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Binary Trading South Africa (2020)
5 Star Binary Trading South Africa Brokers $250 in rands or $10 in rands deposits
Traders can lose all capital
Welcome to Binary Options Trading SA website. A portal created to be your guide to safe Binary Trading South Africa and the world. Whether you are a beginner to binary trading or a pro. You will find useful posts and articles here covering broker reviews, trading strategies, latest news and most important the TRUTH in the binary options world with some frequently asked questions. With the ever growing popularity of binary options trading globally and locally in South Africa, BOTSA aims to provide only the best and highest quality binary information all in one place. The binary trading South Africa site contains articles on getting started and smarter ways to trade.
Binary Options Brokers
So in order to actually be able to make trades you will need to join up with a broker. Don’t stress about this cause its free to join up. Furthermore the binary trading South Africa brokers on this site have demo accounts as well as great educational material and resources. A binary options broker is basically an online trading platform. So you would sign up. Deposit the amount of your choice and then you will make trades based on your predictions of the financial markets via the online trading platform or mobile applications offered by the broker you choose. This binary options guide provides a list below on the safest regulated binary options brokers for South Africa and the world alike.
Binary Options Broker Scams
Do you want to check whether a broker is scam or legit? Currently there are over 100 binary options brokers and many of them are scam. We took the time, to do some research and test the most popular binary options brokers and here is the list.
We add new brokers in a daily basis, but if you have a suggestions or you have been scammed, please let us know and we will try to help you.
This is currently the biggest list of this kind on the internet. Please help us by sharing the list on your website and blog or social bookmark the page.
List of Legit and Scam Binary Options Brokers (Last Update: April, 2020)
|24Option||Trusted||Yes||1st July, 2020 – removed binary options completely|
|Nadex||Trusted||Yes||The only regulated US brand. Accepts US clients only.|
|No1Options||Neutral||No||Stopped accepting new traders|
|BigOption||Neutral||No||Stopped accepting new traders (August 2020)|
|AnyOption||Neutral||No||28th June, 2020 – stopped accepting new customers|
|BancDeBinary||Neutral||No||Out of business. Fined by CYSEC Jan2020 / Not accepting new traders 2020|
|Bloombex||Neutral||No||Stopped all marketing activities|
|InteractiveOption||SCAM||No||Suspended license (April 2020)|
|MagnumOptions||SCAM||No||Closed (2020). One of our readers reported it as scam.|
|MarketsKing||SCAM||No||Out of business. Not paying affiliates (November 2020)|
|Opteck||Neutral||No||ASIC Warning | Most countries are not accepted anymore (July 2020)|
|OptionWeb||Neutral||No||Temporary traffic suspension (September 2020)|
|OptionTime||Neutral||No||Broker is out of business|
|EveryOption||Neutral||No||Broker is out of business|
|GlobalTrader365||SCAM||No||Broker is out of business|
|EZBinary||Neutral||No||Broker is out of business|
Link to this list. Copy paste this code into your website:
Trusted – These are the best binary options brokers. We consider these to be the safest brokers, meaning that there is no evidence that this broker is a scam.
Neutral – These brokers are either too new with little to no reviews or they have mixed user reviews. Some of these brokers have almost impossible first deposit bonus conditions, therefor some users report them as scam, even if they aren’t.
Scam – Do not sign up with these brokers. Scam brokers are known for stealing money from the traders (ex. not allowing withdrawals).
Binary Options Signals Scams and Fraud
Unfortunately there are more and more binary options scams nowadays and there are a few things you should take into consideration before signing up.
Maybe you saw some ‘make money from home’ video that sounded too good to be true, but you still signed up? Most of the time these are binary trading signal websites (also called binary options robots).
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Most of these kind of websites are scam and not the binary options brokers you sign up with. Don’t fall for these false promises of making thousands of dollars overnight with ‘little known, secret software’ giving you over 90% accuracy.
This is how these binary options trading signal sites work:
- They make a website with a video and a signup form. Most of the time that’s all they have on their homepage.
