|Minimum deposit||250 GBP|
|Minimum trade||25 GBP|
|Maximum trade||3,000 GBP|
|Mobile App available?||Yes, for Android and iOS|
|Demo Account available?||No|
|Signal Service available?||Yes|
OptionFair sells binary options based on commodities, indices, currencies and stocks.
Why is OptionFair popular among commodity binary option traders? Here are a few reasons:
OptionFair uses a bespoke platform created by TechFinancial.
You start by selecting trade type from the ones listed in a tab-style menu on the left hand side. Once you have made a selection, that trade type will be brought to the forefront. Now, use the asset filter to narrow things down. The list below will automatically show the most popular trades, but you can use the asset filter to change this display according to your preferences instead. If you’re looking for binary options based on commodities, simply select commodities to display the available options.
Once you have made a selection, the area right of the trading area will update automatically to show you current asset information. This is when you can adjust factors such as expiry time. Central and right hand side of the trading area is where you find trading buttons, asset price graphs and general trade information. The strike price is displayed between the two buttons HIGH and LOW. The amount and payout is displayed to the right of the trading buttons.
OptionFair has a trading mobile App for Android (from version 4.0) and another one for iOS. The apps are easy to use and will give you access to OptionFair’s full range of options and features directly on your mobile device.
A wide assortment of transaction methods are accepted by OptionFair. Your choice of deposit method will impact the minimum amount you must deposit. Here are a few examples:
Maximum daily deposits: 30,000 GBP
Maximum monthly deposits: 150,000 GBP
There is no minimum withdrawal amount, and you can make one withdrawal every 31 days without having to pay any withdrawal fee. For subsequent withdrawals, the withdrawal fee is 30 GBP per withdrawal.
Withdrawal requests are typically processed within five days, which is a bit long compared to OptionFair’s main competitors.
OptionFair has been publicly listed a since 2015. Its sister firm TechFinancials Group is now listed within the AIM market of the London Stock Exchange, and OptionFair sit under the same umbrella.
To become and remain listed at the London Stock Exchange, a company must adhere to a strict set of rules, including rules regarding transparency.
OptionFair is licensed by CySec and must adhere to the European Union’s MiFID regulation.
At OptionFair, client funds are kept segregated from company funds. This provides the clients with a higher degree of protection in case of corporate bankruptcy or similar.