The truth about binary options risk free trades

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What’s Forex? Full Truth About Forex!

Have you ever wondered what Forex is and why there’s so much talk about it? Today we will answer these questions and tell you the full truth about Forex. First, it is necessary to define the concept of this market.

Does the Forex broker bring money to the market? No.

However, today the Internet is replete with information claiming that Forex trading is a scam and that dealing centers are kitchens. There are enough such reviews that traders are deceived by the scam broker showing them the price chart (as for example, described in the blog voronkov-kirill.livejournal.com); as a result, speculators do not work directly with the market, and? do not even go beyond the broker terminal. To see this, traders themselves compare market quotes in Forex brokers’ terminals, but this information does not help them to achieve the truth.

This is because the trader’s money, delivered to the broker, in fact, remains with the broker. You should be aware of this. None of the brokers, whether established or just beginning, brings your money to the financial market. Trading with a broker, you play against him and your earnings – a loss to the company. That is, all Forex brokers’ kitchens work in same way.

There are constantly new negative reviews on the Internet about brokers who take the traders’ money and disappear. Some people believe that, in addition to Forex brokers, there are also dealing centers (DC) in the market that play against the trader by tricking him. And the negative reviews from traders relate to them relate to these dealing centers. Dealing centers (or even DC) are companies that provide their clients with access to Forex, acting as intermediaries in the performance of their trading operations (for example, EasyMarkets (continue to site), FxPro (continue to site), AMarkets (continue to site), InstaForex (continue to site), EXNESS (continue to site), etc.).

If you consider all the brokers to be part of DCs or kitchens, should you trade on Forex at all? Let’s try to answer this question, using the data we have obtainied from the Internet.

Are all Forex brokers fraudsters? No.

Honest brokers exist. Otherwise, there would be no concept of «Forex»; this market would be simply forbidden. It is worth remembering that serious Forex brokers obey the laws of regulators, who oblige them to follow the rules for paying income to traders, and this money falls into the wallets of traders from the pockets of the broker. Therefore, constant huge earnings will not be guaranteed to the trader; a constant high income is costly for the company.

However, it is important for leading brokers to have a strong trust relationship with usera, so that brokers have an opportunity to gain income for Traders. The network has real positive feedback about the work of reliable brokers; we’ll confirm this later in the article.

Forex does not tolerate unprofessionalism. Carefully study information about the broker if you want to achieve success in trading.

Is the broker responsible, or does the broker keep promises?

The broker’s regulation is a controversial issue; many brokers have regulation, but does it help the trader in reality? Not always, and online reviews prove it. A decent Forex broker, of course, has a set of rules and he conducts activities so that the client continues to gain.

You should understand that when you sign a contract with a broker, the text of the document may indicate that the company does not take responsibility for terminal failures, trades, losses and risks. In other words, almost nothing. At the same time, according to the contracts, you can adjudicate all disputes in the World Court.

Here you do not receive money, your broker is stubbornly silent in response to your indignant letters or begins to be rude, you write letters to all regulators – to the Western regulators (Cysec, the official website; Fsa, official website; BaFin, official website, etc.) – but in most cases nothing changes because you signed the contract and reviewed its contents without outside pressure. Such cases in courts are among the simplest: the contract has your signature, and you put it there voluntarily.

Learn about why you need a reliable Forex broker. Forex brings income but also has a large number of risks. Remember, though, that risks are inevitable.

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Can i choose a reliable Forex broker? Yes.

But it’s necessary to do serious work in preparation to study the ratings, reputation, reviews, experience. And that’s where many naive budding speculators fall into the trap of scammers. While searching for the dealer, the trader selects the most profitable option; he is bribed by conditions, bonuses, minimum deposits.

You should understand that the leaders of the industry do not need such marketspeak, but a lot of small companies use it. You can be a knowledgeable trader, pay attention to the search for a proven trading terminal, find a reliable broker and then, according to the results of trade, you can be surprised when faced with the situation of «no money, no service, and no professionalism». Did Forex really exist?!

Forex does not tolerate naivety. Carefully study the offers of brokers, filter out doubtful ones, and trust your money to reliable brands.

And yet, how to find an honest Forex broker?

Yes, it is difficult to find a really serious broker that does not deceive and allows you to earn. It is possible to study the mass of thematic sites where ratings with positions are specified, and they will be different at each resource. Of course, high positions are usually occupied by the companies on everyone’s lips. Choosing a broker, you should know that no one will give you everything at once. Only small dealers or little-known brokers promise to provide everything at once and attract more people through advertising in order to take all their money.

They are engaged in deliberate denigration of the reputation of competitors by generating scandals. Therefore, starting to study reviews about the leaderboard rankings, you can see a lot of materials from obvious competitors. Often small brokers’ companies work with freelancers for their PR, to deliberately publish negative reviews.

Such companies are also not above making cold calls, purchasing a database with phone numbers, and offering trading on Forex by describing its limitless benefits. How will a large self-sufficient broker behave? He values his reputation, stability, reliability, and regular customers; he thinks of a calm, sustained marketing policy, special offers, and promises only what he is really ready to provide. In this case, let’s say that «the smaller the broker, the greater the possibility of fraud and a scam». Though there are also those companies that earn reputation gradually, honestly and without «black receptions».

