Option Fair Broker Review and Details

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OptionFair Broker Review

Although OptionFair does not offer sign up bonuses, it does occasionally offer other trading benefits such as out of the money compensation and insured trades. Their software, backed by their sister company Techfinancials, is user friendly and innovative, while their knowledgeable customer service team are capable of answering a wide range of questions and resolve a broad spectrum of issues. They also offer a large range of options to choose from.

Review Overview

Bonuses – 50%
Software – 95%
Customer Support – 75%
Options Choice – 90%

Good Quality Broker

Summary : Trusted Broker


OptionFair is an online binary options broker which offers an innovative service. As a market leader, they allow their clients to follow financial market trends by offering trading in both binary options and Forex. They offer a service that is suited to both experienced and novice traders with a simple to use, fun and quick trading platform. OptionFair takes pride in their freedom of choice, fairness and transparency as well as a their withdrawal guarantee. Their innovative trading interface us backed by TechFinancials, their sister company, and offers a wide range of assets and instruments. They also boast a skilled team of finance professionals with years of experience in the financial markets.

Company Information

OptionFair is a licensed and regulated broker with CySEC for the client’s complete peace of mind. As such, they ensure that all financial transactions are well protected with strong encryption and that all client funds are kept in segregated accounts. Established in 2020, OptionFair is operated and owned by Tradefinancials Ltd, a Cyprus Investment Firm which is based in Cyprus.

Assets Available

OptionFair offers around 140 assets for traders to select from.

Their list of assets includes:

Bonuses & VIP Programs

Unlike many other brokers, OptionFair does not appear to offer sign up bonuses to attract new clients, however there do appear to be some trading benefits which may be offered by this broker to existing or new clients at their own discretion. Unusually, and as an added benefit, no withdrawal restrictions are imposed on any of these benefits. The benefits on offer include:

  • Insured Trades – this is a single time benefit which helps to lower the client’s risk
  • Out of the money compensation – this is another one time benefit which is occasionally awarded to clients to compensate them for trading losses.


As expected from most binary options brokers, OptionFair has recognised the need for clients to check their assets and to carry out their trades while they are on the go. They are aware that traders do not want to be tied to their laptop or PC and, with the knowledge that downloading and installing memory intensive software slows down transactions by causing problems with computer memory, OptionFair have therefore developed a trading interface which is entirely internet based. This enables trade executions to be carried out more swiftly from anywhere worldwide and at any hour of the night or day using a tablet, iPad or Android smartphone as long as it has a functional internet connection. OptionFair’s website is mobile optimised, however it also has a free mobile application which makes it even easier to trade from a mobile device. It is easy to download this mobile app from the Google Play Store, Apple Store or even from the broker’s website.

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Deposits and Withdrawals

OptionBit offers a wide variety of payment methods

  • Credit Card and Debit cards – Visa, MasterCard, Diners Club, Visa Electron, Visa Delta, Visa Co-Branded Cards, MasterCard Debit, JCB, Carte Bleue, Dankort, CartaSi, Lazer, Discover, and Maestro International.
  • Bank wire transfer
  • Western Union
  • Moneygram
  • Skrill
  • Neteller

The minimum deposit amount varies depending on the method used. Credit and debit cards require a $300 deposit (or equivalent), bank transfers require a $500 deposit, Moneygram and Western Union require a $1000 deposit and popular e-Wallets Skrill and Neteller require a $300 deposit. First time investors are restricted to a maximum initial deposit amount of $1500. The minimum trade amount for a single trade is $25 with a maximum single trade amount of $3000. Accounts can be opened in 5 different currencies including:

  • US Dollar
  • Euro
  • Pound Sterling
  • Hungarian Forint
  • Russian Rubles

Once you have chosen a base currency you are not permitted to switch to another one at a later date.

There is no minimum withdrawal amount and every client receives one free withdrawal monthly. Subsequent withdrawals are charged at $30. Withdrawal requests are processed rapidly, usually within 24 hours.

