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 US. OptionFair has the distinguishing feature of being the first to introduce a mobile version of its binary trading platform, allowing users to trade from their smartphones.
Trading platform
Bonuses and Promotions
The account opening bonus is awarded to first-time traders on the platform. Regular promotions are also held. The amount offered as a bonus varies and is determined by the accountant for each customer.
account information
Account opening balances usually start at $200, but traders can actually start trading with $100 in their account. OptionFair reinforces this with generous bonuses of 10-30%. The minimum trade amount is $10, and traders can operate their accounts in US Dollars and Euros. Opening an account is an online task, after which traders need to send supporting documents to Optionfair.com.
trading requirements
OptionFair offers a variety of electronic funds and withdrawal options such as Liberty Reserve, UKash, CashU, Skrill, and credit/debit cards.
OptionFair is characterized by having developed advanced pricing algorithms that allow for the most competitive pricing in binary options and allow traders to trade on both sides of an asset. Even if you call them the equivalent of ECN brokers in forex, you wouldn’t be wrong. The range of assets that can be traded is unmatched. Traders can make up to 85% on every trade.
Serving major platforms and markets
The trading platform is a web-based platform that is easy to use and can be used even by beginners without difficulty. One feature of this platform is that interactive charts are available for every asset listed for trading. As mentioned earlier, mobile trading platforms exist for use on smartphones, removing the limitations of trading with PCs. Assets traded include:
1) Currencies: EURUSD, USDCHF, USDJPY, AUDUSD, GBPUSD and Yen crosses.
2) Stocks: Telefonica SA, Lloyds, Vodafone, Apple, Google, BP, Barclays
3) Commodities: gold and silver.
4) Stock index futures such as IBEX, DJ30, NASDAQ100, FTSE100 and Xetra Dax.
Asset indices are much broader than those listed above. A more comprehensive list is available when traders open an account. Traders can trade the following types on our web-based trading platform:
a) high/low:
b) Touch/no-touch options:
c) Boundary Options: Traders can trade OptionFair and In/Out options.
Traders can also use the option builder to choose which assets they can trade.
Customer Service
OptionFair puts customer support ahead of its peers. Users of the support section will see the Frequently Asked Questions section initially, covering basic questions about binary options and services. In the next step, traders can contact our multilingual support team via phone, email or live chat. Customer support is very strong.
Is an option pair a scam?
OptionFair is a binary options trading brokerage registered in the British Virgin Islands and operates out of Cyprus. It is said that the best brokerage in the industry was founded in 2010 and is managed by a group of experienced professionals in the financial industry. It is regulated by the Cyprus Securities and Exchange Commission, the main regulator of the binary options industry. OptionFair has been involved in numerous innovations since 2010 and has succeeded in diversifying its product portfolio. Apart from this, we offer several security options to secure your transactions.
last word
OptionFair’s place in the top 3 best binary options brokers in the world is arguable. It is the most popular broker due to its competitive pricing structure, payment system, various funding and withdrawal options, and strong customer support. Most of the reviews we can get from traders who have used this service are positive. So far there have been no reports of traders experiencing problems that are common with certain brokers. A good broker for exchanging binary options.
