Opteck. Scam or not? Opt in or out? Review and free demo!

Opteck review

Centralspot Trading Ltd. became the owner of Opteck on May 2 2015. The company is registered in Cyprus and, as such, is subject to CySec regulations regarding binary options, so it is very unlikely that Opteck is a scam. Obtaining the license is what, probably, motivated the previous owner, registered in Belize as B.H.N.V Online Ltd., to change the official headquarters as it had been heralded by the broker for quite some time. However it holds also IFSC Belize regulation (Trading In Securities Services - IFSC/60/377/TS/15).

Registration link – up to 100% bonus and a demo account!


Sign-up to a broker from our link, spend a deposit, make a few transactions and get access to unique strategies and tools at our VIP ZONE!

The website, which is available in English, Arabic, Dutch, French, Italian, Russian, Turkish, German and Polish, is all about being innovative, up-­to­-date and to­-the-point, just like the name may suggest. Registration is quick and painless, and all the tools necessary for binary options trading are waiting for the users. The connection is encrypted – the website is secured with Rapid SSL certificate.

There are 6 accounts to choose from. You'll find the details below:

Green Account

  • minimum deposit: €250
  • 25% welcome bonus
  • phone support, online chat
  • daily market reviews via e­mail
  • Ebook Opteck – binary options trading
  • free access to 22 video tutorials

Bronze Account

  • minimum deposit: €500
  • an introductory session with a Junior Account Manager
  • €5,000 demo account
  • 35% welcome bonus
  • daily market reviews via e­-mail
  • E-book Opteck – binary options trading
  • free access to 22 video tutorials
  • phone support, online chat

Silver Account

  • minimum deposit: €1000
  • an introductory session with a Senior Account Manager
  • between 10 and 20 trading signals a day, delivered by SignalsXP
  • 45% bonus
  • €10,000 demo account
  • phone support, online chat
  • daily market reviews via e­-mail
  • introductory webinar on market liquidity
  • Ebook Opteck – binary options trading
  • free access to 22 video tutorials

Gold Account

  • minimum deposit: €5000
  • an introductory and a strategic session with a Senior Account Manager
  • +1% extra payout on every transaction
  • 20-­30 trading signals a day
  • 65% bonus
  • €15,000 demo account
  • phone support, online chat
  • 2 webinars: market liquidity and trading psychology
  • Ebook Opteck – binary options trading
  • free access to 22 video tutorials
  • alerts ahead of big market events

Platinum Account

  • minimum deposit: €10,000
  • an introductory and a strategic session with Executive Account Manager
  • +1% extra payout on every transaction
  • 30­-40 trading signals a day
  • 85% bonus
  • €25,000 demo account
  • private sessions with a Senior Analyst
  • priority access line to an analyst
  • phone support, online chat
  • 3 webinars: market liquidity, trading psychology and chart analysis
  • Ebook Opteck – binary options trading
  • alerts ahead of big market events

Black Account

  • minimum deposit: €25,000
  • an introductory and a strategic session with Executive Account Manager
  • +2% extra payout on every transaction
  • 40-­50 trading signals a day
  • 100% bonus
  • €50,000 demo account
  • weekly sessions with a Senior Analyst
  • priority access line to an analyst
  • phone support, online chat
  • 4 webinars: market liquidity, trading psychology, chart analysis and trading strategies
  • Ebook Opteck – binary options trading
  • alerts ahead of big market events

 

Maximum return is 85%, including the bonus for Black Accounts (2%), but there are also refunds for options that went wrong (5-­15%). You can set up an account using EUR, USD, GBP and JPY.

All newbies get a "risk free trades" option, meaning that your first unsuccessful trade will be refunded to $50. To take advantage of this promotion, contact support within 48h from the lost option.

What's equally interesting is "snooping" and copying other users' actions, but with such solutions you should always tread carefully:

 

Opteck platform

For binary options Opteck uses Markets Pulse company's technology with its friendly and clear interface. One of Opteck's appealing offers is one­-click investing directly from a chart, which enhances an investor's insight into the market at the precise moment of making a transaction. Also, you get to see other users' statistics.

.

 

You do not need to download anything to use Opteck's platform: a computer and an Internet connection will do. You may manage your account using mobile devices, and you can download the mobile app free of charge.

There are over 70 assets available: stocks, commodities, indices and currencies. You can go with high/low, short-­term (30 seconds, 1, 5, 10, 30 or 60 minutes), one-­touch and range (boundary) options.

There is a sufficient selection of expiry dates. As far as the short­-term options go, you get 5, 10 or 60 minutes, which rarely happens and which enables adjusting the expiry time to your needs. However, bear in mind that the shorter the expiry time offered, the lower the return. There isn't a wide selection when it comes to long-­term options: besides "end-­of-­the-day", we've only managed to find one "end-­of­-the­-month" one that goes with a very low minimum return of 65% (EUR/USD currency pair).