Customer Support

There are several methods through which clients can contact the OptionFair customer support centre. These include:

  • Email – there are 2 email addresses, one for the operations centre and one for support services
  • Telephone – there are 6 telephone helplines, one for the operations centre and 5 support helplines which are in 5 different languages: English, Russian, Hungarian, French and German
  • Live Chat
  • Fax

The website is available in five languages, English, Russian, Hungarian, French and German

Extra Features and Resources

OptionFair, unlike many other modern binary options brokers, do not have very many educational resources available for its clients which is a bit of a disappointment. Although there is an education centre for clients to access, there are no videos or tutorials to use. There are some articles which aim to address some of the basics surrounding binary options trading and there is also a useful Frequently Asked Questions section as well as a glossary of basic terms, however this is considerably less than is usually offered by some other brokers.


OptionFair has quite a lot to offer its potential clients, however it is also important to bear in mind that there are several negative points too.

  • Cutting edge trading software that is suitable for use by both experienced and novice traders
  • 100% online trading interface requiring no installations or downloads
  • Mobile trading apps for iPhone and Android
  • Choice of customer service contact methods including instant live chat
  • Multilingual website
  • Regulated and licensed by CySEC
  • Strong SSL encryption site wide
  • Choice of base account currencies
  • Fast withdrawal times
  • Trading benefits offered
  • Good choice of deposit and withdrawal options including e-Wallets
  • There appear to be no welcome bonuses
  • Very limited educational resources

Is OptionFair a regulated broker?

Unlike many other brokers, OptionFair is licensed and regulated for the client’s peace of mind. They are under the regulation of CySec and are compliant with all of the rules regarding safeguarding of client funds and trustworthiness.

How do I register with this broker?

OptionFair have made their registration process quick and simple. All clients needs to do is to complete and submit all the relevant personal information on their online registration form. In no time, you’ll be ready to deposit your first amount and start trading.

Which currencies can be used as a base account currency with OptionFair?

OptionFair accept accounts opened in one of five different currencies:

  • Euros
  • US Dollars
  • Pounds Sterling
  • Hungarian Forints
  • Russian Rubles

Your base currency is unable to be changed once you have made a final decision.

Is there a registration fee payable to OptionFair?

Clients do not need to pay any registration fee when they open a live trading account with this broker.

Which option types are available through OptionFair?

There are several option types available so that clients can enjoy the best possible variety of trading experience. The instrument types on offer include:

  • High/Low
  • Boundary
  • Touch/No Touch
  • 60 Second Trades

Is OptionFair a scam?

Potential clients can rest assured that if they choose to trade with OptionFair as their preferred broker, they will not be subject to any kind of scam. Their trading platform is backed by TechFinancials and is a very secure interface. All of their services are also reliable and they have strong Security and Privacy policies in place for the clients’ protection.

Will I need to install any software to my computer?

Traders are not required to install or download any trading software to their computer and can simply use any regular PC as long as it has a working internet connection. The OptionFair trading software is compatible with all main browsers including Internet Explorer, FireFox and Google Chrome. However Javascript has to be enabled in order to place a trade.

What are the benefits of choosing OptionFair?

OptionFair aims to educate, assist and train their clients to help them to make informed investment choices whilst also offering transparency and fairness. Offering freedom of choice for traders, this broker ensures that investors are able to close out their trade early and that all of their client funds are held in safe segregated accounts. With mobile trading available, a wide variety of banking methods and some interesting trading benefits available, OptionFair is an interesting choice of broker for both experience and novice clients.

Optionfair Review


OptionFair offers a highly regulated binary options product and has a reliable portfolio of services. As is the case with all established brokerages, there are a few drawbacks, but none of them contributes to being a deal breaker as far as investing and trading binary options with OptionFair is concerned.

Introduction To OptionFair Trading Review

Trading with a regulated and licensed binary options broker does have its premier advantages. Safety of funds is paramount to every investor, and there isn’t a single trader in the world that isn’t worried about the implications of investing their trading capital in a fraudulent company. Profits in binary options trading are not only dependent on a sound knowledge of the market practices and a profitable trading system, but it also depends on the reliability of the binary options broker.

