Opteck is a binary trading firm that was established in Cyprus in the year 2011. They have been able to grow quite a lot given the few years they have been in the binary options industry. They are part of a multinational organization that offers financial services in various jurisdictions around the world.
They have two different companies that use the same trading name, Opteck, to provide their services to different clients around the world and they are also well regulated by the corresponding authorities in those two countries.
Opteck Binary Options Review: Scam or Not?
Centralspot Trading Limited is the company that uses the Opteck trading name to offer the services to their European clients. They are registered in Cyprus, and they are located in Limassol.
The company is authorized and regulated by the Cyprus Securities and Exchange Commission that oversees the operations of the various financial providers in Cyprus; their license number is 238/14.
They also have CST Financial Services Ltd using the trading name Opteck to offer the binary trading services to the clients from other of the parts of the world.
They are located in Belize where they are regulated and authorized by the International Financial Services Commission that regulates all financial activities in Belize. These regulations are meant to keep the broker, Opteck, in check and also for the protection of the client and their funds especially which are absolutely paramount.
They have gone a notch higher with their protective measures, and they have encrypted their website with the top of the range 128bit RapidSSL web encryption technology. This measure ensures that the clients’ activities cannot be accessed by any third party users who may want to get their information for malicious activities.
They have also ensured that the credit card payments are well secured under the credit card security level 1 certificate which is held under the Payment Card Industry Data Security Standards. All these measures have mainly been directed to ensuring their clients’ information remains confidential and secure.
Opteck has a wide array of instruments; they have over 70 assets that are classified under currencies, indices, commodities and stocks. In addition to all these niceties, they also offer bonuses when you open your account, and that has a minimum deposit of $250.
They trade a wide range of binary options, and that is an advantage for the traders who want to have a different type of binary option for different types of market conditions. They also offer a very comprehensive educational resource that is very important for the newbie traders in the binary options industry.
Their customer support department is very technical, and it is very keen on enabling their clients to solve their issues in a timely manner. For more information on Opteck you can visit their website Opteck com.
Opteck com: Trading Platform and Demo Account
Opteck is very advanced when it comes to their trading technology, and they are very categorical on ensuring that they have the best technology for their clients.
Their trading platform is cloud-based, and that means that the user can access it on very many platforms. The trader can access the trading platform on PC, mobile phone, and tablets.
The web platform is the most popular among the three, and it is called the Marketspulse. Opteck has created a wide range a variety of options that have been the best option among the binary options traders.
These options are high/low, one touch, range, and quick options. High/ low is the option that is meant to give the trader an option to decide whether the price is going to close higher or lower from the present price in order to make a profit or the trade to close in the money.
In one touch trading the trader predefines the price before hand and the trade closes in the money or in profit if price touches that particular price within a given time. For range options, the trader decides a range in which price might close within or without at a particular time that is predefined in order to make a profit.
The quick options are time-based, and they are mainly a niche of the skilled traders who have an idea of how the markets in the shorter time frames. The trader has an option to trade on the web platform or the mobile platform where the app is available on Android and iOS devices.
Opteck Minimum Deposits and Withdrawals
Opteck com has one of the best withdrawal and deposit options available for their clients. They use a mix of transaction options that are widely used around the world to cater for their large number of clients who come from different parts of the world.
They use cards, credit cards and debit cards alike, bank wire transfers, and online money transfer options. Among the cards options are Visa, MasterCard, JCB and Diners, the online options are numerous because they are efficient and rather easy to use.
Among the online payment options is Skrill, Webmoney, Cash U, and Neteller and much more. All the options given are meant to maximize efficiency. Opteck charges a fee for withdrawals that stands at 3.5% as a service fee, and the minimum withdrawable amount is $100. That is a fair amount given the service fee that is included.
Opteck Educational Resources
Opteck has an academy that is online based, and in the academy, they offer very reputable material as it relates to the binary options community. The Opteck academy has an introduction section to get you acquainted with the concept of binary options.
They also cover the benefits of trading binary options, the basics, they have tutorials, eBooks, you are taught order execution, and finally they get to the nitty gritty where you are taught about the technical and fundamental analysis in order to form an understanding as a trader.