Do you want to start trading binary options? Then you should know the OptionFair minimum deposit requirements.
The minimum deposit defines how much money you have to deposit into your account at least with each deposit. While most brokers use a general minimum deposit requirement, with Option Fair, the minimum deposit amount depends on the deposit method you are using:
As you can see from the list above, the minimum deposit varies greatly depending on the deposit method you use. With credit card and ewallets, you can deposit $250, wire transfer requires at least $500, and MoneyGram and Western Union even require $1,000.
For many traders, the high minimum deposit of MoneyGram and Western Union make these methods almost unusable. While wire transfer is cheaper, it is by far the slowest deposit method, with deposits taking up to 10 days, and still requires twice as high deposits as credit card and ewallets.
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!
Credit card / debit card and ewallets are by far the best deposit methods with OptionFair, for these reasons:
All deposit methods are free of charge. You do not need to worry about fees when choosing your deposit method.