Forex does not tolerate the lack of ability to think and analyze. And if you find it difficult to understand doubtful offers, reviews and the reputation of brokers, how will you analyze the market?

Who needs widespread Forex advertising?

Today, we are attacked from all sides by aggressive advertising about the possibilities of trading on Forex – it’s easy online earnings which will immediately and forever change our lives. One has only to start trading. Brokers run big campaigns and give monetary gifts to already registered traders. And really, why not take advantage of the broker’s offer? Every day someone who falls for advertising is registered with another fraudster, without looking at the reviews, the license, the content of the contract, because «campaign time presses» and, after transferring money to the broker, the most interesting part begins: under the mask of a Forex broker is another speculator.

Forex does not tolerate false expectations. Learn to distinguish scam brokers and work only with trusted companies.

Minimum investment in Forex trading: is it right?

After passing a demo trading and choosing a Forex broker, speculators usually move to the real market. Most often, you can start trading with the minimum sum (1US dollar, 10US dollars, etc.) that you have to transfer to your account to start making real money. It is not such a high amount; students, pensioners, and housewives often have such money and can easily transfer it to the account – as well as easily lose it.

The trouble here is that after losing money, the trader will not particularly worry about it and invest again this minimum sum, again lose, and will try to trade on some future occasion.

Forex does not tolerate disrespect for money. Want to start earning on the market? You should act, self-improve, test, and not just siphon off your pittance.

Is it easy to trade on Forex? No.

Aggressive advertising often tells the trader that it is easy to obtain high earnings through Forex trading. It’s difficult not to believe in this advertising. The problem here is that the market is unstable, difficult to predict and what will happen in an hour is very difficult to project; similarly, gaining through investment of your own money is difficult and risky. If you are seriously prepared and have impressive theoretical and practical knowledge and skills, you will be able to work in the market.

And what happens if a trader has no experience in the analysis of the market situation? Yes, there are indicators, strategies, trading signals. But there are reviews that says that signals in the broker’s terminal do not coincide with market quotations; it would seem that you put a position, and it either jumps or stop losses do not work and, as a result, the positions are closed by themselves and you lose your income.

Forex trading does not tolerate laziness. Forex is quite hard work. That is why there is a small number of really successful traders who give all their free time to Forex.

Is Forex simple and easy to understande? No.

Everyone loves a freebie and easy money. If the opportunity for easy money occurs, everyone just rushes to it and loses out in the end. The availability of the Internet, which nowadays is in every house, helped to spur the desire to find a way of to achieve easy income through freelancing.

Forex can surely be considered a type of freelancing, but not every active trader suspects that it requires serious training, knowledge and skills.

Forex does not tolerate freebies. Forex trading is the same as any other job. And if you are interested in this area, you have every chance to achieve high results from trading if you properly learn how to trade in/on the Forex market.

The full truth about Forex: what is it?

The full truth about Forex, in fact, is that it’s possible to obtain reasonably good income here. But it’s necessary to do a lot: learn, read books, analyze, think when reading reviews, test a demo account, start trading using stop loss, take profit and money management rules.

Binary Options Review – Can You Make Money With Binary Options?

Binary options have become increasingly popular over the years. Now they are being banned in countless countries. In this binary options review, you will learn the complete truth about binary options. You will learn how they work and why they are getting banned. And don’t worry, I am not a binary option promoter, so this binary options review will be the real objective truth and not some scammy promotional post.

What are Binary Options

Before we get into the interesting stuff, I just want to explain what binary options even are. Binary options aren’t anything new. I actually own a derivative book published in 1989 and already in this book, there is a short paragraph about binary options.

Binary options are a derivative just like futures, vanilla options… This means their price is based on an underlying asset which can be almost anything (e.g. a stock). Just as the name implies, binary options are options. In fact, they are exotic options meaning that they work somewhat different than normal vanilla options.

Binary Options Trading Explained

Binary options are ‘make it or break it’ bets. This means either you win a certain amount of money or you lose a certain amount of money. There is no in between. They are fixed-return options.

Usually, you can’t select a strike price for binary options. So the strike price normally is always the underlying asset’s trading price. The time frame that a binary option is active can vary a lot. But most binary options brokers only offer very short-term binary options with expiration times of a few minutes or similar.

If you are wrong on a binary option position, you lose your entire investment. If you are right, you will achieve a profit. The size of this profit depends on the payout ratio of your broker. A common payout ratio is around 70% which means that you will receive 70% profit on your initial investment if you are right.

Just like with vanilla options, two different types of binary options exist: Call and Put options.

As you can see on the following payoff graphs, a Call option profits if the underlying asset’s price increases, whereas a Put option profits from a decrease in the underlying’s price.

Call Binary Option Payoff Put Binary Option Payoff

Here is an example of a binary option trade:

The underlying asset is XYZ which is trading at $100. You decide to buy a Call binary option meaning that you think that XYZ’s price will go up. You pay $10 for the Call option. The option expires in five minutes and its payout ratio is 70%.

Now there are two possible scenarios:

  1. XYZ’s price increases and the option expires: If this happens, you were right and will make a profit of $7.
  2. XYZ’s price decreases and the option expires: If this happens, you were wrong and thus lose your entire investment of $10.

