Opteck review – a lot of trading assets and up to 95% payout
Opteck is a CySEC regulated broker based out of Cyprus, which makes it a part of the EU under the MiFID derivative. Opteck is a relatively established Binary Options broker that was introduced in 2011, making it one of the long-standing companies, however, the broker received its regulated status only in 2014. The many years of experience in the industry is certainly an advantage for the company as well as traders who wish to trade with the firm. Several positive attributes make Opteck a great broker, but there are also a few negatives which we will find out in this brief Opteck review.
Opteck Binary Features
- 3 Risk-Free Trades
- Up to 95% Payout
- Over +200 Tradable Assets
Why Should I Choose Opteck Binary Options Broker?
Opteck clients can start trading with a small initial deposit of $250, which offers them access to a wide range of Binary Options such as high/low, touch/no-touch, one-touch, and other high-yield options. Traders can also choose from different expiration time frames that start from as low as 60 seconds. As far as the financial instruments are concerned, Opteck offers up to 100 different assets including currency pairs, stocks, indices, and commodities. The number of financial assets might be small compared to other brokers, but Opteck has ensured to incorporate the most widely traded instruments into their trading platform.
Opteck offers the industry average payout of up to 85% for in-the-money trades, but the interesting fact is that they also offer a cash rebate of 15% for out-of-the-money trades. A majority of brokers don’t usually provide a Cashback and rebates, which makes Opteck an exclusive trading platform to control the risks of Binary trading. Opteck also allows traders to cut their losses well before the expiry time if they find their trades to be going against their position. The ability to close trades prematurely is one important feature that puts Opteck clearly at the forefront, as traders can exit their positions by paying a nominal percentage of their invested capital and cut their losses before it spirals out of control.
The Opteck Trading Platform
The Opteck trading platform used for desktop operating systems is a web browser based interface that was designed and built by the company’s in-house programmers. Opteck had been using licensed products from Market Pulse and TraderSoft during their initial years in the market, but Opteck was quick to realize that traders are very particular about their trading platforms. This led to Opteck building a revolutionary platform that is not only easy to use and efficient but also offers the most graphically pleasing interface that is guaranteed to impress traders. The platform has all the essential tools and functions built into the platform that makes it easy for traders to access all features with just a click of a button.
Can I Trade Using A Opteck Mobile Platform?
Opteck’s success in designing an excellent desktop platform also paved the way for the company to develop a dedicated Opteck mobile trading platform for devices running on either Android or iOS. Mobile trading platforms are highly popular in the Binary Options market, and it is safe to assume that Opteck has one of the most innovative and user-friendly mobile trading platforms in the industry. Opteck mobile platforms are also inherently secure, which allows traders to enjoy complete peace of mind.
Does The Company Offer A Free Opteck Demo Account?
Once again, it is strange that yet another company decides to offer an Opteck demo account only for customers who have registered a real live account. The lack of a free demo account is a serious drawback, as demo accounts are indicative of a company’s performance, and most traders usually test a demo platform before opening a live account and making a deposit.
Tools & Educational Resources Available For Trading Opteck Binary Options
Opteck Binary Options broker is devoted to offering the best educational materials to their clients to ensure that they are prepared to tackle the markets in an informed manner. Every client receives the standard learning materials upon registering a real account. Opteck has also devised a tier based learning system which is directly dependent on the initial deposit and the type of account. Therefore, the more money you deposit into your trading account, the more Opteck will match you with tools and resources including the help of a dedicated account manager.
Opteck Bonus Offered For Initial Deposit
The company does not provide a clear idea about the available Opteck bonus, as it is dependent on how much a trader can convince the customer service department to offer a hefty bonus. Most clients can enjoy up to a 50% bonus on the initial deposit, but the definite bonus varies according to individual client deposits. In some extreme cases, traders are also known to avail a 100% bonus, but it ‘s hard to receive such an immense amount of bonus without some serious conversations with the company’s official representatives.
Are There Any Precautions While Trading Binary Options At Opteck?
Traders should be careful about the overly enthusiastic account managers that Opteck dedicates to each of their clients. Account managers are employed to work for the company and not for individual customers. These account managers are known to force beginner traders into overtrading, which not only results in cumulative losses but can also lead to a tremendous amount of stress. As a trader, you have full authority and control over your money, and you should not succumb to any pressure from your account manager, irrespective of how attractive the profit potential may seem in the beginning.