All was going OK until last week when we were trading using team viewer and phone to trade together and he pushed my trades up to 10,500 dollars on dead cert trades The upshot is that he helped me to lose 53,000 dollars in 9 trades, him setting it up and me pushing the invest button. I have to admit I had serious misgivings about the amounts, but was trusting my assigned senior broker. I am about to lose another large amount of money on a long term trade he recommended, effectively wiping out my life savings. The trade closes on Friday and there is absolutely nothing I can do about that trade except watch it slide away. I guess the message is that you have to be very strong with a broker/trader you might be relying on to help you get to grips with Binary trading and refuse to click the invest button if you have any misgivings. I consider what he did was extremely reckless and I would also say unethical in getting my inbuilt trading maximums levels increased on the system so he could help me take those trades. I had no idea what I was doing and was just going along with the expert. This was a huge folly on my part and I have to live with the consequences. Really think very carefully if you are going into Binary Trading with Opteck.Thank you very much for sharing your unfortunate situation with us And I am so very sorry to hear about your losses. Losses that it would seem are going to actually effect your standard of living negatively. Thats not good. Of course, we always recommend people never trade with more than they could afford to lose, but few of us retail level traders actually stick to that religiously.Unfortunately, Opteck is one of the brokers that I would consider to be a Money Real People company. In other words, while nhot outright fraudulent, they work around the edges of it by doing stuff like you describe. The hard truth you probably dont want to hear That assigned senior broker was NOT there to help you make money. Nope. Unfortunately, his job is simply to convince you that following his trades will make you money. When in reality he can make that promise no more than you yourself can. His job is to make sure you LOSE your account balance as quickly as possible. Why Because that is how they will make the most commissions/profits. Established, reliable brokers will not engage in this practice but there are a significant handful that will do so, and do do so on a regular basis. Luckily, most brokers are honest and perfectly happy to make plenty of money just on the trading volume of their traders.We have recently visited another binary options broker operating in Australia named Opteck. From a little research we have conducted, we found out that since its establishment around 4 years ago, this particular broker has been able to gain considerably good reputation amongst the competition as being one of the more reputable and trust-worthy industry powerhouses in the field of online binary options. It is no wonder then that their customer support department received numerous awards for best service.We have made sure to test all aspects of Optecks proprietary in-house trading platform from A to Z as well as their Demo Account that is offered for traders who wish to test their trading skills and the brokers trading environment prior to start trading with a live account. Our impressions are presented here so you will be able to consider Opteck next time you look for a solid binary options broker for your future investment needs.Opteck trading platform might look a bit complicated at first, but once you start opening trades on your demo account, you will soon realize how easy and simple it actually is. Unlike many other brokers who use third-party providers to operate their platform, Opteck has decided to develop it in-house.Opteck has created a revolutionary binary options platform that allows you to trade on over 100 different underlying assets, while covering all major categories, such as indices, commodities and currencies. In favor of their traders best interest, Opteck allows you to add your most favorite assets in case they dont already appear on the companys affluent asset list.In addition to the positive user experience we have encountered while trying their standard platform features, such as Quick Options, High/Low, Range and One Touch, they also offer advanced platform features, such as Order Execution Type and Social Trading. If thats not enough, you can also read and learn about each and every asset on Optecks website. Once you click on one of the assets, a detailed explanation consisting of the assets description, volume, and other essential data will help you gather additional information about it.The rates of the options on the Opteck platform are as straightforward and fair as the rest of its features. Theyre calculated according to a conclusive average of all major exchange markets, making the Opteck trading experience valuable and trustworthy.The demo account is an essential tool that helps you to take fundamental 038 technical analysis information in real time and test your trades prior to opening live trades. As we said earlier, becoming a successful trader might take some time, and in order to practice your trading strategy and try different trading techniques, its always there for you.All features of Optecks live trading platform are available through the demo account, offering you completely risk-free trading with no hustle. Once you see and feel that you gained enough experience in trading with your demo account, you can move on to trade on your real account. The only difference would be in the type of money being used.A complete and comprehensive educational center was designed to guide you through all of the trading stages and situations youll encounter on your trading journey, regardless of whether or not youre at a beginner level or an expert trader. It is called Opteck Academy, and it provides you with rich content delivered in easily accessible forms such as: Video tutorials, live trading webinars, technical 038 fundamental analysis, e-Books and many others.In addition to that, daily signals are being sent on a daily basis to the traders at Opteck in order to improve their overall success potential. These signals are meant to provide you with accurate and intuitive information to further increase your success ratio.
