Opteck is a CySEC regulated binary options broker that launched in 2011. It guarantees safe trading practices and offers great bonus incentives to its clients. The Scam-Rank team decided to evaluate if Opteck is indeed a genuine broker – or is it another scam on the market?
Is Opteck a Scam or Not?
The background check regarding Opteck was ample and it gave us general summary of its credibility. We discovered that Opteck.com is operated by Centralspot Trading Ltd., controlled by CySEC with a license number 238/14. Remember that the control by a legislature administrative organization does not imply that the broker is completely dependable, yet beyond any doubt, it gives the traders more certainty and some security. All things considered, we went the distance going about as a mystery client. We opened an account and conducted numerous transactions to review their platform. We are happy to inform you that our team did not confront a specific concerns.
We uncovered a couple negative remarks online about Opteck. There is no chance of knowing which remarks are authentic and which are from other broker opponents. The majority of negative remarks were about the withdrawal process experienced with Opteck– the transfer time of money is longer than anticipated.
Although a few traders may have experienced such an inconvenience, needless to say the complaint was resolved and the withdrawal was funded to their account. Sometimes, traders do not read the Withdrawal Policy very thoroughly as there may be a mention of a possible delay of another business day or 2. This can result in miscommunication between the broker and the client. In the case of Opteck, such instances are rare so you shouldn’t be concerned. It’s good to know though that any complaint will get addressed very promptly.
Opteck Trading Platform
Opteck is quite unique as it uses the Market Pulse trading platform. Although not common, this platform is SSL secured, so feel safe with your information. Opteck provides 4 option types clients can trade such as High/Low, One Touch, Ranch and Quick Options. You can trade from over 100 assets and they payout is very generous – up to 85%. Also, this broker’s platform is also web-based and available as a mobile app for both iOS and Android devices. To get the mobile app, you must have an account first that is active and you can access your dashboard from anywhere!
Opteck has progressed incredibly in its endeavors to offer a secure and seamless trading service solution. Right now, their one of the leading binary option brokers because they continuously progress to achieve customer satisfaction with their platform set up and innovative features. The site is easy to explore and traders affirm that Opteck platform is straightforward and quick to respond. You can find impressive the assortment of the features available and the asset rates are upfront to utilize and control. The required trading minimum is only $25.
Traders can enhance their trading strategy if they check out the educational section of the site. These materials are accessible to all interested traders to help them create an optimal trading plan. Additionally, Opteck provides daily technical analysis that is accessible for traders in order to help evaluate trading opportunities during the day.
Opteck Account Types and Bonuses
- Green Account– min. deposit $250 – $499. Includes 25% welcome bonus, Live Chat support, daily market analyses and learning resources.
- Bronze Account– min. deposit $500 – $999. Includes 35% welcome bonus, account adviser, free demo account and free extra learning resources.
- Silver Account– min. deposit $1,000 – $4,999. Includes between 10-20 trading signals per day, 45% welcome bonus, free demo account, webinars, eBook and account adviser.
- Gold Account– min. deposit $5,000 – $9,999. Includes 20-30 trading signals per day, 65% welcome bonus, free demo account, webinars.
- Platinum Account– min. deposit $10,000 – $24,999. Includes 30-40 trading signals, 85% welcome bonus, free demo account, 1-to-1 sessions with senior analyst, min. trade amount is $100.
- Black Account – min. deposit $25,000 – $50,000. Includes 40-50 trading signals, 100% welcome bonus, free demo account, webinars and 1-to-1 session with executive account adviser.
Opteck offers a free demo account which explains various elements such as indices, commodities and currencies in one shot. You can use this free account to test some of features on the platform prior to officially signing up. Many reputable broker’s provide this incentive as they understand you need to try out a platform to make sure it suits your trading needs.
When you sign up with Opteck, you are able to opt for their Cash-Back Welcome Bonus, which could make you about 25%-100% of your initial investment. Just so you know, in order to withdraw your earnings, you will need to trade about 20 times the amount. Opteck also has a great Refer-A-Friend program that will earn you 5% of your friends initial deposit. Keep your eyes open, Opteck does many holiday promotions and competitions with lots of cash prizes. Of course, there are certain terms and conditions that apply. Just make sure you read the policy thoroughly and speak to a customer representative for clarification.
Getting Started with Opteck
- Free Sign Up – Fill in your details by registering, then to begin trading you must deposit the minimum amount of $250.
- Place Trades & Earn – Now you can choose an asset, select “Call” if they predict the price will rise, or “Put” if they expect it to drop, enter the trade amount and choose an expiration time, and wait for the results.
- Withdrawal Procedure – you must submit a Withdrawal Request Form, specify the amount and payment method, and then complete the required details.
Deposit & Withdrawal Process
Opteck requires a minimum deposit of 250 USD/EUROs to activate you account. This is average in the industry. They offer various methods such as Credit/Debit card, WebMoney, CashU, Bank wire, PostePay and Moneybookers, Western Union, Neteller as deposit and withdrawal methods.
Their withdrawal procedure entails a very straight word approach and is standard compared to other binary options brokers. You must provide the required documentation listed in order to proceed withdrawing funds from your account. The documentation includes You a copy of a valid ID or passport, and utility bill with proof of address. These are all standard requests required due to this broker being CySEC regulated.
Also, the minimum withdrawal amount is low compared to other brokers. It is 50 units in the currency have chosen when you signed up. Make sure to choose the appropriate currency unit when you open your account as you cannot change it later on. We suggest you consider Opteck’s alternative payment methods because it is known, that wire transfers in general take the longest time.
Customer Support Service
Opteck has a very attentitve and responsive customer support system. You can reach them via email email@example.com , live chat or telephone +44 (0) 844 484 2545. Further more, if English is not your native laguage, the Opteck website is supported in Arabic, French, Italian, Japanese, Polish, Turkish, Russian. Also, for any issues you may face, you can contact their Department of Complaints directly at firstname.lastname@example.org.
We find Opteck to provide outstanding services for trading binary options. It is highly reputable for its ethical practices and straightforward services. We are happy to say that this CySEC regulated and licensed broker has a low amount of complaints, so you don’t have to worry. They are also extremely active and care about their customers’ experience. They constantly strive to add attractive tools and features to their platform, including updating their educational resources so traders stay on top of their game.
Opteck also offers clients a variety of accounts, each with special perks assigned. The withdrawal process is simple and straightforward while supported by various payment methods.
Overall, Opteck provides high quality services and a great platform. We definitely recommend this broker as a great choice for traders of all levels.
- Rich Education Materials
- Excellent Customer Support
- Quick Payouts
- Mobile App For iOS & Androids
- Non-US Traders Only