- They make a long 20-30 or even 45 minute video, where they tell you how good their software is and how few spots are left on their website.
- They add fake testimonials on form of text on the homepage or video reviews (such reviews can be bought for $5 on another website)
- They tell you that the software is free, but they require you to sign up and deposit to one of their recommended brokers. This is how they get paid: the lure you with a fake software and get paid by the brokers for referring you.
List of Binary Options Signal Scams
Following signal providers are considered to be scam and are not recommended: 1K Daily Profit, The Millionaires Club, Daily Trader Club, The Italian Method, Profit Magnet, Rock The Stock, Zulander Hack, Binary Matrix Pro, The London System, Elite Millionaire Society, My First Online Payday, Trade Fusion Exposed, Free Money Guaranteed System, Magic Money Machine.
US Brokers And Regulations
If you are a non-US trader, it’s advisable to pick one of the regulated brokers. If you are a US trader, you have no choice but to pick one of the unregulated brokers, because regulating firms like Cysec do not allow US traders. As a consequence, there are not US brokers that are regulated, but keep in mind that no all of them are bad, they are just not regulated.
Binary Options Scams – What Else To Look For
We cannot guarantee for any of these brokers. Unfortunately there are many brokers (especially new ones) that simply disappear, not paying traders.
Don’t choose brokers that haven’t been around for at least a year.
On this page we also inform our users about any unethical business practices. The truth is, these unethical brokers are capitalizing on the legit brokers, by offering similar services, bonuses and platform. However, once you deposit money at the wrong broker, you will most probably lose it. There are many legit brokers out there, so make sure to choose wisely.
Most new traders don’t know about the sign up bonus tricks of the brokers. If you sign up and accept a sign up bonus, without reading the terms and conditions, you will most likely lock your funds. These bonuses have a restriction that is very hard to fulfil, therefore you will not be able to withdraw your money. Always read the terms or ask your manager to explain the bonus for you.
Identity Check On Deposits And Withdrawals – Are They Safe?
Most binary options brokers want to (or are obliged to) know who their are getting the money from or they want to check whether the person withdrawing the money is the same as the depositor. This is necessary to avoid credit card fraud, money laundering and possible account hacks. You shouldn’t wonder if the broker asks for a copy of your ID or utility bill, however if a broker asks for your credit card info for social security number then be alerted. You should never, under any circumstances give this sensitive information away.
When Is A Broker Considered Scam
Nowadays you will find negative reviews about really everything. Even the best and most respected brands in the world have negative reviews. We’ve even seen cases where losing traders claimed that the broker they were trading on was scam, only because they lose all their money. It’s not always easy to have a clear overlook on these things.
When we a broker as scam, we always have evidence from multiple sources including:
- user reviews on multiple websites and forums
- user who email us
- user reviews on scam report sites
- brokers that lose their regulation status
- brokers that do not pay traders or affiliates
I’ve Been Scammed – What Can I Do?
First of all call your bank and explain your situation. Ask for a charge-back because there is a slight chance that you get your money back. If you use PayPal, you will be able to open a dispute and get a chargeback.
Also make sure to contact us, and let us know exactly what happened. All we can do is to publish your negative review on our website and warn other traders.
Warning: Be extra careful with brokers that accept US traders. Usually these brokers are not regulated, this means that your money is not as safe with them as with regulated brokers. If we find enough evidence that these brokers are scams, we will list them on this page.
13 February 2020 – Opteck gets ASIC warning. Australian traders should avoid this broker. Opteck does not have a valid license to operate in Australia. See the list below for more warnings and scams.
27 September 2020 – Optionweb temporary traffic suspension.
Don’t forget to share this list with others and social bookmark it.
Scams using binary options are unfortunately quite common, as you can tell from our list of fraud brokers and services. If you are concerned about falling prey, this guide explains how to avoid scams in the UK.
Are Binary Options a Scam?
