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Opteck – Broker Review and Trader Feedback

4.6 / 5

Attention! We advise to refrain from trading with this broker. We recommend choosing this 👉🏻 reliable broker. For traders from USA, Canada, Australia use 👉🏻 this broker

Ever since Opteck has been established back in 2011, it has been serving hundreds of thousands of online traders and investors worldwide. Focusing solely on CFDs and Forex, this specific broker provides the tools, technology, data and every other component any trader needs in order to start trading and enjoy the entire experience while doing so.

1. General Information

At first glance, the thing that’s so impressive about this broker is the offering of assets it has on their trading platform. With more than 1,000 currency pairs, stocks, commodities, indices and cryptocurrencies you can choose from, the possibilities are nearly endless and the variety is more than impressive. The live data feed that runs on their home page allows you to see what’s happening in the market in real-time and decide which positions to open and when.

Below you can find a list of the Pros and Cons, as well as advantages and disadvantages this broker currently features:

Pros: User-friendly, intuitive and easy to use platform; Vast selection of education materials; More than 1,000 financial assets to choose from; Mobile, tablet and desktop compatibility; Multi-lingual customer support services; Accurate and consistent financial market analysis; 1-click trade execution feature.

Cons: Doesn’t allow to trade on binary options; Can’t open/log-in to your account through Facebook.

2. Advantages and Disadvantages

Regulated Broker: As a regulated broker under CySEC, Opteck operates within strict regulatory guidelines, thus ensuring their traders’ legal interests are protected.

Multiple Choices of Trading Accounts: With 6 different types of trading accounts to choose from, each coming with its own trading conditions, there is a trading account to suit every category of trader.

Comprehensive Educational Center: The educational resources provided by Opteck are one of the most comprehensive among all the brokers in the industry. The educational academy comes with e-books, video training courses and webinars.

No Localized Support: The customer support services are not made available on a localized level. Instead, traders have to rely on an international telephone support number that can be costly to call.

No MetaTrader Trading Platform: Opteck uses a customized trading platform and does not support the popular MetaTrader 4 trading platform.

3. Trading Conditions

At Opteck, the platform is synchronized together with the market. This means that traders can open positions on more than 1,000 assets together with the option to take advantage of “Stop Loss” and “Take Profit” conditions both on CFDs and Forex. On top of that, when you open an account and make a deposit, you are entitled to receive up to X200 leverage on all their tradable assets based on how you’ve filled out the required trading questionnaire. This takes only a couple of minutes and shortly after completion, you can go ahead and start your trading experience.

The process of opening a position is plain and simple: you choose an asset, determine the unit amount, select “SELL” or “BUY”, set trading conditions (*Optional) and hit the invest button. That’s about it. After placing many positions on the Opteck platform, it seems that everything is very smooth and super quick with no delays what so ever in the trade execution flow.

4. Trading Instruments

Trading instruments at Opteck include over 1,000 of the world’s top tradable financial assets, divided into 5 segregated groups: Forex (currency pairs), Stocks, Commodities, Indices and cryptocurrencies. If you would like to read more about the different trading options that this broker offers, you can visit their website and see for yourself what you can trade on.

5. Trading Platform

At first glance, Opteck’s trading platform looks like most other platforms. However, as soon as you start opening positions, you almost immediately see the difference. It’s the smoothness and the flow of the entire process, without any unnecessary delays in the trading execution speed that makes this broker’s trading platform so special. Showcasing both CFDs and Forex on the same platform, you can easily choose which asset to trade on with the assistance of the advanced technical analysis graph on the right side of the screen.

This broker also created a dedicated mobile app for multiple devices, such as the iPhone 7 and Samsung’s S7. It made sure that installing the app takes almost no time at all and that you’ll be able to log-in with the same credentials you’ve used to open your account on the computer. Without too many compliments, they simply couldn’t make it any better. They made sure to include the same exact tools and features that you can find on their web-based desktop platform. Opteck made sure is it sleek, quick and accurate.

