OptionFair is a licensed and established binary options broker. OptionFair is owned by B.O. TradeFinancials located at 1st Floor, Kyriakos Tower, Kosta Hadjikakou 1 4107 Agios Athanasios, Limassol, Cyprus.
The can be reached from the United Kingdom at +44 203 514 7067 and from Spain at +34 911 983 634. Their email address is [email protected].
Trading Platform Review
OptionFair uses the powerful Tech Financials binary options trading platform. (Like 24Option & VantageFX). Their trading platform offers High Low options, One Touch, Boundary Options and Speed Trading in 60, 120, 180, and 300 second options. They also offer Forex CFD trading on their platform, see here.
Minimum trade size is $10, and the max trade size is $15,000. Their minimum deposit requirement is now only $250.
The OptionFair trading platform is translated and localized into the following languages; English, Español, Dutch, German, Français, العربية, Magyar, Italiano, Română, and Русский. They are a popular broker in Eastern European countries like Hungary, Poland, Lithuania and Russia.
We asked OptionFair what makes them unique and why traders choose them over the competing brokers.
They replied; “It has to be our friendly customer service department. We treat our clients really good!”.
OptionFair holds a monthly trading tournament for their clients. The tournament offers many levels of prizes, but traders can read the details here and see which prizes are worthwhile. Some prizes consist of a bonus, which is not an actual cash prize, see here. Bonus money can not be withdrawn unless minimum trading requirements are met.
Trading Robot & Signals
OptionFair gives their traders with a Silver Account (Min Deposit $500) free trading signals. The signals are emailed 4 times a day. There are many types of trading signals and auto trading robots for binary option traders. Read more here about trading signals.
Warning! There are many trading robots you can use with OptionFair. Most robots are really bad quality, see this article.
The popular Option Robot is the only one that you should use, see it here.
When we review binary options brokers to determine if they are a legitimate brokerage firm, or just another online scam. We look to see if a regulator like the CySEC in Cyprus gave them a license. We also look to see if they are included in the MIFId regulatory rules in the European Union (EU)?
It is easy to see why they have become such a popular and longstanding binary options broker. Most importantly is the fact that they are licensed by CySEC (Cyprus Securities and Exchange Commission) They received their license # 216/13 in September of 2013.
On March 16th, 2015 OptionFair which is a part of TechFinancial had an IPO on the London Stock Exchange. They are now the 1st public traded binary options broker.
Since OptionFair is a CySEC licensed and regulated binary options broker, that makes them a legitimate broker. They do not accept clients from the United States.
24Option (read review) is another European licensed broker using the same trading platform as OptionFair. Their monthly competition has huge prizes see here, and they now offer 100% bonuses, see here.
ETX Capital (read review) is licensed in the United Kingdom by the FCA. Their traders are given free access to BlueSky Signals, see here. Minimum deposit is only $100 which makes them quite popular, read more.