In short, no. Binaries are, in our opinion, a good product. There are, however, unscrupulous brokers and other service providers out there preying on uninformed traders. This is due to binaries being largely unregulated and unmonitored when they first came to the market – which thankfully has changed a lot in recent years. But with scam artists still out there, what can consumers do to avoid a binary options scams and focus purely on their trading? Read this tutorial on scams and only trade with trusted brokers!
A scams list may not actually be that useful though – operators are closing and re-opening so often that maintaining the list becomes a full time job. A better choice for consumers is to spot the warning signs, and if there are any doubts at all – simply move on to another provider. A list of scams can only protect you from threats that exist today – learning how the con artists operate and mislead consumers can keep you safe for years to come.
There are a number of methods by which the scams associated with binary options will try and make money. There are however, also some pretty obvious red flags that can pre-warn consumers that all might not be well. As ever, the old adage “If something seems too good to be true, it probably is” applies. If you have encountered any of the below, I would advise treading very carefully – and if in any doubt, leave that particular broker – there are plenty of legitimate, trustworthy brokers. There is no need to take risks with any company that you may have doubts over.
Top 3 Trusted Brokers
For those that simply want to avoid scams and start trading without reading this whole guide, go with any of these brokers:
|£5||75% Pro Account + 10% CB||89%
A service called MyChargeBack.com offer a consultancy service to help victims recover their money. They offer a free service to let you know if you have a case. Things like unpaid withdrawals, or unauthorised payments can be claimed via banks or credit card companies, and this firm specialise in dealing with those organisations. The range of services varies based on each case, but they may be able to help:
How to Avoid Scams
Look out for the warning signs listed below!
A reputable broker is unlikely to solicit new business by making cold calls and phoning you out of the blue. It is likely that any call made in this way, will involve unrealistic claims about binary options, and potential profits to be gained from trading them. These might include the promise of immediate, high returns, and downplaying any risk.
In addition to telephone calls, some operators may also email directly, in some cases, suggesting an account has already been opened. Any of these methods of getting in contact is an immediate warning sign. Hang up, and delete any mails.
One source of frequent issues is via deposit bonuses. Dishonest brokers will often have some extremely unethical terms. These might include tying in the initial deposit until a certain amount of trades have been met (turnover requirements). They will include the initial deposit (not just bonus funds). Effectively making the deposit their money as soon as it is handed over. Be sure to read these terms before taking a bonus, or making a deposit.
This warning includes automated robots and signals, but also managed accounts, where an account manager has promised massive profits. There is an obvious conflict of interest for these account managers. If you make a long term profit, the brokerage makes a long term loss on your account. An account manager, employed by the broker, is very unlikely to have your trading interests at heart. While they may argue otherwise, letting someone else trade for you is very likely to end in losses. These managers can also encourage traders to invest way beyond their means, which is particularly dangerous. Binary options are a high risk / high reward investment. The risks should never be hidden from you by your broker or account manager.
‘Make Money Online’ marketing
Many of these warning signs are related – this form of marketing again hides the risks – just like the cold callers and account managers. The “Make money online” and “Get rich quick” marketing surrounding binary options is grossly irresponsible. There are numerous websites, with high production videos that look very appealing. They will suggest making money is easy, possibly even suggesting they copy famous investors. These are all scams. Any promotion that hides, or downplays, the high risk nature of binary trading is not being honest. Binary options are not a way to make easy money, and should not be sold this way. This form of advertising for binary options is generally the most dangerous for the consumer. If you encounter marketing of this kind, do not proceed.
A funnel is a website that will drive traffic to a broker. As a visitor to that site, you may not even be aware you have been redirected to a broker. These funnels generally operate the “get rich” marketing described above, but not always. The issue here is that the consumer will be passed to a broker, who they know nothing about. Having visited the funnel, the new customer will get a call from a random broker asking for a deposit. While this may sound odd to those who have not fallen victim to it, the effective selling of the binary options scam by the funnel website, will mean many people are duped.
