Opteck Review

Opteck was founded in 2011 and it has had great success in the binary options market since then. They have managed to create an image of a trustworthy and reliable broker, that serves both beginner and professional traders. Opteck, unlike other brokers, has its own platform which is practical and designed solely for this purpose. Opteck has customers from over 80 countries around the world, they are regulated by CySEC and therefore we can say with a high degree of confidence that they are almost certainly not scamming customers. We will still go through their site and platform with our deep analysis, and see the differences they have when compared to other brokers. Opteck does not accept US traders, in case you are from the US, we recommend you check the following brokers: CTOptionPorter FinanceGOptions and Bloombex. To make this article more useful, I recommend you first open an account on Opteck by clicking the button at the top of this page. And as you read, you can test the features at the same time.

Opteck Introduction Video

Opteck in a Nutshell:

  • Broker: Opteck
  • Platform: Market Pulse
  • Founded: 2011
  • Bonus: Up to 100%
  • Return / refund: 65-85% / 0-15%
  • Number of assets: +100
  • Minimum deposit: $250
  • Regulated by: CySEC
  • US traders: Not accepted
  • Demo account: Yes
  • Expiry times: 60 seconds, 5 minutes, 15 minutes, hourly, daily, weekly, end of the month, end of the year
  • Deposit: Multiple credit cards, Visa, Mastercard, bank wire, Skrill, Moneybookers

 

Bonuses and Account types

Opteck will give a bonus (for the initial deposit) ranging from 25% all the way up to 100%. Opteck has six account levels, which are determined according to the amount of the initial deposit. The account types are named Green, Bronze, Silver, Gold, Platinum and Black.

Green Account: Deposit $250-$499

  • Bonus: 25%
  • Customer service, live chat, phone and email
  • Daily market analysis
  • eBook about binary options trading
  • A variety of video courses (22) about binary options trading topics

Bronze Account: Deposit $500-$999

  • Bonus 35%
  • Customer service, live chat, phone and email
  • Daily market analysis
  • eBook about binary options trading
  • A variety of video courses (22) about binary options trading topics
  • Session with junior account manager
  • Demo account for risk free trading

Silver Account: Deposit $1,000-$4,999

  • Bonus 45%
  • Customer service, live chat, phone and email
  • Daily market analysis
  • eBook about binary options trading
  • A variety of video courses (22) about binary options trading topics
  • Session with junior account manager
  • Demo account for risk free trading
  • 10-20 signals daily
  • Daily market analysis to email
  • Webinar related to market liquidity
Silver account is our recommendation for a proper account type

Silver account is our recommendation for a proper account type

Gold Account: Deposit $5,000-$9,999

  • Bonus 65%
  • Customer service, live chat, phone and email
  • Daily market analysis
  • eBook about binary options trading
  • A variety of video courses (22) about binary options trading topics
  • Session with junior account manager
  • Demo account for risk free trading
  • 20-30 signals daily
  • Daily market analysis to email
  • Webinar related to market liquidity
  • Webinar about psychology of trading
  • Strategy session with senior account manager
  • 1% more profits for reach trade
  • Automatic alert messages for upcoming market events

Platinum Account: Deposit $10,000-$24,999

  • Bonus 85%
  • Customer service, live chat, phone and email
  • Daily market analysis
  • eBook about binary options trading
  • A variety of video courses (22) about binary options trading topics
  • Session with junior account manager
  • Demo account for risk free trading
  • 30-40 signals daily
  • Daily market analysis to email
  • Webinar related to market liquidity
  • Webinar about psychology of trading
  • Webinar about diagrams and graph analytics
  • Private session with senior analyst
  • 1% more profits for reach trade
  • Automatic alert messages for upcoming market events
  • Hotline for any help

Black Account: Deposit $10,000-$24,999

  • Bonus 100%
  • Customer service, live chat, phone and email
  • Daily market analysis
  • eBook about binary options trading
  • A variety of video courses (22) about binary options trading topics
  • Session with junior account manager
  • Demo account for risk free trading
  • 40-50 signals daily
  • Daily market analysis to email
  • Webinar related to market liquidity
  • Webinar about psychology of trading
  • Webinar about diagrams and graph analytics
  • Kick off session with leading account manager
  • 2% more profits for reach trade
  • Automatic alert messages for upcoming market events
  • Webinar about strategies in trading
  • Weekly private session with senior analyst
  • Hotline for any help

Demo Account

Opteck offers a demo account for account levels Bronze and higher. With a demo account, you can practice trading totally risk free. After getting to know the platform and gaining more confidence, it is only a small step to move forward to actual trading.

