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OptionFair was first landing on Binary Options industry in early 2009 and it’s considered one of the older Binary Options broker around. Like 24option, OptionFair use TechFinancials trading platform, which’s tested and tried platform. The payout is up to 89%, and it’s considered one of the better one for payout. In fact, there’s only a few brokers can match or exceed that type of payout. OptionFair is located and incorporated in British Virgin Islands, like Cyprus, it’s considered a Tax Haven for most financial institutions because there’s little to no regulatory oversight at all. This doesn’t give us a lot of confidence because our money doesn’t get the protection it deserves, but there’s quite a lot of highly rated and very trustworthy broker located there, so you shouldn’t be worry about it, because at the end of the day, if a company goes bust, nothing much we could do… take PFGbest as an example recently; a fully regulated, USA financial institution but once they went bankrupt, traders couldn’t get their money. The minimum deposit is $250, which’s an average amount; some brokers require less for minimum deposit like uBinary. Recently, OptionFair has implemented the 60 seconds options, so that’s good news for those who has 60 seconds system. However, one major drawback is that OptionFair don’t accept USA clients because of NFA/SEC problem. Scroll down to continue reading our full live OptionFair Review.
OptionFair support is not up to standard in our opinion previously but now they have been doing some major upgrade to their support line. Previously, there’s Live Chat available on their website but when we try to contact support, it’s only sending them email instead having a live person to talk to. However, nowadays, we only have to wait up to 30 seconds for a live person to turn up to answer our inquiries. That shows that they do care a lot about their potential clients.
OptionFair don’t have the highest number of underlying assets out there, in fact they offer quite limited number of underlying assets. We lead to believe that, they do it because they worry about the stability of trading platform; a general knowledge is that the less asset, the more stable trading platform is. However, TechFinancials could afford a lot more underlying assets, it could reach to even over 100 assets but from what we see, there’s only around 60 underlying assets in OptionFair platform. Due to the lack of assets, they couldn’t serve well the client’s needs. They have very few stocks compared to other broker. However, they do cater to different regions, like Middle East and Asian, even though the numbers of assets are limited. All the major Forex pairs are available for trading; you could trade Forex major 24 hours per day as well.