THE HOT WINDOW
The Opteck Broker Advantage
As one of the more popular brokerages for trading binary options, we wanted to review Opteck to learn what makes this particular brokerage more favorable to traders. Our review is of the many features offered by Opteck through their trading platform, the user-friendliness of their online system, and their vast video library of useful lessons in trading binary options.
So here we go:
Great for all level traders
The first thing we've noticed in reviewing Opteck, is that it is well suited to fit every level trader. By providing an easy to understand and feature rich platform combined with a library of useful learning tutorials, Opteck is fit for entry level traders ready and eager to trade, to advanced level traders who have a more in depth understanding of how the market operates.
This option sets the limit for the allotted dollar amount per trade. A feature like this is extremely useful for new traders that are still learning because it allows the ability to limit the risk per trade.
Every assets expiry time is available before a trade for the asset is made. This gives a trader the ability to make the research and analyses of an asset time-specific which will base the trade on more accurate information and increase the level of success of trades.
Tools that we found to be very useful in Opteck's platform are the asset index, the fundamental and technical analysis, and the market review. These sections provide a lot of useful information to trades, and can assist with reviewing and analyzing assets. Opteck also offers mobile apps for iPhones, and Android devices which are very handy when you're on the go.
Percentage of payout
The percentage of payout is nicely displayed within every asset helping a trader know the rate of return for successful trades. Percentages vary depending on contracts. When a trade is successful, it's called an “in the money” trade, when a trade is unsuccessful; it's called an “out of the money” trade. “In money” trades offer a larger percentage for payouts than “out of the money” trades. Opteck conveniently displays assets, rates, and other useful information within the trading platform.
No commissions or other charges
A nice addition to trading with Opteck is that they don't charge fees or brokerage commissions for trading through them.
Opteck offers telephone, support, email support, and live chat and makes getting in touch with a live person easy and convenient. We found their support system very useful for additional help we needed regarding trades.
Opteck's platform is user-friendly and designed to give you a birds-eye view of what's going on with assets for quick action trades. Other platforms we reviewed had features, which we preferred over Opteck's, however Opteck's platform provides all of the information necessary to keep you in the action, and allow you to make quick decisions.
Vast educational material
One of Opteck's biggest advantages is their enormous library of training material. From news articles, to video tutorials, Opteck provides a trader a comprehensive amount of literature, and video clips putting a trader on the right path. The learning curve associated to trading binary options most of the time is overcome by experience. That experience might be at a result of losses in trade. The useful aspect of the right training material is that is prevents you from making wrong decisions on your initial trades.