You can choose from five different account types. You have a choice of using either the web based desktop trading platform, or you can download their mobile trading app for Android or iOS.

New traders can get a demo account, once they have a real trading account you will need you customer service representative to fund it for you. Yes, Opteck. Opteck is one of the few brokers that actually has a complaint department because they take complaints seriously.

Traders can email complaints to: [email protected]. What we look for when we review CFD or Forex brokers to determine if they are a legit broker or a scam broker is very simple.

Are the licensed and regulated by a competent government regulator like CySEC in Cyprus, ASIC in Australia or FCA in the United Kingdom. When choosing a Forex broker it is very important to check the they are actually licensed for traders in your country. Luckily, it seems that Opteck has recognized the potential for abuse inherent in such a bonus policy.

This prevents Opteck from abusing their bonus policy and is a highly positive sign of their focus on being seen as legitimate, customer service-oriented broker. To sum it up, the fact that Opteck is now regulated by the CySec, coupled with evidence of their customer-focused policies such as the aforementioned bonus policy, indicates that Opteck is extremely unlikely to be a scam. As we talked about in the above section, Opteck has very permissive withdrawal policies , particularly when it comes to bonuses, which greatly increases its legitimacy in our eyes.

Other unscrupulous broker tactics may be arbitrary cancellation of withdrawals, or simply not processing withdrawals timely or even at all. This is highly unlikely to be the case at Opteck, as such tactics would put it at severe risk of being penalized by the CySec which would include loss of both licensing and legitimacy as well as the potential for heavy financial penalties.

Unfortunately, as we have mentioned in our Opteck broker review , while Opteck is almost certain to be a legitimate broker, its withdrawal policies include many fees which put it at below par compared to the rest of the industry.

For instance, Opteck charges a 3. This is also considered as below average for the industry and is definitely on the higher end of the range when it comes to the total time from withdrawal request up to receipt of funds. Withdrawal and deposit payment options of major credit cards, online payment systems Neteller, Skrill, CashU, Webmoney , and wire transfer are also standard, although we note that most brokers do not typically offer the Webmoney option, which is a plus for Opteck.

One last thing we want to highlight is some of the other types of fees that Opteck charges. Its profit clearance fee structure is as follows:. Again, these additional fees are likely due to Opteck compensating for allowing greater permissiveness in other areas, such as bonus withdrawal requirements. These fees are also stated plainly on its website and are definitely not intended to be hidden or misleading. That being said, all potential customers should be made aware that such fees will be applicable prior to signing up with Opteck.

While binary options trading is nowhere near as complicated as the name might suggest, there is definitely basic knowledge that needs to be learnt prior to starting to trade. Your email address will not be published. Is Opteck Regulated? Opteck Scam Review Unfortunately, many binary options brokers have been exposed as scams or practicing unethical or fraudulent business practices. The example below illustrates an example of how such a shady practice might work: John is signed up with X Broker, which has a minimum trading volume requirement of 40x total account funds in accounts credited with a bonus.

Opteck Withdrawal As we talked about in the above section, Opteck has very permissive withdrawal policies , particularly when it comes to bonuses, which greatly increases its legitimacy in our eyes. Opteck Tips While binary options trading is nowhere near as complicated as the name might suggest, there is definitely basic knowledge that needs to be learnt prior to starting to trade. NowakRüdiger SchultzEmail authorMarkus Westphalen Factors Affecting the Level of Trust and Commitment in Supply Chain Relationships Ik-Whan G.

Kwon, Taewon Suh Toward An Effective Watershed-based Effluent Allowance Trading System: Identifying the Statutory and Regulatory Barriers to Implementation Kurt Stephenson, Leonard Shabman, L. Leon Geyer Regulatory and Legal Pressures and the Costs of Nasdaq Trading Paul Schultz Utility investment behavior and the emission trading market Douglas R.

Capros L. Manzos The Launch of Banking Instruments and the Figuration of Markets. The Case of the Polish Car-Trading Industry HERBERT KALTHOFF Dual-capacity trading and the quality of the market Ailsa Röell Predicting and explaining the adoption of online trading: An empirical study in Taiwan Ming-Chi Lee Method and apparatus for trading securities or other instruments on behalf of customers Steven M.

