Opteck Overview

  • Opteck
  • Bonus: up to100%
  • Options Profability : 65-85%
  • Rating: 7.5 / 10


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Broker Name: Opteck
Platform: MarketPulse
Founded: 2011
Bonus: up to 100%
Return/Refund: 65-85%/0-15%
Opteck Overview


No. Of Assests : 50
Regulated : CySec
Demo Account : Yes
Minimum Deposit : 250
US Traders : Not Accepted
Read Users Reviews

Review Last Updated 2015-11-24 09:42:08

Editor’s Note –  Why does Opteck Suck in 50 Words?

The thing that bothers me the most about Opteck is the above average number of complaints made by their clients, and a very detailed ones as well. More than 20 complaints only on BOTS… That’s a big number no doubt. I do see some of the complaints being resolved, sometimes a bit too late. The number of complaints dropped lately due to process of regulation (Finally granted 20/06/2014), but we’ll have to keep monitoring.

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Why Opteck doesn’t Suck

Opteck is well suited for newbies and novice traders: They offer a free e-book to all registered users, which is quite comprehensive and well structured, market commentary that is up to date and helpful, lots of trading basics, tutorials and a demo account. It really feels like they put a lot of work into that and I’m happy to see a broker who is not lazy and actually offers useful educational material. The fact that they are finally regulated is an even better advantage.

Opteck Review – Mixed Feelings

Opteck is owned by Centralspot Trading Ltd, located at 6 Vassili Vryonidi Street, Office 304, Limassol, 3095 Cyprus. The Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) since 20/06/2014 under license number 238/14. The company’s registration number is 325259.  I must admit, not a lot of brokers are to my liking, but my first impression of Opteck was that we are going to get along just fine. Right from the start I could see they are transparent and I can easily get information about the company that owns the website and also their physical address, a thing that should be adopted by all brokers. After all, I give them all my personal details and copies of government issued photo ID’s so why some brokers choose to hide their name is beyond my comprehension. But as I was saying, Opteck publicly shares this information, so there’s no problem here.

The platform used by Opteck is Market Pulse, which is known to be very user friendly and intuitive; you can trade directly from the chart by clicking on the Up or Down arrows that appear when you move the mouse pointer over a chart. Once you click on the arrow, a box automatically appears and you can select the desired amount to invest. It’s so simple and to the point that I don’t think even a newbie could mess up a trade and blame it on the platform. A great addition made by Opteck is the feature of selling an option: once you opened a Call or Put trade, if you feel like price is not going your way, you can choose to sell the option (close the trade) and by doing so you will receive back a part of your initial investment.

Opteck’s attention to detail and their decision to do things the right way translates into a professional trading environment and an overall impression that we are dealing with a respectable broker…but (there’s always a “but”) they cannot get rid of some of the old bad broker habits like Customer Support telling me that I can receive a 100% bonus only if I deposit today…Come on, I know that I am going to receive that bonus tomorrow and the day after that if I know how to ask for it, but I guess they have to sell their product after all and advertise it the best they can. Another way of selling their product is by not giving me a Demo account until I deposit…500 euro. “Now that’s kind of expensive” I replied and the answer came swiftly: I’ll lower it to 300 euro…but the offer is valid only today. Everything seems to be happening “only today” so I must be very lucky, right? Well, even the best brokers suck sometimes but overall I was pleasantly surprised by Opteck’s approach.


Is Opteck a Scam?

I have no reasons to believe that as the company is regulated and you can easily locate their physical address. However, Opteck must improve in two areas to become a more reliable broker: 1. Some basic information is lacking and I could only obtain after talking to live chat. Stuff like bonus wager, withdrawal process “Note, confirmation with your Account Manager or Broker is required for the finalization of the withdrawal.”, and upsetting fees like “maintenance fee” are not exactly my cup of tea. 2. I can see a problem with their staff, it seems they are sometimes too anxious to “help” traders they sometimes make mistakes causing damages to their clients accounts. Regulation prohibits the broker’s account managers to give any advice, so we hope we don’t be seeing anymore from that. In any case, BinaryOptionsThatSuck.com team is here to follow!


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Opteck Complaints

When we searched for complaints for Opteck, we found quite a few, also on this website right below, on comments section and on Opteck’s complaint center (link on Reviews & Ratings page). Complaints vary from poor advice made by account managers, problems with withdraw, and other issues. Most complaints are very detailed and seem very authentic. It really seems like opteck’s clients decided to take some time to explain their feelings, the experience they have been through and overall send a clear massage – they’re not happy. Some complaints have been taken care of by Opteck Support, which I find great, but not enough. Recently we’ve seen a decrease in complaints, our team will keep following.

Opteck Bonus

The Bonus for the first deposit is 50% but during special promotions it can go as high as 100%. To withdraw the bonus, you have to trade between 15-20 times the deposited amount. I know that because I had a chat with support, but I’ve searched the entire website including the terms and conditions but couldn’t find any information about the wager. Strange.

Opteck Withdrawal

There minimum withdrawal amount is $50. Once the client has provided the required documents, the withdrawal will be processed within 3-4 business days and a few more days to get account manager authorization… After which, depending on the individual’s bank, it can then take up to 7 days to show on the client’s statement. Withdrawal can be done in the same way as deposited, up to the minimum deposit amount. The rest of the profits could only be withdrawn through bank-wire.

Opteck Extras

Compared to some of the other brokers, Opteck has a nice amount of extra features:

  • Great education section and a comprehensive e-book.
  • Sell back option
  • Nice Demo upon Registration!


Opteck Ratings

User Friendly 19/20

The Market Pulse platform is intuitive, the website is well structured and all features are easy to use. There is a small delay when executing a trade, but within acceptable limits. The website is available in 9 languages including English, French, Italian, Dutch and more.

Number of assets and expiry times 14/20

Their basket of assets is average low as they only have about 50 assets to trade. The expiry times range from 60 seconds to 2 minutes, daily and sometimes longer time frames, with the possibility to trade One Touch Options and Range High/Low.

Commissions, Support and Effective return 15/20

There are no fees for registering or depositing. Their Customer Support is quick to answer and helpful, giving pretty straightforward answers. There’s a 3.5% withdrawal fee. The effective return goes as high as 85% and you will get a refund up to 15% if your options expire Out of the Money.

Deposit, Payment and Bonus 17/20

The minimum deposit is $250 and can be made using various methods: wire transfer, major credit cards, WebMoney, CashU, Western Union, JBC. A withdrawal will be processed by Opteck within 3-4 business days but it could take between 7 to 10 business days until the funds will show in your account. The normal bonus is 50% but it can be higher during their special promotions. To withdraw the bonus you will have to trade a volume of 15-20 times the deposited amount* see bonus section above for more details.

Website Extras 13/20

The website is filled with things that can be considered Extras, including a lot of training videos (however, you will need an active account for those to be available), market analysis and a free educational e-book. Although many brokers have these features, Opteck’s quality makes them “extra”.

Opteck Ratings 78+ Process of Regulation (+3) – *Low User Rating (-5) = 75/100

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 *In case a broker receives a low user rating bots (X<50) our team deducts 5 points of the overall ratings.


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115 Responses to “Opteck”

  1. Jeremy Benson

    I just got done watching a YouTube video that said that since they are not regulated that they are illegal in the USA. The video explained that a company had to be regulated or there was a crime… is there any truth to that?

    • Brad

      Hi, I’m Brad and I’m a binary options trader. I’m Brad and I’m a binary options trader. To the best of my knowledge binary options brokers do not yet have to be regulated. Brokers regulate themselves in order their traders more confidence in trading with them. However there is no mandatory license for the US and most brokers are anyway regulated by the European CySEC which is irrelevant for US traders anyway. Anyway, I’m trading with Opteck for a while and meanwhile have encountered nothing else but solid support, honesty and kindness

    • mij

      great video telling the truth, I did not need to buy the program to know it is a scam, i use http://andylank.com/cash-flow for daily income.

  2. fanie

    I deposited $5 000 with Opteck, with the idea that I would deposit another $5 000 in order to have one of their brokers work with me on my account. For the very first session together he didn’t show up, and when he saw that I closed my account and applied for withdrawal, he suddenly called me with a string of excuses. For this kind of money in one’s account, they are unprofessional and their broker service is just as untrustworthy as that of BBinary – I had EXACTLY the same experience with both these companies in this regard. To this day, no one from Opteck even put in the effort to apologise in writing about this incident – and this after they called me numerously to make the deposit.

