Broker Info

Company Name:

Opteck

Website: Opteck.com
Country: Belize
Year established:  2011
Broker Services: Binary Options
Assets offered:  70+
Min deposit: $250
Payout: up to 85%
Funding methods: All major credit cards are accepted, along with bank wire transfers, Skrill (Moneybookers), Western Union, and CashU.
Platform Info
Trading platform: Opteck
Mobile trading: Yes
Web based: Yes

Opteck Review

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History and Background

Opteck.com was formed in 2011 by a team of financial professionals that were determined to focus on simplicity and education in the burgeoning field of binary options. The firm has stayed true to its simplicity mission over the intervening years by choosing a limited, but popular, set of asset choices, a broad array of educational materials and one-on-one training, and a proprietary trading platform that is intuitive and exciting to use. There are over seventy asset choices that include major currency pairs, commodities, stocks, and indices. For success in trading, veterans understand that focusing on a few highly liquid assets and avoiding the temptation of obscure opportunities is the preferred course for consistent gain.

Opteck offers the traditional Call/Put digital option with expirations times that vary from 60 seconds to 24 hours. Payoffs can reach 85%, and rebates can be as high as 15% on selected assets. Special weekend One-Touch options are also offered with payoffs up to 100%. The firm’s trading platform is easy to use and gives you complete control with a minimum of keystrokes. Promotions, bonuses, and contests are plentiful to keep things exciting, but the major distinguishing feature of the firm is its approach to education. A dedicated account manager will lead you through the process, aided by introductory participatory webinars from their head of analytics. Their extensive library of materials provides valuable insights for every level of trader.

Opteck.com is a binary options broker, owned as a trademark by Bnet Online LTD, which is a private company with an office in the United Kingdom at 788-790 Finchley Road, London, NW11 7TJ. Bnet Online LTD is owned by B.H.N.V Online LTD, a private company registered in the jurisdiction Belize with its official office at Suite 102, Ground floor, Blake building, Corner Eyre & Hutson Streets, Belize City, Belize. Unfortunately, U.S. clients are not accepted at this time.

Opteck is regulated by CySEC.

Features

  • Formed in 2011 by a team of financial professionals;
  • Regulated by CySEC;
  • Headquartered in Belize with offices in London;
  • Call/Put options range from 60 seconds to 24 hours;
  • One-Touch weekend options also offered;
  • Payoffs range up to 85% on selected assets (100% for One-Touch);
  • Refunds on failed trades may reach 15% on selected assets;
  • Over 70 asset choices, including major currency pairs, commodities, stocks, and indices;
  • User-friendly proprietary trading platform;
  • Abundant educational materials and specialized one-on-one training;
  • Plentiful promotions, bonuses and competitions to test the expertise of all customers;
  • Bilingual customer assistants available during global market hours via live-chat, email, and direct phone line.

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Accounts

  • Three account classifications with escalating benefits: Bronze (Deposit range = $250 to $499); Silver (Deposit range = $250 to $4,999); and Gold (Deposit range = $5,000 to $9,999);
  • Free Demo Account and separate Islamic accounts are available;
  • Minimum Deposit = $250;
  • U.S. customers not accepted at this time;

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Transactions

  • Investment amounts may range from $25-$10,000;
  • Deposits and withdrawals are easy with quick access to funds a guarantee;
  • All major credit cards are accepted, along with bank wire transfers, Skrill (Moneybookers), Western Union, and CashU.
  • Each method may have a delay connected with the processor of choice, but once funds arrive, you will be given immediate credit;
  • Withdrawals will be handled promptly, but if a purchase order comes through after submission and before approval, then the withdrawal will be automatically reversed to allow you to continue trading;
  • In order to approve and process any withdrawal request, all internationally mandated identification information must already be on file and in order.

 

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Platform

The Opteck trading platform is proprietary, but it has the look and feel of industry standards. The unique benefits of the system are covered in an online ebook, but, in general, the trading process is simple and straightforward. No downloads are necessary, since the platform is entirely web-based. Multiple languages are also supported. If you can access the Internet with your laptop, PC, smart phone, tablet or any other Internet connected device, you can trade with Optec.

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Information

Opteck excels in the area of training and education materials, including an assortment of ebooks, videos, webinars, and much more, all designed for any level of trader. There are 20+ videos tutorials, for example, on a range of topics, and there is even an ebook that explains the many benefits of their proprietary trading platform. As an extra-added bonus for newcomers, opening an account entitles you to personal one-on-one training from the head of their Analytics Department. You will allowed to participate in four separate webinars with him on such subjects as Money Management, Trading Psychology, Chart Analysis, Trading Strategies, Opteck Competition, and Trading Competitions.

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Support

Bilingual customer service representatives can be reached via live chat, email, or phone. All accounts are entitled to a designated account manager who is professionally trained to answer your queries, provide direct consultancy on the system and its many features, and help you get started in trading with Opteck.

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Safety

Regulation is under the jurisdiction of Belize authorities, as the island is considered a financial center with capable registration and licensing bodies. For security and safety, the website automatically encrypts all personal and trading session data with the latest in 128-bit SSL technology.

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Conclusion

Simplicity is good, especially in the binary option trading world. It is far too easy to get distracted and then to resort to a gambling mentality. The management team at Opteck wants to prevent this situation from ever happening by providing a focused, user-friendly approach to this new and exciting genre. They have been operating over three years and appear to have found a good formula for success – selected assets, excellent training and support, and an easy-to-use platform. Their stated goal says it all: “Advancing your trading potential through education and technology is our prime goal. We believe that by doing things as effectively as possible, you are further inclined to accomplish your trading objectives.”

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