A binary option (sometimes known as a digital or fixed or exotic option), is one that offers a fixed return predetermined at the onset of the contract.

A binary option will always offer a fixed return. optionFair typically returns 70-85% when an option expires “in the money”. On an invested sum of 100EUR therefore an expiry “in the money” will return 170EUR-180EUR to the client.

On a selection of available options, optionFair will refund a percentage of the invested amount even if the option expires “out of the money”.

optionFair offers binary options on various internationally traded financial assets including currencies, indices, stocks and commodities. See Asset Table.

optionFair currently offers three instrument types:

• High/Low
• One Touch
• Boundary

For a fuller explanation of how to trade these instruments see the Trader Basics page.

The target price (sometimes referred to as the strike or purchase price of an option) is determined by optionFair based on live pricing feeds supplied by Data Provider and represents the price at which optionFair is willing to sell the option. Customers may buy an option on either side of the target price depending upon the way that they determine the asset is likely to move in the market.

The expiry time is the time and date that an option expires. The expiry time displayed to clients automatically adjusts according to the time zone of client.

Purchased options may be closed prior to the normal expiry time of the option up to the “no more trades” time. Closing an option is available within several minutes from the purchase time. (Note Close functionality may not be active at all times and for all options).

The expiry level is the level of the underlying asset at the time of expiry of the asset according to Data Provider. This is the determining level if the option has expired “in the money” or “out of the money”. A different expiry level is determined for each underlying asset. The calculation of the expiry levels is explained in Expiry Calculation.

An option which expires “in the money” is one which at expiry the condition on the option is fulfilled. The following are examples of options expiring “in the money”.

• A High/Low instrument where a high option expired above the target price or a low option that expired below the target price.
• A One Touch instrument where a touch option expired due to the target price being reached or a no-touch option where the expiry time was reached without the target price being reached.
• A Boundary instrument where an inbound option expired between the target prices or an outbound option which expired below the lower target price or above the upper target price.

An option which expires “out the money” is one which at expiry the condition on the option is not fulfilled.

This scenario (possible for a High/Low or Boundary Instrument) is referred to as “at the money” expiry. In such a case 100% of the initial investment will be returned by optionFair to the customer.

The amount of money invested in an option

The maximum investment amount for a single option is 1,000 USD, EUR or GBP.

A minimum investment amount for a single option is typically 25 USD, EUR, GBP, or 2,000 JPY.

There is no limitation placed on the number of options that can be purchased at any particular time. There is however an exposure limit of 2000 USD, EUR or GBP. This limit represents the total value of open positions at any particular time.

•  What currency can I deposit

  It is possible to deposit at optionFair™ in Euro, US Dollars, British Sterling or JPY. The trading currency is selected as part of the registration process and once selected cannot be changed.

•  What is the minimum initial deposit

  The minimum deposit to start trading is 250 USD, EUR, GBP or 20,000 JPY

•  Do I need to make a deposit in order to register

  No deposit is required in order to complete the registration process. However in order to begin trading binary options with optionFair™ the minimum initial deposit of 250USD, EUR, GBP or 20,000 JPY needs to be made.

•  How do I make a withdrawal

  For details of how to make a withdrawal please refer to our banking page.

  Requests for withdrawal will be processed by optionFair™ back to the original fund source. In the event of this not being possible optionFair™ will process the withdrawal by wire transfer to a bank account in the name of the account holder. For full details see banking page.

•  Is there a minimum withdrawal amount

  The minimum withdrawal amount is 100 USD, EUR or GBP. optionFair provides you with one withdrawal per month that is exempt from commission fees. Any additional withdrawal within the same month will be charged a fee of 30 USD, EUR or GBP.

•  Can I cancel a withdrawal

  Withdrawal requests that have not been processed by optionFair may be canceled. In such a case the requested sum will be returned to the customer balance.

Simply click on the new user button on the homepage and follow the simple registration steps.

If you forget your password click on the Forgot your password button at the top of the homepage and follow the steps. Your password will be sent to the email you indicate provided it matches the original address that was provided when you registered. If you forget your user name please contact our Customer Services team by phone or by email: CustomerCare@optionfair.com

If your address or other details change, please login to your account and update your details online. Alternatively you can contact us CustomerCare@optionfair.com

Account balance can be viewed within the “My Account” section available to registered users.

Complete transaction history can be viewed within the “My Account” section available to registered users.

Historical tick data is maintained for 7 days on all expired options. This data can be accessed by clicking on the expiry price within the trade history section.

Any standard PC with an internet connection may be used. No additional software download is required onto your computer in order to start trading. optionFair™ recommends usage of Internet Explorer (IE7.0, IE8.0), FireFox (v3.5, v3.6) or Google Chrome (v4.0) as the internet browser. Java script must be enabled to trade in our site.

Flash player needs to be installed to view all site elements.

All data transmitted between your computer and optionFair™ is securely passed over the Internet using 128bit SSL encryption certificate provided by Thawte.

optionFair™ is a trademark operated by Mika Holdings Inc, a company incorporated in the British Virgin Islands with globally located offices. Mika Holdings Inc is owned and managed by a seasoned group of professionals, specializing in the fields of financial options, commodities, derivatives, stocks, forex trading, online marketing, software research and development.

If you have a problem you can always contact our technical support center.