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Rating: 5.0/5 (1 vote cast)

OptionFair Review

Optionfair.com was founded in 2010 and despite being a ‘latecomer’ to the binary option market, it has gained a reputation as one of the leading firms dealing with binary options online.

Their back office team is a group of experts in the various aspects of financial trading. Option Fair is regulated by CySEC and is fully compliant with MiFID.

OptionFair - HomePage

OptionFair – HomePage

Accounts

There are five accounts to choose from including the VIP account and they are very well laid out in columns so the comparison of their features is easily noted. Welcoming Bonuses increase with the different deposits required for each account.

Opening an account is easy and the completion of the application process can be done from the front page in a matter of seconds. The trading procedure is clearly explained laid out and a trade can be placed within minutes. Deposits can be made in various ways including via Neteller and Western Union.

There are three trading styles offered at OptionFair in addition to the standard High/Low option, OneTouch, Boundary and Short Term. Little explanation was given for the different types.

Education is important at OptionFair and there is a host of instructional videos available to all account holders. They are broken down into four different courses: Binary Options, Trading Platform, Market Analysis and Option Strategies. In addition, any trader with an OptionFair account can receive the OptionFair Trading eBook by contacting support once they’ve registered.

There are several ongoing promotions including Invite-A-friend, Trade Risk-Free and several current holiday promotions with a maximum bonus of up to 100% for a deposit of $1000 or more.

Other features include an economic calendar, daily news and FairSignals, a hot trades alert system that lets traders know what are the most profitable possible trade opportunities as they happen. FairSignals is a trade signal system for binary options which makes recommendation whether or not to make a speculative trade on binary option. It gives the direction of the trade, CALL or PUT, which asset to trade and its expiry time. FairSignals are received by Email and/or SMS. Also they can be viewed on the website. For this you need to receive your log in details.

Platforms

Despite the technological advancements in the financial markets, optionFair.com has managed to continue trading with their straightforward and simple online trading platform.

The OptionFair trading platform is backed by OptionFair’s sister company 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. The TechFinancials team has developed a series of advanced pricing algorithms, providing the technology to power an unparalleled range of financial instruments.

OptionFair is the recipient of the Best Service award 2013, an award given by the traders themselves. This title focused on customer service and was based on availability, choice of language, courtesy and the professionalism of their investment advisors.

In conclusion, I would say that OptionFair is a well -rounded binary options broker who seems to have the trader in mind with its different choices and options.

AdvantagesDisadvantages
Five accounts to choose fromNo demo account
Choice of promotionsSparse information on trading types
OptionFair Review, 5.0 out of 5 based on 1 rating
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