Opteck Review
What is Opteck?
Opteck, a brokerage company, strives to create a unique and simple environment for seamless trading. technology innovation is available with advanced platforms, smart portfolio reports and news.
Opteck was founded in 2011, with headquarters in Cyprus. However, the company has offices all over the world to provide support for customers wherever they need it.
Broker: Opteck
Minimum deposit: $250
Leverage: 1:30 | 1:500
Regulator: CySEC
Year: 2011
Platforms: Opteck WebTrader
HQ: Cyprus
Opteck Licences:
Centralspot Trading (Cyprus), Ltd. - Authorized by CySEC (Cyprus),registration number. 238/14 (no longer available)
CST Financial Services Ltd - Authorized by IFSC, (Belize),registration number. IFSC/60/377/TS/17
Overview
Opteck is a reputable broker that offers trading in CFDs for Forex, stocks, commodities, and indices through a fixed spreads without any commissions charged on trading.
Pros
Opteck is well-regulated
Variety of accounts offered
Zero commissions on trades
Various ways through which
Cons
Services do not cater for global clients, there are restrictions depending on the country of origin
No demo account option
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 4.6
Instruments
The market offering includes trading Forex, stocks, commodities and indicesthrough an fixed spread basis without commissionsand live market quotes. The broker does not offer all market options or thousands of them, but they will only recommend the best ones.
Markets can be accessed through the proprietary trading platform. It features an intuitive but powerful capability and simple trading.
Education
It is important to learn and trade to be a successful trader . Opteck supports their clients in this regard by providing free access to Video courses, eBooks and webinars, daily market reportsand many other resources.
Brokers truly believe that clients have full control of their portfolio. The company's role is to help you do that. experts are also available to help clients with any request in multiple languages.
Is Opteck a safe company or a fraud?
Opteck adheres to the most stringent regulatory guidelines. This ensures a safe trading environment. You, as a trader are treated according to international laws. Opteck, a trading name of Centralspot Trading (Cyprus), Ltd., is licensed and regulated under the Cyprus Securities and Exchange Commission (CySEC).
Opteck also has an offshore entity in BVI. This is not recommended for trading with as this is the only authority that licenses the broker. Opteck holds an additional European license, making it a safe portfolio. However, the company distinguishes client funds by keeping them separate accounts.
Security measures are also used by the broker to handle account details and funds. All information is SSL encrypted, securely stored, and all data is kept confidential.
Trade Platforms
Timing is the most important factor in trading markets. Opteck has designed an advanced system that allows you to get up-to-date market prices with zero delays. The broker offers its own tradable prices , which are derived independently from price providers.
Opteck is a proprietary technology that offers endless possibilities for desktops, mobiles and tablets. It opens markets to top trading tools and live data. The platform allows for fast execution and a variety of instruments.
The platform has a intuitive, simple-to-use interface. The platform features multiple graphs, professional trading signals and integrated marker news.
The Opteck platform has been awarded multiple awards for its functionality and responsiveness. 100% customization allows you to trade CFDs or markets using cutting-edge features that provide instant market access.
Opteck also offers an app that allows you to monitor market opportunities and manage your portfolio and news from your smartphone.
Types of accounts
Opteck created 6 account types that are loaded with tools to meet trading needs and level of expertise. There are Basic, Silver, Gold and Platinum accounts that can be opened. Clients who open larger accounts will get a higher fixed spread.
The Black Account is for clients who are exclusive. It is a completely custom-made account that includes unique features. This is discussed between the client, company and client.
Opteck also created an account that allows traders around the world to trade under Sharia rules. An Islamic account has no interest, no swap, no rollover commissions and no overnight positions.
Fees
As mentioned, Opteck spreads are designed so that the larger the account size, the better the spread offering. For example, the average spread offering for EUR/USD at 0.03 is. Also see the most popular pairs below.
Always consider rollover and overnight feeas costs. This is approximately -0.00987 if you are short in Eur/Usd, and -0.00125 if you have long positions that last more than one day. You can also compare fees with HotForex.
Opteck Leverage
Opteck allows you to trade with powerful tool leverage. This can increase your chances of making quick gains due to the possibility to open multiple accounts. However, leverage can increase your risk of losing money. Learn how to properly use it.
Opteck leverage offer is determined using various measures, and firstly established according to the regional regulations.
Trading with the global Opteck entity allows you to leverage high levels such as 1;400 or 1:500 . You can also confirm your professional status by trading with them.
If you are a European resident or trade with an Opteck entity automatically, you must comply with ESMA rule. This lowered leverage to 1:30 for Forex instruments and 1:10 for commodities.
Withdrawals and deposits
Opteck has compiled a variety of payment methods that enable you to withdraw or fund profits using the most convenient method. This covers the majority payment methods from around the globe. These options include Debit or Credit Cards, Bank Wire Transfers, and a wide range of electronic payments. See the snap below.
Minimum deposit
Opteck's minimum deposit is dependent on which trading account you choose. Basic grade accounts require 250$ to start. This is a good benefit for beginners. The minimum deposit amount for higher-grade accounts is 1k$, 2.5k$, and even 25k$ to receive the Platinum benefit.
Withdrawal
The withdrawal fee is 3.5%. All other withdrawals are charged at 3.5%.
Conclusion on Opteck
Opteck's review revealed that the company is able to deliver simplicity and has chosen this path as its main route. Trading is confusing today because of the many tools and markets available.
Opteck offers a simple selection of proprietary platforms and powerful markets to trade, along with education and support from the company.
All traders can jointhe business. The deposit requirements to begin are low and the trading pricing is competitive. The company doesn't offer any fancy tools or features that can "impress", but instead focuses more on the straightforward and real process of trading.
Please let us know what you think about Opteck. Share your experiences with pros and cons or ask for additional information.
Opteck Updates
Opteck trading names are no longer available and will not be accessible to traders on the domains where it was previously operated.Centralspot Trading (Cyprus), Ltd., is still active and uses new trading name fxcv.com/eu
Before signing any proposal from OPTECK, or its registered company, we recommend that you do your own research.