Welcome to the WhatAreBinaryOptions.org Official Opteck Review!
Opteck is a brokerage firm that started its operations in 2011; founded by a group of passionate financial experts who are well versed in the financial global market landscape, this firm has quickly climbed the ranks to become one of the most reliable brokers. Opteck’s goal is to allow its customers to follow in their founders’ footsteps and become full-fledged profitable traders of their own.
Opteck offers a streamline platform, a comprehensive training academy, great returns for ‘in the money’ trades, and attractive bonuses.
What’s Good About Opteck?
- Operates a proprietary platform that rivals any major platform brand in the industry.
- Generous welcome bonus offers where traders can earn anywhere between 25 and 100 percent of their initial investment.
- Demo account available to anyone who registers.
- Licensed since October 2014 by CySEC.
- In-depth live webinars about trading psychology, market analysis, risk management, and more.
- Trades available directly from charts.
What’s Bad About Opteck?
- Aggressive marketing campaigns, which traders feel fail to portray the industry and risks involved in an accurate way.
- Some complaints related to the lengthy withdrawal process – this appears to be improving in recent months.
Our Full Opteck Review
Opteck’s trading platform and interface is impressive in the way it is laid out in all simplicity wet with all the functionality required for serious traders. Navigation is quick with the various colored tabs. Trade execution and analysis tools are all available at the click of a button. Time is of the essence when you are trading, as you do not want to miss a great opportunity to profit; therefore, a straightforward, clear, and highly technological platform is essential and exactly what Opteck provides.
Opteck strives for innovation, which shows in its customer acquisition numbers. Its customer base is loyal; traders know they can count on this broker to offer them the latest in tools and strategies in order to make the most out of their trading experience.
Opteck offers four different trading instruments: High/Low, On Demand, One Touch, and Range. These are great for beginners as they are easy to understand; if you require additional assistance, Opteck provides all the necessary material to further your knowledge about the various types of trades.
For traders who enjoy the thrill of quick trades and the possibility of quick returns, the On Demand trading instrument is of particular interest; you can select an expiry that ranges from 60 seconds up to an hour so you do not have to wait long to reap the benefits.
A good number of assets (50+) is offered throughout all four asset categories (currencies, stocks, indices, and commodities).
Security is an issue Opteck takes very seriously. As such, its website is encrypted with 128-bit SSL security, which ensures that all of your personal and financial data is secure, as well as any transactions that occur on the broker’s website.
All educational resources fall under the broker’s Opteck Academy and this section is definitely where the company distinguishes itself from the competition. There is an extensive library of tools available to all traders who sign up. From eBooks, live webinars, videos, one on one trading support, and many articles on various subjects, traders will feel like they are in good hands. Opteck plays a major role in accompanying traders on their journey to success.
Often times, traders must rely on outside sources for fundamental and technical analysis tools and information but this is not the case with Opteck as you will have everything you need to get started within the Academy.
One point worth mentioning pertains to the group of traders who can appreciate these resources the most; while there is some information for novices and advanced traders, we believe newcomers will benefit the most overall. This is not to say that advanced traders cannot find valuable information but since all the basic trading training is so detailed, it may be more appropriate for beginners.
Customer service is an area where many traders felt the company was lacking but this has changed in the past few months where a big effort was made to improve on customer relations. As such, since many complaints were targeting the withdrawal process specifically, wait times have largely improved. Opteck also decided to create a complaints line where traders with an issue have a direct contact point where they can report their concerns. This has been appreciated among the trading community as many traders note how dedicated the company appears to be for resolving pressing issues.
For traders with general questions and concerns, Opteck offers a customer support service available via live chat, phone, or email. Many local numbers are provided on the company’s website in an effort to reduce the number of traders who may have to pay international call fees. If you do not have access to a local number, your second best option is to speak with a knowledgeable representative through chat. Your concern should get resolved promptly or you will be referred to someone who can assist you. Lastly, email is also an option but note that wait times may be longer for these queries. Support staff is available in various languages to serve the needs of a diverse community of traders.
Opteck’s reliability is undeniable. It may not be the largest broker in the industry but it has certainly carved an important place among the best. This firm is a breath of fresh air for new traders who may already feel overwhelmed by the knowledge that needs to be acquired in order to become a successful trader. At Opteck, it will not feel like work; with the extensive support provided, you will be able to enjoy learning about trading and will find yourself wanting to push the envelope further as you get more comfortable with basic trading instruments.
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