Opteck Quick reference
This is the very case when a company provides services to customers from different countries in very different conditions. For citizens of the European Union, Centralspot Trading Ltd operates under this brand with a very decent license from the Cyprus Securities and Exchange Commission.
Anyone who is without EU citizenship is redirected to Opteck.biz, that is owned by the investment firm CST Financial Services Ltd. There is not any regulator here. In the “Complaint Procedure” section, the company offers to write directly to its own support service in which case.
Even if the broker tries very hard, it is not possible to obtain a license in all countries - simply for lack of one. For example, in Russia at the end of 2019, there is no described mechanism for the legal work of a brokerage firm.
Therefore, when residents of the Russian Federation try to access the site, the first thing they see is a notification: sorry, we do not provide services in your region, here are the contacts for more information.
Notifications are extremely noticeable, but not written in small print, for which Optek gets a point.
The company offers only one option - its own software development. There is a version for a personal computer and for all types of mobile devices. The developers point out the following advantages:
- The ability to build charts: of popularity, line graphs, Japanese candlesticks charting.
- Built-in economic calendar with sorting news in order of importance.
- Flash reports of price fluctuations on assets you are interested in.
- Fast trading including One Click Trading.
- Formation of extended reports that allow you to build an analytical picture.
There are 5 types, each of those differs in the size of the investment and the conditions.
Basic account: it is available with a deposit starting from $ 250. Traders are offered round-the-clock technical support 6 days a week, access to a training center and professional webinars. They are also offered to get notifications of price fluctuations and a daily overview of the markets - they are integrated into the trading platform.
Bronze account: it is available with a deposit starting from $ 1,000. A personal manager with the mark "junior" is added to the opportunities of the previous account.
Silver account: it is available with a deposit starting from $ 2,500. A senior, more professional personal manager is added.
Gold account: it is available with a deposit starting from $ 10,000. In addition to all of the above, the owners of this account will be offered trading signals and a strategy individually developed for them.
Platinum account: it is available with a deposit starting from $ 25,000. As bonuses, an introduction training with an expert and access to exclusive positions are provided.
Black account: there are no conditions in the open access; it is offered to clarify them only in private.
There is also Islamic account: it is without swap operations and with zero commission for transferring a position.
Withdrawal from Opteck and depositing funds
You can replenish your account in the following ways:
- Credit or debit card;
- wire transfer;
- electronic money.
The broker gives priority to recommending Skrill, Western Union, Neteller. But there is a large number of additional payment methods:
There is no automatic withdrawal, but 3-4 days are allotted for consideration of the application. The minimum withdrawal amount is $ 100 for wire transfers and $ 50 for any other method.
For processing the request they will take a commission of 3.5%, but not less than $ 30. Commission for wire transfer is at the expense of the recipient. For owners of Platinum and Black accounts, the first withdrawal of money is free, the rest withdrawals are on general terms.
Conclusion about Opteck
Regulation is valid only on the territory of the European Union, and the Cypriot license will not help outside this territory. In which case, traders will have to contact the broker directly, and the procedure for considering applications will take the whole 2 months to respond.
It fazing that there is the only version of the platform. We do not recommend downloading software for trading where it is not laid out for review in the public domain and where there is no demo account for safe testing - and here is the very case. We recommend to be careful.