Opteck Review: Honest Binary Options Broker Review

Rating: 97/100
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Overview

Opteck Summary
Founded 2011
Normalized profit Up to 85%
Trading assets Stocks, Forex, Commodities, Indices
Total assets 122
Min. Account size $ 250
Min. Trade size $ 25
Banking methods Credit Cards, Wire Transfer, Moneybookers, WebMoney, CashU
Special features One Touch, Quick Options, High/Low, Range High/Low
Trading Platform Proprietary
Website http://opteck.com

Opteck opened its doors in 2011 and has since grown to be one of the biggest and well respected brokers in the industry.
They have a pretty good selection of assets and options to trade on and among other things, use their own custom designed platform to ensure a better experience.
To top things up, they have won Platform of the year 2011, Best Customer Service and Best Education Centre award, some of which can be attributed to their 24/7 customer service.

Online reputation:
Opteck have done a lot of work not only on their platform, but also on their overall service. This was due partly to satisfy the requirements for the regulation.
The final result is a pretty good platform and overall satisfaction by their customers. The fact that they are still around and growing can on its own be a testament to the fact that their reputation precedes them. Brokers with bad reputations often enough find it very difficult to grow.

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Before we go into reviewing the actual platform, I think I’ll dip into what a lot of traders truly care about when choosing a broker. You see, there are unfortunately a lot of bad seeds in the binary industry who provide really bad support and make it nearly impossible to withdraw your funds.

Unlike some other brokers where they try to make it harder for you to submit a withdrawal by forcing you to send them a FAX or email of a scanned written withdrawal for, Opteck have a fully automated online withdrawal process. Simply access the withdrawal section in your account management page and enter how much you wish to withdraw. If you’ve already submitted all your documentation to validate your account (something we recommend doing right at the start), the process from there is pretty easy and fast.

Bonuses
Bonuses are offered by many brokers as a means to help traders have more liquidity when trading. However, it is important to read the terms and conditions of the bonus before accepting. Many brokers try to hide these T&C and pull them out only when it’s in their interest.
Opteck are pretty clear about the bonuses with a link to the conditions of the bonuses appearing on the home page. There is no need to go digging around to find it.
It clearly states that you can withdraw your initial deposit as the bonus funds are kept separate from your deposit. This is actually pretty good.
There are trading requirements to be able to withdraw your bonus, but the fact that it’s kept separate means you deposit is not linked to the bonus like some brokers do.

Customer Support
So, customer support. Probably the most important aspect of a broker since it basically shows how much they care about their customers.
Opteck offer both chat support and phone support. Better than that, they also offer the ability to request a call back so you don’t have to wait on hold during very busy periods.

Trading Interface
Opteck use their own platform with some interesting options

Quick Options
The idea behind quick options is to allow you to place and complete the trade within a relatively short amount of time. The option here is to select whether or not the asset’s price will be higher or lower at the expiry time.

HighLow

This is the standard or “Vanilla Option” that offers quiet the same as the quick options, only over a larger expiry time option.

Range

The range option is a relatively new addition. It allows you to pick a range in which you expect the asset to be at the expiry time.

One Touch

The one touch is similar to the range, only you select the price you expect the asset to hit sometime between the start time and expiry. The asset does not need to stay there, only reach it an any point during the time defined.

Summary

Opteck, now finally regulated, offers an interesting and pretty solid platform. Their deposit and withdrawal process as well as their support seems to be top notch.

Opteck is definitely worth a visit

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