OptionFair is owned and operated by B.O Trade Financials Ltd, a company based in Cyprus. The well-known binary options broker is regulated and licensed to operate by the CySec and is compliance with Markets in Financial Instruments Direct (MiFID) regulations.
How To Open an OptionFair Binary Options Trading AccountOpening an account with OptionFair offers you access to a user-friendly trading platform, a wide array of assets and diverse trade types.
This article will show you how to open an OptionFair binary trading account in four simple steps:
Step 1: Access the registration form
Head over to the OptionFair webpage and click on the ‘Open Account’ tab on the top right side. Clicking this tab will allow you to access the registration form. You do not need any supporting documents to open an account.
Step 2: Fill out the registration form
Applying for an OptionFair account is free. To complete the registration form, provide your personal information including your name, phone number, email, country and preferred currency. Please note that you cannot change your preferred currency later, so choose this carefully. Click on ‘Register’ to proceed.
Step 3: Create username and passwords
Once you provide your personal information and register, the next page will how you that your account has been set up. You will be asked to create a username and password with which you will access your account.
Step 4: Deposit funds into your account
To start trading, you need to fund your OptionFair account. First, sign into your account using the username and password that you have created above. At the top right hand corner, click on the ‘Deposit’ button.
You can choose a number of options through which to deposit your funds. These include MoneyGram, credit card, wire transfer and other alternative methods.
Whichever method you prefer, you will be asked to provide your personal information and other information specific to your method of funding—provide accurate information to ensure your account is funded as soon as possible so you can start trading.
Advantages of Opening an OptionFair Binary Options Account
· Regulated- This binary options broker complies with regional and international standards including the MiFID and is licensed by the CySec.
· Reliable customer support- The customer support team and account managers are easily accessible via email, phone and chat.
· Wide array of trade types- Choose different trade types including boundary, one-touch, short-term, high/low.
· Diverse assets- Access different assets including currencies, stocks, indices and commodities.
· Innovative features- Features such as ‘Early Closure’ let you exit a trade before the expiry time to avoid making potential losses.
· Mobile trading- You can trade from anywhere, at any time using your mobile devices. Access the OptionFair mobile app from the Apple or Google app stores.
· Attractive welcome bonus- When you first open your account and make the initial deposit, you may receive bonuses of between 20-100% of your initial deposit.
· Educational resources- OptionFair offers comprehensive educational resources including eBooks, videos, economic calendar, trading signals and daily news that are very helpful for beginners to get started on the platform.