Well, we highly recommend OptionFair for various reasons. We had a great experience. The best thing about it is the convenience of use. It is really easy to monitor. Also, one will find it exciting to use. It will not take more than 2 days for withdrawal. Also, the withdrawal is free for once a month. However, Americans are not welcome there.
The OptionFair minimum deposit is $250. It is CySec licensed as they got the license in October 2013. ‘Maximum Returns’ is 91%. And Maximum bonus is %5000. Minimum investment is $25 and the maximum investment is $15,000. Learn more about their service in the detailed review below.
Those Americans staying in the USA is not welcome on OptionFair. You are entitled to a signup bonus. However, the bonus amount will be totally dependent on your first deposit. For getting 4 daily free signals for a month, you will have to deposit $500 or more. Now let’s take a look at the account types.
- Standard account – You will get a 20% bonus if you make a first deposit up to $499.
- Gold Account – You will walk away with a 30 % bonus if you make a first deposit between $500 and $999.
- Platinum Account – For getting a whopping 50% bonus, you must make a first deposit between $1000 and $5000.
As you can see, platinum account offers significantly higher returns. Take the example of Standard Account, where you will get maximum 85% return. If we compare it with others in the business, it is indeed a great offer. Maximum return can go up to 89% if you are a platinum account holder. They also offer and Elite Traders Club Card. And this card can be obtained by affiliates and VIP traders. Another good thing is that they offer a free demo account if you are able to make a minimum deposit of $500. You don’t need to use your funds while using the demo account.
Deposit And Withdrawal Options
They provide Skrill. However, deposits will take time since they don’t have instant deposit feature. However, when it comes to deposit, it will take only a few minutes and really fast. You will get one free withdrawal per month. This is a really good thing as even small traders can walk away with some profit since they don’t have to worry about bank fees. If you are a Standard Account holder, they will charge you $30 per withdrawal after the first withdrawal.
The minimum withdrawal amount is $100. You should know the fact that your account will be considered dormant if you fail to login for more than 6 months. However, they haven’t specified this thing in the Terms and Conditions. However, you can expect an email notification regarding this.
But if you fail to act quickly, you will be required to pay a 10 % fee monthly. So this is something you need to keep in mind. For getting approved, you will have to submit your address proof and photo ID card. This is must in order to avoid money laundering.
An account manager will contact you as soon as you first join OptionFair. This person will give you the necessary guidance you are looking for. The account manager will suggest the type of account you need to open after listening to your needs and the amount you want to invest. They provide support in 5 languages, including English, Italian, French, Arabic and Spanish. As for live chat, we can’t say that they provide the best service. We found their approach unsatisfactory. Well, it can be one-off thing. But in general, they have a very good customer support team ready to offer help whenever you need.
They are using Techfinancials platform and it will give you great software experience; in fact the best out there. Monitoring is really easy as they provide charts for easy reference. You can get clear information about the total active trades. Their website has all the educational resources in the Education section.
In general, they are one of the best in the business. We highly recommend them to everyone, because they are top notch in everything. They provide the best software and customer support, also the payout is really good. We are also mighty impressed with their bonus structure. All in all, it is a great platform for traders and they should totally go for it.