Opteck Review

Review

Opteck is an online brokerage firm trading CFDs on Forex, stocks, commodities and indices.  A CFD is a financial instrument that means you are trading on the price values and not actually trading the asset itself.  Their platform allows traders to open an unlimited number of CFDs without signing any extra agreements. 

Opteck was originally founded in 2011 as a binary options broker.  In 2017 they stopped offering binary options completely and began using their Forex platform for CFDs.  They are an EU regulated brokerage based in Cyprus and are under the Cyprus Securities and Exchange Commission (CySEC). They segregate client funds from brokerage funds in an effort to protect their customers. 

Platform

Opteck uses the TraderSoft platform.  Their desktop platform claims to be fully customizable and allows access to over 1000 financial assets within Forex, socks, commodities and market indices.  This platform offers an integrated charting package that includes candlestick, line and popularity charts for traders to use to identify opportunities for profit and analyze trends. 

There is an economic calendar integrated into the platform that alerts users to important economic events.  TraderSoft allows users to set rates so that they may receive automatic, instant price notifications when it is relevant.

Mobile access to the Opteck platform can be obtained by downloading an app from either the Apple Store or Google play for either iPhone, iPad or Android.  The apps offer traders automatic price updates just as the desktop platform and one click trading.

Accounts

Opteck offers six different account types: Basic, Bronze, Silver, Gold, Platinum and Black.  Their website clearly defines the differences between these accounts with a chart.  The biggest differences between the account types are that the three simplest accounts do not offer CFD trading and the three highest level accounts offer CFD trading with fixed spreads on major currency pairs.  The Black account is the only one that offers executive position access.

The minimum deposit goes from $250 for the Basic Account to $100,000 for the Black account.  All levels of accounts have access to 24/6 support, Education center, Daily Market Review, PRO Webinars and price alerts.  The levels above basic also entitle traders to an Introduction Session with an expert.

Opteck also offers an unlimited free demo account and Islamic Accounts.

Education Center

Opteck has a very extensive education center which has many resources that anyone who visits the website can access.  There are currently 3 ebooks for download or reading right on the website.  The website also has video courses on a few different levels.  The education center has a calendar of webinars, a glossary and an FAQ section. 

Summary

Overall, Opteck’s website is very impressive.  It is clear, informative and easy to use.  That being said, we cannot comment on the company’s personal services at the time of this Opteck review, since they have revamped their company so recently and there is no real track record to look at.  There are some negative reviews in online forums in the last several weeks but most of the user feedback was from the company’s binary options days.  

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Opteck Binary

Opteck.com, introduced in 2011 is domiciled in Seychelles and since its founding, has become one of the leading binary option brokers in the industry. Its main focus is its clients and it has gone out of its way to make its platform as user friendly and intuitive as possible. Trading can be done in all 4 major asset categories - currencies, commodities, stocks and indices. But Opteck takes it one step further. It invites the trader to add other assets at their own initiative.

Accounts

There are seven different accounts to choose from at Opteck and they are all neatly presented on the site. The Green account can be set up with $250 and a 25% welcome bonus is awarded. $500 is required for the Bronze account which offers a 35% welcome bonus as well as an introduction session with a Junior Account Manager and the ability to set up the account as a demo account funded with $5000.

The Silver account, which is designated by the broker as the account with the best value, requires a minimum deposit of $1000. It provides a 45% welcome bonus, an introduction session with a Senior Account Manager and $10,000 towards a demo account.

Next comes the Gold account with a minimum deposit requirement of $5,000 and a welcome bonus of 65%. This account also includes an introduction and strategy session with a Senior Account Manager, +1% extra payout and 20 to 30 trading signals per day. A $10,000 deposit will open the Platinum account which has an 85% welcome bonus, +1% extra payout, 30 to 40 trading signals daily and $25,000 towards a demo account.

The Black account is the premium account at Opteck with a startup amount of $25,000, a welcome bonus of 100%, +2% extra payout and 40 to 50 trading signals per day.

There's no setup fee, no hidden fees or charges, and no spreads and all the accounts are entitled to a free eBook, live Chat and phone support, alerts, webinars and more.

When doing this Opteck review I was pleased to see that a demo account is provided for new traders looking to learn about the general behavior of the binary market while practicing different investment strategies and improving their overall trading techniques.

With Opteck, followers of the Islamic faith have the advantage of trading exclusively interest free. The Islamic account provides the opportunity to choose any of the available accounts, including the Gold, Platinum and Black Club accounts.

Features

Opteck.com has one of the most straightforward websites I have encountered. All the information a trader needs is accessible with a click on a tab.

Deposits/Withdrawals

Deposits to Opteck accounts can be made via all major credit cards, online pay programs such as We support a wide range of currencies and a selection of withdrawal methods such as Bank wires, Credit cards, MoneyBookers, Webmoney, CashU, and Western Union and Bank wires.

Withdrawals methods include Bank wires, Credit cards, Webmoney, CashU, and Western Union.

Bonuses/Promotions

Opteck offers very generous bonuses.

Each traders is greeted with a unique Pending Welcome Bonus of 25%-100% which is earned by registering and opening an account.

The Refer a Friend Tree program gives traders and their friends the opportunity to convert referrals into real money. Win – Win and Win situation works in several different ways. An account holder will receive a 5% cash bonus on the first deposit made by every friend referred.

