OPTIONFAIR Review 2022
Many businesses place their primary emphasis on being driven by either marketing or technology. OptionFair.com is a formidable technology-focused entity in the binary options brokerage sector and is an example of the latter, which tend to be more trustworthy. If you are interested in binary options, visit this website. In 2010, the company was created by a group of industry veterans who had previously made the decision to invest in their proprietary trading platform. “B. O. TechFinancials” is the new owner and operator of the business. This business, together with OptionFair.com, holds a license from the Cypriot Securities and Exchange Commission (CySEC).
OptionFair, a technology company, differentiates itself from its competitors via the usage of innovative solutions. When you go to their website for the very first time, you will get a positive initial impression of it. It is possible to translate it into eight different languages, and it is very simple to go to their offerings from the home page. On their user-friendly and easy trading platform, they have been instrumental in the introduction of new sorts of options since the company’s inception. These options range from one-touch options to no-touch options to boundary options. Other brokers have swiftly followed following, although they do not support the capabilities that this company does, such as the ability to close options before their expiration times. On a single screenshot, every piece of information that a trader needs to see is provided. This makes it simple to manage open positions and simple to gain access to fresh chances.
In terms of the offerings they provide, this broker is unrivaled, whether we’re talking about promos, asset selections, or even account classes. Payouts can range anywhere from 70% to 85%, although members of their VIP account class are eligible for payouts of up to 89%. The rebates can be as high as 15%, although they vary depending on the asset. You are able to trade “turbo style” with 60-second choices, in addition to the classic, one-touch, and no-touch alternatives, as well as the boundary/range options. This broker has made a concerted effort at every juncture to enhance the quality of your trading experience by utilizing technology in the form of SMS alerts, current market commentary, and an abundance of instructional materials. The company’s objective is to give “traders with the ability to profit securely and reliably by investing in a variety of assets,” which is in line with the goal that they have declared for themselves.
Accounts
At OptionFair, traders have the ability to choose from one of five different types of trader accounts. Each account level offers investors an increasing number of features and bonuses.
The minimum deposit required for the Standard account is $250, and the account receives a bonus of 30% of the initial deposit amount. The lowest possible trade is for $25. The Silver account can be opened with a minimum deposit of $500 and comes with a bonus equal to 40% of the amount deposited. In this location, the minimum trade is also $25, and an additional 1% profit is applied to each transaction.
A Gold Account can be started with a deposit of $2,000. There is a bonus of up to 60% available, in addition to an additional profit of 2%. The minimum deposit required to open a Platinum account is $15,000, and there is a bonus equivalent to 80% of this deposit amount. There is a potential profit enhancement of 3-4% available.
Anyone who deposits at least $50,000 is eligible to open a VIP account, which comes with a 100% bonus and an additional 5% profit.
The first two accounts each have a $25 minimum trade requirement, and there are no fees associated with withdrawing money from any of the five accounts. There is no provision of leverage.
Every trader has the opportunity to get trading signals in real time, which can be delivered by email or text message. These signals provide information on which asset to trade, the direction of the trade (i.e., call or put), and the time until the deal expires.
During the course of my research for this review, I was surprised to discover that a trial account was not available.