OptionFair is an established binary options broker that has several advantages that are conducive to safe and reliable binary options trading. In the financial markets, OptionFair has earned a positive reputation that is garnered primarily through a reliable trading service. There are areas where OptionFair can improve its products to suit the requirements of modern traders better, but overall, OptionFair does stay true to its guarantees of providing an authentic service. Our comprehensive OptionFair broker review should be able to serve as an excellent guideline for traders and investors who wish to understand the benefits and drawbacks of OptionFair before investing.

OptionFair Company & Licensing Details

OptionFair is a regulated binary options broker and is one of the very few in the markets that are actually recognised by a credible regulatory agency. OptionFair has its official headquarters in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). OptionFair is regulated by the CySEC under its parent organisation, known as B.O. TradeFinancials. B.O.TradeFinancials has two branches operating in Cyprus, with its registered headquarters operating out of Nicosia and its operations centre operating out of Limassol.

According to the CySEC regulatory policies, OptionFair should satisfy minimum capital requirements and is expected to submit periodic audit reports to ensure financial transparency. All traders’ funds are kept in segregated accounts and are protected through the Investor Compensation Fund (ICF) that promises to reimburse traders up to €20,000 in the case of broker insolvency. Hence, OptionFair is indeed one of the more credible and genuine binary options brokerages that provide a robust trading environment that is devoid of any financial malpractices.

Tradable Assets At OptionFair

There is a choice of around 130 different financial instruments at OptionFair, which is considered to be at par with the standard list of assets provided by leading binary options brokers. Although OptionFair manages to offer a varied instrument list, there may be instances when established traders might require access to a diverse choice of options, especially when it comes to trading Pairs and futures. Nevertheless, traders can expect to cover some of the major financial markets by trading in instruments that range from FX currency pairs, commodities, indices, and stocks. Here is a list of all the underlying assets provided by the company:


Commodities: Brent Oil, Gold, Silver, Platinum, Gold/JPY, Gold/EUR, Gold/Silver

Indices: DOW Jones, S&P 500, Nasdaq 100, BOVESPA, CAC 40-Future, IBEX 35, MIB 40- Future, SMI- Future, DAX 30- Future, FTSE 100- Future, IBEX- Future, BUX, MICEX, RTS Index, Nifty- Future, ASX 200-Future, Hang Seng Future, Nikkei 225-Future, TOPIX500, Bombay- 30, TA-25, TADAWUL, DUBAI, Kuwait Index, Qatar Index, Oman Index, South Africa 40 – Future

Stocks: Vodafone, BP, Telefonica, Orange France, BNP Paribas, AXA, Societe General, FIAT, BBVA, Gazprom, Renault, Sberbank, Tesco, Royal Dutch Shell plc, Samsung Electronics, Barclays, OTP Bank, MOL PLC, NK Lukoil OAO, Richter, Enel, Azimut Holding, Telecom Italia, HSBC, Adidas, Volkswagen, Siemens, PAO Severstal, Norilsk Nickel PAO, Google, Apple, Coca Cola, JPMorgan Chase, McDonalds, Microsoft, Cisco, Intel, Amazon, Yahoo, EBay, Pfizer, IBM, NIKE, EXXON, Citigroup, Amex, Baidu, Facebook, Netflix, Priceline, Disney, Gold Corp, Silver Wheaton, Goldman Sachs, Twitter, Boeing, Tesla, Visa, MasterCard, Alibaba, Pepsi, Honda Motors, Ferrari, GoPro, PayPal, Herbalife, Sony, Sumitomo, Toyota, Tata Motors LTD, ICICI Bank, Samsung, Anz, BHP Billiton, Westpac Banking, Rio Tinto

We would have certainly preferred the broker to provide a few more stocks and commodities, and it would have been an excellent idea for the broker to have provided Pairs and other unique options. We really don’t feel that the number of financial assets to be lacking in any aspects, and the instruments on offer should be sufficient for most traders.

