Binary options trading binary options with optionfair deposit minimum
These are listed to the left hand side of the trading platform, in a simple tab-style menu — the selected option is brought to the forefront. The asset filter is then the next choice to be made — the list below will default to the most popular trades, but can be filtered by asset category, e.
The list will update automatically, and default to the next expiry time. Any of these assets can be selected, and once selected, the information displayed on the right of the trading area will update with the current information for that asset.
The central and right hand side of the trading area is dedicated to the trading buttons, asset price graphs, and the trade information area. The trading area illustrates and clarifies the terms of any potential trade.
This layout can change fractionally dependant on the option type selected. The amount and payout are listed just to the right of the trading buttons. The potential payout will auto-populate once the amount field is completed. To the right is the asset price graph. This can be expanded if required via the small graph icon, in the top right of the graph area. There is also a trader choice bar which indicates the current sentiment on that particular asset.
Beneath the graph is the trades area. This will list all the open trades, and track how they are performing. The asset lists at OptionFair are very good, with a full range of the most popular indices, currencies, commodities and stock available.
Other firms do provide a more comprehensive list, but only the most obscure assets are not available at OptionFair and this ensures payouts remain high as the liquidity justifies providing a market on the asset. OptionFair deliver a free trading app, compatible for both android version 4. Every binary options platform has that golden nugget that makes it stand out from the rest.
There are no fees or commissions on first deposits or purchases. There is no maximum withdrawal limit for OptionFair and they boast to be able to process these within 36 hours for verified accounts to 5 days. These will usually be given back via the method deposited and the first time you do, you will be asked for proof of identity. However if the value of the withdrawal exceeds the initial amount, the rest of the money will be sent via wire-transfer. Being regulated by CySEC Cyprus Securities and Exchange Commission can give you a little piece of mind that your deposits are securely held and any complaints that arise will be dealt with swiftly.
OptionFair's website is available in 13 different languages, but only English, Italian, Spanish, Arabic and French are available over the phone in local languages. Based out of Cyprus, they have an excellent Live Chat service available and from experience they are very quick to answer any issues over email. However be aware that they are a weekday, 9 to 5 type of company.
The OptionFair mobile binary options site offers both Android and iPhone trading apps from the respective stores. Their mobile apps simplify the look and feel whilst continuing to provide you, the trader with all the features of its desktop counterpart. Scan through assets, choose your instrument type along with the direction and your price before hitting the buy button to open your trade.
Registration is free, and once you do, you can simply ask support for your free eBook detailing how to start trading options and recognise trends. A nice read for trading beginners. They will also provide you with background information on all traded assets and graphs showing historical data, as well as a comprehensive Trader Centre, giving you daily financial market analysis figures and a comprehensive glossary and overview of their binary options system.
However these are all fairly standard requirements of any binary option broker, so the question is, what do they provide extra? Finance, a trusted third party. Not only that but they also offer binary options trading signals called FairSignals. This automatically alerts you letting you know which are the most profitable trade opportunities currently available.
Just remember to contact your account manager to activate them. Unfortunately there is no OptionFair demo account to let you get to grips with their system, however they do offer all new traders 5 risk free insured trades on sign up. This OptionFair review shows that they are a great binary options trading platform. Covering most of the major languages, with a simple trading process and modern and elegant style, you can see why so many people are attracted to this no download needed platform — and why they license out this platform to third party options brokers.