OptionFair Review

OptionFair Review Discussing Strengths and Weaknesses of OptionFair

Commenced in the middle of 2010,  OptionFair is one of the top brokers in the market that allows traders to do business in binary options. It is based in the British Virgin Islands and is owned by Mika Holdings Inc. It is completely web-based and you will not need to download or install any other application to run it. OptionFair scam has been analyzed and reviewed several times; and every review that you will go through will throw light on a different aspect of this platform. Here is a general OptionFair review that will discuss its strengths and drawbacks.

Strengths of OptionFair

One of the best features of OptionFair is that it is a very user-friendly trading platform. Beginners do not face much difficulty in understanding it. All the features of OptionFair are very easy to use and run smoothly. Almost every OptionFair Review on the Internet talked about its simplicity and comprehensibility. Its FAQ and glossary sections are very helpful as well and provide info about using this platform in depth. Moreover, if you still find any problem you can always contact OptionFair mobile customer service. Its customer service is open 24/7. You can email, call, fax them, or talk to a representative via Live Chat.

No commission is charged for purchasing any binary option and you can easily trade without any pauses in between. OptionFair Login is available in seven diverse languages: Romanian, Spanish, English, Arabic, Italian, Turkish, and French. Many trading companies do not provide services in Romanian language so OptionFair has an edge over other platforms in this regard. Info regarding an asset is mentioned very clearly in columns. The current price of an asset, its high/ low prices, return offered by an investment, expiry date of a certain asset and its status are mentioned in columns next to every asset. Its “Trade Basics” feature is a very helpful option that allows the beginners to have a detailed understanding of how trading works. An OptionFair review mentioned that the “expiry calculation”, “early closure” and “banking page” of OptionFair demo account are extremely beneficial features and contain a lot of useful information for traders. Bonuses are also given to first time users on opening an account with OptionFair. In addition, traders can withdraw their money via Liberty Cash, UKash, Moneybookers, CashU and credit and debit cards.

These are some major positive features of OptionFair. Now let us look at its weaknesses.

Drawbacks of OptionFair

OptionFair charges quite a heavy fee when you withdraw your money from it. $30 will be charged for withdrawing money via credit/ debit card, wire and electronic transfer. This is quite a big amount and this feature has been condemned in most of its reviews. In addition, one OptionFair review stated that it does not offer the best return in the market. It offers a good return of about 75% but there are companies that give an even better return. It should work on providing higher returns to its users.

Briefly, OptionFair is a good trading platform but needs to improve its working. A suggestion given by an OptionFair review stated that it should add more helpful features to assist the traders.