Features of the Broker site

Payouts range between 60% and 85%. The upper level, 85%, is more than the average among major broker sites. One touch options reach up to 400% payouts which is awesomely high.

For traders to minimize their losses, Opteck offers refunds up to 15% as a cash back for out of the money trades. When trades are not winning, there is a way to get some of the traded amount back.

Early close is another feature on Opteck, it allows traders to close the option before it expires. If it seems inevitable, that it will not be a profitable investment and you are about to lose that trade, then you might want to close it early and get some of the traded money back. This is one way of minimizing losses when the market is not behaving as you expected.

There are around fifty stocks available and the list includes well known global brands and companies from all over the world. Also, several industries are represented so that a trader will find those that he has special knowledge about.

There are around thirty currency pairs to choose from. Most common currencies including EUR, USD, GBP, CAD, AUD, JPY, NZD, CHF, TRY and ZAR are available.

The commodities list includes all the most common traded commodities, such as corn, wheat, coffee, gold, copper, silver and some rarely used commodities such as crude oil and natural gas.

opteck trading

Opteck trading platform view

How to Trade 

Opteck offers several option types including quick options, high/low, range and one touch. The one touch and range options offer the best payouts, over 100%. The quick options range from thirty seconds to sixty minutes. Other option types offer longer expiration times.

The trading itself is very straightforward and is operated right in the trading room. The trader chooses the asset he wants to trade, the expiry time when the option will end and whether the price will go up or down. With the range and one touch options, there are certain limits about where the price should rise or fall. When a trader believes that it will happen in the given time frame, he should invest in it.

For regular options the minimum trade is $25 and the maximum is $10,000 which should satisfy even “high-roller” traders.

Educational Material and Tools

Opteck academy offers a wide range of material for learning, there are plenty of courses to choose from.

Opteck provides several video courses in their trading academy. There are seven courses for beginners, eight for advanced traders, four in-depth courses and three advanced in-depth courses.

  • Beginner courses are about the importance of learning, global trading, advantages of binary options robots, trading, change and risk, emotions in trading and the distribution of risk.
  • Advanced courses handle issues such as passive trading, aggressive trading, market analysis, trend, support and resistance, shooting star and Harami patterns, pattern identification, and breakaway for pattern features and characteristics. These are very useful, especially for beginners.
  • In-depth courses are about binary options, trading psychology, financial management, and market analysis.
  • Advanced in-depth courses are about winning tactics, and basic and advanced technical analysis.

Opteck also offers an ebook in which they have comprehensively gathered all the important information.

Supportive material is comprehensive

Supportive material is comprehensive

Mobile Trading

Even though Opteck uses their own platform, and not the popular SpotOption platform, they have managed to create their own mobile version of their platform and it is the same and will allow you to use all the same features as the browser version.

The mobile version is accessible through the App Store and Google Play. You will only need the login information from when you registered beforehand. You can create an account easily through the links on this site.

The mobile version is as easy to use as the browser version

The mobile version is as easy to use as the browser version

Is Opteck a Scam or a Proper Broker?

Having been in the industry for six years and under the regulatory eye of CySEC, Opteck is definitely not a scam. They wouldn’t have created their own platform if they weren’t trying to be the best broker in the industry. Their payout policy is clear and the platform works well, even for the most demanding traders.

Customer Service

Opteck customer service has phone support for about fifteen languages including Russian, Spanish, Arabic, Greek, Malaysian, and the most common languages from Europe. They also allow direct emails to the analyst desk, the customer department, technical support, the trade department, the risk management team and so on. This is way more thorough than what most other brokers offer. You can directly contact the department that can deal with the issue. This also speeds up their services overall. When we tested, they replied to email within a couple of hours.

Banking

There are several deposit and withdrawal options, including multiple credit cards, Visa, MasterCard, CashU, Diners, Visa Electron and Maestro. Wire transfer and WebMoney are also available. Wire transfers have some additional fees so we recommend using credit cards or WebMoney.

