Opteck is a global binary broker, who is also available for trader in South Africa. This broker is a brand name of Centralspot Trading Ltd and online since 2011.
As one of the trustworthy binary brokers reviewed by us, Opteck has quickly gather an increasing number of South Africans, interested in trading binary options with this broker.
In this Opteck broker review, we will cover main segments of what a trader should know before starting investing in binary trading. Traders will be able to get valuable information about payments, trading features and how to contact this broker.
Opteck Binary Options Trading in South Africa
It is important to mention how Opteck is a regulated binary broker.
Our Opteck broker review revealed us how they use own software, which is not so common among binary brokers. Their platform is really simple and new traders can easily search for needed infor without worrying what to look for and where to find it.
To ensure traders a positive trading experience, Opteck uses SSL encryption technology.
As seen on trading platform for Opteck review, this broker has prepared a set of trade options to choose from, such as High/Low, 60 Seconds, Range Options and One Touch. Each trade needs and expiration time and therefore, available times of expiry with Opteck are: 30 s, 60 s, 5 min, 30 min and 1 hr.
South African traders can choose from 50 primary assets, based on stocks, indices, commodities and currencies. The user-friendly platform has explained trading procedure step by step. Whenever a trader selects an option, the detail is given in menu below the chart. Due to this feature, it becomes convenient for traders to have an eye on ongoing trades.
Opteck Demo South Africa
Our Opteck broker review revealed how this broker offers an excellent and useful trading service: a demo account.
Opteck demo account is one of supportive option that is designed to give a lot of benefits to South African traders. Trade in risk free environment persuades traders to practice various trading options with full concentration.
Opteck broker offers $1000 to place maximum trades in a secured environment. As a result, traders get aware of trading strategies without losing a single penny. Availability of virtual money $1000 makes it easy for South African traders to use a wide range of tools to invest funds in indices, currencies, commodities or stocks.
The Opteck broker review has clarified the bonus system and its wagering terms. Whenever traders meet the turnover compulsions, the trading platform releases the promised bonus. As soon as the terms and conditions regarding the trade are accomplished, the bonus is transferred from trading account to bank account. It is traders’ choice to trade with the bonus or cash out the amount.
Trading services to increase the payout ratio are available to please the investors in South Africa.
In this regard, mobile trading is one of the useful tools that work well with Apple and Android devices. Opteck mobile app feature is playing vital role in binary industry since it is complimentary for traders who cannot stay at home to place trades in binary options.
Now, it is trouble-free for professionals to login mobile version and receive updates round the clock.
Opteck Scam South Africa
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 Trading Accounts South Africa
Apart from demo account, there are several other accounts to support traders from all levels.
It is objective of Opteck broker to provide a platform that can understand needs of South African traders.
For Muslim traders, Islamic accounts are on hand that do not charge any interest. Islamic accounts can be customized as per individual preferences.
Opteck Basic account
- Minimum deposit $250
- Welcome bonus 20%
- Free access to Education Center
- Ebook + daily market news
- Price alerts
Opteck Bronze account
- Minimum deposit $1000
- Welcome bonus 30%
- Free access to Education Center
- Ebook + daily market news
- Price alerts
- introduction sessions with an Expert
Opteck Silver account
- Minimum deposit $2500
- Welcome bonus 40%
- Free access to Education Center
- extra payout 1%
- Ebook + daily market news
- Price alerts
- introduction sessions with an Expert
Opteck Gold account
- Minimum deposit $10 000
- Welcome bonus 60%
- Free access to Education Center +price alerts
- extra payout 1% for binaries and 2-4% on CFDs
- Ebook + daily market news
- private tutorials with a strategy Expert
- introduction sessions with an Expert
Opteck Platinum account
- Minimum deposit $25 000
- Welcome bonus 80%
- Free access to Education Center +price alerts
- extra payout 2% for binaries and 1-3% on CFDs
- Ebook + daily market news
- private tutorials with a strategy Expert
- introduction sessions with an Expert
Opteck Black account
- Minimum deposit $100 000
- Welcome bonus 100%
- Free access to Education Center +price alerts
- extra payout 3% for binaries and 1-3% on CFDs
- Ebook + daily market news
- private tutorials with a strategy Expert
- introduction sessions with an Expert
Opteck Customer Support Service South Africa
Our Opteck broker review showed how this broker offers assistance via several different ways. Traders in South Africa can contact Opteck through email on [email protected], web form, live chat and phone. Phone is available for 26 countries, however traders in South Africa can use this one: + 27 105 008 586.
If traders desire to be in touch with trading experts through live chat, they get feedback in 10 to 15 minutes. The role of support agent is very supportive and friendly with all traders. Novice traders can get assistance for trading process, selection of trading options, bonuses, software and withdrawal.
So far in Opteck broker review, we noticed how they have an excellent library of education materials.
This is very important for all traders who are in a search to find important information about how to trade and from where to begin. Traders are able to learn more about how to trade binary options and CFDs as well. This comes as novelty on Opteck new redesigned platform.
FAQ section, video courses and tutorials are the available options for professional as well as new traders in order to get access to articles on trading tips, fundamental analysis and technical strategies.
Opteck Minimum Deposit South Africa
To start trading binary options with Opteck, minimum deposit is $250. South African traders can invest in EUR, USD and GBP. Maximum payout available is 89%, as discovered for our Opteck review. Minimum investment per trade is $25 and maximum is $10 000.
As mentioned above in Opteck broker review, this platform is SSL secured. This means how all personal and financial data of registered traders are encrypted and won’t be shared with a third party. Before making any transactions, traders first need to submit few documents to confirm identity.
They are: copy of ID card, proof of address and credit card copy.
Our Opteck broker review revealed how available payment methods are:
- Debit and credit cards – Visa, Mastercard, JCB, Visa Electron and Diners Club
- Bank wire
- E wallets Skrill Moneybookers, Neteller, CashU, iDeal, Neteller, PostePay, QIWI and Western Union
Use of SSL technology has made withdrawal and deposit methods risk free as financial and personal information is saved in encrypted form.
To take out funds from Opteck account, three to four working days are required. Though minimum amount to take out cash is $50; however the amount increases up to $100 for bank wire customers.
Black and Platinum account holders do not need to pay withdrawal charges but Gold, Silver and Bronze account holders are bound to pay $30 as withdrawal fee.