OptionsFair
This review of OptionFair will discuss the Binary Options brand in detail, the site and what is offered as well as a rating. OptionFair’s parent company, Mika Holdings Inc, also boasts ownership of the renowned Tech Financials , a well-established Binary Option trading platform provider. This company operates out of the financial district of Limassol, Cyprus.
OptionFair Payouts and ROIs (Return on Investments)
Returns on trades on OptionFair usually range from 65% to 85% for the common options offered, which are relatively high compared to many other providers. However, one very exciting feature is the 60 second option which offers an exclusive payout of 70%.
OptionFair Bonuses and Promotions
There are frequent bonuses offered by OptionFair, and one such is the welcome deposit bonuses for first-time users. OptionFair also sends out weekly offers to traders that vary depending on the current marketing and financial news. VIP traders are given additional bonus offers from their account managers in addition to the regular bonuses.
Other bonuses and promotions include holiday and seasonal promotions, such as OptionFair’s Holiday Raffle in December 2012, where a new car (Hyundai i10) was raffled in addition to many secondary prizes. As OptionFair caters to many different countries, there are several holiday promotions offered that cater to different regions and countries.
There are also two special promotions on OptionFair that are permanently available for traders to take advantage of. The first is their ‘Refer a Friend’ promo that gifts $50 to any OptionFair trader who refers their friends to OptionFair. As traders are able to invite up to 5 friends, there is a $250 gift potential. There is also a special Demo Account promotion which allows new Demo Account users to be part of a very rare opportunity, to transfer their Demo Profits over to trading cash in a real account!
Asset Index and Expiry Times Offered by OptionFair
One of the most important focuses in OptionFair is their dedication towards ensuring that traders have a wide variety and profitable assets available the OptionFair platform. While new assets are frequently being added, the current assets offered include:
a) Currencies/Forex: EURUSD, GBPUSD, EURCHF, USDCAD, USDCHF, EURTRY, AUDUSD, EURCAD, CADJPY, EURNOK, USDNOK, USDJPY, GBPJPY, EURGBP, EURJPY.
b) Indices: CAC40 Futures, FTSE Futures, NASDQ100, DAX30 Futures, NIFTY-futures (Singapore), Hang Seng, Nikkei 225 and ASX-200, DJ30 (Dow Jones), IBEX-35 (Spain), S&P500 Futures.
c) Stocks: Facebook (FB), BP, Apple, Barclays, SONY, France Telecom, Sumitomo, Societe Generale, Google.
d) Commodities: Gold, silver, crude oil, coffee and corn.
OptionFair also offers a variety of expiry time choices and tools:
a) The 60 second trade has an obvious expiry of 60 seconds, as is its name, specifically for the High/Low contract.
b) The High Yield Options have up to one hour as expiry time.
c) The expiry for other trade types varies but start from 15 minutes to 2 hours and 15 minutes.
d) Option Fair also offers ‘rollovers’ for an additional fee.
Additional Tools and Offers Provided by OptionFair
Perhaps one of the most refreshing traits of OptionFair is that they genuinely are trying to give the best trading experience possible. They show this through offering educational tools such as a free eBook about trading Binary Options on the OptionFair website which is available as a PDF download. There are also webinars given in different languages which are free of charge. These are led by trading experts and are interactive so traders can ask questions directly to the expert!
There is also an Early Closure function which allows traders to take profits from their trades before they expire. This service attracts a little cost but is something that traders often find quite useful as a means of protecting profits prior to any adverse market events.
OptionFair Deposits and Withdrawals
Several methods exist to withdraw funds from the OptionFair platform. The withdrawal methods can also be used to fund accounts, and traders are expected to use the same method for deposits and withdrawals.
1) Traders who wish to use a credit card/debit card are allowed a minimum deposit of 200 (USD, EUR or GBP). The following cards are accepted: Visa, Visa Electron, Mastercard, Mastercard Debit, Diners Club, Maestro International, JCB, Carte Bleue, Dankort, CartaSi, Laser, Discover. A scanned copy of the front and back of the card must be submitted for verification purposes.
2) Minimum deposit with Ukash or CashU is 200 (USD, EUR or GBP). Funding is done by making contact withcustomercare@optionfair.com for directions.
3) The minimum deposit for bank wires is 500 (USD, EUR or GBP).
4) Minimum deposit for Western Union/Moneygram is 1500 (USD, EUR or GBP).
With as little as $25, traders can open a trade on OptionFair. Investments into a single trade cannot exceed 1000 (USD, EUR or GBP).
OptionFair’S Customer Support
The customer care centre on OptionFair is multi-lingual team catering to a broad range of customers, spanning the globe. Contacting the customer care centre is possible through one of three methods:
- Live chat
- Email: admin@OptionFair.com
- Phone: +357 25 503 232 (operations centre). For sales and support, there are several lines for provision of customer support in different languages.
OptionsFair Summary: 8.7/10
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