Wallman Trading Off Between Value Creation and Value Appropriation: The Financial Implications of Shifts in Strategic Emphasis Natalie Mizik Defining and Estimating a Trading Area David L. Huff Dynamics of price and trading volume in a spin model of stock markets with heterogeneous agents Taisei Kaizojia, Stefan Bornholdtb, Yoshi Fujiwara Fraudulently Misstated Financial Statements and Insider Trading: An Empirical Analysis Scott L.

Summers and John T. Sweeney The Economics of Futures Trading B. Goss, B. Yamey Information Technology and Screen-Based Securities Trading: Pricing the Stock and Pricing the Trade Eric K. ClemonS, Bruce W.

One of the most common questions that customers want to know before signing up with a particular binary options broker is whether or not said broker is regulated.

The binary options broking industry is by and largely unregulated, and the nature of the industry has given rise to a few bad apples which have unfortunately tainted the reputation of the entire industry. It also does not help that regulatory bodies such as the Securities and Exchange Commission and the Commodities Futures Trading Commissions in the United States, or the Israeli Securities Authority tend to view binary options in general with suspicion, making it practically impossible for even legitimate brokers to obtain licenses from them.

Nevertheless, there are regulatory bodies that binary options brokers can turn to in order to increase their legitimacy.

While it is true that in the past the agency had a reputation for being lax with enforcement and regulations and attracting all sorts of shady financial entities, that has now changed and CySec has demonstrated a strong commitment to becoming a respected regulatory body with stringent rules and enforcement.

To that end, in the agency enacted a policy change where it decided that binary options would be considered as a financial instrument and thus come under stricter financial regulations. As a result of that policy change, all binary options brokers operating out of Cyprus had 6 months from the date of the announcement to be CySec regulated.

For example, CySec has fined binary options broker Banc de Binary EUR, for soliciting US residents and not disclosing ties to an affiliated business enterprise. As such, CySec has become one of the go-to regulatory bodies that binary options brokers use to obtain licensing and they are currently recognized as the most popular and legitimate regulatory body regulating binary options brokers.

In that vein, we strongly encourage customers to only trade with brokers that are licensed by CySec. The good news for traders who are potentially considering Opteck has their preferred binary options broker is that, yes, Opteck is indeed a regulated entity under CySec.

This step alone puts CySec above the majority of binary options brokers out there and is a huge positive in terms of their legitimacy. If you are a trader whose personal policy is to only do business with regulated binary options brokers a wise policy , you can safely add Opteck to your list. Unfortunately, many binary options brokers have been exposed as scams or practicing unethical or fraudulent business practices.

The customer then finds that he or she is unable to make any withdrawals from said account until the minimum trading volume requirement is met, or having to pay stiff penalty charges. Most brokers, including many legitimate ones, have the same requirements on bonuses, although the better ones usually enact lower multipliers on minimum trading volumes. It is in this area that Opteck stands out clearly from the field. Firstly, Opteck only applies the minimum trading volume requirement to select bonus types; Opteck does offer bonuses that do not come with said requirement, such as risk-free bonuses which allow the customer to use the bonus to keep making trades up to the first profitable trade, after which the bonus becomes void.

Secondly, Opteck calculates the minimum trading volume requirement as a multiplier of the bonus portion only, as opposed to the standard industry practice of it being a multiplier of the sum of deposits and bonuses. This means that although the multipliers that Opteck quotes are in the 40 — 50x range which is on the higher end in the industry, in which multipliers generally range from 20 — 60x, the actual minimum trading volume figure would be much lower as it is only a multiplier of the bonus portion and not the total account funds.

This policy also prevents a broker from crediting a small bonus amount to an account which can then lock down the funds in an entire account. The example below illustrates an example of how such a shady practice might work:.

John is signed up with X Broker, which has a minimum trading volume requirement of 40x total account funds in accounts credited with a bonus. Luckily, it seems that Opteck has recognized the potential for abuse inherent in such a bonus policy. This prevents Opteck from abusing their bonus policy and is a highly positive sign of their focus on being seen as legitimate, customer service-oriented broker.