    • Fanie

      Opteck made contact with me and their support at the moment is top-notch. To want to compare them to a company like Bbinary was really a mistake on my part. Thanks to the entire support team to try and help sort out the issues. The one thing that truly tests a company’s integrity is when it comes to withdrawal. After my short discrepancy with them I applied for a withdrawal, and the speed and no hassles with which it was processed should give any one peace to trade with Opteck. Thanks guys

      • Iris

        Are you able to get your money back? Will you trade with them again?

      • ChosenBoss

        Hi, so you are saying these guys do good work?

    • Nathan

      I have just opened with Opteck and I have found their support and contact to be outstanding and I live in Australia. They have already spent over an hour with me on the phone setting up accounts for netdania and running through their system. I have my first trading lesson with my allocated stockbroker tomorrow. They only receive a commision on successful trades so it is worth their while spending the time to make your trades profitable. Well worth the $ and time.

    • Mac

      Just like fanie, same thing happened to me. Opteck make false promises for trainings and one to one sessions. They dont turn up on the scheduled dates, by the time, we trade and lose some money, then different people will call you to deposit with new scheme of bonuses, prizes and risk free trades. To be successful in Opteck, 75 to 80% of trades should be profitable which is difficult for a new trader. Hence, with Opteck people playing around with the money of new traders, this should be an eye opener for people.

  3. Luis Carlos

    Be careful!! I believe it is a fraud. I´ve been trading for a while and I´ve been succesfull. I got an e-mail saying that my account was suspendede and I´ve been trying to reach opteck and nobody answer back. They keep saying they are goig to call me back, but nobody does. I belive it is a scam. I couldn´t withdraw the money i put.

    • Luis Carlos

      Opteck has called me and said they are giving my original investment back.(I´ll report when it is credited). They suspended my account claiming there is an investigation by the market regulator about me manipulating the results (?) and they have to wait before can restore me access. I have profits that are on hold until they end the investigation. I still don´t know the name of the agency that allegedly is running the investigation nor have received any notification besides the e-mail of opteck. Since I´m on hold, I think is fair to change my previous comment to put them on hold.

    • Moses

      Hey Luis Carlos. Have They resolved your issue and explained why your account was suspended. Please let me know the outcome because I’m thinking of investing there.

    • sherwood romanko

      invested 32k . went to 142k in 3 days. asked to take out 100k and never heard back. did as my options trader told me and lost it to 22k. continued to listen to my trader and am down to 764$ and can’t get it out. guess they want it all. opteck is certainly a big scam. take my advice and stay away from them

      • James

        Brokers Alex Katz & Marshall Grant offered bad trade advice and took me to the cleaners.

        STAY AWAY

    • Luis Carlos

      I want to update the review because Opteck is actually helping me and I have to be fair.
      Opteck did send my money back to my country. I am still trying to make it liquid, but they have been very supportive in order to help me to do it. In the world of binary options where you can´t trust many people, maybe they are one of the few you can. Also, it is important to mention that Mr. Cooper is very helpful and very professional. So I can consider that everything has been settled.

  4. Ben Durandt

    I invested $20 000 with them. When i did not get the results i expected i requested a refund of my money. I have been waiting for a month before they came back with the eexcuse that i received training/webinars and therefor there is a cost implications and i cannot withdraw the money. This is a scam and once they have your money you are screwed.

    • Ayoub

      Since they are Scam why do not we raise this up

      • Iris

        Are you able to get your money back? No
        Will you trade with them again?

  5. Chris

    So you guys that say you have been trading for a while now and have been successfull,wich online traders would you suggest

  6. Luis Carlos

    Review Update
    According to the bank where I hold my account here in brazil, the withdraw of my profit is available to be completed, depending only on the demonstration of the money origin. I´ll stil need some help form Mr. Cooper to get some information, but is fair to say that he has helped me a lot. I wish I could erase any bad coment on his name.

  7. pete

    Hey Luis, did u manage to withdraw your money?

  8. Gerda

    I have been trading with Opteck since September. Once I was offered access to a “secret strategy” if I deposited 1k. I did so, and the strategy never materialised. All I got was blank screens when I followed the link to the so-called webinar. But the worst was that on November 7, 2013, I placed a trade of 2000$ on the eur/usd for a minute. At the last moment my graph jumped into the green, but Opteck said I lost anyway. I checked the values on FreestockCharts and Netdania, and the values showed I won that trade. Now I get the cold shoulder from my broker John Harris, and he says he’s “busy on the phone”. I must say that a lot of the signals that I got from them were pretty lousy anyway, and I did much better trading on my own than following their signals. Although I believe the company exists, and that the probably are not scam artists as such, their platfor is completely wrong with delays etc, and the way they pressure you for money is unbelievable, but when you need help, you get the cold shoulder. Im very disappointed, and Im going to make a video to put on YouTube to show everybody what they have done.

    • Ayoub

      I do totally agree with your comments,,, They are only available to take your money that will never be returned back. I’m not speaking about the profit or the FAKE bonus ,,,I mean your own deposited money that will never be returned back.

    • rod


      I agree – their signals are lousy.. total rubbish. I watched them for a while but they were barely making 50%, sometimes even less than that. Pathetic.
      While I was with them, I got no support from them at all on how to trade. It was just..”Keep on trading until we get your account up.” But when I ask HOW “we” are going to do that… no reply… Hmmmm..

    • Sue Coetzee

      Since Ive posted this message, Opteck agreed to refund my investment that I lost on the trade that I was supposed to win. John Harris has been extremely helpful and kind, and I was really unfair in writing such a scathing review. John Harris went to a lot of trouble helping me eventually and Im staing with Opteck.

  9. Ahmed Al Saidi

    The Opteck provides good customer services. I want to thank my account manager, Mr. Marshall for his patient, efforts and support that he provided to me in order to educate me and rise my level up.Its platform is easy to use and friendly.

  10. rod

    Ahmed.. you get paid to be a PR person for Optek??

    But I agree, they do provide good customer service. I found them kind and friendly, but it still doesn’t change the fact that their signals are lousy..lol I was even given signals via Skype for currencies that didn’t even exist on their platform! And the platform ISN’T easy to use. It is all over the place – expiry times that end in 20 minutes past the hour or 45 past or that go longer than an hour.. very hard to figure out when to place a trade.

    But of all the sites I have been on OptionBit and Optek would have to be the best. Very friendly, attractive packages and they do want you to succeed – which is how they make their money as account managers. And, lets face it.. we are there to make money (hopefully) too.

  11. Ivan K

    I was fooled and deposited $300 at first, then i got a call from a Michael Richards telling me invest more to get the video lessons and a senior broker help to make more money so i added $5000. PLUS I will get a $200 free trade, so if i lose the 200 they will give it back to me.

    I traded and waiting for the senior broker to call, He calls always at the bad time, sent him an email few times with the correct time to call and he said OK, but always goes back to the bad timing.

    I stayed for a while with them, then i requested the $200 free trade to be deposited in my account but never got it. also the Demo account was never activated, maybe they are hoping for me to trade and lose all my money by the time they call me back.

    So now its been a while with no one asking about me. I went and withdraw all my money, but you get the “this transaction must be authorized by your broker. So next day i get a call from John Harris who i never talked to at the wrong time again. I emailed him to call in few minutes he never did, next day same things. and Today he didnt even call back.

    Please guys stay away from this company. I made a mistake and paid the price. Don’t do the same mistake i did. I’m trying to get in contact with anyone to help me out now i don’t know what to do.

    I will give it more few days, and I will go to my lawyer and see what i can do to hurt them, the same way they hurt me.

    Stay AWAY Keep Your MONEY

  12. thabo

    I have been trying to withdraw money from Opteck without any luck these people are very bad they give different excuses everytime I contact them

  13. Ivan k

    They are doing the same with me. I deposited some money, I lost some and want to withdraw the rest. They don’t let you withdraw. But when they want you to deposit the call you everyday like crazy.

