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Belize|5-10 years|
Suspicious Scope of Business|Belize Retail Forex License Revoked|High potential risk|


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Company Name

CST Financial Services Ltd



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Warning: Low score, please stay away! 6
Previous Detection : 2024-07-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • BelizeFSC (license number: IFSC/60/377/TS/17) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 238/14) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Belize FSC regulation with license number: IFSC/60/377/TS/17 is an offshore regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

OPTECK · WikiFX Survey
Danger A Visit to OPTECK in Cyprus -- Finding No Office

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OPTECK · Company Summary

Aspect Information
Company Name Opteck
Registered Country/Area Belize
Founded year 5-10years
Regulation Previously regulated by FSC in Belize;Previously regulated by CySEC in Cyprus as a “Suspicious Clone”
Minimum Deposit $250
Maximum Leverage Up to 1:100
Spreads Vary based on account type (Standard starting from 0.8 pips; ECN starting from 0.5 pips)
Trading Platforms TraderSoft
Tradable assets Forex, Indices, Commodities, Cryptocurrencies
Account Types Standard Account (Minimum Deposit: $100, Leverage: Up to 1:100); ECN Account (Minimum Deposit: $1,000, Leverage: Up to 1:100)
Customer Support Phone (+35722007264), Email (, Live Chat
Deposit & Withdrawal Payment methods include wire transfers, credit cards, and select online payment processors.
Educational Resources Lack of comprehensive educational resources

Overview of Opteck

Opteck, a trading platform established approximately 5 to 10 years ago, was previously registered under regulatory oversight by the Financial Services Commission (FSC) in Belize. However, its regulatory status has been revoked. Additionally, it was previously affiliated with the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, flagged as a “Suspicious Clone” entity. This status raises concerns about its credibility and regulatory compliance within the financial services industry.

Traders on Opteck have access to a range of tradable assets including forex, indices, commodities, and cryptocurrencies. Customer support is provided via phone, email, and live chat. Payment methods for deposits and withdrawals encompass wire transfers, credit cards, and select online payment processors.

Overview of Opteck

Is Opteck legit or a scam?

Opteck was previously regulated by the Financial Services Commission (FSC) in Belize under a Retail Forex License. However, the current status indicates that the regulatory license has been revoked.

The license number previously held by Opteck was IFSC/60/377/TS/17, and it operated under the entity CST Financial Services Ltd.

The crucial point to note here is that the status indicates the revocation of the regulatory license by the Financial Services Commission in Belize. This suggests that Opteck no longer holds a valid license to operate under the previously regulated framework, which may impact its credibility and regulatory compliance in the financial services industry.

Is Opteck legit or a scam?

Opteck, operating under the entity Finteractive Ltd, was previously associated with the Cyprus Securities and Exchange Commission (CySEC) under license number 238/14. However, the current status indicates it as a “Suspicious Clone.”

The license type was listed as Straight Through Processing (STP), and it was regulated by CySEC in Cyprus. The effective date of the license was June 20, 2014. The company provided compliance-related contact via email at and operated through the website

However, it's crucial to note that the current status of “Suspicious Clone” raises significant concerns about its legitimacy and regulatory compliance. This status suggests issues related to its operations or identification as a clone of another entity, possibly indicating potential fraudulent activity or unauthorized use of a licensed institution's details. Traders and investors should exercise caution and thoroughly research such entities before engaging with them due to these suspicious circumstances.

Is Opteck legit or a scam?

Pros and Cons

Pros Cons
Diverse tradable assets Lack of comprehensive educational resources
Multiple payment methods Limited trading tools and analytics
Various customer support options Not regulated
Accessible minimum deposit
User-friendly platform


  1. Diverse Tradable Assets:

    1. Opteck offers a broad spectrum of tradable assets, including various currency pairs, commodities, stocks, and cryptocurrencies. This diversity provides traders with ample options to diversify their portfolios and explore different markets based on their preferences and risk tolerance.

2. Multiple Payment Methods:

  • The platform supports multiple payment methods, facilitating convenient funding and withdrawals. Traders can utilize various options such as credit/debit cards, wire transfers, and select online payment processors, enhancing flexibility and accessibility.