To recap, to trade a binary option, you will need to choose:

  • An underlying asset
  • A time frame
  • An option type (Call or Put)
  • An investment amount

What Most People don’t tell you about Binary Options…

Now let us get into the interesting part of this binary options review. I will now tell you something that most other websites won’t tell you:

Binary option aren’t legitimate investment products! That’s right! Binary options aren’t legitimate products!

Why? Because they aren’t fair. Just like a game of roulette in a casino isn’t fair, binary options aren’t either.

Let me explain to you why binary options are set up just like gambling products.

The payout ratio of a binary option is always less than your risk. This means you can’t win as much as you can lose. This makes them unfair products.

To understand this better, I want to present you an example of a coin flip game. You probably are aware of the fact that a coin has about a 50% probability of landing on tails and a 50% probability of landing on heads.

So the odds of picking the right side are about 50%.

Now I want to ask you a question: would you play a coin flip game in which you could lose $1 if you pick the wrong side and win $0.5 if you choose the right side?

I hope you wouldn’t because this game is unfair for you. On 10 rounds of this game, the expected outcome would be 5 wins and 5 losses. But if you would lose $1 five times and only win half a Dollar five times, you would be at an overall loss.

Over the long run, you will lose money playing this game.

Binary options work the same way as the just described game. Your wins will always be smaller than your losses. So to make any money with binary options, you would have to have an extraordinary high win rate.

Predicting very short-term price movements is very hard and therefore, it is practically impossible to make any money with binary options.

A binary option with a payout ratio of 70% would mean that you would have to have a win rate of almost 60% just to break even! And that’s without even taking commission costs into account! Even with a win rate of 60%, you wouldn’t make any money.

In addition to this expected negative return, your odds of making any money are even lower due to how binary option brokers execute your binary option positions. Often, brokers will get you into a Call option position above the current underlying asset’s price and into Put option positions below the current underlying’s price. This means that it isn’t even enough to predict the correct direction. The underlying asset has to go all the way above (for Call options) or below (for Put options) the ‘by your broker’ chosen price. This means the odds are even worse than 50/50.

And believe me, using some fancy indicators won’t be enough to make you win and the broker lose.

But doesn’t the broker want you to win?

NO! Binary options are Over-The-Counter (OTC) products which means that the broker is your counterparty. In other words, they take the other side of your trade. That is a huge conflict of interest. The broker is practically trading against you. Therefore, most binary option brokers will go as far as possible to make you lose (and to make them win).

And that is still not everything!

By far the most binary option brokers are based (and regulated) in countries like Cyprus, Cayman Island, Bahamas etc. Regulations from these countries are very sketchy and untrustworthy.

This means there is no guarantee that you will get your money back after depositing it to such a broker!

That is also the reason why there have been countless incidents of people not getting their money. So even if you are extremely lucky and win some money with binary options, you probably won’t be able to withdraw these winnings.

But why have binary options become so popular if they are a blatant scam?

Great question! Binary option brokers have done everything possible to promote their scammy binary options. When I say everything, I mean everything!

Binary option brokers have literally created thousands of fake accounts on countless sites to tell everyone how great binary options are. Just go to any forum (e.g Quora) on the internet and look at threads about binary options. Many questions and most of the answers are from binary option promoters themselves. Due to this, loads of unknowing people have become lured into the trap of binary options.

Furthermore, almost all binary option brokers offer very lucrative affiliate programs. So tons of (greedy) trading sites have been promoting binary options because the binary option brokers have been paying them to do so.

Conclusion – Can you Make Money Trading Binary Options

Once again, binary options are a complete scam and they aren’t legitimate investment products. So if you want to get into trading, binary options aren’t the way to go! In other words, you can’t make money with binary options (unless you are a binary options broker).

I am not even exaggerating when I say that your money would be better off in a casino than with a binary option broker!

If someone is promoting binary options, they are either in bed with the binary option brokers or they have no clue what they are talking about.

Here is a short recap of why binary options aren’t legit:

  • You have an expected negative return
  • Bad executions
  • Conflict of interest
  • The broker is trading against you
  • Sketchy regulations
  • Countless incidents of non-withdrawable money
  • Shady promotional tactics

These facts are also the reason why binary options are getting banned in countless countries. Even the EU has finally recognized that binary options aren’t real investment vehicles. That is why the new ESMA regulations are banning binary options.

One example of a binary option broker is IQOption. They aren’t as scammy as some other binary option brokers, but they still aren’t trustworthy! Make sure to check out my IQOption review/exposé .

Trading is hard enough on its own. You really shouldn’t make it even harder by trading binary options. If you do, you will lose your money! No one except for the binary option broker is making money with binary options!

Besides the fact that binary options brokers are stealing unknowing traders’ money, binary options are also shedding a bad light on the entire trading industry and on normal options.

Normal vanilla options are real investment vehicles that have an actual purpose. Trading real (vanilla) options is a legitimate thing and can be very profitable. Sadly, a lot of newer traders fail to distinguish between real (vanilla) and binary options even though there is a huge difference (namely that binary options are a scam and vanilla options aren’t).

If you want to do yourself a favor and learn more about real vanilla options, make sure to check out my free options trading education .

Hopefully, you enjoyed this binary options review and learned why you should NEVER EVER trade binary options!

Have you ever been scammed by a binary options broker or have you had a similar experience?

Let me know in the comment section below! If you have any questions, please let me know as well.

Also, make sure to share this binary options review so that more people can learn about the dangers of binary options.

19 Replies to “Binary Options Review – Can You Make Money With Binary Options?”

Hi
Its being long time since i thought to go into binary options before. However i never did so as i was not sure what is real and what is just a good scam. Thenks to some of the points you pointed at i feel more confidence about getting started.

You know the funny thing is, when I first started investing in the stock market, someone told me about binary options and I looked into it.

I did a little research and even created an account, but I never put any money in it.

Like you stated, it seems like lately everyone and their mother is “investing” in binary options’ but it’t the affiliate commissions they’re interested in.

Investing in binary options isn’t easy because it leans more towards gambling.

It;s a shame that no one is actually taking the time to teach people about binary options the right way.

Thanks for posting,
Diana

Exactly! You got it.

I have had a go at binary options and it is like you said not far off gambling. Everybody gets different results so you win and some you lose. If you want to go down the route of binary options you are a little safer with a longer term option, any thing from a day to 2 hours, be warned tho the pay out can sometimes be a lot less.

Hello and thank you for this binary options review.

When I was looking into affiliate marketing, I signed up with a guy who was doing binary trading. The way his site was advertised made it seem like he was offering something else, which is why I signed up. When I found out what binary options really are (thank you Google!), I immediately unsubscribed. However, I continued to get emails from this guy.

This is a very good explanation of why binary options are not for the faint of heart, and I am glad that I did not go further with it.

Hey Irma,
Thanks for sharing. I am very glad that you found my article informative.

Hi Louis,
Great post describing how binary options operate.
I am totally agree with your point here, binary options ” make it or break it, massive profits or loosing everything”.
I do the binary trading since 2009, I must admit I lose money more by paying the brokers than do trading.
Making a killing trade is harder than eating by a shark!
I want to try out you recommended iq option here, but I would like to know if they offer any options training?
I’ll bookmark your site and come back for more info.
Thanks.

Hey Maun,
Thanks for sharing your thoughts on Binary Options. I see you are interested in IQ Option. You can check out my full review of IQ Option here.

Hi Louis
Interesting articles in here. I never understood how binary options worked and you have been able to clarify this for me. Im glad I read your article. I see a lot of advertising about bitcom which I presume is the same thing. Am I right with my presumptions?
Ive always steered away from trading as I was once bitten by currency trading – buying Yen at a low and supposedly selling at a high. I need to look more into what you are offering.
Thank you for the knowledge you offer.
Paula

Thanks for the comment Paula. I am very glad to hear that this article helped you. Bitcoin and cryptocurrencies in general have similar issues. Even though they aren’t as useless and scammy products as binary options, many brokers that offer them are very sketchy.

I deeply sympathize with many consequent losses! I was one of the victims of those guys on ICP Trading Group, after waiting endlessly on my profits as promised for many months, I decided to source for other means of unblocking/refunding my shares as soon as I can.
I feel that these people are not human beings, they have no hearts, they are evil and it is absolutely best not to have anything to do with them.

This is a great article, since I’ve actually done Binary Options myself, and turned into a nightmare. Not that I invested so much in it, but everything what you state in this article is true. And it is good that you warn people about it, and in the world of today, making an investment is a big risk anyway. Keep up the good work!

I am sorry to hear that you are a victim of the shady binary options brokers. It is great to see that binary options are finally getting banned in more and more countries so that fewer people will be suffer the same fate as you.

I lost everything thing I had to Gtoptions,after months of searching had to hire a refund professional company to recover my funds. I’m glad I got a refund others weren’t so lucky. Happy to share my experience.

Thanks a lot for sharing! I hope your story helps people avoid binary options (brokers) in the future.

This is a great article. I was also a victim and lost almost all I had worked for. I do not wish the binary option scam on my worst enemy. I went broke for over a year and finding solutions to my situation was the only thing on my mind. I’m glad I did.

Thank you so much for sharing your story about binary options. Hopefully, this will help someone else avoid them. I am very glad to hear that you recovered.

Hi Louis, I’ve just started your options master course and saw this thread going and wanted an opinion on Nadex ( North American Derivatives Exchange). I’ve been trying to learn to trade binary, spread, and more recently a little bit of touch brackets with Nadex. I believe this exchange to be legitimate since they are regulated in the US and are not OTC. However their options contracts/strikes are arranged so that you almost have to day trade..the longest durations being a max of one week. I’ve had some good wins and even more losses:) I believe most of my woes come from trying to trade short term trends, and have concluded that 1) I need more duration time and 2) trading directionally in the short term is not good probability. Would you agree with my assessment? This is why I’m now getting educated in your type of options. Thanks, John

Hi John,
First of all, sorry for the late reply. Secondly, I personally have no experience with Nadex options. Therefore, I can’t really tell you much about them. Nevertheless, I agree with your thoughts on duration. In my opinion, it is extremely hard to predict very short term price moves because as soon as you look at intra-day (option) price moves there is a lot of almost unpredictable noise.
I really hope my education will help.

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A Guide to Trading Binary Options in the U.S.

Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That’s why they’re called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition: Will an underlying asset be above a certain price at a certain time?

Traders place trades based on whether they believe the answer is yes or no, making it one of the simplest financial assets to trade. This simplicity has resulted in broad appeal among traders and newcomers to the financial markets. As simple as it may seem, traders should fully understand how binary options work, what markets and time frames they can trade with binary options, advantages, and disadvantages of these products, and which companies are legally authorized to provide binary options to U.S. residents.

Binary options traded outside the U.S. are typically structured differently than binaries available on U.S. exchanges. When considering speculating or hedging, binary options are an alternative—but only if the trader fully understands the two potential outcomes of these exotic options.

Now that you know some of the basics, read on to find out more about binary options, how they operate, and how you can trade them in the United States.

U.S. Binary Options Explained

Binary options provide a way to trade markets with capped risk and capped profit potential, based on a yes or no proposition.

Let’s take the following question as an example: Will the price of gold be above $1,250 at 1:30 p.m. today?

If you believe it will be, you buy the binary option. If you think gold will be below $1,250 at 1:30 p.m., then you sell this binary option. The price of a binary option is always between $0 and $100, and just like other financial markets, there is a bid and ask price.

The above binary may be trading at $42.50 (bid) and $44.50 (offer) at 1 p.m. If you buy the binary option right then, you will pay $44.50. If you decide to sell right then, you’ll sell at $42.50.

Let’s assume you decide to buy at $44.50. If at 1:30 p.m. the price of gold is above $1,250, your option expires and it becomes worth $100. You make a profit of $100—$44.50 = $55.50 (minus fees). This is called being in the money. But if the price of gold is below $1,250 at 1:30 p.m., the option expires at $0. Therefore you lose the $44.50 invested. This called out of the money.

The bid and offer fluctuate until the option expires. You can close your position at any time before expiry to lock in a profit or a reduce a loss, compared to letting it expire out of the money.

A Zero-Sum Game

Eventually, every option settles at $100 or $0—$100 if the binary option proposition is true and $0 if it turns out to be false. Thus, each binary option has a total value potential of $100, and it is a zero-sum game—what you make, someone else loses, and what you lose, someone else makes.

Each trader must put up the capital for their side of the trade. In the examples above, you purchased an option at $44.50, and someone sold you that option. Your maximum risk is $44.50 if the option settles at $0, and so the trade costs you $44.50. The person who sold to you has a maximum risk of $55.50 if the option settles at $100—$100 – $44.50 = $55.50.

A trader may purchase multiple contracts if desired. Here’s another example:

  • NASDAQ US Tech 100 index > $3,784 (11 a.m.).

The current bid and offer are $74.00 and $80.00, respectively. If you think the index will be above $3,784 at 11 a.m., you buy the binary option at $80, or place a bid at a lower price and hope someone sells to you at that price. If you think the index will be below $3,784 at that time, you sell at $74.00, or place an offer above that price and hope someone buys it from you.

You decide to sell at $74.00, believing the index is going to fall below $3,784 (called the strike price) by 11 a.m. And if you really like the trade, you can sell (or buy) multiple contracts.

Figure 1 shows a trade to sell five contracts (size) at $74.00. The Nadex platform automatically calculates your maximum loss and gain when you create an order, called a ticket.

Nadex Trade Ticket with Max Profit and Max Loss (Figure 1)

Opteck Review

Opteck was founded in 2020 and it has had great success in the binary options market since then. They have managed to create an image of a trustworthy and reliable or even try to be the best binary option broker, that serves both beginner and professional traders. Opteck, unlike other brokers, has its own platform which is practical and designed solely for this purpose. Opteck has customers from over 80 countries around the world, they are regulated by CySEC and therefore we can say with a high degree of confidence that they are almost certainly not scamming customers. We will still go through their site and platform with our deep analysis, and see the differences they have when compared to other brokers. Opteck does not accept US traders, in case you are from the US, we recommend you check the following brokers: Binary Option Robot, Automated Binary. To make this article more useful, I recommend you first open an account on Opteck by clicking the button at the top of this page. And as you read, you can test the features at the same time.

How Binary Option Robot Can Change Your Life? Check This Out!

Is Opteck a Good or Bad Broker? Scam or Not Read The Full Expert Review Here! Important Information Must Read Before Investing!

How to Make Money with Binary Option Robot

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  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

    Upadate: 04-07-2020 Opteck is not recommended anymore! Get the automated binary options trading software for free by clicking on the button below!

    Opteck in a Nutshell:

    • Broker: Opteck
    • Platform: Market Pulse
    • Founded: 2020
    • Bonus: Up to 100%
    • Return / refund: 65-85% / 0-15%
    • Number of assets: +100
    • Minimum deposit: $250
    • Regulated by: CySEC
    • US traders: Not accepted
    • Demo account: Yes
    • Expiry times: 60 seconds, 5 minutes, 15 minutes, hourly, daily, weekly, end of the month, end of the year
    • Deposit: Multiple credit cards, Visa, Mastercard, bank wire, Skrill, Moneybookers

    Bonuses and Account types

    Opteck will give a bonus (for the initial deposit) ranging from 25% all the way up to 100%. Opteck has six account levels, which are determined according to the amount of the initial deposit. The account types are named Green, Bronze, Silver, Gold, Platinum and Black.

    Green Account: Deposit $250-$499

    • Bonus: 25%
    • Customer service, live chat, phone and email
    • Daily market analysis
    • eBook about binary options trading
    • A variety of video courses (22) about binary options trading topics

    Bronze Account: Deposit $500-$999

    • Bonus 35%
    • Customer service, live chat, phone and email
    • Daily market analysis
    • eBook about binary options trading
    • A variety of video courses (22) about binary options trading topics
    • Session with junior account manager
    • Demo account for risk free trading

    Silver Account: Deposit $1,000-$4,999

    • Bonus 45%
    • Customer service, live chat, phone and email
    • Daily market analysis
    • eBook about binary options trading
    • A variety of video courses (22) about binary options trading topics
    • Session with junior account manager
    • Demo account for risk free trading
    • 10-20 signals daily
    • Daily market analysis to email
    • Webinar related to market liquidity

    Silver account is our recommendation for a proper account type

    Gold Account: Deposit $5,000-$9,999

    • Bonus 65%
    • Customer service, live chat, phone and email
    • Daily market analysis
    • eBook about binary options trading
    • A variety of video courses (22) about binary options trading topics
    • Session with junior account manager
    • Demo account for risk free trading
    • 20-30 signals daily
    • Daily market analysis to email
    • Webinar related to market liquidity
    • Webinar about psychology of trading
    • Strategy session with senior account manager
    • 1% more profits for reach trade
    • Automatic alert messages for upcoming market events

    Platinum Account: Deposit $10,000-$24,999

    • Bonus 85%
    • Customer service, live chat, phone and email
    • Daily market analysis
    • eBook about binary options trading
    • A variety of video courses (22) about binary options trading topics
    • Session with junior account manager
    • Demo account for risk free trading
    • 30-40 signals daily
    • Daily market analysis to email
    • Webinar related to market liquidity
    • Webinar about psychology of trading
    • Webinar about diagrams and graph analytics
    • Private session with senior analyst
    • 1% more profits for reach trade
    • Automatic alert messages for upcoming market events
    • Hotline for any help

    Black Account: Deposit $10,000-$24,999

    • Bonus 100%
    • Customer service, live chat, phone and email
    • Daily market analysis
    • eBook about binary options trading
    • A variety of video courses (22) about binary options trading topics
    • Session with junior account manager
    • Demo account for risk free trading
    • 40-50 signals daily
    • Daily market analysis to email
    • Webinar related to market liquidity
    • Webinar about psychology of trading
    • Webinar about diagrams and graph analytics
    • Kick off session with leading account manager
    • 2% more profits for reach trade
    • Automatic alert messages for upcoming market events
    • Webinar about strategies in trading
    • Weekly private session with senior analyst
    • Hotline for any help

    Demo Account

    Opteck offers a demo account for account levels Bronze and higher. With a demo account, you can practice trading totally risk free. After getting to know the platform and gaining more confidence, it is only a small step to move forward to actual trading.

    Features of the Broker site

    Payouts range between 60% and 85%. The upper level, 85%, is more than the average among major broker sites. One touch options reach up to 400% payouts which is awesomely high.

    For traders to minimize their losses, Opteck offers refunds up to 15% as a cash back for out of the money trades. When trades are not winning, there is a way to get some of the traded amount back.

    Early close is another feature on Opteck, it allows traders to close the option before it expires. If it seems inevitable, that it will not be a profitable investment and you are about to lose that trade, then you might want to close it early and get some of the traded money back. This is one way of minimizing losses when the market is not behaving as you expected.

    There are around fifty stocks available and the list includes well known global brands and companies from all over the world. Also, several industries are represented so that a trader will find those that he has special knowledge about.

    There are around thirty currency pairs to choose from. Most common currencies including EUR, USD, GBP, CAD, AUD, JPY, NZD, CHF, TRY and ZAR are available.

    The commodities list includes all the most common traded commodities, such as corn, wheat, coffee, gold, copper, silver and some rarely used commodities such as crude oil and natural gas.

    Opteck trading platform view

    How to Trade

    Opteck offers several option types including quick options, high/low, range and one touch. The one touch and range options offer the best payouts, over 100%. The quick options range from thirty seconds to sixty minutes. Other option types offer longer expiration times.

    The trading itself is very straightforward and is operated right in the trading room. The trader chooses the asset he wants to trade, the expiry time when the option will end and whether the price will go up or down. With the range and one touch options, there are certain limits about where the price should rise or fall. When a trader believes that it will happen in the given time frame, he should invest in it.

    For regular options the minimum trade is $25 and the maximum is $10,000 which should satisfy even “high-roller” traders.

    Educational Material and Tools

    Opteck academy offers a wide range of material for learning, there are plenty of courses to choose from.

    Opteck provides several video courses in their trading academy. There are seven courses for beginners, eight for advanced traders, four in-depth courses and three advanced in-depth courses.

    • Beginner courses are about the importance of learning, global trading, advantages of binary options robots, trading, change and risk, emotions in trading and the distribution of risk.
    • Advanced courses handle issues such as passive trading, aggressive trading, market analysis, trend, support and resistance, shooting star and Harami patterns, pattern identification, and breakaway for pattern features and characteristics. These are very useful, especially for beginners.
    • In-depth courses are about binary options, trading psychology, financial management, and market analysis.
    • Advanced in-depth courses are about winning tactics, and basic and advanced technical analysis.

    Opteck also offers an ebook in which they have comprehensively gathered all the important information.

    Supportive material is comprehensive

    Mobile Trading

    Even though Opteck uses their own platform, and not the popular SpotOption platform, they have managed to create their own mobile version of their platform and it is the same and will allow you to use all the same features as the browser version.

    The mobile version is accessible through the App Store and Google Play. You will only need the login information from when you registered beforehand. You can create an account easily through the links on this site.

    The mobile version is as easy to use as the browser version

    Is Opteck a Scam or a Proper Broker?

    Having been in the industry for six years and under the regulatory eye of CySEC, Opteck is definitely not a scam. They wouldn’t have created their own platform if they weren’t trying to be the best broker in the industry. Their payout policy is clear and the platform works well, even for the most demanding traders.

    Customer Service

    Opteck customer service has phone support for about fifteen languages including Russian, Spanish, Arabic, Greek, Malaysian, and the most common languages from Europe. They also allow direct emails to the analyst desk, the customer department, technical support, the trade department, the risk management team and so on. This is way more thorough than what most other brokers offer. You can directly contact the department that can deal with the issue. This also speeds up their services overall. When we tested, they replied to email within a couple of hours.

    Banking

    There are several deposit and withdrawal options, including multiple credit cards, Visa, MasterCard, CashU, Diners, Visa Electron and Maestro. Wire transfer and WebMoney are also available. Wire transfers have some additional fees so we recommend using credit cards or WebMoney.

    Deposits and Withdrawals at Opteck

    Once you have registered yourself with the Opteck, the depositing funds in the account is a hassle free experience. All you need to do is click on the deposit button, enter the amount you want to deposit and select your preferred mode of payments to complete the transactions. The Opteck uses SSL protocol to encrypt all the transaction ensuring the safe and secure process for the financial handling. The brokerage house accepts payments through a variety of methods including credit or debit cards, wire transfer, and digital payment methods.

    The Opteck accepts all the major Visa and MasterCard for the payment. It also accepts payments through Skrill, Neteller, and several others including Alipay, ePay, PaySafe amongst others. The brokerage house requires you to deposit a minimum of $ 250 to start trading on the website. It accepts the payments in either USD, EUR, GBP or JPY, and the trading currency cannot be changed once selected. The fund deposition in the Opteck website does not attract any fees.

    The broking company rigorously follows the Anti-Money Laundering and Know Your Customer guidelines in order to assess the legitimacy of a trader. The company requires you to fulfill these guidelines before initiating a withdrawal request from the website. The website requires a scanned copy or a photocopy of your ID card, proof of residence, and if a payment has been done through credit card or debit card then you must supply a front and back copy of the card used for making the payment.

    The organization allows you to withdraw a minimum of $ 50 or in equivalent currency. The traders who are members of the Black and Platinum accounts are granted their first withdrawal free of charge. The withdrawals are subjected to a higher of $30 or a 3.5% of the withdrawal amount. However, the maximum charge is capped to $ 3,500 per transactions.

    The withdrawals are processed to the same payment method unless the withdrawals are not possible through the same method. In a scenario where the withdrawals cannot be processed to the same mode, then they will be processed through the wire-transfer.

    The Opteck does not put any cap on the maximum withdrawal amount, however, it limits the amount to the available funds in the account. The financial dealings on the Opteck website is a convenient and secure process.

    General FAQ on Opteck

    Who is the promoter of the Opteck?

    Opteck is owned and operated by the Centralspot Trading Ltd having its registered office at 6 Tassou Popadopoulou, office 22, 237, Agios Dometios, Nicossia, Cyprus. The parent company has received its regulatory license from the Cyprus Securities and Exchange Commission having license number 238/14.

    The financial transactions on the website are processed by CST PA Services Ltd, situated at Loanni Stylianou 6, 2 nd Floor, Office 202, Nicosia 2003, Cyprus.

    What are the types of options available for trading in Opteck?

    The Opteck offers the most popular option types like Quick Options, High/low, Range High/Low, and One-touch options.

    What are the available assets?

    The brokerage house offers more than 100 assets for the trading. Traders are allowed to invest in a real-time on financial instruments including stocks (Vodafone, Facebook, HSBC, Google, etc.), Indices (DAX30, CAC40, NASDAQ etc.), Commodities (Oil, Silver, Gold, etc.) and Currency pairs (EUR/CHF, EUR/USD, USD/JPY, etc.)

    Is there any cap on a maximum and minimum investment amount per trade?

    Yes, the Opteck limits the maximum and minimum investment amount per trade. The permissible limit which can be spent on a single position ranges from $ 25

    $10,000 and it depends upon the type of account you hold.

    How can I select the specific account type?

    The Opteck offers six variants in the account types. The account types can be selected with the amount of deposit you make. Following table describes the deposit requirements to be eligible for a specific account type.

    Is Opteck a licensed broker?

    Yes, the parent company of the 24Option website, The Centralspot Trading Ltd holds a license issued by the Cyprus Securities and Exchange commission having license number 238/14.

    How can I connect with their customer support representative?

    The Opteck provide the most popular communication methods for their customers to connect with the support staff. The customers can use e-mail, phone or a live-chat option to get their query resolved. The registered members can connect through e-mail, and phone.

    The customers are offered Islamic Trading on the Opteck trading platform, and it offers sharia-compliant trading opportunities for the interested customers.

    Can I access the Opteck website in a regional language?

    Currently, the website is available in 7 other international languages besides the English. They are Arabic, French, Japanese, Italian, Polish, Turkish, and the Russian language.

    5 Reasons to Select Optec as a Preferred Partner

    Since the advent of binary and derivative trading, the market has seen an unprecedented rise. The current market scenario has more 400 offerings from several brokers, and this has definitely helped the traders to test some of the state of the art platforms. The Opteck is one such brand which has provided state of the art trading platform to their customers and has been improving since its inception. The platform offers hundreds of assets ranging from currencies to commodities and stocks to indices. We have funneled down the main reason to select the Opteck as a preferred partner.

    Regulated broker

    This is the first and foremost thing one must look for in a broker. A regulated broker is less likely to be a scam than an unregulated broker. Our research on the Opteck has revealed that it has got a regulatory approval from the Cyprus Securities and Exchange commission, a government body authorized to license the financial transaction in the European Union. This ensures that the traders can remain 100 percent sure about their funds as their funds are kept in a separate account than that of the company’s account. This gives a sense of security and trustworthiness to the traders about the brokerage house.

    Being a regulated a broker, the Opteck has to follow strict rules and regulations amended time to time by the CySEC. If it would have been a scam it wouldn’t have survived in the thriving market for such a long time, as it has been operational since 2020.

    State of the art platform

    Another compelling reason is that it has one of the most modern technological advanced platforms for the traders. The online trading platform is feature rich and provides convenience and user friendliness. It is developed with some very advanced and smart tools like technical charting which can be customized to suit your needs and your trading style.

    The platform also provides features like economic calendar, option signals for the traders, price alerts, single click execution, along with social trading tools. The platform is also equipped with smart risk management tools like stop loss and profit tools to make the trader’s life easier.

    The platform allows the traders to view the history of their financial and trading transaction with a single click and can generate a report with many customizations to suit the needs. The platform design is customer centric and requires a very little effort to master the nitty-gritty.

    Robust education material

    One of the biggest advantages of the Opteck is that it has the most resourceful learning material for naïve to advanced traders. The material provided on the website include video tutorials, e-books, articles, and other professionally developed learning tools. The website also allows you to register for an online webinar to learn techniques and strategies of the market.

    Above all, the brokerage house allows you to enroll for their one-on-one session with them. These sessions are conducted by in-house market experts who provide up to date market information about various assets and trading sessions. Any naïve traders joining the Opteck can gain knowledge and become a professional trader with the learning resources.

    Comprehensive asset list

    The Opteck website gives you an instant access to hundreds of assets from major categories to select and trade for. The list of assets includes popular commodities, stocks, indices, and currency pairs.

    The broker offers stocks like Alcatel, Banca Generali, Carrefour, Dell, Deutsche bank, eBay, Facebook, Google, Apple, Vodafone, amongst several others. It also allows trading in the commodities like Corn and Coffee besides precious metals and other popular commodities. Not only that, the website allows the trader to bet on popular world indices like DAX, CAC, DOW Jones, amongst others. Not to forget, the broker allows the traders to trade in the most popular and most liquid currency pairs like USD/EUR, USD/GBP, USD/JPY, amongst several others.

    The comprehensive trading asset list is sure to make the life easier for the traders as they can diversify their risk amongst various categories of assets.

    Robust Customer Support

    The Opteck take prides in its robust customer support system. The support staff is well-equipped to answer all the queries related to the trading, and they ensure that their customers remain happy. The brokerage house offers seamless deposit and withdrawal experience and in the case of some issues, they are available round the clock to aid you in your difficulties. Our experience with the support staff has been very encouraging and they can be contacted by way of e-mail, phone, live-chat, and through web-forms.

    Finally, the consistent performance on the customer service front and their comprehensive assets list put them in the prime league of operators in the trading arena. Their substantial education resources and state of the art platform along with they being licensed from the most reputed authority acts as jewels in their crown.

    Conclusion

    Opteck has proven to be one of the premium brokers in the industry. Their excellent customer service is easily reachable when help is needed. They have also successfully launched their own platform. A couple of features such as ladder options, could have been included but in general all the features are there and are working perfectly. Banking is quick and easy and most of the common methods are supported. The bonuses and educational materials provided are top notch. They are a regulated and extremely trustworthy broker site and therefore we most warmly recommend their services to everyone.

    Overall review we will give Opteck 4,8 stars out of 5 as binary options broker site.

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