OptionFair is one of the most widely-recognised binary trading platforms, being an innovative platform that is operated by BO TradeFinancials it’s at the forefront of the market. BO TradeFinancials operates from the Cyprus Republic, and is licensed by the Cyprus Securities and Exchange Commission, with license number 216/13.
Is the platform a scam?
As a secure platform, OptionFair is backed by TechFinancials. Thus, it isn’t a scam. And since the platform is regulated by the CySEC bearing a license number, OptionFair is a widely-used tool in the binary options world. The strong security and privacy policies with a professional customer support team deliver a level of dedication to traders that they wouldn’t find otherwise.
Trading Philosophy of OptionFair
OptionFair’s leading trading platform allows clients to keep themselves abreast of the latest trends in the worldwide financial markets, and enable them to trade in forex and binary options platforms. On OptionFair, both beginners and experienced traders find the platform very user-friendly, quick to learn and fun to use. To that extent, OptionFair has the following goals and values in mind from a trader’s perspective:
- Fairness and Transparency
- Freedom of Choice
- Enjoyable Trading
- Segregated funds
- Withdrawal Guarantee
OptionFair’s Facilities & Staff
OptionFair, powered by BO TradeFinancials, is professionally managed by an expert and an experienced team of finance professionals specialising in online binary options trading, across the four key financial markets, including stocks, forex, commodities and indices.
Traditional Options vs. Binary Options
Binary options are like traditional options, the pay-offs are based on the price of an asset at the expiry time. In binary options, traders need to correctly predict the direction of the movement of the price of an asset, rather than the magnitude of the movement. This difference between binary and traditional options is the way that gains and losses are calculated. Binary options offer a fixed rate of returns, while with traditional options, the returns can be infinite, which makes these options riskier than binary options.
Advantages of Trading Binary Options include
- Fast Trading – binary options offer you fast trading opportunities, where you decide if an asset or security will close above or below the current market price.
- Binary options are simple and effective tools to hedge investment portfolios, allowing you to leverage the price fluctuations of an asset at expiry time.
- Since trade completes in or out of the money, pay-out of binary options is fixed. This allows traders to monitor and minimize their risks with transparency.
- As a trader, if you are seeking to hedge any current position in the financial market, binary options are very effective.
- Binary options can be exercised throughout the day, week, month or year. As such, binary options are issued 24/7.
Trading Platform, Trading Options & Software Features
OptionFair’s trading platform is backed by TechFinancials, a sister company of OptionFair. The platform provides the finest binary options trading interface, offering the widest range of financial instruments and assets to trade on. The tool offers binary options across various assets and securities such as stocks, currency pairs, stocks and stock market indices. On this platform, a financial binary option allows you to monitor two possible market movements that is based on the trading instrument.
OptionFair offers traders the following types of trading instruments to make the most of their investment opportunities:
- 60 Second Trades
The High/Low instrument allows a trader to leverage on whether the market price of an asset will end higher / lower than the current market price.
The One-Touch instrument focuses on the target price of an asset and the outcome of the option depends on whether the market price will reach or does not reach a target price at the time of the option’s expiry.
In the Boundary Instrument, there are two target prices (a lower target and an upper target), forming a boundary range. The result of investing in this option depends upon the market price at the time of expiry, relative to the boundary range.
A short-term instrument is like the high/low instrument, with the exception that the expiry time is very rapid. Short-term trades that are currently in vogue include the 60-second trade, the 2-minute trade and the 5-minute trade.
Forex is an exciting concept in online trading, where traders get to trade pairs of currencies on one platform. The advantage of Forex trading is that even if a trade is not successful, an investor loses only his initial investment, with no extra liabilities. An investor can extend successful trades to book profits.
Bonus and promotion offer
OptionFair does not offer any bonus, but you get 100% pay out at the end of the trading period. However, there are two types of risk-free or trade insurance type rebates that new customers get on signing up.
OptionFair comes with a top-end mobile trading app and platform that allows you to trade in the financial market of your choice. The OptionFair mobile trading platform is compatible with iPads, tablets, iPhones, and Android devices, and is free to install. The fast, intuitive and secure platform gives you access to more than 130 global assets across all four financial markets.
Deposits & Withdrawals
There are multiple payment sources from where you can make a deposit to your OptionFair account, and these are 100% secure and safe.
The important deposit methods include credit cards, wire transfer, payments through Western Union money transfer, MoneyGram, Skrill and Neteller.
To provide each trader with the service that is individually right for them, OptionFair provides five account types.
The Standard account, starts at an initial deposit of £250 and provides you with a deposit bonus of 20 percent. Silver account comes with a minimum deposit of £500 and gets you a 40% deposit bonus. Additionally, you also get 1 trading signal per month.
OptionFair’s mid-level account is the Gold Account which comes with a £2000 deposit with a 60% deposit bonus. The Platinum Account takes you to a higher level, and your minimum deposit increases to £15,000, with an 80% deposit bonus. At the peak is the VIP Account, which requires you to deposit a minimum of 50,000 and comes with a 100% deposit bonus. You also get an additional 5% profit bonus, with an unlimited number of sessions with a financial expert.
Pay-out at OptionFair is about 85%.
OptionFair is run by BO TradeFinancials Ltd., a Cyprus based company, which is licensed by CySEC (Cyprus Securities and Exchange Commission), bearing license number 216/13. This license is valid across the European Union member states, under the EU’s MiFID (Markets in Financial Instruments Directives), a legislation to harmonise financial transactions across the EU.
Demo account: Available
English, Germany, France, Hungry and Russia
All financial instruments are subject to risks but if traded with thorough knowledge it can be another goldmine. OptionFair has tried to minimize risks and has incorporated cutting edge technologies to minimize losses.