Opteck Review: is it a Scam, Should You Consider It?

opteck-review

  • Broker: Opteck 
  • Website URL:  www.opteck.com
  • Support Number: +44 2081669895
  • Minimum 1st Deposit:  $250 
  • Minimum Trade Amount $25
  • Payout: 85%
  • Free Demo Account: Open Demo
  • Overall Score 7.1/10

Opteck is a binary options broker that was established back in 2011. Since its creation, Opteck has become a leading binary options broker used by over 40,000 traders globally. The broker has its clients as the top priority and is regulated by CySEC. Opteck has gone to great lengths to ensure that trading binary options is done easily, smoothly, and securely.

Trading Platform

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Opteck uses a platform known as Market Pulse that is SSL secured, easy to use, user friendly that will suit the needs of both beginner and experienced binary options traders. The company offers its services to users in over 80 countries worldwide. The platform is completely web based and mobile applications for Android and iOS are also available.

Tradable Assets

Opteck offers over 100 assets for trading. Traders can choose to trade currency pairs such as USD/JPY, EUR/USD, AUD/USD and many others, stocks such as Facebook, Apple, Google and others, indices such as FTSE, NASDAQ, and others, as well as commodities such as crude oil, sugar, gold, and many others. Opteck offers an impressive collection of assets for traders to choose their preferred ones.

Option Types

Opteck offers 4 types of options for traders to trade including Range Options, One Touch Options, High/Low Options, and Quick Options. The Opteck platform is responsive and simple. The minimum trade size is $25.

Account Types

Opteck offers 7 different accounts that traders can choose from that are presented neatly on the website.

Green Account

To set up the green account you have to make a deposit of at least $250. Green accounts enjoy a welcome bonus of 25%.

Bronze Account

To sign up for the Bronze account, traders have to make a minimum deposit of $500. Bronze accounts enjoy the ability to set up the account as a demo account with $5,000, an introduction session with a Junior Account Manager, and a 35% welcome bonus.

Silver Account

Opteck lists the Silver account as the one with the greatest value. The Silver account requires a minimum deposit of at least $1,000. Silver account holders enjoy a $10,000 demo account, an introduction session with a Senior Account Manager, and a 45% welcome bonus.

Gold Account

The Gold account requires a minimum deposit of $5,000 along with a 65% welcome bonus. Gold account holders enjoy 20 to 30 signals daily, an introduction session with a Senior Account Manager, and +1% extra payouts.

Platinum Account

The Platinum account requires a minimum deposit of $10,000 along with an 85% welcome bonus, a $25,000 demo account, 30 to 40 signals daily, +1% extra payout, and an introduction and strategy session with a Senior Account Manager.

Black Account

Opteck offers the Black account as its premium account that requires an initial deposit of not less than $25,000. Black account holders enjoy a 100% welcome bonus, 40 to 50 signals daily, and +1% extra payout.

Opteck charges no setup fee, has no spreads, no hidden charges or fees, and all accounts are entitled to webinars, alerts, phone and chat support, a free eBook, and much more.

The demo account that Opteck offers is particularly important for beginner traders since they get to learn more about the behavior of the market and proper money management under real market conditions but without risking their own money.

Opteck has also provided an Islamic account for traders of the Islamic faith. The Islamic accounts offer the benefit of trading interest free. The Islamic account is available for any of the other accounts including black, platinum, and Gold.

Deposits & Withdrawals

Depositing into an Opteck account can be done using various methods such as credit cards, Skrill, CashU, Western Neteller,Union, Webmoney, and Bank Wire transfers.

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Withdrawals can be made using a variety of methods including Western Union, CashhU, Webmoney, credit cards, and bank Wire transfers. The procedure for withdrawing is quite simple and takes just 3 business days. The minimum withdrawal amount is $50 and is subject to the currency of the user’s account.

Education

One of the best ways of gaining trading knowledge and skills is through learning from experts. By simply registering on the Opteck website, traders have an opportunity to participate in four webinars on Trading Strategies, Chart Analysis, Trading Psychology, and Money Management.

On the landing page, the Opteck Academy post monthly, weekly, and daily financial news analysis. If you would like to look back at past news, it is possible to do so.

In the analysis section, you will find both fundamental and technical analysis posted and it contains useful information that both beginner and experienced traders will find useful.

Opteck offers a ton of educational videos to watch. In addition, binary options trading webinar days are listed right there on the webinar calendar. Traders also receive textual explanations of the different trading strategies and an eBook that can be either read directly from the website or downloaded.

Customer Support

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Opteck offers customer support in form of call back and Chat. Telephone support is also available at over 15 different locations and in multiple languages. Email support is also available for various departments at the broker’s headquarters. Besides English, Opteck provides support in Russian, Polish, Japanese, Italian, French, and Arabic. The broker has also provided a Department of Complaints that traders can make use of.

Conclusion/Recommendation

Opteck is considered as one of the leading binary options brokers in the industry. The fact that it has an extremely low number of complaints lodged against it and the fact that it is regulated by CySEC all strengthen this notion.

Opteck offers its clients a simple but secure trading platform along with a wide variety of trading options and assets. The comprehensive educational materials it offers offer important solutions for new traders that would like to gain new trading skills.

Opteck’s advanced technology present the company as the ideal solution for those that would like to start trading binary options online whether by using a trading robot or doing it manually.

Opteck is an amazing binary options trading platform and is highly recommended for both beginner and experienced traders alike.

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