Before signing up with Opteck we advise you to give it a second thought, as there are better brokers with higher score and reliability. There was not enough information to make an informed decision about Opteck in order to rate them as a scam or a legit one. You can see how low they are rated in Google Trends on the graph below.
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In 2011, a team of professionals founded a binary options trading company which they named Opteck. Over the years, Opteck has been able to attract a lot of traders because it offers a simple and user friendly interface. They offer a set of popular assets and a broad range of educational materials to help traders in binary options trading. Their asset choices range from commodities and stocks to indices and currency pairs. To determine if Opteck is legit, we found out more information about whether it is regulated or not. During our investigation it was revealed that Opteck holds licenses from CySEC. The broker was not licensed until May 2015, but now, it is licensed and regulated.
Opteck is a regulated broker and this information in itself clears much of the suspicion about it being a scam. But being regulated doesn’t mean that is safe and reliable. The broker still needs to work on some of their features to become more reliable for its traders. Another thing that we found was that the broker does not rank well on Google Trends and there is not much information available about them. When it comes to binary options trading, our advice is to choose a broker that is regulated.
Opteck Withdrawal Methods
Opteck withdrawal methods include wire transfer, credit and debit cards and some ewallet options. The minimum amount that you must have in your account to request a withdrawal is $50 which we think is pretty good. However, the processing time is 3-4 days and it may take few more days after this to get the funds into the account. How long it takes to get the funds depends on the withdrawal method and the individual’s bank if it is a wire transfer. During our investigation, we have come across several websites where traders have had withdrawal problems. For this reason, we suggest that you read their terms and conditions first before you sign up for a trader account.
Opteck Demo Account
Fortunately, Opteck also offers traders with a demo account which can help them become familiar with the trading platform before they make any real investments. It is always essential for traders to be able to demo trade before they choose a broker. Demo trading is important because it can help increase profits and decrease losses.
Opteck Promotions and Bonuses
The usual bonus offered is 50% of the deposit, but from time to time, Opteck runs other promotions where the bonuses can go as high as 100%. It is very strange that not much information is available from the broker regarding withdrawals of bonuses. But when we investigated, we found out that traders must execute trades at least 20 times of the actual bonus amount to be able to claim their bonus.
Just like other binary options trading brokers, there are several complaints for Opteck as well. Most of them are related to withdrawals and bonuses. We can assume that failure on the part of the trader to understand the minimum wager requirements has led to these complaints. But there are some complaints that we came across that looked very authentic. There are still many better options that you can consider. However, if you choose Opteck, you must proceed with caution.
After making detailed investigation of Opteck our team came to the conclusion that there are other brokers that offer better service and have higher customer satisfaction.
We recommend You to Proceed with the Best Broker which has been ranked to offer the best service amongst over 100 brokers. Or you can Open an Account with at your own Risk.