Opteck Broker Review ¦ Trade with Regulated Broker in South Africa

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Broker Opteck

Broker rating

Opteck – is pretty experienced binary options broker operating since 2020. The place of registration of the broker – Cyprus, the license of CySEC. Although Cyprus belong to offshore companies, the financial regulator CySEC operating here, (operating in accordance with the European Directive MiFid) has a much greater degree of confidence among investors than the Russian regulators.

Trading conditions:

  • Minimum deposit of $250 (rather high threshold in comparison with other brokers, which suggests that Opteck is configured for large customers);
  • the minimum stake is $25 (for beginners, not willing to risk this amount of money immediately, it is recommended to pay attention to brokers who have stake of 1-2 dollars);
  • about 120 trading instruments: stocks, leading indices, currency pairs, commodities (oil, sugar etc.).

Open an account with Opteck broker

Opteck offers a standard set of options which can meet almost all the brokers, but the feature is the winning amount. For example, the option “One touch” right at a certain level you can get up to 400% of the profits. Other types of options of this broker you will find classic, fast options (the expiry time is from 30 seconds up to 60 minutes) and “Range”. The broker lacks more complex types of options (“Ladder”, for example).

The broker’s trading platform Opteck Tradersoft characterized by a high degree of reliability and protection of sensitive data from hacker attacks, it is possible to trade with mobile applications.

Types of accounts available for investors:

  • green account – replenishment $250 – $500. Enables the investor to receive free daily analytical reviews and a brief excursion into the world of binary options;
  • bronze – refill of $500 gives 35% bonus from activation (sort of leverage), access to video tutorial;
  • silver – replenishment of deposit from $1000 to $5000. The investor not only gets a bonus of 45%, but also access to 10-20 trading signals per day;
  • gold – refill for 5-10 thousand dollars will gladden the trader more by the variety of bonuses (there is +1% to standard payments and the bonus increases up to 65%). Also there is an advanced access to webinars, related to psychology of trades and market liquidity;
  • platinum – requires replenishment from 10 to 25 thousand dollars. Opens access to 30 – 40 trading signals per day, the investor receives a personal analyst with professional experience in binary options trading;
  • black – replenishment in excess of 25 thousand dollars. The investor gets +2% to all payments, 100% bonus, trading strategies from analysts, personal phone calls with messages about important market events.

In comparison with other brokers the bonus program is quite conservative – the offered bonus, which could be attractive to investors, requires a large amount of the deposit.

A clear advantage for novice investors is the availability of a free demo account which can be tried out without registering directly on the site. Opteck also offers opening an Islamic account which allows you to obtain interest-free profit.

Refilling and withdrawal of money are classic: credit card, e-wallet (please pay attention to the list of wallets, that the broker cooperates with!)

To sum up. Binary options broker Opteck is a rather good partner for professional traders. A high threshold of entry, the lack of enticing bonus programs – all this suggests that Opteck prefers to focus not on marketing activities, and to maintain their reputation in real cases, namely a 100% guarantee of withdrawal does a high level of service. And license of CySEC regulator confirms it completely.

Year of foundation: 2020

Location: Lophitis Business Centre, Office 102 249, 28th October Street, Limassol 3035, Cyprus

Compare Trading Platforms in South Africa

For our south africa comparison, we found 2 brokers that are suitable and accept traders from Russian Federation.

We found 2 broker accounts (out of 147) that are suitable for South Africa.

AvaTrade

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About AvaTrade

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

71% of retail investor accounts lose money when trading CFDs with this provider.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

The South African Financial Market

Dating back more than 120 years to 1887 and South Africa’s first gold rush , the Johannesburg Stock Exchange (JSE) is South Africa’s primary stock market and securities exchange.

As Africa’s largest stock exchange, the World Federation of Exchanges ranks JSE Limited as 19th among the largest stock exchanges in the world by market capitalisation. Well established companies that are not yet ready to list on the JSE’s main board can list on JSE’s AltX exchange instead.

The main stock index for the JSE is the FTSE/JSE Africa All Share Index . This headline index consists of 99% of all eligible equities listed on the JSE’s Main Board of the JSE. The broad All Share Index is further broken down into market capitalisation size categories as the Top 40, Mid Cap and Small Cap Indices.