3. Various Customer Support Options:

  • Opteck provides multiple avenues for customer support, including phone, email, and live chat. This diverse range of support channels ensures users can seek assistance or address queries through their preferred communication method.

4. Accessible Minimum Deposit:

  • Opteck sets an accessible minimum deposit requirement, allowing traders with varying capital sizes to start trading on the platform. This lowers the entry barrier, making it feasible for users with different budgetary constraints to participate in trading activities.

5. User-Friendly Platform:

  • The platform boasts a user-friendly interface, simplifying navigation and trade execution for both novice and experienced traders. Its intuitive design aims to enhance user experience by providing easy access to essential tools and functionalities.


  1. Lack of Comprehensive Educational Resources:

  • Opteck falls short in providing comprehensive educational resources for traders. The absence of essential materials such as detailed guides, video tutorials, or live webinars can impede new users' learning curve, potentially hindering their ability to make informed trading decisions.

2. Limited Trading Tools and Analytics:

  • The platform lacks robust trading tools and in-depth analytics, which are crucial for traders in analyzing markets and making informed decisions. This limitation might restrict users from accessing advanced indicators or comprehensive market analysis tools.

3. Not Regulated:

  • One notable concern is the lack of regulatory oversight for Opteck. The absence of regulation from a financial authority may raise concerns about user protection and adherence to industry standards, potentially impacting users' trust and security on the platform.

Market Instruments

Opteck offers a diverse range of trading assets across various categories to cater to different investment preferences. Here's a concrete breakdown of the trading assets available:

1. Forex: Opteck provides access to a wide selection of currency pairs, allowing traders to engage in Forex trading. This includes major pairs such as EUR/USD, GBP/USD, as well as minor and exotic pairs. Traders can speculate on the price movements of these currency pairs, leveraging fluctuations in the foreign exchange market.

2. Indices: The platform offers opportunities to trade indices, representing a basket of stocks from a specific exchange. Traders can speculate on the performance of indices like the S&P 500, FTSE 100, NASDAQ, and others, allowing exposure to broader market movements rather than individual stocks.

3. Commodities: Opteck enables trading in various commodities such as gold, silver, crude oil, and other precious metals and energy resources. Traders can engage in speculation on the price movements of these commodities, providing diversification within their trading portfolio.

4. Cryptocurrencies: The platform also allows trading in cryptocurrencies via Contracts for Difference (CFDs). Users can speculate on the price movements of popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and other digital assets without owning the underlying asset. This offers an avenue for exposure to the volatile yet potentially lucrative crypto market.

Market Instruments

Account Types

At Opteck, traders have the choice between two distinct accounts: the Standard account, tailored for both beginners and experienced traders, offering leverage up to 1:100, competitive spreads from 0.8 pips, and no commissions, while the ECN account, designed for seasoned traders, features tighter spreads from 0.5 pips, a $7 commission per $100,000 traded, and requires a $1,000 minimum deposit, potentially appealing to traders seeking enhanced trading conditions and greater market exposure.

Standard Account:

The Standard account type at Opteck offers traders a balanced set of features tailored to both beginners and experienced traders. With leverage of up to 1:100, users have the potential to amplify their positions significantly compared to their initial investment. This account boasts competitive spreads starting from 0.8 pips, which can benefit traders by reducing costs for entering and exiting positions, potentially maximizing profits. One of the standout features is the absence of commissions, allowing traders to conduct trades without incurring additional fees. The minimum deposit requirement for the Standard account is set at $100, making it accessible to traders with varying capital sizes. Withdrawals from this account are free, ensuring seamless and cost-effective transactions.

ECN Account:

Opteck's ECN account type is geared towards more seasoned traders seeking enhanced trading conditions. With leverage of up to 1:100, users can increase their exposure in the market. The ECN account offers even tighter spreads starting from 0.5 pips, potentially providing more favorable trading conditions compared to the Standard account. Unlike the Standard account, the ECN account incurs a commission of $7 per $100,000 traded, which could impact overall trading costs. To open an ECN account, traders need a higher minimum deposit of $1,000, possibly attracting more experienced traders or those with larger capital.

