Opteck Review 2018
Due to numerous complaints regarding Opteck we have decided to revoke our endorsement of this provider.
We recommend you check out our top rated list and avoid being their next scam victim.
- US Traders
- 70+ Assets
- 2-4 Day Payouts
- Mobile Friendly
- Low Deposit
Opteck is owned by Centralspot Trading Limited Limited and registered in 2011, they have a main office located in Cyprus. As a Cyprus Securities and Exchange Commission regulated broker, they take safety and security seriously, operating under license number 238/14 and using SSL encryption protection. Through the protection of firewalls and adherence to security regulations, Opteck provide a safe and secure trading environment for both new and more experienced traders.
Opteck provides an intuitive and straight forward platform for traders of all skill levels. Their goal is to provide a simple yet profitable process with an abundance of educational materials and high quality customer service.
Traders value Opteck as a broker for their attitude toward simplicity and usability. From a technical perspective the platform has been designed to work in the most effective and fluid ways possible. The team work to create an easy to use platform in combination with an extensive selection of educational resources to develop a trading platform that is both functional for professional traders as well as simplistic and enticing for novices who are just starting out.
What makes this a great broker to choose? In this Opteck review we will cover:
- How to make the most of this broker's selection of account and trade types
- What educational content Opteck provides to assist in their trader's development
- The benefits of a trading platform that prides itself on simplicity and ease of use
Opteck continues to deliver through simplicity by offering six different account types with escalating and varying benefits. This structure makes it easy for traders to quickly assess the most suitable account type for them. In addition to the six standard tiers, there is also a free Opteck demo account as well as separate Islamic accounts.
As the most basic account option, the Green Account is an excellent starting point. Providing educational resources alongside customer support, the Green Account also offers a 25% starting bonus to traders meeting the criteria.
Building up from the Green Account, this option ups the welcome bonus to 35% and also includes an e-book, a $5,000 demo account, and a personalized introduction session with an Opteck Junior Account Manager.
Touted as Opteck's "best value" account choice, the Silver Account packs a punch with a wide array of added benefits included. As well as all features offered by the Bronze Account, silver also includes an introduction webinar, a $10,000 demo account, 10 to 20 Trading Signals a day, a 45% welcome bonus and an introductory session with one of Opteck's senior account managers.
For an even larger array of features, the Gold Account builds upon silver by increasing the welcome bonus to 65%, the demo account to $15,000, and 20 to 30 Trading Signals per day. Additional webinars, resources and both introduction as well as a strategy session with a senior account manager is also included.
The Platinum Account ups the game once more for more professional and experienced traders with the benefit of an introduction & Strategy session with an Executive Account Manager to really get started on the right foot. With an 85% welcome bonus, $25,000 Demo account, 30-40 trading signals each day as well as a handy +1% additional payout. But it's the private sessions made available with senior analyst as well as a high-priority access hotline that take this account type to the next level.
For traders who are really serious about what they are doing, the highest tier Black Account offers an impressive 100% welcome bonus, $50,000 demo account, 4 Illuminating webinars and between 40 and 50 trading signals per day. Black Account brings the fully tailored experience with a priority access hotline and regular sessions with one of their senior analysts.
Trade Types And Payouts
Opteck provides excellent information and support to trade simply and effectively across over 70 asset choices and the payouts provided range up to 85%. They stay true to their simplicity model and place their focus on a limited number of trading options, including a fully featured demo account for all users.
Opteck focus mainly on high/low trading, the most commonly used trading type, where traders have the option to call or put on an asset.
One Touch Options
In one touch trading the asset does not need to stay above or below a certain rate, just needs to touch upon it.
Range options allow a trader to choose whether they believe an asset will end up within a predetermined range.
Quick options mean traders can participate in fast trades ranging from 30 seconds up to 60 minutes.
Bonuses And Promotions
Opteck pride themselves on a variety of bonuses and promotions on offer. With each incremental tier of membership type, traders can begin with a welcome bonus ranging from 25% up to 100%.
In addition to welcome bonuses for both new members, This broker is frequently running other promotions, competitions and Opteck bonus opportunities to keep traders both new and experienced on their toes and incentivized.
Trading on the go is made popular and accessible thanks to Opteck's cloud based responsive platform. All you need is an internet connection and the mobile responsive browser based app will work across all your devices without needing to install any special software.
However, if dedicated software is preferred, then Opteck deliver. With mobile apps for both Android and iOS (iPhone and iPad) as well as PC software and bespoke tablet apps, no matter the device, there is a trading platform to suit a wide variety of needs. Grab it for free at the Apple App Store or Google Play Store depending on your device.
Deposits And Withdrawals
Traders are provided with a multitude of options for both withdrawing from, and depositing into Opteck. Their minimum deposit at this time is set at $250.
