Option Fair Review
OptionFair is a CySec regulated binary options broker that has been in operation since 2010. Offering payouts of as much as 89% and plenty of attractive trade options, this broker has become one of the top brokers in the industry. Even so, each trader is going to have specific wishes, wants, and needs when it comes to their broker. This is the primary reason why reviews are such an important tool during the selection process.
OptionFair currently provides four different trade options within their platform: High/Low, Touch/No Touch, Boundary, and 60 Seconds. The available expiry times start with 60 seconds and go up to one week. Each trade type offers return rates of 70-85%, with VIP members having the access to returns of as much as 89%. The Touch trades are the one exception. These are of the high-yield variety, and as such offer returns of as much as 350%. Despite these high returns, refund rates of as much as 15% are offered on select options that finish out of the money.
The platform itself is powered by TechFinancials and is quite user-friendly, as most platforms now are. It is completely web-based and can be accessed from any internet-connected computer or mobile device. There are over 70 assets to choose from, including stocks, commodities, currency pairs, and indices. Trade alerts, referred to as FairSignals, are now integrated into the platform. For those not familiar with signals, they are trade alerts that tip you off to the best opportunities, but go further in telling you exactly which expiry time and selection to make.
The minimum deposit required to get started with Option Fair is 300 $, €, £ or the equivalent in local currency. This amount applies to credit card and e-wallet deposits. The minimum is higher for bank wire transfer, Money Gram, and Western Union. There is no minimum withdrawal amount in place, which is excellent, and one fee-free withdrawal is provided each month. Additional withdrawal will cost $30 (or currency equivalent). The expected withdrawal time-frame is 3-5 business days, provided that account verification has been completed.
OptionFair provides an assortment of educational materials such as video tutorials, a binary options eBook, economic calendar, webinar, written tutorials, and more. Their information center is fully loaded and should answer any questions that you might have about the platform and trading. Personal assistance is also provided, with telephone, live chat, email, and social media being the accessible methods of contact. Customer service is provided in thirteen different international languages and the platform is offered in eight different languages.
There are a number of different promotions being offered by this broker in addition to deposit bonuses. One is 5 risk-free trades to new traders who complete the registration process and make a deposit. Another is their $15,000 top traders tournament in which the top 10 successful traders will receive cash prizes ranging from $500 to $4,500. A new tournament is started each week so that everyone has a chance to win. Promotions often change, so be sure to visit the website or contact customer service to find out what the latest promotions are.
Is there anything not to like about Option Fair? Nothing about their business practices or platform stands out as a warning sign. What we often see is that brokers who have been in business for a number of years are only able to do so by meeting and exceeding the needs of their clients. There are simply too many brokers to choose from and no reason for any trader to settle for anything less than what they want and need. Should you, or someone you know be searching for a binary options broker, OptionFair is definitely worthy of a closer look.