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In addition to being the first and only publicly traded Binary Options brands, OptionFair is backed by the sister company TechFinancials and is developed to deliver the finest Binary Options trading interface. By providing traders the ability to trade on a variety of assets, OptionFair is suitable for all traders and employs a user-friendly interface that is fast to learn, easy to use and rewarding to experience.
This article will outline the primary benefits and features of the OptionFair platform including how to get started, how it works, deposit information, the available Binary Options to trade and more.
Prior to trading on OptionFair, all traders must get familiar with their account status and general banking and withdrawal information. Trader accounts are designed to increase the efficiency of trading and this section will explain how to set up an account for a successful trading experience.
VIP Account – All traders may choose an account type most suitable for them and OptionFair offers a variety of account types. Based on the chosen account type, traders will receive personalized offers and special features.
Banking – The banking section outlines how to navigate everything related to banking, more on this in the latter section.
Deposits – Get the information you need to know about making deposits and discover all the deposit methods available.
Trader’s Center - All traders on OptionFair are recommended to frequently visit the Trader’s Center, an all-inclusive help center for everything you need to know about OptionFair trading.
The fundamentals of Binary options are based on a straight forward yes/no proposition and provide a fixed and predetermined return. Additionally, OptionFair’s easy to use platform helps traders enter the world of financial trading with peace of mind and confidence. Trader can choose from a variety of assets from Stock Market Indices (e.g. FTSE), Stocks (e.g. Google, Apple, etc…), Commodities (e.g. Gold) or Currency pairs (e.g. EUR/USD).
On the OptionFair platform, all of the assets represent two possible market movements, as outlined below:
• High / Low Instrument: Decide whether the asset price will go UP or DOWN.
• One Touch Instrument: Decide whether the asset price will TOUCH or will NOT TOUCH the target price.
• Boundary: Decide whether the asset price will stay in a target price RANGE or not.
• Short Term: Open 60 Second, 2 Minute or 5 Minute trades with the Short Term Option.
A profitable option which expires “in the money” will provide a fixed return on the invested amount. For example, an investment of 500 USD on a EUR/USD High option bought at 1.4407 will provide a return of 925 USD if the price at expiry is higher than 1.4407. The return is will not change by how much the purchase price is exceeded at expiry (e.g. 1.4408 and 1.4459 will return the same profit).
If the price at expiry is lower than the purchase price then the option in this example will expire “out of the money” and the investment will be lost.
Immediately after creating an account, you can start trading in three simple steps
1. Choose an asset that you would like to trade from the drop down menu.
2. Select “High” if you believe that the price will be above the current level at the expiry time. Select “Low” if you believe that the price will be below the current level at the expiry time.
3. Enter the amount you wish to invest and click “buy”.
On the trading page you can choose from four different types of options to trade: High/Low, One Touch, Boundary and Short Term options.
A High/Low instrument is written around the current market price and allows the user to decide whether the market will by Higher or Lower at expiration relative to the current market price.
A One Touch instrument is one which is written around the target price and whose outcome depends on whether the market price reaches or does not reach the target price prior to the expiry of the option.
A Boundary instrument is written around two target prices (a lower and an upper target) forming a boundary range together. The outcome of this option depends upon the market price at expiration relative to the boundary range.
A Short Term instrument offers High/Low trades with a rapid expiry time. Current short term trades include 60 Seconds, 2 Minutes and 5 Minutes.
After you choose an option, the trading window will open and you can buy the option in the most convenient way. When you buy an option, the “In the Money” and “Out of the Money” prices will automatically appear in the trading window.
All your banking transactions are protected with the most advanced technologies you can find on the market. To start trading, we offer you an educational platform that will support your learning and our customer service representatives will always be by your side.
OptionFair offers 100% safe and secure banking through an easy-to-use interface. We provide several methods to help you fund your account very fast to have quick access to your trading experience.
After doing thorough account verification, we make sure to process as quickly as possible your withdrawals requests. Our verification process is meant to ensure that no false claims are made using your account – the minimum deposit: 250 €/$. Please visit the banking page for more details.
OptionFair provides their community of traders with everything they need to be successful. That’s where the OptionFair Academy adds value, bringing together the information, resources, tutorials and trading expert panels. Starting watching video tutorials to develop rich knowledge of the world’s financial markets and learn everything from the trading basics to the sophisticated techniques. The OptionFair ebooks are available in the languages mentioned in the table above and teach traders the basics, trends and more.
Telephone: +357 25 040 120
Fax: +357 25 040 123
Address: 1st Floor, Kyriakos Tower, Kosta Hadjikakou 1 4107 Agios Athanasios, Limassol, Cyprus.
English: +44 203 5147067
Spanish: +34 911 983634
Italian: +39 06 94808282
French: +33 186261721
Arabic: +966 811 1702371
German: +49 322 21095250
Russian: +7 499 6776050
Hungarian: +36 1 4088605
Polish: +48 22 3970143
Lithuanian: +370 52141379
Romanian: +40 316301528