With so many online options brokers out there, it seems like there is little to distinguish one from another. Therefore, it is refreshing to find a binary options broker as good as OptionFair, which has everything that traders could ever possibly want; and their recent financial regulation in Cyprus makes them even more attractive. Our OptionFair review looks at what has made OptionFair.com one of the elite brokers in today’s binary options market.
Software and Features
The online platform at Option Fair is run on a custom-designed TechFinancials engine and is immensely powerful, yet still intuitive and clear. The platform is fairly fast-paced, which is perfect for veteran traders, though newbies might have a bit of an issue keeping up. The OptionFair.com website itself has more information than nearly every other broker. It is truly one of the sites in the entire industry. All the legal and background information of the company is there, as well as a huge educational centre, promotions section, and trading tools area. A new addition is the OptionFair online signals service, FairService, which can help traders automate their account. Customer service is just a few clicks away.
Option Types Offered
One of the only average things about Option Fair is their asset index, which has around 70 commodities, stocks, indices, and currency pairs. These can be traded with standard put/call options as well as one-touch and range options. There are a multitude of expiry times available, including 60-second trades. Trades can also be closed early in order to lock in profits or hedge against losses. The average payout is extremely high, around 80%, with VIP clients reaping as high as 89% profits.
Account Types Offered
It take $250 to open an account at Option Fair, which gets traders a Standard Account with a small amount of features and a 30% OptionFair bonus. Higher rewards come with higher deposits; for instance $500 get traders a Silver Account with a 60% bonus, extra 1% profit, and exclusive trading strategies. The Gold Account at $2,000 offers an 80% and even more personalized features. Traders who deposit over $10,000 are VIPs and have access to huge amounts of benefits and bonuses. There are plenty of ways to deposit, including through credit cards, wire transfers, and e-wallets.
While a broker review should show both the strengths and weaknesses of an online options broker, there are simply so few weak aspects of OptionFair.com. On the other hand, the great trading platform, the exclusive bonuses and services, the high payouts, and the huge amount of resources are all excellent parts of OptionFair, and are the reason they have become one of the most popular platforms.