Trading with Binary Options is a burgeoning activity for investors and traders. It may seem like a complicated thing to do, but in fact, it is a non-complicated way to trade price fluctuations in various global markets. Since trading online is now a big thing for investors, and traders, there are also numerous online trading companies popping up in the market.
Opteck is one of those companies. Opteck is a cut above the rest because it is a trading platform where all binary options are available. It allows the trader to trade up to 70 underlying assets. This platform provides High/Low, Range, One Touch and Quick Trading options. The investment return that they promise to customers is up to 85% of their investment. This is a quick-paced trading agreement, and transactions can last only up to 30 seconds.
With the goal of advancing the trading potential of clients by providing education and technology support, Opteck is a company that has the following features to help online traders:
- Leveled support for advanced and novice traders
- A demo account so that novice traders can gain their confidence in trading
- A cloud-based platform
- A great support team
- Secured client information
The trading platform has real and demo accounts, and mobile trading has recently been added as one of its features. The Opteck Academy offers newbies and experienced trader further knowledge on financial trading, specifically trading using Binary Options.
Regulated by the Cyprus Securities and Exchange Commission (CySec), Opteck was incorporated in 2011. CySec is a government agency in Cyprus that supervises and ensures investor protection and the healthy, transparent state of the securities market. Opteck is also based in Limassol, Cyprus, but it has worldwide presence. Opteck.biz is a trading name of a company called CST Financial Services, Limited. This company is regulated by the International Financial Services Commission (IFSC). IFSC is a government agency in Belize that is responsible for regulating, authorizing and controlling financial services in international sectors. Belize is an English-speaking country in South America and is a former British Colony. After gaining independence from the UK in the 1980s, it sought to gain a foothold in the international financial services sector. CST Financial Services, Ltd. has its headquarters in Belize City, Belize.
There are four easy steps for Opteck clients to get started in trading binary options. The first step is for traders to Select an Asset. There are four assets to choose from: Forex, Stocks, Commodities, and Indices. The next step is to Choose Direction. There are only two directions to choose from in Binary Options trading – Call or Put. If the trader predicts that the price will rise, they will choose “Call”. If the trader predicts that the price will drop, they will then choose “Put.” The third step is to Enter the Desired Investment and the last step is to Invest and Trade.
Once a trader has signed up and already has an account, he or she will have full access to bonuses, full access to the trading academy, a personal account manager and webinars. The client will also have access to about 70 trades with duration of 60 seconds to 1 hour. Opteck will provide the account holder with Access Codes to access the trading platform – placing orders and trading on the platform using a personal computer or mobile device.
There are six types of accounts to choose from. These are the Green Account, Bronze Account, Silver Account , Gold Account, Platinum Account and Black Account. Opteck recommends the Silver Account, for it has the best value. With an initial investment of $1,000 to $4,999, Silver Account holders will get an introductory session with a Senior Account Manager, will receive about 10 to 2 Trading Signals per day delivered by Signals XP, Daily Market Reviews via Email, Free access to 22 video tutorials, and many more.
Opteck offers special bonuses and rewards for its clients. These bonus offers will not only give the clients extra cash, but will also provide knowledge, additional experience, and perks in doing online trading. In short, the bonuses and incentives are meant to encourage and motivate clients to invest more in order to gain the confidence needed to be successful in Binary Options trading.
A Welcome Bonus is given to newly registered clients. When clients register and open an account, they automatically become eligible to receive the Welcome Bonus which entitles them to profit from between 25% to 100% of their initial investment. Clients with Green Account get 25% bonus from their initial investment, those with Bronze Account will get 35%, while those with Silver Account will get 45% bonus. Gold account holders will get as high as 65% bonus from their initial investment, while Platinum Account holders will get 85%. Black account holders will get 100% bonus from their initial investment.
These next two perks give intangible rewards to clients because they provide knowledge and experience that can never be equaled. Even if a client is not yet registered, they are already entitled to use the demo account, which gives them a virtual experience of binary options trading. This shows prospective clients the basic processes involved in this type of trading, while learning the behavior of the binary market. They also get to practice using different investment strategies. When a client is confident enough to do actual trading, they can proceed directly to the real account page to register. When a client has already opened an account, they are entitled to learn from Opteck’s Head of Analytics through a webinar series. Clients will learn four important topics that will be beneficial to Binary Options Trading. These four topics are Money Management, Trading Psychology, Chart Analysis and Trading Strategies.
Payment & currencies
The online trading experience for Opteck will start when an account holder makes an initial deposit, and the deposit amount depends on the type of account that the trader signed up for. It could be anywhere from $250.00 to $50,000.00. All payment methods are secure and safe, protected by SSL technology.
