OptionFair Review

With the many choices of binary options platforms available today, it is important for traders to choose the one that will work best for them in terms of usability, education, and other trading amenities. One such platform is OptionFair. Known for its user friendliness and excellent customer service, this binary options trading site is certainly one to consider.

Click here to start trading at OptionFair right now!

Binary Options at OptionFair

OptionFair allows traders to use a variety of underlying assets. These include:

  • Stocks – Currently, traders may use approximately a dozen different individual stocks in their trading activities
  • Indices – There are also 12 indices available, including the Dow Jones 30 Future and the S&P 500 Future
  • Commodities – The commodities that are offered include gold, silver, and crude oil
  • Forex – There are 16 different currency pairs offered for traders to use, including the USD/JPY and EUR/USD

Trading Platform

The OptionFair trading platform is web-based and easy to use. It has been designed for educating novice binary options traders, including offering the use of a trading simulator so that traders may get a real feel for how binary options trading works.
There are three primary types of trading that users may take part in. These include:

  • High/Low – Traders may use an above/below method
  • Boundary Trades
  • One Touch – OptionFair users may use touch/no touch trades, with up to 350% returns

OptionFair Overview

OptionFair was established in 2010, and although it is a relative newcomer to the binary options trading world, it has begun to make its mark in the industry. This platform has done a very good job of taking the complexity out of binary options trading – which can be a real benefit for both new and experienced traders alike.

The site is staffed by experts in the financial field, and the site’s customer service is offered in 12 different languages in order to assist a diverse set of traders. These languages include English, Arabic, Norwegian, Japanese, Danish, French, Italian, German, Finnish, Turkish, Spanish, and Swedish.

In order to contact the OptionFair customer support team, traders have the option of using email, telephone, and live internet chat. Customer support is offered 24 hours per day, 7 days per week.

Trading Features and Payout

Payout ratios for OptionFair users average approximately 85%, depending upon the type of trade that is made. However, those who possess a VIP account may earn more. For those trades that are not successful, OptionFair has a 0% refund ratio. Another benefit to using OptionFair is the ability for traders to close their market position prior to the time of their options expiry.
In addition, so that traders may focus on particular areas of the market in which to trade, OptionFair provides daily market analysis and highlights. This additional education can allow traders to quickly obtain the information that they need so that they may make more informed trading decisions.

Demo Account

OptionFair also offers traders the use of a demo account. This can allow users to use the trading simulator in order to get a feel for how the binary options market works, yet without the need to put real funds at risk.

Mobile Trading and Apps

In order to allow traders to access their accounts and to make trades on-the-go, OptionFair offers a fully mobile trading application. To access OptionFair’s mobile site, traders with any mobile device that has a browser and internet access can trade from nearly any place as long as there is an internet connection.

Payment Options

Traders who use OptionFair may use several methods of deposit and withdrawal. The minimum deposit amount is $250. In order to fund one’s trading account, the following choices are available:

  • Assisted Deposit – Should a trader require assistance in making a deposit into their account, customer service reps are available via live online chat to walk users through the process
  • Self Deposit – For traders who are already familiar with making deposits, there is also an option to do so via the OptionFair website

Account deposits may be made via:

  • Credit Card
  • Liberty Reserve
  • MoneyBookers
  • Wire Transfer
  • Western Union
  • MoneyGram

Trader withdrawal options include credit card, wire transfer, MoneyBookers, MoneyGram, Liberty Reserve, and Western Union.

Conclusion

OptionFair has a number of nice features for both new and experienced binary options traders alike. The trading platform is reliable and easy to use, even for those who are just getting started in this particular market. In addition, for those who need additional assistance, the OptionFair customer support team is available round-the-clock to help with any type of question or concern. Regardless of one’s binary options trading expertise, they should definitely give OptionFair a try.

Click here to start trading at OptionFair right now!

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