Opteck Review – Best Binary Options Broker

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Opteck

Opteck no longer offer binary options. For a list of alternative brokers, and full comparison reviews, visit our brokers page.

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Opteck.com is an innovative and unique brand and is one of the leading binary options trading platforms developed by a UK based company with branches world-wide that provides technological solutions for the online trading arena.

Account Information

Starting to trade with Opteck is as easy as 1-2-3.

Play safe – traders are required to provide necessary documents in order to verify the user’s authenticity.

Account opening takes less than a minute and can be done online or with Opteck’s mobile trading application. Deposits and withdrawals are done by Credit/Debit cards, Bank(Wire) Transfer, Web Money, Cash U and Western Union.

Opening a new account requires a minimum deposit of $250.

The Opteck trading experience is fun and simple as it is web-based and there’s no need to download any software or app. In addition, traders can trade on the go with Opteck’s professional mobile application – anytime, anywhere.

Traders can trade with 4 different currencies: USD, EUR, GBP, JPY

Platform features and Markets offered

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The Opteck platform contains plenty of educational tools and materials, trading can be done live directly from the charts and traders can trade in the following binary options assets:

Stocks: TOTAL, Facebook, Apple, Google, Coca Cola, Carrefour, Amazon, Baidu, Deutsche Bank, Vodafone, Fiat, HSBC, BP, Volkswagen, Barclays, Alcatel Lucent.

Currencies: GBPUSD, EURJPY, AUDUSD, USDJPY, NZDUSD, EURGBP, USDCHF, EURAUD, USDCAD, EURUSD.

Commodities: Gold, Coffee, Silver, Crude Oil, Corn.

Indices: NASDAQ, DJI, S&P 500, NIKKEI, CAC40, DAX, Kuwait-Index, DFM-IND, DSM20-IND, Tadawul.

Bonuses and promotions

Opteck offers various bonuses and promotions for new traders such as 50% bonus on first deposit and cashback for the 2 first trades if both lost in a row, payouts can be up to 100% and even more. Bonuses may vary per trader’s account type and deposit amount and are considerably generous.

Possible trading types are

High/Low, One Touch, Range High/Low. A trade can take as little as 3 minutes & payout is up to 100% per binary option.

Languages supported

English, Italian, Japanese, Russian, Arabic.

Customer Service

Opteck Customer Service department is available 24/7 by phone with a toll free number, live chat and email mainly in English but also in most of the platform’s supported languages.

Is Opteck a Scam?

Opteck is one of the most recently formed binary options brokerages in the industry. Opteck was founded in 2020 and makes use of the popular MarketPulse platform for trading. Opteck is one of the very few binary options brokerages in the industry that takes pride in their professionalism. Although Opteck is not being regulated by any financial regulatory body, there is no reason to believe that Opteck is a scam. The main reason behind this is their transparent policy and their excellent educational and support services that provide sound advice to all the traders. In addition to these, they provide several different e-wallets to ensure security in all financial transactions.

Opteck Review – Is it scam or safe?

Opteck has ceased offering binary options in 2020 and has concentrated on CFDs trading services.

Basic Information

Minimum deposit Min./Maxbet size Payout % Bonus Regulation
$250 $25/$10 000 Up to 83% Welcome 20% – 80% CySEC

Opteck is a Cypriot Binary options broker, offering trading in wide range of financial assets on its proprietary platform.

This is one of the brokers, clearly placing a focus on training. Opteck has posted a number of video courses on its website, as well as a free e-Book, and Glossary.

Trading Accounts

Clients of Opteck may choose from several account types, depending on how much money they are willing to invest upon sign-up: Basic, Bronze, Silver, Gold & Platinum.

Min. initial deposit

In addition, the brokerage also provides Islamic account, intended specifically for Muslim traders.

The Company. Security of Funds

Opteck is a CFD and binary options broker, offering online trading in currency pairs, indices, commodities, and stocks. Opteck is a trading name of Centralspot Trading (Cyprus) Ltd. authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) since 2020.

The Cypriot financial watchdog applies a set of rules and requirements to license holders in order to provide a certain level of security in forex and binaries trading.

Like UK-based brokerages, regulated companies in Cyprus must hold a minimum of €730 000 in order to prove their good financial standing. Moreover, all licensed brokers are members of the Investor Compensation Fund, which may cover tour investment loss to a maximum of 20,000 EUR per person in the event that the broker becomes insolvent. Such compensation schemes serve as an additional guarantee to clients’ funds.

Furthermore, as CySEC is part of the European MiFID regulations, and the companies regulated by the Cypriot financial watchdog are free to operate in all EU Member States.

