- Opteck review
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Review Summary:
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Opteck has a wonderful support team and a strong educational workshop that will help novices begin their binary option trading as well as experts brush up on their skills. As the company ages and expands its languages (for customer service), it could quickly become one of the strongest binary options brokerages available.
Table of contents
Opteck is one of the many new binary option trading brokerages that has opened within the past few years. Opteck is owned by an UK organization called BNET ONLINE LTD that was secured in 2011.
The Opteck exchanging stage is a consequence of exertions by a few experts from the fiscal and programming advancement segments whose points were to transform a binary alternative exchanging stage that indulges both fledglings and encountered double choices brokers. Despite the fact that Opteck is not directed by the Financial Services Authority (FSA), as a UK fused organization, BNET ONLINE LTD is required to uphold incredibly high standards by the laws upheld within the UK.
Top Features of Opteck
The trading platform that Opteck uses has features to assist both beginners and experts alike. While the demo accounts seem to be lacking, there are plenty of extra educational tools to learn your way around their platform as well as Binary Option Trading.
The platform is entirely web based, cutting out the need for downloads and software. You have the luxury of reaching your portfolio from any computer with an internet connection. In addition to the PC option, there is a mobile platform as well. It can be reached through the web, or through an app located in the iStore or Google Play.
Depending on your preferences, there are approximately sixty differ assets, most that offer high returns. The timeframe is negotiable and you can earn your rewards in as little as fifteen minutes. You have the option to make your trades high/low off of the chart or a one touch trade. A one touch trade is when a trader predicts the expiration price at the end of a specific time period to be over or under the touch line. It is a great way for beginners and experts alike to have all of their tools on the screen at one time and make quality and successful trades.
The asset list is rather slim, offering just over sixty underlying assets. Fortunately, most of the choices are the more infamous, regular traded items. The major stocks such as Coca Cola, Dell, eBay and Google are some of the stocks offered. Opteck also has currency trading on the Forex Market including EUR/USD, USD/JPY, EUR/GBP, and GPB/USD.
Opteck Prices
Opteck offers many different accounts, each offering incredible offers. As you climb each tier, the incentives and extras become more and more helpful.
The first is the Green Account. If you plan to open a two hundred to five hundred dollar account you are entitled to this account. There is no demo account, which is a little odd as most people who are only depositing small amounts at first are the beginners who would benefit from having the demo account. Luckily, there are five free educational video tutorials that come with the account. Additionally, there is a twenty five percent sign up bonus.
The next tier of accounts is the Bronze account. It requires a minimum of five hundred dollar deposit and is accompanied with a thirty five percent sign up bonus as well. Beginning at this level you are granted a five thousand dollar demo account in order to test your strategies and insights before taking them to the actual market. The educational values are also boosted, giving you the educational tutorials and daily market reviews.
A silver account requires a one thousand dollar deposit, but the extras are boosted as well. You are extended a ten thousand dollar demo account and extra educational lessons such as trading psychology and market liquidity. Starting at the silver level you are also granted a personal account manager to oversee your portfolio. All of this as well as the forty five percent sign up bonus.
When you start reaching the Gold Account level, the extras become much more noticeable and enticing. The signup bonus boosts up to sixty five percent, with a minimum deposit of five thousand dollars. On top of the sign up bonus, you are given one percent on top of their standard payouts, meaning you have the potential to make even more money. The demo account is enlarged to fifteen thousand dollars and is also given an extra lesson in chart analysis. The personal account manager is a little more knowledgeable and is considered at the senior level.
Platinum accounts are for those whom are looking to invest ten thousand dollars up to twenty five thousand dollars. The one percent payout still holds while the sign up bonus reaches eighty five percent as well, almost doubling your investment. You are given different trading strategies and the account manager is more focused on specific accounts, keeping a closer eye on your money. The trading signals are upgraded to a platinum status as well.
The last, and most extensive account is the black account. Anyone who deposits over twenty five thousand dollars is automatically enrolled, and the extras seem endless. There is a two percent bonus to their standard payouts coupled with a one hundred percent signup bonus. Get personal lessons for their chief broker and even personal phone calls when big events are taking place in the market.
The Downsides of Using Opteck
The brokerage has a lot of great offers to extend to their clients, but with their age and structure there are many cautions to oversee before investing thousands of dollars into their system. The largest is the lack of FSA regulations.
They claim to hold high standards and I am sure that they will; but, there is no overhead to punish them if something does go awry. Excellent advice would be to start small and test the brokerage before investing all of your money into the broker.
Opteck Customer Support
Opteck does have a bilingual staff, covering major languages such as French, Italian, Russian and English (native). Their customer service staff can be reached through three different methods, a live chat, email, or a phone call to either their international or local phone number.
The staff is very helpful and courteous, which is hard to find in Customer Service in this day and age.
Conclusion
Opteck has wonderful account help, a strong educational workshop that will novices begin their binary option trading as well as experts brush up on their skills. As the company ages and expands its languages (for customer service), it could quickly become one of the strongest binary options brokerages available.
