“ Option Fair is an online options trading website „
Avoid like the plague.I recently created an account and deposited £200.00 as my first taster of trading. The website allows you to withdraw the money straight back to your bank account... or so it seems.They won't hand any money you have made as a simple withdrawl. It sits 'pending' on their system and they sit on your money and request all sorts of documents - your passport, photocopies of your bank cards, bank account numbers. Think "FONEJACKER" and you have got it right.Avoid avoid avoid.
What is optionFair ?
OptionFair is a new online trading platform offering binary options. It allows investors to profit from the changes in financial assets such as currencies, stocks, commodities and indices, all of which in real time.
Binary options, the new evolution in financial trading, involve simple investment choices offering quick and easy returns. Anyone, with little or no trading experience or financial knowledge, can master the intuitive platform that optionFair has developed and can confidently trade with success.
A Binary option, also known as a digital option or fixed return, is an option to buy an asset traded on the financial markets. It offers a fixed return over a predetermined period of time; this can be anything from 5 minutes up to 24 hours. It is called binary because there are only two outcomes - either you will receive a fixed return or nothing at all. At optionFair the fixed return is a market-leading 85% and even the nothing at all at optionFair is actually a refund of up to 15% of the investment.
Most Binary Options platforms offer just the single High/Low instrument to trade. At optionFair there are 3 types of instruments on offer: High/Low, One Touch and Boundary. Each of these instruments contain two option types to trade and optionFair is unique in being the only platform which allows the trader to invest in both sides of the pricing range, ensuring fairness in pricing and creating more profit opportunities.
optionFair also provide an early closure feature which enables the trader to limit the risk or secure a profit by closing a position at any point during the length of the contract, regardless of whether a position is profitable or not.
How to Trade at optionFair
Trading at optionFair is simple. After signing up and making a deposit, a trade can be made in 4 easy steps
Step 1: Enter the trading arena and choose the type of instrument you would like to trade by clicking on the instrument tab. It will be High/Low, One Touch or Boundary
* High/Low You predict if the market price will be higher or lower at expiry time
* One Touch You predict if the market price will touch or not touch a target price before expiry time
* Boundary You predict if the market price will be located inside or outside a range formed by two target prices at expiry time
Step 2: Choose what asset you would like to trade from the list of available assets
Step 3: Select the prediction on the trading slip
Step 4: Enter the amount you wish to invest and click "buy".
Website available in 7 different languages English, Spanish, Arabic, French, Turkish, Romanian and Italian
Support - Email, telephone and Live Chat
Minimum deposit - $100
Located: British Virgin Islands (nice for some eh)
Bonus: up to 30% but must be traded 20 times before withdrawal of bonus is allowed
Very similar to gambling at a casino... very easy investment/betting choices but the big advantage over betting at a casino is that with a little research you greatly improve your chances of winning. However, with all forms of investing and gambling - only use money you can afford to lose and always bet/invest in moderation