FEATURES AT OPTIONFAIR
The following is a list of the distinguishing elements that can be found on the OptionFair.com website:
• Having its headquarters in Cyprus and having been in operation since 2010, the company is run by a group of committed financial professionals who are technical leaders in the rapidly developing field of binary options and who have experience in all aspects of the business;
• Holds a license issued by the Cyprus Securities and Exchange Commission, bearing the number 216/13;
• Options such as the traditional High/Low, One-Touch, No-Touch, Boundary, and 60-Second are all available;
• Payoff rates that can go as high as 89% for VIP accounts (else 85%), with a rebate for improper trades that can reach up to 15%;
• There are more than 70 different assets to choose from, with a focus on the most liquid and widely traded options (currency pairs = 21, commodities = 9, stocks = 29, and indices = 13);
• The trading platform provides quick access to all open options, price behavior, and customer sentiment barometers, in addition to offering numerous features that are not offered by any other brokers;
• Five different account classes to accommodate any sort of trader — The standard deposit is $250, which will earn you a bonus of 30%; the silver deposit is $500, which will earn you a bonus of 60%; the gold deposit is $2,000, which will earn you an 80% bonus; the platinum deposit is $15,000, which will earn you a bonus of 100%; and the VIP deposit is $50,000, which will earn you a personal bonus whose amount is to be determined and 89% payoffs
• Extensive educational content, such as frequently asked questions, video tutorials, an eBook on binary options, webinars on binary options trading, an introduction to trading, a glossary, a Trader’s Center, daily news, SMS alerts and signals, an economic calendar, and more;
• Credit and debit cards, e-wallets, wire transfers, and a variety of other local and international payment options can be used for deposits and withdrawals;
• The company will now take deposits in any of the following four currencies: EUR, USD, GBP, or RUB;
• Our customer support representatives are available to assist you “24/7” in 13 of the most common languages through live chat, email, or by calling you directly.
Bonuses/Promotions
At the time of writing this review, there are a number of different promotions that may be taken advantage of.
In the OptionFair Trade to Win Tournament, prizes totaling one hundred thousand dollars were given out on a monthly basis. The traders who have had the most consistent run of profitable trades are highlighted on the website once every week, and at the end of each month, the top three finishers are awarded cash rewards.
Traders who participate in the Invite-A-Friend program are eligible to get a commission of up to $150 cash money for each friend who opens a new account on their behalf, while the friend also receives $25.
Anyone who creates an account on OptionFair and makes a transaction through the platform is eligible for five risk-free trades, each of which can be worth up to a maximum of one hundred percent of the initial deposit. The bonus money is added to the account once funds are received, which are then deposited there.
Education
The education center at OptionFair is quite comprehensive, featuring tutorials on the fundamentals of binary option trading in addition to free webinars and ebooks that are available to all account holders.
The video lessons are organized into four primary categories, each of which has a number of different and engaging subtopics or modules. Binary options, trading platforms, market analysis, and option strategies are all included in this category.
OptionFair is committed to facilitating the achievement of its customers as traders. They provide a series of webinars that cover a wide range of topics and are designed for different kinds of traders to participate in. The fundamentals of what binary options are all about, as well as some unique trading tactics and suggestions on how to be successful with your investments, are covered by expert trade teachers in this course.
A place in any of the webinars is available for reservation to any trader who has an account with OptionFair.
You don’t need to sign up for anything to read the various textual classes that cover the fundamentals of trading binary options. These lessons can be seen whenever you like.
The comprehensible handbook that is made available to all traders provides information on how to start trading Binary Options, how to analyze trends, where to receive your information, and a great deal more.
DEPOSITS AND WITHDRAWALS
When you sign up for an account, no deposit is necessary; but, in order to start a trading account, you will need to have at least $250 (or its equivalent in Euros, Pounds, or Rubles), which is the minimum amount. There are a number of ways in which deposits can be made, including all of the main credit and debit cards, eWallets, bank wire transfers, and other local payment methods. This allows for the creation of five different account classifications. As long as the company has the internationally needed identification materials on file, the withdrawal process is expedited rapidly and is conducted in the same manner as the initial deposit.
SUPPORT FOR CUSTOMERS
OptionFair has a network of offices that can provide help for your trading endeavors, and its expert customer care professionals are available online through live chat, email, or direct phone lines in a number of different countries. At the moment, support is provided for 13 distinct languages, and the website itself may be seen in 8 of those languages. Ebooks, video lessons, and general instruction webinars are some of the other formats that provide a wealth of educational content that can be accessed online. The basket of resources that are supplied to increase your odds in the market includes daily news, an economic calendar, SMS signals and alerts, and active discussion.
