At first look I guess you would say that Optionfair look pretty much like any of the other brokers that are out there. They are there to provide a service and basically operate like a bank, you deposit your money with them at no cost and then you have an account with them to trade with. Thats how all the brokers operate. Then when you wish to terminate your account they give you whatever money with or without profit back to you.
Well firstly Optionfair let you setup your account for a minimum of $200 which is slightly less than the average so they will attract traders who are slightly sceptical about setting up or traders who have less cash to invest. We would recommend depositing more than the minimum if you can afford it but it is entirely upto you. They also have a very simple to use trading platform which will also encourage new traders to join up with OptionFair. They also have a facility that we havent come across in the past and this is called “range trading” This is when you can place a trade within a certain period of time and set the boundaries so for example if gold hits a certain price within an hour time frame then your trade is successful and money will land in your account. If gold doesn´t hit the required amount then you would lose the trade.
Another wonderful feature about OptionFair have is the fact that it allows any open market position to be closed prior to the predetermined expiry time. Under the “My Open Trades” section of the trading window, traders can simply click on any of the open positions and then click the “Close” button to close that particular position before its expiry time.
For those are interested in super fast trading, OptionFair.com also offer the “60 Seconds” trading feature. This feature is becoming more and more popular among traders of binary options as it’s fast and exciting especially for newer traders. With this feature traders only have to wait for a minute to find whether their options will expire in the money or out of the money, however we do not recommend this as it is just like throwing a dice or spinning the wheel on a roulette table but that is totally upto the individual. The best way to be successful in binary options is to keep an eye on the markets and also we will keep you updated on a daily basis regarding what we consider best to trade on a daily basis.
OptionFair offer upto an 85% payout which isn´t the highest but they also have a system in place where if you are unfortunate to lose trades they will give you between 10% and 15% of your stake back which is certainly a nice little touch. They also operate in a vast number of languages and have various bonuses when opening an account depending on how much you deposit initially.
So all in all Optionfair certainly seem to be a main contender when it comes to the amount of different opportunities that they offer whether it be the number of assets that you can trade on or the different amount of trades that you can make.
They are certainly worth checking out and maybe having a go at their demo account. They were certainly very helpful in telling us everything they offer.
you can check out there site here. www.optionfair.com
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