Opteck
Opteck Company Overview
Opteck is a renowned company offering a wide range of trading services to clients across the globe, tailoring its offerings based on the client’s location. Within the European Union, the company operates under the brand Centralspot Trading Ltd and is authorized by the Cyprus Securities and Exchange Commission, ensuring adherence to regulatory standards.
For clients outside the EU, Opteck.biz, owned by the investment firm CST Financial Services Ltd, provides trading services. It’s important to note that this branch operates without regulatory oversight, and clients are advised to contact customer support for assistance in case of any issues.
It’s essential to understand that not all countries have a regulatory framework for brokerage activities. As of the close of 2019, Russia lacks legislation governing the operations of brokers, making it impossible to extend services to residents of this country.
Opteck prominently displays regulatory notices on its website to inform potential clients about the availability of its services.
Available Trading Instruments
- Forex
- Stocks
- Commodities
- Indices
Opteck Trading Platform Features
Opteck offers a proprietary trading platform accessible on both desktop and mobile devices. Key features of the platform include:
- Multiple chart types: popular, linear, candlestick.
- Economic calendar with news sorting by importance.
- Real-time asset price fluctuations.
- One Click Trading for swift transactions.
- Advanced report generation for market analysis.
Trading Account Options
Opteck provides clients with a choice of 5 trading accounts, each with varying initial deposit requirements and service offerings.
Basic Account: Requires a minimum deposit of $250 and includes 24/7 technical support, access to educational resources and webinars, price alerts, and daily market reviews integrated into the platform.
Bronze Account: Initial deposit starting from $1,000, with the addition of a junior personal manager.
Silver Account: Requires an initial deposit from $2,500, offering a senior personal manager.
Gold Account: Minimum deposit of $10,000, providing trading signals and a personalized strategy for successful trading.
Platinum Account: Requires an initial deposit from $25,000, including an introductory session with an expert and exclusive trading positions.
Black Account: Conditions available upon request through direct contact.
An Islamic Account is also offered, featuring no swap operations and commission-free position transfers.
Deposits and Withdrawals at Opteck
Opteck supports various deposit methods, including:
- Credit and debit cards
- Bank transfers
- Electronic wallets
Preferred deposit options recommended by the company include Skrill, Western Union, and Neteller. Withdrawals are processed within 3-4 days, with a minimum withdrawal amount of $100 for bank transfers and $50 for other methods.
A withdrawal request fee of 3.5%, not less than $30, is applicable, with the recipient bearing the bank transfer fee. Platinum and Black account holders are granted one free withdrawal, with subsequent transactions subject to standard terms.
Final Thoughts on Opteck
Opteck aligns with EU regulatory standards, yet may fall short of meeting requirements in other jurisdictions. Clients might experience delays of up to 2 months in case of issues requiring a company response.
A notable critique concerns the limited availability of alternative trading platforms. Caution is advised before downloading software lacking public availability or a demo version for secure testing.
This review has been prepared by the specialists at ExpertsReview.