Expert Option Review
Expert Option is a binary options broker founded in 2014. This online broker has acquired a loyal following over time, and has earned a reputation as one of the most reliable and worthy binary options trading platforms. of confidence.
ExpertOption won the “Best Trading Platform” award at the China Trading Expo held in Shenzhen, in May 2017. This Expert Option Review will discuss whether ExpertOption can be trusted and how to determine if it is the right platform.
Expert Option quick overview
|💻 Trading platform||ExpertOption has its own website platform, iOS and Android app|
|📊 Types of accounts:||Demo, Micro, Bronze, Silver, Gold, Platinum, Exclusive|
|💰 Currency for account:||USD|
|💵 Deposit/Withdrawal||Visa Debit, Visa Electron and MasterCard cards, Cryptocurrencies|
|🚀 Minimum deposit:||10 USD|
|📈️ Minimum Order||Minimum investment: 1 USD|
|🔧 Instruments:||100+, Forex and Commodities, Stocks and Cryptos|
|➕ Affiliate Program:||Yes|
|⭐ Trade features||Copy Trading|
|🎁 Bonuses and contests:||Yes|
(General risk warning: your capital can be at risk)
Summary of Expert Option
The ExpertOption broker is regulated by the SVGFSA financial market regulator. This broker offers its clients many advantages over some of its competitors in the binary options market.
Among these advantages, we can notice that this broker offers the possibility of opening a trading account with a low minimum deposit, it offers a trading platform with unique features, has a fast customer support team, zero transaction fees, and also offers high-quality educational materials. Like most brokers, Expert Option also has its drawbacks. This broker does not accept traders from different regions such as the United States, Canada or the EU. However, Expert Option is an excellent broker for trading binary options.
Expert Option Overview
|Headquarters||Kingstown, Saint Vincent and Grenadines|
|Bonus||Up to 100%|
|Deposit Methods||Wire Transfer MasterCard/Visa/Maestro, PayPal and Yandex Money.|
|Instruments||Fixed Time Trades|
|Platforms||Web, Windows, Android, iOS, MacOS|
|Assets||Stocks, Commodities and Forex.|
|Number of assets||100+|
|Types of accounts||Micro, basic, silver, gold, platinum, exclusive|
|Time for Withdrawal||2 to 5 Days|
|Customer Support||Chat, phone number and email|
|Languages||English, Hindi and Chinese (2 variations), Thai. Indonesian, Malaysian. Filipino. Korean. Spanish. Portuguese. Arabic.|
|Trade between the UK and US||Not Accepted|
Both the pros and cons
ExpertOption offers many advantages, but this could be a deciding factor for some. So here is a list of the main advantages and disadvantages of this broker
|Material of high quality||No MetaTrader platforms|
|Low minimum deposit||It doesn’t accept many countries, such as the USA, Canada and EU.|
|Free demo account|
|You don’t need to give any personal information when creating a demo account|
|Excellent customer service available 247|
|There are no transaction commissions and fees|
|Designed platform that is easy to use and highly functional|
|There are many cryptocurrencies to choose from|
Here is a comparative table allowing you to compare ExpertOption with its main competitors so that you can easily get an idea of the broker.
|Broker||Expert Option||Olymp Trade||Binance||IQ Option|
|Inactivity fee||Yes||Yes||No||Yes, for 90 days|
|Minimum Trade||$1||$1||$10||0.001 Lots|
|Platforms||Web, Windows, Android, iOS, macOS||Web, Windows, iOS, Android||Web, Windows, iOS, Android||Web, Windows, macOS, Android, iOS|
The Vanuatu Financial Service Commission (VFSC), license number 15014, regulates ExpertOption. Financial Market Relationship Regulation Center oversees and approves this broker’s operations (FMRRC). This Russian non-governmental organization offers volunteer monitoring.
ExpertOption’s platform makes it easy to use. It also offers educational material that allows clients to utilize powerful analytical tools to make better business decisions. It provides traders with fast trade execution and an accurate feed.
ExpertOption’s platform is customizable and can be customized to meet the needs of every client. ExpertOption’s features can be integrated on any device, no matter if the user trades from a desktop or a mobile device.
ExpertOption offers these clients a simple and intuitive trading platform allowing the trader to trade with everything he needs. Expert Option also offers the ability to use a feature called Copy Trading, which allows clients to select different trader to copy, track their profit/loss and copy their strategies to maximize profits.
|Android Trading App||Yes|
|iOS Trading App||Yes|
|Microsoft Trading App||Yes|
The expert option broker also has a mobile application for online trading during your travels. The ExpertOption mobile app has the same features as the desktop platform, allowing you to trade a wide range of stocks and over 100 assets. This mobile trading application is perfect for traders on the move who do not want to lose any market opportunities. The mobil Expert Option app offers fast trade execution and provides live, real-time quotes with no latency.
You can use Expert Option both through desktop applications as well as through mobile applications. The Expert Option mobile app is available for free for iOS and Android devices. You can download it directly from the Google Play Store and the Apple Store or from the official Expert Option website. The broker’s desktop application works on both Windows and Mac computers.
For people who don’t like downloading software to their computer, you also have the option of accessing the platform from any device that has an internet browser. To trade, you don’t need to download any software.