Withdrawing your funds is secure and fast and Opteck support a range of currencies as well as a good selection of withdrawal methods, such as cashU, credit cards, webmoney, and bank wires. All withdrawals bring with them a 3.5% service fee, and the maximum withdrawal service fee cap is $3,500. Platinium, black and VIP account holders receive their first withdrawal at no charge. We deposited and withdrew funds on two occasions and there were no withdrawal problems for our reviewer.
One of the most notable special features of Opteck is their commitment to guidance and education. With a comprehensive education and information center, traders of all account types have easy access to an abundance of learning materials, right at their fingertips. Different account types also come with additional learning materials such as e-books and illuminating webinars.
Guiding customers through processes and strategies is a feature offered through varying levels of check in, support and strategy meetings. Depending on account level, varying from introduction sessions with junior account managers all the way through to weekly sessions with senior analysts.
As well as comprehensive client service and support, traders are often impressed by Opteck 's clean and intuitive interface that runs smoothly across a multitude of platforms.
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The high level of customer support contact provided is one of the key selling points of this trader. 24 hours a day friendly customer service personnel are available to help with questions, comments and trouble shooting.
Customer service representatives can be contacted via phone, email or live webchat from the website or one of the many other device platforms. Opteck strive to create a supportive and educational customer service environment and do so through providing additional expert support.
Through the different account types, different levels of support become available. The higher tier platforms get access to a range of customized and on call personalized customer service and dedicated support, as well as introduction sessions with both junior and senior, depending on account type, account managers.
As well as the accommodating range of customer support available, Opteck plays host to an abundant training and education area which through a variety of online resources as well as a comprehensive FAQ, help traders to improve their knowledge and strategies.
We're going to complete our Opteck review here. Opteck is a user friendly and stream lined platform developed to create an efficient and innovative trading system for customers around the world. Due to their enticing selection of account types it is possible to find the type of trading account that best suits a traders needs, wants and individual experience level.
This easy to use platform takes pride in functionality, and is created by a team of expert traders who wanted to replicate what they feel is most important in a trading platform - efficiency, usability and functionality. It's on this front that Opteck delivers and sets itself apart from the crowd.
During our numerous test carried out we didn't find any red flags or serious complaints that would imply this broker isn't legit or involved in scams and with a variety of bonuses and incentives offered, Opteck is an attractive option for traders who want to maximize their potential through the use of numerous welcome bonuses and other competitions.
Providing comprehensive training and educational resources is a core focus for this brokerage, who compile a wide and informative variety of training materials spanning online documents, ebooks, webinars and a large number of archived frequently asked questions for curious traders to refer to.
Opteck is committed to providing exceptional customer service through multiple channels, and providing users with a practical range of different account types and tiers. Thanks to a commitment to practicality and simplicity, this trader is an excellent choice for those seeking a fluid and effective way to trade.
Reviewed by: BinaryOptionsExpert.net
Frequently Asked Questions
Is Opteck legit, will they scam me?
Opteck are a well-respected, reputable broker that have been in the industry for some time. They have all of the benefits you would expect from a good binary options broker including welcome deposit bonuses, a demo account with various levels of virtual money and a good mobile offering with both an app and a mobile responsive website. All brokers are thoroughly checked out and review by us before we make our recommendations and Opteck is a broker that we are happy to put our name to.
Do they have a decent mobile or tablet app?
The website is optimised for mobile meaning that traders can simply visit the website through safari and begin trading. For those that prefer an app there is an app available on the App Store for iOS and on Google Play for Android. In fact you don't need to go looking for the app as when you log onto the mobile site there is a fairly prominent button which will allow you to download the app on either type of device.
What bonus do they offer new traders?
The bonuses vary depending on the account opened. The bonuses range from 25% with the basic of the six available accounts which is the green account, 35% with the bronze account and then it goes up in increments until you reach the top account which is the black account and offers a whopping 100% match bonus. They also run regular contests and incentives with other bonuses on offer.
Can I start trading on a free demo account?
Opteck offer both the demo platform and the regular platform with the demo account structured according to the size of the account you open. With 6 accounts, comprising of the green, bronze, silver, gold, platinum and black, the size of the demo account ranges from $5,000 to $50,000. The Opteck demo account begins at the bronze level with $5,000 of virtual cash available to trade with. Of course any winnings are as virtual as the cash you are trading with.
What's the minimum deposit and trade amount?
It is not uncommon to see a minimum deposit requirement of $250 from a binary options broker and Opteck is no exception. They have 6 accounts starting off with the green account which requires the $250 deposit. The minimum trade also depends on the size of the account with the absolute minimum being $25. If you have a black account which is the top of the six accounts you can expect to pay a minimum of $250 per trade.
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