Trading Conditions

Trading Options: Quick options, High/Low, Range and One Touch

Assets: Currencies, Stocks, Indices, Commodities

Expiration times: ranging from 60 seconds to 1 month

This broker does not offer Long-term options, nor Pairs & Ladder for trade. Copy trading services are also unavailable with Opteck.

Minimum Initial Deposit

The minimum initial deposit for clients of Opteck is $250, which is average. For example, OptionRally, another CySEC-licensed broker, the same amount from traders to open an account.

Min/Max bet size

The minimum bet size with this broker is on the upper end of average, amounting to $25. In comparison, with OptionRally,one can place a trade with just $5. Such low minimum bet sizes provide better risk management.

Depending on the Trading Options and expiry times, payout percentage offered by Opteck varies. The profit range of High/low options on EUR/USD is between 64% – 83%, which is average for the binary market.

OptionRally, in comparison, offers higher payout amounts – from 70% to 90% – and also provides refund on losing trades of up to 15%.

Trading Platform

Clients of Opteck are offered the broker’s proprietary platform, desktop and mobile versions available.

The platform is easy to use and is equipped with integrated charting package, economic calendar, fast one-click trading option and real-time price alerts.

Welcome bonus from 20% to 80% of the initial deposit is available to clients of Opteck, which

are redeemable, provided the required volume has been traded.

Methods of Payment

Opteck’ clients are provided with a variety of payment methods: Credit/Debit cards, Bank Wire and e-payment systems such as Skrill, Neteller, WebMoney, Yandex, Qiwi, AstroPay, MonetaRu, sporopay, Sofort, PlusPay, HalCash, and others.

Note that the minimum withdrawal amount is $50 ($100 for wire transfers) and withdrawals take between 3-5 business days.

Additional fees

Keep in mind that clients of Opteck are charged with some additional fees:

– – monthly maintenance fee of $7.50 (a monthly account charge encompassing all services and features available for traders);

– – profit clearance fee applies to successful trades or those sold for profit with binary trading.

The profit clearance fee is determined by the total profit of the successful binary trade:

– – $250 or less = $1.50

– – $1,001 – $2,500 = $4.00

– – $2,501 or more = $5.00

Conclusion

Opteck is a licensed binary options broker, offering a variety of assets on its in-house platform under reasonable conditions. However, we find that same advanced features are missing and there are additional fees. To sum up the above, here are the advantages and drawbacks in relation to this broker:

Competitive payout percentage

Lack of advanced trading options and features

Just 20% welcome bonus on Basic account

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for Opteck

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

please pay me back my money

Since I activated my account and nothing is happening, no call just quiet what is going on people

scammed

I was scammed by Opteck.biz

Opteck son estafa

Buen dГ­a, revisando la pГЎgina me encontrГ© con este sitio, me asombrГ© al ver que tienen dentro de sus mejores broker a OPTECK, claro ya no hacen binarias pero les contarГ© mi experiencia con esta empresa que me llevo 20k, sin ningГєn remordimiento, esta empresa que trabajaba con una filial o subempresa, como quieran llamarle, y que trabajaba con su licencia de registro, de nombre VipOption, me imagino que habrГЎn oГ­do de ella, que dejГі a muchas personas en la calle, el agente de cuentas intervino mi cuenta y en media hora realizГі 19 comercios y dejo mi cuenta en 0, nunca mГЎs VipOption respondiГі, y averiguando lleguГ© a los Sres. de Opteck, quienes reconocieron que esta seudo empresa trabajГі con ellos bajo su misma licencia, no obstante, como en todos los casos “No se hacГ­an responsables”, reclamГ© al regulador y nunca respondieron como tal, salvo una vez que una mujer me escribiГі un correo pidiendo mГЎs informaciГіn y de ahГ­ nunca mГЎs supe del “regulados”, lo cual me incita a pensar que son parte de este “juego” de fregar a las personas, total como nada pueden hacer, es mГЎs fГЎcil estafar.
Tengo todos los antecedentes que desenmascaran a estos “delincuentes”.

Translated by Google:

Good day, reviewing the page I found this site, I was amazed to see that they have OPTECK within their best broker, of course they do not make binaries but I will tell you about my experience with this company that took me 20k, without any remorse, this company who worked with a subsidiary or sub-company, whatever they want to call him, and who worked with his registration license, named VipOption, I imagine that they heard about it, that left many people in the street, the account agent intervened my account and in half an hour he made 19 stores and left my account in 0, never again VipOption answered, and finding out I got to the Opteck Messrs, who recognized that this pseudo company worked with them under their same license, however, as in all cases “They were not responsible”, I complained to the regulator and never responded as such, except once a woman wrote me an email asking for more information and from there I never knew about the “regulated”, which incited me to think that they are part of this “game” of scouring people, total as nothing can do, it is easier to cheat.
I have all the backgrounds that unmask these “criminals”.

