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Opteck Review 2024

Website: www.opteck.com

Min. Deposit: US$ 250

Leverage: 1:30 | 1:500

Trading Platforms: Opteck WebTrader

Regulation: CySEC

Headquarters: Cyprus

Founded: 2011

Regulatory Licenses:

- Centralspot Trading (Cyprus) Ltd.  - authorized by CySEC (Cyprus) registration no. 238/14 (no longer available)

- CST Financial Services Ltd - authorized by IFSC (Belize) registration no. IFSC/60/377/TS/17

Updated on February 23, 2024

Quick Links


Is Opteck safe or a scam? ▲

Opteck adheres to the most rigorous regulatory standards, providing a secure trading environment and guaranteeing a regulated experience. As a trader, you are treated in accordance with international laws, ensuring your trading activities are legitimate and safe. Opteck operates under the trading name of Centralspot Trading (Cyprus) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

An additional branch of Opteck is established in the offshore zone of BVI, which generally is not advisable to engage with, especially if this is the sole regulatory body overseeing the broker. However, since Opteck is also licensed by a European regulator, it is deemed a secure choice for traders, with a clear policy of segregating client funds from the company's operational funds to ensure safety.

The broker employs robust security protocols for handling account details or funds. All information is encrypted with SSL and stored securely, providing an additional layer of protection for traders.


Trading Platforms ▲

The timing is critical in trading markets, and Opteck has meticulously developed an advanced system that quotes up-to-date market prices without any delays. Opteck provides its own tradable prices, which are derived from independent price providers, ensuring fairness and transparency.

The Opteck trading platform is a proprietary technology developed with endless possibilities, available for desktop, mobile, and tablets. It offers access to the markets with top trading tools, live data, and enables trading through fast execution alongside a plethora of instruments and features.

The platform boasts a user-friendly interface that is both intuitive and easy to navigate. It integrates multiple graphs, market news, and professional trading signals directly into the platform, enhancing the trading experience.

Opteck's platform has received multiple accolades for its functionality and responsiveness. It allows 100% customization, enabling traders to engage in CFDs and market trading through cutting-edge features with instant market access.

Furthermore, Opteck has developed an advanced app that allows traders to seize market opportunities instantaneously, manage accounts and portfolios, and stay updated with news effortlessly and conveniently directly from their phones.


Accounts ▲

Opteck has developed six account types filled with various tools tailored to meet the trading needs and expertise levels of its clients. These accounts range from Basic to Black, including Bronze, Silver, Gold, and Platinum in between. Each account type offers different conditions for trading, with higher-tier accounts benefiting from better fixed spread offerings. The pinnacle of Opteck's account types is the Black Account, which is exclusively designed for elite clients and offers tailor-made features negotiated between the client and the company.

Additionally, Opteck offers a unique account designed for traders worldwide who wish to adhere to Sharia rules. This Islamic account features no interest, swaps, rollover commissions, or overnight positions, ensuring compliance with Islamic finance principles.


Spread ▲

Opteck's spread structure is designed so that the larger the account size, the more favorable the spread offering. For example, the average spread for EUR/USD is listed at 0.03, showcasing Opteck's competitive pricing across various currency pairs. When trading with Opteck, it's crucial to consider the rollover or overnight fee, which constitutes an additional cost for positions held longer than a day. For instance, the overnight fee for short positions on EUR/USD is -0.00987, and for long positions, it's -0.00125.

To provide a clearer picture of Opteck's competitiveness in the market, below is a comparison of spreads for some of the most popular trading pairs:

  • Asset/Pair

  • EUR/USD

  • Crude Oil WTI

  • Gold

  • Opteck Spread

  • 0.3

  • 5.5

  • 75 cents


Leverage ▲

While engaging in trading activities with Opteck, traders have the advantage of utilizing the powerful tool of leverage, which can significantly amplify potential profits by allowing the multiplication of the initial account balance. However, it is crucial for traders to understand how to employ leverage effectively, as it also possesses the capacity to escalate potential losses. The leverage options provided by Opteck are influenced by a variety of factors, primarily established based on the regulatory prerequisites in different regions. Consequently, when trading under the global entity of Opteck, traders can access high leverage levels such as 1:400, 1:500, or even higher, provided they affirm their professional status. Nevertheless, for residents of Europe or those trading with the European entity of Opteck, adherence to ESMA regulation is mandatory, which caps the maximum leverage at 1:30 for Forex instruments and 1:10 for Commodities, among others.


Deposits and Withdrawals ▲

Opteck offers a plethora of payment methods to accommodate fund deposits or profit withdrawals through various convenient options, effectively catering to a wide array of payment preferences globally. This array of simple and secure payment solutions includes Credit or Debit Cards, Bank Wire Transfers, and an extensive selection of e-payments. The minimum deposit requirement varies depending on the chosen trading account with Opteck. For instance, the entry-level Basic account mandates a minimum deposit of only $250, which is an attractive proposition for novice traders. Conversely, the minimum deposit requirement for advanced account types escalates to $1,000, $2,500, and even $25,000 for the Platinum tier. Regarding withdrawal fees, Platinum and Black account holders benefit from one free withdrawal, whereas a 3.5% fee is applied to subsequent withdrawals.


Conclusion ▲

In conclusion, after a thorough review of Opteck, it becomes evident that the company's approach to trading is rooted in simplicity. In today's complex investment landscape, characterized by an abundance of offerings, tools, and markets, Opteck stands out by offering a straightforward choice of a proprietary platform, robust markets for trading, and comprehensive education and support. The company welcomes traders of all sizes, with manageable deposit requirements to initiate trading, and competitive pricing based on fixed spreads. Opteck prioritizes a simplistic yet genuine trading process over the introduction of sophisticated tools or features designed to impress. Traders are encouraged to share their experiences with Opteck, including any advantages or disadvantages they have encountered, or to request further information. It is important to note that the trading name Opteck is no longer active, and traders are advised to conduct their own research before engaging with any proposals from Opteck or its registered company, Centralspot Trading (Cyprus) Ltd., which currently operates under the new trading name fxcv.com/eu.

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