Is OptionFair a Scam?
We have made a research of OptionFair and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that OptionFair is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:
OptionFair gives a fair chance to all its traders for learning the market, by giving them a chance to trade with a demo account as well. Having a demo trading account will help you get accustomed to the trading platform which can take time to learn for the beginners. Also, trading in such risk free way provides a sense of security to the traders, which works well for the broker.
Thus, by offering a risk-free demo account system, OptionFair has given a good opportunity to the traders. This free trading window lasts for 72 hours and is more than sufficient to gain an insight into the trading systems.
There are several factors that are considered while judging a broker. These include the ease of operations, the flexibility of the dashboard, the number of assets they trade in, the withdrawal process, the bonuses on the amounts deposited, and so on. Option Fair is a part of the Mika Holding Inc. and has been established in 2010. It is one of the oldest brokerage firms and has earned quite a good reputation over time, but not lately. The main factor traders choosing this broker is its organized platform and the expiry time limit of its assets.
The one word which can be used in its favor is ‘regulated’. Yes, OptionFair is a regulated platform but that doesn’t mean that there is no possibility of scams happening here. Even after such regulations this platform looks scam to some people and probably they are not so far from the truth.
This is because of the fact that OptionFair has a platform which ensures that you will win huge amounts if you take huge risks. The returns at OptionFair is up to 85% while the average return according to many sources is around 80% which is considerably higher than the market average. There are signals and complaints from traders who tells about hard withdrawals and not paying off the whole amount.
OptionFair Minimum Deposit
The minimum deposit amount of OptionFair is 250 EUR or GBP. Once a trader has optimized his or her strategy with demo account, trading with this amount of money may become quite profitable. This is why it is said that the longer you trade with your demo account, the better. But this is not always the case, because it is well known that demo account is always winning and we cannot say the same for the real one with OptionFair.
Keep in mind that once you choose a certain currency for making your minimum deposit you will have to choose that currency for all your future dealings and withdrawals.
Some people prefer a higher bonus while some prefer a lower bonus because of their own strategy and return optimization techniques. If you are among those who prefer a lower bonus, then OptionFair will match your requirement. If you deposit a 300 US dollar maximum deposit, then you will get a 10% bonus from it. For any subsequent higher deposit amounts, one will receive 20% to 30% bonus. The wager for a bonus is 30 to 40 times the bonus. This amount is favorable for a lower bonus like this one.
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ConclusionAfter detailed investigation our team concluded that there are better choices than OptionFair. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with OptionFair.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.