Opteck Review 2017

Opteck is a brokerage company that first started dealing with binary options, but switched to Forex after a while. In the last couple of years, this regulated broker has become extremely popular among traders. Since they have their offices in Bahrain, Colombia, Russian Federation, Mexico, Panama, Malaysia, Chile, Peru and New Zealand, we can say that they literary have clients from all over the world. Since they have such a good reputation among traders, we decided to conduct some tests concerning the company’s offer in order to see if they’re really that good. We tested them out and wrote this Opteck review, a comprehensive article in which you can find out everything about the company! Keep reading!

Opteck Review | The login procedure

As you already know, in order to trade, you have to have an account. To open an account here you first have to log in, and we’re happy to say that with Opteck this definitely shouldn’t be a problem. Account creation is quite simple, so you won’t lose more than a minute or two.

In the first step of the login procedure, you’ll be asked to write down some of your very basic data: your name, email address, the country you currently live in and your phone number. Subsequently, you’ll have to choose the currency you would like to use in trading. We would like to warn you that, once chosen, currency cannot be changed, so choose wisely. Apart from that, you’ll have to choose one of the account types Opteck offers to its clients. We’ll talk about that more in the next paragraph of our extensive Opteck review, so stay with us!

Opteck Account Opening Page
Opteck Account Opening Page

Opteck Review | Account Types

Almost every brokerage company has a few account types in its offer, but with Opteck you really have a lot of options. More precisely, there are six Opteck account types to choose from: Basic, Bronze, Silver, Gold, Platinum and Black.

The first one is designed for newcomers in the trading industry. It comes with daily market reviews and price alerts that’ll keep you informed about every important market development and you can have it for only $250. The Bronze account requires a deposit of $1,000. It is also good for beginners, but you get an intro session with the broker’s expert as an extra feature. Than we have the Silver account which requires an initial deposit of $2,500 and is the most popular account in the broker’s offer at the moment.

Opteck Account Types
Opteck Account Types

For more experienced traders Opteck has three special accounts: Gold, Platinum and Black. If you would like to become a holder of the Gold account, you’ll have to deposit a minimum of $10,000. For that money you’ll get an opportunity to trade CFD’s (Contract for Difference) with fixed spreads and a private session with a strategic analyst. Platinum account ($25,000) and Black account ($100,000) are made for full-time trading professionals. Many special privileges come with them, such as exclusive position access.

If you’re a Muslim and would like to trade in accordance with the principles of your faith, there’s a special type of account for you: Opteck Islamic account. It has no fees, no interest and no overnight positions.

Obviously, if you want to access all of this, you have to deposit some money. The following part of our Opteck review will check out how deposits and withdrawals work. Keep reading!

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Opteck Review | Deposit and Withdrawal

So, money transfers. What do you need to know about them? Just like the login procedure, these transactions are also very simple and can be done in just a couple of clicks.

Let’s start with Opteck deposit. In order to fund your account, you’ll first have to log into it. At the top of the screen, you’ll find the green deposit link. After that, you’ll have to choose the payment method you would like to use in your transactions. You can use credit/debit cards, e-money services or bank wire transfers. When it comes to credit cards, you can choose between Visa and MasterCard, but when it comes to e-money services Neteller, Skrill, Yandex many more are at your disposal. If you choose to deposit via bank wire, you’ll have to provide your bank with the company’s bank account details. When the transaction is approved, you’ll receive a detailed invoice via email. The transaction via bank wire can take 3-5 business days. Let’s add that Opteck minimum deposit is set to $250 (the amount needed for a Basic account) and that apart from the USD you can also use GBP and EUR.

Opteck Banking Options
Opteck Banking Options

No Opteck review can be complete without examining the Opteck withdrawal process, which is also very simple. You’ll have to log in, click the trading room button, click the Withdraw link and enter the amount you wish to withdraw. Opteck minimum withdrawal is $100 for bank wire and $50 for any other payment method, which is quite low when compared to other brokers in the industry. Withdrawals are processed within 3-4 business days. All of the transactions are safe and encrypted with the SSL protocol, but you’ll also have to verify your account, meaning you’ll have to send a scan of your proof of identity, proof of residence and the front and the back side of the credit card (if you use credit/debit cards). Opteck withdrawal fee also must be taken into consideration because it amounts to 3.5%.