Deposits and Withdrawals at Opteck

Once you have registered yourself with the Opteck, the depositing funds in the account is a hassle free experience. All you need to do is click on the deposit button, enter the amount you want to deposit and select your preferred mode of payments to complete the transactions. The Opteck uses SSL protocol to encrypt all the transaction ensuring the safe and secure process for the financial handling. The brokerage house accepts payments through a variety of methods including credit or debit cards, wire transfer, and digital payment methods.

The Opteck accepts all the major Visa and MasterCard for the payment. It also accepts payments through Skrill, Neteller, and several others including Alipay, ePay, PaySafe amongst others. The brokerage house requires you to deposit a minimum of $ 250 to start trading on the website. It accepts the payments in either USD, EUR, GBP or JPY, and the trading currency cannot be changed once selected. The fund deposition in the Opteck website does not attract any fees.

The broking company rigorously follows the Anti-Money Laundering and Know Your Customer guidelines in order to assess the legitimacy of a trader. The company requires you to fulfill these guidelines before initiating a withdrawal request from the website. The website requires a scanned copy or a photocopy of your ID card, proof of residence, and if a payment has been done through credit card or debit card then you must supply a front and back copy of the card used for making the payment.

The organization allows you to withdraw a minimum of $ 50 or in equivalent currency. The traders who are members of the Black and Platinum accounts are granted their first withdrawal free of charge. The withdrawals are subjected to a higher of $30 or a 3.5% of the withdrawal amount. However, the maximum charge is capped to $ 3,500 per transactions.

The withdrawals are processed to the same payment method unless the withdrawals are not possible through the same method. In a scenario where the withdrawals cannot be processed to the same mode, then they will be processed through the wire-transfer.

The Opteck does not put any cap on the maximum withdrawal amount, however, it limits the amount to the available funds in the account. The financial dealings on the Opteck website is a convenient and secure process.

General FAQ on Opteck

Who is the promoter of the Opteck?

Opteck is owned and operated by the Centralspot Trading Ltd having its registered office at 6 Tassou Popadopoulou, office 22, 237, Agios Dometios, Nicossia, Cyprus. The parent company has received its regulatory license from the Cyprus Securities and Exchange Commission having license number 238/14.

The financial transactions on the website are processed by CST PA Services Ltd, situated at Loanni Stylianou 6, 2nd Floor, Office 202, Nicosia 2003, Cyprus.

What are the types of options available for trading in Opteck?

The Opteck offers the most popular option types like Quick Options, High/low, Range High/Low, and One-touch options.

What are the available assets?

The brokerage house offers more than 100 assets for the trading. Traders are allowed to invest in a real-time on financial instruments including stocks (Vodafone, Facebook, HSBC, Google, etc.), Indices (DAX30, CAC40, NASDAQ etc.), Commodities (Oil, Silver, Gold, etc.) and Currency pairs (EUR/CHF, EUR/USD, USD/JPY, etc.)

Is there any cap on a maximum and minimum investment amount per trade?

Yes, the Opteck limits the maximum and minimum investment amount per trade. The permissible limit which can be spent on a single position ranges from $ 25 ~ $10,000 and it depends upon the type of account you hold.

How can I select the specific account type?

The Opteck offers six variants in the account types. The account types can be selected with the amount of deposit you make. Following table describes the deposit requirements to be eligible for a specific account type.

Opteck Accounts

Is Opteck a licensed broker?

Yes, the parent company of the 24Option website, The Centralspot Trading Ltd holds a license issued by the Cyprus Securities and Exchange commission having license number 238/14.

How can I connect with their customer support representative?

The Opteck provide the most popular communication methods for their customers to connect with the support staff. The customers can use e-mail, phone or a live-chat option to get their query resolved. The registered members can connect through e-mail, and phone.

The customers are offered Islamic Trading on the Opteck trading platform, and it offers sharia-compliant trading opportunities for the interested customers.

Can I access the Opteck website in a regional language?

Currently, the website is available in 7 other international languages besides the English. They are Arabic, French, Japanese, Italian, Polish, Turkish, and the Russian language.