6. Account Types

Opteck is offering 6 different account types any trader can choose from, mainly based on how much money he would like to start with. These include Basic, Bronze, Silver, Gold, Platinum and Black. Each account type being offered includes a set of fixed features and benefits that go hand in hand with the deposit requirements.

Apart from the account types mentioned above, Opteck also offers a unique account type called “Islamic Account” that is meant for Muslim traders who wish to stay loyal to their Islamic beliefs. Some of the distinct features that come with this account are: 1. No Interest; 2. No Swap; 3. Zero rollover commissions; 4. No fees for account managers; 5. No overnight positions.

7. Account Opening Process and Withdrawal Conditions

Opening your account at Opteck doesn’t require too much time or effort. You can do so by using the green “Open Account” button located at the top right side of the screen or through the “Account Types” page. Once you complete filling out the basic personal information and press the “Sign Up” button, you are re-directed to a deposit page where you simply select your preferred method of payment. The deposit methods that this broker offers are very versatile and include, amongst others: Credit/Debit card, Bank Wire Transfer, Skrill (Moneybookers), Neteller, Western Union, etc.

Once you’ve selected your payment method and completed your deposit, your account is ready to be used and you can go to the trading room to begin your online trading experience. For additional information about Opteck’s deposit methods, you can visit their Deposits and Withdrawals section.

Withdrawal procedure and conditions at Opteck are pretty much the same like with most other brokers:

1. You’ll have to log-in to your trading account
2. Click the “Trading Room” button
3. Click the Withdraw link, located to the right, under the deposit button
4. Enter the amount you wish to withdraw
5. Click the “Withdraw” button

Once your withdraw request has been approved, your funds will be sent to your bank account using the same exact payment method you made your initial deposit with. Opteck made sure that you won’t encounter any difficulties or issues with it. That is something you should be taking under consideration when choosing your desired online broker.

8. Regulations

Opteck is fully licensed and regulated by both CySEC (Cyprus Securities and Exchange Commission) and the IFSC (International Financial Services Commission). This ensures that all your personal information, including your funds and payment history are constantly monitored and protected by the latest SSL encryption and online security protocols, providing you with the safest trading conditions available in the industry.

9. Education for Traders

Opteck offers plenty of education materials and resources for all of its traders, regardless of their knowledge or experience level. This comes in the form of interactive eBooks, 3-tiers video courses, online webinars, industry jargon glossary and much more. Regardless if you decide to trade CFDs or Forex, you can choose between customized trading videos, a state-of-the-art collection of trading eBooks, daily and weekly technical and fundamental analysis section, useful market news you can use to take advantage of in your trading decisions (Economic Calendar) and a comprehensive asset index page containing all the details you as a trader need to know before opening your next trade.

This broker made sure that these educational tools do work if you use them correctly. Even if you are an experienced trader, it is always better to take advantage and utilize the resources your broker gives you than to think you already know everything and eventually get disappointed from your online trading outcomes. Feel free to go ahead and visit this extremely useful section.

10. Should you trade with Opteck?

Well, it all depends who you are asking. Opteck invested a lot of time and effort in order to make sure its traders will be highly impressed with almost all the services and features it is offering, especially from its trading platform. There is no better way to describe the overall experience as very positive. If someone would have asked me to rate this broker and give it an overall rating, I would have to say that a 4.75 out of a maximum 5 would be a fair score. After all, it’s one of the most professional, reputable and transparent brokers in its respected industry, and that can’t be taken for granted.

