Logging in to your Opteck trading account is a very simple task that can be done from practically anywhere; their proprietary trading platform operates on a cloud and hence can be directly accessed via a web browser; however, if users desire they can also download it via an app on their laptop or PC. Trader on the go? The number of platforms that Opteck has made its trading platform available in is truly impressive and really sets it apart from its competitors, many of which do not even offer simple mobile functionality.
Given this wide range provided, Opteck is highly suitable for traders who are constantly traveling or perhaps those with a significant commute via public transportation; imagine being able to trade and make money while sitting on the train on your way to work! You could even trade while being stuck in long, boring, and pointless corporate meetings as well, although we here do not take any responsibility for any consequences that may result from such an action.
In the complex world of financial instruments and derivatives, binary options are still considered fairly new and are still viewed in a suspicious light by many in the public as well as by certain regulatory agencies. This is due in no small part to the actions of the binary options brokers themselves, as many of such brokers have been exposed as engaged in various fraudulent or unethical practices; a cursory Internet search will bring up numerous horror stories from disgruntled traders with claims varying from unprocessed withdrawals, arbitrary conditions, and false information provided by supposedly knowledgeable account representatives.
Ever wonder why binary options brokers do not solicit customers from the USA or Israel? Well, the simple answer is that the negative reputation of the industry has led to regulations that any broker wishing to solicit customers from those countries would have to register with the Securities and Exchange Commission or the Commodities Futures Trading Commission in the case of the USA, or the Israeli Securities Authority in the case of Israel.
All those agencies have indicated in the past that they would be unlikely to grant any such licenses anyway; in the USA binary options are traded on regulated exchanges instead of through brokers while in Israel it was discovered that most of the unscrupulous binary options brokers were operating out of Israel itself! This unfortunate characteristic of the binary options broking industry can and should be a major cause of concern for all those who are considering entering binary options trading.
They may have researched binary options trading by itself and determined that it was a viable way of generating income, however, they may be put off when they begin to research potential brokers and read the many negative reviews and bad experiences out there. Not to mention that many of the review sites they may find are nothing but obviously biased affiliate marketing websites promoting their favored broker. While there is nothing wrong with affiliate marketing and in fact many such sites are filled with legitimate reviews and resources, after reading numerous highly biased websites, they may become disillusioned with the binary options broking industry as a whole.
That is why that in addition to review sites such as this one, the best and safest option for customers to avoid scam brokers is to select a broker that is regulated by a proper regulatory body as that would not only be a legal sign of legitimacy, but would open up a broker to legal liability in the case of fraudulent practices.
The second European jurisdiction to enact such a move was the Malta Financial Services Authority; however, it has not gained much traction in comparison to CySec. So is Opteck a regulated broker? Good news, because the answer is yes! Opteck is indeed a regulated broker, as it is owned by Centralspot Trading Ltd, which acquired the company in and is a licensed Cyprus Investment Firm under CySec.
So is Opteck a scam? Based on the simple fact that not only is it CySec regulated but also being one of the more established brokers in the market established in , we can confidently say that the probability of Opteck being a scam broker is extremely low. Any such fraudulent activities are sure to be severely punished by CySec, which is trying to improve its own reputation as regulatory agency by being stricter on investment firms under its jurisdiction.
Demo accounts, which are basically mock trading accounts that allow a trader to make real trades without putting actual money on the line, is one of the best ways for a beginning or aspiring trader to learn the real in-and-outs of binary options trading or simply to gain more trading experience.
The bad news is that based on our numerous broker reviews, it seems that only a minority of brokers offer demo accounts to its customers. Opteck is one of those minority brokers.
We view this as a slight negative in our overall assessment of Opteck as such beginner traders are the ones who are most likely to benefit from having a demo account in the first place. There are 6 total account tiers and each one has its own minimum deposit amount as well as its associated benefits. We summarize them below:. Perfect for the busy trader that is always on the move. One of the ways that binary options brokers use to attract customers is via bonuses.
As everybody knows, there is no such thing as a free lunch, and blind acceptance of such bonuses without proper consideration can often become a trap for traders. This is because bonuses typically come with a minimum trading volume requirement for withdrawal, and until that trading volume is met, a trader will not be able to withdraw any funds from an account that has been credited with a bonus without paying stiff penalties to the broker.
Minimum trading volumes for bonus -credited accounts are typically expressed as a multiplier of the total account balance of customer deposits plus any credited bonuses with the multiplier usually ranging from 20 — 60x.
Jack blindly accepts this bonus and begins trading however he soon finds that he is unsuccessful, and wishes to stop pursuing binary options trading. Jack is in for an unpleasant surprise. Even though he has already begun trading, his trades are nowhere near sufficient to meet that volume. His funds are now locked in and he has no choice but to continue trading and potentially lose even more money or pay severe penalties to withdraw said funds if it is even allowed. From the example above, we can clearly see why traders should be extremely wary about blindly accepting offered bonuses.
However, Opteck clearly distinguishes itself in this regard, as any minimum trading volume requirement only applies to the bonus portion itself and not the total account funds! Bonuses are also kept in a segregated account until the volume requirement is satisfied, meaning that traders can withdraw their initial deposits but not the bonus according to regular procedures even before the requirement is met.
Your email address will not be published. Opteck Login Logging in to your Opteck trading account is a very simple task that can be done from practically anywhere; their proprietary trading platform operates on a cloud and hence can be directly accessed via a web browser; however, if users desire they can also download it via an app on their laptop or PC. Is Opteck a Scam? For example, in , Banc de Binary reached a EUR, settlement with CySec for soliciting US customers and failing to disclose an affiliated business enterprise , CySec has also imposed financial penalties on brokers such as ZoomTrader, OptionBravo, and ChargeXP in addition to frequently issuing warnings informing the public that certain brokers have never been regulated under CySec warnings were issued regarding brokers such as NRGBinary, LBinary, and PlanetOption Opteck Demo Account Demo accounts, which are basically mock trading accounts that allow a trader to make real trades without putting actual money on the line, is one of the best ways for a beginning or aspiring trader to learn the real in-and-outs of binary options trading or simply to gain more trading experience.
What is the Minimum Deposit with Opteck? We summarize them below: Opteck Bonus One of the ways that binary options brokers use to attract customers is via bonuses. Predicting bank financial failures using neural networks, support vector machines and multivariate statistical methods: Moskowitz Trading patterns, bid-ask spreads, and estimated security returns: The Case of High Frequency Trading Douglas McCabe Greenhouse gas accounting for inventory, emissions trading and life cycle assessment in the land-based sector: Jaffe United States v.
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