OptionFair Review

Overview

OptionFair is dedicated to one primary goal: providing traders with the ability to trade by investing in a variety of options. The Binary options trading on OptionFair gives a user-friendly platform, that is suitable for all levels of traders.

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Details

Broker OptionFair
Website URL www.optionfair.com
Founded 2013
Headquarters Ioanni Styliamou 6 2nd Floor, Office 202 2003 Nicosia, Cyprus.
Minimum 1st Deposit $250
Minimum Trade Amount $10
Payout up to 84%
Free Demo Account Open Demo
Regulated Yes
Regulation CySec № 216/13
Number of Assets 132
Account Currency USD / RUR/ EUR/ GBP/ JPY / CNY/ HUF
US Traders Allowed No
Mobile Trading Yes
Overall Score 8/10

Full Review

The company «OptionFair» serves as a commercial brand of Finance Corporation «B.O. TradeFinancials », started its activity in 2013, it is located in Nicosia, Cyprus. Despite the short time of business activity, «OptionFair» is included in the list of top financial services operators. This broker has a significant number of traders on the territory of the CIS and in the EU. All in all, the professional services are being provided to today users from over 15 countries.

The indicators of profitability for customers are within 65 to 89 percents, and losses are compensated at a rate of 15 percents. The minimum deposit amount for customers is almost the standard – $250. However, the minimum rate of transactions is quite significant, amounting to $ 25. This broker has no demo accounts to its clients. There is a mobile version of the trading platform. It also offers a free of charge training for traders. The registration procedure is simple and intuitive, even for inexperienced users.

A unique, among similar profile firms, trading platform of «OptionFair», which got its own name known as «OptionFair®». Use of this software is simple and reliable. One of particularly notable features of the platform is the availability of a special window to show the quotes. The rich arsenal of technical tools and indicators allows the traders to use a variety of strategies with flexibility and good interface. No negative feedback has ever been received on the platform’s functionality.

 

There are about 132 positions of financial assets to work with. They all belong to the highly liquid trading instruments, that facilitates the operations with them for traders’ community.

The number of available options for traders include:

1. «above-below»
2. «increase – decrease»
3. The «one-touch»
4. «border»
5. «short-term»

The company’s training center of the provides an extensive set of instructional videos, interactive texts, manuals for beginners, and a complete and detailed description of all functionalities that is available to customers for use. Communication with the customer audience is available 24/7, with no days off. The support is multilingual, including Russian speaking specialists.

Withdrawals and deposits in «OptionFair»

Add your deposit with the broker or bring it up in several ways, of which the trader has the opportunity to choose the most convenient for him. Make payments with debit and credit cards ( «VISA», «MASTERCARD» and so forth.), Several payment systems of electronic type ( «QIWI», «WEBMONEY» etc.). It is also possible the use of international remittances systems ( «WesternUnion» and etc.). The initial deposits are made instantly (except for bank transfer – it requires about 3 days). The withdrawal is also not as fast, and takes up to 3 days, while the bank transfer is about 5 days.

 

Complaints about «OptionFair»

Periodically, the web sites publish complaints on this broker’s activities. A careful analysis of those posts and content suggests that these are manipulations of unfair competitors. The reasons for this assumption concludes the similarities and  shortly written  posts (usually there are 1-2 claims of a similar nature) and the disappearance of authors off site when there is a request to present any substantial evidence of what was said. Some small misunderstandings, as typical for any large-scale operations, this company eliminates very efficiently, and it is surely for the benefit of the customer support representatives.

Regulator of the «OptionFair» broker

The company’s work is governed by a well-known organization «CySEC», having an impeccable reputation and its very well-known tough policy against violators of conventional procedures and norms of the legislation.

Check OptionFair license CySEC.gov.cy

 

Is the «OptionFair» a scam ?

The totality of the above information and analysis data collected by the Global Information Networks makes this quite uniquely qualified brokerage firm – «OptionFair» as an honest and law-abiding market participant in all aspects of its activities. No criminal manifestations for all the work of the company is ever found in its operations. There are no claims from other market participants, neither from the law enforcement agencies.

Bonuses at «OptionFair»

The company’s bonus policy is as the following:  bonus programs for clients, only one the first deposit. When the amount is up to 499 US dollars, the trader receives a 10% bonus of all of the amount paid. If the deposit is within 500 to 999 US dollars, the bonus already reaches to 20 percents. With the amounts of the deposit ranging from 1000 to 5000 US dollars, the size of the bonus is increased to 30 percents of the total introduced to the account of the trader amounts.

Summary for «OptionFair»

Upon all the important for trading participants characteristics, a brokerage «OptionFair» coincides with the idea of a good, reliable broker. An additional advantage – a unique, extremely convenient and reliable trading platform of its own design.

Conclusion

The brokerage firm «OptionFair», of course, is a reliable business partner in operations with binary options for any trader. Within a short period of operations it has built a very positive reputation, based on objective facts and figures.

 

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