Review of Opteck

Trade binary options on Opteck

Overall Score

  • Ease of use
  • Features
  • Value for money
  • Support
  • Other
  • Overall Score:
    8.4
Founded in 2011, OpTeck is one of the most popular binary options brokers today. When they first started, they quickly grew in popularity; ultimately becoming the strong brand that they are today. However, popularity doesn't always mean that it's the best option. So today, we'll take a look at several factors associated with a strong binary options broker to see how well OpTeck lives up to its name as a strong brand in the binary options space.

Trading Platform

The last binary options broker that I reviewed was IG Markets. I've got to say, going from the IG trading platform to the OpTeck trading platform was a breath of fresh air! While many brokers offer platforms that are so convoluted with information and tools that you don't need that it's hard to find what you do need, OpTeck is not that kind of platform. I found that their platform was very simplistic in nature; making it easy to navigate. More importantly, while the company clearly had a focus on simplicity and user experience, they also made sure to include all the tools and data that binary options traders would expect to see in a solid trading platform. All in all, I was incredibly impressed with the trading platform offered by OpTeck.

Deposits & Withdrawals

  • Minimum Deposit – While beginner binary options traders are often turned off by high minimum deposits, that won't be the case with OpTeck. At $100, their minimum deposit is one of the lowest in the industry!
  • Deposit & Withdrawal Options – I was also incredibly impressed by a number of options the broker offered with regard to depositing and withdrawing money. Traders can do so using credit cards, debit cards, bank wire transfers, Webmoney, Moneybookers, Western Union, or CashU. It's also worth mentioning that they process deposits and withdrawals incredibly quickly; adding to the overall integrity of the broker. The minimum withdrawal amount is $50 and for wire – $100.

Customer Support & Education

When choosing a binary options broker or any financial service for that matter, it's important to pay close attention to customer support and educational resources offered. After all, if you've got questions that have to do with your money, it's important that someone is there to answer them. Also, if you're a new comer to the binary options market, it's best to have educational resources that will help you grow a career as a professional binary options trader. Here's how OpTeck stacks up in these areas…

  • Customer Supporting – First off, I was incredibly impressed by the customer support offered. The customer support team is available from 8am Monday until 9pm Friday and closed on the weekend. Traders can contact support via phone, live chat, or email; and the staff is well-trained. More importantly, it seemed as though the representative I talked to had a genuine interest in my success as a trader.
  • Educational Resources – I also found that the educational resources offered were incredibly impressive. They offer articles and tutorials that will guide the beginner through what binary options are, trading strategies, risk management, and far more. They even offer a demo account so that beginner traders can test their strategies before putting any money on the line.

Unique Features

OpTeck's platform is 100% unique and proprietary to them. Therefore, you won't find another broker that will match the overall experience that you'll have at OpTeck. However, when it comes to unique features that are trading specific, I, unfortunately, wasn't able to find any.

Conclusion

All in all, I found that OpTeck is one of the more impressive binary options brokers. With a strong platform, positive customer service and strong educational resources to match, you may want to take a close look at OpTeck if you're looking to try your hand in binary options or find a new broker.