Opteck Video Review:
Opteck is a binary option trading platform brand that belongs to a UK company called BNET ONLINE LTD that was established in 2011. The holding company is registered at #788-790, Finchley road, London, UK. The Opteck trading platform is a result of efforts by several professionals from the financial and software development sectors whose aims were to produce a binary option trading platform that caters to both novices and experienced binary options traders. Although Opteck is not regulated by the Financial Services Authority (FSA), as a UK incorporated company, BNET ONLINE LTD is still required to maintain a high standard of fiduciary to their clients according to UK company laws.
As mentioned earlier, the Opteck trading platform was developed for both novices and experienced traders. Being 100% web-based, the trading platform doesn’t require any software to be downloaded in order for it to work. This also means any internet capable computer will be able to access the trading platform. Traders who wish to trade on their Smartphone can download the Opteck App from Apple App Store or Google Play.
The trading platform allows traders to trade in around 60 underlying assets and offers high returns within a time frame of as little as 15 minutes. The platform allows traders to trade directly from the chart as well as from the symbol listing below the chart. This is a massive advantage for placing trades quickly with the full market picture in front of you.
Types of Trades
There are two types of platform options which traders can trade in:
- High/Low Trades
- One Touch Trades
With this type of options, the trader decides whether the expiration price will fall below or above a predetermined price level.
One Touch Trades
This type of binary options is for when a trader thinks the expiration price will either reach and touch the line or will fall below that level by expiry but is unsure of its sustainability over a period of time.
Depending on the types of trade, Opteck offers their clients a payout of as much as 85% to 100% if the option expired in the money. For unsuccessful trades, traders will still get a refund of up to 15% of the invested amount.
Currently, Opteck gives their clients the option to trade in over 60 underlying assets. These include:
Apart from English, the Opteck website is supported in 4 other major languages:
For customer support, Opteck provide 3 methods of communicating with the support team, Live Chat, email and through the phone. For email support, clients of Opteck can email them at firstname.lastname@example.org. For those in the UK who wishe to speak to the support team on the phone, they can call Opteck toll free number at #0800.170.0209. For International clients, they can reach Opteck at +44(0)844.484.2545.
For the convenience of their clients, Opteck provide the following methods for their clients to fund their trading account:
- Major Credit/Debit cards like VISA, Mastercard, and Diner Club
- Wire Transfer
- Webmoney ewallet
Withdrawal of funds is also supported with the methods mentioned above.
The advantages of the Opteck Trading platform include:
- Bonus to refer a friend
- Trade from charts
- Comprehensive Education Center
- High Returns of 85% to 100%
- Support Mobile Trading
- User Friendly Trading platform
- Welcome bonus
Being a new trading platform, Opteck can still improve in the following areas:
- Demo account for practice trading
- Provision of more Underlying assets to trade in
While Opteck could certainly have a larger asset list this is not too much of a setback as most successful traders would focus on very specific assets in which they can become experts. All the major assets are listed. The simplicity of the trading platform makes it ideal for novices to get their feet wet without being overwhelmed by too many choices.