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OptionFair Broker Review

  1. OptionFair

    OptionFair as Popular Binary Broker

    OptionFair is present on financial market since 2010.

    For the past five years, this broker tries to provide traders around the world, including those in South Africa, a lot of trading tools and features which can be used to achieve success when trading binary options.

    OptionFair is operated by the B.O. TradeFinancials Ltd.

    Further in our OptionFair review, you can get better insight in what account types and trading services this broker offers.

    OptionFair Trading Platform

    OptionFair to their registered traders offers TechFinancials platform, one of the best in the industry. Traders can enjoy while trading binary options on this platform due to its simplicity and high safety level.

    Overall, trading platform looks very appealing, even before trading process starts.

    Minimum deposit for trading with OptionFair is $100, way below industry average. Returns of max. 91% is very high and attractive for traders in South Africa.

    Minimum investment is $25 and maximum investment is $5000. Traders are able to place trades in few currencies: USD, EUR, GBP, RUB and HUF.

    OptionFair Trading Features and Services

    Traders can place trades with binary options by using following trade options, such as High/Low, One Touch, Short Term and Boundary.

    Available trading expiry times with OptionFair are: 60 seconds, 15 minutes, 30 minutes, 1 hr and 24 hr +. These range of options enables traders to use those which they consider are the most profitable for them.

    During OptionFair review, we discover that OptionFair offers more than 130 underlying assets, divided into stocks, commodities, currencies and indices.

    Such a wide range of available assets isn’t seen so often in binary options industry. It shows how this broker pays attention to provide traders as much needed asset list and other trading features. Most popular features will be explained below in our OptionFair review.

    Demo account is very powerful tool in binary options trading process with OptionFair.

    They offer traders possibility to use demo account for the period of 5 days, where they receive $500 of virtual money. Demo version of platform is very useful because it allows traders to test the platform before investing their own money.

    This way, traders can use different strategies and trade options with a selection of expiry times and see if the trade will be profitable one.

    Another trading feature that we are convinced will attract a lot of traders is mobile application.

    With OptionFair mobile app, traders can now trade binary options not only on computer, but on tablets and smartphones too. Mobile app is compatible with iOS and Android systems. On mobile platform, traders can use a wide range of assets and trading features, just as with the regular platform.

    OptionFair Trading Accounts

    On OptionFair platform, traders can choose among 5 different account types, where their characteristics will be explained more detailed below in our OptionFair review.

    No more different trading accounts, now there is only 1 standard account!

    OptionFair Standard Account
    • minimum deposit $250
    • Education materials
    • ebook
    • introductory trading sessions
    OptionFair Silver Account
    • minimum deposit $500
    • daily market overview
    • one monthly financial expert tutorial
    • 2 live sms trading alerts
    • ebook
    • 1 trading strategy
    • Education materials
    OptionFair Gold Account
    • minimum deposit $2000
    • daily market overview
    • 2 per month financial expert tutorials
    • 4 live sms trading alerts
    • ebook
    • 3 trading strategies
    OptionFair Platinum Account
    • minimum deposit $15000
    • daily market overview
    • extra profit 3-4%
    • unlimited financial expert tutorials
    • unlimited live sms alerts
    • ebook
    • 5 trading strategies
    OptionFair VIP Account
    • minimum deposit $50000
    • daily market overview and ebook
    • extra profit 5%
    • unlimited financial expert tutorials
    • unlimited live sms alerts
    • unlimited trading strategies

    OptionFair Customer Support

    Trading platform, by OptionFair is truly multilingual and available on following languages: English, German, French, Russian and Hungarian.

    In OptionFair review, our readers can know that traders can reach OptionFair customer support on live chat, email on [email protected] and via telephone.

    We had positive experience with live chat. Agent answered us in few seconds, which is important because traders want to be able to contact broker any time and to get a response as soon as possible.

    OptionFair Banking Info

    Before making any payments, traders should sent few documents to OptionFair, which include: copy of photo ID, proof of address and copy of used credit card (with first and last 4 digits visible).

    Afterwards, traders in South Africa and other countries can without any disturbance make payment and trade binary options. Trading on OptionFair platform is secure and protected by latest version of SSL encryption and this way traders’ data are protected.

    Available deposit methods for trading binary options with OptionFair are possible through few ways:

    • debit/credit cards (Maestro, Mastercard, Visa and Visa Electron)
    • bank wire transfer  
    • e-wallets (Skrill Moneybookers, MoneyGram, Neteller, WebMoney, Western Union, QIWI, iDeal, China Union Pay and Abaqoos).

    With such a variety of payment options, we believe traders worldwide will be able to select those options that suit them the most.

    OptionFair allows one free withdrawal per month, without any fee charge. If traders choose to make more than one withdrawal in the same month, fee is charged $30. There is no minimum withdrawal amount. Estimated withdrawal time is 1 business day. 

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