OptionFair offers assets in four categories: Indices, commodities, forex (currencies), and stocks. These categories are industry standard. OptionFair offers a medium number of assets, which is perfect for most traders.
Many traders seem to believe that they need the fanciest assets in the world to make money with binary options. This is not true. Unless you want to trade a development in a certain field of industry and need a specific asset, you can trade almost every asset of a type in the same way.
Therefore, the desire to have every asset in the world available to you does not generate higher profits. On the contrary, having too many assets available might confuse and distract you, or might make it too difficult to find the asset you want to trade. To become a successful binary options trader, you need these assets:
1) A basic selection of commodities. Gold, silver, and oil are mandatory, everything else is optional.
2) A number of currency pairs that include the Euro, the US Dollar, or the British Pound, plus some minor pairs.
3) Stocks and indices from all over the world. Since every stock exchange only opens for 8 hours per day, you need stocks and indices from multiple time zones to always have an asset to trade. The number of assets matters less than the number of time zones they are from. It is better to have 10 assets from 10 time zones than 100 assets from one time zone.
With their selection of assets, OptionFair fits these criteria perfectly.
Did you know that there are more than 400 operators in the binary options market?
If you are ever unsure of who to choose, we urge you to take a look at our list of trustworthy binary brokers here!