Opteck is a binary options and CFD broker based out of Seychelles. They are a fairly new broker, although many of the products that they offer have been used in the world of binary options trading for several years. If you’re thinking about opening up an account with Opteck, we recommend that you look at the Opteck demo account first. Here, you can test out their trading platform at no risk and get an idea of if this broker and their services are right for you.
If you want to be a successful trader, there are many things that you need to do. Having the right broker on your side is one of those things. While this alone can’t create profits for you, having the wrong broker is one of the most surefire ways to consistently lose money. If you’re thinking about creating an account with Opteck, we urge you to learn as much as you can about the broker and then try them out for free with a no risk demo account first. Afterward, you will be much better equipped to make an informed decision on whether this is the right place for you.
Why the Opteck Demo Account?
Experience is a great teacher, and one of the best ways to know if a financial product is right for you is to use it. However, in the world of finance this usually means a loss of money, especially if you are unfamiliar with how to use a specific broker. That’s where the Opteck demo trading platform comes in. With this, you can experience what using Opteck’s actual trading software is like in real time, all without putting your money up for potential losses.
Opteck has a lot to offer traders. They have over 1,000 assets listed for trade on their site, and many different ways to trade them. They offer binary options trading, along with the basic call and put options that you would expect. They offer these in a variety of expiries, including both long term and ultra short term trades. They also offer high yield trades through their exotic one touch and range options. They also offer contract for difference trading, which involves trading on a spread with leverage. These are a very different type of trade than what most traditional binary options traders are familiar with. There is great potential in trading these, but there’s also a lot of risk, especially if you are unfamiliar with how to do so and the strategy behind trading them well.
All of these trades may not be familiar to you yet. If you try trading them without knowing fully how to use them, there’s a strong chance that you might lose money. Practicing through a demo account before you start trading with real money is one of the easiest methods to prevent needless losses in this respect. Opteck also has a vast education center to help you learn more about trading with success.
Is Opteck Reliable?
Opteck is a new broker, but they are already a regulated one. Overseen by the International Financial Services Commission, Opteck is making strides to gain a larger worldwide client base. If you live in a country where this regulatory body is recognized as a legitimate governing body, then Opteck will be a reliable broker for you. However, this means that traders in many locales cannot use their services. For example, traders based out of the United States cannot use Opteck at this time.
Opteck uses the Tradologic software platform, which is a highly reputed platform. As such, the quality of the trading experience here is very dependable.
Creating a Demo Account
If you have issues creating a demo account, get in touch with the Opteck customer support staff. They have a live chat feature right on their site, or you can contact them by phone at 357 22 007264. They can also answer any further questions that you might have about the site and how to use it. These are also the people to get in touch with if you ever want to reload the practice money in your demo trading account.
Creating a Real Account
If you decide that you do want to trade at Opteck, you will need to create a real money account. This is a very simple process. You will need to give your name, email address, country, and currency of choice. You will also need to fund your account. You can use a major credit card, wire transfer, or a variety of e-wallets. They will also ask that you verify your identity with a government ID and a copy of a utility bill to prove your place of residence. These are all standard practices in the binary options world.
The minimum amount to open a cash account is $250.
Conclusion: Is Opteck Right for You?
By now you’re probably wondering if this is the right place for you to trade. Before jumping to an answer, ask yourself the following three questions: 1.) Is Opteck legal to use where you live? 2.) Does Opteck offer trading products and assets that you want to use? 3.) Does Opteck’s banking transaction choices match up with your personal needs?
If you answered yes to all three of these, then there’s a good chance that the Opteck trading platform is right for you. If you have more questions or you’re still uncertain, take some time to look over their site yourself. The demo trading platform is free to use, so there’s no risk in trying it out before you make a decision.
Here’s the bottom line: trading is risky. It doesn’t matter if you are looking at binary options, CFDs, or something else. Having a good broker is a must if you want to be successful. Knowing how to use that broker is just as important. If you’re going to trade at Opteck, you need to know how to use their platform and their products first. Using the Opteck demo account before you start risking real money is the quickest and easiest way to do this.
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Between 74-89 % of retail investor accounts lose money when trading CFDs