Option Fair Review |
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General info |
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Option Fair is a binary options broker owned by Mika Holdings Inc, a company registered in British Virgin Islands. Mika Holdings is managed by a team of professionals specialized in forex, stocks , commodities and derivatives trading. A group of highly professionals software developers joined their tem and contributed to the creation of an exceptional online trading interface. |
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Minimum investment: 200 USD |
Options profitability: from 70% to 85% |
Option refund if out of the money: 0% to 15% |
| Additional Options: Touch Options and Boundary |
Can trade: Forex, Indices, Stocks, Commodities |
Traders from USA: Not Allowed |
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Main features
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The assets offer available at Option Fair includes five indexes, two commodities (Gold and Silver), nine currency pairs, and seven companies whose shares can be traded online. |
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The expiry times like in many other binary options brokers range from less than one hour to one month. Binary options trading is highly speculative and most positions are closed in maximum few days, so the options with long expiry times (few weeks) are the least traded. |
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Option Fair is currently available in six languages: Arabic, English, French, Italian, , Spanish and Turkish. There are support lines available in all these languages except Arabic. |
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The trading currency is set during the registration process, the traders being allowed to choose between EUR, USD and GBP. The payment methods available at Option Fair include credit/debit cards (Visa, MasterCard, Maestro, Diners Club, JCB), wire transfer and Ukash as unique electronic payment method. |
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The return rates for options expiring in the money are from 70% to 85%, which is one of the highest rates in the online trading industry. A refund of 0% to 15% also contributes to a high profit rate and a lower level of risk. |
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Special features
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Option Fair was the first binary options broker to introduce One Touch and Boundary options in addition to the classic High/Low option. |
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In One Touch options the trader must predict if the price of the asset will touch or not touch a certain level before the expiry time. |
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For Boundary options the trader must choose between “In”, if he considers that the market price will close between the upper and lower price values, and “Out” if he considers that the price will be above or below the price range set for the option. |
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Option Fair is one of the few trading platforms that allows the traders to buy one or both sides of the same purchase far all instruments. This means that you can buy two opposite options for the same instrument. |
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At option Fair the options can be closed at any time before they expire starting few minutes after the purchase so the platform ensures the fairness that inspired its name. |
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