Some brokers will include a line within their terms along the lines of: “Our prices may not reflect those of the actual market”. Unfortunately it will not be worded as clearly as that, as the implications are obvious – they set their own prices. If the broker is the counter party to any trade, and they also set the prices, it will be very very difficult to ever make a profit with that broker. Clients are trading against the broker, and they decide the closing prices. One of the two parties will make a loss – and it will not be the broker. Research the terms of trading and beware of any references to settlement figures based on anything other than real world prices.
So those are some key warning signs that should make any potential new trader stop and question what they are being told. If you have come across any of the above, identify the broker involved – and trade elsewhere.
In addition, new traders might try and carry out their own ‘due diligence’ on a brand. Even this however, might carry risk. The reason is, as well as the scam operators, there are review sites that are also dishonest. There are a couple of ways that consumers can protect themselves and find the trustworthy reviews. The first method is in looking at the offerings elsewhere on the review site – if other scams are being promoted, then the reviews are not credible. Ask these question of the site:
- Is there a proliferation of robot ads?
- Are there promises of high returns?
- Is there adequate risk disclosure?
- Can you contact the site, or site owners?
The second method is regulation. In the UK, the Financial Conduct Authority regulates some binary options brokers. This only happens where the broker offers a form of trading already covered by FCA regulation – Contracts for Difference (CFDs) for example.
The reason this is important is because FCA regulated firms have to be careful about who promotes them too.
If a binary option site lists FCA regulated brands (as we do!), this indicates a level of credibility and protection. That site must be completely honest about the high risk nature of binary options, and it must have accountable individuals, based in the UK who operate it. If it does not, then the FCA firms would not allow their brands to be marketed by them.
Here however, is another level of complexity. Some binary options brokers have sought to register with the FCA. This is not the same as being regulated by them. In order for a firm to be regulated by the FCA, they need to offer additional forms of trading, not just binaries. A brand offering only binary options will not be fully regulated by the FCA. This is because binary options are currently regulated and licensed by the UK Gambling Commission. So the list of binary options brokers regulated by the FCA is actually very small.
FCA List of Unauthorised Brokers
In addition to the services below, the FCA have published a list of firms who are not authorised to trade binary options in the UK. While stopping short of calling them scams, the list provides a picture of firms who are prepared to break the law (by offering unregulated trading). They are almost certainly best avoided. The list can be found here:
The Brit Method
The marketing in use here is an obvious red flag. Videos that suggest over £500k has been made in under a month are about as obvious as it gets. Unfortunately the claims are not true. This is an outright scam, avoid the “Brit Method” or any associated schemes. These include “Jason Taylor” and any “millionaire maker” scheme linked to that name, or the Brit Method.
The Brit Method is a scam that has been used before. Here is what you need to know to protect your money;
What Is The Brit Method?
The Brit Method promises to be a binary options trading strategy that can make you hundreds of thousands of Dollars within a few weeks. Unfortunately, it is the latest reiteration of an old scam.
The Brit Method is nothing new. It previously was called the Aussie Method and the Canuck Method, and each time the site had to close due to its bad reputation. Even the guy who supposedly invented the genius trading style is the same.
It is always the same stock picture, just the name changed from Jake Mason to Jake Pertu and now Jason Taylor.
There are many fake testimonials on the website, but make no mistake all of them are made up statements with stock pictures of people who never heard of the method.
Similarly, all the promises made by the Brit Method are lies. The site essentially promises immediate, unlimited gains, but provides little information on how it wants to accomplish this goal.
The site also promises to get you started for free, which is a lie, too. After you complete your free registration, you are refused access to the system unless you deposit $350. But even if you make the deposit, you still wont have access because there is no system. The money is gone, and you will never see it again.
Avoid the Brit Method at all costs. Also, be aware of all future version of the scam. In all likeliness, there will be a German Method and an American Method and they will very likely to use exactly the same methods to con people.
Again, the sales pitch is an obvious red flag. This is a scam, stay away.
The scam suggests that clients can enjoy wealth by following a method created by Warren Buffet. An investor famous for taking long term positions, this fraud has absolutely no connection with Buffet himself.