Opteck Review | Trading Platforms

We’ve come to probably the most interesting part of our Opteck review: the trading platforms. Everyone knows that this is the most important element of every trading experience. If you have a bad trading platform, the chances of winning go down. If you have a decent trading platform, you have bigger chances. We’re happy to say that Opteck trading platform is more than decent.

It wouldn’t be an exaggeration to say that this really is a superb platform. The very first thing we noticed when we started trading here is its simple design. But not simple in a bad way – the features are organized very logically so you can notice with ease everything you can use in trading. Apart from that, Opteck trading platform has another element that’s important for traders – a very high speed of execution. We cannot emphasize enough how important this is, especially if you’re trading in short terms. When the market is in constant motion, the speed with which a platform executes trade can really save the day.

Opteck Trading Platforms
Opteck Trading Platforms

Opteck platform allows you to access 4 markets: forex, stocks, commodities and indices, and the selection of 1,000 tradable assets guarantees that you’ll definitely find something for yourself. In addition, it has all most important tools and charts and also provides its users with price alerts. You can also trade via Opteck mobile app which can be downloaded from the App Store and Google Play for free. We’ve tested that too and it works absolutely perfectly! It has all the features of the desktop platform, but you can use it anytime you want. If you’re into more dynamic type of trading, Opteck app is the perfect option for you. But before you start investing, you can test everything out for free. How? Find out in the next part of this Opteck review!

START TRADING WITH OPTECK NOW!

Opteck Review | Demo Account

Yes, there is a way to try out all the perks of this platform for free! You don’t even have to fund your account to do that – you can simply open an Opteck demo account and start practicing.

Opteck demo provides you with the best way to adapt to a new trading environment and we sincerely recommend you try it, especially if you’re a newcomer in the trading business. This useful feature allows you to trade in a risk-free environment, but everything else is just like using a real account. In other words, Optect demo account is a 100% real simulation of the market you decide to participate in. Therefore, it is a great way to learn, test your knowledge and even develop new trading strategies. Like we said, no deposit is required, so just fill out a short form and you’ll be on your way. But first finish this Opteck review because we have much more interesting features to analyze.

Opteck Trading Platform
Opteck Trading Platform

Opteck Review | Margin and Leverage

In this part of our Opteck review, we’re going to say a couple of words about the trading numbers this broker offers. More precisely, we’re going to talk about the terms ‘margin’ and ‘leverage’.

Let’s start with the leverage. Opteck leverage allows you to control more money than you actually have in your account. Not just more money – it’s much more money. More specifically, when it comes to Opteck, your leverage can go up to 200:1. In other words, you can control 200 times more money than you could control without the margin. For example, with only $500 you can control $100000! This makes Opteck a very generous company, so you should definitely take this information into consideration when choosing your broker.

Another term we need to mention in this part of the guide, Opteck margin, is closely related to the leverage. If you open a leveraged position, you will be required to keep a certain amount of funds as your reserve money. This money has to cover your leveraged trade and it depends on the side of your opened positions and their performance.

More detailed explanation of these terms and some more precise numbers can be found in the Opteck education center, which will also be the topic of our next paragraph! Don’t go away!

Opteck Review | Education

In general, trading is quite simple. You’re just following the market’s behavior and trying to predict what’ll happen next. Although the basic rules are easy to understand, if you want to become a professional and make some serious money trading, you should definitely spend some time learning and practicing. Opening an Opteck demo account is definitely good idea, but Opteck education has more options for you to enjoy.

