Binary trading is a fascinating world that offers people like you the chance to make it rich. That said, it can be very easy to get lost and confused in the trading field and make mistakes that can cost you serious money. That’s why it’s a good idea to have an online broker on your side to help streamline the process and put it right at your finger tips.
With so many possible options on the market, it is hard to choose an online broker you can trust. Opteck is one of the most respected and admired of these brokers and it’s not hard to see why. With nearly 10 years of experience providing customers with online binary brokering, it has fine-tuned its system to meet the unique demands of its clientele.
In this review, we’ll take a look at who Opteck is, how their trading platform works, its many positives, some of its negatives, and get a better feel for how it can help you succeed as a binary trader.
Broker Review Content
Who Is Opteck?
Opteck is a financial trading company that offers a unique platform on which you can interact in the binary trading field. It has expanded its uses to nearly 40,000 users across the world and has become one of the most respected and reliable platforms in the world. It has a truly global reach and provides services for over 80 different countries across the globe.
Its in-house trading software has been tweaked to be as user-friendly as possible. This makes it useful for those who are just getting involved in binary trading. However it also has a variety of other benefits that suit more experienced traders. This makes it a diverse and engaging platform that can be useful for just about anybody who wants to master binary trading.
There are a variety of benefits to using this platform, but it does have one inconvenience that will be discussed below. Fully understanding this piece of software makes it a useful tool for trading that will appeal to a wide range of people. First let’s take a look at some important basic information to gauge whether or not it is right for your needs.
What Are Their Minimum Deposits And Investments?
Anyone who is interested in using Opteck needs to understand the maximum deposits, investments, returns, and bonuses to expect from this software. For example, the minimum deposit that you can make to your account (including to activate it) is $250. This doesn’t mean that you need that amount of money in there at all times, but that you can only deposit that amount or higher.
The minimum investment you can make when trading is $25. This helps keep traders from getting into nickle-and-dime trading that can be hard or nearly impossible to track. The maximum investment you can do in a single transaction is $5,000. That doesn’t mean you can’t invest more money in a single stock or item, but that is the most you can invest at one time.
Bonuses of 100 percent are possible and the maximum return is currently set at 85 percent. This means you can get 100 percent of your investment back if you meet the bonus criteria. You can also earn back 85 percent of all of your investments at a single time, though you can earn more over time. These limitations are designed to protect people from getting in over their heads and getting stuck with investments they can’t sell.
What Currencies Do They Cover?
Currently, Opteck accepts four different currencies: the American Dollar, the European Union Euro, the Great Britain Pound, and the Japanese Yen. They are limited to these four currencies to help protect investors from getting involved in too much currency speculation. This also simplifies trading to the four most important currencies in the world.
One nice thing about Opteck is that it has an automatic currency translator that will help you understand what your currency means when compared to others. In high pressure moments when making big deals, this is crucial to ensuring that you make the right decision and don’t make a rookie investment mistake that could cost you a lot of money.
And for those who are interested in on-the-go mobile trading, there is an Opteck app. This allows you to get full access to your account, updates on the status of your trades, changing prices, and even lets you buy and sell your investments quickly and easily. Mobile trading is the way of the future and Opteck has jumped on the bandwagon to ensure its customers get the best possible results.
What Are Some Positive Attributes Of This Company?
There are many different positive attributes to Opteck. First of all, you can set up a demo account without paying a single dime. This free 30-day trial lets you gauge the ins-and-outs of this trading platform without investing in a regular payment plan. Naturally you’ll be limited in the amount of money you can trade and make, but any successful deals can be withdrawn if you chose not to use the platform.
It also has a uniquely easy-to-use platform that has been streamlined for maximum efficiency. This makes it a great choice for those who are learning how to trade and need a little help with the process. This is a crucial aspect because there are over 100 different assets that can be traded. A streamlined interface allows you to understand these assets and to trade them successfully.
Even better, your withdrawals will be handled in no more than a few working days. This is an important option for many traders and businessmen as they may need to withdraw their money quickly to invest in other items. Quick withdrawal helps guarantee maximum profits and a successful business model based on satisfying the customer.
Are There Any Cons To This Group?
While there are a few design quirks that do make this platform occasionally difficult to use, they are easy to overcome or work around. The biggest problem with it is one that will surprise many investors and likely isolate many from using it: no customers from the United States of America are currently accepted on this platform.
This might seem like a surprising quirk, but it is one that is based heavily on the fact that it was designed specifically for European and overseas trading. While investors can use American Dollars and invest in American companies, Opteck is designed for those who do not live in the country and who want to avoid its unique limitations.
Obviously, this does limit its appeal for many people, but it still makes it open to a vast number of people. As a result, it is only a negative problem for those who are located in the United States and who want to use Opteck. Thankfully for them, there are other platforms available that operate like Opteck and offer them many of the same benefits.
Is There A Maximum Payout?
Maximum payout ranges will vary depending on the return on each trade. They typically run in range from 65 percent to 150 percent. This is important to consider when trading with Opteck, as it may limit your trading or turn you from specific stocks. That said, the payout will be indicated in each trade, making it easy for you to gauge where to invest and how much you should invest.
Which Assets Can Be Traded?
So just what kind of assets are traded on this platform? There are currently a multitude of stocks that can be traded (including most on Wall Street), trading in currency pairs (such as Euro/United States Dollar), various types of commodities (like food and oil), and indices (particularly NASDAQ). Each of these assets has their own benefits and advantages.
For example, people who strike it rich on Wall Street are likely to do so in a big way. That said, Wall Street can be a rollercoaster that is hard to perfect. By contrast, commodities trading is more stable and creates a steady profit train for most traders, but will rarely jump in value like stocks can on Wall Street and in other trading areas.
The key to mastering Opeteck and binary trading is to spread your investments widely.
For example, you could use Opteck to invest in a few promising Wall Street stocks, gauge the progress of the Great Britain and United States dollar pairing, sell oil commodities when it’s at a high, and gauge the progress of the NASDAQ. Doing so is never easier than on an online broker like Opteck.
Final Thoughts
Opteck is an incredible platform that offers you the kind of trading expertise that you deserve. Make sure to try it out, first, with the demo account to get a feel for how it operates. Once you feel comfortable, expand to more serious trading and maximize your profits. Most importantly: have fun without being reckless.