Is Opteck a Scam?

Opteck is a brokerage company from Cyprus that started out in the binary options industry back in 2011, but now focuses solely on trading forex and CFDs. We noticed that their popularity among traders has been growing for some time now, so we decided to check things out and see what the reason for that is and if they can be trusted. The idea was to check all of the most important things on the broker’s website (their trading platforms, license, monetary transactions and technical support), so that you can see for yourself is Opteck a scam or a legit company? Read our analysis and find out everything you need to know!

Is Opteck a Scam? | Safety and Support

We’ll start our analysis with the most important safety feature in trading – regulation. When you’re opening an account with a broker, you want to know that they are regulated. That’s the only way you can be 100% sure that the company you’re dealing with is legit.

Fortunately, Opteck is regulated by CySEC – the Cyprus Securities and Exchange Commission – meaning the company complies with strict regulation guidelines. In other words, if you choose Opteck as your trading partner, your trading will be completely safe. Moreover, Opteck segregates the clients’ funds from its own. This means that they keep traders’ money in separated accounts. Apart from that, Opteck uses encryption to protect your personal information, so you don’t have to worry about your data when trading here.

Opteck Contact
Opteck Contact

When it comes to their customer support, their staff works 24/7 and these people really can solve any problem and answer any question you might have. We asked them many questions and they were always quick and reliable.

Is Opteck a Scam? | Deposit and Withdrawal

In this paragraph of our “Is Opteck a Scam?” analysis, we’ll discuss the safety of money transfer options. You can learn more about the details of this part of the broker’s offer in our Opteck Review 2017.

When it comes to deposit, there are a bunch of ways you can fund your account with. The procedure is quite simple and won’t take you more than a few moments to complete it. We’ve tried it ourselves and our experience tells us that everything is executed very quickly and completely safely.

The same goes for withdrawals which are processed within a few business days (usually 3 or 4 days). Keep in mind, though, that your payment service may require additional time to complete their side of the transaction. Also, you can check your withdrawal history anytime you want, which is great when you want to organize your trading in greater detail.

Opteck Banking Options
Opteck Banking Options

This was probably the most important thing people want to know when they ask is Opteck a scam or not. The company has passed our test with ease and we can say that your money is absolutely safe with them, but we have more to examine, so don’t go away!

Is Opteck a Scam? | Trading Platform Options

The last thing we’ll write about in this “Is Opteck a Scam?” analysis are the trading platforms. The broker offers two types of trading platforms: the regular one (desktop) and the mobile application. We’ve traded on both of them and we can say that both of them function perfectly.

They have everything you need: very high speed of execution, user-friendly environment and many cool ad useful trading tools. Besides that, you can choose between many trading options, so you’ll definitely find something that works for you. All prices are updated regularly and all the info you need to make an investment is readily available, so there are no frauds here, either. With that, we think we can conclude this article on a positive note.

Opteck Trading Platform
Opteck Trading Platform

Is Opteck a Scam? | Conclusion

You certainly won’t regret if you choose Opteck as your broker. They are regulated, which means they’re perfectly safe to trade with, and their support team is available 24/7. These people are very capable, so you can rely on them to guide you through whatever you need. You can also deposit and withdraw your funds very easily, plus their trading platform works flawlessly. So, is Opteck a scam? Absolutely not! Open an account with them and you’ll enjoy your every trade.

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Is Opteck a Scam?

Opteck is one of the most popular forex brokers in the business. Founded in 2011 by CentralSpot Trading Ltd, it has acquired many satisfied clients from many different countries over these (almost) six years. But is their level of security good enough for all traders? We conducted a thorough analysis of the system, so if you want to know is Opteck a scam, all you need to do is read on and check out the results!

Is Opteck a Scam? | Broker’s Safety

We decided to begin our Is Opteck a Scam? article by analyzing the broker’s general safety features. Safety is the most important element when it comes to forex trading because, as you know, the industry is quite big, so sometimes you can’t tell a good broker from a bad one right away. Sure, a company can have a fancy website and many attractive things to offer, but if it can’t provide their clients with a trading environment that’s safe and sound, you won’t want to trade with them, now will you?

