Opteck is an established broker that have was originally founded in 2011 as a binary options broker. Starting in the year 2017, they discontinued offering binary options, and rolled out their new CFD Forex trading platform. Opteck is owned by Centralspot Trading Limited, located at: 28th October Street, Lophitis Business Centre, Office 102, 249, Limassol, Cyprus. Their phone number in Cyprus is: +357 22 007 264.
Opteck Platform Review
Opteck uses the TraderSoft trading platform for CFD and Forex trading. They have available more than 1,000 underlying assets from Forex, Stocks, Commodities and Market Indices. You can choose from five different account types. The minimum deposit for a start account is $250, and for large accounts with balances over $10,000 they offer pip spreads of 1 – 3 points.
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).
Opteck License & Regulation
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.Opteck.Biz is regulated in Belize by IFSC, with license number IFSC/60/377/TS/15.
When choosing a Forex broker it is very important to check the they are actually licensed for traders in your country.
With hundreds of brokers to choose from, traders usually choose one of the best brokers, see here.
24Option (read review) is a popular CySEC licensed broker that offers both binary options and CFD trading on their unique platform, see here. They are also popular with people who use the auto trading software from OptionRobot.com.
What was your trading experience with Opteck like? Please leave your review in the comments below.