The process involved visitors being forced to join a particular broker (another scam tactic explained above) and make a deposit in order to get access to a “system”. No system exists, and traders will not get any funds returned. Avoid.
The good news here is that the Ultimate4Trading website has been blocked for UK visitors. The operation is dishonest and should be avoided.
Another scam which again, is thankfully blocked in the UK. Once again, the promise to “get rich” is at the forefront of the marketing but the whole operation is a scam. To the point which even the website is now a haven for malware. Keep away.
Instagram & Facebook
Many scams promote themselves on Instagram and Facebook. Most will fall into the categories listed above. The mainstream media have also been duped themselves in the past, including the Daily Mail. These promotions or accounts make wild claims of the profits that can be made, backed up with images of flash cars and other trappings of success. It is all a lie and these operations are to be avoided at all costs. If these people really could turn your £2,000 into £8,000 in a week – why would they need to advertise on social media? They could simply make as much money as they needed from the markets and go and spend their time on the beach. Screenshots are easy to fake – and they never need to show the losing trades.
Anything promoting a ‘get rich quick’ route using binary options is untrustworthy, full stop. Remember also that Martin Lewis (of MoneySuperMarket fame) is considering legal action because Facebook are not doing enough to remove ads claiming to be backed by him. To repeat his quote “Martin Lewis does not do ads“. If an advert mentioned him, avoid it at all costs – it is almost certainly a scam.
Below are some brokers for which we have received credible reports of poor customer care, or worse. Again, many of the tactics used are covered in our article on avoiding scams – this list is unfortunately not exhaustive so if any of the actions below sound similar to other brokers you have come across, stay away from them – and let us know.
Many of the worst brokers have been thankfully shut down, but always be aware of using unregulated brands unless you are able to verify their quality. Not all unregulated brands are untrustworthy, but it does mean more ‘due diligence’ is necessary.
Bonus terms lock in the initial deposit until turnover requirements of x30 are met. Your deposits are yours until you choose to trade them. A broker should not block withdrawals of your deposits before it has even been traded. Avoid.
Opteck have now closed for business. The tighter regulations introduced by CySec (who monitored Opteck) have left the firm with no option but to cease trading. Increased regulation is helping the industry by squeezing out the firms that used misleading marketing, or deception, to earn money from clients.
Boss Capital were a popular broker which accepted US traders. A lack of strong regulation enabled them to operate using questionable methods. They are another firm that have closed as a result of improved regulation.
StratX were a firm brought to our attention by a disgruntled customer (see the testimonial page). The firm use cold calls, account managers and make withdrawals very difficult. Not recommended.
Another firm we have received much correspondence regarding is CFDStocks. They employ most of the tactics discussed above, including cold calls. Most contacts we received say an account manager encouraged larger and larger deposits before disappearing.
Opteck was founded in 2020 by a team of highly motivated professionals, passionate about trading on the financial global markets and empowering others to follow their lead.
