1st Place! Best Binary Broker 2020!
Best Choice for Beginners — Free Education + Free Demo Acc!
Sign-up and Get Big Bonus:
2nd place! Good choice!
Name OptionFair Web site www.optionfair.com Online since 2020 Country British Virgin Islands Platform TechFinancials
With over five years’ longevity as an online binary options broker, OptionFair has proven itself as a dependable and experienced financial institution. In 2020, they were one of the first in the industry to get licensed with the Cyprus Securities and Exchange Commission (CySec). As a regulated and certified broker with CySec, traders can invest with an added element of trust.
When writing this OptionFair Review we found out that their reputation has gained even more prominence when they recently became the first and only online binary options brokers to become publicly traded on the London Stock Exchange Alternative Market (AIM). They can be found under their sister company, the TechFinancials Group, listed as Tech.L.
Combined, these accolades are very significant because OptionFair’s traders have the assurance that they are dealing with a both a secure and transparent broker.
Trading Platform Review
OptionFair’s trading infrastructure is provided by TechFinancials. The platform is one of the most technologically advanced, and at the same time easy to use. The layout offers traders a comfortable atmosphere with all of the tools needed to satisfy all levels of traders. Conveniently, the platform doesn’t require any downloads.
Trading Assets & Instruments
OptionFair accepts traders from all over the world and provides all major languages to navigate the site. It’s a fast sign up process and traders can choose from USD, EUR, GBP, RUB or HUF as their currency options.
As far as available assets, OptionFair is competitive with their contributions. There are over 130 assets available to invest from in their indices, forex, stocks and commodities. Traders can choose from five instruments; High/Low, One Touch, Boundary, Short Term and Forex. Having these options captivates all trading styles, therefor satisfying both beginners and professionals.
One of the highlights is that their platform integrates forex and binary options, enabling a 2-in-1 trading experience. With a click of a button, traders can smoothly transition between the two instruments. This upgrade has been available since the beginning of 2020.
Many investors who are looking for instant gratification have the benefit of OptionFair’s 60 second trading. In less than a minute, up to an 80% return can materialize. This potential to capitalize so quickly makes it a popular feature.
There are plenty of education resources that are particularly helpful, but not exclusive, to those just getting started in binary options. They offer 1-on-1 instruction from personal account managers, E-Books, video tutorials, webinars, trading strategies and signals to their clients. Receiving the signals are very useful for all levels of traders because those signed up are sent up to 20 alerts per day for free. The signals are sent via SMS and e-mail and include market activity, updates on multiple expiries, coverage on global assets and other strength indicators.
1st Place! Best Binary Broker 2020!
Best Choice for Beginners — Free Education + Free Demo Acc!
Sign-up and Get Big Bonus:
2nd place! Good choice!
The bonuses and promotions offered are competitive with other brokers. First time depositors can pick up a welcome bonus that rewards up to 200%. Traders can further stimulate their account with OptionFair’s cash back opportunities and risk-free trade offers. Traders can also take advantage of profit double-ups, which OptionFair was the first brand to introduce. The Minimum Deposit is $/£ 250.
Customer support is taken seriously by their customer support team. They are available by way of phone and live chat Sunday through Friday, 8:00 AM to 10:00 PM GMT +2. Their professional staff are helpful in 13 different languages.
OptionFair has all of the prerequisites of providing an overall satisfying trading experience. Those who choose to invest with them have an added sense of security knowing that they are trading with the only regulated and publicly traded company in the industry. With a minimum deposit of $250 and a welcome bonus of up to 200%, you simply can’t go wrong with this broker.
OptionFair, founded in 2020, is an binary options trading platform provider operated by B.O. TradeFinancials, located in Cyprus and regulated by CySec as well as MiFID. OptionFair offers options in major currency pairs as well as commodities and stocks.
At OptionFair, traders can choose from one of five trader account types, each one providing investors with more and more features and promotions.
OptionFair Account Types
The Standard account requires a minimum deposit of $250 and a bonus of 30% is awarded to the account. The minimum trade is $25. $500 is required to open the Silver account which offers a 40% bonus on the deposit amount. The minimum trade here is also $25 and an additional profit of 1% is added.
A Gold Account can be opened with a deposit of $2,000. A 60% bonus is available as well as an additional profit of 2%. $15,000 is the amount needed to fund the Platinum account and an 80% bonus is awarded to this amount. A profit addition of 3-4% is offered.
Anyone with $50,000 can open the VIP account, receive a 100% bonus and an additional profit of 5%.
A minimum trade for the last three accounts is $50 and there is no withdrawal fee from any of the five accounts. Leverage is not provided.