To sum it up, the fact that Opteck is now regulated by the CySec, coupled with evidence of their customer-focused policies such as the aforementioned bonus policy, indicates that Opteck is extremely unlikely to be a scam. As we talked about in the above section, Opteck has very permissive withdrawal policies , particularly when it comes to bonuses, which greatly increases its legitimacy in our eyes.

Other unscrupulous broker tactics may be arbitrary cancellation of withdrawals, or simply not processing withdrawals timely or even at all. This is highly unlikely to be the case at Opteck, as such tactics would put it at severe risk of being penalized by the CySec which would include loss of both licensing and legitimacy as well as the potential for heavy financial penalties.

Unfortunately, as we have mentioned in our Opteck broker review , while Opteck is almost certain to be a legitimate broker, its withdrawal policies include many fees which put it at below par compared to the rest of the industry. For instance, Opteck charges a 3. This is also considered as below average for the industry and is definitely on the higher end of the range when it comes to the total time from withdrawal request up to receipt of funds.

Withdrawal and deposit payment options of major credit cards, online payment systems Neteller, Skrill, CashU, Webmoney , and wire transfer are also standard, although we note that most brokers do not typically offer the Webmoney option, which is a plus for Opteck.

One last thing we want to highlight is some of the other types of fees that Opteck charges. Its profit clearance fee structure is as follows:. Again, these additional fees are likely due to Opteck compensating for allowing greater permissiveness in other areas, such as bonus withdrawal requirements.

These fees are also stated plainly on its website and are definitely not intended to be hidden or misleading. That being said, all potential customers should be made aware that such fees will be applicable prior to signing up with Opteck. While binary options trading is nowhere near as complicated as the name might suggest, there is definitely basic knowledge that needs to be learnt prior to starting to trade.

Your email address will not be published. Is Opteck Regulated? Opteck Scam Review Unfortunately, many binary options brokers have been exposed as scams or practicing unethical or fraudulent business practices. The example below illustrates an example of how such a shady practice might work: John is signed up with X Broker, which has a minimum trading volume requirement of 40x total account funds in accounts credited with a bonus.

Opteck Withdrawal As we talked about in the above section, Opteck has very permissive withdrawal policies , particularly when it comes to bonuses, which greatly increases its legitimacy in our eyes. Opteck Tips While binary options trading is nowhere near as complicated as the name might suggest, there is definitely basic knowledge that needs to be learnt prior to starting to trade.

NowakRüdiger SchultzEmail authorMarkus Westphalen Factors Affecting the Level of Trust and Commitment in Supply Chain Relationships Ik-Whan G. Kwon, Taewon Suh Toward An Effective Watershed-based Effluent Allowance Trading System: Identifying the Statutory and Regulatory Barriers to Implementation Kurt Stephenson, Leonard Shabman, L. Leon Geyer Regulatory and Legal Pressures and the Costs of Nasdaq Trading Paul Schultz Utility investment behavior and the emission trading market Douglas R.

Capros L. Manzos The Launch of Banking Instruments and the Figuration of Markets. The Case of the Polish Car-Trading Industry HERBERT KALTHOFF Dual-capacity trading and the quality of the market Ailsa Röell Predicting and explaining the adoption of online trading: An empirical study in Taiwan Ming-Chi Lee Method and apparatus for trading securities or other instruments on behalf of customers Steven M.

Wallman Trading Off Between Value Creation and Value Appropriation: The Financial Implications of Shifts in Strategic Emphasis Natalie Mizik Defining and Estimating a Trading Area David L. Huff Dynamics of price and trading volume in a spin model of stock markets with heterogeneous agents Taisei Kaizojia, Stefan Bornholdtb, Yoshi Fujiwara Fraudulently Misstated Financial Statements and Insider Trading: An Empirical Analysis Scott L.

Summers and John T. Sweeney The Economics of Futures Trading B. Goss, B. Yamey Information Technology and Screen-Based Securities Trading: Pricing the Stock and Pricing the Trade Eric K. ClemonS, Bruce W. Weber Network-based trading system and method Miral Kim-E Electronic Call Market Trading Nicholas Economides, Robert A. Schwartz The Informational Role of Upstairs and Downstairs Trading Sanford J. Grossman Related content: Opteck Login Opteck Broker Review Opteck Accounts Is OptionBit Safe?

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