Is There Opteck Scam ¦ Trade Binary Options South Africa

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Is Opteck a Scam?

Opteck is a regulated binary options broker, who is present on South African market since 2020.

Opteck is owned by Centralspot Trading Ltd.

If you want to know more about Opteck platform and services, read our Opteck review.

Is Opteck a Scam?

Opteck is listed on Binary Options South Africa as a broker who offers traders a modern trading platform for overall possible profitable binary options experience.

In the past few years, since their establishment, we haven’t came across any Opteck complaints of Opteck scam. Traders who invest in binary options with this broker, can enjoy in high security level with Opteck which is an indicator how Opteck scam does not exist.

Sometimes, traders who lose money in this industry point fingers in brokers for their money loss, so they can call Opteck scam etc. We have reviewed this broker and were satisfied to find out how Opteck offers traders with a wide selection of different trading tools and services.

A variety of trade options and account types are available on Opteck own proprietary platform. We haven’t found out any Opteck scam during our review.

Trading binary options with Opteck is simple and accessible to all traders in South Africa who shouldn’t have any difficulties when login to Opteck platform.

Traders can choose among 6 different trading accounts, depending on trading characteristics. Proprietary platform is intended for both new traders and experienced as well.

Traders can use basic and advanced tutorials to get the best from binary options trading and learn different tips, which can be of great help in trading process. A variety of strategies, webinars and other education materials are available on Opteck platform.

To be able to practice and learn all trick in binary options trading, Opteck has prepared a demo account for all South African traders. Possibility to use Opteck demo account is very useful for traders, especially new ones, who can practice and test the platform. This is yet another factor of non existing Opteck scam.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Opteck Wiki Binary Options

Opteck wiki is a binary broker who for years now, offers trading platform with numerous features and services for traders in South Africa.

Opteck wiki is one of the brokers who is regulated by a regulatory body.

Registration and login process are simple and straightforward and traders shouldn’t have any difficulties when login to the platform. Before making any payments on Opteck wiki, traders first have to verify their identity. These documents are regular procedure and they include copy of photo ID and proof of address.

After registration process is completed, traders will receive an email for account activation. Later on, South African traders have to select preferred payment mode.

Opteck wiki provides traders with a wide range of deposit methods, such as bank wire, debit/credit cards and e-wallets. In case of card payment, traders have to submit Opteck with a copy of credit card that will be used in trading process.

As we have mentioned above, traders can trade with 6 trading account, besides demo. Each type differs by its features and minimum deposit amount. Features such as bonus, trading alerts, binary signals, daily market reviews and private sessions with trading experts are just few of many available with Opteck wiki.

For more on Opteck, check in our Opteck review.

Opteck Minimum Deposit

After traders sign up on Opteck platform, Opteck account expert will explain more detailed how to deposit with Opteck and from where to begin trading binary options.

To start trading, Opteck minimum deposit is set to $250.

This amount is very competitive in binary options industry. Traders who use Opteck minimum deposit are eligible for Opteck bonus. Height of bonus depend on the chosen account type.

For example, if traders select Bronze account with Opteck minimum deposit of $500, they’ll get welcome bonus 35%. Traders get access to more than 20 trading webinars and even $5000 virtual money on demo account.

Account with higher Opteck minimum deposit brings also more trading features and highest bonus amount. Demo account is an excellent example of how it is possible to improve trading skills and maximize profit with binary options.

To know more about importance of demo account in binary options, read our article here.

Combined with Opteck minimum deposit, other trading features are also available for traders in South Africa. To protect traders’ data, both financial and personal, Opteck uses the latest security protection SSL system, which encrypts traders’ data.

Banking information are clearly stated on Opteck platform. Opteck offers traders a lot of useful education materials, which include ebook, webinars, trading sessions and market reports on numerous underlying assets. All these materials can assist traders to achieve high payouts in binary options after selecting account type with a particular Opteck minimum deposit.

Binary Options Trading with Opteck

Trading with Opteck can bring many benefits for traders in South Africa.

Due to our Opteck review and a variety of trading instruments and features they offers, trading binary options can be a profitable journey for those who participate in trading process with Opteck brokerage.

Traders can reach up to 85% return with lowest investment amount of $25.

We find Opteck to be a well-protected platform when it comes to trders’s info thanks to SSL encryption system, which is very important in binary options industry.

Trading with Opteck gives traders possibility to invest in different trade options, such as 60 Seconds, High/Low, One Touch and Range Options.

Also, binary options trading with Opteck makes it available to invest in numerous underlying assets. These assets can be categorized in stocks, currencies, commodities and indices.

One of the most significant elements in trading with Opteck is their customer support services. Customer agents answer very quickly on any queries regarding trading process, all the way from login over trading features to banking information and withdrawals and there is no Opteck scam.

This is very important for traders because they can be sure they’ll have a proper assistance during their binary options journey with this brokerage.

Opteck is managed by professionals who have spent years in financial market and are now dedicated in providing trading services in binary options industry. Trading with Opteck has showed us that this broker offers excellent and transparent banking service to traders in South Africa.

