The majority of binary brokers operate along the same principles using the same tried and tested procedures and offerings to keep traders interested. This Opteck broker review shows that this is one broker which takes a different approach to the binary trading market. Their focus is on providing all their traders with up to the date information and an extensive educational section. The firm has chosen to register with CySEC and the IFSC which is a clear sign of their commitment to developing a professional and fair reputation. They are certainly worth considering whether you are new to binary trader or have years of experience.
Making a Trade
A review of Opteck broker shows that they have over two hundred assets listed; you can trade in any one of these. They have a range of different ways to trade; these include the basic price direction trade which is the foundations of binary trading, boundary trading and the slightly more difficult but more rewarding one touch style of trading. The Opteck broker review shows that they will actually provide you with up to one hundred percent of your investment when trading under the one touch option. The premise behind this type of trade is simply to choose a price which you believe the price will hit during the period your contract is live. If it touches that price at any point during the contract period you have made a successful trade.
You can also choose to indulge in the opposite trade; where you specify an amount the asset will not touch. The closer this amount is to the current trading price, the more risky the trade and the higher the rewards.
There is an excellent array of options for all traders; you can choose to trade in as little as thirty seconds. Alternatively there are options available up to one hour; all of which qualify as short term contracts. It is possible to trade in longer time periods. However, although end of the day trading is relatively easy to get a feel for, trading a week, or even a year in the future is very difficult to predict accurately.
A review of Opteck Broker shows that you can access American style options. This is unusual in the binary marketplace. Using this approach you will be able to end your trade early and effectively sell the trade back to the broker to avoid losing all your funds. You can also secure your profits before the trade finishes.
No matter how good the services offered by a broker are you need to know that your funds are safe and accessible when required. Fortunately Opteck has this covered. They have already established themselves as one of the best firms at releasing your funds back to you with minimal issue. You can deposit or withdraw funds through several different methods. The most popular are generally credit and debit cards; all major Visa and MasterCard’s are accepted along with a few others such as JCD and even Diners.
You can also transfer your funds via a wire transfer of through one of the electronic payment methods; these include Skrill, Webmoney and even Western Union.
This Opteck broker review has established that this firm are offering an excellent range of educational materials; traders can access one on one training, a selection of e-books and video tutorials most importantly a huge range of analytical tools which will help ensure you are placing the right trade at the right time.
However, these offerings are fairly standard across the binary trading markets. What is unusual is the addition of a social trading module. This feature allows you to watch your favorite traders and see how they operate to make successful trades. You can even mimic their trading if you wish.
Opteck encourages all traders, whether experienced or not, to study the educational section and learn the best approaches before they start trading. To facilitate this there is a practice account facility. This will allow you to experience the reality of trading without risking your own funds, it is especially important if you are new to the binary trading market, it is also free!
Opteck realize that you cannot sit in front of your computer all day long watching and waiting for the best possible trade. As such you are able to access the desktop site from anywhere; providing you have a computer. But, more importantly you can also access the site from a mobile device and use all the same features; including starting new trades and monitoring your existing ones. This is an invaluable asset when you are constantly on the move and attempting to trade.
The Opteck trading facilities are excellent and supported by a wide range of positive customer feedback. This will reassure you that this is a viable broker for your needs and can assist you in trading profitably.