Fees Of Trading, Products, & ROI At OptionFair

We are not aware of any hidden fees of OptionFair trading, nor have we found out any other costs that are related to maintaining an account at OptionFair. OptionFair is a regulated company, and it is expected to adhere to the policies and regulations set by the CySEC. Therefore, we are almost guaranteed that OptionFair does not charge any unnecessary costs to make up for any revenue loss or for improving their bottom line.

The broker enables trading of all of its underlying instruments through four different binary options products. Traders can choose the most popular High/Low options, or choose Short-Term, One Touch, and Boundary options. The High/Low binary options trades offer a maximum payout of 85% for certain instruments, which may be lowered down to 70% for several assets. Therefore the average payouts are higher than the average payouts that are offered in the market, and the highest payout of 85% is indeed representative of the average ROI offered by leading binary options brokers. If we have any complaints, it would be that the broker does not offer the possibility of receiving a refund for losing trades.

Despite the good payouts, we were disappointed to see that the Range and Touch options only provided an average of 70% ROI for in-the-money trades, which usually qualifies for revenues as high as 400% and 500%. Even the smaller binary options brokers offer a minimum of 200% ROI for these options, and we are not sure about the reason behind the company’s significantly smaller payouts for these exotic options. If you are indeed looking for the highest payouts, we do believe that the traditional high/low options to be the best bet for the largest returns.

OptionFair Platforms & Minimum/Maximum Investment Per Trade

All trading needs for OptionFair users are met by the third-party TechFinancial trading platform, which is a highly popular web trading interface that is adopted by numerous binary options brokers. The TechFinancial platform is one of the most advanced trading interfaces in the market and is constantly developed to provide an amazing user experience. The TechFinancial platform has the most user-oriented trading dashboard that not only provides all the platform features within easy reach but also provides the option of trading FX/CFD products along with the various binary options platforms. Traders can access all relevant account information through the trading interface to access the financial assets, expiry times, and even modify the charting options to suit their requirements. The OptionFair platform also has a trader dashboard that provides all information about open trades, trade history, news releases, promotions, economic calendar, and trading alerts, all accessible at a single place.

Traders are free to open any number of positions as they desire, but the company has capped the maximum exposure to $5000. The maximum cap on the trading is designed to reduce the risk to traders, but it may adversely affect larger traders who have larger equity in their accounts. However, we are comfortable with the maximum limits and recommend our traders to use their money management skills and lower capital outflow to reduce the risk in the market. The only concern is the minimum investment amount, which should be lowered to a more acceptable level to cater to smaller traders.

Availability Of OptionFair Mobile Apps

Trading on the move has never been as easy as trading with the OptionFair mobile trading apps, which are available for both iOS and Android devices. Traders can now install a dedicated OptionFair mobile trading platform on their devices by accessing the apps from the Google Play Store or the Apple App Store. These mobile trading interfaces do enable the best trading experience and are compatible with most modern smartphones and tablets running on Android and iOS operating systems. The OptionFair apps are fairly reliable and provide the best support to offer no compromises when compared to the desktop trading interface.

OptionFair Funding Options

An OptionFair account is only available for traders that are willing to deposit a minimum of $300 as the initial deposit, which is slightly larger than the $250 required by other mainstream companies. $300 is certainly a lot higher than brokers that accept smaller deposits, which can be as low as $1. The broker also enforces a maximum deposit of $1500 for new account holders, which will be eased if the broker believes that the trader does not have a gambling tendency. These financial restrictions are imposed as part of the regulatory requirements and are an essential aspect of enhancing the safety aspect of binary options trading.

OptionFair has a broad range of funding methods, including Credit cards, Wire transfer, Western Union, WebMoney, MoneyGram, Skrill, and Neteller. These options allow traders to use any funding option according to their preferences, and all methods, except for Wire transfer and MoneyGram, ensures instantaneous transfer of funds. The broker also provides same day fund transfer for withdrawals, and traders should expect the funds to reach their accounts within 48 hours. You should realise that wire transfer may take a longer time to process.

