Full Review about OptionFair
- Established in: 2009
- Minimum deposit: 250USD/EUR/GBP or local equivalent
- Maximun Return: 91%
- Jurisdiction: Cyprus
- Licenses: MiFID (Market in Financial Instrument Directive), CySEC, National Securities Market Commission (CNMV)
- Mobile Platform: Yes
- App: Yes (Android and IOS)
- Live Chat: Yes
- Demo Account: No
- Deposit Methods: bank transfers, Mastercard, Visa, Dinners, Neteller, Ukash, CashU, Maestro, JCB, Dankort, Western Union, WebMoney
Binary options are quickly becoming one of the top investment choices for people all around the globe. OptionFair is considered one of the most popular platforms for binary options trading because of its simple interface and selection of the most widely traded assets.
OptionFair is a trademark of Mika Holdings Inc, a company registered since 2010. The head office is located on the island of Tortola in the British Virgin Islands. Its headquarters are located in the Cypriot city of Limassol . It has a license MiFID (Market in Financial Instrument Directive) to develop their operations and enjoys the guarantee of the National Securities Market Commission (CNMV)
General Information about OptionFair
OptionFair is one of the most in demand brokers currently in the financial market. It is highly innovative with a wonderfully designed easy to use interface. After one visit to their website, you’ll know exactly what I mean.
OptionFair is undoubtedly one of the best platforms for trading binary options. In addition to having excellent features right on their website, you can also find a large selection of FX pairs. So whoever embarks on the investment path with OptionFair, will have many opportunities to see their trades expire in the money.
Management Platform and Asset Selection
When reviewing OptionFair’s platform, the user will come across the following information:
- Assets: The amount of currency or commodity the user is trading.
- Current Price: The number relating to the price of the underlying asset being traded
- High / Low: These are the available options when you initiate a transaction.
- Return: The percentage of profit acquired during the transaction.
- Deadline: The date and time when the transactions expire.
- State: The remaining time you have for a valid transaction.
In order to make a trade on OptionFair, you simply need to click the plus or minus button to designate your forecasted trend for the asset you choose to trade.
OptionFair is one of the most comprehensive platforms on the market today. Users have the options to make two different type of trades, which can be seen on separate tabs on the platform.
The two types of options offered are One Touch and Boundary.
One Touch: Instead of forecasting a price trend, you need to indicate whether the underlying asset will reach a specific price target before the time expiries.
Boundary: All you need to do is decide if an asset’s price will stay in the target price range or no t.
OptionFair offers you five types of accounts so you can choose the one that best suits your investment needs. You’ll initially receive a basic account at the time of your registration, which requires a minimum investment of $250 to start trading.
Advantages & disadvantages
- The first 5 transactions are risk free
- Fast trade transactions
- Trade online without downloading additional programs
- No commissions
- Does not accept Paypal
Welcome Bonuses & Promotions
Although previously mentioned, I want to reiterate some of the special promotions offered by OptionFair to all its investors.
- Invite a Friend: If you like trading at OptionFair, why not invite a friend to join in the fun? If you bring a friend to the platform, you will receive a commission when he or she registers. Best of all, your friend will also receive a bonus just for using the site. For a deposit of 300 to 500 Euro, you will receive 100 Euro. If you deposit more than 500 Euro, you will receive 150 Euro and your friend will receive an additional 25 Euro.
- Secure Operations: Once you make your initial deposit, you are automatically eligible to apply for 5 risk free operations! To enjoy this promotion, you need to contact customer support once you’ve made your deposit.
- Trading Signals: From now you can receive trading signals directly to your email or even on your mobile device if you wish. Join now and benefit from the service of OptionFair Trading Signals, which will provide information on the most profitable assets, the direction of trade (call or put) and expiration of operations. Request this service by e-mail or SMS.
With the recent renovation of the trading platform, Option Fair now offers 5 different accounts, each with unique characteristics for all your investment needs.
- Standard account: This account requires an initial deposit of 250 € and offers a welcome bonus of up to 30%. It offers an introductory session to binary options market by a financial expert.
- Silver Account: Requires a minimum initial deposit of 500 € on which you can receive a bonus of up to 60%. This account gives you an extra 1% profit on your transactions. It allows access to daily comments, option ebooks and 1 session per month on binary options trading given by an expert. It also offers 2 market alerts via SMS and strategy options.
- Gold Account: Requires an initial deposit of at least € 2,000 to start trading. The extra profit percentage is 2%. You are entitled to daily comments, ebooks and 2 trade sessions per week. You will also receive four alerts and 3 strategies.
- Platinum Account: The welcome bonus is 100%, but the minimum deposit is considerably higher, at least € 15,000. However, you will receive an added percentage benefit of 4%, as well as unlimited trading sessions with an expert and market alerts.You’ll also get five trading strategies.
- VIP account: With deposits of € 50,000 or more, you’ll receive a personal bonus to match your needs. You will receive 6% extra on your transaction and will be entitled unlimited benefits offered by the broker.
This platform offers investors many opportunities for high profit with it simple interface and wide selection of assets. You’ll find currency pairs, securities, commodities, and stock indices. And of course, your first five transactions are completely risk free.
OptionFair offers beginner investors the opportunity to familiarize themselves with the platform with a demo account. You can familiarize yourself with the platform interface as you build your strategy all without risking a dime.
Education Center and FX Trading
By browsing the educational center, you’ll find all the information you’ll need from what are binary options to how to trade. Learn the basics of binary options trading from theory to practice.
Available to all users are trading resources to help you get started. In the education center you’ll find a glossary of commonly used terms and a binary options guide on how to start trading.
You’ll also be able to attend one of the webinars where you’ll learn to trade binary options like an expert!
OptionFair is a binary options trading platform which also includes FX. You can easily trade currencies as well.
Investors love to trade on the forex market because of the flexibility and high returns it can offer. OptionFair has controlled risk, pip values, zero marge, unlimited returns, and an e-book specifically for Forex.
With the 2 in 1 account you can trade on the forex and binary markets at the same time. No extra charges, no extra fees. Leverage your knowledge of both markets and start trading FX now!
Merchant Center and Payment Methods
In the merchant center you can enjoy daily market news and an economic calendar. This way you can stay ahead of the most important market events!
Trading signals will increase your chances of success. Receive trading signals directly to your inbox or mobile via SMS to improve your trading performance!
OptionFair is one of the most user friendly binary options brokers today. You can make deposits and withdrawals with most electronic payment methods, credit cards and bank transfers.
OptionFair is pleased to present to all its customers in the new Elite Traders Club card. You can get your deposits back and receive up to an additional 1.5% on returns on each transaction!
Customer Care & Affiliate Programs
Customer Service is available by phone, email and live chat in 8 different languages. If you have any comments, questions or concerns, you can contact the OptionFair team 24 hours a day.
OptionFair belongs to the affiliate program Refer Partners and offers three different payment methods: CPA, Revenue Share and a hybrid plan.