Opteck came onto the binary options scene in 2011 straight from the serene shores of Belize. They trade with an international market, but they stay away from the Americans. Interestingly, they seem to have a particular interest in Islamic clients, judging by the entire page dedicated to special considerations that they made in lieu of Islamic restrictions (additional charges/penalties). Yet, they claim that they don't add extra charges for the general public either.
Opteck has a simple, user-friendly trading platform with a small asset list that appeals to novice traders and people who are drawn to classic features. Moreover, the smartphone app draws in the people who trade a favorite pass time between commutes. But I would not recommend trading on the smartphone if I were you. Serious trading takes concentration and calculation in order to be successful.
If you need support with trades, you can take advantage of their educational opportunities. As an experienced trader, I found them a bit rudimentary. But I think they might be helpful to someone who knows nothing about trading. This company is clearly tailored to the beginning trader.
TRADING OPTIONS AND FEATURES
The Opteck platform offers a variety of trading options and features including:
MINIMUM DEPOSIT:
The minimum deposit for trades is 250 USDGBP.
MINIMUM WITHDRAWAL:
The minimum withdrawal is 50 USD/GBP and subject to a 30 USD/GBP fee
MINIMUM TRADE:
Varies
ACCOUNT TYPES AND FEATURES:
Green: 250-499 USD/GBP- 25% Welcome bonus, live phone/chat support, daily market reviews, e-book, access to educational videos
Bronze: 500-999 USD/GBP- Intro. Session with a Jr. Account Manager, $5,000 demo account, 35% Welcome bonus, daily market reviews, e-book, access to educational videos, live phone/chat support
Silver: 1,000-4,999 USD/GBP- Intro. Session with a Sr. Account Manager, $10,000 demo account, 45% Welcome bonus, daily market reviews, e-book, access to educational videos, live phone/chat support, 10-20 trading signals per day, Intro. Webinar
Gold: 5,000-9,999 USD/ GBP- Intro. Session and strategy session with a Sr. Account Manager, $15,000 demo account, 65% Welcome bonus, daily market reviews, e-book, access to educational videos, live phone/chat support, 20-30 trading signals per day, +1% extra payout, alerts ahead of big market events, 2 webinars
Platinum: 10,000-24,999 USD/ GBP- Intro. Session and strategy session with an Executive Account Manager, $25,000 demo account, 85% Welcome bonus, daily market reviews, e-book, access to educational videos, live phone/chat support, 30-40 trading signals per day, +1% extra payout, alerts ahead of big market events, 3 webinars, priority access line, private sessions with a Sr. Analyst, minimum amount per trade $100
Black: 25,000-50,000 USD/ GBP- Intro. Session and strategy session with an Executive Account Manager, $50,000 demo account, 100% Welcome bonus, daily market reviews, e-book, access to educational videos, live phone/chat support, 40-50 trading signals per day, +2% extra payout, alerts ahead of big market events, 4 webinars, priority access line, weekly sessions with a Sr. Analyst, minimum amount per trade $250
PAYMENT METHODS:
Credit Cards, Money Bookers, Webmoney, Bank Transfer, Western Union, and Cash U
LANGUAGES
Arabic, English, Russian, Italian, Polish, Japanese, Turkish
COMPLAINTS
Opteck appears to be a legitimate company. Sometime disgruntled people who have been "out of the money" blamed their losing streak on the faulty platform. Others complained about slow refunds or about an account manager or two.
CUSTOMER SERVICE
The Opteck customer service is available through multiple departments via e-mail, phone, or live chat. You can also fill out a number of auto forms and attach pictures related to your concerns directly on their website. But sometimes all these options prove to be the company's way of giving you the run around. "Oh, you should have filled out the technical inquiry form" or "No, you should have contacted the Analysts Desk." You know the story. Sometimes, it takes days or weeks in order to get a question addressed.
VERDICT
Opteck has a professional website for the most part (barring the occasional format inconsistency and loooooong small text), nice educational opportunities, and a fairly simple trading platform. But they have some areas where they could use improvement, such as reliable customer service. They earned about 4/6 stars.
