Our Opteck Account Types Revealed:
- ✔️Opteck Overview
- ✔️Opteck Account Types
- ✔️Opteck Account Features
- Opteck Demo Account
- Opteck Islamic Account
- Pros and Cons
- OPTECK AT A GLANCE
Opteck Overview
Established in 2011, Opteck is a Cyprus-based broker that offers the trade in a variety of forex and CFD financial instruments. Founded by a team of motivated professionals, Opteck provides services and solutions to traders from around the world.
Opteck offers traders with a range of trading tools, experienced analysis, and a choice in dynamic trading accounts which cater for traders of differing skills, experience, and knowledge.
Opteck strives to provide a simple but unique environment for seamless trading through technological innovation through advanced platforms, analytical charts, smart portfolio reports, and useful financial news.
Opteck offers traders with the use of its proprietary trading platform which is a carefully crafted advanced system that quotes updated market prices with no delays. Opteck offers its own tradable prices delivered from several price providers with low latency and minimal slippage.
The Opteck trading platform can be used across several devices including web, mobile devices, and desktop computers. The platform opens the markets with some of the best trading tools and live data, allowing traders to execute trades within a few milliseconds.
Opteck is regulated and authorised by IFSC and the reputable CySEC, ensuring that Opteck complies with the strictest regulatory guidelines in providing a safe, fair, and transparent trading environment for all traders.
Opteck Account Types
Opteck offers traders with a choice between six different account types which are designed to cater for traders according to their trading needs, objectives, and styles. Opteck offers advanced and comprehensive trading solution in addition to offering traders with a demo account and the option to convert a live trading account into an Islamic Account.
Opteck offers the following account types:
Opteck Account Features
Basic Account
The basic account is the entry-level Opteck account which is designed for beginner traders and those who want to test their trading strategies without risking a lot of capital. The features that traders can expect from this account type are:
- Minimum deposit from $250 (3 705 ZAR)
- Access to the education centre
- Daily Market review provided
- 24 hours a day, 6 days a week
- Access to PRO Webinars
- Access to basic spreads
- Traders can expect to receive price alerts via SMS or Email
Bronze Account
The Bronze account is the next level account type that can be used by traders who are a little more experience. This account has the following features:
- Minimum deposit from $1,000 (14 821 ZAR)
- Access to the education centre
- Daily Market review provided
- 24 hours a day, 6 days a week
- Access to PRO Webinars
- Access to Bronze level spreads
- Traders can expect to receive price alerts via SMS or Email
- Access to a Junior Account Manager
Silver Account
The Silver Account is one of the popular account options that Opteck offers to more experienced traders. This account type has the following features:
- Minimum deposit from $2,500 (37 054 ZAR)
- Access to the education centre
- Daily Market review provided
- 24 hours a day, 6 days a week
- Access to PRO Webinars
- Access to Silver level spreads
- Traders can expect to receive price alerts via SMS or Email
- Access to a Senior Account Manager
Gold Account
The Gold Account is designed for advanced and experienced traders who need competitive trading conditions and access to additional benefits and advantages. The features of the Gold Account are as follows:
- Minimum deposit from $10,000 (148 214 ZAR)
- Access to the education centre
- Daily Market review provided
- 24 hours a day, 6 days a week
- Access to PRO Webinars
- Access to competitive Gold level spreads
- Traders can expect to receive price alerts via SMS or Email
- Access to an Executive Account Manager
- Access to PIA First trading signals
- Personalised trading strategies
Platinum Account
The Platinum Account is for professional traders who trade large position sizes and who need the best possible trading conditions. The features of the Platinum Account are as follows:
- Minimum deposit from $25,000 (370 535 ZAR)
- Access to the education centre
- Daily Market review provided
- 24 hours a day, 6 days a week
- Access to PRO Webinars
- Access to competitive Gold level spreads
- Traders can expect to receive price alerts via SMS or Email
- Access to an Executive Account Manager
- Access to PIA First trading signals
- Personalised trading strategies
- 1-on-1 trading trainer
- Exclusive position access
Black Account
The Black Account is only for exclusive clients and can only be accessed per invitation. Traders who want to find out more about this account and what the qualifying criteria are must contact Opteck Account Management.