After South Africa recently adopted an improved “ Twin Peaks ” regulatory system in 2020, financial market conduct regulation in South Africa for online forex and contract for difference (CFD) brokers has fallen under the auspices of the Financial Sector Conduct Authority (FSCA), which had replaced the Financial Services Board (FSB).

The FSCA operates outside the South African Reserve Bank (SARB), the country’s central bank, which also administers a prudential regulator called The Prudential Authority (PA) that is now responsible for regulating banks, insurance companies, financial cooperatives, financial conglomerates and some market infrastructures.

Forex traders may recognise the South African rand (ZAR) as South Africa’s national currency. The rand was ranked 20 th by the Bank for International Settlements (BIS ) among the most actively traded currencies in 2020, making up around 1.0 percent of the overall forex market’s daily turnover; slightly less than its 1.1 percent market share in 2020.

Trade factors that influence the South African financial markets include the price of key strategic commodities for the country, like oil and gold. Furthermore, South Africa’s exported goods and services account for 29.77% of South African Gross Domestic Product (GDP), according to the World Bank .

The country is therefore somewhat dependent on exports, particularly to China and the United States, making the country somewhat vulnerable to any ongoing trade disputes. For example, during 2020 the rand was one of the world’s worst-performing currencies against the dollar , but by the end of the year had begun showing signs of recovery based upon a reported thawing in the dispute between the two world superpowers.

Trading in South Africa

When looking for an online broker to trade forex or CFDs with, make sure to choose a well-regulated broker that has a strong reputation with clients, since they should be suitable for entrusting a margin deposit with them.

Online brokers generally offer several trading accounts for traders, including:

  • Forex Trading: Exchanging one currency for another forms the basis of forex trading. Exchange rates fluctuate as one currency rises or falls relative to another in particular currency pair. The popularity of forex trading has expanded greatly once online trading became possible. The forex market is the most liquid and largest financial market globally and had a daily turnover of $5.1 trillion/day in April 2020, according to data compiled by the BIS .
  • CFD Trading: Making transactions in derivative financial instruments known as contracts for difference (CFDs) allows traders to speculate on the future of their underlying assets. Such assets can consist of a currency pair, commodity, stock, stock index or other financial instruments.
  • Demo accounts: Funded with virtual money, these accounts can be used to practice trading, test a strategy or check out a broker’s services and platform. Find out more on opening demo accounts here .
  • Islamic accounts: These are suitable for traders who wish to trade in an account that conforms to Sharia law. Find out more on trading with an Islamic account .

With respect to trading stocks, the Johannesburg Stock Exchange provides trade executions in South African stocks, fixed income products and derivatives. Exchange transactions are largely executed in South African rand. To make a stock trade on the JSE , you will first need to open a trading account with a JSE-registered stockbroker who can then enter your orders into the exchange’s electronic trading and order entry system.

Opportunities of Trading in South Africa

South Africa has historically offered a rather attractive market for many businesses due to its relatively stable and well-established banking and financial system. For example, the country has benefited an increasingly mature level of infrastructure and local investment that comes from hosting Africa’s largest stock exchange.

Furthermore, according to the Schroders Global Investor Study investors remain rather positive on the South African stock market, while the FTSE/JSE Africa All Share Index is already trading well off its highs . In addition, South Africa offers a number of additional advantages for doing business in the following markets:

    • Consulting and services related to transportation
    • Various franchises
    • Information technology consulting
  • Electronic equipment

Furthermore, South Africa was ranked 23 rd by the World Bank for protecting minority investors, 46 th for paying taxes, and 66 th for resolving insolvencies. That suggests a rather favourable environment for individual investors and traders to operate in.

Challenges of Trading in South Africa

In recent years South Africa has experienced a budget deficit problem and had to cut its growth forecasts in October 2020. This suggests that South Africa’s economic growth has the potential to suffer further from tariffs, trade wars and the failure of major trade agreements.

Another upcoming event that could present a challenge for South African markets is the general election later in 2020 in which voters will elect a new National Assembly and fresh provincial legislatures, as well as determining if current President Cyril Ramaphosa stays in office.

The South African Reserve Bank only rarely intervenes directly in the currency market to stabilise the USD/ZAR exchange rate, which has shown sharp drops and high volatility due to news-related shocks. The rand has also displayed notable trends over time and has been softening overall in recent years due to South Africa’s twin current account and budget deficits . Such currency valuation shifts can cause foreign exchange uncertainty for traders and businesses looking for a more stable environment to operate in.

