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OptionFair

OptionFair ceased trading in February 2020

OptionFair is the binary options service of Finopex Group. 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

Bonuses and Promotions

Account opening bonuses are awarded to first-time traders on their platform. Periodic promotions are held as well. The amounts given out in bonuses vary and are arranged for each customer by the account officers.

Account Information

Account opening balance typically starts from $200, but traders can actually start trading with as little as $100 in their accounts. OptionFair augments this with a generous bonus of 10-30%. Minimum trade amount is $10, and traders can operate accounts in US Dollars and Euros. Account opening is an online affair, after which traders are required to send supporting documents to Optionfair.com.

Trading Requirements

OptionFair has a vast array 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.

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OptionFair has the distinction of having developed advanced pricing algorithms that allow some of the most competitive pricing in binary options, and permits traders to trade on both sides of the asset. If you call them the equivalent of ECN brokers in forex, you would not be wrong. The range of assets that can be traded is unparalleled. Traders can make as much as 85% on every trade.

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Platforms Featured and Markets Offered

The trading platform is a web-based platform that is easy to use and has been simplified for even novices to use without difficulty. One feature of this platform is the availability of an interactive chart for every asset listed for trading. As mentioned earlier, a mobile trading platform for use on smartphones exists, taking away the restrictions of trading with a PC. Assets traded are as follows:

1) Currencies: EURUSD, USDCHF, USDJPY, AUDUSD, GBPUSD and the Yen crosses.

2) Stocks: Telefonica SA, Lloyds, Vodafone, Apple, Google, BP, Barclays

3) Commodities: gold and silver.

4) Stock index futures such as the IBEX, DJ30, NASDAQ100, FTSE100 and Xetra Dax.

The asset index is a lot broader than what has been listed above. A more comprehensive list is available when traders open accounts. Traders can trade the following types on the web-based trading platform.

b) Touch/No Touch Options:

c) Boundary Options: Traders are able to trade the In/Out options with OptionFair.

Traders also have the option of using the option builder to choose the assets that they can trade.

Customer Service

OptionFair has a customer support that is way ahead of its peers. Users to the support section are initially presented with a Frequently Asked Questions section, which addresses basic questions about binary options and their services. At the next level, traders can contact the multi-lingual support team via phone, email, or live chat. The customer support is very robust.

Is Option Fair a Scam?

OptionFair is a binary options trading brokerage registered in the British Virgin Islands and operates out of Cyprus. The brokerage, one of the finest in the industry, came into existence in 2020 and is said to be managed by a group of highly 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 involved itself in a number of innovations since 2020 and has been successful in diversifying their product portfolio. In addition to this, they offer several different secure options to safeguard your transactions.

Final Word

It is an arguable fact that OptionFair ranks among the best three binary options brokers in the world. Their competitive pricing structure, payout system, wide array of funding and withdrawal options and robust customer support make them one of the most sought-after brokers. Most reviews you will get from traders who have used this service are positive. Until date, there have been no reports of traders encountering some of the problems that are commonplace with certain brokers. This is a good broker to trade binary options with.

7 Binary Options

UPDATE (02.02.2020):

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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Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

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.

Basic information:

Online since: 2020
Jurisdiction: Virgin Islands
Software: Tech Financials
Max Returns: 91%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $10
Maximum Investment: $15000
Currencies: USD, EUR, GBP, Yen
Mobile: Yes
Countries: All nations excluding USA, Japan & Israel

– Good variety of campaigns
– Lucrative deposit bonus
– Lots of different trading options
– CySEC licensed

– Does not accept customers from USA

7 Binary Options Rating:

Bonuses

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.

Maximum payout

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.

Assets

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.

Screenshots

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.

Customer service

OptionFair has a dynamic customer service support center that is available for live chats and emails.

Summary:

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
Languages: English, French, German, Arabic, Spanish, Portuguese, Italian, Swedish, Danish and Japanese
Trading Options: Currencies, Stocks, Indices & Commodities
Option Types: High/Low, One Touch, Boundary, Touch Options, High Yield Options
Expiry Times: 30 s / 60 s / 120 s / 180 s / 15 min / 30 min / 1 h / End of the Day / Week and Weekend with Touch Options / End of the Month
Deposits and Withdrawals: Visa, MasterCard, Bank Wire, Skrill (Moneybookers), iDeal, Maestro, Visa Electron, WebMoney, Bank transfer
Withdrawal Time: 1-2 bank days
Demo account: Yes

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About Us & Disclaimer

Disclaimer: 7 Binary Options will not be held liable for any loss or damage resulting from reliance on the information contained within this website. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author. 7binaryoptions.com is only a website offering information — not a regulated broker or investment adviser, and none of the information is intended to guarantee future results.

Binary option trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade binary options or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

In accordance with FTC guidelines, 7BinaryOptions.com has financial relationships with some of the products and services mentioned on this website, and 7BinaryOptions.com may be compensated if consumers choose to click these links in our content and ultimately sign up for them.

By using this website you agree with the limitations and exclusions of liability set out in this disclaimer and the separate disclaimer page. If you do not agree with them, you must not use this website.

* Risk warning: Your capital might be at risk.

OptionFair Academy

Because knowledge is Power!

Your Key to the Financial Markets
Take Pride in your Financial Knowledge

Our mission at OptionFair Academy is to develop expert traders who can master the financial markets and achieve all their personal goals. We brought together a specialist team of financial experts and educational professionals to design this unique learning resource. All our modules are progressive, interesting and fun to use. They were created specifically for busy people who need fast, high tech learning solutions. Use our unique online learning resources to develop a full working knowledge of the world of finance and trading, and learn how to invest effectively on the widest range of global assets.

Use our Video Tutorials to develop a deep background knowledge of the world’s financial markets. We’ll teach you everything from the very basics of online trading, to sophisticated technical analysis and investment techniques.

Through the use of our eBooks on Technical Analysis, you can learn to use a variety of indicators and tools to help you to develop successful trading strategies.

With so many profitable Binary Options opportunities constantly being created in all the international markets, it is hard for even the top day traders to stay on top of it all. OptionFair, therefore has introduced a hot trades alert system that lets our traders know what are the most profitable possible trade opportunities as they happen.

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