With the Level One Bonus, as the friends' trading volume increases, the trader receives a percentage of their trading volume as a cash bonus.

And with the Level Two Bonus, if the referred friend refers another friend of theirs, the original account member will also receive a cash bonus percentage on their trading volume as well.

Education

One of the best ways to upgrade trading knowledge and skills is by learning from the experts and just by registering to open an account, traders at Opteck have the opportunity to take part in 4 webinars with the Head of Analytics Department, on Money Management, Trading Psychology, Chart Analysis and Trading Strategies.

The Opteck Academy posts daily, weekly and monthly financial news analysis right on the landing page and anyone interested in looking back at past news can do so.

Technical and fundamental analysis is posted in the analysis section and contains useful information for both new and experienced traders.

 There is a host of educational videos to watch, binary options webinars that are listed clearly on their webinar calendar, textual explanations of trading strategies and an e-book which can be downloaded or read directly from the website.

Customer Support

Customer support is available in Chat and call back. Telephone support can be contacted in multiple languages at over 15 different locations. Email contact can also be made to a variety of different departments at the main headquarters of the broker.

I was very pleased to find a search button on the site as I had to looking for information on promotions or other bonuses. Besides the welcome bonus which varies with the different accounts, Opteck does not offer any other bonuses or promotions.

The website is available in English, French, Italian, Dutch, Turkish, Italian and Russian.

Conclusion

All in all, I really enjoyed reviewing this broker as the information was clear and very accessible and I had the feeling that the broker really went out of its way to make trading with Opteck a pleasurable experience.

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Opteck is an online brokerage firm trading CFDs on Forex, stocks, commodities and indices.  A CFD is a financial instrument that means you are trading on the price values and not actually trading the asset itself.  Their platform allows traders to open an unlimited number of CFDs without signing any extra agreements. 

Opteck was originally founded in 2011 as a binary options broker.  In 2017 they stopped offering binary options completely and began using their Forex platform for CFDs.  They are an EU regulated brokerage based in Cyprus and are under the Cyprus Securities and Exchange Commission (CySEC). They segregate client funds from brokerage funds in an effort to protect their customers. 

Platform

Opteck uses the TraderSoft platform.  Their desktop platform claims to be fully customizable and allows access to over 1000 financial assets within Forex, socks, commodities and market indices.  This platform offers an integrated charting package that includes candlestick, line and popularity charts for traders to use to identify opportunities for profit and analyze trends. 

There is an economic calendar integrated into the platform that alerts users to important economic events.  TraderSoft allows users to set rates so that they may receive automatic, instant price notifications when it is relevant.

Mobile access to the Opteck platform can be obtained by downloading an app from either the Apple Store or Google play for either iPhone, iPad or Android.  The apps offer traders automatic price updates just as the desktop platform and one click trading.

Accounts

Opteck offers six different account types: Basic, Bronze, Silver, Gold, Platinum and Black.  Their website clearly defines the differences between these accounts with a chart.  The biggest differences between the account types are that the three simplest accounts do not offer CFD trading and the three highest level accounts offer CFD trading with fixed spreads on major currency pairs.  The Black account is the only one that offers executive position access.

The minimum deposit goes from $250 for the Basic Account to $100,000 for the Black account.  All levels of accounts have access to 24/6 support, Education center, Daily Market Review, PRO Webinars and price alerts.  The levels above basic also entitle traders to an Introduction Session with an expert.

Opteck also offers an unlimited free demo account and Islamic Accounts.

Education Center

Opteck has a very extensive education center which has many resources that anyone who visits the website can access.  There are currently 3 ebooks for download or reading right on the website.  The website also has video courses on a few different levels.  The education center has a calendar of webinars, a glossary and an FAQ section. 

Summary

Overall, Opteck’s website is very impressive.  It is clear, informative and easy to use.  That being said, we cannot comment on the company’s personal services at the time of this Opteck review, since they have revamped their company so recently and there is no real track record to look at.  There are some negative reviews in online forums in the last several weeks but most of the user feedback was from the company’s binary options days.  

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Binary Features

A unique feature on the Opteck landing page is their digital platform clock which tells viewers what the current platform time is. For traders who feel that every second can make or break them, this clock is of vital importance. I also liked their landing page which provides immediate information on the four steps needed to begin trading binary options.  It’s nice that beginner traders don’t have to look further for assistance before setting up an account. The availability of chat or call back on each page is comforting.

 

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Binary Platforms

Opteck uses a secured proprietary trading platform that is web-based and can be accessed on any PC, laptop, smart phone and tablet device. Traders are presented with the opportunity to invest in a variety of assets such as currency pairs, indices, stocks, and commodities.

Mobile trading can be downloaded or scanned by code onto all iPones and Android devices.

There are 4 different trading instruments for Opteck users to choose from:

The High/Low option is the basic and most popular trading type. One Touch involves more risk trading but pays well if the prediction is correct.  The Range option is complex and is used mostly by professional binary option traders and the Quick Options is an option that expires in 60 seconds. The platform’s advanced technology protects users form unwelcomed viruses and also guards the privacy of traders’ personal information and their communication with the company.

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User Reviews

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