When it comes to starting a business, the World Bank ranked South Africa a rather poor 134 th . That organisation also gave the country an overall ease of doing business ranking of 82 nd and a 73 rd rank for obtaining credit. This indicates a relatively unfavourable environment for starting up or running a business, especially if it requires local financing.

Summary

Overall, individual traders may find South Africa a relatively favourable country to operate in due to its stable banking system and large stock exchange, although businesses may face more of a challenge. Furthermore, the country’s well-established “Twin Peaks” regulatory framework should additionally strengthen investor confidence in its financial system over time.

When searching for a broker to operate through in South Africa, traders should check to see that they offer a suitable range of asset classes, a decent trading platform, strong regulation and adequate financial security for a margin deposit.

Why Choose AvaTrade
For South Africa?

AvaTrade scored best in our review of the top brokers for south africa, which takes into account 120+ factors across eight categories. Here are some areas where AvaTrade scored highly in:

  • 12+ years in business
  • Offers 250+ instruments
  • A range of platform inc. MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.70pips
  • Used by 200,000+ traders.
  • Offers demo account
  • 4 languages

AvaTrade offers four ways to tradeForex, CFDs, Spread Betting, Social Trading. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

AvaTrade have a AAA trust score. This is largely down to them being regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI, segregating client funds, being segregating client funds, being established for over 12

Trust Score comparison

AvaTrade IG
Trust Score AAA AAA
Established in 2006 1974
Regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of AvaTrade vs. IG

Want to see how AvaTrade stacks up against IG? We’ve compared their spreads, features, and key information below.

Opteck Review

Overview

Opteck was founded in 2020 by a team of highly motivated professionals, passionate about trading on the financial global markets and empowering others to follow their lead.

Details

Broker Opteck
Website URL www.opteck.com
Founded In 2020 by CentralSpot Trading LTD
Headquarters Lophitis Business Centre, Office 102, 249, 28th October Street, Limassol, 3035 Cyprus
Support Number +35722007264
Support Types Phone, Online Chat, Email
Languages English, Russian, French, Polish, Italian,Spanish, German, Arabic
Trading Platform Proprietary trading platform
Minimum 1st Deposit $250
Minimum Account Size $25
Maximum Trade Amount $10000
Bonus BONUS UP TO 100%
Payout 65% – 89%
Free Demo Account Open Demo
Regulated
Regulation Cysec (Licence Number: 238/14)
Fees
Fee Info Only for withdrawal 3.5% (min $30 max $3.500)
Commission Info No
Account Types Green, Bronze, Silver, Gold, Platinum, Black
Deposit Methods Visa/Mastercard, Postepay, Skrill, Neteller, Webmoney, QIWI, Bank wire transfer, MoneyBookers, Western Union, iDeal
Withdrawal Methods Visa/Mastercard, Diners, Postepay, Skrill, Neteller, Bank wire transfer, MoneyBookers, Western Union, iDeal
Trading Methods Any trading strategies along with Terms and Conditions
Number of Assets 1000
Expiry Times 30 sec, 60 sec, 2 min, 5 min, 10 min, 30 min, 1 Hour, 3 days, 1 week, 1Month
Types of Assets Indices, Commodities, Currency Pairs, Stocks
Option Types High/Low, Quick Options, Range High/Low, One Touch
Account Currency USD, EUR, GBP
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9.5/10

Full Review

Opteck is the undisputed leader in the field of binary options trading. This broker offers to all traders the unlimited trading opportunities: a wide range of the most popular items (more than 100), the lucrative action, a world famous and most quoted indexes currency. Any trader, even a novice, with ease and comfort can begin to trade, invest and implement profitable deals, easily and comfortably, not to mention the experienced professionals.

Trading with Opteck makes a combo of professional earnings and enjoyable hobby. Extremely simple as it is, trading with Opteck turns into the most pleasant and successful time spending. Thanks to precise tools of trade, experienced analysts, financiers, readily available for trading assistance, and many other attractive items that you will plunge into the world of commerce and success.

It is worth noting that this broker offers a free demo account, starting from $ 5,000 – 50 000 $, in the framework of the «Bronze», «Silver», «Gold», «Platinum» and «Black» trades. Trade and practice are necessary to learn the rules and strategies; and all this, without any risk to your assets.