All traders are entitled to receive trading signals in real time sent via SMS or email about which asset to trade, the direction of the trade-i.e. Call or Put, and the expiry time.
I was disappointed when doing this review to see that a demo account was not offered.
Most of the information on the OptionFair website is presented in a logical, easy to read manner. It is offered in a host of different languages including English, Spanish, German, French, Arabic, Italian, Russian and Hungarian.
OptionFair is somewhat unique in that it allows traders to move between OptionFair’s Binary Options and Forex with a single click. This is not often found with binary option brokers.
The Daily Financial Newsletter keeps traders up to date on breaking news. A chart of rates for live currency pairs and an economic calendar are posted daily, both of which are supplied by Investing.com.
In addition, there is an early closure listing and an expiry calculator.
What I really liked about OptionFair is that there is a separate FAQ section for specific topics. For example, there is a FAQ specifically for Forex trading, another one for opening an account etc. This certainly makes searching for answers that much quicker.
There are several promotions being offered at the time of this review.
$100,000 in prizes was being given away each month in the OptionFair Trade to Win Tournament. Each week, the traders with the longest run of successful trades are posted on the site and at the end of the month the winners walk away with cash prizes.
With Invite-A-friend, traders receive up to $150 cash money commission for every friend who deposits funds in their new account and the friend receives $25.
Anyone opening an account and using the OptionFair platform to place a trade receives five risk-free trades worth up to a maximum of 100% of the original deposit. Funds received are deposited into the account and are considered bonus money.
OptionFair’s education center is extensive with tutorials on the basics of binary option trading and free webinars and ebooks for all account holders.
The video tutorials are broken down into four basic courses, with several interesting modules in each category. These include Binary Options, Trading Platforms, Market Analysis and Option Strategies.
OptionFair is dedicated to promoting traders’ success. They offer a series of webinars that cover a variety of subjects and are targeted for traders of all types. Expert trading instructors cover the fundamentals of what binary options are all about and provide some interesting trading techniques and tips on successful investing.
Any trader that holds an OptionFair account can reserve a spot in one of the webinars.
There are also several textual lessons on the basics of binary option trading that can be viewed without having to open an account.
The easy-to-read ebook that is available to all traders explains how to begin trading Binary Options, how to understand trends, where to get your info and much more.
Deposits can be made to OptionFair account through a number of methods including wire transfers, credit cards, MoneyGram, Western Union, Skrill, Neteller, Qiwi and other online payment systems.
Requests for withdrawals will be sent to the same account used to make the initial deposit.
OptionFair does not charge traders for depositing or withdrawing.
Customer support is available 24/7 from its main office in Nicosia and telephone contact numbers are provided for each country serviced. I spoke to Chat several times and found them forthcoming and pleasant. There is also email support.
OptionFair isn’t only a binary options broker. It’s a broker and an original trading platform. It’s nice to see a regulated binary option broker as many other such brokers are not under any regulatory supervision. In addition, as part of TechFinancials Group, OptionFair is now listed on the London Stock Exchange.
It is not well known, but OptionFair’s trading platform is already used by more than five different brokers. OptionFair was among the pioneers of the binary options industry when they launched their unique trading platform back at 2020. It acts as the platform operator of the technology used by this platform, which includes short expiries and high profits which can reach up to 89% on some options. The short list of assets is a disadvantage but it doesn’t detract from the broker’s other features.
The OptionFair trading platform is backed by OptionFair’s sister company TechFinancials, and has been developed to provide the finest Binary Options trading interface. The platform offers a wide range of financial instruments and assets. The TechFinancials team has developed a series of advanced pricing algorithms, providing the technology to power an unparalleled range of financial instruments.
There are three trading styles offered at OptionFair in addition to the standard High/Low option, OneTouch, Boundary and Short Term. What I found strange however is that there is very little explanation provided for the differences in these styles. I didn’t see much more in FAQ.
OptionFair Trading Platform
OptionFair offers a mobile trading platform that is designed to fit your smartphone, iPad or Tablet and is completely free to install. It is fast, intuitive and secure; giving you full access to over 130 global assets.
OptionFair Mobile Platform
|Rating:||Optionfair is a great binary options broker with offices in the UK.|
- Minimum Deposit: $250
- Maximum Payout: 85%
- Accepts US Traders: No
OptionFair is a binary options broker that offers a ton of different trading options for traders from all walks of life. It offers many secure and reliable trading options for people who are interested in diversifying their investment portfolio.
