Is OptionFair a Scam?

Is OptionFair a Scam?There are a lot of options to choose from when it comes to finding a binary options broker to trade with online; that is why they do not last long if they do not do things the right way and investors feel that their money was just taken from them. Unfortunately there are websites like that out there, but OptionFair is very different because they are regulated and have an outstanding reputation as far as being fair and legitimate is concerned.

Longevity is one of the traits that define the integrity of an online binary options broker and OptionFair has been around for 5 years now. It is a site that has been favorably reviewed many times over since its inception in 2010. As we mentioned above, with all the competition binary options trading websites do not survive long unless they have a good reputation and follow their business practices with integrity; any website that doesn’t do this will find themselves out of business in no time at all. OptionFair is very aware of this and they constantly strive to provide their many investors with a fair and enjoyable trading experience. OptionFair firmly believes there is no place in the industry for those websites that operate under less than honorable conditions.

When we review a broker on this site their reputation in the industry is one of the things that we take a very close look at; we simply will not recommend any binary options broker that has a history of shady practices. OptionFair has demonstrated to us time and time again that they operate a website that is virtually complaint free and closely monitored to make sure they are as fair with their traders as possible. It is one of the reasons why OptionFair is consistently near the top out of the many broker reviews that we do each year. They really have shown a dedication to their many traders over a long period of time now.

They are also a broker that depends highly on their CySEC certification and they also comply with other regulations that enable them to get traders from the lucrative European market. No broker in their right mind would ever risk endangering their status in that market. That is one of the main factors why OptionFair consistently demonstrates to its many traders that they are a legitimate, fair and transparent binary options trading site. Anyone who has traded with them for a while has come to expect and know this well.

Anyone who has ever traded with them knows that they operate with high morale business practices and are in no way a scam; this cannot be said about every binary options broker. Although no site is totally free form the rumors that sometimes come from being in the industry, rest assured that a site like OptionFair does all it can to distance itself greatly from this type of reputation. It is a site that has not only stood the test of time, but continues to satisfy those who regulate and even more importantly those that trade on it.

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References and Further Reading:

1. Contagion: How it spreads and how it can be stopped (R Dornbusch, YC Park, S Claessens – 2000)

2. Macroeconomic adjustment to capital inflows: lessons from recent Latin American and East Asian experience
(V Corbo, L Hernandez – 1996)

3. Exchange rate forecasting, order flow and macroeconomic information (D Rime, L Sarno, E Sojli – 2010)

4. Correlations in price changes and volatility across international stock markets (Y Hamao, RW Masulis, V Ng – 1990)

5. Indexes of the foriegn exchange value of the dollar (M Loretan – 2005)

7 Binary Options review: OptionFair: 4,5 stars.
John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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