Opteck Broker Review ¦ Trade with Regulated Broker in South Africa

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo

    2 place in the ranking!

Opteck Broker Review 2020

Opteck is a global binary broker, who is also available for trader in South Africa. This broker is a brand name of Centralspot Trading Ltd and online since 2020.

As one of the trustworthy binary brokers reviewed by us, Opteck has quickly gather an increasing number of South Africans, interested in trading binary options with this broker.

In this Opteck broker review, we will cover main segments of what a trader should know before starting investing in binary trading. Traders will be able to get valuable information about payments, trading features and how to contact this broker.

Opteck Trading Platform

It is important to mention how Opteck is a regulated binary broker.

Our Opteck broker review revealed us how they use own software, which is not so common among binary brokers. Their platform is really simple and new traders can easily search for needed infor without worrying what to look for and where to find it.

To ensure traders a positive trading experience, Opteck uses SSL encryption technology.

To start trading binary options with Opteck, minimum deposit is $250. South African traders can invest in EUR, USD and GBP. Maximum payout available is 89%, as discovered for our Opteck review. Minimum investment per trade is $25 and maximum is $10 000.

Opteck Trading Features

As seen on trading platform for Opteck review, this broker has prepared a set of trade options to choose from, such as High/Low, 60 Seconds, Range Options and One Touch. Each trade needs and expiration time and therefore, available times of expiry with Opteck are: 30 s, 60 s, 5 min, 30 min and 1 hr.

South African traders can choose from 50 primary assets, based on stocks, indices, commodities and currencies. The user-friendly platform has explained trading procedure step by step. Whenever a trader selects an option, the detail is given in menu below the chart. Due to this feature, it becomes convenient for traders to have an eye on ongoing trades.

Our Opteck broker review revealed how this broker offers an excellent and useful trading service: a demo account.

Opteck demo account is one of supportive option that is designed to give a lot of benefits to South African traders. Trade in risk free environment persuades traders to practice various trading options with full concentration.

Opteck broker offers $1000 to place maximum trades in a secured environment. As a result, traders get aware of trading strategies without losing a single penny. Availability of virtual money $1000 makes it easy for South African traders to use a wide range of tools to invest funds in indices, currencies, commodities or stocks.

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo

    2 place in the ranking!

The Opteck broker review has clarified the bonus system and its wagering terms. Whenever traders meet the turnover compulsions, the trading platform releases the promised bonus. As soon as the terms and conditions regarding the trade are accomplished, the bonus is transferred from trading account to bank account. It is traders’ choice to trade with the bonus or cash out the amount.

Trading services to increase the payout ratio are available to please the investors in South Africa.

In this regard, mobile trading is one of the useful tools that work well with Apple and Android devices. Opteck mobile app feature is playing vital role in binary industry since it is complimentary for traders who cannot stay at home to place trades in binary options.

Now, it is trouble-free for professionals to login mobile version and receive updates round the clock.

Opteck Trading Accounts

Apart from demo account, there are several other accounts to support traders from all levels.

It is objective of Opteck broker to provide a platform that can understand needs of South African traders.

For Muslim traders, Islamic accounts are on hand that do not charge any interest. Islamic accounts can be customized as per individual preferences.

Opteck Basic account

  • Minimum deposit $250
  • Welcome bonus 20%
  • Free access to Education Center
  • Ebook + daily market news
  • Price alerts

Opteck Bronze account

  • Minimum deposit $1000
  • Welcome bonus 30%
  • Free access to Education Center
  • Ebook + daily market news
  • Price alerts
  • introduction sessions with an Expert

Opteck Silver account

  • Minimum deposit $2500
  • Welcome bonus 40%
  • Free access to Education Center
  • extra payout 1%
  • Ebook + daily market news
  • Price alerts
  • introduction sessions with an Expert

Opteck Gold account

  • Minimum deposit $10 000
  • Welcome bonus 60%
  • Free access to Education Center +price alerts
  • extra payout 1% for binaries and 2-4% on CFDs
  • Ebook + daily market news
  • private tutorials with a strategy Expert
  • introduction sessions with an Expert

