Is Opteck a Scam?

Opteck is a name that is making the rounds among the trading community. Founded in 2011, this company has steadily improved its reputation over the years. Its professionalism is reflected in the fact that its creators decided to pursue registration with one of the most highly regarded financial authority for binary options regulations in the world, CySEC. Opteck received its license in October 2014.

Some traders have criticized Opteck in the past because of aggressive marketing tactics. Traders felt the company was heavily promoting high returns without being honest and transparent about the risks involved with binary options. In addition, some complaints were made about the lengthy withdrawal process, which made certain traders question the broker’s authenticity.

Thankfully, these issues are now in the past and Opteck has been moving ahead, improving its reliability and thus its reputation among traders. When visiting the company’s website, traders are now able to read a disclosure about the risks involved in this type of trading in addition to having access to comprehensive educational material about risk management. Opteck has also streamlined the withdrawal process and it is now much faster and easier to have any concerns answered. In fact, the company even set up a complaints line for those who have a particular issue they want addressed in a prompt manner.

All these steps have renewed traders’ confidence in this broker. Overall, Opteck is not a scam but rather a reputable, regulated, and trustworthy broker who appears to be dedicated to customer satisfaction.