  14. sgs5000

    I recently opened an account with Opteck with £300…and made a couple of small trades. I then had one of their ‘managers’ Daniel on my phone asking me for my credit card number so he could deposit money into my account as he wanted to help me make money for all of us! Why would I give a complete stranger on my mobile phone my credit card number….so I declined. I then had five more phone calls from Opteck over the following four days…which I decided not to answer. Too much pressure put on you to ‘invest’. I made quite a few trades – won some, lost some…and agree that the timing of the closeouts does not agree to the second with FreeSTockCharts.com which I was running alongside Opteck charts. I’ve been in the money right up to the last SECOND, and then lost because Opteck chart goes red when FreeStockCharts says different. I’ve now requested a withdrawal – 10 days ago – repeatedly emailed about WHY my withdrawal is not being actioned….and guess what – absolute SILENCE from Opteck. Yes, I think it’s a scam – and I’m just pleased I’m talking about hundreds of pounds here (as a test) not thousands like some of you guys.

  15. arnold

    Let’s suspect that at the moment, their brokers are not making the money they are supposed to. December is a though month for all the forex traders… They need all our money to make it happen to their very big accounts/customers. The little ones like us are subsidizing for the big accounts perhaps. Take from all the little Pauls to give to big Pete…

  16. John

    I have attempted to contact Opteck several times now regarding registration, it has been over a week & i never got a reply from them

    Opteck seems to be abit of a misfit on how they conduct business, 99% of online brokers allow a user/customer to at least demo the software for 30 days ect before opening a live trading account..

    Opteck provides nothing ! you get a demo account only when you open a live account, now that is just abit greedy or shows that the company doesn’t have enough money to cover server costs

    peace John

  17. John

    Been trading with GCI Trading, they offer all the best platforms, stable open source software, tons of signals available & they pay out 4% interest on your balance.. If you live in Canada like me where interest rate is half.. GCI Trading is a really good solution :^)

    peace John

  18. sirua

    First impression was really good , but after making deposit everything has changed. A broker contacted me almost after a week , and he didn’t help me at all. To withdraw the funds is still a challenge. Really unprofessional.

  19. BigMarcus

    Ur blog comments say different from ur review

  20. Eranga

    I recently opened an account with Opteck with out deposit. Then I had lot of phone calls from Opteck over the following four days…which I decided not to answer. Too much pressure put on you to ‘invest’.
    I then had one of their ‘managers’ Kenny Smith on my phone asking me for deposit and I believed him and invested 1000$.
    I made quite a few trades – won some, lost some…
    I continued to listen to my trader and am down to 300$.
    I’ve now requested a withdrawal – 10 days ago – repeatedly emailed about WHY my withdrawal is not being actioned….and guess what – absolute SILENCE from Opteck. Yes, I think it’s a scam – and I’m just pleased I’m talking about hundreds of pounds here.

  21. siddarth koul

    My money is stuck with Optek. What can I do? I am deeply disturbed. Mark Hayes asked for my credit card number for verification and then charged USD it without my consent. So far I have not received any call from him inspite of me sending a few emails and calling on their number as well.
    Is there any govt. agency where I can complain?

    • Roma

      Yes. Always there is a gov. agency to complain. Internet is for what? Find out all the details with your documents as a proof and send it to the agency in the UK. they will follow up and do the needful. Meantime, if you have paid by your credit card, raise an issue with your bank who provided Credit Card and raise “Dispute” for the amount you paid and even if you used while trading with opteck.com, you will get 100% refund from your bank credited in your a/c in 2 to 3 weeks time. Good Luck

  22. lucy


    All guys i m being stupid and trust them ,and the way they do is not very professional, so it make me doubt, and i search on net to find more about opteck and now i can proof they are scam!

    Before i make payment i got so much disturb by their calls. one day call u 10 times. after payment done, they disappeaer and call u one time, and help u make a big trade without explain anything on the theory, gone and left u alone, and even ask help and no one response.

    Thanks for your advise, i would like to let everyone know that opteck is scam.

    i pay 1000 and then they call and ask for puting more, to 10,0000 and then they help me trade a bit and ask for puting more to 25,000, then they said will offer much professional. however i think they are all bulshit!

    I have reported to my credit card center on this scam, as i saw their condition, we need to give all ID, address proof and sign back agreement, then will open account to have trade. however, i havent done all, the so called ” professional trader call me and ask to put real money to trade and make loss of total more than 10000, when i want to find him i saw there is loss, he disappear.

    Totally scam on OPTECK!!

    Roma, u think the credit card company can stop the payment? as i only open 4 days ago and payment statement not yet arrive. pls reply to 1119646547@qq.com

    • Michael P Fry

      You have 32 months to claim Credit Card money provided you have a legitimate claim

  23. manahil


    My account number: 131215054558 is registered at optech.com. I invest 1000USD and slowly I am going for good trade. 1 day opteck called me that their is webinar is coming but for this you have to deposit 10,000usd. i refused it because i dont want to. I told them I want to deposit only 1000usd next week for make my account litle big so I trade on big amount. They said ok but we have very good offer for you. if you deposit now this 10k webinar we will give you when you deposit now 1k, I said OK, they ask my credit card numbers/expiry date and code (for fast intry and approval of webinar). instead of 1000usd, they make 2 more transactions 5000usd and 4000usd total 9000usd, which is 100% cheating.

    Transaction I7A1387445402
    Date: 19.12.2013
    Amount: USD4000.00

    Transaction I7A1387445402
    Date: 19.12.2013
    Amount: USD5000.00

    On January 10, 2014, I make a request to withdraw 12,000/- after exact 5 minutes, i recevied a call from opteck, (Mr.grant) telling me this is great time to trade. they told me trade now and we will tell you when and on what currency you trade and how much you invest. I said ok. they told me invest in 3 different currency for 30 min and per trade 4000usd. i did. after 30 minues all 3 trades are on lose and my account is vanished, total 12000usd is gone from my account. i told them 1 hour ago i request for withdraw and you people called me to do trade and exact 12000usd i loose just because you people dont want me to withdraw.

    Grant replied, I am transfering this call to our account manager he will goude you, how you recover your lose. Finally, their account manager (Mr.Mickel) said, I know your lose but invest more now and we will try to recover your lose, can I charge your same card for deposit? I refused and told him that you people cheated me.

    I called so many times and email them but they have only 1 answer INVEST MORE TO RECOVER .
    I dont have that much money they took 9000usd from my card with out my intention without my permission.

    I am so upset.

    • Iris

      Let’s report them and stop their license

      • Iris

        If anyone would like to report them, give me an email at sisterkohk@yahoo.com.hk

  24. S. Powlett

    Started trade on Opteck with a small investment and was constantly persuaded after some initial losses, to add more funds to increase my chances at gaining better results.. After some successful bids on my own a senior broker(Jason Swift)called me and offered some hints to make successful trade because of good signals on currencies.. As a result of him ‘helping’ me I lost in one day, all my funds.. Stay clear of them!

  25. Opteck Scammed

    After being conned into putting in 2k more into my account after having $500 already, I received a call from the broker, initially seemed legit. The next day however I informed the broker that I do not wish to continue and after having chatted with me to stay. He finally conceded.My request for withdrawal however has not been done as yet. And after having sent emails every week to support and complaints still nothing, till I tried their live chat. There I was told that the broker needs to approve the withdrawal, and apparently the broker claimed that he could not get in touch with me “how could he if he has not tried calling me”. Opteck is a scam stay away from them, when they want you to put your money in you will receive lots of calls. But when you want to withdraw, Not a single reply to your mails.

    • Brenton

      Opteck are bloody crooks. Scammed me in putting in $4500. Now I’m trying to withdraw my money. Waiting for John Harris’ to call me back. None of them sound like they are from London for starters.

  26. Lah93

    recently I tried to withdrawal my money but Opteck so much bureaucracy…They want me to send documents end then they say I need account manager or broker…Now they hold my account!I am so angry!Why it is so hard to withdrawal my money?They are so sin because they play with poor people heart!

  27. Paul Stephenson

    If you invest with this thieves you will loose your money. Don’t do it.
    I have lost $5k because marshall grant refuses to refund the money.
    Stupidly he has sent me his entire client base so I will email them all and make sure they know about this site.

    • Iris ko

      Let’s report them and stop their license. What’s your email address?