Opteck Platinum account

  • Minimum deposit $25 000
  • Welcome bonus 80%
  • Free access to Education Center +price alerts
  • extra payout 2% for binaries and 1-3% on CFDs
  • Ebook + daily market news
  • private tutorials with a strategy Expert
  • introduction sessions with an Expert

Opteck Black account

  • Minimum deposit $100 000
  • Welcome bonus 100%
  • Free access to Education Center +price alerts
  • extra payout 3% for binaries and 1-3% on CFDs
  • Ebook + daily market news
  • private tutorials with a strategy Expert
  • introduction sessions with an Expert

Opteck Customer Support Service

Our Opteck broker review showed how this broker offers assistance via several different ways. Traders in South Africa can contact Opteck through email on [email protected] , web form, live chat and phone. Phone is available for 26 countries, however traders in South Africa can use this one: + 27 105 008 586.

If traders desire to be in touch with trading experts through live chat, they get feedback in 10 to 15 minutes. The role of support agent is very supportive and friendly with all traders. Novice traders can get assistance for trading process, selection of trading options, bonuses, software and withdrawal.

So far in Opteck broker review, we noticed how they have an excellent library of education materials.

This is very important for all traders who are in a search to find important information about how to trade and from where to begin. Traders are able to learn more about how to trade binary options and CFDs as well. This comes as novelty on Opteck new redesigned platform.

FAQ section, video courses and tutorials are the available options for professional as well as new traders in order to get access to articles on trading tips, fundamental analysis and technical strategies.

Opteck Banking Info

As mentioned above in Opteck broker review, this platform is SSL secured. This means how all personal and financial data of registered traders are encrypted and won’t be shared with a third party. Before making any transactions, traders first need to submit few documents to confirm identity.

They are: copy of ID card, proof of address and credit card copy.

Our Opteck broker review revealed how available payment methods are:

  • Debit and credit cards – Visa, Mastercard, JCB, Visa Electron and Diners Club
  • Bank wire
  • E wallets Skrill Moneybookers, Neteller, CashU, iDeal, Neteller, PostePay, QIWI and Western Union

Use of SSL technology has made withdrawal and deposit methods risk free as financial and personal information is saved in encrypted form.

To take out funds from Opteck account, three to four working days are required. Though minimum amount to take out cash is $50; however the amount increases up to $100 for bank wire customers.

Black and Platinum account holders do not need to pay withdrawal charges but Gold, Silver and Bronze account holders are bound to pay $30 as withdrawal fee.

Opteck Review

Seize opportunities in the market by achieving simplicity trading forex with opteck. These forex brokers have been in operation since 2020 under regulation by Cyprus Securities and Exchange Commission. Owned by Centralspot Trading Ltd in Cyprus, opteck is determined to educate traders about binary options. These forex brokers put their focus on training forex traders for them to gain from this trading.

The forex brokers however found themselves in a bad spot in 2020 with some people claiming that trading forex with them is more of a gamble due to increased financial losses. Despite the fact that these brokers are regulated by Cysec, it is upon you to gauge their credibility with this background information in mind. Their website is automatically encrypted with 128- bit SSL technology to improve safety of your personal data.

Features of Opteck

One click trading is possible with opteck on more than 50 highly liquid assets to carry out forex trading. You can also trade range high or low using a trading platform. Trade more than 94 stocks, 7 commodities, currency pairs and 12 indices with opteck bearing in mind that this cannot be done simultaneously with opteck. It is aimed at offering a wide range of assets on different trading platforms

These forex brokers strive to gain back credibility through giving you educational materials on what you can do to improve trade. They use a distinctive approach to education where you are guided by the account manager to take you through webinars for you to understand forex trading basics. It also offers you call and put digital options ranging from 60 seconds to 24 hours, 85% payoffs and 15% rebates on the chosen assets.