How to Open an Account?

Here are the steps to open an account with Opteck:

  1. Visit Opteck's Official Website: Access Opteck's official website using a web browser.

2. Account Registration: Look for the “Sign Up” or “Register” option on the website's homepage. Click on it to initiate the account creation process.

3. Fill in Personal Information: Complete the registration form by providing accurate personal details such as your full name, email address, contact number, and residence details.

4. Verify Identity: Opteck might require identity verification for compliance purposes. Follow the prompts to submit necessary identification documents, such as a government-issued ID and proof of address. This step is crucial to verify your identity and ensure compliance with regulatory standards.

5. Choose Account Type: Select the type of account you wish to open based on your trading preferences, risk tolerance, and initial investment. Opteck offers different account types tailored to varying trading needs.

6. Fund Your Account: Once your account is verified and set up, proceed to fund your account using the available deposit methods offered by Opteck. Follow the instructions provided on the platform to make an initial deposit and start trading.

Remember to review all terms and conditions, as well as any specific requirements or steps specified by Opteck during the account creation process to ensure a smooth and successful account opening experience.


Opteck offers a maximum leverage of up to 1:100 for traders using their platform. Leverage allows traders to magnify the size of their positions compared to their initial investment. In the case of a 1:100 leverage ratio, traders can potentially control a position size that is 100 times larger than their deposited funds.

While leverage can amplify potential profits, it also significantly increases the level of risk. Higher leverage means that small price movements can result in larger gains or losses, and traders need to be cautious and implement risk management strategies effectively when trading with leverage. Opteck provides this leverage level to give traders the opportunity to potentially increase their market exposure and maximize trading opportunities, but it's crucial for traders to understand and manage the associated risks appropriately.

Spreads & Commissions

Opteck offers varying spreads and commissions based on the account type. Here are the detailed numbers:

Account Type Spread Commission
Standard Starting from 0.8 pips $0 (No commissions)
ECN Starting from 0.5 pips $7 per $100,000 traded

The spreads provided by Opteck are competitive and can vary based on market liquidity, volatility, and the specific assets being traded. While the Standard Account doesn't charge commissions, the ECN Account's tighter spreads are offset by the commission charged per trade. Traders should consider these factors when choosing an account type based on their trading preferences and cost considerations.

Trading Platform

Opteck utilizes the TraderSoft platform, which was originally designed for binary options trading and remains in use despite the shift to CFDs and forex. However, users have found it lacking for these newer offerings due to its simplicity and limited functionalities.

Interface and Information:

The platform's design is considered inadequate for CFD and forex trading due to its minimalistic interface. Traders often require comprehensive tools, charts, and market data to make informed decisions, which the TraderSoft platform lacks. It provides minimal information, hindering users from conducting in-depth analysis and research essential for these markets.


For CFD and forex trading, traders usually seek advanced features and analytical tools. However, TraderSoft doesn't meet these requirements, offering limited functionalities that may not cater to the diverse needs of traders. The platform's basic nature might lead to a suboptimal trading experience for those seeking more robust tools.

User Experience:

The platform's simplicity might affect user experience negatively. Traders often prefer intuitive and user-friendly interfaces with advanced charting, indicators, and customization options, which TraderSoft might lack. This can lead to frustration and inefficiencies in executing trades and managing positions.

In summary, while Opteck continues to use the TraderSoft platform, its suitability for CFDs and forex trading is considered insufficient. Traders might find it lacking in terms of features, information availability, and user interface compared to more advanced and comprehensive trading platforms available in the market.

Trading Platform

Deposit & Withdrawal

Payment Methods:

Traders using Opteck have access to a variety of payment methods for funding their accounts and making withdrawals. The available options typically include wire transfers, major credit cards, and a selection of online payment processors. These methods offer flexibility and convenience for users, allowing them to choose the most suitable option based on their preferences and location. However, it's important to note that the availability of specific payment methods may vary depending on the user's region and the platform's regulations.

Minimum Deposit:

Opteck generally sets a minimum deposit requirement for traders opening accounts. This minimum deposit amount typically falls within a reasonable range, providing accessibility to traders with varying capital sizes. The specific minimum deposit required by Opteck is $250. This initial deposit is essential to activate and fund the trading account and start engaging in trading activities on the platform.