OptionFair Bonuses & Promotions

Being a regulated binary options broker, OptionFair does not provide any bonuses to its clients. Instead, the company offers trading insurance that provides a few risk-free trades that has a few trading conditions. The lack of bonus is indeed an issue for most traders, but it does prevent any conflict of interest. On the other hand, the broker may provide seasonal promotions and refer-a-friend programs, which offers the chance to win cash prizes and trading credits.

OptionFair Demo

An OptionFair demo account is only available for traders after making a deposit, which defeats the purpose of a demo account. Traders usually don’t trust such brokers, as there are cases where brokers withhold clients’ money if they are not satisfied with the services. Nevertheless, OptionFair is a regulated binary options broker, and the broker will honour all withdrawals without any questions. Yet, we would have felt more comfortable with the broker if they had a free, unconditional demo account in their service portfolio.

Effectiveness Of OptionFair Customer Support

OptionFair has a thoroughly professional customer service department and is as expected from a regulated binary options broker. There is an option for live chat, or traders can contact the broker’s representatives through email and dedicated phone numbers. The EU has a strict regulatory framework that concentrates on improving the customer service aspect, which is why OptionFair continues to be among the top brokers when it comes to customer satisfaction.

OptionFair Training materials & Other Trading Features

OptionFair offers a very basic training resource that does not induce much confidence among traders. There are trading signals and news coverage provided for free for all verified customers, but that may prove to be insufficient for smaller traders. OptionFair needs to work on improving its training resource to be able to keep up with the resources offered by other mainstream binary options trading companies.

OptionFair Final Verdict

  • A Highly regulated binary options broker that guarantees the safety of investors’ funds.
  • Payouts are at par with the industry standards.
  • Access to a global list of financial instruments.
  • Traders get access to a highly reliable trading platform for both desktop and mobile trading.
  • The customer support department offers top-notch service.


  • Demo account is only available for registered traders and after making a deposit.
  • No bonus offered in any form.
  • Payouts for Touch and Range options are lower than other brokers.

Is OptionFair A Scam?

OptionFair is not a scam broker and is regulated by the CySEC of Cyprus, which is one of the most credible regulatory organisations of Europe. CySEC has several regulatory policies that prevent companies from indulging in any scam activities.

Does OptionFair Process All Withdrawals On Time?

Yes, EU regulation has guaranteed that OptionFair processes all withdrawals on time. Of course, there may be slight delays in payments due to payment conditions or internal delays, but the broker does process all withdrawals on time.

What Is The Minimum Deposit For Opening An Account?

Traders should invest a minimum of $300 for opening an account, while the maximum deposit is limited to $5000.

Do I Get Access To Professional Customer Service?

Yes, OptionFair has the best customer support department that is responsive and professional towards all clients.

OptionFair Review

Trading Platform OptionFair

The trading platform supported by OptionFair is developed by OptionFair’s sister company called TechFinancials. The platform has been designed with an aim to provide the best interface and tools for binary options trading. The platform itself offers a wide range of financial instruments and assets. The team of TechFinancials has developed a set of complex pricing algorithms, which enables them provide the tech that can power an unmatched number of financial instruments. TradeFinancials platform is managed by experts in binary options trading who use their knowledge and experience to make sure you can invest and trade safely and effectively.

Standout features of OptionFair’s trading platform are its One Touch Trading, and Boundary Trading or Range Trading. Another notable feature is that you can close any open market position before the predetermined expiry time. For fast trading, you can try the “60 Seconds” feature which tells you in a minute whether your option will expire in or out of the money.

The broker guarantees safety and transparency of their service and gives you the opportunity to select either sides of a single option to make sure of the guaranteed fairness in pricing with no spreads, fees or commissions.

You can also easily trade on the go with a great mobile app provided by OptionFair which allows you to stay constantly connected to the world’s financial markets no matter where you are.