A user friendly platform known as Tradersoft welcomes you to trade forex with these brokers. Place direct trades through charts by clicking on the arrows provided in the platform. During call or put trades, it gives you a chance to sell an option in case the price is not going in your favor so as to avoid financial loss while using the platform. You get to acquire control with a minimum keystrokes. Economic calendars and real time alerts from Tradersoft lets you know a convenient time to place trades in forex trading.

Deposit different amount by opening each of these accounts and enjoy the following bonuses:

Deposit a minimum deposit of $250 to start forex trading with opteck. This account makes you liable to receive 20% bonus.

This requires a minimum of $ 1000 to start trading on. From Bronze account, you get a 30% bonus.

Opening this account gives you an option of depositing any amount between $ 250 and $ 4,999. You are able to earn yourself a 30% extra bonus to welcome you to the account.

For VIP trading professionals, open a gold account at $ 5,000 to $ 9, 9999 and take forex trading to the next level.

Opening this account requires a minimum deposit of $ 25000 earning you an 80% bonus.

Deposits and Withdrawals

Deposit a minimum of $ 250 through web money, western union, JBC and credit cards to fund your business. This gives you an extra bonus of 20% during normal days and a higher bonus when there is a special promotion.

Withdrawals take 3-4 days since they have to be approved by the account manager. The minimum amount that you can withdraw from your account is $ 50. You can also get you bank statement within 7 days reflecting all the trading transactions that you make. You will be charged a 3.5% withdrawal fee.

With opteck, you are required to pay a maintenance ace fee of 7.50%` at the end of every month. Binary traders pay an extra profit clearance fee which is determined by how successful binary trading is. For instance, for $ 250, you pay a $ 1.50 profit clearance fee.

Get a 20% bonus by opening a trading account with opteck. These forex brokers also lets you enjoy lots of promotions as well as participate in helpful competitions to improve growth and development in forex trading

Even if some people doubt the credibility of these forex brokers, it is good to give credit where it is due. Opteck customer service is fast to respond to you and gives straight to the point information through their representatives. An account manager is trained to tackle all your questions regarding forex trading.

  • Being regulated by Cysec, these forex traders ensure safety of your funds
  • You enjoy competitive payout percentages
  • They lack advanced trading options and features.
  • Additional fees puts off traders.

Operating for more than five years now, the team is able to give you a focused and friendly approach in the world of binary option trading. By combining selected assets, use of technology and educational support, opteck gives you a simple and fun way to trade forex.


Leave a Reply Cancel reply

+++Top Broker 2020 SA+++

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. For more infomation, read our disclaimer.

Best Forex Brokers in South Africa

There are thousands of Forex brokers around the world, and South African citizens can register and trade with all of them. However, traders are strongly advised to stick to brokers regulated by the FSCA – Financial Services Conduct Authority of South Africa. Regulation is the first consideration traders should take into account before choosing a broker.

Many brokers appear very similar at first, but there are subtle differences which make each broker uniquely suitable for a different type of trader. All of the following brokers are regulated by the FSCA and all of them offer demo accounts. These are the first prerequisites in narrowing the list down to the broker that is best for you.

Risk Warning: Trading Forex and CFD is Risky, Your Capital is at Risk.

Top 8 South African Forex Brokers

Here are the top Forex Brokers in SA:


FXTM is a highly Popular broker among South Africans as they are registered with our local FSCA regulator, so you can rest assured there is no monkey business going on.

Also what’s great is that if you don’t have the usual $250 minimum deposit required by most brokers, FXTM has a an account known as the cent account with a minimum deposit of only $5.

Cent Account – Minimum Deposit $5 (+/- R80), Spreads from 1.5
Standard Account – Minimum Deposit $100 (+/- R1,400), Spreads from 1.3

To wrap it up they pretty much have all the bells & whistles as any other broker on this list, including Copy Trader a feature which allows traders to automatically copy professional traders.

Check out the ForexTime website if you’d like to learn more.


AvaTrade is regulated by 6 different regualatory bodies across the globe including South Africa’s FSCA, their head office is based in Ireland.

