The company boasts of offering some of the highest returns in the market, as high as 91%. OptionFair is owned by B.O Trade Financials and was founded in Virginia Islands, British. For any inquiries, you can reach them on email address [email protected] This article will highlight some of the most prominent features of OptionFair. It will also look at the pros and cons of the broker to determine if it is fraudulent or a legit platform.

Innovations

To start, it does not come as a surprise to see new trading innovations engineered by OptionFair. The company is popular for several innovations, which are currently almost a basic requirement for a good binary options broker. The innovations include trade signals features that source for the most recent trades, business and financial information across the globe. As such, traders know when to trade and when not to trade.

Additionally, the broker introduced the OptionFair 60 seconds. This feature allows the trader to predict an asset price direction within the expiry time of the asset. In this case, the period is just one minute. With the 60-second feature, you can make rapid profits within a very short time as long as you can accurately read the trading trends well and make prompt and accurate trading actions. The continuous advancement seeks to give the best trading experience to investors. Therefore, the company proves to have customer’s satisfaction as their priority, unlike others who seek to make profits.

Easy to Use Trading Platform

OptionFair has an easy to navigate web-based trading platform that is operated on technical Financials software. The trading platform is user-friendly and accommodates both newbies and gurus in the industry. It provides a live chat in English, Russia, Polish, Spanish, Arabic, Italian, and French. As such the broker supports trading from across the globe as long as trading is legal in your state.

The trading platform is supported in mobile apps allowing you to trade even on the move no matter where you are. The mobile trading app is supported on android, iOS, and currently on iPhone. Therefore, with OptionFair you cannot miss any trading activity.

Trading Assets

The company boasts of offering over 130 assets to choose from including currencies, commodities, stocks, and indices. The trading platform deals in major currencies they are USD, EUR, GBP, RUB, and HUF. Other than that, the commodities traded in include Gold, Platinum, Silver, and Crude oil. They also deal in Gold/EUR, Gold/Silver, and Gold/JPY. Therefore, no matter your choice of funding providers, the company ensures that you can easily trade and make profits.

Payments

All funding payments are made through, credit and debit cards, Visa MasterCard, bank wire transfer, e-wallets example money gram and skrill among others.

The minimum deposit allowed is $100 for card payment and e-wallets for wire transfer the deposit is $50 and $1000 for western union.

The company has a minimum amount allowed for withdrawals. The withdrawals are charged $30 or the equivalent currency account as withdraw commission. However, they offer a free withdrawal every 31 days. Processing of withdrawals may take up to 48 hours and longer for wired transfer.

Security

OptionFair has heavily invested in the security of both data and funds for its customers. First, the broker uses SSL encrypting technology to protect data from unauthorized users and third parties. Since the company uses Tech Financial software, you are guaranteed that both your funds and data are secure. Similarly, all transactions are verified by Visa and MasterCard. The company is licensed by CySEC emphasizing on the trustworthy nature of the broker to its clients.

Accounts

The company offers three different types of accounts, which differ according to the initial deposit. The accounts are, standard suited for beginners, silver account, Gold account, Platinum and VIP account.
Bonuses and Promotions

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The binary options broker offers bonuses for the first deposit. The amount of bonus you get depends on your account type and goes to a maximum of 100%.

  • To start, the company has heavily invested in advanced security features. Thus, you do not have to worry about the security of both your funds and data.
  • Secondly, no matter your financial muscle you have a wide range of accounts to choose from while investing.
  • Similarly, no matter your trading asset of choice you can easily invest and trade with OptionFair.
  • Other than that, the trading platform is user-friendly and therefore even beginners can easily navigate through it
  • Finally, trading is not limited to a desktop computer. You can trade anywhere using the mobile trading app.
  • Firstly, the account offers a demo account but you are required to deposit money. These beat the use of a demo account since it should be free to help you gain trading skills. As such these appears as a red flag to potential clients.
  • Secondly, the company stopped accepting new investors in 2020 and the trading platform is no longer active.
  • Finally, yet importantly, some clients have complained of having their money locked in by the trading platform. This, therefore, questions the legitimacy of the platform.

Final Verdict

With the company’s features, pros and cons highlighted above, OptionFair is still on the fence and we are unsure of our recommendation. Especially considering the news that they may not be accepting clients. At this point we would be more willing to recommend Pocket Option or FINMAX as more viable options. Always remember that trading in binary options is a risk. Investing in a broker is not a guarantee riches and you should only trade in what you can afford to lose.

OptionFair Review

Trading Platform OptionFair

The trading platform provided by OptionFair is created by OptionFair’s sister company called TechFinancials. The platform has been developed with an aim to offer the optimal interface and tools for binary options trading. The platform itself supports a wide range of financial instruments and assets. The team of TechFinancials has created a set of advanced pricing algorithms, which lets them offer the tech able to power an impressive range of financial instruments. TradeFinancials platform is managed by experts in binary options trading who use their knowledge and experience to make sure you can invest and trade safely and effectively.