It is also one of the simpler platforms to use, making it an easy yet rewarding experience for everyone. OptionFair has been around since the year 2020, and is sourced from the US Virgin Islands. From its excellent trading software to its awesome customer service, the reputation of this company has never been better. We find out if it is actually worth the investment in this detailed review:
Accounts, Bonuses and Special Features
Bonuses are something that any trader is going to look for. After all, they are a great way to get a leg up in the trading game. OptionFair offers more than a few bonuses for all traders to enjoy. Get an initial deposit bonus that is dependent on the type of account that you have as well as the amount that you initially deposit as well. There can be a 100% cash bonus for signing up with this broker, which is a great incentive to work with them. This isn’t the only bonus that is available with OptionFair either. There is a whole range of promotions that can be given based on the time of year and the season.
OptionFair has a number of account packages available to traders as well. Each of these has features that have been thought out carefully. They accommodate your needs no matter what they are. You can take advantage of a number of services including sign up bonuses as well as trading sessions from experts. The standard account is the most basic account available. You have to deposit a low $250 to open it, and you get a 30% welcome bonus. You also get a session that introduces you to the workings of the broker.
The silver account is the next tier of account types at OptionFair. The deposit for this account is $500, and traders get a welcome bonus of 60% of their deposit. The profit you can get is 1%. You also gain access to a financial expert who trains you every month on the different strategies, along with two live SMS signals. There is also the gold account. This needs a deposit of $2000, and the signup bonus is 80%. You get a profit of 2% as well as weekly training, three different trading strategy training sessions and 4 SMS signals.
The Platinum account is for the more high-roller traders out there. It asks for an initial deposit of over $15,000, and has 100% as a signup bonus. Profits of 4% can be earned as well. There are unlimited financial training sessions, live SMS signals and five different trading strategies. The VIP account is pretty much the same, although there are many bonus perks for the initial $50,000 deposit.
Security and Licensing
OptionFair is one of the few brokers out there that is licensed by CySEC. This makes it very well-regulated and ensures that it keeps your financial and personal data safe and secure.
This broker makes use of the TechFinancials trading platform. This is one of the favorites in the industry. It is known for being simple, secure and easy to learn. Even the most clueless beginner will be able to experience the platform in its entirety without many problems. As a trader on this platform, you gain access to a range of different trading assets. These include indices, commodities, stocks and currency.
The customer service offered by this broker is also excellent. There is multilingual service available with live chat and a UK based phone number for support. Languages like Russian, Arabic and French are all supported on customer support. For the main platform and trading software, German, Swedish and Japanese are also available as languages. There are many different types of options available as well such as high/low, one touch, boundary, touch options and high yield with expiry times of 30 seconds to months.
Deposits and Withdrawals
The deposit and withdrawals for this broker can be done via MoneyGram, Western Union, Neteller, WebMoney, Cash U, bank transfers and credit cards.
Overall, OptionFair is one of the best out there. We love using it and working with the many different bonuses, experts and support options included in it. Check it out if you are looking for a broker!
OptionFair Broker Review
|⚖ Allows Hedging:|
|Headquarters:||Virgin Islands, British|
|Trading Platform(s):||Tech Financials|
Risk Warning: Your capital may be at risk
Our Review of OptionFair
OptionFair is well known in the online trading world as it is one of the leading brokers on the scene. This broker primarily offers binary options trading, and specialises in trading and market news on a real time basis. OptionFair offers some of the largest returns on the market: no less than 91%.
Account Types + Opening
There are five different accounts in OptionFair. The Standard account, for example, is designed for beginners. Other accounts, such as the Gold and Silver accounts are tailored towards more experienced traders who want to be able to trade with larger sums. Opening an account on the OptionFair site is quick and simple – all that is necessary is filling in an online form. Documents will need to be uploaded at a later stage, however, in order to confirm their identity before they can make withdrawals.
Promotions, Sign Up + Deposit Bonuses
The bonuses that you get with your OptionFair account will depend on the account type that you have. However, the maximum bonus that you can get is 100%. Bonuses are given on your first deposit.
Commissions and Fees
The charges that are demanded of traders by OptionFair will differ depending on what type of account the trader has. Though this broker states that they do not take fees or commissions, what they do do is charge traders for making a given trade.
Trading Platform Review & Mobile Apps
OptionFair prides itself on offering mobile trading, both with an app and with a mobile version of its site. The OptionFair website itself is easy to use and to navigate.
Deposits & Withdrawal Methods + Ease
Minimum deposit amounts vary from account type to account type. The smallest minimum deposit amount is associated with the Standard account and it is $250. The Silver account, by contrast, has a minimum deposit of $500. Deposits and withdrawals can be done by bank transfer or by card payment and they are usually nice and smooth and hassle free with this broker.