There are several ways to deposit money into an Opteck account. Opteck accepts Credit and Debit Card payments from Visa, Mastercard, JCB, Diners, etc. Clients can also deposit money through Bank Wire Transfer, Skrill, Webmoney, Neteller, and CashU. CashU is popular in Arabic-speaking countries. Time frame for the money to be deposited into a trader’s funds is anywhere between 2 to 5 working days.
Withdrawal methods are just as varied as deposit methods in Opteck. Withdrawal can be made through any e-wallet service or credit and debit cards. It is subject to processing, and the client may wait for 3-5 days to get their cash. If an account holder wishes to withdraw money using Opteck, there is a required minimum amount, which is $50.00. Wire transfer withdrawals have a minimum amount of $100.00. All withdrawals have a service fee of 3.5% of the amount. If the service fee of 3.5% is equivalent to $30.00 or less, then it will remain at $30.00. On the other hand, the maximum withdrawal service fee is $3,500.00.
Platform & assets
The trading platform of Opteck allows the client to make trades on 100 or more underlying assets. This web-based platform has a user-friendly interface armed with charts and trading tools that will greatly benefit the online trader.
Assets that traders can profit from are divided into four types: currencies, commodities, stocks, and indices. Binary options trading will allow the trader to determine price fluctuations between the world’s leading currency pairs such as the Euro versus the US Dollar, the US Dollar versus the Japanese Yen, the Sterling Pound versus the US Dollar, and many more. Clients will also have the opportunity to trade major company stocks such as Facebook, Microsoft, Google, Nike, etc. Major world indices such as Nikkei 225, CAC 40, and many others are also considered. Traders will also get to see if prices of top commodities such as oil, gold, silver, agriculture, etc. will change.
Any type of binary options trade can be placed in Opteck’s four trading platforms. There are four trading options to choose from: High/Low Options, One Touch Options, Range Options, and Quick Options. Choosing these platforms all depend on the trader’s strategies. The first trading platform is High/Low Options. This allows the trader to place either a Call or Put call on a particular underlying asset. This is very popular among binary option traders. One Touch Options has the highest return on investment. The trader can make up to 100% on one trade alone. The trader will determine whether the price of an underlying asset will reach a specific level before its expiration. Range Options is similar to One Touch Options. However, the difference is that a trader gets to select a price range instead of one specific price. Quick Options requires the trader to complete a trade for a certain time frame. It could be 60 minutes, 30 minutes, 10 minutes, 5 minutes, 60 seconds, or 30 seconds.
As much as Opteck’s trading platform is simply one of the best there is, a professional and advanced online platform for binary options traders just wouldn’t be complete without mobile application technology. These days, mobile apps are already a necessity. Traders simply have to access their trading platforms while on the go. Opteck has mobile apps that could be downloaded for both iOs and Android applications. They are compatible with any Smartphone or tablet.
These mobile apps underwent intensive and advanced research to create a multi-assets online trading platform. The Opteck technology team worked hard to bring to their clients an intuitive and user-friendly app. The website has a very useful application guide for Apple and Android users, which illustrates the step-by-step process of creating an account, logging in, the registration page, picking the trading instruments, completing a trade at the trading zone, and getting information from the reports page. Users will also be taught how to use the asset information and trade information buttons. Users will really appreciate this illustrated guide, which makes the sometimes confusing process more understandable. This type of detailed, hands-on training is relevant to users and is exactly the type of support that they need.
Optek’s trading platform is available in 10 different languages with an easy drop-down menu. The 10 languages are English, French, Italian, Dutch, Arabic, Russian, Polish, Turkish, German and Spanish.
Opteck has a professional and responsive customer support team that is dedicated to clients’ needs. There is a support team of account managers who are experts in financial strategies and investments, and there is also a technical support team to help with problems that relate to the application or website.
Opteck has hotline numbers on 23 countries. In Canada, they have separate hotline number for English and French. They have Live Chat and Call back features that are prominently displayed on their website. Opteck also has a list of support emails especially targeted depending on what the concern is. Clients can compose an email query to General Information, the Analysts Desk, Affiliates Department, Customer Support, Customer Support, Trade Disputes, Billing Department, Risk Management, Complaints, Reviews and Suggestions.
Pros & cons
Opteck is superb with its Comprehensive Education Center and its high return offers from 85% to 100%. It also gives bonus to those who will refer a friend. The trading platform is user-friendly and supports mobile trading.
CySec & IFSC
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English, Arabic, German, Dutch, Italian, Russian, Polish, Turkish, French and Spanish
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