Lost USD13000

I lost USD13000 with them. Firstly its hard to withdraw money. They will want you to open trades if you want to withdraw. They offer bonuses, but you will never get it or withdraw it. They will let you open many trades at once and will bring your money to almost zero. They do scams in a legal way. I wanted to withdraw $6000 which was left from USD13000. This lady said i can’t wiithdraw. The money was sitting there for few months. I tried again and this guy came and ask to me open trades and from $6000 to $300 . Money gone
Let the Karma work.

Opteck

Overview

Rating chart

Detailed Information

USD, EUR, GBP, AUD, CAD, CHF, DKK, JPY, NZD, PLN, SGD, CCK, HKD, HUF, MXN, NOK, SEK, TRY, ZAR, HRK, XAU, XAG, BTC, BRL, INR, ILS, RUB

Opteck Reviews

Safa Rojas from United States of America

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michelle from United States of America

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Curt lennix from United States of America

Binary Option has really ripped a lot from people, it promises to help you make money but then you have to get lucky to get a good result. It’s more like gambling people still don’t get it. It doesn’t really guarantee a . % chance of success. But do you know you could actually recover your money back?! yes it’s a very possible means, which will involve hiring a hacker to help you hack into the firms database, using the information you provide to decrypt your file and get back your money back. It’s an almost impossible hack but is actually possible with the use of special software(s) known to hackers and authorities like the FBI and CIA. For more information, please contact PYTHONAX (pythonaxservices @ gmail. com )

Justine Tyson from United States of America

Optek is a big scam, they also stole my money. Had invested $13700 with this company and it was all taken from my account. If not for the knowledge of recovery kapital and their team that had built a strong case against them, I won’t have been able to get my money back. Recovery kapital is the brains behind every recovery, reach out to them if you are a victim.

Is Opteck a scam broker?

During my operating practice, as well as writing about this field, we have come across various scam brokers. Unfortunately, users are easily misbelieved. The reason for it is in most cases that they trust in everything. Do not do it.

Each your move in this business has to be based on stable and precise explanation. The following points are necessarily to be taken in the account – success level; proportion of happy traders; kind of platform; is this company controlled.

Conclusion: This Broker is Legal

Check out this analysis dedicated to Opteck. This broker was formed in the year of 2020. I was getting many inquiries for reviewing this broker, so I thought I should do it. Thus, in order to find out if this broker is legal, you can or cannot invest your funds in it, the ways of its operating, go on with this review.

This broker has a homepage www.opteck.com with the minimal deposit of 250 dollars.

Operating Platform

Our examined is based on Cyprus and functioning on the platform called Tradesoft, which is really handy and user-friendly. That is why a big number of brokers utilize it.

This platform is known as really efficient one that does not cause problems to its users. Also, this platform is remarkably developed.

Controlled Platform

Our analyzed broker is considered as stable and respective. This broker possesses all the necessary confirmations of acknowledgment and is monitored by CySEC with number 238/14.

The fact that this platform is monitored by a legal organization gives you the feeling of confidence. In case of this broker it is not only its legality being its advantage. The management of this broker claims that their philosophy is to level up the operating benefit via training and technological solutions. And we really like it.

Interesting fact

Our examined options broker goes together with all the required Secure Socket Layer rules.

Additional Qualities

As this broker is controlled, it offers its traders some features. For example, the Educational Center, which provides online video seminars, informative recordings, electronic books and training sessions, etc. These training programs are useful for users of any level.

One more specific quality of this broker is the directory of analysis, which provides information on various kinds of operating policies and the impact of current events in politics and economics globally on the exchange. These articles are prepared in a clear way and are very helpful.

Finally, this broker possesses the around the clock LiveChat and phone client service, which could be reached in nine tongues such as English, Arabic, Russian, Turkish, etc. This is a remarkable feature as the majority of the brokers offer this service only in English.

Kinds of Profiles

There are various operating profile kinds offered at this broker, which traders can select from, as well as there are some with interesting titles. Feel free to select the one that will correspond to your primary investment, bonus types and conditions.

Green Profile: The primary investment is 250 dollars and a welcoming bonus is 25 per cent

Bronze Profile: The primary investment is 500 dollars and a welcoming bonus is 35 per cent.

Silver Profile: The primary investment is 1000 dollars and the welcoming bonus is 45 per cent.

The Golden Profile: The primary investment is 5000 dollars and 65 per cent is welcoming bonus

The Platinum Profile: The primary investment is 10000 dollars and the welcoming bonus is 85 per cent.

The Black Profile: The primary investment is 25000 dollars and the welcoming bonus is 100 per cent.

So, is Opteck Scam?

According to the examination done, we regard this broker as stable and legal. Thus, it is my advise to check this broker out yourself for your beneficial and secure operating

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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