When you are looking at binary options trading, it’s likely that Opteck.com will be among the tops on your favorite broker list. This broker’s website is as simple and streamlined as they come, which is a good thing. Being different from some other brokers that offer only a trading platform and almost nothing else, Opteck obviously wants to give you as much of what there is to know about binary trading before you get down to your business. For that goal, it is recommended that you watch videos about the binary trading world. Moreover, Opteck users learn everything about the trading platform, as well as trading psychology, market analysis and financial management through an online tutorial. One drawback of Opteck that we discovered during this review is that the tutorial’s five lessons are only fully available to active account holders. Another disadvantage is that no demo account is provided. Unlike Banc de Binary as they provide free demo account.
Throughout our Opteck review, the one thing that impressed us most was the fact that Opteck offers an education center that provides potential traders with daily and weekly financial market reports, daily briefings, webinars, tutorials, financial news, and trading signals, etc. You can find the answer to many of your questions on their comprehensive FAQ page, and turn over any that you cannot find to a representative; Opteck’s customer service can be contacted at any time in the day or night via email, online chat or phone.
Opteck Review: Trading Platform
Opteck has an entirely web-based trading platform, as a result of which no download is needed. The mobile trading that the company provides is also especially helpful for those who wish to make binary options trading on the go. Among the three trading options that Opteck’s trading platform offers binary traders are two relatively commonplace options: One Touch trades and High/Low trades.
The more novel Range Trading option was only very recently added to Opteck’s platform, and is a feature that enjoys growing popularity despite not being widely available yet. With range options, it is necessary for a trader to decide whether the conversion rate or price of an asset is going to remain in the range or exceed either of the specified thresholds in a certain time period. A trade can be readily made directly from the asset’s chart, which has a visual that is quite useful in determining the asset’s direction.
The merits of Opteck’s Trading platform include:
- Bonus for referring a friend
- Extensive Education Center
- Trade from charts
- Mobile Trading Support
- Welcome bonus
- High Returns of 85% up to 100%
- User Friendly Trading platform
For this new trading platform, there is still room for improvement in the following areas:
- More underlying assets to trade in
- Demo account for practice trading
Opteck Review: Summary
With an asset selection of only around 50 assets to trade, the offerings of Opteck are kind of limited in comparison with other binary brokers; however, by hitting all the highlights they come as possibly adequate for the majority of binary option traders. The choice of asset consists of the South African Rand and major pairs for the six primary currencies. The list of commodities includes gold, silver, oil as well as coffee and corn. For binary traders who has an interest in equities and indices trade, the choices are relatively slimmer; main indices trade includes S&P500, NASDAQ and Wall Street’s DJ30, along with the German DAX30, French CAC40and Japan’s NIKKEI. Noticeably, the FTSE is not offered bythis U.K. based company as an option. For now stock choices consist of Wall Street blue chips (as well as blue chip wannabes) like Dell, Coca Cola, Google and Facebook as well as U.K and European-traded stocks Vodafone, HSBC, Carreffour and Deutsche Bank.
To sum up, although Opteck doesn’t provide all of the tradable assets as other brokers or all of the extra features, its offerings regarding the way of assets and options trading is certain to suit the demands of a vast majority of binary traders, especially beginners who easily get confused and frustrated due to a wide array of choices.