The software used by Opteck is their own proprietary software. This software is easy to use and you will find it comfortable to travel on the Opteck platform. Opteck trading platform is secured by the SSL Technology, which provides highly safety standards.
To their South African traders, Opteck offers several different trade options, such as Quick Options, High/Low, Range High/Low and One Touch. Available expiry times are: 30 seconds, 60 seconds, 5 minutes, 30 minutes and 1 hr.
Minimum amount to deposit with Opteck is $250 and highest possible return is up to 89%.
With Opteck broker, traders can place trades in USD, EUR and GBP. When registering on Opteck platform, they offer a welcome bonus and amount depends on the chosen account type.
To start trading binary options, minimum investment is $25, while maximum is $10000.
Binary traders in South Africa can start trading binary options with more than 50 underlying assets, available on Opteck trading platform. They can choose among currencies, stocks, commodities and indices.
Opteck has very well explained how does trading process looks like and what is the difference between few available trading options, mentioned above in our review.
For example, when you buy an option, it will clearly show in a menu right underneath the chart. This feature makes it easy and convenient to travel and keep track of ongoing trades taking place.
When we traded on the platform, we find it interesting to trade with range options. Range options are also named boundary options on other sites. You can earn more but the risk is also greater.
One of the great features, available on Opteck platform is demo account. Opteck demo has many advantages for South African traders who want to practice trading binary options at no risk. Once traders log in to the platform, they will get access to a variety of trading instruments and services.
Opteck provides $10 000 to traders to use it on demo and place trades in risk free environment. This way, South Africans can benefit since they won’t be exposed to money loss. With $10 000 virtual money, traders can explore the platform and use different tools in order to invest in stocks, commodities, currencies or indices.
The Opteck bonus system is not what you might be using at other brokers. It is better since the bonus is only released once you have met the turnover requirements. Once you have traded and fulfilled the terms and conditions your bonus money will be moved from your bonus account to your real money account. At this point you can freely cash out the bonus money or trade with the funds as you please.
Opteck review showed us how they offer South African traders several trading services that can lead to high payouts in binary options trading.
Great and very useful trading tool in binary options trading process is mobile trading. Opteck provides traders with a mobile app that is compatible with Android and Apple devices.
Mobile platform is very popular in binary industry because it it excellent for those traders who are often in motion.
With mobile app, they can continue to trade with a variety of trading assets, without need to be in front of their monitors. Traders can use Opteck mobile version of trading platform on smartphones and tablets.
In binary options industry it is appreciated when brokers offer their traders with a wide range of different trading tools and services, which only contribute to the reputation of a reliable binary broker, such as with Opteck.
To traders worldwide, as well as traders in South Africa, Opteck offers trading platform available on different languages, including English, French, Italian, Russian, Polish, Spanish, Dutch and Arabic.
Opteck Demo Account
Opteck has available numerous different trading accounts, including demo account, a variety of trading accounts and islamic account, intended for Muslims.
Demo account is a great way for South African traders to improve trading skills and have more knowledge in the trading process. Because of the presence of multiple different trading strategies, traders can select particular strategies and use them in demo version to see will this bring more success in trading process.
Trading binary options in Opteck demo account is without any risk, because trading in being conducted with virtual and no real money. South African traders who have just joined Opteck platform have found this feature very useful in order to become more experience when trading binary options.
However, islamic account is especially designed for our Muslim traders.
Opteck goal is to provide the best from binary industry to traders around the world. Islamic account is fully adapted to their individual preferences and they can also participate and maximize profit with binary options at no extra charges.
There are 6 trading account types available.
Opteck Basic Account
- deposit $250 – $ 499
- welcome bonus 20%
- total free access to education and PRO webinars
- daily market reviews
- price alerts
Opteck Bronze Account
- deposit $1000
- welcome bonus 30%
- total free access to education and PRO webinars
- daily market reviews
- price alerts
- intro sessions with a trading expert
Opteck Silver Account
- deposit $2500
- welcome bonus 40%
- extra payout 1%
- total free access to education and PRO webinars
- daily market reviews
- price alerts
- intro sessions with a trading expert
Opteck Gold Account
- deposit $10000
- welcome bonus 60%
- extra payout 1% (binaries) + 2-4% (CFDs)
- total free access to education and PRO webinars
- daily market reviews
- price alerts
- intro sessions with a trading expert
- private sessions with strategy expert
Opteck Platinum Account
- deposit $25000
- welcome bonus 80%
- extra payout 2% (binaries) + 1-3% (CFDs)
- total free access to education and PRO webinars
- daily market reviews
- price alerts
- intro sessions with a trading expert
- private sessions with strategy expert
Opteck Black Account
- deposit $100 000
- welcome bonus 100%
- extra payout 3% (binaries) + 1-3% (CFDs)
- total free access to education and PRO webinars
- daily market reviews
- price alerts
- exclusive position access
- intro sessions with a trading expert
- private sessions with strategy expert
Opteck Scam
Customer support is very good at Opteck.
When we went on the live chat to ask some questions we got all the answers we were looking for within a few minutes. The support agent was very friendly and was able to guide us through our questions without any problems. You can expect to get guided through the software, the bonuses or any other issues you wish to discuss. Just ask and you will get assistance about trading process.
Besides live chat, traders in South Africa can contact them on email [email protected], live chat, web form and through telephone for 26 countries worldwide, including South Africa on +27 105008586.
In web form, traders are able to select a topic of their interest, such as general questions, billing, teh issues, trading platform, account verification of promotions.
Chat is also available for all interested traders, where agents are on traders’ disposal 24/6.
Opteck has one of best Academy sections we have seen in binary industry. While evaluating this broker, we were pleasantly surprised about how many useful information can traders in South Africa find when they are in search for help in binary options trading.
Under Education Center, traders are able to find needed info in ebook and video courses (available for binaries and CFDs). Also, under Trading Info tab, more guide topics are included, such as how to benefit from binary options and what tools to use for better performance. This is available for both binary options traders and those interested in CFDs.
Traders can choose among many tutorials, video courses and FAQ section. Such exquisite academy is intended for both new traders and professional ones, who can find a wide selection of articles on technical and fundamental analysis and other significant trading tips and advises.
For anyone who wants to withdraw money from Opteck’s account, first needs to submit few documents. Traders need to verify ID card and address before withdrawal.
Opteck says how depositing and withdrawing funds will be safe, due to SSL Technology protection that encrypts personal and financial data. We did not get any complaints about Opteck scam.
With Opteck, traders can make payments through debit/credit cards (Mastercard, Visa, JCB, Visa Electron and Diners Club), bank wire and e-wallets (Skrill Moneybookers, WebMoney, PostePay, iDeal, Neteller and Western Union).
In order to withdraw funds from account, usual time for Opteck to process the request is 3-4 business days. Minimum amount that traders can withdraw is $50, but in case of bank wire transfer, amount rises om $100. Withdrawal fee is charged $30 for lower accounts, but for Platinum and Black account, no fee is charged.