  28. Mohammed

    Thanks everyone for sharing your experience with Opteck. I registered few weeks back hoping to get a demo account to test this binary process out. But I was really disappointed that I must pay at least a 1000 USD to open the platform. However, I keep receiving calls as everyone else here to deposit and activate the account, yet I wan’t quite sure about it. But now thanks to your comments I decided not to trade with Opteck.

  29. Marchell Ellis

    OPTECK HAS BEEN NOTHING BUT ONE BIG SCAM AND LIE FROM THE WORD GO… I AM PERSUING THEM AND HAVE ENOUGH EVEDANCE TO PROVE THEIR SYSTEMS AND TRADING PLATFORMS ARE WRONG AND MUNIPULATED… DO NOT INVEST A CENT WITH THEM AS they keep wanting you to deposit and up your account to make up for your losses, and say keep on training we will educate you as you go…BALLS, This is complete rubbish and no one knows how to deal with the complaints in this company, Also they have no professional responses to emails or serious queries that has been logged within the firm….They keep on passing you to brokers to try and give you a motivational talk and then get angry when you don’t listen to them. I cant get my money out and have prove and reason to believe my 3000 USD investment was part of their system catch. If you do research in comparison with other Brokers, trading software and charts you will see this is not nearly correct to you investments. I have screened all my trades and logged a file of my own which I will be taking to relevant Authorities. They did not see this one coming. Thanks and be safe out there people.

    • terence

      what happened when you logged a complaint?

  30. Marchell Ellis

    THe one thing I did not like was the fact that the staff and brokers openly bad mouth each other to me over the phone to try and make the client feel better about themselves. This is FRAUD and must be taken to court and start investigating. so that we can have our losses paid back to us. I am not the only victim in opteck, If you have had any bad experiences. Please do not hesitate to get hold of me as I am aiming get my money back that’s in the account and the amounts lost through the opteck systems and trading platform.

  31. Chris Reynolds

    Built my account up to $7300.00 they would only let me withdraw $1000.00. I turned over the necessary volume about $70’000 over three months. Then one of their gun brokers lost the rest of my money.

    • Dazzling

      I can relate to that. I trusted my broker being a newbie. He had me place one trade of 60000 used long term, which thankfully came in the money at 40,000 profit. However, while waiting for that to close, he helped me lose another $50,000 shortly after I had requested a withdrawal. Not everyone can take these high aggressive trades and for a newbie, I thought it was reckless of the broker to even suggest it. I had no problem withdrawing money when I asked thankfully, and it took 8 days as I had been told. I think if you have the right broker, Opteck are actual OK. Their platform is easy to use. You just have to be able to say no when you don’t feel right about a trade. I should have said no to the big reckless trades he was having me take.

  32. Zelda Weitz

    I think generally speaking this is a good opportunity, but you have to be able to invest enough time to be successful or to get your money’s worth. I have tried to explain to my broker that travelling in Africa makes it really difficult to trade as very often the bandwidth does not allow you to access or trade on the website. I think it is important to rather listen to what your clients are saying instead of trying to up-sell me.
    A person that travels more than 60% of their time will struggle to find enough time to trade and learn. I have just received a visa for the USA and busy relocating, so I am trying to close my account which is proving to be challenging…I hope this will get resolved soon so that I do not need to take it further.
    Sometimes these guys are so determined to get you to put in more money that they forget a long term solution is important. I clearly am not the right candidate for Opteck as I wasn’t willing to fall for the sales speeches and the urgency they created. If you do not spend enough, they lose interest in you since this is after all a numbers game. Jason Swift has been kind and patient with me, I think he has good intentions to help people through this if you are dedicated. However, it felt like a _ match as he told me how busy he was every time I told him how busy I was…I as not making it up.

  33. Desmond

    Hi I am busy looking at getting into this business and have done a lot of looking on the net. What I do not understand is that the editor of this site clearly states does not believe they are a scam but based on the comments there is clearly a problem at Opteck. The question is are there any above board companies that advertise on line and hound you.

  34. Chetan


    I invested with Opteck in November and started off with 2000$. I got a call from one of their senior brokers a month later asking me to increase my deposit so that I could be given more attention. I was told that senior brokers handle bigger accounts and that would help me increase my profits. This was my first mistake. I deposited another 8K into the account and was trading decently (having made 800$ profit). The senior broker called me one day and asked me to invest (rather he connected via teamviewer and entered an amount of 3000$ in two trades). He said these were VIP signals and bound to make money. Second mistake. I clicked on invest and lost both trades. The reason I was given is there was a delay in him giving me this tip since he had bigger accounts which needed to be given priority.

    I complained and got the broker changed. The next one promised to bring me back in profits, arranged sessions (training) with chief analysts but that did not help me at all. I was asked to put another 2K to receive signals from SignalsXP. Third mistake. Those signals are mostly useless. I did some live trading sessions as well and in one of those I lost 19 trades and won 9. I was down to 8 grand and asked to withdraw my funds when my broker asked me to do one more session with an analyst. I put in 2500$ on 5 trades and lost another 1500$. Once again I asked for withdrawal.

    I was then contacted by the Chief broker who apparently thought my account was in a bad state and she was committed to helping me. She promised to call me in 2 days time which obviously never happened. I escalated and was contacted by another Chief broker a week later promising to look in to this and prepare a strategy and guide me to bring me in to profits. Never happened!

    The earlier Chief broker then called me and put me on with this Chief analyst who made me put 7 trades. Thankfully I did not listen to him and put 750$ per trade as that would have brought my account to null. Once again I lost 5 out of the 7 trades and no one had a explanation. I still trusted the Chief broker and two days later put another 5 trades out of which I lost 3 again. I had it and called it quits.

    The only good experience I had with opteck was that my funds arrived and they did arrive sooner than I anticipated. The technical and customer support is good and they do help you. I am not naming people involved in this is because the idea is not to point fingers at individuals. If anyone is interested in more information please write to me separately.

    I would never recommend Opteck to anyone who is seriously thinking of investing or is a newbie. They do not offer good training, only empty promises and will make sure u loose your money.

    • johan

      OMG, The part that they so nice to make a contact for you is cause you lose your money on trading and they were happy. This was happening also in Indonesia where my brother’s friend put his Rp 200.000.000 intrading with this kind a Binnary which is make you think easier to earn more money. Yep they can operated in brand Hotel in main city. This Binnary actually is Fake and Offline . Why offline, how can you be online to trading world if this company and brokers not listed on the stock exchange. They use A Software of Binnary that stock exchange trading trend. This Binnary is Fake.

    • Dennis

      Hello, Could you possibly elaborate on a better trading site. I’m looking to invest but from all the comments I am seeing it seems that optek would assist me to lose more money than turning a profit

  35. Matt

    Hi Chetan,
    Your experience above sounds exactly what is happening to me right now!!! can i please get in contact with you to discuss this. I to don’t want to name names just yet but i will if this is an ongoing thing.
    Looking fore to chatting.

  36. Siddarth Koul

    I got my money back.All of it. But the experience was harrowing.

  37. Joey

    Looking forward to having a chat with Opteck tomorrow. So far so good – honest traders, and friendly service. Would definitely recommend.

  38. Jamieson Grant

    Stay far away from this despicable broker. I made over 15k USD last month. It has been 2 weeks now since I closed the account and pulled all my money out of the account. They sent me a wire transfer with all the wrong information in it. Now my funds have been rejected here in Canada, as there were errors in the initial wire. I have been dealing with Ross Petrov who continues to tell me that the funds still have not shown up in their Cyprus bank account. I am very scared I will never see my hard earned 15k ever again. Anyone have any similar issues, please help!

  39. Lee

    Is this legal for South Africans to trade on Opteck.

    • Neville

      Hi Lee, I’m also from South Africa (Pretoria). I’m currently using ETX Capital but planning to change brokers because of their limited and fixed entry times. Do you know of any good, reliable broker a South African can use?

  40. John

    You will all lose your money. Stay away from Opteck and all other binary options companies – unless you like gambling of course.

