Opteck Binary Options Broker Review
Opteck is a binary options broker formed in 2011 by a group of professional investors who wanted to create a firm centralized on simplicity and education. Apart from binaries, Opteck also offers CFD investing.
Opteck is located, regulated, and licensed on the island of Belize.
Their website interface is clear and crisp, and it becomes quickly obvious that Opteck’s educational material is some of the best in the industry. With this said, let’s go over the finer details of trading with Opteck.
Types of Accounts
Opteck offers six different account types. Their lowest account is the Basic account, which requires a $250 minimum deposit and comes with a 20% welcome bonus, daily market reviews, webinars and price alerts for binary charts. Price alerts is a very convenient tool that not many other brokers offer, it allows you to receive notifications regarding the price of specific asset on the brokers own platform.
Their most popular account is the Silver plan, which offers a 40% welcome bonus, an introductory session with an expert, and the ability to receive an extra 1% payout on binary option trades. This is another element of binary trading most brokers don’t offer – the higher the account level, the higher payouts you’re able to receive.
In order to trade CFD’s, traders must, at minimum, sign up through Opteck’s Gold trading account. Their CFD fixed spreads range from 1 to 4 pips per contract.
Trading with Opteck is simple. They offer Quick Options (high/low options with short term expiries), High/Low, Range, and One Touch options. Traders have access to over 1,000 trading assets.
Opteck uses its own proprietary trading platform. The best part is that it’s fully customizable. Settings and appearances can be changed to each trader’s liking. Traders are able to use candlestick charts, popular technical analysis tools, and get some of the fastest execution times in the industry. Opteck also delivers advanced reports, which put an analytical spotlight on your trading to let you know what you’re doing right and what you should’ve done better.
Overall, Opteck is a clean, professionally driven binary options broker with a lot to offer.