Claiming to be created by traders for traders, the Swiss-based OptionFX binary option broker is quite a breath of fresh air in what has become a stale and repetitive industry. While not offering anything unique in terms of features or benefits, OptionFX.com does live up to its promise of making the trading promise fun and exciting by offering a lively and versatile trading platform along with exciting promotions and contests rarely seen in the binary option broker market.
Software and Features
The trading platform at OptionFX is quite powerful, offering a huge range of different option types and charting features while still being relatively easy to use and learn. Excellent Android and iOS apps make mobile trading simple and fast while retaining the versatility of the platform. While detailed explanations of the platform and how to trade options were available, there were relatively few resources such as a demo account offered for new traders at the time of our OptionFX review. However, more established traders can take advantage of the large news section including daily and weekly market recaps and an economic calendar. Live customer support is available in English and Russian online or over the phone.
Option Types Offered
For a broker trying to reach the upper tiers of the industry, the amount of Option FX assets is a little disappointing with only 58 stocks, indices, currencies, and commodities supported. That being said, there are plenty of different ways to trade these assets as OptionFX.com offers standard call/put options, short-term options including 60-second options, long-term options, one-touch options, and pairs option trading. Profit percentages top out at 85%, which is quite high among current brokers, with out-of-the-money trades carrying refunds of as much as 10%.
Account Types Offered
A customer service agent should be contacted when opening an account at OptionFX.com so that you can create an account with features tailored to your trading needs as well as being able to claim an OptionFX bonus of as much as 100% on your first deposit. One of the most exciting things about trading at Option FX is their rich promotions schedule where traders who make the most trades in a given time period can win amazing prizes such as iPads, sports tickets, trips, and even a sports car. Deposits are withdrawals are protected by SSL encryption and can be made through credit cards, PaySafe, CashU, and wire transfers.
There is a lot of potential for greatness at OptionFX; once they deal with a few issues such as expanding their asset list and educational center, they will be ready to ascend into the highest ranks of modern brokers. However, you don’t need to wait till then as trading with OptionFX.com is already a great experience that every trader should consider trying.