They offer a wide array of educational resources, and provide novice traders the opportunity to follow the trades of more experienced traders.

In fact, they offer one of the widest choice of trading platforms. Their own platforms are AvaTradeAct and AvaTradeGo. AvaTradeAct is Mac compatible while AvaTradeGo can be used on Apple and Android devices. As with most brokers, clients can also trade with MT4, ZuluTrade, Mirror Trader and MQL5 allow clients to copytrade and follow signal services.

AvaTrade was one of the first brokers to offer cryptocurrency trading and still has the widest range of cryptocurrency CFDs.

Visit the AvaTrade website for more details.

CM Trading

As an FSCA regulated broker & SA’s largest broker CM Trading provides its clients with custom made Forex trading solutions.

Their clients can enjoy a wide variety of powerful Forex trading platforms and software such as the popular MetaTrader 4 and the CopyKat system.

CM Trading is committed to providing its clients with the best trading tools on the market in order to help them maximize their profit potential.

They keep clients’ funds in segregated accounts, which allow them to trade with confidence.


IronFX pride themselves on their transparency. They are registered with South Africa’s local FSCA & have an office located in the country with dedicated account managers to support their forex traders.

They offer three account types: micro with a minimum deposit of $100, a premium account with a minimum deposit of $2,500, and VIP accounts which require accounts of $20,000 or more.

Their proprietary app is IronFx webtrader, and clients can also use the PMAM platform to manage multiple accounts. This broker offers a very wide array of reports for clients to track their accounts. IronFX offers fixed and variable spreads to suit different trading styles and volumes.

NB: IronFX currently has a 100% Deposit Bonus for new South African Clients


FxPro is a well-known international broker with offices in Cyprus and London – they do not have a South African office, but are regulated by the FSCA. FxPro offers a wide range of pricing plans to suit clients with varying account sizes and trade volumes. While they do offer two proprietary platforms, cTrader, FXPro Markets, they are a favourite amongst clients using MT4 and MT5.

FxPro also offers premium accounts for clients with more than $50,000. Premium accounts give clients access to a dedicated account manager, and access to faster servers if you trade with MT4 or MT5. Premium accounts give clients access to a wide range of expert advisors and other algos to trade automatically.

NB. Don’t confuse FXPro with http://fx-pro.co.za/ a local company dedicated to FX payments and money transfers.

IG is a UK based broker with a significant operation in South Africa. They offer forex trading as well as trading in equities, commodities and indices. Most of their client’s trade markets via CFDs and spreads, however they also offer DMA (Direct Market Access) to the Forex market via their Forex Direct platform. Clients can trade using the slick website, mobile apps and MT4.

IG is regulated by the FSCA in South Africa and the FCA in the UK. They are also listed on the LSE.


Saxo is one of the oldest dedicated FX brokers and also the largest in the world. They offer trading via SaxoTraderGo, their mobile platform and SaxoTrader a desktop platform. They also offer options on Forex, something few brokers are able to do. Saxo Capital Markets is owned by Saxo Bank who act as a market maker and can ensure liquidity and better prices.

Saxo offer lower leverage than most brokers, and also increase margin requirements with larger trades.

Saxo also offers trading in CFDs, equities, commodities and other instruments. The parent company, Saxo Bank, is based in Denmark.

FXCM is another large international FX broker which has been around for some time. The have three account types: Mini, Standard and Active Trader with minimum required account balances of $25, $5,000 and $25, 000 respectively. The larger accounts have lower spreads, but higher minimum commissions, so the pricing works out well for larger accounts.

FXCM has a proprietary platform called Trading Station, but also offers integration with MT4, Ninja Trader, ZuluTrade. They are actually one of the few FX brokers to provide access to the hugely popular Ninja Trader.

