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Is Opteck a Scam?

Is Opteck a Scam?

Online since 2011, this binary brokerage offers trading services to traders in South Africa and on the global level. The idea behind Opteck is to offer traders in South Africa modern platform that may lead to profit gains.

In the last couple of years, we haven’t noticed any issues or transgressions on the part of Opteck in regards to safety or banking. Their platform provides enough valid information so South African traders can see Opteck pays attention to ensuring safety for registered traders.

Under Terms tab on the bottom of the platform, traders can see listed different policies, such as Terms and Conditions, Privacy policy, Promotions etc.

This transparency and attention to detail show there is no Opteck scam.

Usually, brokers who don’t have any terms or policies listed are most likely a scam, since valid information are the most important part of successful and innovative binary trading process.

This broker is regulated which means that a regulation authority monitors Opteck’s business conduct on financial markets. This also comes as proof of a non-existing Opteck scam, since regulatory status implies that brokers conduct transparent business.

Opteck South Africa

Opteck broker is owned by Centralspot Trading Ltd and has been present on the South African market since 2011.

To offer traders the best trading services, they created a customised trading platform, fully adapted to beginner South African traders as well as professionals.

On this proprietary platform, Opteck offers a wide scope of different trading tools, including a variety of underlying assets, trade options and expiry times. To offer South Africans even more, Opteck has also introduced CFD trading on their user-friendly

To offer South Africans even more, Opteck has also introduced CFD trading on their user-friendly platform. In fact, traders who find this manner of trading interesting can use a CFD trading simulator which can be found on Opteck website.

Minimum deposit to join Opteck South Africa is $250 with investment starting from $25. Traders are able to deposit EUR, USD and GBP. It is important to emphasise that the chosen currency in deposit process has to remain the same as for withdrawing.

Traders will be happy to know that Opteck South Africa is a regulated binary broker. This brokerage company obtains a licence by a  regulatory authority which is responsible for overseeing business transparency in the binary options industry.

Registered traders can choose between six trading accounts with Opteck South Africa, and each has plenty of interesting trading features. This binary broker also offers an Islamic Account suitable for Muslim traders as it follows the Sharia law.

Opteck South Africa also offers an excellent Education Centre where South African traders can find many helpful tools to become more experienced.

Traders have on disposal different trading guides, tutorials and webinars. FAQ is also available and traders can easily search for needed information.

Opteck Support Service 

While reviewing Opteck, we found out they provide absolutely fantastic customer support service. Under Contact Us section which can be found in the About Us tab, traders can see available Opteck support methods.

South African traders can contact Opteck support via phone, email and live chat. They provide assistance via phone for 11 countries.

Opteck support has prepared a list of departments, each with its own email on which traders can ask questions. This way, they will know in which company department specific question falls into.

These departments are for:

  • General information
  • Customer support
  • Technical support
  • Affiliate department
  • Analysts desk
  • Risk management
  • Billing department
  • Reviews
  • Suggestions
  • Trade disputes

Overall, Opteck support review was extremely positive and we were surprised how much attention they invest into assisting traders which each trading step.

Opteck Account Types 

Opteck offers an amazing list of 8 different accounts; six trading accounts, demo account and also Islamic account for Muslim traders.

Each account type has different features and it mostly depends on what is required minimum deposit amount for each account.

Opteck Green account

  • Deposit amount between $250 – $499
  • Access to education webinars

Opteck Bronze account

  • Deposit amount between $500 – $999
  • Access to education webinars
  • Junior account manager
  • Funding demo with $5000

Opteck Silver account

  • Deposit amount between $1000 – $4999
  • Access to education webinars
  • Senior account manager
  • 10-20 signals per day
  • Funding demo with $10000

Opteck Gold account

  • Deposit amount between $5000 – $9999
  • Access to education webinars
  • Senior account manager
  • 20-30 signals per day
  • Funding demo with $15000
  • Trading alerts
  • Extra payout 1%

Opteck Platinum account

  • Deposit amount between $10000 – $24999
  • Access to education webinars
  • Executive account manager
  • Private access line and private trading sessions
  • 30-40 signals per day
  • Funding demo with $25000
  • Trading alerts
  • Extra payout 1%

Opteck Black account

  • Deposit amount between $25000 – $50000
  • Access to education webinars
  • Executive account manager
  • Private access line and private trading sessions
  • 30-40 signals per day
  • Funding demo with $50000
  • Trading alerts
  • Extra payout 2%

Each account type is specific and by providing such wide variety Opteck tries to satisfy various trader needs as well as accommodate different trading styles.

Is Opteck a Scam?
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