Opteck has a simple, user-friendly trading platform with a small asset list that appeals to novice traders and people who are drawn to classic features. Moreover, the smartphone app draws in the people who trade a favorite pass time between commutes. But I would not recommend trading on the smartphone if I were you. Serious trading takes concentration and calculation in order to be successful.
If you need support with trades, you can take advantage of their educational opportunities. As an experienced trader, I found them a bit rudimentary. But I think they might be helpful to someone who knows nothing about trading. This company is clearly tailored to the beginning trader.
TRADING OPTIONS AND FEATURES
The Opteck platform offers a variety of trading options and features including:
- High/Low
- One Touch
- Range High/Low
- Quick Options
- Competitive asset index including stocks, currencies, commodities, indices, pairs
- Market Reviews
- Educational Tools: webinars, e-book, tutorials, account manager, consultations
- Cloud-based platform
- Mobile Trading
MINIMUM DEPOSIT:
The minimum deposit for trades is 250 USDGBP.
MINIMUM WITHDRAWAL:
The minimum withdrawal is 50 USD/GBP and subject to a 30 USD/GBP fee
MINIMUM TRADE:
Varies
ACCOUNT TYPES AND FEATURES:
Green: 250-499 USD/GBP- 25% Welcome bonus, live phone/chat support, daily market reviews, e-book, access to educational videos
Bronze: 500-999 USD/GBP- Intro. Session with a Jr. Account Manager, $5,000 demo account, 35% Welcome bonus, daily market reviews, e-book, access to educational videos, live phone/chat support
Silver: 1,000-4,999 USD/GBP- Intro. Session with a Sr. Account Manager, $10,000 demo account, 45% Welcome bonus, daily market reviews, e-book, access to educational videos, live phone/chat support, 10-20 trading signals per day, Intro. Webinar
Gold: 5,000-9,999 USD/ GBP- Intro. Session and strategy session with a Sr. Account Manager, $15,000 demo account, 65% Welcome bonus, daily market reviews, e-book, access to educational videos, live phone/chat support, 20-30 trading signals per day, +1% extra payout, alerts ahead of big market events, 2 webinars
Platinum: 10,000-24,999 USD/ GBP- Intro. Session and strategy session with an Executive Account Manager, $25,000 demo account, 85% Welcome bonus, daily market reviews, e-book, access to educational videos, live phone/chat support, 30-40 trading signals per day, +1% extra payout, alerts ahead of big market events, 3 webinars, priority access line, private sessions with a Sr. Analyst, minimum amount per trade $100
Black: 25,000-50,000 USD/ GBP- Intro. Session and strategy session with an Executive Account Manager, $50,000 demo account, 100% Welcome bonus, daily market reviews, e-book, access to educational videos, live phone/chat support, 40-50 trading signals per day, +2% extra payout, alerts ahead of big market events, 4 webinars, priority access line, weekly sessions with a Sr. Analyst, minimum amount per trade $250
PAYMENT METHODS:
Credit Cards, Money Bookers, Webmoney, Bank Transfer, Western Union, and Cash U
LANGUAGES
Arabic, English, Russian, Italian, Polish, Japanese, Turkish
COMPLAINTS
Opteck appears to be a legitimate company. Sometime disgruntled people who have been "out of the money" blamed their losing streak on the faulty platform. Others complained about slow refunds or about an account manager or two.
CUSTOMER SERVICE
The Opteck customer service is available through multiple departments via e-mail, phone, or live chat. You can also fill out a number of auto forms and attach pictures related to your concerns directly on their website. But sometimes all these options prove to be the company's way of giving you the run around. "Oh, you should have filled out the technical inquiry form" or "No, you should have contacted the Analysts Desk." You know the story. Sometimes, it takes days or weeks in order to get a question addressed.
VERDICT
Opteck has a professional website for the most part (barring the occasional format inconsistency and loooooong small text), nice educational opportunities, and a fairly simple trading platform. But they have some areas where they could use improvement, such as reliable customer service. They earned about 4/6 stars.