Thanks to the unconditional safety and reliability of Opteck, (a broker that is regulated both by the Cyprus Commission for the Securities and Exchange Commission by CySEC , and the International Commission for the financial services IFSC) thousands of customers enjoy the trade and successful transactions. In addition, it is worth considering that Opteck experts organized an advanced academy where you can learn the necessary skills to apply technical and fundamental analysis and more.

Deposits and withdrawals

Withdrawals in Opteck don’t pose any difficulty. Just keep in mind that the currency in which is the minimum withdrawal amount should correspond to the currency in which you conduct trades. Thus, the output wages will correspond to the original currency trading. In simple words, if you are trading in dollars, the minimum withdrawal amount is $ 50, and for those who trade in pounds sterling £ -50.

To withdraw funds, you should follow these simple steps:

1. Log in to your trading account

2. Click the «withdrawal» to open the inquiry form on the withdrawal of money from an account

3. Select the desired amount and the method of withdrawal of funds, then fill in the other required fields.
Earnings can be derived using the following methods to withdraw funds: credit / debit cards, bank transfer, Skrill (MoneyBookers), CashU, Webmoney, Western Union. The procedure itself takes about 3-5 days.

Complaints about Opteck

The opinions of the Opteck customers and reputation of the firm are the primary factors for the broker to work better and better. Therefore, the company’s experts scrutinize the comments and reviews on Opteck. It should be objective: with any broker, there are some errors. There is always something to strive for and something to work on. Regarding the Opteck, there were a few comments about the withdrawal of funds with a delay of 2-3 days. Do not worry about this occasion, the inconvenience was soon resolved and all customers received the funds in strict accordance with the requested amount. It should also be kept in mind that some cash out methods are instant; You will find more information at the website of the broker.

If we find complaints about Opteck, we will post it on social media. Follow us to be well informed:

Opteck, is this a scam ?

You can be 100% sure of the reliability of the broker; because the company is regulated by both the Cyprus Commission for the Securities and Exchange Commission CySEC, and the International Financial Services Commission IFSC, which provides an unconditional guarantee of the reliability of all procedures and the safety of the withdrawal.

Regulator

The apparent advantage Opteck, compared with other brokers, is the regulation of the most respectable commissions: Commission for the Cyprus Securities and Exchange Commission, CySEC and the International Financial Services Commission IFSC.

Bonuses

On the trading platform Opteck you can benefit from the following bonuses:

1. Awaiting bonus – the bonus will be added to the actual balance of the account after a certain volume of transactions.

2. Current bonus – the bonus money will be made directly to the actual balance of the customer’s account.

3. Bonus «without risk» – will be added to the account of a trader and an unsuccessful turn into a winning deal. The validity of this bonus – 30 days, including weekends.

4. Bonuses from competition – competition winners will receive bonus prizes in cash or as a bonus to their trading accounts.

Summary

Opteck is the most successful broker in trading binary options market. The minimum deposit on your trading platform Opteck – $ 250, while the minimum bet is $ 25.

Conclusion

So, we can say with certainty that the Opteck is the most reliable and secure broker. The platform Opteck you will find many surprises and innovations. The best specialists of the financial market will be more than happy to provide you with their services.

Reviews

beware you could lose your money my account manager did just this to me by giving me bad advise and then still tried to persuade me to go into 10000 debt
rubbish company beware

beware Bad advice by my account manager lost all my money in 5 hours
rubbish

I cannot agree that OPTECK is a good company to trade with… I have not yet traded and ifind them to be a poor on customer support and care… I have been bombarded with cals and pressured into depositing £250 the least I could “invest” now they have flatly refused to refund my money and have lied time after time to me and deflected all my attempts to have my money refunded ,, surely this is fraud?

Be very aware of this company and its partner smartbotpro they do not deliver what they state on their websites in 24hrs a loss of £500 … sent emails to both companies and no reply amazing as Opteck called me at all hours to get my business then go quiet when they have lost all the clients money

OPTEK is a scam, regardless of whatever they tell you it is a scam, you will never get your money back. I opened an account with them few months back and after 1 month I decided it does not work for me, at the beginning they were very nice and friendly with me at the same time constantly asking for more money. When I informed them I decided to give up and that I want my money back suddenly they were unavailable, the manager was on holiday, there was a lengthy process and so many forms to fill up, but of course I should put in more money instead of leaving. I did sent them all forms and proofs required, few months ago, since then never heard back from them. So BEWARE, OPTEK IS INDEED A SCAM.