Opteck Education Center
Opteck Education Center

The Education Center consists of four part: video courses, e-books, glossary and FAQ. There are three types of video courses: “Beginners” is made to explain the very basics of trading, “Advanced” is designed to upgrade your trading skills with lectures such as Passive Trading Rule and Market Analysis Types, while “Professional” is even more specific, meaning that it provides you with information on different types of charts and advanced analytical methods. As for the e-books, by reading them you can find out all you need to know about CFD trading. Glossary will also be very useful for beginners because there you’ll find the definition of every common trading term. Simply, you don’t have to worry if you lack experience: with Opteck you can learn everything you need to know to become a successful trader! There is no doubt that you can rely on these people to provide you with an excellent trading experience and we have more proof for that in the next part of our Opteck review. Read on!

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Opteck Review | Regulation

One of the most important things when it comes to online trading is the broker’s security. A broker may have excellent terms, great offer of accounts and a modern trading platform, but if it’s not completely safe, you probably shouldn’t do the business with them. There are many brokers on the market today and, unfortunately, some of them have a bad approach to all of this, meaning they’ll try to scam their clients and take their money. However, they are a minority and we’re once again happy to say that Opteck is completely safe and that nothing can happen to you when you’re trading here.

You can read more about that in our Opteck Scam Test, but we’d like to emphasize here that this is a regulated broker. They’re regulated by CySEC – Cyprus Securities and Exchange Commission. That means that they have to follow the strict MiFID (Markets in Financial Instruments Directive) rules. This guarantees that nothing can happen to the funds you’re trading with. As we already mentioned earlier in this Opteck review, every transaction is encrypted with Secure Sockets Layer system, which is an additional proof of the broker’s safety.

Opteck Regulation
Opteck Regulation

As for the data, you don’t have to worry about it either. The company uses the personal information of its clients only to provide quality service and security. Every piece of information is treated as confidential and won’t be shared with any third party. All in all, you can just relax and trade – there’s no way an Opteck fraud will happen to you. With that, we can bring this Opteck review to a close – the only thing left to do is to give a short summary.

Opteck Review | Conclusion

At the end of this detailed Opteck review, we would like to repeat one more time all relevant things we have discovered about this broker. First of all, it’s very simple to become their client because the login procedure can be completed in just a few seconds. The minimum amount that you can deposit with Opteck is $250, which is quite fair, and with that amount, you can become a holder of the Basic account. Also, you can choose from a wide variety of payment methods for depositing and withdrawing money. The broker also offers a demo account, a great (and free) way to familiarize yourself with the platform. The platform is well designed and works without the slightest problem, so you’ll adapt to this trading environment in no time. In addition, the trading options and analytical tools will definitely help you in your predictions, but if you need to learn more about them you can always visit the broker’s excellent Educational Center. With features like this, you can count on great service every time, and the broker even has a CySEC license to prove that.

All in all, we can conclude that Opteck has everything a great broker needs. Open an account with them if you want a reliable partner – you definitely won’t regret that decision.

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Opteck Review 2017

The foreign exchange market is getting bigger and bigger every day, and new brokers keep popping up to offer their services to people who want to start investing. One such broker is Opteck, a company based in Limassol, Cyprus. They were founded in 2011, so we can safely say that they really have a lot of experience in the trading business. If you want to find out what they offer when it comes to forex, just read our Opteck Review 2017!

Opteck Review 2017 | Basic Features

In the first paragraph of Opteck Review 2017, we will present some of the most basic forex trading features this company has to offer. With Opteck, forex can be traded anytime while the markets are open (24/5). The trading is based on the so-called CFD (Contracts for Differences) principle, which means that you make a profit by reference to fluctuations in an asset’s price, without actually owning the asset. It’s also good to keep in mind that forex markets are extremely dynamic, which allows you to open trades with very short expiration times. If you are still a beginner in this field, you can always take a look at some of the broker’s CFD video courses to get a sense of how things work around here. Let’s now move on to the following paragraph of Opteck Review 2017, where we will discuss an element that has a massive impact on your experience – the trading platform. Stay with us!

