Is Opteck a Scam?

Last updated: February 7, 2017

Summary

Is Opteck Scam or Legit – The Full Truth!

Check This 100% FREE Opteck Review by Pro Traders

Opteck Minimum Deposit & Promotions – See Below!

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Details

Broker Opteck
Website URL www.opteck.com
Address 6 Vassili Vryonide Street, Office 304, Limassol, 3095 Cyprus
Support Number +44 2081669895
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $250
Minimum Trade Amount $25
Payout 85%
Free Demo Account Open Demo
Regulated Yes
Account Types Green, Bronze, Silver, Gold, Platinum, Black
Deposit & Withdrawal Methods Credit/Debit Cards, Bank Wire, CashU, WebMoney, Skrill (Moneybookers)
Number of Assets 70+
Account Currency USD, EUR, GBP
Overall Score 8.5/10

Full Review

Opteck is a binary options broker founded in 2011. It promises secure trading and offers generous bonuses to its users. Our team decided to investigate Opteck and to find out is it a legit or a scam broker?

Review Verdict: Opteck is NOT a Scam

Visit Opteck Official Website

Is Opteck a Scam or Not?

The information about this broker was plentiful and it gave us general overview of Opteck’s reputation. We found out that Opteck.com is a trading name of Centralspot Trading Ltd., regulated by CySEC with authorization number 238/14. Keep in mind that the regulation by a government regulatory agencies does not necessarily mean that the broker is fully reliable, but it sure gives the traders more confidence and some security. Nevertheless we did go all the way acting as a secret customer, opened an account, deposited, did a few trades and did not face any particular concerns.

opteck RFT 728x90

We found a few negative comments online about Opteck. There is no way of knowing which comments are honest and which are from the competitors. Most of the negative comments made by the traders were about withdrawing their profits from Opteck – the delivery period of funds is longer than expected. Other complaints were upon the Customer Support who were not efficient when it came to processing their personal details.

Opteck Trading Platform

The platform used by Opteck is Market Pulse and it is SSL secured. They offer 100 assets with up to 85% payout. There are 4 types of options which traders can trade – High/Low, One Touch, Range and Quick Options. The platform is 100% web-based and you can also use the mobile applications available for iOS and Android.

Opteck in general has made great efforts to make trading binary options smooth, easy and secure. The website is easy to navigate and traders confirm that Opteck platform is simple and responsive. You can make use of the variety of the features that can be found and the rates are straight forward to use and operate. The minimum trade size is $25.

opteck-demo-account

Review Verdict: Opteck is NOT a Scam

Visit Opteck Official Website

The education section at their website is available to all visitors and you can create your own binary options trading strategy watching the videos and reading the educational materials. They also publish a daily technical analysis where traders can check to see if there are any good trading opportunities for the day.

Opteck Account Types and Bonuses

  • Basic Account – $250 – $499 – 20% welcome bonus, chat support, daily market reviews and educational materials.
  • Bronze Account – $500 – $999 – 30% welcome bonus, account manager, demo account and free access to educational materials.
  • Silver Account – $1,000 – $4,999 – you can get between 10-20 trading signals per day, 40% welcome bonus, demo account, webinars, e-book and account manager.
  • Gold Account – $5,000 – $9,999 – 20-30 trading signals per day, 60% welcome bonus,demo account, webinars.
  • Platinum Account – $10,000 – $24,999 – 30-40 trading signals, 80% welcome bonus, demo account, private sessions with senior analyst, minimum amount per trade – $100.
  • Black Account – $25,000 – $50,000 – 40-50 trading signals, 100% welcome bonus, demo account, webinars and session with executive account manager.

The broker offers a demo account but it is a bit complicated to use it. The demo feature covers aspects like the indices, commodities, and currencies at one go and you can use it to test some of their platform features before you decide rather to open an account or not with the binary options broker Opteck.

opteck-account-types

By signing up with Opteck you may receive a Cash-Back Welcome Bonus, which may earn you between 25%-100% of your initial investment. However, in order to be able to withdraw your Welcome Bonus you need to trade its amount about 20 times. The other bonus Refer a Friend will bring you 5% of your friend’s initial deposit. The bonuses that are offered at Opteck are also holiday promotions and trading competitions with cash prizes. We recommend you to read the Terms & Conditions and the Bonus Policy to see what are the requirements that should be met by the investors.

How to Get Started?

  1. Sign Upyou can make your registration free of charge, but in order to trade you are required to fund you account with minimum deposit of $250.
  2. Trade & Profit – Traders should choose an asset, choose Call if they predict the price will rise, or Put if they expect it to drop, enter the amount of investment and choose the expiry time and wait for the results.
  3. Withdrawal – you will have to open the Withdrawal Request Form, choose the amount and the method and fill up the required fields.

Review Verdict: Opteck is NOT a Scam

Visit Opteck Official Website

Opteck Deposit and Withdrawal Procedures

The minimum deposit amount is 250 USD/EUR. You can use Credit/Debit card, WebMoney, CashU, Bank wire, PostePay and Moneybookers, Western Union, Neteller as deposit and withdrawal methods.
opteck payment

The withdrawal procedure is pretty standard compared to other binary options brokers. You have to get your documents straightened out and then you can proceed with the withdrawal. You are required to give a copy of your government issued ID and utility bill which will serve as proof of address – a standard requirement coming due to the CySEC regulation.

The minimum withdrawal amount is 50 units in the respective currency you have deposited. This can be selected during your initial deposit and it cannot be changed after that. Opteck accepts all major currencies.

Our advice is, if you are interested in signing up with Opteck consider alternative payment methods since wire transfers are the slowest.

Support Information

The customer support can be reached via email, live chat or telephone. Apart from English the Opteck website is supported in Arabic, French, Italian, Japanese, Polish, Turkish, Russian. There is also a Department of Complaints which the traders can use.

The brokerage company is located at 6 Vassili Vryonidi Street, Office 304, Limassol, 3095 Cyprus.

Conclusion

Opteck binary broker is considered as one of the leading operators on the market considering the fact that it is regulated by CySEC and the number of complaints about it is extremely low. Opteck attracts clients with the variety of accounts which gives freedom to choose from and the easy withdrawal supported by various payment methods.

We believe that Opteck is a secure choice that is suitable for both beginners and advanced traders.good choice isscam

4 Responses to “Is Opteck a Scam?”

  1. Awesome trading platform.

  2. My opinion for Opteck is that it is well suited for newbies and novice traders. For a short time you will increase your investment.

  3. Opteck is my favourite binary option platform! It`s so easy to use and the features are cool

  4. I have always wanted this kind of info about them and now that i have it, i will open an account with them.

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