5 Reasons to Select Optec as a Preferred Partner

Since the advent of binary and derivative trading, the market has seen an unprecedented rise. The current market scenario has more 400 offerings from several brokers, and this has definitely helped the traders to test some of the state of the art platforms. The Opteck is one such brand which has provided state of the art trading platform to their customers and has been improving since its inception. The platform offers hundreds of assets ranging from currencies to commodities and stocks to indices. We have funneled down the main reason to select the Opteck as a preferred partner.

Regulated broker

This is the first and foremost thing one must look for in a broker. A regulated broker is less likely to be a scam than an unregulated broker. Our research on the Opteck has revealed that it has got a regulatory approval from the Cyprus Securities and Exchange commission, a government body authorized to license the financial transaction in the European Union. This ensures that the traders can remain 100 percent sure about their funds as their funds are kept in a separate account than that of the company’s account. This gives a sense of security and trustworthiness to the traders about the brokerage house.

Being a regulated a broker, the Opteck has to follow strict rules and regulations amended time to time by the CySEC. If it would have been a scam it wouldn’t have survived in the thriving market for such a long time, as it has been operational since 2011.

State of the art platform

Another compelling reason is that it has one of the most modern technological advanced platforms for the traders. The online trading platform is feature rich and provides convenience and user friendliness. It is developed with some very advanced and smart tools like technical charting which can be customized to suit your needs and your trading style.

The platform also provides features like economic calendar, trading signals for the traders, price alerts, single click execution, along with social trading tools. The platform is also equipped with smart risk management tools like stop loss and profit tools to make the trader’s life easier.

The platform allows the traders to view the history of their financial and trading transaction with a single click and can generate a report with many customizations to suit the needs. The platform design is customer centric and requires a very little effort to master the nitty-gritty.

Robust education material

One of the biggest advantages of the Opteck is that it has the most resourceful learning material for naïve to advanced traders. The material provided on the website include video tutorials, e-books, articles, and other professionally developed learning tools. The website also allows you to register for an online webinar to learn techniques and strategies of the market.

Above all, the brokerage house allows you to enroll for their one-on-one session with them. These sessions are conducted by in-house market experts who provide up to date market information about various assets and trading sessions. Any naïve traders joining the Opteck can gain knowledge and become a professional trader with the learning resources.

Comprehensive asset list

The Opteck website gives you an instant access to hundreds of assets from major categories to select and trade for. The list of assets includes popular commodities, stocks, indices, and currency pairs.

The broker offers stocks like Alcatel, Banca Generali, Carrefour, Dell, Deutsche bank, eBay, Facebook, Google, Apple, Vodafone, amongst several others. It also allows trading in the commodities like Corn and Coffee besides precious metals and other popular commodities. Not only that, the website allows the trader to bet on popular world indices like DAX, CAC, DOW Jones, amongst others. Not to forget, the broker allows the traders to trade in the most popular and most liquid currency pairs like USD/EUR, USD/GBP, USD/JPY, amongst several others.

The comprehensive trading asset list is sure to make the life easier for the traders as they can diversify their risk amongst various categories of assets.

Robust Customer Support

The Opteck take prides in its robust customer support system. The support staff is well-equipped to answer all the queries related to the trading, and they ensure that their customers remain happy. The brokerage house offers seamless deposit and withdrawal experience and in the case of some issues, they are available round the clock to aid you in your difficulties. Our experience with the support staff has been very encouraging and they can be contacted by way of e-mail, phone, live-chat, and through web-forms.

Finally, the consistent performance on the customer service front and their comprehensive assets list put them in the prime league of operators in the trading arena. Their substantial education resources and state of the art platform along with they being licensed from the most reputed authority acts as jewels in their crown.

Conclusion

Opteck has proven to be one of the premium brokers in the industry. Their excellent customer service is easily reachable when help is needed. They have also successfully launched their own platform. A couple of features such as ladder options, could have been included but in general all the features are there and are working perfectly. Banking is quick and easy and most of the common methods are supported. The bonuses and educational materials provided are top notch. They are a regulated and extremely trustworthy broker site and therefore we most warmly recommend their services to everyone.

Overall review we will give Opteck 4,8 stars out of 5 as binary options broker site.

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Written by Michael Allen

Michael Allen Gives Overall Rating:

Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.