Opteck Home Page
Opteck Home Page

Opteck Review 2017 | Trading Platform

As most traders well know, trading platforms are absolutely essential when it comes to your trading experience. If they are good, your trades will be smooth; if they’re bad, they can cause some real problems. From our firsthand experience, we can say that Opteck has developed an extraordinary trading platform. It’s very intuitive, so you won’t have any problems with finding the things you need. In addition, user-friendly interface will allow you to organize your account the way you like. One of the most important elements that should be mentioned here is the Economic calendar, which is constantly updated and fully integrated in the platform. There are also real-time price alerts through which you can receive notifications about every asset that interests you. The broker also offers Opteck App, a very useful piece of software that allows you to trade anytime you want. It’s available for iOS and Android devices and very intuitive and quick. Thanks to this mobile trading application, you will be able to react instantly, and we all know that time can be crucial when it comes to forex trading. This company also offers interesting account types, but more on that in the following paragraph of Opteck Review 2017.

Opteck Trading Platform
Opteck Trading Platform

Opteck Review 2017 | Accounts

When it comes to account types, this broker really has a great offer. No matter if you’re a newcomer to this industry or an experienced trader, you will most definitely find something for yourself. Let’s start with the simplest account type called Basic. For the deposit of only $250, you will get access to PRO webinars, receive daily market reviews and price alerts, and you will have the broker’s support team on disposal 24/6. We think this is really a great deal for someone who is just getting started in forex trading. Then we have the Bronze account which requires a $1000 deposit. Apart from all the perks of the Basic account, a holder of this account also gets an intro session with an expert from the broker’s expert team. The next type is the Silver account, which requires 2,500 $ to open and is currently the most popular one. There are also Gold accounts (10,000$) and Platinum accounts ($25,000) which give you access to special private sessions with a strategic analyst. Finally there’s the Black account, designed for full-time professionals. To open this account, a $100,000 deposit must be made.

START TRADING WITH OPTECK NOW!

There are also some special types of accounts that deserve to be mentioned in Opteck Review 2017. Islamic account is an account made with Muslim traders in mind, meaning there’s no interest and rollover commissions are set to zero. You can also fully test the platform with Opteck Demo Account without ever having to risk a single cent.

Opteck Account Types
Opteck Account Types

Opteck Review 2017 | Money transfers

There’s one more very important thing that needs to be explained in our Opteck Review 2017: monetary transactions. Let’s first say a few things about the deposit, whose minimum amount is set to $250. Considering that the minimum trade is only 25$, with only one minimum deposit you can trade 10 times! Additionally, there are many deposit methods you can choose between: credit cards (Visa, MasterCard, Diners), Skrill, Neteller, MoneyBookers or bank wire. As for the currencies, you can choose between USD, EUR and GBP. The same method you used for deposit will be used for Opteck Withdrawal. Minimum amount for this process starts at $50, which is a pretty good deal when compared with other brokers because it provides you with a lot of flexibility.

Opteck Deposit Page
Opteck Deposit Page

Opteck Review 2017 | Regulations

If you’re concerned about whether it’s safe to trade with Opteck, the answer is ‘yes’. CySEC, the body in charge of regulating them, guarantees that the company is legit. All funds are held in segregated accounts, completely separate from the broker’s own money. The broker also uses the SSL encryption, which means that the information shared with them is completely safe and that no third parties can access them. Besides that, the broker’s site is checked on a daily basis, which is another way to protect your identity. More on this can be found in our Is Opteck a Scam analysis, so we recommend you head on over there if you want to know more about this company’s security system.

Opteck Compliance
Opteck Compliance

Opteck Review 2017 | Conclusion

After everything stated in this Opteck Review 2017, we can only end it on a high note. This broker will provide you with a safe trading environment, but it will also offer you many trading opportunities. Their account offer is amazing, and the trading platform (also available as an app) will definitely help you become a pro in no time. All you have to do now is open an account!

OPEN FREE TRADING ACCOUNT NOW!