If you have been trading with Opteck for binary options, well you can’t anymore. This regulated binary options broker has decided to close binary options trading business and continue offering forex and CFD trading instead.
You all probably know that Opteck owns CySEC license for several years and that their main service was focused on binary options.
Opteck Dropped Binary Because Negative Press
One of the main reasons why Centralspot Trading Ltd. (the owner of Opteck) has decided to drop binary options trading is bad press reputation which has started to appear across the globe. This was not officially confirmed, but it is the logic explanation.
There is one more reason why Opteck decided to exclude binary options and it is because most of their operations were based in Israel, which banned binary options marketing for retail traders abroad.
Opteck Offers New Solutions
If you have been investing in binary options with Opteck, you can’t anymore, but you can switch to other services instead. Opteck has been preparing for this for some time and now traders can trade with CFDs or forex.
The concept of CFD is very similar to binary options, except when trading CFDs, traders are not aware of future potential profit/loss. Except that, trading with CFDs includes paying certain fees and commissions for every executed trade. Traders who decide to invest in CFDs will have a much wider pool of bases, meaning traders can choose to trade with more trading assets than with binary.
Opteck Customer Support
Traders that are clients with Opteck can easily contact Opteck support agents to provide with the additional information about their account. Their customer support is well informed regarding binary options removal and they will offer you help like they did with us.
Besides very prompt live chat, traders can contact Opteck by submitting an email or calling one of the numbers located in several countries worldwide.
Read more about Opteck in our Opteck review and find out more information about trading accounts, banking information, and regulation. traders who prefer trading binary options can find adequate broker on our binary broker list.