  41. John Neville

    started off with 2k last month, invested another 2k and then 5k.
    i built my account upto 11k; not much as that guy from the youtube promised but still, im glad that i made 2ks without moving a muscle.

    but what nerves me is that a lot of those ppl talking shit about optek.com. really. all those folks can’t be lying, right?

    so far i havent made any tries for the withdrawal, but do they really give you the cold butt when i pull the w word out?

    really, im worried.

    • sean

      Anyone have a positive experience with this trade firm from beginning to end?

  42. carlos

    already i make a deposit of 250 usd, i win more that 50.000 usd.

    i request a withdraw of 250 usd and i an waiting withdraw since week ago….

    When i to receive i will publich here….

  43. Dave

    I started with Opteck with the recommended $1000 but then the account manager they gave me did nothing but hassle me to increase my account to $2500. I got very little investing advice of any use so decided to withdraw my funds and start up with another binary options broker. Once I made the withdrawal request, they said my paperwork was not in order and the name on my credit card didn’t match my paperwork !! Once I resent the information, I had an email stating all was approved pending the account managers approval !! Eventually he gave his approval and it’s over 3 weeks and still no refund despite several emails to both the account manager and their billing department and many live chat sessions where I’m told it’s been handed to their management. Sent yet another email this morning and got the usual 24 – 48 hours for a reply.
    Their web site says 3 to 4 days for withdrawal approval then several more to go back into my account. This is now going on for 4 weeks so at present, until my money is given back to me

  44. ian

    i just signed up with Opteck and deposited the minimum amount which is 250 dollars after i made the deposit i tried to access the demo but all that came up was a paragraph explaining what is was for but there was no demo account to be found, after i tried that a few times i got fed-up and went straight for the trading platform but nope not allowed in there either so I’m kind of scared i just ditched 250 dollars for nothing and a little bit frustrated does anyone out there have any idea how to get around this issue

  45. Dianne

    I’m very upset at how Opteck chooses to conduct business, I gave trading a go a few months back. I went ahead and deposited $2500, and given the 30 day demo to see if I really wanted to move forward. Seeing the withdrawal terms being pretty straight forward. So after the 30 day trial I decided its not for me. I then sent in all the information and everything needed to withdraw…I received a couple phone calls from
    Don Kingsly/Account Manager
    Don.Kingsly@Opteck.com and his many attempts of trying to keep my money resulted with me agreeing to my $2000 back into my bank account immediately and him working hard to make my $500 “work for me. Now he has completely fallen off the grid. Ignoring my emails and nothing… nothing at all. I’m completely frustrated and need my money back asap!!!

  46. Jack M

    Registered on their website just a few minutes ago but have yet to open an account.

    Within a few minutes of registering (definitely less than 5mins), got a call from one of their broker in Europe stating that he will help me with the process. Initially, he asked which account I wanted to open, and I briefly mentioned most likely the Green Account. He next wanted me to give my credit card details over the phone to ‘help’ me open an account (I find this very odd. All banks and brokerages don’t do this unless you specifically ask them to). I refuse. I said I will open one through their website.

    Next was the sale pitch. He became very persistent in wanting me to open an account there and then and will guide me through with opening one within their website (I am not stupid or IT illiterate as to not know how to do it myself. WTF?!). I refuse stating that at present, I will open an account when I am ready and have researched more about binary options.

    Next, to persuade me further, he tried to tell me that today they have a “special” offer that even if I open the Green Account, I will get a demo account, 50% welcome bonus, intro by account manager and Webinar (basically the Silver Account). Again I refuse, stating the same reasons above and mentioned that I would like to do it at my own terms, not at present when you are being quite persistent.

    He next started to raise his voice stating that I am being very arrogant for not wanting any help. He goes on to say that I am a professional and I am here to help you make money so why are you being so arrogant. He then stated, what do I get to lose given that he is offering you all the above and literally forcing me to give a reason.

    From there I stopped being polite and said that he is being quite annoying and I asked him why does he want me to open the account so bad today?! I went on to say that him being very persistent to the point of being very annoying is the reason why I am not going to open an account at the present time.

    The conversation ended there. I then went on to Google and found this site.

    To tell you the truth, I am not quite sure whether this a scam or not but sounds like it. I am not stupid enough to fall for all those tricks. Definitely will not put my money in with Opteck and cancel my registration tomorrow

    • Andres

      Jack. Your story is copy paste of my story.

  47. Trish

    I have been trading with Opteck for over 8 months and have had an absolutely outstanding experience with them. My broker is professional, accomodating, excellent at trading, teaching and just so helpful in general. Every company has good and not so good points, but I have found nothing wrong with Opteck at all and to all those who complain about withdrawing money… I can’t imagine it is true because I had no issue, in fact they follow protocol precisely with requests for documentation but that is for the client’s protection. Regarding bonuses and having to trade a certain amount, they just want to be sure that you actually trade… so you move volume and of course, profit! That is what you sign up for right? It is all upfront and explained beforehand, so only those who don’t listen may have problems come up… for the rest of us – a fantastic company with an amazing opportunity.

  48. duan

    i opened account at opteck and put 7k in there after i planed to withdraw money then they started to call me everytime i logged in. i was so naive and believed case manager and followed their instruction about to blow all of them in 4 bids none of them come to close.
    I can not log in at opteck did something happen?

  49. Brad

    Hi I tried trading with Opteck for a couple of months and found out that it wasn’t for me. Once I realized that I tried to get my money back. I have been trying for almost 3 months now with out success to get my funds returned to me. I have no idea what to do once they decide to ignore your request. I guess I just got scammed and my money is lost to me. Its too bad really all I have read is that they will return your funds just not in my case I guess.


    I live in South Africa and I have been scamed American companies many times. Is this one real?

  51. Sara


    I too want to know, is this rel or Scam?
    If someone deal at the present, kindly update.

  52. George

    Thanks guys for the heads up… i was going to do the biggest mistake of my life if it weren’t for the comments that you have provided

  53. lawrance

    im new to binary i would like to get into trading.im a computer tech
    and very buss minded.the more bloggs i see on this site about binary brokers the more skeptical i get about investing.i would like to find a good broker site to invest in without getting screwed,.i live in victoria bc canada.any feedback on where to start please email me at

  54. mohamed

    thanks guys for the alls information about opteck. im new too n just lost us300 from my actual deposit us500.a few days past i just won us 160 and now blc of my acc us240.i recive terms n licence agreement from opteck to signup via email.
    i just have no idea what is going to be happen and what i want to say i will loose blc of my acc to be zero.
    if you give your CC number and so on they will straight charge away your value money . just more be carefull.

  55. Charles Mac intyre

    My experience with OpTeck is not good. In 60 seconds they took $7000Canadian and in another minute they lost 1/2 of that. After 5 months I still can’t withdraw my balance. More red tape more excuses and still being pestered to trade. Why to to lose what balance I have left? Their algorim makes money only for them. If you still want to trade then don’t use your credit cards. They’ll max out your cards as they did mine.

  56. Edgar Quinones

    I had a guy call me the same day I registered on the website. It was so funny, I couldn’t stop laughing. He was so mad cause I would not move forward with the investment and finally he said “ok then I’ll just cancel your registration”.

    People keep working hard. Save your money and if you want to invest keep searching until you have found the real thing.

    Before I leave I want to thank everybody that wrote about their experience here. Without knowing it maybe, you’re saving people like me from making HUGE mistakes.

  57. Patrick Vassell

    I have been contacted by Opteck and actually opened an account with them. However, because of a problem with my debit card, I haven’t funded my account.
    Which is fortunate for me based on the reviews that I have been reading.
    One thing that puzzles me though is the fact that no-one has commented on the advanced feature called ‘Bollinger Bands”. The demo showed that with the use of Bollinger bands there is an 80% chance that one would “win ” on the total number of trades. How come no-one is talking about these Bollinger bands? Are they for real? Or is that part of the scam? I would really appreciate knowing.

    • Ian

      Regarding Bollinger Bands. they are a very common market chart indication and are semi-useful. If you want to find out more, just Google them. Or go to Stockcharts.com and check them out. You can open a free basic chart situation with Stockcharts.
      I have been involed with option trading for many years, and there is one main rule I live by, which is if you deal in the stock market . . . AND CANNOT MAKE BUYING DECISIONS YOURSELF . . . chances are you will lose.

