optionFair Review

Our Rating
8.7
Pros: 13 Global Languages, 85% Return for In The Money, Attractive Trading Platform, Suitable for all Trading Levels
Cons: Support needed on the Weekends, No PayPal Deposit Method
User Rating
0
(0 votes)
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optionFair Overview:

optionFair is owned and run by Mika Holdings Inc, a British Virgin Islands based company. As with other binary options brokers, the trading platform is web-based. This allows you to trade from any computer you desire.

The return rates for in the money can be up to 85%. Out of the money return rates range between 0% and 15%.

This broker has been around for a few years now, and has become more popular recently. This may be due to the fact that you can trade in any of 13 global languages.

The team at optionFair is second to none, as they have first-hand understanding about binary options and the financial markets.

Payouts: In The Money 85%
Payouts: Out Of The Money 15%
Minimum Deposit $200
Minimum Trade Amount $25
Maximum Trade Amount $1000
Traders from USA Not Allowed
Demo Account No
Platform Type Techfinancials
  • English
  • Spanish
  • German
  • French
  • Italian
  • Arabic
  • Danish
  • Finnish
  • Japanese
  • Norwegian
  • Swedish
  • Turkish
  • Chinese
  • EUR
  • USD
  • GBP
  • JPY
Up/Down Yes
Touch Yes
Boundary Yes
Deposit Options Credit Card, Wire Transfer, MoneyGram, MoneyBookers, Western Union, Liberty Reserve, cashU, WebMoney
Withdrawal Options Credit Card, Wire Transfer, cashU

optionFair Review:

 

Usability – 0.9/1

We found the homepage to be very attractive and well laid out, letting you find your way round easily. The good layout is vital for a broker to display all of their key features clearly.

There are a number of education features that will help you follow the latest binary options news. Also, you will be able to follow your favorite binary options too.

We gave the support team a call, and they told us how to trade on the trading platform. This just added to the usability of the trading platform.

We did notice that a few more education features are required, but what is viewable is enough to get you going.

Payouts – 1/1

We are happy to say that if your binary option expires in the money, then you are liable for up to 85% return. If your binary option expires out of the money, you can receive a return of 15%.

Deposits & Commissions – 0.7/1

The minimum deposit at optionFair is $200 and the maximum deposit is $20,000. Trading on this broker’s trading platform is absolutely free.  Wire withdrawals do cost $30, whilst other withdrawal methods do have some costs too.

Payments Options – 1/1

There is a decent amount of deposit methods on offer: credit card, wire transfer, MoneyGram, Western Union, cashU, MoneyBookers and Western Union. You may deposit funds into your trading account via GBP, EUR, USD or JPY.

No. of Assets – 0.6/1

Trade from 12 indexes, 4 commodities, 16 currency pairs and 8 stocks. This is only 40 underlying assets, not enough to be a top binary options broker.

BRITISH PETROLEUM PLC
BARCLAYS PLC

GOOGLE INC
APPLE INC

FRANCE TELECOM
SOCIETE GENERAL

SONY
SUMITOMO

FTSE 100
DAX 30 FUTURE
DOW JONES 30 FUTURE

NASDAQ 100 FUTURE
IBEX 35 FUTURE
CAC 40 FUTURE
SMI FUTURE
S&P 500 FUTURE
ASX 200 FUTURE
NIKKEI 225 FUTURE
HANG SENG FUTURE
NIFTY FUTURE

GOLD

Crude Oil

SILVER

EUR/USD
GBP/USD
EUR/JPY
USD/JPY

GBP/JPY
EUR/JPY
EUR/GBP
AUD/USD

USD/CAD
USD/TRY
EUR/TRY
USD/CHF

EUR/CHF
EUR/CAD
CAD/JPY
USD/NOK
EUR/NOK

Expiry Times – 0.9/1

You may choose from 15 minutes, hourly, daily and weekly expiry times at OptionFair.

Platform Languages – 1/1

This broker earns full marks, as you have the privilege of trading in 13 global languages.

Platform Features – 1/1

When it comes to the trading itself, there are many interesting features. There are the High/Low, One Touch and Boundary options, maximizing your trading experience.

Each one of these trading options is simple, and gives you a lot of choice when trading with your very own binary option.

The Glossary, FAQ, How to Trade and market reviews are amongst the most useful features on the platform. This is s because they can educate you about all you need to know about binary options trading.

If you are up for trading with a leading binary options broker, you should take a look at what optonFair has to offer you.

Special Offers & Bonuses – 0.7/1

The latest bonus is if you refer a friend to optionFair. They will receive $25 into their account, and you will receive $50.

Customer Support – 0.9/1

The optionFair support team deserves high marks due to their helpfulness and professionalism. They can be contacted via phone, email or live chat.

Pros:

  • Market Analysis
  • Well Setup Platform
  • Variety of Trading Features
  • Professional Support Team
  • High Return Rates
  • Many Deposit Methods

Cons:

  • More Education Features Required
  • Lack of Underlying Assets
  • Requires Monthly Expiry Time
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