Payment Fees:

Opteck typically does not charge fees for deposits made into traders' accounts. However, it's crucial to note that while Opteck itself might not impose fees for deposits, additional charges could be applied by the payment processors or banks facilitating the transactions. Traders should be aware of potential fees from third-party payment providers when making deposits or withdrawals.

Payment Processing Time:

Withdrawals with Opteck usually take between 3 to 5 business days to process. The specific processing time may vary depending on various factors, including the chosen withdrawal method and the user's location. Wire transfers might take slightly longer to process compared to other withdrawal methods, with a minimum withdrawal amount of $100. Traders should consider these processing times when planning their fund transfers or withdrawals to manage their trading activities effectively.

Customer Support

Opteck provides multiple channels for customer support, ensuring users can access assistance when needed:

Telephone Support:

Users can reach Opteck's customer support team via telephone at +35722007264. This contact number allows direct communication with representatives, offering a real-time option for addressing queries, technical issues, or concerns users might encounter while trading on the platform.

Email Support:

Opteck offers support via email at This email address serves as a means for users to communicate more complex inquiries or issues that may require detailed explanations or documentation. The email support option allows users to articulate their concerns and receive responses from the support team within a reasonable timeframe.

Live Chat:

The platform also provides a live chat feature, enabling users to engage with customer support representatives in real-time through the Opteck website. Live chat is a convenient option for users seeking immediate assistance or having quick queries, as it allows for instant communication and problem resolution without the need for phone calls or emails.

These various communication channels cater to different user preferences and the urgency of inquiries. Whether users prefer immediate interaction through phone calls, detailed explanations via email, or instant responses via live chat, Opteck aims to offer accessible and responsive customer support to address traders' needs and ensure a positive user experience on the platform.

Educational Resources

Opteck faces a shortfall in educational resources, impacting the learning curve for new users aiming to navigate the platform and trade cryptocurrencies effectively. Absent from Opteck's offerings are essential educational tools such as a comprehensive user guide, video tutorials, live webinars, and informative blogs. The absence of these educational materials can pose significant challenges for newcomers, hindering their understanding of the platform's functionalities and the intricacies of cryptocurrency trading.

This deficit in educational resources on Opteck creates hurdles for new users attempting to grasp the platform's nuances and engage in cryptocurrency trading. The absence of comprehensive guidance may lead to errors and financial losses, potentially discouraging new traders from actively participating in the market. This lack of support in educational materials not only complicates the onboarding process but also heightens the risk of suboptimal trading decisions, ultimately impacting users' confidence and potential success in the trading arena.


Opteck presents traders with a mix of advantages and disadvantages. On the positive side, it offers a diverse range of tradable assets and multiple payment methods, ensuring accessibility and varied investment opportunities. The platform also provides various customer support options and maintains a user-friendly interface, simplifying the trading experience.

However, Opteck falls short in terms of comprehensive educational resources, limiting new users' learning curve and potentially leading to trading challenges. Additionally, the platform lacks robust trading tools and analytics, hindering advanced market analysis. The absence of regulatory oversight further raises concerns about user protection and trust. Traders considering Opteck should weigh these aspects carefully based on their individual trading preferences and risk tolerance.


Q: What assets can I trade on Opteck?

A: Opteck offers a variety of assets including currency pairs, commodities, stocks, cryptocurrencies, and indices.

Q: How can I contact Opteck's customer support?

A: You can reach Opteck's customer support via telephone, email, or live chat available on their website.

Q: Is there a minimum deposit requirement on Opteck?

A: Yes, Opteck sets a minimum deposit requirement, making it accessible for traders, usually starting at $100.

Q: Does Opteck provide educational resources for traders?

A: Opteck offers some educational materials, but it lacks comprehensive resources like video tutorials or live webinars.

Q: What payment methods does Opteck accept?

A: Opteck accepts various payment methods including credit/debit cards, wire transfers, and select online payment processors.

Q: Is Opteck a regulated platform?

A: No, Opteck operates without regulatory oversight, which can be a concern for some traders regarding user protection.

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