Is OptionFair a Scam?
OptionFair is a new binary broker that offers attractive bonuses to new clients. But is this broker really reliable?
We have made a short review of OptionFair and found out that they do not rate highly in Google Trends and there is no significant data about them, (see the below graph according to Google Trends). After researching OptionFair and their services, we cannot confirm yet that OptionFair is safe. As an alternative we have selected our Top Binary Brokers along with detailed reviews for safe and secure trading:
TOP 3 SAFE BROKERS:
|Broker||Min Deposit||Payout||Quality Score||Visit Site|
|$250||90%||73 / 75||
OptionFair provides five different accounts one can choose from, and these include the VIP account. It is said that, your bonus increases as your deposits increase but you can hear this from a lot of brokers including scammers. The broker provides an OptionFair education center with free tutorials as well as free seminars and eBooks for both professional and basic account holders. The data provided by the Binary options broker are not very informative and helpful in determining trading trends but you can learn some basic stuff from there . OptionFair offers a “One touch” trading platform that allows you setup trading parameters within few seconds and start trading.
There are a number of features that make some traders feel OptionFair not completely trustful. For instance , there are limited asset lists , and the brokers seem not to cater for their US members. The broker does not accept PayPal deposit and withdrawal options. While there are no limit to the amount of withdrawals you can request, however, you need to wait for between 36 hours and 5 days before you can get your withdrawal processed- many see this as a potential scam since there are no explanations offered for such delays.
OptionFair Minimum deposit
The minimum deposit on OptionFair is $200 and you can earn 10% of your deposit for up to $499 you deposited. Deposits are accepted through a number of options including; Bank wire transfer, western union, Credit and debit cards. Other deposit options include; MoneyGram, Moneybookers, and Liberty Reserve. There are no limits to the amount you can deposit on OptionFair; however the administrators suggest that you deposit not more than $5000 at a time. The minimum deposit of $200
For trading has been seen by many as one of the Cons of using this platform.
OptionFair comes with an un-complicated trading platform for trading, therefore both beginners and professionals can use it. No demo account is offered here and opening a real trading account is not very easy. You can complete the account opening application at the Home page of their web site. The trading steps are laid out once you have registered and you can start trading within minutes, after transferring your initial deposit. It is believed that OptionFair may introduce its Demo Trading account in the nearest future , however the Demo account will only be available to genuine investors and not just learners.
Unfortunately Market Options DOES NOT offer a demo account.
There are quite a number of bonuses offered on OptionFair. There is also an ongoing bonus promotion where you can earn as much as 100% on subsequent deposits of up to $450. You can also earn up to 20% bonus on deposits of $500 to $999 and up to 30% bonus on deposits of between $1000 and $5000. Bonuses are also offered when you invite a friend to OptionFair, but you need to note that you cannot make withdrawals on bonuses until you make deposits. Deposits made on the platform cannot be withdrawn immediately, as it takes between 36 hours and 5 days to process such withdrawals. Try to withdraw small amount of money before start trading with bigger one because we found some complains related to their withdraw practice.
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After making detailed investigation of OptionFair our team came to the conclusion that there are other brokers that offer better service and have higher customer satisfaction.
We recommend You to Proceed with the Best Broker which has been ranked to offer the best service amongst over 100 brokers. Or you can Open an Account with at your own Risk.