Since they appeared on financial market, we haven’t came across this broker to be Opteck scam. Their own proprietary platform offers numerous trading features and serve as a great way to profit from binary options.

Is Opteck a Scam?

Online since 2020, this binary brokerage offers trading services to traders in South Africa and on the global level. The idea behind Opteck is to offer traders in South Africa modern platform that may lead to profit gains.

In the last couple of years, we haven’t noticed any issues or transgressions on the part of Opteck in regards to safety or banking. Their platform provides enough valid information so South African traders can see Opteck pays attention to ensuring safety for registered traders.

Under Terms tab on the bottom of the platform, traders can see listed different policies, such as Terms and Conditions, Privacy policy, Promotions etc.

This transparency and attention to detail show there is no Opteck scam.

Usually, brokers who don’t have any terms or policies listed are most likely a scam, since valid information are the most important part of successful and innovative binary trading process.

This broker is regulated which means that a regulation authority monitors Opteck’s business conduct on financial markets. This also comes as proof of a non-existing Opteck scam, since regulatory status implies that brokers conduct transparent business.

Opteck South Africa

Opteck broker is owned by Centralspot Trading Ltd and has been present on the South African market since 2020.

To offer traders the best trading services, they created a customised trading platform, fully adapted to beginner South African traders as well as professionals.

On this proprietary platform, Opteck offers a wide scope of different trading tools, including a variety of underlying assets, trade options and expiry times. To offer South Africans even more, Opteck has also introduced CFD trading on their user-friendly

To offer South Africans even more, Opteck has also introduced CFD trading on their user-friendly platform. In fact, traders who find this manner of trading interesting can use a CFD trading simulator which can be found on Opteck website.

Minimum deposit to join Opteck South Africa is $250 with investment starting from $25. Traders are able to deposit EUR, USD and GBP. It is important to emphasise that the chosen currency in deposit process has to remain the same as for withdrawing.

Traders will be happy to know that Opteck South Africa is a regulated binary broker. This brokerage company obtains a licence by a regulatory authority which is responsible for overseeing business transparency in the binary options industry.

Registered traders can choose between six trading accounts with Opteck South Africa, and each has plenty of interesting trading features. This binary broker also offers an Islamic Account suitable for Muslim traders as it follows the Sharia law.

Opteck South Africa also offers an excellent Education Centre where South African traders can find many helpful tools to become more experienced.

Traders have on disposal different trading guides, tutorials and webinars. FAQ is also available and traders can easily search for needed information.

Opteck Support Service

While reviewing Opteck, we found out they provide absolutely fantastic customer support service. Under Contact Us section which can be found in the About Us tab, traders can see available Opteck support methods.

South African traders can contact Opteck support via phone, email and live chat. They provide assistance via phone for 11 countries.

Opteck support has prepared a list of departments, each with its own email on which traders can ask questions. This way, they will know in which company department specific question falls into.

These departments are for:

  • General information
  • Customer support
  • Technical support
  • Affiliate department
  • Analysts desk
  • Risk management
  • Billing department
  • Reviews
  • Suggestions
  • Trade disputes

Overall, Opteck support review was extremely positive and we were surprised how much attention they invest into assisting traders which each trading step.

Opteck Account Types

Opteck offers an amazing list of 8 different accounts; six trading accounts, demo account and also Islamic account for Muslim traders.

Each account type has different features and it mostly depends on what is required minimum deposit amount for each account.

Opteck Green account

  • Deposit amount between $250 – $499
  • Access to education webinars

Opteck Bronze account

  • Deposit amount between $500 – $999
  • Access to education webinars
  • Junior account manager
  • Funding demo with $5000

Opteck Silver account

  • Deposit amount between $1000 – $4999
  • Access to education webinars
  • Senior account manager
  • 10-20 signals per day
  • Funding demo with $10000

Opteck Gold account

  • Deposit amount between $5000 – $9999
  • Access to education webinars
  • Senior account manager
  • 20-30 signals per day
  • Funding demo with $15000
  • Trading alerts
  • Extra payout 1%

Opteck Platinum account

  • Deposit amount between $10000 – $24999
  • Access to education webinars
  • Executive account manager
  • Private access line and private trading sessions
  • 30-40 signals per day
  • Funding demo with $25000
  • Trading alerts
  • Extra payout 1%

Opteck Black account

  • Deposit amount between $25000 – $50000
  • Access to education webinars
  • Executive account manager
  • Private access line and private trading sessions
  • 30-40 signals per day
  • Funding demo with $50000
  • Trading alerts
  • Extra payout 2%

Each account type is specific and by providing such wide variety Opteck tries to satisfy various trader needs as well as accommodate different trading styles.

Binary Options – Scam or Not?

Binary options trading is a wide-spread financial activity on the South African market.

Numerous traders are taking part and reaping the benefits of this online trading venture.

However, there are those who would like to take part but are battling the fear and constant doubt of binary options – scam or not dilemma.

To offer the answer to this agonising question we took a closer look at binary options trading as a whole and what South African traders need to be aware of before they get involved.