Regulators & Safety: Are they a reliable, legitimate broker or a scam?
OptionFair is a regulated binary options trading platform. It is licensed by CySEC. In addition, it has built up a good reputation among traders and is transparent about its regulation and licensing information; OptionFair is almost certainly not a scam!
7 Binary Options
OptionFair has shut down their operations in binary option trading.
We recommend choosing one of our top binary option brokers instead:
|Min. Invest||Min. Deposit||Max. Returns|
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|Min. Invest||Min. Deposit||Max. Returns|
Try also Binary Option Robot if you are looking for automated binary trading.
Our review of OptionFair will reveal that this is a strategically designed binary options platform that offers dynamic trading options. The primary goal of this brand is to offer secure and reliable trading efforts with a large variety of investment assets. Also what we found appealing is the simplicity of use that makes it an ease for beginners to dive into binary options trading and have not only a rewarding experience but an enjoyable one as well.
It has Fairsignals, which are trade signals for binary options just like the ones you would get from a binary robot software. They are in form of SMS or emails and they provide trading recommendations – making right trading decisions has never been easier.
OptionFair provides binary options traders with an excellent platform that promises high returns and using different accounts to meet each traders need. 7 Binary Options recommends OptionFair.
Online since: 2020
– Good variety of campaigns
– Does not accept customers from USA
7 Binary Options Rating:
We found in our review of OptionFair that one of the major incentives of any binary trading options platforms happens to be what this brand perfects. They offer an initial deposit bonus that is based on the type of account the trader has. This provides more funds for trading and everyone knows this is a plus in the trading industry. The sign up bonus (100%) for joining is one of the features we found to be quite accommodating because every trader appreciates the enhancements that bonuses present to their trade abilities.
The OptionFair platform has a very lucrative standard for maximum payout values and it brings benefits to beginning and seasoned traders. They have managed to dominate the market with return margins progressing up to 89% and these can be acquired within a minute.
Types of accounts
We found that Optionfair has the most strategically designed package of accounts. These packages are designed to accommodate the investor and filled with features and promotions such as expert trading sessions and initial bonuses.
The standard account
The standard account offers an initial deposit option of 250 dollars and a bonus of up to 30%. The trader also receives an introductory session in the financial area.
The silver account
The silver account carries an initial deposit of 500 dollars with a starting bonus of 60% and carries a profit of 1%. There is also a monthly financial expert session that comes with this account, on trading strategy and two live SMS.
The Gold account
The Gold account has an initial deposit requirement of 2000 dollars and initial bonuses that value up to 80%. There is also additional profits of 2%, expert financial sessions are offered weekly, three trading strategies and four SMS alerts.
The Platinum account
Also available and one of our favorite is the Platinum account.This one allows initial deposit amounts of $15,000, additional profits of 4% and 100% bonuses.
If that’s not enough, the unlimited financial advisory sessions and live SMS and five trading strategies really add icing to the cake. For VIP account holders, there is an initial deposit of $50,000 required and plenty of additional bonus perks. There are also financial sessions and unlimited SMS alerts to be enjoyed by traders.
Traders on OptionFair have the ability to trade various assets which is a great benefit. Assets such as indices, currencies, commodities and stocks are all valuable assets regarded by this platform. We find that binary trading option sectors that offer various forms of asset trading are a great standard and this helps to set OptionFair above the rest.
Deposit and withdrawals
We’ve found that deposits and withdrawal options offered by OptionFair has a major impact on our strong support of their binary options trading. There is an initial deposit of 250 USD, EUR, GBP, or an equivalent required. However, for trader convenience, this deposit doesn’t have to be made during registration.
These deposits can be made via Western Union or electronic wallets such as Neteller, CashU and Web Money. Other acceptable funding sources are bank, wire transfer and credit card.
The withdrawal requests apply to the corresponding account used to make the opening deposit. There is no minimal amount to withdraw and traders are afforded one withdrawal per month without commission fees.
OptionFair has a dynamic customer service support center that is available for live chats and emails.
Our review of OptionFair shows us that traders should have a positive trade experience with this platform. The cash outs occur rapidly and the various accounts are a wonderful benefit for all levels of traders. Their system is extremely easy to monitor and more invigorating to use for binary options trading. The bonuses are extremely accommodating and serve as a great motivational tool for those in the trading industry.
Customer Service: English, Spanish, Arabic, Italian, French, Russian, Polish / Live Chat / email: [email protected] / Phone: +44 203 519 0373
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