You will get up to 85% profit for options that expire in the money. These profit opportunities make this broker very competitive and is amongst the brokers with the best payout. The OptionFair software works very smoothly and without interruptions.

Recommended Trading platform

If this is not possible, then the profits will be transferred to the bank account of the trader. One withdrawal per month is free of charge, and additional withdrawals in the same month cost 30$ each. It is also possible to enter into ongoing options so that the average duration in this case is only a few minutes. In addition, optionFair offers 60 seconds options on selected currencies, indices and commodities.

• OptionFair, a broker known for its binary trading platforms, has garnered attention for its unique features and user experience.
• The brokerage, one of the finest in the industry, came into existence in 2010 and is said to be managed by a group of highly experienced professionals from the financial industry.
• A group of industry professionals that elected to invest in their proprietary trading platform established the firm in 2010.
• The Daily Financial Newsletter keeps traders up to date on breaking news.

Therefore, it is also possible to trade options on a Smartphone / iPhone or on a computer without administrator rights. If your first deposit to OptionFair is in the 500 USD – 1,999 USD span, you will get a silver account. This will give you silver account perks, including 1% extra payout on all binary option payouts.

OptionFair Broker Review

You get access to all the great platinum account perks, including 4% extra payout on all binary option payouts. To start out with a gold account at OptionFair, your first deposit must be within the 2,000 USD – 14,999 USD span. You get access to gold account perks, including 2% extra payout on all binary option payouts. Not only that but they also offer binary options trading signals called FairSignals. This automatically alerts you letting you know which are the most profitable trade opportunities currently available.

On most binary options websites, you will see a short paragraph about how much the company values your business. Holding over 16 years of experience ifc markets review in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… Account opening balance typically starts from $200, but traders can actually start trading with as little as $100 in their accounts. Minimum trade amount is $10, and traders can operate accounts in US Dollars and Euros.

Platform

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. Registration is free, and once you do, you can simply ask support for your free eBook detailing how to start trading options and recognise trends. In summary, OptionFair presents a blend of features aimed at enhancing the binary trading experience. Proper diligence is essential for anyone considering engaging with the platform, as financial trading involves substantial risks that could impact one’s financial health.

However expect trades of longer than a couple of days to be the exception rather than the rule. The broker boasted a competitive payout structure, which was a persuasive aspect for many users. Traders appreciated the transparency and fairness in transaction policies, with funds generally being deposited swiftly into their accounts after trades were finalized. 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.

These algorithms were tailored to deliver some of the most competitive pricing in the binary options sector. This capability contributed to offering attractive trading conditions which potentially enhanced user profits. Additionally, the platform’s regulatory status has come under scrutiny. In the financial services industry, reputability is often tied to the regulatory frameworks that oversee operations. OptionFair has not been embraced by any recognized financial authority, which consequently leads to questions about its compliance with established trading norms and customer protections. The absence of appropriate regulations can often result in higher risks for traders, leading to potential losses and unprotected deposits.

Features at OptionFair

If you lose money, you get the money back – but in the form of bonus money with a wager requirement. If your first deposit to OptionFair is less than 500 USD, you will start out with a standard account. If you lose your money, you get them back from OptionFair – but in the form of bonus money that can’t be withdrawn until certain conditions have been fulfilled. The OptionFair platform is safe and enjoyable to use and has a lot to offer you, the savvy trader.

Software and Trading Platform

• 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.
• The platform claims to offer attractive payouts of up to 85% on successful trades, positioning itself as a potentially lucrative option for traders looking to maximize their returns.
• They are regulated by the prominent regulatory body in the binary options industry, the Cyprus Securities and Exchange Commission.
• Customer support is available 24/7 from its main office in Nicosia and telephone contact numbers are provided for each country serviced.
• However if the value of the withdrawal exceeds the initial amount, the rest of the money will be sent via wire-transfer.

Beginners will quickly get excited when they find out that OptionFair has one of the highest average returns per asset industry wide. OptionFair was also the first broker that introduced so called touch options and range options besides the standard high/low options. All traders with limited time can profit from very short options with 60 seconds expiration time. This way you can trade a lot of options within a short period of time. There are five different accounts available for binary option traders at OptionFair. Which account your start with depend on the size of your first deposit.

The platform is proprietary, so it may take a little time to get used to it, though you should find it easy and intuitive to navigate and use. Here, you can trade High/Low, One Touch, Boundary and Short-Term Options. OptionFair’s education center is extensive with tutorials on the basics of binary option trading and free webinars and ebooks for all account holders. $15,000 is the amount needed to fund the Platinum account and an 80% bonus is awarded to this amount. Please be aware bitfinex review that the CySec prohibits brokers to offer deposit bonuses starting from 2021.

Accounts

Every bit of information a trader needs is displayed on one screenshot, allowing for easy management of open positions and easy access to new opportunities. OptionFair was recognized as a distinct contender in the world dowmarkets of binary options trading. This approach offered traders the potential for high returns, with payouts reaching as high as 85%. The simplicity of binary options—where traders predict whether the price of an asset will rise or fall—made it an attractive avenue for many. On the positive side, some users did commend the platform’s user-friendly interface and transaction policies, which they found fair and efficient. Reports indicated that money transactions were relatively smooth, with deposits reflected promptly in user accounts.

While some users praised the platform, others had negative experiences, leading to a less than favorable reputation. 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. 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. There are also several textual lessons on the basics of binary option trading that can be viewed without having to open an account.