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.
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.
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.
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.