Opteck is a young broker that emerged in 2011, created by the company Bnet online LTD and domiciled in England. One of the main characteristics of this broker is that it uses its own trading platform. This is why this broker is visually unlike any other broker.
Opteck authorizes the opening of an account from 200 dollars and a minimum position from 25 dollars, which will require traders to deposit the required minimum to trade with a very limited money management since you can not trade with less than 12.5% of your capital. Thus, there will be very little room for error, otherwise it is preferable to deposit a larger amount. Moreover, Opteck offers 6 types of accounts depending on your level of trading, including account with less than 500 dollars and an account that requires a minimum deposit of 25 000 dollars.
Each type of account will provide you with its additional benefits such as access to market analysis, trading signals or even webinars or personal lessons.
The maximum yield is 85% for a maximum return on loss of 15%. With the Gold account and a minimum deposit of 5000 dollars, you get more advantageous yields of additional 1% to 2% depending on the account.
You will be able to obtain these yields on a selection of 73 assets. We find the usual assets with currencies (EURUSD, GBPUSD …), commodities (gold, silver …), index (Dax, Cac …) and equities.
The images of this article are in foreign language because the test has been originally realized for the French version of the website. However, note that the Opteck platform is also available in English.
It is possible to trade according to the Up / Down, OneTouch, High / Low Range and Requested Option (“on demand”) mode, which allows you to choose your maturity; this is almost what we find with other brokers under the name of optionBuilder except that there is no choice of risk.
Opteck therefore uses its own trading platform, which it has patented under the Marketspulse name. I must say it is pleasant enough to view; visually, it would make me think of Etoro for Forex with a completely different platform than the one we can find. However, I do not really find it ergonomic.
First of all, what I do not think practical is the selection of assets by means of a carousel scrolling from left to right. I am not sure but seeing the check boxes scrolling rather hurts my eyes. Subsequently, each pair within the carousel is attached to a maturity. Thus, if you want a different maturity date, you must find your pair with the desired maturity among all the pairs. The only possibilities that you have consist of selecting whether you want long or short maturities, but not the precise duration.
If you have the opportunity to turn to the “requested option” mode, you then have the choice between 4 maturities (1 min, 5 min, 10 min, 30 min). Therefore, I would tend to call this mode the “short-term” rather than the “requested option” mode.
Besides, this mode is not super practical because with a maturity as short as 1 minute, it is interesting to know the remaining time to the second. However, what we lack here is a small timer in front of each one of our outstanding options.
Thus, it is unfortunate that here, Opteck has not managed to make a fully intuitive platform that allows the trader a certain ease in his/her trading.
Opteck is one of the rare brokers to offer demo accounts to its traders as soon as the minimum deposit of 200 dollars is made. To do this, you simply need to open a real account, make your deposit and ask your customer service representative to activate the demo account. Thus, you can train before moving on to serious matters.
There is no problem regarding assistance since you can quickly contact the customer service team via live chat or request a call-back. Therefore, you can easily find an adviser to answer your questions or solve your issue.
Opteck has an educational section with video tutorials and webinars. Access will depend on your account. The tutorials are available as soon as a mini account of 200 dollars is opened; hence you will qualify for webinars from an account of 500 dollars.
You can make your deposits by credit card, bank transfer or even MoneyBookers. You can make your withdrawals using the same methods of payment.
Besides, please be aware that opening an account on Opteck through this link allows you to take advantage of an exclusive 30% bonus instead of 0%.
I really find it unfortunate to have this platform designed like this. At the risk to begin developing its own trading platform in as far as the latter is irreproachable as much as possible, one must otherwise look for platforms that are already available on the market. I think it is a broker that will only satisfy novice traders through the provision of a demo account.