Opteck Review

  • Broker Type: Market Maker, STP

  • Leverage: 1:30

  • Regulation: CySEC

  • Min. Deposit: 250 US$

  • HQ: Cyprus

  • Platforms: Opteck WebTrader, Mobile App

  • Found in: 2011

Opteck Licenses

  • Centralspot Trading (Cyprus) Ltd.  - authorized by CySEC (Cyprus) registration no. 238/14
  • CST Financial Services Ltd - authorized by IFSC (Belize) registration no. IFSC/60/377/TS/17

Top 3 Regulated Forex Brokers

Company Brief:

Opteck is the brokerage service company that strives to provide a simple, yet unique environment for a seamless trading. Thus, a technological innovation with advanced platforms, analytical chart, smart portfolio reports, and news are available and developed until very high level. Opteck was found in 2011 while headquarters located in Cyprus, however in order to serve customers whenever they require it the company maintains offices around the globe.

The market offering includes trading CFDs on forex, stocks, commodities, and indices through fixed spread with no commissions and real-time market quotes. Howsoever, since the broker simplifies the process they do not offer thousands or all available market but has chosen the most appropriate ones. Markets are available through the proprietary trading platform that features an intuitive yet powerful capability with simple and straightforward trading.

To be a successful trader it is essential to develop skills by education and trading, hence the Opteck support their client in these regards by free access to the collection of Video courses, eBooks, webinars, daily market review and more. The company truly believes that the client is fully entitled to full control over portfolio so the company role is to support you in that. Furthermore, dedicated support experts are available at all times to assist their clients with every request in multiple languages.

Opteck Review

Licenses, Regulations & Security of funds:

Opteck complies with the strictest regulatory guidelines, that brings a safe trading environment and ensures a safe experience. Opteck is a trading name of Centralspot Trading (Cyprus) Ltd. that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

To provide safe portfolio the company clearly distinguishes client funds from their own by keeping them in segregated accounts. The broker uses the security measures while handling the account details or funds, all information is SSL encrypted and securely stored.

Trading Platforms and Tools:

The most crucial factor when trading the markets is timing, thus Opteck carefully crafted an advanced system to quote up to date market prices with zero delays. The Company provides its own tradable prices which are derived from independent price providers. The main way in which the Company will ensure that the client receives the best execution will be to ensure that the price provided to the client is made with reference and compared to a range of underlying price providers and data sources.

The trading platform that used by the Opteck is a developed proprietary technology with endless possibilities that is available for desktop, mobile and tablets. The platform opens the markets with top trading tools, live data and allows to perform trading though fast execution along with numerous instruments and available features. The platform features user-friendly interface that is intuitive and simple to use. Multiple graphs, integrated marker news and professional trading signals are inserted into the platform.

The platform has won multiple awards for its functionality and response, 100% of customization allows to trade CFDs and markets through cutting-edge features with instant market access.

In addition, Opteck brings an advanced App to seize market opportunities as they happen, to manage accounts and portfolio along with news with ease and comfort.

Accounts:

Opteck designed 6 account types that are packed with tools to fit trading needs and level of expertise. The range includes Basic, Bronze, Silver, Gold, Platinum and Black Accounts that diverse by the deposit requirements and offered conditions to trade, which means with a bigger size of account the client get a better spread offering. Black Account designed for exclusive clients only, which is an absolute tailor made account with unique features that are discussed between the client and company.

First account type, Basic, requires only 250$ deposit and featured with additional tools alike Price alerts, Daily Market Review, access to the Educational center and support from the company, however all accounts including all above mentioned. Further account types demands a specific level of initial balance and are 1,000$, 2,500$, 10,000$, 25,000$ accordingly. As mentioned the higher account size the better spread offering, as an example averaged spread offering for EUR/USD is 0.00030 with leverage 1:400.

In addition, Opteck created a unique account to enable traders worldwide to trade while keeping the Sharia rules. That means an Islamic account includes no interest, no swap, no rollover commissions, with leverage up to 1:200 and no over night positions.

Notwithstanding, due to the regulation in some countries Opteck products offer by CentralSpot Trading Ltd. are not available and restricted for investors in Australia, New Zealand, USA, Canada, Japan, Belgium, Syria, Iran and North Korea.

Deposits and Withdrawals:

The company gathered various payment methods that allow to fund or withdraw profits through convenient method. This simple and secure option includes Credit or Debit Cards, Bank Wire Transfers, e-payments through Skrill or Neteller.

To withdraw funds client should simply submit an online request through the account, once done funds will be sent to the same payment method that was used to deposit. 

Conclusion:

Overall, after Opteck review, the conclusion comes to the simplicity, which company performs and chose as the main path. Nowadays, trading is a quite confusing investment due to numerous offerings, tools, and markets. Yet, the broker brings a simple choice of proprietary platform, powerful markets to trade along with good education and support from the company. Traders of any size can join the company since the deposit requirements are not high to start, as well the pricing from the company, which is based on fixed spread with a competitive figure among the market.  Generally speaking, the company does not bring sophisticated tools or features to “impress” their clients and stick more into the simple and true process of trading.

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