Option Fair is an online broker owned by Mika Holdings Inc, a company incorporated in the British Virgin Islands with globally located offices. Option Fair belongs to one of the earlier binary online trading to appear way back 2009. Until now, this online broker has continuously been growing and progressing for non-US territories since they do not allow traders from these places. Being the first one to introduce One Touch in which you need to predict if the price of the asset will touch or not touch a certain level before the expiry time, Option Fair paved its way to be one of the best brokers for traders.
They use the Option Fair platform which offers features and tools that are very understand. Option Fair platform is an easy-to-use intuitive platform that makes trading fun and simple as it was built to provide the finest trading interface for binary options offering the widest range and most liquid assets and financial instruments. It is very straightforward that’s why it became popular in such a short period of time. Aside from One Touch as mentioned earlier, this platform also offers the classic High / Low and Boundary Options which suit the flexible trading styles of their clients. The other online broker that uses the same platform is 24 Option. However, 24 Option allows trader from the US.
Currently, Option Fair is available with 13 languages for the convenience of its clients, namely, English, Spanish, German, French, Arabic, Danish, Finnish, Italian, Japanese, Norwegian, Swedish, Turkish and Chinese. This is surely a great help for traders to understand the platform with full grasp.
Aside from having such great language support, it also offers different assets for traders’ need and style. Their assets are consist of nine(9) currency pairs; five (5) indices; seven (7) companies; and two (2) commodities, namely, Gold and Silver. Option Fair offers variety of expiration periods which are important to match every client’s trading strategy. They offer expiry times ranging from less than an hour to one month.
Like any other online brokers, there is no deposit to complete the registration process. However in order to begin trading binary options with Option Fair, the minimum initial deposit of 250USD, EUR, GBP or 20,000 JPY needs to be made. The trading currency is selected during the registration process and once selected, this cannot be changed. Deposits can be made using Credit Card, Wire Transfers, Western Union, Liberty Reserve, Money Gram, or MoneyBookers. However, traders should take note that the minimum deposit for Western Union and MoneyGram is 1500 USD, EUR or GBP while the minimum deposit for wire transfer is 500 USD, EUR or GBP. For other deposit methods, the minimum deposit is 250 as stated earlier.
Withdrawal in Option Fair is pretty unique. One withdrawal per month is allowed free of charge and any Additional withdrawals are charged of 30 USD, EUR or GBP depending on the trading currency.
With regards to profitability, Option Fair’s return rate for winning options are from 70%-85% while the refund for losing trades is 0%-15%.
Their support page is also helpful. You can reach their staffs via phone call, live chat, and e-mail. They have different phone numbers for different language support which make it easier for clients to resolve their inquiries.