March 2017: We have learned that Opteck has now moved to exclusively trading in Forex and CFDs.
However, there are plenty of verified binary options trading brokers to choose from. For the best binary trading brokers, refer to our list:
By employing a staff of nearly 150 professionals in different fields, such as information technology, market analysis, research and development and marketing, Opteck looks to continue and provide personalized services to its clients around the globe.
Opteck Broker History and Company Information
Opteck is owned and operated under Central Spot Trading, a subsidiary parent company which is regulated by the Cyprus Securities and Exchange Commission (CySEC). Since its establishment some years ago now, Opteck has dedicated a major part of its entire operation towards the safety and security of client’s funds. This was always a critical part of the philosophy of the Opteck broker mission and vision statements.
Thanks to the above-mentioned importance that the place on security, Opteck were able to build their strong reputation and together with a high-governing organization such as CySEC that is responsible for providing high-qualitative control and unbiased observation of the financial activities of the company. From our investigations during this Opteck broker review, we learned that the company is looking to continue to provide secure online trading services through its proprietary “in-house” trading platform indefinitely.
Opteck Customer Support and Services
The customer support department at Opteck is available around the clock. They provide each and every client with answers to questions and concerns they might have regarding their trading account or the actual trading experience on the platform. Reports tells us that they tend to be very helpful and fully responsive when contacted, at least that’s what their reviews say about them.
They can be reached through a toll-free phone number, e-mail or live chat. Their website is available in nine different languages, including phone support in 15 different countries. As Opteck takes pride in dealing with customers so professionally, the department has won multiple awards for providing a top-notch service.
Do be advised that Opteck is not accepting traders based in the USA, Canada and Australia. However, if you are a resident of most other countries, you’ll be eligible to go ahead and open a trading account with Opteck broker.
Opteck Broker Binary Options Types
You will be able to place any type of Binary Options trade you are looking for, whether it is a short time period trade, a standard time period trade, or a long time period trade. Please have a look at the following list of available trading features to understand the differences between Opteck’s trading platform offerings:
- Quick Options- Enables the trader to complete a trade from start to finish in 30 seconds. Other time increments that are available in this feature include 60 seconds, 5 minutes, 10 minutes, 30 minutes and 60 minutes. Mainly suitable for traders who are looking to get instant returns on their investments.
- High/Low Options- Also known as “Vanilla Options”, this type of options allows the trader to place a standard “Call” or “Put” position within the market on a selected underlying asset with no distinct features. This is considered as the most popular option type amongst binary option traders.
- Range Options- Similar to its predecessor (One Touch), Range is a type of binary option where instead of foreseeing a certain price by the trader, he gets to select a price range. In the event that the binary option enters that range during the time frame of the option, the investment would be profitable. However, he must accurately predict whether a price of a specific asset will indeed expire in or out of the predetermined range.
- One Touch Options- This type of option is one of the best ways to make the highest possible return on investment-Up to 100% on a single trade. All the trader has to do is determine whether a price of an underlying asset will reach a specific and predetermined level prior to its expiration time or not.
Opteck Broker Features
As soon as you enter the broker’s website, you can almost immediately notice that in terms of the assets that are being offered for trading, there are currently more than 100 you can choose from, ranging anywhere from currencies (such as EUR/USD, GBP/USD, USD/JPY), commodities (such as Gold, Oil, Silver), stocks (such as Facebook, Apple, Nike), indices (such as the S&P500, NASDAQ, FTSE) and much more.
Apart from that, you can choose between a Green Account, Bronze Account, Silver Account, Gold Account, Platinum Account and Black Account. What usually happens here is that the more you decide to invest, the batter account you can get for yourself. Green and Bronze accounts usually cater more towards unexperienced traders, while the Silver account is great for beginner traders who are interested in maximizing their profit potential and at the same time enjoy improved account feature benefits.
On the other hand, you have the Gold, Platinum and Black accounts which are specifically suitable for more experienced traders and require a minimum deposit of anywhere between $5,000-$25,000. These account types can be granted to beginner traders who have managed to master the art of binary option trading through time and continuous demo account practice.
The average payout ratio on the Opteck platform is between 65%-85%. Acceptable payment methods include bank wire transfers, credit cards (such as VISA, Master Card, American Express, JCB and Diners), Western Union, Moneybookers & CashU.
Opteck Software Type and Information
Opteck platform software is provided by TraderSoft. This technology was solely developed for Opteck online web-features and includes all the technological innovations and state-of-the-art user interface for a smooth and easy operation. In addition to its web-based trading platform, Opteck also offers a mobile app. (available for free download) through their website. There is no need to download or install any third party software for the proper operation of the platfrom.
Opteck Advanced Features
The Educational Academy at Opteck.com provides traders of all levels the opportunity to gain knowledge and experience through the following features and benefits: Introduction sessions, strategy sessions, trading signals, fully featured “Demo Account”, weekly sessions w/senior analysts, educational e-Books, alerts on upcoming influential market events, live trading webinars, 20+ educational video tutorials, daily and weekly technical & fundamental analysis, etc.
In addition to this, their fully featured “Demo Account” provides an outstanding opportunity to examine different trading strategies, examine different analysis techniques and experience the thrill of binary options trading, all without risking any of your funds.
If you are still not sure if Opteck is for you, take a look at 24option, who also come highly recommended.