  58. Iris K

    Here is my scammed experience:
    At first, I only wanted to only start with a demo to try the whole binary option thing out. They have attempted to call me several times, even through mid night, several times so I finally put $500 in. And then, the account manager insist that I will lose all my balance with this little investment. So she rang me several times to get me to put in more money but it was unsuccessful. And then, the head account manager David Powell finally insist that he will get an analyst to work with me one-on-one and said that how lucky I was to get to talk to him as he only deals with $100,000 accounts so told me how successful they were. So I made the worst decision of putting in another $9000.
    Here are the stages of scamming:

    1. At first, they seem to be helping me a lot by inviting me to the webinars and make a little bit of money.(All those who went to the webinars are new account holders. Little do they know that they will lose all their balance when they attempt to withdraw.
    2. Analysts and account managers taught me how to trade and trade along with me. Trade some on my own and make some money.
    3. My account was up to $12000 and so I Made about $3000 and try to withdraw my profit to pay my credit card bills.
    4. Withdrawal Request is always cancelled or neglected for 2 weeks. Or I was persuaded by an analyst to not to withdraw.
    5. On the 3rd time I contacted customer service for a withdrawal, the senior analyst Bic rang me to trade with him. He worked out a plan so I will lose all my balances with 6 trades. And insist that I should trust his professionalism so I won’t regret. After this session with him, my balances is down to zero. During the session, he is very careful in doing this. He made sure I did it on the demo account and then made sure I took the losing trades so he is not liable for the loses. Now, there is no money to withdraw.
    6. I have attempted to reach Bic who taught me to trade the 6 losing trades with all of my balances and the account manager who made all the promises. And of course, they have vanished.
    7. And now, after all is lost, I got another phone call from another account manager( why not the same one) to invest more to recover my lost. Of course I refused and I’m Still getting phone calls now to top up the balances so I can trade once again to recover all my lost. Can you believe it, they still want to scam for more money! And they are legalised?!

    Note: The last six one-touch option trades are with a senior analyst. I am a newbie, I would never do those one touch trade without guidance. If he is an analyst, he can predict the losing trades.

    Option Type Asset Trade Action Status Investment Payout Closing Strike Trade Time (GMT) Expiry (GMT) Trade Action ID
    One Touch OIL 48.82 Closed $2,077.00 $0.00 49.46 23/07/2015 13:33:16 23/07/2015 14:00:00 27981120
    One Touch GOLD 1092.89 Closed $2,077.00 $0.00 1097.81 23/07/2015 13:31:07 23/07/2015 14:00:00 27981006
    One Touch GBPAUD 2.11461 Closed $2,077.00 $0.00 2.11158 23/07/2015 13:29:06 23/07/2015 14:00:00 27980751
    One Touch GBPJPY 193.397 Closed $2,077.00 $0.00 192.938 23/07/2015 13:28:22 23/07/2015 14:00:00 27980673
    One Touch USDJPY 124.548 Closed $2,077.00 $0.00 123.919 23/07/2015 13:26:26 23/07/2015 14:00:00 27980460
    One Touch EURUSD 1.09402 Closed $2,077.00 $0.00 1.09868 23/07/2015 13:25:46 23/07/2015 14:00:00 27980391
    High/Low GBPUSD 1.56252 Closed $4,400.00 $7,744.00 1.56056 22/07/2015 13:43:03 22/07/2015 20:00:00 27881448
    Quick options EURUSD 1.08988 Closed $1,600.00 $0.00 1.08978 22/07/2015 13:37:08 22/07/2015 13:38:08 27880893
    Quick options EURUSD 1.08998 Closed $600.00 $0.00 1.08990 22/07/2015 13:36:11 22/07/2015 13:37:11 27880794
    Quick options EURUSD 1.09024 Closed $200.00 $0.00 1.08997 22/07/2015 13:35:25 22/07/2015 13:36:25 27880710
    Quick options EURUSD 1.09040 Closed $100.00 $0.00 1.09010 22/07/2015 13:35:03 22/07/2015 13:36:03 27880656
    Quick options EURUSD 1.09076 Closed $100.00 $165.00 1.09058 22/07/2015 13:33:03 22/07/2015 13:34:03 27880458

    And I could say is they are one big scam with a beautiful platform. Be careful and Stay clear of them.

    Email me at sisterkohk@yahoo.com.hk if you want to know more and be a witness of their doings

  59. christine

    Now for Gods sake why optec ack like this. i trusted the despite all the bad reviews i had read. i had friends who i had even convinced to were ready to join with me, so i decided to check and see if really what i read about opteck is true so after athousand calls from them i decided before i put my friends in this let me test these brokers so i asked them the minimum amount that you have to begin with they told me 250 dollar. i opened a new account here since i never wanted to give them my main a ccounts so i i kept tossing them around till wen i got the visa card and i decided to give in the visa card number. my acc manager the one who had been calling me from optec told me a senior manager would call me on thirsday that was a day before yesterday. so i later before this call wrote to them and informed them i cant do the trade and i want that opteck account to be suspended and my money sent back to me, gues what ,,, no one has contacted me after that not even a call or mail. on chat some lone called phibi showed up but she makes you look a fool…..

  60. sam

    I Open a account with OPTECK WITH POWER BOOSTER Affiliate
    and Strangly the market was OPEN ON SUNDAY, I Think it was Fake no matter what I do I lose my money

    They are a BUNCH OF THIEF DON’T DEPOSIT THERE THEY WILL TAKE ALL YOUR MONEY !!!!!! I try to fill a complain but nothing work, I ask them to give me some free trade so I can maybe get some of my find back they denied it


  61. Rob

    Hi guys, i’m Rob. I’m a newbie, please tell me if this opteck work or not?
    Do i have to be professional to use it? Thanks

  62. Dave Telford

    Optecks recruiters are are slick and convincing.Unfortunately what they portray and promise is way short of the truth.When in deparation you attempt to withdraw your funds the game really begins.E mails are ignored and requests to resubmit documents are endless.Eventually when they run out of reasons for resubmission they inform you that the money has been paid but refuse documentary proof of this.I am still waiting for this refund.I would advise prospective traders to avoid Opteck like the plaguage.

  63. Helen

    Please save yourself a lot of grief and DO NOT USE THIS COMPANY !!! They have a very slick website but persistent hustlers on the phone. Beware of the names and titles they give, I’m not at all sure any of them are genuine.
    I deposited £250, the minimum, in order to access the demo account and webinars to learn about binary options before actually trading. I had a friendly Senior Manager who in the first phone call pressurised me to up my deposit in order to ‘help’ her produce a ‘flexible’ strategy for my trading account. She didn’t ask for £2,500 but kept using that figure as an example, and did agree when I asked her outright if she was asking me to deposit more money. She did say she’d call back to give an online tutorial which she made out was a favour (as a senior manager wouldn’t be doing that with the lowest (green) level of investment). To be fair, when she did call back she accepted I wasn’t at that time going to increase my deposit and did spend a good 45 minutes on the tutorial and it was useful. She made the point she’d given me a lot of money in my demo account, $10,000, to play with. I later on made a couple of trades with this (and lost) and decided I’d use it at the weekend, not realising trading wasn’t available at the weekend and that the demo account had a time limit on it. I decided to use it on its’ last day but it wasn’t available. In the meantime I’d worked my way through their online tutorials and others she’d emailed me, but by that time became convinced this whole thing wasn’t for me.
    I couldn’t find the online form to request a withdrawal of funds so called, and had confirmation they had my details for a refund to be made, less £30, but this would need to be agreed by my manager. When she called she kept saying she couldn’t ‘understand’ why I wanted to withdraw without any trading and not even try to win back the £30 admin fee they were going to charge on the refund. Eventually she accepted the fact I’d changed my mind but then put me through to her manager, who again wanted to ‘understand’ why I was withdrawing. After clearly stating my case a few times he put me back through to my manager who agreed the refund. That should have been the end of the matter but since then I’ve had a series of calls from men wanting to know why I’ve withdrawn……
    I soon had a missed call from them, apparently from my manager. I called back to explain I was at that moment going away on holiday. I had another missed call some hours later. Then two days later I had another call from a man wanting to ‘understand’ – I made it clear I wanted no more calls. Five hours later I had another from another man, and after a row with this one (during which I was told there was no need for me to be rude and I told him his company was completely unprofessional) Zack Varier shouted ‘you can have your money’. Sure enough this did come through a few days later, but I had another call that weekend from another man, plus another one last week from another one (this time from an unknown number). I’ve told each one of them if they want to know they should speak to my account manager, that I want no more calls, it’s none of their business etc, but last Friday just to shut them up told them I had simply changed my mind. Then today I got a call from Roy Neeson. He put the phone down on me before I could get details of his ‘surname’ – I had to call back. I’ve today spoken to Lorna Tawud who has been told I’d go online to report what I see as harassment with their persistent calls and that I’ll get their company investigated if they call me again.
    When they call, they are all Account Managers, Senior Account Managers, Head of Accounts, Head of Technical Analysis etc etc, I’m sure they make up whatever title comes into their heads. They are rude if you play them at their own game and ask why they’re calling and stop their spiel.

