OptionFair provides a wealth of information on all types of binary options trading. A binary options trade has a pre-determined payout that is set by a contract. You must correctly predict whether your underlying asset will be higher or lower than the purchase price in order to make a profit. An underlying asset is the item that is being traded. The magnitude of the change in the asset price is not relevant; the direction of change is the only aspect that matters in binary options trading. In binary options trading, there are two trading options called a call option and put option. A call option is when you predict that the underlying asset will be above the purchase price at the time of expiration and a put option is when you predict that the underlying asset will be below the purchase price at the time of expiration. OptionFair has commodities, stocks, currencies and indices you can use as your underlying asset when you trade. At OptionFair, you can receive up to 85% return on your investments and if your trade expires out of the money, or out of your predicted range, you will receive a 15% refund of your investment. OptionFair’s trading platform is available in several languages including English, Spanish, German, French, Arabic, Danish, Finnish, Italian, Japanese, Norwegian, Swedish, Turkish and Chinese. You can reach the OptionFair customer service center through live chat and email.
Binary options and stock options are similar but there are several key differences. Stock options have longer expiration times and constantly changing payout levels. Binary options have pre-set expiration times and payouts and the expiration times are shorter than stocks. You can trade binary options at OptionFair from their website without downloading any software to your computer. OptionFair has a lot of information for customers and prospective traders on their website. The website has a frequently asked questions section and glossary with general binary trading options information as well as information on the OptionFair trading platform. OptionFair also has background information and historical graphs on all traded assets. You can also use the Early Closure option which allows you to end your trade before the expiration time in order to protect your profit and lower your risk. The OptionFair trading platform is easy to use and draws on several market indicators and algorithms to give you the best information possible about the market.
Trading with Flair at OptionFair
With OptionFair, you can start trading with easy. Simply enter all your personal information, pick the currency you want to use with your account and you can immediately begin trading. OptionFair allows you to trade indices, stocks, currencies and commodities. The traded indices at OptionFair are TADAWUL, Hang Seng Future, CAC 40-Future, DAX 30-Future, IBEX Future, Dow Jones 30-Future, ASX 200-Future, NIFTY Future, SMI Future, FTSE 100-Future, S&P 500-Future, NASDAQ 100-Future. The traded stocks at OptionFair are Barclays, France Telecom, Google, BP, Societe General and Apple. The traded currencies at OptionFair are EUR/USD, AUD/USD, GBP/USD, USD/JPY, USD/CAD, EUR/USD 60 seconds, USD/TRY, USD/NOK, EUR/CAD, EUR/JPY, CAD/JPY, GBP/JPY, EUR/GBP, USD/CHF, GBP/USD 60 seconds, EUR/TRY and EUR/NOK. The traded commodities at OptionFair are oil, oil 60 seconds, gold and silver. The OptionFair trading platform allows customers to use several instruments for placing trades. These instruments are Boundary, Touch/No Touch and High/Low options. A Boundary instrument allows you to predict whether the underlying asset price will fall outside or inside a range of two prices. The Touch/No Touch instruments allows you to predict whether the underlying asset price with reach a specified asking price or not. The High/Low instrument allows you to predict whether the underlying asset price will fall below or above the purchase price.
OptionFair has security and privacy features to protect your account and your personal information. Information that is transmitted to the OptionFair website is encrypted with a 128 bit SSL encryption certificate. Your account password is also encrypted and that encryption is always maintained. The staff at OptionFair routinely runs check to ensure that the integrity of security is intact. OptionFair also uses 18+ to verify your login information. It is recommended that you have a lengthy password that cannot be easily decoded. It is also suggested that you change your password every few months to maintain privacy and security for your account. You should also logout every time you are done using the OptionFair site so no unauthorized users can use your account. OptionFair will not share your personal information with third parties except during legal investigations by government officials.
OptionFair Features and Payment Options
OptionFair offers a few different account types. A standard account gives customers full access to the OptionFair trading platform and registration for a standard account is free with a minimum deposit of $250. A standard account will give customers a return of 85% on all investments. OptionFair also has Gold and Platinum accounts for more seasoned traders that offer more benefits than the standard account. The Gold account is a mid-sized account, and the Platinum is the largest account with the most benefits. You must have a standard account to apply for a VIP account at OptionFair. OptionFair also has several bonus offers for customers to enjoy. If you make a first time deposit of up to $499, you will receive a 10% bonus that will be credited to your account. If you make a first time deposit of $500-$999, you will receive a 20% bonus that will be credited to your account. If you make a first time deposit of $1000-$5000, you will receive a 30% bonus that will be credited to your account. You may only receive a bonus one time, the maximum bonus is $1500 on first time deposits and the bonus is only available for withdrawal when it has grown to forty times its original value. OptionFair also runs special periodic promotions throughout the year. The current promotion is called Invite a Friend; this means that if you invite a friend to trade with OptionFair, you will receive a $50 bonus and your friend will receive a $25 bonus on his or her first deposit.
You can deposit money into your OptionFair account with several methods. You can use credit cards, wire transfers or electronic payments. The accepted credit cards and electronic payment options include Visa, MasterCard, Diners Club, JCB, Dankort, Laser, Visa Electron, MasterCard Debit, Maestro International, Carte Bleue, CartaSi, Discover, MoneyBookers, Western Union, MoneyGram and Liberty Reserve. The minimum deposit amount with a credit card is $200, the minimum deposit amount with a wire transfer is $500 and the minimum deposit amount with an electronic payment is $1500. The daily deposit limit is $5,000, the weekly deposit limit is $20,000 and the monthly deposit limit is $80,000. The method that you use to deposit funds is the same method that must be used to withdrawal funds. There is no minimum withdrawal amount for credit cards or electronic payments but the minimum withdrawal amount for wire transfers is $100. After your personal and account information has been verified, it usually takes 36 hours for withdrawals to be processed. You are also able to cancel a withdrawal if it has not been completely processed.OptionFair,