They might be “legal” and have all the needed licenses. But they are crooks, they are after your money, they drag you in, they would call you 10 times a day to encourage you to deposit more money, then they will give you bad advice and you will lose your money, try to contact the so called account manager and you will not be able to reach them. they will let you cool for a week or so then a “new” account manager” will contact you and give you all different promises of recovering your losses and “working with you” to build a steady and secure profit.. STAY AWAY from them

Opteck indeed is a scam…they are robbery who cheated me twice and still ask me to invest when i lost US$3,500 they are blood sucker i learned a heavy lesson my hard earned moneys NEVER trusted them anymore let the heaven punished them i will curse them to dead

yes indeed you are right your encounter with me the same i am cheated twice very bad advice from them they are crook never trusted them

they are scam….please do not believe them they are a bunch of blood sucker who cheated your hard earned money STOP listen to their advice they gave you wrong advise they are hunting for more money you invested they are LIARS

I am battling to get $3500 back from them. They also do not reply to emails. They phoned me a few times – other than that no response

Why People comments are negative about you Opteck.it given me a fear of trading with you.

This Broker is a huge scam Do not even think about open an account with them. They ask you to put more money “they call it be serious” if you do not put more money they get mad at you and lock your account saying that you lost all your funds. Allan Maxwell locked my account with no reason i lost my money.? Thanks to Joan who assisted me in getting back all my money

Opteck is a scam, I deposited over $56,000 and they blocked my account saying that they I should post certified ID and RV before they can remove restrictions that prevented withdrawing. I Did that and they took months saying they haven’t received the documents giving me endless tickets
They eventually removed the restrictions and when I had to withdraw , they completely blocked my account saying my device logged in with another account when I hadn’t . I reached out to [email protected] a certified binary options recovery expert, he helped me recover all my money back from them

Trading with a Regulated Broker

The Forex market is the largest, most liquid market on the planet. Combined with a highly volatile and extremely competitive CFD market, the FX/CFD industry has attracted massive attention and an ever increasing number of individual investors. Unsurprisingly, trading activity of that size and scope creates unique challenges regarding market regulation.

How is the Forex market regulated?
In an industry so liquid and lucrative, it is essential to have strong regulatory oversight to prevent malpractice. It is important to understand that there is no centralized body governing the currency trading market. Instead, there are a number of governmental and independent bodies that supervise forex trading around the world. These supervisory authorities regulate forex by setting standards which all brokers under their jurisdiction have to comply with. These standards ensure that Forex/CFD trading is ethical and fair for all parties involved.

As the largest and most liquid financial market in the world, the Forex/CFD market is regulated by the same regulating bodies that supervise banks and other financial institutions. The only difference however, is that these regulators can only regulate the Forex market domestically within their jurisdiction. It’s therefore very important for retail traders to look for brokers that obtain regulation which covers the jurisdiction where the trader resides.

What regulation means for traders
With Forex brokers supervised by a regulatory authority investors can be more confident about the credibility of the broker. For a retail trader, the biggest risk of trading with a non-regulated broker is that of illegal activity or schemes. Fraudulent activities include excessive commissions; very lose spreads, hidden Terms and Conditions and even restrictions on withdrawals. Regulatory authorities can provide a level of protection for investors as they can be trusted to restrict, sanction or ban such unwarranted actions and to safeguard investors.

Choosing a Regulated Broker
Trading with a regulated broker should be one of the main prerequisites for any individual trader looking to trade forex and CFDs. The fact that a broker is regulated implies that they respect industry standards. A regulated broker not only follows Forex regulation that is aligned with the clients’ best interests, but also offers safety, reliability, and security.
The biggest advantage of trading with a regulated forex/CFD broker is that a financial authority will step in if there are any problems. A broker that is regulated by a financial authority also offers segregated funds, meaning that your funds are not being used for any purposes other than trading. Traders’ funds are held in segregated accounts and cannot be used by the brokerage. What is more, a regulated broker will build its business around its clients and it is more likely to have outstanding customer satisfaction as well as a customer oriented service.

Regulatory Authorities around the world
The following table includes a list of the most important Regulatory Authorities across the globe.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading: Brokers Reviews
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: