Opteck

Opteck Broker has been offering binary options trading since 2011. Based in the United Kingdom, the Opteck website is a good choice for beginner traders due to its numerous educational resources and limits on trading amounts.

Company Overview

Name	Opteck
Bonus	Up to 50%
Review On	07/21/2024
US traders are not accepted

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Features

• Educational resources
• High Payouts up to 100%
• Clear and simple trading platform

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Appearance

The Opteck Broker has a sharp-looking website. The minimum deposit is US $25.00, which is one of the lowest in the industry and the investing range is US $25.00 to US $500.00. Despite trading in American currency, the site does not accept United States customers.

Opteck Broker uses multiple tabs at the top of the page to keep the site streamlined and easy to comprehend. Subject tabs include Trading Room, Binary Options, Trading Accounts, Trading Platforms, Deposit & Withdrawal, Analysis, Academy and About Us. The site really emphasizes how easy it is to get started, claiming that they can get you started in only 20 seconds. There is a form for your personal information, and all you need to do is fill it out and click on "Sign Up" to get going.

The software for the trading Web-based platform is Marketspulse, and a mobile trading app is also available.

Overall Score: 73

73

• Bonus, Deposit and Payment 68
• Commissions and Support 80
• User Friendly 60
• No. of Assets and Expiry Time 69
• Mobile Application 53

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Easy-to-Use Template

The home page has a four-step flow diagram showing the steps in creating a binary options contract. The website is clear and easy to comprehend, with large charts, bright colors and big buttons, making every action you take more intuitive than before.

Opteck Broker allows for trades in commodities, currencies (Forex), stocks and indices. Commodities available for trading include gold, silver, crude oil, coffee and corn. There usually are a limited number of actual contracts available as you scroll through the selections. This broker uses a dealing desk, so large High Street banks may be creating these contracts to manage their risk. This limited number of contracts might be a bit too restrictive for more professional traders.

Trading types are High/Low or One Touch. The Opteck Broker uses the Up (Call is green) and Down (Put is red) template for trading. Customers can execute trades directly from charts if they so prefer. Just hit the "Invest Now" button when finished. The charts are easy to read and understand, even for those new to trading of any kind.

Streaming news feeds are available. There is a bonus for the first deposit you make, but the number of bonuses available is more limited than other brokers. There are some competitions that run on the website allowing you to win some money.

Broker Strengths

Call-Back Customer Service

Customer support is by phone, e-mail, call-back or live chat. The website has a Live Chat or Call Back tab that remains on the right-hand side of every screen. Customer service is 24/7 and is helpful and responsive no matter when you call.

Free Educational Tutorials

Opteck is one of the best options for beginners due in part to its easy set-up and various educational features. Reviews praise the "Education Center", which helps new users understand the basics of trading. There are also good lessons on the "Basics of Binary", "Account Types", and "Market Analysis". A free introduction Webinar is available for new users.

Languages supported include Arabic, Dutch, English, French, German, Italian, Japanese, Russian, Polish and Turkish. Traders can receive e-mail alerts to keep them apprised of changes in their trades.

Trading Features

Deposit Methods

Deposit and withdrawal is via credit cards, wire transfer or payment systems, CashU etc. Customers must withdraw funds in the same way that they deposit them. There are no hidden fees, charges or spreads.

Making Money Quickly

Opteck Broker offers a quick-and-easy basic trading platform. It offers mobile trading too along with e-mail alerts that keep you in the loop as much as possible. Beginners will appreciate the quick start functionality for this broker.

However, the limited assets, simple charts and upper limit of US $500.00 might be too restrictive for expert traders. For new users, Opteck Broker offers a nice introduction into the world of binary options trading. The learning curve is very flat with this website. You can make money quickly and effortlessly with Opteck Broker.