Opteck Review

Opteck Review

Opteck is a binary options broker operating under the name “Central Spot Trading Ltd.” in Cyprus and “CST Financial Services Ltd.” in Belize. The company is regulated by CySEC and IFSC, which makes Opteck one of the few regulated binary options traders.  However, Opteck stands out the most for its Fatwa Mutajarah account geared towards traders in the Middle East as well as a custom-made cloud-based platform available on laptop, pc, mobile, or tablet.

Opteck is a binary options broker operating under the name “Central Spot Trading Ltd.” in Cyprus and “CST Financial Services Ltd.” in Belize.  The company is regulated by CySEC and IFSC, which makes Opteck one of the few regulated binary options traders.  However, Opteck stands out the most for its Fatwa Mutajarah account geared towards traders in the Middle East as well as a custom-made cloud-based platform available on laptop, pc, mobile, or tablet.

Scam Report

Regulated companies cannot be a scam, but one of the entities regulating Opteck, the IFSC, is said to engage in “fishy” activity.   

Deposit Information

Deposits to Opteck can be made in all major currencies using Visa, Mastercard, JCB, Diners Club, bank wire, Skrill, Webmoney, Western Union, or CashU.  The minimum deposit should be made in the equivalent of $250 in the customer’s chosen currency.  

Bonus Information

Opteck gives welcome bonuses between 25%-100% of the initial investment.  

Trade Options and Payouts

Opteck lists 70+ underlying assets—with trading options including:  High/low, Quick Options, Range, and One Touch.  Trades can range from $25 to $10,000, with investment returns of 65%-100%.  Most returns hover around 85%, and are subject to the company’s withdrawal policies and service fee.  

Conclusion

Opteck has a good reputation and a clean and simple user interface and trading platform.  But their fees are higher than average, and they have fewer trading options than many similar companies.   

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Official Website:  www.opteck.com

Phone Number:  1-877-331-1990

Trading Platform: Custom

Regulation: CySEC, IFSC

Restrictions:  USA traders

 

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