  • User-friendly trading platform
  • Option for weekend trading
  • Mobile trading is supported
  • Low spreads
  • Regular offering of large bonuses
  • High returns within 60 seconds
  • High refund percentage of 10% to 15%
  • Good bonus for “Invite a Friend” promotion
  • Early closure feature
  • Daily market highlights and analysis provided
  • PayPal is not supported
  • Does not cater to US traders
  • Limited asset list

Platform type: Tech Financials

Platform Languages: English, Spanish, German, French, Chinese, Italian, Turkish, Arabic, Swedish

OS Compatibility: iOS, Windows

Streaming News Feed: Yes

Email Alerts: No

Mobile Alerts: No

Company information OptionFair

Located in: British Virgin Islands

Website: www.optionfair.com

Founded in: 2020

Accepts US Clients: No

Phone number: 0044 203 5190373

Email: custo[email protected]

Account Options OptionFair


Minimum Deposit: $200

Payouts Percentage: 85%

Deposit Options: MoneyGram, Credit Card, Debit Card, Bank Wire Transfer, Western Union, Moneybookers

Withdrawal Options: Credit Card, Bank Wire Transfer, Western Union, Moneybookers

Payout Ratios: Returns can go as high as 85%. You can get a 10% to 15% refund for losing trades.

Available Assets OptionFair

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Spanish, French, Italian, Arabic

Customer Service Hours: OptionFair provides a full 24/7 customer service

Place Trades Over the Phone?: No

OptionFair Trade types

OptionFair offers the following trade types:

  • High / Low Instrument: It allows you to decide if the price of an asset will go up or down
  • One Touch Instrument: Here you can choose if the price of an asset will touch a specific target price.
  • Boundary: It lets you choose if a given asset price is going to stay withing a given price range.
  • Short Term: It supports quick 60 second, 2 minute or 5 minute trades available with the with the short term option.

OptionFair Trade accounts

OptionFair offers five types of trading accounts:

Standard : Initial deposit is $250, up to 20% bonus

  • Additional profit is 0%
  • Binary Opitons eBook
  • Introductory financial expert session
  • 17 video tutorials
  • Minimum trade amount is 25 $/€/£

Silver : Initial deposit is $500, up to 40% bonus

  • Additional profit is 1%
  • Binary Opitons eBook
  • Daily Overview
  • 1 financial expert session per month
  • 31 video tutorials
  • Minimum trade amount 25 $/€/£

Gold : Initial deposit is $2,000, up to 60% bonus

  • Additional profit is 2%
  • Binary Opitons eBook
  • Daily Overview
  • 2 financial expert session per week
  • 44 video tutorials
  • Minimum trade amount 100 $/€/£

Platinum : Initial deposit is $15,000, up to 80% bonus

  • Additional profit is 4%
  • Binary Opitons eBook
  • Daily Overview
  • Unlimited financial expert sessions
  • 51 video tutorials
  • Minimum trade amount 200 $/€/£

VIP : Initial deposit is $50,000, up to 100% bonus

  • Additional profit is 6%
  • Binary Opitons eBook
  • Daily Overview
  • Unlimited financial expert sessions
  • Unlimited trading strategies
  • 51 video tutorials
  • Minimum trade amount 500 $/€/£

OptionFair Position In Our Categories

Position of OptionFair in our main categories:

OptionFair is one of the top 20 Binary Options Brokers products

If you are considering OptionFair it may also be sensible to investigate other subcategories of Binary Options Brokers collected in our base of SaaS software reviews.

It is essential to realize that hardly any service in the Binary Options Brokers category is going to be a perfect solution that can match all the goals of different investors. It may be a good idea to read a few OptionFair reviews first as certain solutions can actually perform well just in a specific geography or situation or be designed with a very specific customer in mind. Others can function with a goal of being easy and intuitive and as a result lack advanced functions welcomed by more experienced users. You can also come across services that support a broad group of users and offer a powerful feature base, however this frequently comes at a higher price of such a solution. Make sure you’re aware of your needs so that you select a service that offers exactly the features you look for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and OptionFair reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with OptionFair. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Best Binary Options Brokers 2020:

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:


    2nd place in the ranking!

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