|Founded||In 2020 by CentralSpot Trading LTD|
|Headquarters||Lophitis Business Centre, Office 102, 249, 28th October Street, Limassol, 3035 Cyprus|
|Support Types||Phone, Online Chat, Email|
|Languages||English, Russian, French, Polish, Italian,Spanish, German, Arabic|
|Trading Platform||Proprietary trading platform|
|Minimum 1st Deposit||$250|
|Minimum Account Size||$25|
|Maximum Trade Amount||$10000|
|Bonus||BONUS UP TO 100%|
|Payout||65% – 89%|
|Free Demo Account||Open Demo|
|Regulation||Cysec (Licence Number: 238/14)|
|Fee Info||Only for withdrawal 3.5% (min $30 max $3.500)|
|Account Types||Green, Bronze, Silver, Gold, Platinum, Black|
|Deposit Methods||Visa/Mastercard, Postepay, Skrill, Neteller, Webmoney, QIWI, Bank wire transfer, MoneyBookers, Western Union, iDeal|
|Withdrawal Methods||Visa/Mastercard, Diners, Postepay, Skrill, Neteller, Bank wire transfer, MoneyBookers, Western Union, iDeal|
|Trading Methods||Any trading strategies along with Terms and Conditions|
|Number of Assets||1000|
|Expiry Times||30 sec, 60 sec, 2 min, 5 min, 10 min, 30 min, 1 Hour, 3 days, 1 week, 1Month|
|Types of Assets||Indices, Commodities, Currency Pairs, Stocks|
|Option Types||High/Low, Quick Options, Range High/Low, One Touch|
|Account Currency||USD, EUR, GBP|
|US Traders Allowed|
Opteck is the undisputed leader in the field of binary options trading. This broker offers to all traders the unlimited trading opportunities: a wide range of the most popular items (more than 100), the lucrative action, a world famous and most quoted indexes currency. Any trader, even a novice, with ease and comfort can begin to trade, invest and implement profitable deals, easily and comfortably, not to mention the experienced professionals.
Trading with Opteck makes a combo of professional earnings and enjoyable hobby. Extremely simple as it is, trading with Opteck turns into the most pleasant and successful time spending. Thanks to precise tools of trade, experienced analysts, financiers, readily available for trading assistance, and many other attractive items that you will plunge into the world of commerce and success.
It is worth noting that this broker offers a free demo account, starting from $ 5,000 – 50 000 $, in the framework of the «Bronze», «Silver», «Gold», «Platinum» and «Black» trades. Trade and practice are necessary to learn the rules and strategies; and all this, without any risk to your assets.
Thanks to the unconditional safety and reliability of Opteck, (a broker that is regulated both by the Cyprus Commission for the Securities and Exchange Commission by CySEC , and the International Commission for the financial services IFSC) thousands of customers enjoy the trade and successful transactions. In addition, it is worth considering that Opteck experts organized an advanced academy where you can learn the necessary skills to apply technical and fundamental analysis and more.
Deposits and withdrawals
Withdrawals in Opteck don’t pose any difficulty. Just keep in mind that the currency in which is the minimum withdrawal amount should correspond to the currency in which you conduct trades. Thus, the output wages will correspond to the original currency trading. In simple words, if you are trading in dollars, the minimum withdrawal amount is $ 50, and for those who trade in pounds sterling £ -50.
To withdraw funds, you should follow these simple steps:
1. Log in to your trading account
2. Click the «withdrawal» to open the inquiry form on the withdrawal of money from an account
3. Select the desired amount and the method of withdrawal of funds, then fill in the other required fields.
Earnings can be derived using the following methods to withdraw funds: credit / debit cards, bank transfer, Skrill (MoneyBookers), CashU, Webmoney, Western Union. The procedure itself takes about 3-5 days.
Complaints about Opteck
The opinions of the Opteck customers and reputation of the firm are the primary factors for the broker to work better and better. Therefore, the company’s experts scrutinize the comments and reviews on Opteck. It should be objective: with any broker, there are some errors. There is always something to strive for and something to work on. Regarding the Opteck, there were a few comments about the withdrawal of funds with a delay of 2-3 days. Do not worry about this occasion, the inconvenience was soon resolved and all customers received the funds in strict accordance with the requested amount. It should also be kept in mind that some cash out methods are instant; You will find more information at the website of the broker.
If we find complaints about Opteck, we will post it on social media. Follow us to be well informed:
Opteck, is this a scam ?
You can be 100% sure of the reliability of the broker; because the company is regulated by both the Cyprus Commission for the Securities and Exchange Commission CySEC, and the International Financial Services Commission IFSC, which provides an unconditional guarantee of the reliability of all procedures and the safety of the withdrawal.
The apparent advantage Opteck, compared with other brokers, is the regulation of the most respectable commissions: Commission for the Cyprus Securities and Exchange Commission, CySEC and the International Financial Services Commission IFSC.
