Good educational programs
EU regulated broker
Multi-lingual customer support
Do not allow US traders
No demo accounts
Optionfair is a modern company, which provides its customers with a convenient platform from Tech Financials for trading in binary options. Their main goal is to provide people of any knowledge level about the process of trading in options with the ability to conduct safe and reliable trading and earn profit by investing in a variety of assets. And we think all this has been achieved thanks to a first-class team of professionals who do everything for the convenience of its customers. It is no coincidence that Optionfair have received a registered license from CySec, which is recognized by all countries within the European Union.
Ease of Use
Before we invested in any assets using this platform, we used the services of a demo account to get acquainted with the distinctive peculiarities of Optionfair. It is fair to say that it is a very useful tool for beginners or for enthusiasts to test new trading strategies.
Working with a demo account seemed to settle with us quite comfortably, so we put the minimum amount of $300 and became a standard account holder. Perhaps some newcomers might consider that such a deposit is quite high, but we think that really in the world on trader investing it is not so bad, plus the convenient platform is well worth the investment. Working through Optionfair will allow you to quickly learn all the basics of binary options trading.
A minimum of distractions on the site allows the trader to concentrate on his actions without being distracted with useless information of advertisements. One small drawback was a problem with retardation of the platform which has not been fixed. On the plus side however it is worth noting the extensive opportunities to deposit / withdraw funds open through this platform making it not just convenient but practical.
What we definitely liked is that Optionfair provides unique opportunities for traders to receive up to 85% payments for successful transactions along with the very attractive possibility of making express deals for 60 and 30 second turnarounds.
The opportunity to trade for half a minute appeared recently, around about the middle of 2015. At the same time Optionfair provided its customers an opportunity to make a deal with as little as $10, a rate that works very well for Short Term high risk trades. Limited duration options are a great way to test strategies while not risking your entire portfolio. It allowed us to limit our risks more that once, as well as to get a quick profits.
So as you can clearly see the broker not only offers excellent conditions for trading, but it also regularly updates its services taking into account the wishes and requirements of its clients. In addition, you can count on the guaranteed fairness and transparency of the company.
Optionfair Trading Platform
Even after just the first few minutes of work with the platform it showed us that it is quite easy and intuitive to use and understandable even for beginners. The interface of the platform is not only pleasing to the eye but very functional as well. Subsequent use has shown that the platform offered by Optionfair is impressive because it allows the maximum number of instruments and assets, as well as advanced algorithms for pricing representations.
The most important information is presented on a single control panel that contains a list of assets and a graph highlighting the price for the current transaction, and also your personal trading history. All secondary elements are located in separate tabs which help you to concentrate on the essentials i.e. the opening and closing of deals.
In addition, the mobile version of the broker offers the same level of service available on any device that has access to the Internet.
Our audit of the support service included several steps. First we called them via the phone number indicated on the site and asked as many awkward questions as we could. To speak to the operator, we used English, but we were aware that the support is also available in Spanish, Italian, French, Polish, Arabic and Russian languages. The answers we received from the operator were quiet comprehensive, he showed himself to be a consummate professional, despite some pretty stupid refinements that we made to our line of questioning during our chat.
The second phase of testing was dialogue via the online chat. Here we used the services of online translators and summoned our best Spanish. It was quite successful. We think so, because we fully understood the answer. The third stage was very simple, communication by e-mail. In our opinion, the answers could come a little quicker, but at least we got it. In general, the work of the customer service team is pretty good and regardless of response times the quality of the answers to our queries was always top notch.
Among the advantages worth noting that we have found while working on the Optionfair platform was the large number of assets, the wide range of regularly updated competitions, operational support and a simple system for the withdrawal of funds. So, if you are an experienced trader or have done some trading using Forex, then Optionfair is an excellent choice for you.