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OptionFair Broker Review 2023

  • Min. Deposit $100
  • Min. Invest $10
  • Return 91%

OptionFair is one of the long-lasting binary options brokers on a global market. This brokerage company is online since 2010 and owned by B.O.TradeFinancials.

To interested traders who are eager to learn all tips and tricks of binary options trading, OptionFair provides a modern and easy to handle trading platform. The entire platform is user-friendly and traders can search for different trading tools and instruments in order to potentially make a profit from this binary broker.

OptionFair’s platform offers an amazing list of 130 underlying assets to choose from, such as a wide range of currencies, commodities, stocks and indices.

For more details about this broker and how to trade successfully, read further in the OptionFair review and gather valuable information.

OptionFair Special Trading Features

As one of the first elements we learned in OptionFair review is that required minimum deposit to start trading is $100. This deposit amount seems very attractive for traders around the globe because it is much lower that binary industry average.

On OptionFair platform, traders can choose between several different currencies, such as USD, EUR, GBP, RUB, and HUF. Maximum deposit with OptionFair broker is $150. Also, minimum investment amount per trade is $10.

Interested traders would be glad to learn how this binary broker is regulated by the Cyprus Securities and Exchange Commission (license number 216/13).

For this OptionFair review, we were in a search to know is there a demo account. Support agent informed us how the demo is available, however, traders first need to register and make a deposit. Afterward, they can directly communicate with the account manager and get more details about demo version of the trading platform and how to benefit from one.

In binary industry, a demo account is a strong and powerful trading feature which enables inexperienced traders to gain more trading knowledge and increase their chances of winning in this binary trading process.

On the demo, traders don’t have to worry will they lose any funds since they are able to place trades with virtual and not real funds. Therefore, they can only benefit from trading binaries on the demo and learn valuable elements of the binary trading process.

As the latest upgrade of their platform, we discovered by customer support agent that OptionFair now provides just one standard account for all interested traders in binary options. There are no more different trading accounts for traders to choose from.


OptionFair Trading Software

What we learned in OptionFair review is that they operate on TechFinancials software. The interface is user-friendly which is especially significant for all traders around the worldwide, regardless if they are professionals or beginner traders.

Available trade options we found by reviewing this broker are followed: High/Low, Touch/No Touch, 60 Seconds and Boundary Options. For the binary trading process to be properly executed, traders need to choose between several times of expiry, such as 60 s, 15 min, 30 min, 1 hr and over 24 hours.

A very popular trading features which traders can encounter on OptionFair platform is an opportunity for them to choose between a web-based and mobile version of the trading platform. According to OptionFair review, mobile app works well on both operating systems; iOS and Android and can be easily downloaded from App Store and Google Play.

On the mobile application, traders who are busy all the time have an exceptional opportunity to trade binaries when they are on the go. Mobile display is simple and beginners shouldn’t experience any inconvenience when navigating over the mobile platform.

We find it important to note how  OptionFair broker offers a lot of education opportunities for interested traders across the world. These educational segments cover following: FAQ, Trade Binary Options, What are Binary Options?, Traders Basics and Glossary.

FAQ is especially detailed and consists of much useful information, which might help traders from early beginning and how to register, what are the requirements and much more.

Under Trader’s Center, traders can get more type of information regarding banking, asset index (list of underlying assets), trading questions and mobile trading.

OptionFair Support Information

So far, we noticed in the OptionFair review how provided trading platform is available in English, French, German, Russian and Hungarian.

Under Contact Us tab, traders can get detailed information about how to contact this broker and what are the best options to achieve needed info. Traders can reach OptionFair broker via email [email protected], live chat and phone numbers on following languages (English, French, Italian, German, Hungarian and Russian).

We have to mention how we tried out live chat and had a positive opinion on it.

First, we had to choose available language and once selected, agent joined us shortly. Lady was very helpful and polite where she provided us with needed information regarding how to register, are there different trading accounts and does OptionFair offers a demo account.


OptionFair Banking Information

As one of the first elements, when traders want to join this platform, is to register and provide few documents for account verification. They include photocopy of ID card, proof of address and credit card copy with visible first and last four digits.

Traders should know how OptionFair uses SSL encrypting technology which protects their data which won’t be shared with a third party. Under Legal and Company Policy, traders can find a thorough information about the safety of the trading platform, such as T & C, privacy policy, complaints, investor compensation fund etc.

Regarding how to deposit, in this part of the OptionFair review, we will list accepted deposit methods by this broker:

  • Credit and debit cards – Visa, Visa Electron, Maestro and Mastercard
  • Bank wire transfer
  • E-wallets: MoneyGram, Skrill, Western Union, CashU, QIWI, Neteller, Abaqoos and iDeal

As mentioned in the beginning of the OptionFair review, the minimum deposit is $100. For card payment and e-wallets, the required deposit amount is $100, while for wire transfer is $500 and for MoneyGram and Western Union it is $1000.

Concerning withdrawals, there is no minimum withdrawal on the OptionFair platform. This broker allows traders to have one free withdrawal per month, whereas each additional will be charged $30 in the same time frame.

To make a withdrawal, traders need to login first and submit a withdrawal process which will most likely to be processed the same or the very next day.

OptionFair - Review Conclusion