You cannot always judge the quality of a binary options broker by the obvious, such is the case with the OptionFair website. Although they do offer some general bonuses, the site is much better known for the other things that it offers and a potential investor needs to take a closer look at these before they simply dismiss the idea of trading on the site.
The site has a lot of features that it offers those that trade on it. As we mentioned, they have a generous signup bonus and other types of bonuses too. The signup bonus amount will be a percentage of the initial amount of money that the investor deposits in their account; the higher the amount, the higher the signup bonus.
Other features on the website worth mentioning are the multilingual customer support, the user friendly trading platform, the excellent learning tools and the ability for traders to reduce risk through analysis.
All these features combine to make OptionFair a real good broker to trade with. The site is regulated and follows the brokerage rules of the highly respected CySEC regulating body. It is closely monitored to comply with EU trading regulations too. They do not cater to USA based traders, but they are available to be traded almost anyplace else in the world.OptionFair runs its website with transparency and integrity and the regulating bodies that monitor the site take that one even one step further.
The minimum account deposit that OptionFair accepts is a low $250 which allows for even small investors to try their hand at binary options trading. Bonuses range anywhere from 20% to 100% depending on the amount that the customer deposits into their account initially; the max bonus is $5000, which although generous, it must be noted that it is among the lowest in the industry. As we stated before, don’t let the bonus fool you and a potential investor must take a deeper look at all OptionFair has to offer to fully appreciate what the broker can do for them.
There are several different account levels on OptionFair:
- The most basic entry level account is the Standard account which requires a deposit of $250 – $499 and gets the user a 50% sign up bonus.
- Those investors that deposit between $500 – $999 will be assigned to the Gold account and receive a 70% signup bonus.
- The next level up is the highest level Platinum account which requires a deposit of $1000 or more and receives a 100% signup bonus.
Bonuses aside, the best thing that OptionFair does for those that trade on the website is providing them with free trading signals to help them be successful at trading binary options. They will save each investor hours of studying technical charts and they are highly reliable because they are generated by expert level financial analysts.
The signals and bonuses when combined with the easy to use trading platform on OptionFair will help make each investor’s trading experience a pleasant and profitable one.
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References and Further Reading:
1. Foreign Exchange Traders in Hong Kong, Tokyo, and Singapore (YW Cheung, CYP Wong – 1999)
2. Are capital controls effective in the 21st century? The recent experience of Colombia
(BJ Clements, H Kamil – 2009)
3. Nerdy money: Bitcoin, the private digital currency, and the case against its regulation (N Kaplanov – 2012)
4. Asymmetric effects of forex intervention using intraday data: evidence from Peru (E Lahura, M Vega – 2013)
5. Developing and assessing an intelligent forex rolling forecasting and trading decision support system for online e‐service (L Yu, S Wang, KK Lai – 2007)
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