On the trading platform Opteck you can benefit from the following bonuses:
1. Awaiting bonus – the bonus will be added to the actual balance of the account after a certain volume of transactions.
2. Current bonus – the bonus money will be made directly to the actual balance of the customer’s account.
3. Bonus «without risk» – will be added to the account of a trader and an unsuccessful turn into a winning deal. The validity of this bonus – 30 days, including weekends.
4. Bonuses from competition – competition winners will receive bonus prizes in cash or as a bonus to their trading accounts.
Opteck is the most successful broker in trading binary options market. The minimum deposit on your trading platform Opteck – $ 250, while the minimum bet is $ 25.
So, we can say with certainty that the Opteck is the most reliable and secure broker. The platform Opteck you will find many surprises and innovations. The best specialists of the financial market will be more than happy to provide you with their services.
beware you could lose your money my account manager did just this to me by giving me bad advise and then still tried to persuade me to go into 10000 debt
rubbish company beware
beware Bad advice by my account manager lost all my money in 5 hours
I cannot agree that OPTECK is a good company to trade with… I have not yet traded and ifind them to be a poor on customer support and care… I have been bombarded with cals and pressured into depositing £250 the least I could “invest” now they have flatly refused to refund my money and have lied time after time to me and deflected all my attempts to have my money refunded ,, surely this is fraud?
Be very aware of this company and its partner smartbotpro they do not deliver what they state on their websites in 24hrs a loss of £500 … sent emails to both companies and no reply amazing as Opteck called me at all hours to get my business then go quiet when they have lost all the clients money
OPTEK is a scam, regardless of whatever they tell you it is a scam, you will never get your money back. I opened an account with them few months back and after 1 month I decided it does not work for me, at the beginning they were very nice and friendly with me at the same time constantly asking for more money. When I informed them I decided to give up and that I want my money back suddenly they were unavailable, the manager was on holiday, there was a lengthy process and so many forms to fill up, but of course I should put in more money instead of leaving. I did sent them all forms and proofs required, few months ago, since then never heard back from them. So BEWARE, OPTEK IS INDEED A SCAM.
They might be “legal” and have all the needed licenses. But they are crooks, they are after your money, they drag you in, they would call you 10 times a day to encourage you to deposit more money, then they will give you bad advice and you will lose your money, try to contact the so called account manager and you will not be able to reach them. they will let you cool for a week or so then a “new” account manager” will contact you and give you all different promises of recovering your losses and “working with you” to build a steady and secure profit.. STAY AWAY from them
Opteck indeed is a scam…they are robbery who cheated me twice and still ask me to invest when i lost US$3,500 they are blood sucker i learned a heavy lesson my hard earned moneys NEVER trusted them anymore let the heaven punished them i will curse them to dead
yes indeed you are right your encounter with me the same i am cheated twice very bad advice from them they are crook never trusted them
they are scam….please do not believe them they are a bunch of blood sucker who cheated your hard earned money STOP listen to their advice they gave you wrong advise they are hunting for more money you invested they are LIARS
I am battling to get $3500 back from them. They also do not reply to emails. They phoned me a few times – other than that no response
Why People comments are negative about you Opteck.it given me a fear of trading with you.
This Broker is a huge scam Do not even think about open an account with them. They ask you to put more money “they call it be serious” if you do not put more money they get mad at you and lock your account saying that you lost all your funds. Allan Maxwell locked my account with no reason i lost my money.? Thanks to Joan who assisted me in getting back all my money
Opteck is a scam, I deposited over $56,000 and they blocked my account saying that they I should post certified ID and RV before they can remove restrictions that prevented withdrawing. I Did that and they took months saying they haven’t received the documents giving me endless tickets
They eventually removed the restrictions and when I had to withdraw , they completely blocked my account saying my device logged in with another account when I hadn’t . I reached out to [email protected] a certified binary options recovery expert, he helped me recover all my money back from them
The Best Binary Options Broker 2020!
Perfect Choice For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sing-Up Bonus Now!
Only For Experienced Traders!