Why Trade Binary Options?

It is often said that if there is smoke there also has to be a fire.

Well, yes and no, depending on the situation at hand.

If we take a moment and think logically about any type of financial investment we will soon realise that two main principles exist – an individual can make money and they can also lose it.

The same goes for binary options trading. Of course, there are risks but there are also fantastic possibilities.

It would be hard to proclaim binary options trading scam with millions of traders around the world taking part in it.

And, this has persisted since 2008 when this manner of trading first became available to the public.

Obviously, traders found something to keep them coming and trading binaries.

Great Profit-Making Opportunities

A cursory look at popular and often used binary brokers like IQ Option or 24option will soon tell South African traders one simple truth – they could make great profit with trading binaries.

In most cases, the possible average winning ratio moves between 65-85% on a successful trade which is a very attractive prospect.

This is a very attractive prospect for eager binary traders in South Africa.

Also, with numerous trade options and short and long expiry times it is not necessary to wait for a long time to find out if the trade was successful or not.

Additionally, in binary options trading traders know beforehand just how much they stand to win or lose which indicates that binary options are not scam.

Diversity of Binary Options Trading

Binary options trading started out as diverse but also simple and transparent way of trading.

Potential South African traders who start researching binaries will soon find a great selection of underlying assets (stocks, commodities, indices and currencies), trade options, trading tools and features as well as strategies.

Furthermore, when it comes to trading binary options there is plenty of educational materials available for free online.

Quality binary brokers have educational sections on their platforms which detail the trading process and impart useful advice to South Africans eager to learn and trade.

Further proof that the fear that all binary options trading is scam does not hold is the simplicity of the trading process.

Those South Africans who wish to trade binaries will find they have to make a simple prediction – whether the price of the underlying asset will rise or fall. Next, traders need to choose the underlying asset they wish to trade, trade options and expiry time.

Of course, there are other components which have to be included, but these are the basics.

What’s more, the majority of binary brokers also provide varied account types which all have a unique set of features and tools available.

Traders are free to select the trading account which best suits their trading style but also their financial circumstances because every type of trading account has a different minimum deposit.

This also means that binary options trading has a far reach as it enables people from all walks of life to take part and reap the benefits.

The Demo Account Advantage

Further evidence speaking in favour of binary options no scam claim is the existence of the demo account.

Not all binary brokers provide this unique trading feature but those who do, and there is an increasing number of them, are raising their quality of service.

The demo account is either a simplified version of the real trading account or the exact copy but with one crucial difference because funds are not real but virtual.

That means that hopeful South Africans get to experience binary options trading and all that comes with it but do not have to worry about losing their funds.

This is the perfect training grounds which can prepare traders for what happens when real trading takes place.

Some of the top binary options brokers like 24option, IQ Option, Daweda Exchange and Opteck provide this fantastic feature.

Affordable Initial Deposit – South Africa

Most binary brokers have a very affordable initial deposit of $250 and with some brokers minimum investment per trade starts at only $1.

In fact, one of the most popular binary options brokers in South Africa, IQ Option, has the minimum deposit of only $10.

This makes binary options trading very appealing for regular people because they stand a chance to make profits without a huge investment.

This also implies that binary options trading on the whole is not a scam activity but legitimate trading venture.

Drawbacks of Binary Options Trading

Of course, it’s not pretty and pink in the world of binary options trading. There are several aspects which can be difficult to handle.

Bottom line is – binary options trading will not be suitable for all traders.

Scam Binary Brokers

Scam brokers exist, especially since there are more than 500 binary brokers available on the market today. Yet, to proclaim binary options trading a scam because of the few rotten apples is not justified.

Scam happens in all areas of life and binary trading is not exempt.

There are binary brokers who have been in business for years and have numerous satisfied customers.

It is not easy to find a good binary broker, but this is where traders have to play their part. Research is important and sites like Binaryoptions.org.za are a helpful source of information.

It is great to read guides dealing with a scam and how to spot it and then apply that knowledge when South Africans look for binary brokers.

Substantial Risks in Trading Binaries

Trading binaries includes substantial risks because South African traders can win or lose their investment. There are no guarantees and brokers who claim this are

There are no guarantees and brokers who claim this are likely a scam and should be avoided.

Also, brokers who run a transparent and open business will have the risk disclaimer visible on their sites because they want to provide as much info to their traders as possible.

The good side of the risk involved in trading binary options is that traders cannot lose more than they invest, and they do know the potential gains and profits from the start.

Lack of Regulation in Trading Binaries

The issue of regulation is, coincidently, very binary. On the one hand, there are regulatory authorities and many binary brokers opt to obtain the regulatory license.

We do advise South African traders to rather opt for the binary brokers who have the regulatory license issued by FSB or so other regulatory authority.

On the other hand, regulatory status is optional and brokers are under no obligation to have it. This also does not immediately mean that traders are dealing with a scam binary options broker.

Again, it all comes down to traders doing their homework and researching brokers they found interesting prior to making the deposit.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

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