optionFair™ has developed a series of advanced pricing algorithms providing the technology to power an unparalleled range of financial instruments. The optionFair™ platform makes trading simple however with an easy to understand user interface, online help facilities and a support assurance from a team of dedicated professionals.
optionFair™ is the only trading platform that allows customers to choose either or both sides of a single purchase price on all instruments. This ensures guaranteed fairness of pricing irrespective of the way the market is moving with no spread or commission on purchase.
The optionFair™ platform has been designed to conform to the following core values:
User experience: on opening the OptionFair trading platform, the user is confronted with a user-friendly and well-designed website. The usability of the platform can be judged from the features by which one can distinguish between various trading platforms.
Users are especially attracted to the well-designed and friendly website. The completely web-based program is quite inviting with large fonts and enlarged buttons to execute the order.
Variety of assets: besides the standard binary options that are provided on various trading platforms, the OptionFair platform provides two additional option types. One of these is the One Touch option in which the trader has to select whether the chosen asset would reach a certain target price or not. By choosing the up arrow, the trader can choose that the target price would be reached and with the down arrow, the trader selects that the target price would not be reached.
The second additional option provided by the OptionFair platform is the Boundary option. In this option, a trader selects whether the price of the chosen asset would be within the range or out of the range. For an in-the-range option, the trader presses the In button, whereas for an out-of-range option, the trader has to select the Out button.
Expiry periods: the OptionFair platform offers expiry periods that can be hourly, daily and weekly. Only optionFair™ allows customers the freedom to close out trades prior to scheduled expiry whether the trade is currently profitable or not.
Payout percentage: the payout percentage is somewhat similar to other platforms which is somewhere between 68% – 85% for a successful trade. Although in theory, an out-of-money, option does not attract any return, the platform offers a 5% – 10% return.
Languages: English, Arabic, Spanish, Italian, Romanian, and French Languages available.
Minimum deposit: there is no requirement of any minimum deposit when registering with the OptionFair platform.
Payment methods: the withdrawal method of OptionFair is slightly on the haggard side since there is no Paypal to withdraw funds.OptionFair provides you with one withdrawal per month that is exempt from commission fees.
Customer support: the customer support provided by the OptionFair platform is comparatively strong as there are numerous phone numbers, email and even live chat offered to clients to put in their queries. The dedicated customer support team is extremely helpful.
Bonuses: Up to 30% Bonus on First Deposit! 10% BONUS on first time deposit up to $199 (or equivalent in local currency), 20% BONUS on first time deposit between $200-$499 (or equivalent in local currency), 30% BONUS on first time deposit between $500-$1000 (or equivalent in local currency). The bonus amount will be added by the optionFair platform to the trading account. This Bonus offer is one time only for each registered user.
Extra features: the website of OptionFair is well designed with drop down menus that provide an intuitive platform for the traders. The platform also provides the traders the opportunity to witness the open trade and the graph depicting the current trade status.
The ease of use of the site is a feature that goes in favor of the OptionFair platform. Additionally it provides a FAQ section that is informative and provides answers to quite many questions that a new trader might have before indulging in trade. Overall, a well designed platform, there is still room for improvement for OptionFair.