Option Fair Review

MIN. DEPOSIT $250
Up to 91% PAYOUTS
Up to 100% BONUS
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Option Fair
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Overview

Broker information Introduced in 2012 and having its main offices in the Republic of Cyprus, OptionFair is a binary options trading broker. Thoroughly governed by EU’s MiFID and sternly overseen… more

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Details

BrokerOption Fair
Website URLhttp://www.optionfair.com/
Headquarters1st Floor, Kyriakos Tower, Kosta Hadjikakou 1 4107 Agios Athanasios, Limassol, Cyprus
Support Number+357 25 040 120
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Spanish, German, French, Italian, Hungarian, Russian
Minimum 1st Deposit$250
Minimum Trade Amount$25
Maximum Trade Amount#30,000 (daily); $80,000 (weekly); $150,000 (monthly)
BonusUp to 100%
PayoutUp to 91%
Free Demo Account No
Regulated Yes
RegulationRegulated by CySEC
Deposit MethodsVisa, Visa Electron, MasterCard, Diner’s Club, Maesto International, JCB, Carte Bleue, Dankort, CartaSi, Laser, Discover, Western Union, MoneyGram, Skrill, Neteller, WebMoney, QIWI, China Union Pay, Abaqoos, iDeal, Wire Transfer
Withdrawal MethodsVisa, Visa Electron, MasterCard, Diner’s Club, Maesto International, JCB, Carte Bleue, Dankort, CartaSi, Laser, Discover, Western Union, MoneyGram, Skrill, Neteller, WebMoney, QIWI, China Union Pay, Abaqoos, iDeal, Wire Transfer
Expiry TimesFrom 60 seconds to several months.
Types of AssetsCurrencies, Stocks, Indices, Commodities
Account CurrencyEUR, USD, GBP, RUB, HUF
US Traders Allowed No
Islamic Account: No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Broker information

Introduced in 2012 and having its main offices in the Republic of Cyprus, OptionFair is a binary options trading broker. Thoroughly governed by EU’s MiFID and sternly overseen CySEC, it is owned by B.O. Trade Financials.

Commodities, currency pairs, and stocks are the trading assets at OptionFair. It is also listed on the London Stock Exchange.

OptionFair’s trading philosophy revolves around a platform that punches its weight around the market leaders by allowing investors to closely follow financial markets across the globe and, more specifically, their trends in binary options and Forex. Bear in mind that at OptionFair each and every trades irrespective of its amount carries a fixed fee of €2.5 (or the local currency’s equivalent).

The company has a simple, yet elegant, website design, and is available in many languages, including English, Hungarian, Spanish, Russian, German, Italian, and French.

Accounts

Five different accounts are available at OptionFair. To launch a Standard account, a minimum deposit of $250 is needed. Silver accounts are set up with a minimum deposit of $500. The minimum trade for both is $25. Starting a Gold account, a trader must fund it with at least $2,000. Launching a Platinum account necessitates $15,000. VIP account holders would need at least $50,000. $50 is the minimum trade amount for the last three accounts. However, no demo account exists. The maximum payouts can reach up to 100%.

Deposit and Withdrawal Options

Dedicated to securing a safe trading atmosphere which epitomizes trustworthiness, convenience, and complete reliability, OptionFair utilizes a number of secure deposit and withdrawal methods. No deposit is necessitated to sign up for an account, however, if you feel like trading, a minimum of $350 (or equivalent) is requested.

Customers can execute their deposits and withdrawals by making use of VISA, JCB, VISA Electron, Abaqoos, MasterCard, Diner’s Club, Maestro International, Carte Bleue, Dankort, CartaSi, Laser, Discover, Western Union, MoneyGram, Skrill, Neteller, WebMoney, QIWI, China Union Pay, iDeal, and Wire Transfer.

No minimum withdrawal sums exist at OptionFair, but keep in mind that only one monthly withdrawal is exempt from fees. Any additional ones in the same month will carry a charge of $30 or equivalent. Withdrawals require 5 working days to materialize.

Hungarian forints, U.S. dollars, Russian rubles, British pounds, and Euros are OptionFair’s accessible currencies.

Features

Probably the most interesting feature of OptionFair is the traders’ ability to move from binary options to Forex trading with a single click which is rarely found in other binary trading companies. The FAQ section is very well divided into separate topics which makes it easy and convenient to use. Expiry calculator, economic calendar, and an early closure listing are some of the other features provided by OptionFair. Additionally, there are rate charts for currency pairs and daily financial news.

Education

All accounts are entitled to an eBook, free interactive webinars, and thorough tutorials in the education center. There are video courses and webinars for both beginner and experienced traders. OptionFair is devoted to the success of its investors and offers many expert trading training on the essentials of binary options, how to read financial trends and to analyze the markets’ volatility. There is also a glossary of the most common trading terms and concepts.

Customer Support

Customer support is accessible 24/7 via an e-mail and a live chat session screen – the latter were very helpful and pleasantly carried out. Local offices in 11 different countries can be reached over the phone.

Bonuses/Promotions

Besides the welcome bonuses for all accounts which are 30%, 40%, 60%, 80%, and 100% for the Standard, Silver, Gold, Platinum and VIP, respectively, there are other perks. With the exception of the Standard account, all others receive an additional profit of 1% (Silver), 2% (Gold), 3-4% (Platinum), and 5% (VIP). All accounts are eligible for the receipt of trading signals in regards to which asset is best for trade, as well as its expiry time and direction.

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