PLATFORMS
OptionFair has made significant investments in the development of their own bespoke binary options trading platform. It is web-based and straightforward, but it nevertheless provides the fundamentals, just like other platforms, along with a few features that might assist traders in having flexibility when using the numerous techniques they employ. This company pioneered the one-touch and boundary choices, both of which were immediately adopted by their competitors in the sector. Each and every trading session is protected by SSL encryption of 128 bits, and the company is a participant in a deposit safety scheme that is backed by the Republic of Cyprus.
Platform with Private Ownership
OptionFair’s trading platform, which offers the most advanced Binary Options trading interface available, is supported by OptionFair’s sister company, TechFinancials, and was designed with the goal of delivering the best possible customer experience. The portal makes available a comprehensive inventory of various financial instruments and assets. The team at TechFinancials has developed a series of sophisticated pricing algorithms, which provides the technology to power a variety of financial instruments that is unmatched in scope.
In addition to the conventional High/Low option, the trading platform OptionFair provides customers with the ability to engage in OneTouch, Boundary, and Short Term trades. The thing that struck me as odd, on the other hand, was the fact that virtually little explanation was given for the disparities between these styles. I didn’t see anything much else in the FAQ section.
Option for Traders
OptionFair provides clients with the ability to trade in one of four different ways:
• High/Low is the conventional type of binary option, which asks whether the price of an asset will be higher or lower when the option expires. This choice also contains the “Above/Below” option, which not only provides higher payments but also necessitates a greater price movement in order to be considered profitable. The terms “above” and “below” are separated from the striking price by a certain distance, and, as the names imply, the asset price must finish either above or below these values in order for the option to be profitable.
• Short Term is the same as ‘High/Low,’ but the expiration times are much shorter, ranging from 5 minutes all the way down to just 30 seconds.
• One Touch – Will the price of the asset “touch” the level that has been preset? You have the option of going long or short on the trade (Touch or No touch). OptionFair also provides customers with Higher Yield Touch options, in which the preset level is situated further away from the strike price yet offers payments that go as high as 200%.
• Boundary Trades Boundary trades have two predetermined levels, one that is greater than the other and one that is lower than the other. The outcome of this binary option depends on whether the value of the underlying asset will reach one of the predetermined levels or fall outside of them (Out).
OptionFair has incredibly comprehensive asset lists, which include all of the most prominent indices, currencies, commodities, and stocks to trade. These asset lists are really good. Other companies do provide a list that is more exhaustive, but OptionFair excludes only the least common assets from its marketplace. This helps to keep payouts high by ensuring that there is sufficient interest in the asset to warrant the establishment of a market for it.
OptionFair Mobile App
OptionFair provides a trading app that is free to download and is compatible with iOS and Android smartphones with versions 4.0 and higher (Currently optimised for iPhone 5). The program has been met with favorable responses so far and provides a beneficial resource for traders who wish to maintain an up-to-date status on their transactions while using a mobile device.
The trading layout is straightforward and easy to navigate; trading buttons are arranged in a logical manner, and a “scrollable” amount ticker makes it possible for traders to enter transaction amounts with a swipe of their finger. The application gives users access to the whole spectrum of choice types as well as a comprehensive selection of assets. Graphs depicting the prices of various assets also function quite well with the mobile interface.
Payout
On average, OptionFair provides a maximum return on options that is equal to 81%. This rate is subject to change depending on the asset and the duration of the expiration term. There are options with higher payouts available; for instance, above/below binary options can pay anywhere from 200% to 300% of the investment if the asset price moves significantly. When compared to those of other brokers, the payouts at OptionFair are, on average, more favorable.
OPTIONFAIR: THE FINAL REMARKS
OptionFair.com is a technology-based company that has established itself as a leader in the binary options industry since 2010. The company has distinguished itself through the introduction of cutting-edge trading features and a straightforward mission to provide clients with the most useful instruments and options available on the market. They have achieved their leadership position without making a big marketing splash, and they continue to lead the industry by looking to the future with a vision that is unparalleled in the sector. If you prefer a straightforward broker who places an emphasis on doing things correctly, then OptionFare.com might be just what the doctor ordered.