Tips for Picking the Best Forex Broker in SA

  • Regulation is the most important factor when choosing a broker. Next comes pricing, the responsiveness of customer support and the trading platforms offered.
  • The leverage a broker offers should be the last factor considered. Trading with leverage of 100 to 1 is very risky, so anything more than that is unnecessary.
  • Decide which currency pairs you will trade, the position size you will trade and how many trades you will execute each month. Then look at the pricing to work out which pricing plan is right for your trading.
  • Some brokers will advertise very small spreads – but these only come when you pay commission. These commission structures will often entice you to trade too often, and too big. Sometimes it’s best to pay the higher spread and avoid these commission structures.
  • There are thousands of brokers around and numerous scams. One of the biggest red flags is when clients struggle to withdraw cash from their trading account. Before depositing money into a trading account, do your research and visit forums and Facebook pages to see if their clients have had a problem getting money back from the broker.
  • More brokers are registered in Cyprus than anywhere else. There is a reason for this – Cyprus is the easiest jurisdiction to register a broker. Avoid brokers that are only registered in Cyprus and nowhere else.

Forex Broker FAQ

What exactly is a Forex Broker?

A Forex broker acts as an intermediary between traders and international currency markets. They do this by providing a platform and capital.

A trading platform provides traders with access to the interbank market. The interbank market is a collection of technology platforms used by banks to trade with one another. The broker platform provides traders with live prices, the ability to execute trades, and tools like charts.

Most traders use leverage to trade, and brokers provide leverage by effectively lending capital to their clients.

What is Leverage?

Leverage, also known as gearing, allows traders to take positions using capital borrowed from a bank. The trader’s margin account is used as collateral against the loan, and any losses are subtracted from the margin account.

There is more than one way to trade with leverage. A margined trading account gives traders access to leverage as mentioned above. Derivatives also give clients access to increased buying power. When a trader buys a CFD, future, option, or spread position, they must pay margin to enter the trade. In this case, the margin is like a deposit against which any losses are offset.

Forex brokers offer leverage of anywhere from 50 to 1,000 times a trader’s margin, though this usually depends on the account size, trade size and volatility of the currencies being traded.

What is a Pip?

For most currency pairs, a pip is the smallest change that can take place in the rate. It will usually be the fourth number after the decimal. If a currency rate is quoted at 1.1515 and it moves to 1.1516, then the rate has increased by one pip.

Some pairs are quoted to five decimal places, in which case the pips are measured in decimals. If the

EURUSD pair is quoted at 1.17895 and it moves to 1.17898, then it has increased by 0.3 pips.

What is the Spread?

The spread is the difference between the buy and sell price. So, if the EURUSD pair is quoted at 1.17485 to 1.17489, the spread is 0.4 pips.

In the above example, a trader would buy at 1.17489, which is the offer (or ask) price. If the trader wanted to sell, they would sell at 1.17485, which is the bid price.

How do Forex Brokers make money?

Brokers either charge commission, or add their fee to the spread. Sometimes they do both.

Commission is calculated as a percentage of the value of the trade. Commission is deducted from a trader’s margin account.

If a broker makes money on the spread, they will quote a wider spread than the spread available in the interbank market. So, if the EURUSD pair is quoted at 1.17480 – 1.17485 in the interbank market, they might quote the rate at 1.17470 – 1.17495. If a client bought at the broker’s offer price, the broker would buy at the lower price in the interbank market, giving them a 1 pip profit.

Why do Forex Brokers need to be regulated?

Forex brokers need to be regulated for two reasons: risk and fraud.

Most traders use leverage. Most brokers have thousands of clients, and all the positions a broker’s clients hold can add up to significant exposure. If a broker does not manage its own risk properly, it can be wiped out if market volatility increases. This would mean the broker’s client accounts can also be wiped out. It also poses systemic risk to the market. Regulations force brokers to take adequate measures to ensure they do not put client accounts at risk.

Brokers are also regulated to prevent fraud. Client accounts and the broker’s working capital need to be separated. If client money is used to run the business, this amounts to fraud. Regulatory oversight is needed to make sure this does not happen.

Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. We do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo

    2 place in the ranking!

Like this post? Please share to your friends:
Binary Options Online Trading
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: