OptionFair | Experience-based Review 2015

OptionFair Review 2015

OptionFair Review

OptionFair Review

OptionFair has indeed been one of the oldest and reputable binary options brokers in the world. It operates on the high end TechFinancials platform which is among the most reputed in the market. They are situated in the republic of Cyprus and hold the license of Cyprus Securities and Exchange Commission (CYSEC) License Number 216/13.  Their license is valid with all the states of the European Union which are members. There is a wide range of global assets on which OptionFair offers the traders a chance to place their trades. We can say that their trading process is quite fast and smooth overall.

OptionFair Review 2015 | Trading Platform and Tools

As we already know, OptionFair works on the TechFinancials platform which can easily be called one of the most advanced platforms among brokers. It has been used for the longest time and has a good reputation for stability. It is therefore highly competitive to the other platforms in the market used by the other traders.

Years of tried and tested platform and good tools are what make the broker stable. Easy accessibility is also one of the most sought after factors. To access OptionFair platform you don’t need to install any additional software. All the necessary tools are available on the platform of the broker.  English is the default language of the platform, but there are also other languages such as German available. But one should keep in mind that some languages do not have a full translation, German being one of them. However, text items in German are not yet available. This is why at present only the menus can be seen in German.

One can easily open OptionFair website through their smartphones and tablets – without having to install any app. This is because the site itself is integrated to work on Android and iPhone devices with ease. With that being said, they do have an app for on-the-go trading.

OptionFair Mobile Trading Platform

OptionFair Mobile Trading Platform

OptionFair Review 2015 | Account types

The broker allows several choices for the account type you want to hold. The account types range from Standard, Silver, Gold, Platinum and VIP. It depends upon the amount of your initial deposit.

  • Standard: This is for the first time deposits which are at least 300 USD. Bonus of 20% is given to the trader who holds this type of account.
  • Silver: This is available for initial deposits of 500 USD and more. 40% bonus is available here.
  • Gold: This is for those account holders whose deposit ranges from 2,000 USD to 14,999 USD. The trader is eligible for a 60% bonus.
  • Platinum: If your initial deposit is between 15,000 USD to 49,999 USD you will get all the privileges of the Platinum trader. This includes up to 80% bonus.
  • VIP: For all initial deposits of 50,000 USD or more with a 100% bonus offer.

Apart from this, by choosing the Gold account type you also get four free signals. No matter how small your initial deposit, you will be eligible for a bonus. One can open an account with a minimum deposit of 300 USD itself; then they will be placed in the standard category. This type of account is mostly recommended for the beginners.

OptionFair Account Types

OptionFair Account Types

OptionFair Review 2015 | Customer Service

OptionFair is a top choice broker and it has a very prompt and spot on customer service. First of all, they support multiple languages. So even if you are not from an English speaking nation, you can communicate with them with ease, and secondly, they can be contacted via all the standard features, such as, their email, live chat session and telephone. The staff is pretty well versed with the terms and the problems of the traders and therefore provides sound solutions.

Besides customer support, there are also many educational facilities which a trader will get at OptionFair. This broker has put in a lot of thought in favor of the traders and opened a free online education center. This learning suite will provide you with strategies, market master video tutorials, and there is also a chance of you getting a free webinar. Also, you get to access financial archives and financial reports.

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OptionFair Review 2015 | Deposits and Withdrawals

Depositing and withdrawing funds in OptionFair are fairly easy. This site will accept all the major credit cards and debit cards and will also allow you to enable deposit via bank transfers and wire transfer. Then apart from these, there are dozens of other methods via which you can deposit and withdraw your funds in OptionFair. The minimum deposit is fixed at 250 USD.

The best part of withdrawal is that it is free each month. You will get the first withdrawal every month for free at OptionFair. This is more than what the other platforms give. Any additional withdrawals attract a fee of 30 USD. The withdrawals are usually processed within 5 business days – so it is even faster than many other brokers in terms of delivery.

OptionFair Deposit

OptionFair Deposit

OptionFair Review 2015 | Promotions and Bonuses

One can always benefit most from the promotions and the bonuses offered by these brokers. Therefore, checking out this scope is a must. In case of OptionFair, they provide excellent bonuses and there are weekly tournaments carried out which could win you prize money of 25,000 USD. This means on an average, each month, you stand a chance a chance of winning 100,000 USD on OptionFair. In fact, this tournament has guaranteed 15 winners every week and it is not manually set, it is fully automated. So you have the chance of winning multiple times every month. The system chooses the traders automatically.

Thus, the main promotions each month, offers the traders, all sorts of generous gifts, and bonuses at its best. If you are a new trader, you automatically qualify for a package filled with latest tools, cash bonuses and strategies.

OptionFair Review 2015 | Final review

OptionFair is an excellent binary options broker. It is well ahead of many other brokers on certain aspects. Its bonuses and promotions are at par with the industry’s best. With it being regulated by CySEC, traders are fully secure in all transactions and their customer support is also very prompt.

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Author's overall rating:
Author: Ben Prescott
Updated:

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