You can trade 24 hours a day, Monday to Friday.

 

 

The platform is available on mobile devices (iOS and Android).

Opteck deposits and withdrawals

The minimum to deposit is €250. To fund your account you can use credit or debit cards, bank wires, Skrill, webmoney, Western Union, or cashU. You can withdraw money using bank wires, credit cards, Western Union, WebMoney, Cashu, or Skrill.

The minimum to withdraw is €50, but you need to verify your account beforehand. All withdrawals are subject to 3.5% commission, and if that percentage happens to be equal to or less than $30 you'll have to pay $30.

You also pay an account maintenance fee – €7.50 a month.

DEMO account

Platform users get access to a demo account where one can do all the virtual transactions and learn investment strategies. However, to use a demo account you need to pay a principal first (at least €500), which means that you get access if your account is, at least, Brown.

Client support

There are many ways to contact the broker: e­-mail, phone, chat (if it's available) or leaving your phone number so that a representative calls you back.

Educational materials

Since it's crucial to learn about options, Opteck has developed a comprehensive section called "Opteck Academy", along with personalized tutorials, some webinars and e­-books, and a personal assistant who can help users with any account­-related issues as well.

Bonus

Even a minimal deposit makes a bonus possible and you may get 25-­100% of the deposit.

Opteck SCAM?

There have been problems in the past: the broker had trouble with payouts and you had to wait for them for quite a while. However, the broker's representative assured us that all that is behind them now.

Summary

There are proponents and opponents of Opteck. We've found some complaints, but weren't able to verify them. A demo account is available only to those who deposit a lot of money (min. €500), which is why fresh investors should test their abilities using other platforms.

There aren't too many assets to choose from, but one­-click transactions give us the opportunity to close transactions with just one button. What's also appealing? Refunds on lost transactions. Another interesting feature – "risk free trades" – covers your first­-time losses up to $50, which is yet another consolation prize.

Discussion forum and opinions

Forum link

Broker details
Broker’s name Opteck
Website url www.opteck.com
Start of 2011
Country of registration Cyprus
Regulation yes, (CySec and IFSC)
Platform TraderSoft (Opteck’s proprietary platform)
Markets Currencies, Indices, Stocks, Commodities
Options high/low, one-touch, boundary, short-term
Assets 100
Deposit methods credit/debit card, wire transfer, Skrill, webmoney, Western Union, cashU
Withdrawal methods wire transfer, credit card, western union, WebMoney, Cashu, Skrill
Deposit min. $250
Min/max stake $25/$10,000
Withdrawal min. $50
Deposit/withdrawal fee withdrawals – 3.5%; the fee can’t be lower than $30.
Profit up to 83%
Account currency USD, EUR, GBP, JPY
Bonus up to 100%
Failed transactions refund none
Demo yes, if you deposit min. $500
On-line support yes
Languages English, Polish, Italian, Dutch, Arabic, Russian, Turkish, Japanese, German, French
US traders no
Expiry times 1, 5, 10 minutes up to 1 month (short-term); 1 month (long-term)
Educational materials tutorial, e-book, videos, FAQ, training, seminars
Mobile trading yes (iOS and Android)

Video

Opteck rank

  • Platform: TraderSoft
  • Launched: 2011
  • Registration: Cyprus
Withdrawal execution
Platform
Support
Functionality and look
Reliability
Payment methods
Educational materials
Return
Assets
Good

User Rating:

/5
(0 votes)
  • Platform: TraderSoft
  • Launched: 2011
  • Registration: Cyprus
Withdrawal execution 70%
Platform 88%
Support 86%
Functionality and look 84%
Reliability 50%
Payment methods 80%
Educational materials 80%
Return 80%
Assets 60%
75% Good

User Rating:

(0 votes)

Pros
  • User-friendly platform
  • Educational materials for beginners
  • Mobile trading
  • One button trading
  • Risk free trades options
  • High return
Cons
  • Lack of long term options



2015 WatchBinaryOptions

Please note that binary options trading is a high­risk activity. Information on watchbinaryoptions.com does not constitute an offer, nor should it be considered as recommendation or request to buy or sell. Information on watchbinaryoptions.com should only be considered as opinions of private persons and companies cooperating with the service.

Although watchbinaryoptions.com does its best to make sure that all the information is complete and accurate, it cannot be guaranteed. Therefore, the service cannot be held culpable for any and all losses, including losses directly or indirectly connected to using or relying on the information found on the website.

WatchBinaryOptions.com has been created by a private person. It is also managed and administered by a private person. WatchBinaryOptions.com is not a company website. If you have any additional questions please do not hesitate to contact me via the contact form.