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Opteck Broker Review 2020

  • Min. Deposit $250
  • Min. Invest $25
  • Return 89%

Opteck General Information

A well-known broker name, and a trading name of a Cyprus based Centralspot Trading, Opteck has been available for binary options trading since 2011.

Opteck is also a regulated brokerwhich is another important reason for our Opteck broker review.

Minimum deposit necessary for trading with Opteck is $250, $25 is the minimum investment with the maximum investment being $5000. With Opteck, the highest returns can reach 85%.

Currencies which South African traders can use with Opteck are EUR, USD and GBP.

In the next several sections in our Opteck broker review we shall also describe different types of Opteck trying accounts, interesting and helpful trading tools and features, as well as payment methods and customer support services.

Opteck Trading Platform

A novelty among binary options brokers, Opteck has chosen to use their own proprietary platform instead of numerous trading software available on the market. What that means is that Opteck invested into a software which has been designed to suit their wishes.

Accordingly, they are also using all the necessary measures in order to provide their South African traders a secure trading platform. They utilize Secure Sockets Layer encryption technology which makes certain all info is encrypted and safe.   

As we continued the inspection of Opteck trading platform for our Opteck broker review, we also found out that they offer great trading options which include:

  • High/Low
  • Range Options
  • One Touch
  • Quick Options

Different trading option will appeal to different traders and some, like Range Options are a bit more risky but the profit is also higher.

This well-known broker also offers a range of expiry times which go from 30 and 60 seconds, 5 and 30 min and, lastly, 1h.

Assets, typically sorted into 4 distinct categories of stocks, currencies, commodities and indices also include over 50 underlying assets which available for trading.


Opteck Trading Tools and Trading Features

We also must point out in our Opteck broker review, that they also provide their South African traders with great trading tools and features.

Mobile trading app is an exceptionally useful trading tool which can do more than just generate more profit overall – it can save valuable time too. Binary options trading is an online trading business but with the option to use mobile trading the need to be sitting behind a computer screen is removed. Instead, South African traders can trade binary options no matter the location.

Opteck mobile app is adjusted to be used on both iOS and Android devices as well as on tablets.

The mobile trading platform is user-friendly and easy to use so we do not expect that traders shall encounter any problems.

Trading feature which has proven very popular with numerous traders in both South Africa and around the world is the demo account.

The predominant advantage of using demo account is that it allows traders to test the trading platform and experience the feeling of binary trading but with one significant difference – no risk.

How? Demo account does not have real but rather virtual funds and with Opteck South African traders get $1000 virtual funds for trading. Traders are free to invest the virtual funds in order to get the necessary experience and test various trading options, underlying assets and expiry times.

Just like majority of binary options brokers, we have found out in the course of this review that Opteck too offers various bonuses to registered traders.

Yet, the bonus is only released to traders’ accounts once the terms & conditions pertaining to each bonus are met. That means, depending on the specific bonus, that a specific turnover must be executed in order for traders to get the bonus which they are then free to withdraw.

Opteck Binary Options Trading Accounts

Types of trading accounts available from one broker to the next vary and each offers a specific set of features and advantages which is why we have the whole section dedicated to account types in our Opteck broker review.

When it comes to Opteck, South African traders will be happy to know the choice is wide since aside from demo account and the Islamic account designed for Muslim traders, offers six different trading accounts.

Opteck Green Trading  Account

  • 25% Bonus
  • Chat support & phone support
  • Daily market reviews
  • Ebook on binary options trading
  • Access to 22 educational video tutorials (free)
  • $250 – $499 minimum deposit

Opteck Bronze Trading Account

  • Junior Account Manager –  introduction session
  • Demo account (virtual funds) – $5000
  • 35% Bonus
  • Daily market reviews
  • eBook on Binary Options Trading
  • Access to 22 educational video tutorials (free)
  • Phone and chat support
  • $500 – $999 minimum deposit

Opteck Silver Trading Account

  • Senior Account Manager – introductory session
  • Between 10 to 20 Trading Signals a day
  • 45% Bonus
  • Demo account (virtual funds) – $10000
  • Phone and chat support
  • Daily market reviews
  • Market Liquidity introduction webinar
  • Ebook on Binary Options Trading
  • Access to 22 educational video tutorials (free)

Opteck Gold Trading Account

  • Senior Account Manager  Introduction & Strategy session
  • +1% additional payout
  • 20 to 30 Trading Signals a day
  • 65%  Bonus
  • Demo account (virtual funds) – $15000
  • Ebook about  binary options trading
  • Live chat support, phone support
  • Minimum amount per trade $50
  • Alerts prior to important market events
  • Access to 22 educational video tutorials (free)
  • Two Illuminating Webinars: Trading Psychology & Market Liquidity

Opteck Platinum Trading Account

  • Executive Account Manager Strategy & Introductory session
  • +1% additional payout
  • 30 to 40 trading signals a day
  • 85% Bonus
  • Demo account (virtual funds) – $25000
  • Senior Analyst – private sessions
  • Priority access line available
  • Opteck ebook
  • Phone and chat  customer support
  • Minimum amount for a trade $100
  • Alerts before big market events
  • Three Illuminating Webinars: Chart Analysis, Market Liquidity, Trading Psychology

Opteck Black Trading Account

  • Executive Account Manager session on Introduction and strategy
  • +2% additional payout
  • 40 to 50 Trading Signals on daily basis
  • 100%  Bonus
  • Demo account (virtual funds) – $50000
  • Senior Analysts weekly sessions
  • Priority access line available
  • Opteck ebook
  • Customer support via live chat and phone
  • Minimum amount for a trade $250
  • Alerts delivered before key market events
  • Four Illuminating Webinars

Opteck Customer Service

One of the trademarks pertaining to reliable brokers is certainly professional customer support.

In order to deliver as many info possible in our Opteck broker review, we also contacted their customer support service. We are happy to inform South African traders that all our questions were answered swiftly and delivered all the info we needed.

Therefore, live chat is a great way to communicate with Opteck customer support but it is not the only one. South African traders can also use [email protected] email to contact Opteck agents as well as one of fifteen available phone numbers for countries around the world.

For those South Africans which would prefer to communicate via phone they can do so by using this number: +27 105008586.

Whatsmore, before contacting customer service, traders are advised to study terms & conditions as well as FAQ section which is amazingly detailed and informative and can offer answers to commonly asked questions.  

Another section we must mention in our Opteck broker review is their Academy part which is professionally organized, informative and easy to study and browse. South African traders can sue this section to get informed about binary options trading which can certainly help with how successful the overall trading might be.

Opteck Banking

We shall conclude our Opteck broker review with information on payment methods available with this broker.

Wire transfer is one of the standard options always available but South African traders can also use credit/debit cards like MasterCard, Maestro, Visa, Visa Electron, JCB and Diners Club. Skrill, Neteller and CashU, e-wallets, are also an option which can be used by traders.

Since Opteck makes use of KYC policy (Know Your Client) in order to prevent fraud, money laundering and identity theft, traders must submit a copy of photo ID and credit card as well as a proof of address in order to be able to make withdrawals.

Withdrawal request has to be submitted and then it takes 3 – 5 business days in order to process the withdrawal with several extra days needed until the funds reach the traders account.

If South African traders wish to make a withdrawal via wire transfer the minimum amount is $100 while $50 is the minimum for both e-wallets and credit cards. For Platinum and Black account there is no withdrawal fee while other accounts pay $30 withdrawal fee.

Opteck - Review Conclusion

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