OptionFair Official Website
www.optionfair.com
Another 30 days …. another $250…. its time for another one of our binary option trusted reviews. As with all our binary options broker reviews, as im sure you are starting to notice, this is the starting point for our OptionFair review. The goal of carrying out this OptionFair review is to give you, the new trader, our thoughts and opinions into OptionFair as a trading platform and how they deal with you before, during and after.
Throughout our journey we will endeavor to find out any pros and cons relating to the platform and how certain areas can, if needed, be improved. Our OptionFair review trader will dig out the dirt any try and uncover any potential OptionFair scams or OptionFair complaints. Below is a list of what we feel are the important points that need highlighting for potential OptionFair traders. Our OptionFair Review Trader has full access and total control over activities.
OptionFair operating out of Cyprus and headquartered in the British Virgin Islands has been a part of the binary option industry since 2010. Binary Option has as a whole have been around since 2008 when it was first regulated as a financial instrument by the US Securities and Exchange Commission.
If you interested in the history of binary option industry read our article here. They seem to be a very forward thinking company constantly trying to stay on a par with their competitors regarding design and user features i.e. live chat and smartphone and tablet applications.
When reading the “about us” section OptionFair promote themselves as a global company with offices worldwide, owned and managed by professional seasoned financially experts. They also promote the “OptionFair vision” which states their platform and user friendly ethos means that both experienced option traders and individuals with even a basic knowledge of binary options trading can be safe in the fact that OptionFair.com offers a safe and secure platform with well managed possible liabilities and exposures are backed up with guaranteed payouts of any profits gained. We are very much looking forward to digging deep to see if these statements are true
OptionFair’s Accessibility and User Friendliness Review Score 8.5 / 10
OptionFair has a fairly basic and standard issue layout and general feel to its trading interface. Straight away you are comfortable and certainly any new traders or someone with little experience would feel safe and undaunted. The colour schemes are basic and easy on the eye with very little in the way of flashing images which detract away from what your hunting for.
Requiring no downloading and entirely browser based, once registered you are ready to go ! On the home page there is a “fun” little icon where you can type in the price of how much you want to trade and simply choose high / low. From there the market trend whizzes along always landing on a win for you. Means nothing but im sure psychologically helps with showing that anyone can get involved.
Within the trade section there are 3 option classes for you, high/low, one touch and boundary. There is a very small section to the right hand side that gives a couple of sentence description for anyone who is very new to binary options. Once you have decided which particular option class to choose it is purely a matter of what asset to trade, of which there are 64.
Once your decision has been made on which asset to trade the simplistic theme continues through by showing the current price, the percentage payout and the movement of that asset over the last 15 minutes. All in all extremely user friendly and straightforward to carry out a trade. Our OptionFair review traders only criticism is that this basic feel may put off the more experienced traders who may be looking for something with a little more of a corporate feel.
OptionFair’s Trading Platform and Features Review Score 9.5 / 10
This is where the magic happens! As with the whole reason why people are flocking to the hype of binary options its the speed and gain of the profits that keep people coming back. As mentioned earlier, OptionFair offers high/low, one touch and boundary.
The maximum profits on offer were between 70%-81%. There is no feature to change these parameters on the OptionFair platform where as some binary options brokers allow you to tailor the profit and risk to suit your predictions. This again confirms the fact that OptionFair is very much suited towards the less experienced traders by continuing to guide you towards any decisions. Not only is OptionFair a very user friendly platform but it is also very responsive and doesn’t seem to strain when moving rapidly though the site. This should hopefully reward the trader with good returns and successful trading history.
OptionFair’s Trading Instruments Review Score 9.5 / 10
There is a very good variety of instruments available through OptionFair. This is always a very good port of call when deciding which platform to partner with and start engaging in any trades. A successful trader will never make consistent money from the same trades so having a wide option is always good, the more assets on offer the better.
OptionFair at the time of this review being carried out were offering 64 assets. This is an excellent quantity to have on offer and certainly something that our trading reviewer would salute them on. Many of global company stocks are on offer here including Google, JP Morgan Chase, Apple, Facebook and Nike to name but a few.
As with the company stocks there are also the worldwide currency conversations which are available on the markets. As mentioned earlier the vast quantity of assets on offer coupled together with the general easy of use platform makes for a very attractive interface with which to build trading experience, strategies and therefore increased profits.
OptionFair’s Payouts / Returns and Deposits / Withdrawal
Previously we briefly mentioned the percentage payouts on offer being between 70% – 81%. This seems to follow the general ease of use theme that runs through the company and platform. Where as other platforms offer the chance to increase the risk and therefore increase the percentage of payouts, OptionsFairr do not offer this service and stick to the basics.
This is not a critical point or necessarily something that needs to be changed but I'm sure once they really get their feet into the market this may be a feature that could change. The task of withdrawing any profits is sometimes a soar subject for users. Some binary options brokers have experienced complaints and at time allegations of a possible scam with the time it takes for money to be returned to the trader. There are reports of horror stories regarding a lack of communication and therefore a delay in the release of funds from accounts.
Thankfully though OptionFair were very responsive when our reviewer drew closer to the 30 day cut off point. All that was required was to go through the account section, submit a request to withdraw an amount and await approval. Thankfully the move from process to pending and approved took no more than 24 hours and then the money was into the reviewers account within 24 hours of approval.
OptionFair’s Customer Services Review Score 9.5/10
As mentioned within the payouts section of this OptionFair review the way in which the clients account was managed was one of the best seen recently. The speed and personal handling (even if you can call emails personal) of the account was the main reason with which the reviewer has branded optionfair with an excellent level of customer service.
Not only throughout the 30 days of the review were the phones maned at various times of the day 7 days a week but also the online chat feature was generally monitored by a competent member of staff who very rarely crumbled when quizzed about particular questions.
If on the odd occasion the more technical member of the team was not within the office, an email with the answers was usually not far behind. For a website which is not viewed as a market leader this type of action is a perfect example of a team looking to forge a firm position within the industry.
Conclusion
As the name says OptionFair certainly seem to be very fair in conducting business. It is a solid performer across all areas of our extensive review and we found everything inline and professional. OptionFair are promoting that they’re a reliable and transparent operation and have developed a simple and easy to understand trading simulator on the homepage, which supports beginner traders attempt to understand binary options trading.
This broker will continue to grow so long as it keeps up with this ultra competitive market. If you have conducted your own OptionFair review or have any scam or complaints to shout about please leave our OptionFair review trader a message below so it can benefit other potential traders.
No comments:
Post a Comment