    While waiting for my refund I spoke to a friend’s partner who teaches fast-track courses to people going into banking and trading. He said I’d escaped with a very cheap lesson learned, and that Opteck shouldn’t even be retailing it to people like me, novices. Also as the company is regulated in Cyprus you have no rights in the UK. Yes, there is big money to be made but also huge losses. I would say from my own personal experience this game is not for people like me, novices looking for a second income. But if you do try binary options I suggest you don’t consider his company.

  64. Linette Andersen

    but can you really earn a lot of money here on opteck.com that is my question.?

  65. Stan

    Opteck analysts are very deceiving, they entice you with great results during group webinar but when you trade one on one they purposely make you lose money and call you with a new strategy so you can deposit more. They do everything they can so you don’t withdraw. Typical pump and dump shop, do not trust them for advice they have alterior motives. Do your own research and learn the indicators or they will help you lose your money and have the audacity to ask for more.

  66. Luke

    I recently finished up with Opteck. I firstly deposited 2oooUSD and became a silver account holder and was appointed an account manager. The account manager was friendly and gave me knowledge and access to charts and information found on the internet. I was contacted at least twice a week and progressed in understanding the trade platform though i was not confident or convinced that I would make profits from what I was taught. I did some live trading after some time using the indicators as instructed from my account manager and although did make profit at times, more often then less I would gain only loss and lose any confidence I had gained. So having a small capital and understanding the risk I was hesitant to keep trading and more wanting to withdraw and prevent further losses. Several times I hit this level where I would, after some profit gain, suffer a loss and feel the smart option to withdraw balance and cut losses. Upon withdrawing funds, to finalize the transfer back to the account holder, he/she needs to verbally confirm this with the account manager. This is apparently for security reasons so that the account holder is surely the one that is making the withdrawal but on every occasion where i would try to withdrawal and be contacted by my account manager I would be convinced to stay and keep trading. They are very good at this and do it every day, they do not want you to take your money out and would rather see it lost in making them more future profits. I was soon later transferred to a new account manager without question i had some new guy talking to me like he knew me and respected me and raved on about getting rich and making hudge profits. I only wanted knowledge and information to help me trade successfully, not some doof that seemed like a life insurance salesperson. I narrowed his 20 minute call to me down to a few sentences and repeated it back to him and he shut up and had nothing more to say except that It would be very wise to deposit more money for a larger capital as soon there will be a huge profit opertunity. I denied that request and explained that when i saw results I will follow requests as such. With my remaining balance at his disposal he convinced me to make two investments that would in turn be unsuccessful and blow my account. Upon this closure he was to contact me back for further instruction. I have had no further contact from Opteck since having no balance to further trade with. Like many before me and many yet to fall into this habit of trading Opteck only want your money sitting in their accounts. I watched a webinar of the CEO of Opteck, who claims to always make a profit, doing 60 second trading and within fifty minutes had reduced his balance by $30 000. If one with a capital of $40 000 was to follow that webinar there would not be much chance of coming back up using opteck platform from that point onward. One can make fast amounts of money but be mindful that is possible to lose it all just as fast. My advice, avoid getting involved with Opteck, you will be left broke and angry.

    • Arvin

      I’m submitting this as a complaint towards the bad experience I’ve encountered with Opteck! I did send this same email to their complaints service (which I doubt will even do anything)
      First of all, why am I required to deposit a minimum amount of $250 if the account manager doesn’t even want to trade with me with that amount. I was forced to have no less than $2500 in my account to have the account manager work with me. After I was told to have at least $2500 at which point I had deposited some more funds totaling $1500 in my account I was promised some one-on-one sessions. This was never honored. I was left on my own for over 2 weeks with not one notification how to proceed. After I started my process for withdrawal of my funds I was contacted by Jack from Opteck, explaining he is a company trader for Opteck and saw my request to withdraw my funds. He then said his job was to see how he can help traders like me to get a big portion of the funds back that I have lost and to let me stay interested in the business. He then told me he was going to guide me to trade 6 big trades with the remaining funds I had, just to gain what I had lost. He LOST ALL but 1 trade, leaving me with almost nothing in my account to withdraw.
      I now feel very agitated since new traders are promised to be helped on the way to be successful in trading, and NOT that we are required to start with $5000 and $10000 accounts.
      Every time I chat through their customer service chat link I’m being told that my account manager will be notified and I will be contacted. It never happened…..
      It feels like I was purposely misguided in trading my last funds just so I can’t withdraw anything.

      • Cilla

        I do facing the same problem with you.
        I have tried several times to apply for withdrawal and do all rejected by their ridiculous reasons. The last withdraw request submitted yesterday, their account manager name “David Thompson” called me up and wanted to assist me on my withdraw status. In the conversations he keep argue and contention with me he not understand why I wanted to withdraw. He wanted push me to have last trade with him, I am not that STUPID. I could not believe that he will gain money with me but he will trying to make me lost the money until nothing can be withdraw. So I’m keep reply to him ” I WANTED TO WITHDRAW, THIS IS MY LAST DECISION”. He replied “No..He have the right to decide what to do on my money”. I really get awe, that is my money, I can’t withdraw without his permission?? The worst part was the guy hang off the phone…just imagine how professional their are.
        I think Iam not the only victim in Opteck. If anyone is looking for online binary trading strongly not recommended OPTECK.

  67. Joefish

    Sounds very wolf of wall street if ye ask me me

  68. Junior

    Opteck is the worst decision I have ever made! I had hopes of making a bit of money on the side of my current job. The Specialist that helped me make my first few trades caused me to loose $700, after that I tried to take my money out over 30 times and they kept calling me saying that I have regain my money back before withdrawing my funds. They Would Not let me take my funds out, I spent months trying to! Finally I gave in to talking to some Specialist Named Dan Miller who caused me to trade my entire finds and Lost Everything! $6000 dollars gone down the drain! The employees who talked to me were name Chloe Peterson, David Thompson, Some lady named Sarah, and some guy named Bill. DO NOT JOIN OPTECK, they are pros at getting you to invest so they can make commissions off your Profit and Loss! I really wish I had NEVER gotten involved with this company! I’m So Ashamed that I even let this happen to me!

  69. Kerlyn

    I told the acc manager LIAM BITTAN that I need to withdraw my money although I have loss a few hundreds but I don’t mind but he con me into continue trading and told me he can help me gained back my initial deposit (U$4900) but I loss all in the end. I even recorded the calls to proof that I’m not lying. Had filed a complaint to Cyprus security. Why are they even regulated and still exists.

  70. Nonhlanhla

    I have emailed Opteck to withdraw my money & close my account with them. I have received no response instead I noticed that they took some money off my account. I have been dealing with Kristy Clark. I have emailed both her and their support department. I did tell Kristy that I was not happy with they way they operate, so she was aware I was planning to close the account. I had never received the bonus that I was promised when I initially opened my account with them. They make empty promises.

  71. BJW

    Opteck is a gambling site, not a trading site. They profile you to determine how much money they can squeeze out of you. They will go after your savings and push to have you take loans in order to provide your account with “flexibility”. They will offer “risk free trades”, guaranteed investments and demonstrate amazing results (only with their help on limited occasions) These are designed to dupe you in to “investing” as much as possible. From the first contact, there’s always very high pressure to increase your investment. It is gambling, and the house always wins. Losses are huge and winnings relatively small. They are only interested in you if they think you’ll invest more. Their webinars and one on one sessions are designed to empty your account. They make money when you lose money. Once they’ve got as much a they can get out of you, they don’t respond to emails and miss appointments; they lie about the promises made to secure further investments. This company has no integrity. Do not trust anything the account manager or anyone else says or does. Their Chief Analysts are frauds who are incapable of making money using their own system. The positive reviews you see are likely paid Opteck promoters, even their “experts” are incapable of making money using their system. They are however, very good at making excuses and creating deceptions.