Standout features of OptionFair’s trading platform are its One Touch Trading, and Boundary Trading or Range Trading. Another notable feature is that you can close any open market position before the predetermined expiry time. For fast trading, you can try the “60 Seconds” feature which tells you in a minute whether your option will expire in or out of the money.

The broker guarantees safety and transparency of their service and gives you the opportunity to select either sides of a single option to make sure of the guaranteed fairness in pricing with no spreads, fees or commissions.

You can also easily trade on the go with a great mobile app provided by OptionFair which allows you to stay constantly connected to the world’s financial markets no matter where you are.

  • User-friendly trading platform
  • Option for weekend trading
  • Mobile trading is supported
  • Low spreads
  • Regular offering of large bonuses
  • High returns within 60 seconds
  • High refund percentage of 10% to 15%
  • Good bonus for “Invite a Friend” promotion
  • Early closure feature
  • Daily market highlights and analysis provided
  • PayPal is not supported
  • Does not cater to US traders
  • Limited asset list

Platform type: Tech Financials

Platform Languages: English, Spanish, German, French, Chinese, Italian, Turkish, Arabic, Swedish

OS Compatibility: iOS, Windows

Streaming News Feed: Yes

Email Alerts: No

Mobile Alerts: No

Company information OptionFair

Located in: British Virgin Islands

Website: www.optionfair.com

Founded in: 2020

Accepts US Clients: No

Phone number: 0044 203 5190373

Email: [email protected]

Account Options OptionFair

Commission:

Minimum Deposit: $200

Payouts Percentage: 85%

Deposit Options: MoneyGram, Credit Card, Debit Card, Bank Wire Transfer, Western Union, Moneybookers

Withdrawal Options: Credit Card, Bank Wire Transfer, Western Union, Moneybookers

Payout Ratios: Returns can go as high as 85%. You can get a 10% to 15% refund for losing trades.

Available Assets OptionFair

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Spanish, French, Italian, Arabic

Customer Service Hours: OptionFair provides a full 24/7 customer service

Place Trades Over the Phone?: No

OptionFair Trade types

OptionFair offers the following trade types:

  • High / Low Instrument: It allows you to decide if the price of an asset will go up or down
  • One Touch Instrument: Here you can choose if the price of an asset will touch a specific target price.
  • Boundary: It lets you choose if a given asset price is going to stay withing a given price range.
  • Short Term: It supports quick 60 second, 2 minute or 5 minute trades available with the with the short term option.

OptionFair Trade accounts

OptionFair offers five types of trading accounts:

Standard : Initial deposit is $250, up to 20% bonus

  • Additional profit is 0%
  • Binary Opitons eBook
  • Introductory financial expert session
  • 17 video tutorials
  • Minimum trade amount is 25 $/€/£

Silver : Initial deposit is $500, up to 40% bonus

  • Additional profit is 1%
  • Binary Opitons eBook
  • Daily Overview
  • 1 financial expert session per month
  • 31 video tutorials
  • Minimum trade amount 25 $/€/£

Gold : Initial deposit is $2,000, up to 60% bonus

  • Additional profit is 2%
  • Binary Opitons eBook
  • Daily Overview
  • 2 financial expert session per week
  • 44 video tutorials
  • Minimum trade amount 100 $/€/£

Platinum : Initial deposit is $15,000, up to 80% bonus

  • Additional profit is 4%
  • Binary Opitons eBook
  • Daily Overview
  • Unlimited financial expert sessions
  • 51 video tutorials
  • Minimum trade amount 200 $/€/£

VIP : Initial deposit is $50,000, up to 100% bonus

  • Additional profit is 6%
  • Binary Opitons eBook
  • Daily Overview
  • Unlimited financial expert sessions
  • Unlimited trading strategies
  • 51 video tutorials
  • Minimum trade amount 500 $/€/£

OptionFair Position In Our Categories

Position of OptionFair in our main categories:

OptionFair is one of the top 20 Binary Options Brokers products

If you are considering OptionFair it may also be sensible to investigate other subcategories of Binary Options Brokers collected in our base of SaaS software reviews.

It is essential to realize that hardly any service in the Binary Options Brokers category is going to be a perfect solution that can match all the goals of different investors. It may be a good idea to read a few OptionFair reviews first as certain solutions can actually perform well just in a specific geography or situation or be designed with a very specific customer in mind. Others can function with a goal of being easy and intuitive and as a result lack advanced functions welcomed by more experienced users. You can also come across services that support a broad group of users and offer a powerful feature base, however this frequently comes at a higher price of such a solution. Make sure you’re aware of your needs so that you select a service that offers exactly the features you look for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and OptionFair reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with OptionFair. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

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