OptionFair Review – Simple and simply fair

Nowadays, OptionFair belongs to the largest platforms for binary options trading and there are very good reasons for that. First of all their self developed platform is a big competitive advantage and distinguishes OptionFair from other brokers that are just using white label platforms. That’s the reason why OptionFair was able to innovate a lot and introduce new types of options like 60 seconds options or high yield options that give you the opportunity for large profits.

The company behind OptionFair is a reliable company (Mika Holdings) that also runs 24Option. Both brokers use the same platform in different styles, but they don’t offer it as white label like SpotOption or Tradologic does. This makes it rather exclusive and you can rest assure that the trading platform will remain a significant competitive advantage for OptionFair and they will work hard to improve it.

That’s the main reason why we can recommend this broker without any restrictions and it’s also a great place for novice traders. We even got a special deal for our readers – risk free trading. You can sign up at OptionFair through one of our links and start trading. In case one of your first 10 trades won’t make any profit and an option expires out of the money you will get the lost investment back!

Click here to sign up and make use of this fantastic offering!

Visit OptionFair Website >>Open a free Live Account >>

OptionFair Platform

As already mentioned the platform was developed solely for OptionFair and no other brokers. For you as a trader this is very good because you know exactly that this broker invested a lot of money to differentiate itself from the remaining brokers. There are many innovative features and options you could enjoy at OptionFair first like touch- and 60 seconds options.

This broker relies solely on a browser based platform and that’s why it’s 100% compatible with Mac and Linux. Smartphones and tablets are also supported by this broker. This is possible with a web-app that works for iPhone, iPad, Android or Windows Phone once you open the website.

Apart from this you have to say that the OptionFair platforms usability is great and it’s very easy to navigate. You will recognize immediately that this is something OptionFair has put a lot of work in. You can finish a trade with three simple clicks: selecting an option, selecting high/low, trade! There’s no way to make it easier!

Options at OptionFair

OptionFair is famous for certain types of options and for having invented them. Other brokers simply copied these options and that’s why most traders don’t even realized you was the inventor/originator. You can trade with standard high/low, touch and boundary options. The latter two also offer high yield options where you can make over 400% in profit. There’s an early closure feature that allows you to sell options back to OptionFair until 5 minutes before expiration.

In total there are around 40 assets spread over Forex, commodities, indices and stocks. To be honest, there are brokers with a lot more assets. Then again you have to admit that these are enough assets for 99% of all traders, especially for novice traders.


Prof. Binary’s Trading Tip:

Did you know that OptionFair came up with a lot of innovations within the binary options industry? They were the first to market touch and 60 seconds options for example. If you choose OptionFair as your broker you will always be able to enjoy the latest trends in the industry!

Click here to start trading with this innovative broker!

Banking

Opening an account with this broker is no biggie. Obviously the sign up process is 100% secured through SSL connection and you don’t have to fear that your sensitive personal information are insecure.

After the sign up and verifying your email address you can make your deposit. The minimum deposit is $250 and the minimum option size is $25. This is a bit high and that’s why we recommend depositing at least $300. The maximum option size is $1000.

In terms of deposit options there’s some room for improvement. You can deposit with your credit card and wire transfer. Moneybookers/Skrill, Neteller and others are currently missing.

Customer Support

There are a couple of ways to get in touch with the customer support and the most popular is their superior live-chat that is extremely fast and works smoothly. You can also contact their customer support through email or phone if you want.

Summary

OptionFair became one of the largest and most popular brokers for good reasons. Their power to innovate is something very unique in this industry and enabled them to launch more and more types of options over the last three years. That’s why you can rest assure that this broker will be on top of trading technology. Their platform is unique and very easy to navigate. The pretty low amount of assets, their deposit options and the pretty high minimum option size are the downsides of this broker. Apart from that you can’t really find anything else to criticise.

Visit OptionFair Website >>Open a free Live Account >>