  72. RGM

    I am writing this message to warn people about Opteck.Yes some people will swear that Opteck does everything it says,BUT the word swear can also be used in another way.Yes I mean I was sworn at while I was with my trading manager.Being new to binary options and to Opteck I thought it was a little disrespectful,BUT it got worse.I do not want to mention what he said but it was really degrading,and then he goes and loses my first ever trade.Yes I lost my money because I was silly,inexperienced,felt left alone so I decided to unsubscribe from Opteck.I was given a demo account and all the tools,videos,etc to use but one can only go so far.Yes my trading manager tried to help explain how it worked but it can be quite complicated.Its not that I’m complaining about their platform and learning tools they give you,its how I was treated,disrespected and degraded by some one who doesn’t even no me.What a bad experience

  73. Pierre

    This broker is simple a circus, a clown show!
    I first invested $10,000 with them, they made me all kinds of nice promises, i just could’t lose my money!!!
    After just 2 weeks, I had lost 20% of my investment. I asked help to my account manager, she wanted me to invest another $5000, which i refused, she never called me again. The analyst they assigned to me was a coke addict, and in a single session with him I lost $5000.
    I complained since the very beginning, they never delivered the promised services, my account manager called me 3 times only and the last time was to ask me another $5000.
    After a few weeks I asked her to call me, she never did, I heard that she was on a sick leave…
    The analyst who made me lose $5000 on one asset never called me again, i was supposed to have 3 session/week with him, we only had 3 sessions, and in the last one he made me lose $5000.
    After many complaints without answers, some one from their recovery department called me, i gave him a bunch of sh!t,
    But he seemed to be a good guy and really seemed to want to help, so he made me invest another $500, with a promise that I would have risk free trades, bla bla bla…
    He made me lose that $500 + what was left of my first investment within 2 days, and right after the last trade, when all my money was gone, he hung up on me…
    Now i’m dealing with another person at the recovery department who tells me I’ll need to invest another $5000.
    They will not reimbourse any money, that’s all they can do….
    This broker is a definite joke!!!
    CROOKS, LIERS, BULLSHITERs, that’s my experience with OPTECK!

    • Pierre

      Update on my OPTECK experience!

      Right after reading the horrifying stories on this site and others about Opteck, I wrote the above story and sent Opteck the following message:
      “Hi guys! I just read a lot of interesting reviews on Internet about OPTECK!
      I now know who I’m dealing with!

      Please take note that if you don’t take any actions and reimbourse my complete investment of $10,500 US in the next 5 days,
      an action will be taken by Master Card and you will be notified as a FRAUD company,
      and Master Card will reimbourse me and take actions against your company.
      I will also take actions and will complain to CySEC in Cyprus about your fraudulent services.

      Please call back ASAP and make sure you don’t even try to bullshit me again”

      No later than this morning, I went back to their platform, and at my total surprise, my account balance was at $10,022!!!
      I tried to withdraw it but they needed more info for my credit card.
      I asked them to call me, they did within 5 minutes, talked to a lady at billing department, she was very polite but the conversation was very straight to the point, I told her I was still missing money in my account as my full investment was of $10,500. they corrected it immediately, so my new account balance is at $10,500! OUF!!!!
      now the last thing is to withdraw and get it back on my credit card.
      Waiting for them to confirm my documents verification, then I should be able to withdraw my full 10500.

      I’ll come to update!

    • Azar Choudhury

      Complain to CySec, and your credit card company

  74. Holi Moli

    is this broker CySEC regulated

  75. Sher

    I got a registration confirmation email and phone call from Opteck. I keep the records and I don’t have Alzheimer, I never registered with Opteck by myself.
    I asked the lady how Opteck has my information and how I registered with you. She told me through talking with one of our representatives. Then, I asked how that representative had access to my name and phone number. Finally, she hanged up.
    She was lying. I registered with a different company, RBoptions. Once I found lots of red flags around RB options I asked them to do not call me back. RBoptions without my permission sold my information to Opteck and Opteck illegally used it.
    Probably the same red flags around RBoptions are applicable to Opteck.
    Though, be careful.

  76. Corrine T

    Not sure how to analyze what happened when responding to there ad. I was reading things just sent my e mail thinking I would get more info, When before I had a chance to read the next page they were calling me. For me it was 1 am and exhausted. They had confirmed they would train give a demo account and nothing would come out of my account until I had time to understand. Les than 12 hours they took the money billing office called me before I had a chance to even talk to the Broker assigned to guide me. So now I am skeptical of this! When my assigned broker called it will be 2 days before I even get the guidance they offer. Is it worth the wait or cancel before I loose money that should have not been transferred yet?????

  77. KAY

    One of their sales agents tricked me into trading saying it is free and that I could be able to have back my money after trading since I had applied for withdrawal. I have a phone recording with them that proves they are liars. The record before the trading and after. I will do a youtube video and a facebook video for everyone to know who they really are. People need to be warned about this.

  78. kurt

    i am green with trading exp..OPTEC provided me with personal manager help..small demo trades..i decided to get a return of funds,,8 emails later..ok or verified,,then at 2.30 am woken..full on my acc. manager..isaid want to leave..he pushed said try this we win then decide if leave..i dont even know my way rnd..site..he offered to take controll..i said no..lost all my ivestment in one go..what sort of help or advise is this..then wanted to take more out..totally devistated..lost more than 1500 aust dollars in one go..they based in cyprus..when say 250 min invest is 345 us dollars..KEEP WELL AWAY..UNPROFESSIONAL…STICK TO AUSTRALIAN..BAD EXP..NEVER AGAIN

  79. Anthony Southivonesa

    Regarding professionalism and support, the brokers are borderline negligent, if not crooks. Now, though I am a little bias, let me clarify why: I deposited $5 000 with Opteck, with the notion I would have a weekly schedule meetings and support, but whenever my “broker” would encourage me to place a bet and it didnt go through, I would NOT hear from then for weeks. If this sounds familiar, hold on, along with every deposit there are one-risk free trade or equivalent promotions to start, but regardless the results were the same. I found that for every bad trade gone wrong, I would either not hear from my broker, and if they did it was to ask for more money to recieved a promotion or risk-free trade. Once more deposits werent possible, watch them “trade” (gamble) away your funds, through extortionist hedging (doubling up), which can eat up the gain from the risk-free or whatever promotion. If I were to sum up my experiences in phases it would probably look like this: the Initial deposit, utilizing the promotion, if it goes well great. Next, (once a trade goes bad or long slump) if my broker put in a bad trade sometimes it ended up eating away at the profit margin gain by the promotions. Sometimes, afterwards, if was a significant marginal loss, I wouldnt hear from my weeks, if it was small days…Now I know there is riskiness to this kind of activities, but from the start, my experience essentially felt cheaped out, as my funds were chipped away, as –what I felt like– it seem the only possible way to make profit nonetheless break your initial principle was to deposit more money for the promotions, and continue that cycle and trudge hopefully not to slip up, if so the only way to progress was to deposit more money for a chance to get back where you were.

  80. Tyson

    Hi everyone, I have been tricked by opteck managers and was promised big winnings, I have lost a lot of money,I was even given a risk free trade by Clive one of the managers there and when it lost I was never refunded the whole amount someone else called me and told me that Clive madeva mistake, I didn’t have any risk free trades,so I paid for their mistake. I was given another manager to trade with he use to call me to have sessions until I requested a withdrawal he never called since then his name is Vincent Hunt,I have sent so many massages, but he has never returned any of them and the billing department told me they need his approval to process the payment. The live chat is also of no help, the only thing they keep on telling me is that a request have been sent to him he will call me soon,it’s been days now and my withdrawal is still pending. Can anyone help me which way to follow to get my hands on my money. Is the a commission which I can raise this issue to be assisted. Please give me the information whoever has it.

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