Fortunately, Opteck is one of the safest brokers we’ve ever traded with. Two things can tell us is Opteck a scam in this part of our investigation. The first one is regulation. Opteck is regulated by a body called CySEC (Cyprus Securities and Exchange Commission), meaning their monetary rules and business practices comply with the requirements of the European Union. This is quite important because only very reliable brokers can get this regulation. The other important fact is that the clients’ funds are held in segregated accounts. In other words, you are fully protected from any loss of capital. Let’s also add the SSL (Secure Sockets Layer) encryption to the list of this broker’s safety features. Because of this, your personal data is extremely well protected at all times, so there’s no way for a third party to gain access to your account.

Opteck Compliance
Opteck Compliance

But there are still many things we have to examine if we want to find out for sure is Opteck a scam or a reliable trading partner. Support is one of them, so stay with us!

Is Opteck a Scam? | Support Team and Education

A very important part of our investigation was testing the broker’s support team. We strongly believe this is one of the most important aspects of any broker – trader relationship. Good communication with the broker’s team can be crucial, especially in case of some technical difficulty. We asked them about various things and used all available methods (phone, a-mail, live chat) to contact them, but we never had any difficulties in getting the answers we needed from the staff. This is very important to note because scam brokers usually do not offer a good support.

Opteck Trading Academy
Opteck Trading Academy

Another advantage of this company that has to be mentioned in this Is Opteck a Scam? analysis is the education center. Apart from webinars and video courses on various subjects, there’s an interesting glossary containing every important term from the forex jargon, as well as an FAQ with answers to all crucial questions. If you visit the broker’s trading center, on the other hand, you can read about technical topics such as trading calendars, fundamental analysis etc. Even if you’re new to this type of trading, you’ll become a pro in an instant! For more interesting features like this, Opteck Review 2017 is where you want to go.

In the next paragraph of this Is Opteck a Scam? article, you can find out everything you need to know about the security of money transfers, so don’t go away!

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Is Opteck a Scam? | Deposit and Withdrawal

Both deposits and Opteck Withdrawals are very simple to complete with this broker, and we are sure you won’t have any problems during the processes. When people ask Is Opteck a Scam?, this is usually what they have in mind. Like we said earlier, SSL encryption protects all your data, and the policies implemented by this broker are in full accordance with all AML practices. As for the payment methods, you can choose between credit/debit cards (Maestro, MasterCard…), bank wire transfers, Skrill, Neteller and other alternative payment methods (AstroPay, PlusPay, Sofort…). We are very happy to say that we tested every single one of them ourselves and never found a single issue. Simply put, your money will always reach its destination. The minimum amount that can be withdrawn is $100 for bank wire transfers and $50 for other payment methods and it will be paid out in the currency that was used to make the initial deposit. One more thing left to check before we can give a final answer on is Opteck a scam and that’s the trading platform. Let’s get moving!

Opteck Banking Methods
Opteck Banking Methods

Is Opteck a Scam? | Trading Platform

Opteck’s trading platform has many advantages: very high speed of execution, great design allowing you to notice important elements with ease and a very diverse trading offer. But the most important thing is that everything runs extremely smoothly and that the prices are constantly updated, so you always have the latest information at your disposal. Never did we encounter any late closures of our trades, any glitches with the execution or any other kind of technical difficulties. You can even test everything out first with an Opteck Demo Account. This is all the more impressive when you realize that the software is provided by TraderSoft, an in-house developer, so you can really be sure that these guys know a lot about this type of trading. It also offers 10 different languages, meaning that no matter where you come from you can expect to easily find your way around here. A free Opteck App can also be easily acquired for all mobile devices. After all this, we really think nothing else needs to be added, and we can wrap this article up with a conclusion.

Opteck Trading Platform
Opteck Trading Platform

Is Opteck a Scam? | Conclusion

At the end of our Is Opteck a Scam? analysis, we can only conclude that this is one completely legit broker and a company that will surely provide you with a great trading environment. Opteck’s trading platform is simply amazing, very intuitive and offers many features, plus there’s also a mobile version of it. As for the transactions, you don’t have to worry about a thing: every money transfer is safe and protected with SSL encryption. On top of that, the company is also regulated by CySEC, so go ahead and open an account with them because you won’t find a safer place to trade.

OPEN FREE TRADING ACCOUNT NOW!