Reviews on Opteck

Comments about Opteck
( 10 )
User rating: 4.5 / 5

Comments: 10

  1. avatar
    tony luis
    02/05/2023

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    5/5

  2. avatar
    Felix Roland
    03/06/2023

    This is for all those who have lost dearly trading binary options and crypto, Mostly, when you are sure that your broker has been scamming you out of tons of cash, it’s normal for you to feel confused and down, but I can assure you that this was the same case with me. I was lucky to meet with Mr. Aaron Gabriel, a computer wizard, and he helped get 80% of my funds back in no less than 48 hours. I am so grateful. I think someone else might need his help, which is why I have to leave this post here as a sign of gratitude for his job well done. Feel free to contact him at [email protected] Please mention that you were referred by me so he can attend to you immediately because he’s been careful of imposters and spy’s

    3/5

  3. avatar
    Recovery Intel
    11/07/2023

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    5/5

  4. avatar
    lilian
    30/09/2023

    i was scam by a scam broker who keep on asking for more money to invest with out making a withdraw so i try looking for help and i come across maiI ; NICK JOVER 4 @ gmaiI .com who help me on the process on getting my lost funds with the team to my surprise i was able to receive all my funds invest in my account include the bonus i cant believe it wow

    4/5

  5. avatar
    Lars Ake
    14/10/2023

    I can say this after my experience with him so please avoid this company by all means. I invested over 2 months a sum of 157,000 euros with intelbondfx, but they took off with my money. ‘W’ kept requesting for money with different excuses. It was until I reported to cp-investigation (.) com that forced a charge-back from intelbondfx before my withdrawal was processed. Investors should avoid brokers like this.

    2/5

  6. avatar
    koven
    07/11/2023

    I invested over $250k trading online and all access to make withdrawals of my funds was denied, I got in contact with the customers support but didn’t get a reasonable response from them, all my funds including my profit was stuck on the platform. I was so sad being frustrated over things, until I was advised to contact gavin ray a well known recovery specialist by a friend of mine who has also encounter withdraw issues solved by Gavin , I texted him and presented all legal documents and following all procedures he instructed and he successfully initiated the withdrawal confirming the payment into my bank account, i recommend his services to anyone you can contact him on email gavinray78 gmail com or WhatsApp ‪+‪1 (352) 322‑2096‬.

    4/5

  7. avatar
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    23/01/2024

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    3/5

  8. avatar
    Jimmy loof
    25/01/2024

    Investment is one of the best ways to achieve financial freedom. For a beginner there are so many challenges you face. It’s hard to know how to get started. Trading on the Cryptocurrency market has really been a life changer for me. I almost gave up on crypto at some point not until saw a recommendation on Elon musk successfully success story and I got a proficient trader/broker Mr Bernie Doran , he gave me all the information required to succeed in trading. I made more profit than I could ever imagine. I’m not here to converse much but to share my testimony; I have made total returns of $10,500.00 from an investment of just $1000.00 within 1 week. Thanks to Mr Bernie I’m really grateful,I have been able to make a great returns trading with his signals and strategies .I urge anyone interested in INVESTMENT to take bold step in investing in the Cryptocurrency Market, you can reach him on WhatsApp : +1(424) 285-0682 or his Gmail : [email protected] bitcoin is taking over the world, tell him I referred you

    5/5

  9. avatar
    Nicholas
    24/02/2024

    You can deposit money and trade but When you want to make withdrawal of your funds they seem to reject it, Which means you can accumulate ur asset on their page , After asking for a withdrawal, I sent another email, but I got no response. When I contacted Gavin ray a recovery specialist for assistance, he looked into the matter and made the necessary arrangements, so I had to take the proper steps in order to receive my money back. He gave me a full refund of the money that was held on the platform via his mail Gavinray78 gmail. com or WhatsApp +13523222096 ,It was a negative encounter with the platform

    4/5

  10. avatar
    Elizabeth jones
    01/03/2024

    Most binary option platforms tend to be unregulated you can deposit more without getting your withdrawal, I was able get my withdrawal issues solved immediately with the help of Gavin ray, he has done so well for me when I reached out to him on his mail [email protected] or WhatsApp +13523222096 he helped me in placing a recovery from the platform and restores my funds.

    3/5

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