-
Editor Rating
- 5/5 – Excellent
- OptionFair review
- Website:
-
Review Summary:
-
OptionFair is one of the many online trading platforms that people have turned to in recent years to help them build on their own financial future. However, it is believed that OptionFair offers something completely different. The company boasts that the platform is simply better than any other, with the best possible software algorithms.
Table of contents
About OptionFair
In recent years binary trading has become one of the fastest growing actions performed on the Internet. As such, there have been a number of binary trading platforms that have started to sprout up. OptionFair is one of the many online trading platforms that people have turned to in recent years to help them build on their own financial future. However, it is believed that OptionFair offers something completely different. The company boasts that the platform is simply better than any other, with the best possible software algorithms. The binary trading service intends to offer an easy to use and easy to understand platform to their traders, which allows both novice traders and financial experts to use it.
At first glance, OptionFair seems to be like any other ordinary binary option trading provider. But on closer inspection, many will find OptionFair is much, much more than that. The binary options trading provider is one of the very few binary options brokers that is leading the forefront with the superb offering it provides traders in the financial markets. Some of the key areas that make the service stand apart from others in the space include:
- Fast, 60 second trading
- Education Centre
- Top trade alert system
Many traders are very impressed with how quick and easy it is to start trading through OptionFair. Only a few steps need to be completed and one can be ready to start trading. It is very clear that user friendliness is at the forefront of their operations.
The OptionFair trading platform is owned by TechFinancials, and has been developed to provide the finest Binary Options trading interface. The platform itself offers the widest possible range of financial instruments and assets. A team of financial professionals, who have developed a series of advanced pricing algorithms, also backs the service. OptionFair was developed and is managed by an experienced and knowledgeable team of finance professionals who have specialized in online trading with binary options, commodities, stocks, indices and Forex.
Top Features Of OptionFair
One of the main attractions about OptionFair’s trading platform is the ease with which users can start using it to trade in binary options. To place a trade, all one has to do is complete a few steps in defining the parameters of the transaction. As part of the safe and convenient interface, traders can easily access the “My Open Trades” area of the dashboard. Here, users are able to close any open market positions that they have before the expiry time is actually reached. This is quite unique, because most trading platforms do not allow traders to effectively pull out of a trade.
Apart from the ease of use, OptionFair trading platform does hold a couple other surprises. The system offers a range of different trading options so people can work in the way that they find most comfortable, and most profitable. The main trading area that makes the system one worth checking out is One Touch Trading, which is where one can simply indicate whether or not he/she believes that an asset will manage to reach a predetermined price. Rather than selecting whether a particular asset will rise or fall in price by a predetermined expiry, the user can choose whether a specific price will be reached or not. In simple terms will the asset touch the line or not.
The next top feature that OptionFair provides is boundary or range trading. This type of trading is where one decides whether the asset will be able to reach a certain price before trading opens. It is possible to choose either “in” (which means yes) or “out” ( which means no).
The other key defining feature of the service that OptionFair provides is that it is home to one of the quickest binary trades in the industry. The 60-second trade allows users to trade quickly which allows people to profit even faster. While the company advertises that this type of trade can happen in as little as 60 seconds, it can technically last a few seconds longer due to processing times. Still, one minute is very quick for a trade to take place, which is why most new traders enjoy this type of trading. With this type of trade users do not have to put particularly high amounts of money into one’s investment, but the trade occurs quickly regardless.
OptionFair Prices
The minimum deposit on OptionFair depends on the method used in funding the account. With credit cards and e-wallets the minimum is $250, with wire transfers the minimum is $500, and with Moneygrams or Western Union the minimum is $1500.
With OptionFair investors can expect returns up to 85% of their investment amount. The actual returns will vary according to the type of assets traded and their expiry time. Even if one happened to be unlucky, there is still the prospect of a 10% to 15% refund of the original amount invested from OptionFair. This is on top of all the additional welcome bonuses that are being offered. Bonuses are broken up into three different buckets for first time deposits. For a deposit of up to $499 (or equivalent in local currency) one will receive a bonus of 10% , a deposit between $500-$999 (or equivalent in local currency), garners a bonus of 20% and a deposit between $1000-$5000 (or equivalent in local currency), obtains a bonus of 30%.
Criticism Of OptionFair
There are a number of positive attributes that OptionFair provides to its users. There are still areas that the service needs to work on though. For starters the asset list is still quite limited, which can also provide for limited trading. Option Fair also does not support PayPal for deposits or withdrawals, which limits how one can receive his/her trading funds. This may change as these forms of payment on the Internet continue to grow and become widely accepted. Lastly, the system does not seem to cater to its US residents as much as International users. Although the service is global, because it started in the foreign markets it still has a tendency to focus more attention in these areas.
Customer Support
Customer support on OptionFair operates a multi-lingual platform to cater for the broad customer base spanning several countries. With OptionFair, traders can expect a customer friendly support team. For the convenience of their clients, the service provides multiple ways of contacting the support team. Customer support can be obtained with the following methods: Live chat, e-mail and phone. The company even provides multiple phone lines in different languages to cater to its global user-base
Final Thoughts
With a number of binary trading platforms on the Internet it can definitely be overwhelming and difficult to select the right one. OptionFair promotes itself as a global company and is coupled with a forward thinking vision. The company seems fair in its dealings by providing a reliable, safe and convenient trading platform. The service has gone to the extent of ensuring that it is simple and user friendly.
The platform is easy enough for those with even basic knowledge about the financial markets to use but yet it also provides enough options so that the experienced traders can participate in trading in this lucrative market. No doubt, with their efforts, OptionFair will continue to expand the market share as more and more traders discover the advantages of trading with them. As an incentive to get users to use the system, OptionFair offers no-risk trading for the first five trades. So open your account, make your first deposit and make your first five trades today!
