What Makes Opteck Stand Out?
First, Opteck doesn’t just offer binary options. They also have contracts for difference (CFD) available for you to trade. These are a different type of instrument than binary options, and your strategy for using them should differ because of this. Like binary options, you never take ownership of the particular asset, but they operate on leverage, and this has the potential to drastically impact your trading, both in a good and a bad way. It’s important that you know how to trade with these before you attempt to use them. It’s also very important that you understand leverage and how its use affects you and your potential for success.
In addition to the high and low binary options offered here (call and put options), Opteck offers short term options (as short as 60 seconds before expiry), one touch options, and range (boundary) options. These exotic options allow traders to have a wide range of choices when choosing what is best for them. They also offer high yield varieties, if this is something that interests you. The Opteck review team doesn’t anticipate that most people using Opteck will ever need to use these extras, but they are great tools to have available if you ever want to expand your trading or are looking for variety. Think about where these fit in with your long term strategy before attempting to use them, though.
On a similar note, Opteck offers about 1,000 different assets for trading. This is one of the biggest asset lists that you will ever find. Again, most traders don’t need more than a dozen different assets to ever be successful, but having those choices for you if you ever need them is a nice appeal. It allows you to expand on your terms, not within the confines of what another broker might find most profitable.
Opteck has a signals service agreement in place with SignalsXP, if signals are something that you require out of a broker. This service is provided through an extension in the Chrome browser, and some traders find these signals to be very helpful, especially if you have Chrome on your phone. This can help you to make educated trades while you are away from your computer.