Opteck Demo Account
Opteck offers traders with the ability to register a demo account before they commit to a live trading account. The demo account is a risk-free account which is funded with virtual capital, allowing traders to experience the trading conditions and services that Opteck offers without risking their own capital.
The demo account is not only intended for beginner traders to gain experience and skill before they start trading in a live environment, but demo accounts are also used by experienced traders who want to develop and test different trading strategies.
Opteck also offers the demo account to allow traders to explore what it offers before they register a live trading account, especially in terms of range of markets and trade execution speed.
Opteck Islamic Account
An Islamic, or swap-free, trading account is one which is allowed by the Islamic Sharia law. These accounts are based on the Islamic principle where interest is not applied to positions which are held open for longer than a trading day, after the trading day has concluded.
Islamic Accounts are provided by brokers who serve Middle Eastern clients along with clients from other jurisdictions and offers certain features that are in line with the Sharia law, which prohibits the accrual of interest on funds deposited into the account.
Opteck offers Muslim traders with the option of converting their live trading account to that of an Islamic Account, exempting them from overnight fees.
Pros and Cons
OPTECK AT A GLANCE |
|
| Broker’s Name | Opteck |
| Headquartered | Cyprus |
| Year Founded | 2011 |
| Regulating Authorities | CySEC, IFSC |
| Countries not accepted for trade | US and South Africa |
| Islamic Account (Swap Free) | Yes |
| Demo Account | Yes |
| Institutional Accounts | Yes |
| Managed Accounts | Yes |
| Maximum Leverage | 1:400 |
| Minimum Deposit | $250 (3 705 ZAR) |
| Deposit Options | |
| Withdrawal Options |
|
| Platform Types | Opteck WebTrader |
| OS Compatibility | Web browsers, Windows, Linux, MacOS, Android, iOS |
| Tradable Assets |
|
| Languages supported on Website | English, Italian, Japanese, Russian, Arabic. |
| Customer Support Languages | English, Italian, Japanese, Russian, Arabic. |
| Customer Service Hours | 24/6 |
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FAQ
TRADING ENVIRONMENT
How many instruments can I trade with Opteck?
You can trade the following financial instruments:
- CFDs on forex
- Stocks
- Commodities
- Indices
Which platforms are supported by Opteck?
Opteck Web Trader.
Does Opteck offer leverage?
Yes, Opteck has a maximum of 1:400.
What spreads can I expect with Opteck?
You can expect variable spreads from 0.03 pips EUR/USD.
Does Opteck charge commission?
No, Opteck does not charge commission on trades.
Are there additional charges on the Islamic account?
Not that can be seen on Opteck’s website. Traders must verify this information with the broker as it is not stated on the website.
Is Opteck regulated?
Yes. Opteck is regulated by CySEC and IFSC.
Is Opteck a recommended forex trading broker for experts and beginners?
Yes. Opteck caters for both beginners and experts.
What is the overall rating out of 10 for Opteck?
6/10.
ACCOUNTS
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Opteck offer a demo account?
Yes, Opteck offers traders with a demo account.
For how long is the demo account valid?
The demo account is valid for 30 days.
Does Opteck offer the option of an Islamic Account?
Yes, Opteck offers the option for an Islamic Account.
Which live trading accounts does Opteck offer?
- Basic Account
- Bronze Account
- Silver Account
- Gold Account
- Platinum Account
- Black Account
What are the available deposit currencies for a live trading account?
- EUR
- USD
- AUD
DEPOSITS AND WITHDRAWALS
What is the minimum deposit for Opteck?
Opteck has a minimum deposit of $250 (3 705 ZAR).
How do I make a deposit and withdrawal with Opteck?
- Credit/Debit card
- Bank Wire Transfer
- Skrill
- Neteller
- Western Union
Does Opteck charge withdrawal fees?
Yes, Opteck does charge a 3.5% withdrawal fee except for Platinum and Black first withdrawals, but other financial institutions costs could also apply.
How long does it take to make a withdrawal?
This will depend on the payment method used. It can take between 30 minutes up to a few working days.
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