OptionFair is Finopex Group’s binary options service. They welcome traders from all over the world except the United States. OptionFair has the distinction of being one of the first to introduce a mobile version of the binary trading platform, allowing users to trade on their smartphones.
Trading Platform
The account opening bonus is given to the first trader on their platform. Regular promotions are also held. The amount given in bonus varies and is compiled for each customer by the account officer.
Account information
Account opening balance usually starts from $200, but traders can actually start trading with only $100 in their account. OptionFair adds to this with a cheap bonus of 10-30%. The minimum trade amount is $10, and traders can operate accounts in US Dollars and Euros. Account opening is an online affair, after the trader is required to send supporting documents to Optionfair.com.
Trade Requirements
OptionFair has a variety of electronic funding and withdrawal options such as Liberty Reserve, UKash, CashU, Skrill, credit / debit cards from almost every major card processing company you can think of.
OptionFair has the distinction of having an advanced pricing algorithm that enables some of the most competitive pricing in binary options, and allows traders to trade on both sides of the asset. If you call them the equivalent of ECN brokers in forex, you wouldn’t be wrong. The range of tradable assets is unmatched. Traders can make as much as 85% on each trade.
Launch of Platforms and Markets offered
The trading platform is a web-based platform that is easy to use and has been simplified even for newbies to use without difficulty. One feature of this platform is the availability of interactive charts for each asset listed for trading. As mentioned earlier, mobile trading platforms for use on smartphones exist, taking away the restrictions of trading with a PC. The assets traded are as follows:
1) Currencies: EURUSD, USDCHF, USDJPY, AUDUSD, GBPUSD and Yen crosses.
2) Shares: Telefonica SA, Lloyds, Vodafone, Apple, Google, BP, Barclays
3) Commodities: gold and silver.
4) Stock index indices such as IBEX, DJ30, NASDAQ100, FTSE100 and Xetra Dax.
The asset index is broader than what has been listed above. A more comprehensive list is available when the trader opens an account. Traders can trade the following types on web-based trading platforms.
a) High / Low:
b) Touch / No Touch Options:
c) Border Options: Traders can trade In / Out options with OptionFair.
Traders also have the option of using an option builder to select the assets they can trade.
Customer service
OptionFair has customer support that is far ahead of its peers. Users to the support section are initially presented with a FAQ section, which addresses basic questions about binary options and their services. At the next level, merchants can contact the multilingual support team via phone, email, or live chat. Customer support is very strong.
Is Fair Options a Scam?
OptionFair is a binary trading options broker registered in the British Virgin Islands and operating in Cyprus. The brokerage, one of the best in the industry, appeared in 2010 and is said to be managed by a group of experienced professionals from the financial industry. They are regulated by the prominent regulatory body in the binary options industry, the Cyprus Securities and Exchange Commission. OptionFair has been involved in several innovations since 2010 and has succeeded in diversifying their product portfolio. In addition, they offer several safe options to protect your transactions.
Final Word
This fact can be said that OptionFair is among the three best broker options in the world. Competitive pricing structure, payment system, various financing and withdrawal options and solid customer support make them one of the most sought after brokers. Most of the reviews you will get from traders using this service are positive. To date, there have been no reports of traders encountering some common problems with certain brokers. This is a good broker to trade binary options with.