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optionFair Trading Platform

 
 

optionFair™ Review

 
     
 

 

If you decide to have a swing at binary options, you need to choose the best options trading platform. Here is some advice to help you make the right choice!
 

 
     
 
 
     
 
     
 
 
     
 
 
     
 

Based on the British Virgin Islands, optionFair was founded in 2010, and is rapidly becoming one of the leading binary options brokers available. Operating in 12 different languages, the platform is entirely web based, which means that no software downloads are necessary in order to trade - you can do it from any computer. There is also a downloadable app for tablets and smartphones.

The optionFair Trading Platform

The website design of the trading platform is very clear and user-friendly. You immediately see the asset that you are trading, the choices available in the trade, the type of trade, and a real-time graph of the asset. You can change strategy with one click, and you can select from one of the 42 available assets with one click. The user interface is very clear, and the underlying software (provided by Tech Financials) makes for very quick trades and clear reporting.

Assets and Strategies

More than the normal industry standard of 42 assets, optionFair has 63 assets available for trading. These are selected to be the assets that provide the best returns. All trades have a Roll-over feature, and an early exit feature.

  • Commodities - silver, gold and oil
  • Indices - 13 indices from around the world
  • Currencies - 18 currency pairs
  • Stocks - 26 stocks from around the world

All of these assets can be traded in one of three strategies. As is true of an industry leader, option Fair was the first platform to offer these three opportunities for profit:

  • High/Low - a simple strategy where you make a pick whether the asset will close higher than your chosen strike price, or lower.
  • One Touch - decide whether you think the market will or will not touch the target price.
  • Boundary - decide whether you think the market will close in or out of the range formed by the upper and lower target prices.

Returns

All trades are commission free. Typical returns for trades range from 70% up to 89% (for platinum traders) for trades that finish in-the-money, with returns of 0-15% for out-of-the-money trades. Other brokers often appear to offer higher returns, but in reality they only do so on assets that are extremely unlikely to finish ITM.

Deposits and Withdrawals

optionFair offers good bonuses for first time deposits. There is a bonus of 10% applied to deposits of $250-499, 20% for deposits of $500-999, and 30% for deposits over $1000. One free withdrawal from your account is allowed per month, and additional withdrawals incur a $30 charge. Wire transfers incur bank charges which are shared by you and the optionFair.

Education and Technical Analysis

optionFair has a thorough glossary, and a good write-up on trading basics, but no tutorials on trading strategy. They do provide a very thorough Daily Market Analysis, and access to up-to-the-minute news reports and graphs of historical data. The user interface does have a clear graphical representation of the price movement of every asset, but it has no technical analysis capability. You should have your own technical analysis software or platform if you want to trade well. Binary options trading is most successful when you combine technical analysis with careful news surveys, as most movements are news driven. The company is currently working on providing more training support for traders, as they recognise that they do not benefit from failed traders.

Customer Support and Regulatory Control

Support is provided in 12 languages, and there is a live chat feature on the website. Although the company is based in the British Virgin Islands, the operations centre is in Cyprus, and so the company is subject to CySEC regulatory control. This is an important feature of the company, because it means that you do have rights as a customer, and this is not some gambling firm or ponzi scheme.

Conclusion

optionFair is one of the highest rated binary options trading platforms that is under regulatory control. It has the highest mix of asset classes, and trading instruments, and provides returns compatible with others in the market, while simultaneously providing fair rates of winning trades.

Promotion: optionFair are offering a promotion to new users of 5 risk free trades, so that you can test the system and the platform for yourself.

 

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