Types of accounts
Expert Option makes it simple and easy to create an account. You can also sign up using your Google or social media accounts. You only need to create a password and provide an active email address. You will need to deposit different amounts depending on which account you want to open. However, ExpertOption requires a $50 minimum deposit to be considered a real account. Here is a list of six accounts that Expert Option offers.
|Type of account||Micro Account||Basic Account||Silver Account||Gold Account||Platinum Account||Exclusive Account|
|Daily Market Reviews and Research||No||No||Yes||Yes||Yes||Yes|
|Increased Asset Profit||0||0||0||2%||4%||6%|
|Maximum Deal Amount||$10||$25||$250||$1000||$2000||$3000|
|Maximum number of deals open at the same time||10||10||15||30||Unlimitable||Unlimitable|
Types of Account
Expert Option offers six types of accounts. Here is a brief overview of each.
Expert option offers the possibility of opening a free demo account, this demo account is perfect to be able to discover the platform by yourself as well as to be able to test the platform before investing real money. Expert Option demo accounts are completely free and allow you to trade with $10,000 in virtual funds. You can open an Expert Option demo account without even having to register.
Opening an Expert Option demo account allows customers to get a general idea of the platform and discover all the features offered by the real account. This allows you to test the platform without having to deposit any money before you decide if the platform meets your needs.
The no-deposit demo account provided by the broker is an interesting feature because you can quickly test the platform without having to provide documents that are normally required for opening a real account. This saves you time and also means that the broker will not contact you to push you to deposit money to open a real account. This indicates that Expert Option is serious and has great confidence in its offer.
The Expert Option micro account is perfect for traders who do not have a lot of capital to start trading as well as for traders who want to test the platform with a small amount. To open a Micro account you need to make a minimum deposit of just $10. The minimum trade size is $1, which means you can make 10 trades with a 10$ deposit. Opening a micro account also allows you to benefit from access to educational materials, however, access to daily market reviews and financial research will not be granted to you.
Opening a basic Expert Option account starts with a minimum investment of $50 and limits the maximum investment size to $25 per trade. The Expert Option basic account is also limited to 10 simultaneous trades, however you get access to all educational materials and market reviews. You can upgrade to a higher level subscription at any time if you wish to obtain more advantages or functionality that are not available on this type of trading account.
To be able to open an Expert Option Silver account, clients must make an initial deposit of $500, which is the minimum required for this type of trading account. You benefit from all the functionality of the micro and basic accounts with access to daily market reviews, financial research and educational material. This type of ExpertOption account gives you the opportunity to trade with a maximum limit of $250 per trade.
Expert Option Gold accounts are trading accounts that allow you to benefit from all the advantages of Silver and Basic accounts, and also offer other advantages not available for Micro, Basic and Silver accounts. Opening a Gold Expert Option account starts from a deposit of $2,500. The advantages offered by this type of account include priority processing of withdrawals and a profit increase of 2% on each transaction. This type of account also allows you to trade with a maximum trade amount of $1,000 per trade.
VIP traders will appreciate the advantages offered by Expert Option Platinum accounts. To open this type of trading account, traders must make an initial deposit of $5,000. These accounts have all the benefits of the previous accounts, plus no restrictions on the number of transactions you can make at the same time. As well as the possibility of investing up to $1,000 per transaction.
This type of account is not open to everyone. These are the most prestigious type of account at Expert Option, opening these trading accounts is by invitation only. Clients with this type of exclusive account get even more advantage with a profitability boost of up to 6% more per trade, the possibility of getting a personal manager and the possibility of investing up to $5,000 per trade.
There are many deposit methods available
Expert Option offers many deposit options. The complete list is here:
- Wire Transfer
- Yandex Money
- Perfect Money
ExpertOption has a wide range of cryptocurrencies, which are all listed below.
- Bitcoin Cash
- Bitcoin Gold
- Ethereum Classic
Deposit and Withdrawal
ExpertOption has made it easy to make deposits and withdrawals quickly. Plus, you have the option to choose from more than 20 payment methods for your convenience. Customers can make their payments using MasterCard, Visa credit/debit cards for their convenience. Integration with payment systems such as Skrill, Neteller, FasaPay and Perfect Money is possible, allowing you to also use other electronic payment methods. ExpertOption offers eo.finance which can be used for financial transactions and payments. This provides a great way to manage your funds quickly and conveniently.
ExpertOption demands that you submit identification documents in order to process any withdrawal transactions. This is a security measure that protects your account against being hacked. ExpertOption’s payment processing is free of any commissions or fees.
ExpertOption accepts all payment methods, including credit cards and e-Wallets. You must withdraw cash from the account using the same payment method you used to open your account until you have withdrawn your initial investment amount. You can choose a different payment option for any remaining funds if desired. This is a popular practice among brokers as it lowers the risk of money laundering.
The minimum withdrawal amount in Expert Option is $10. Most requests can be processed within two business days. ExpertOption may require additional documents depending on the type of withdrawal. ExpertOption can scan these documents. In this instance, ExpertOption will email you to request the documents.
ExpertOption’s minimum deposit is $10 for a micro account and $5,000 for a Platinum account.
Deposits are possible with most credit and debit cards including MasterCard, Visa, Maestro, and Maestro. You also have other options, such as UnionPay, WebMoney and Neteller, Skrill or Perfect Money, QIWI/Fasapay, Yandex Money, and Skrill.
Here’s a list of each deposit:
|Type of account||Micro||Basic||Silver||Gold||Platinum|
ExpertOption offers eight indicators, four types of charts and trend lines. The Analytics page of ExpertOption allows you to access additional resources. There is a tab for important news, followed by tabs for Assets and Stocks. The Stocks page displays a map of the world with different time zones, which shows all supported stock exchanges.
To get a quick overview of any stock, click on it. This will give you information about the headquarters, founding year, working hours, and revenue.
ExpertOption knows that its clients need to make wise decisions when trading. That’s why they have carefully crafted helpful educational content like articles and videos on their Education page. Check it out for a clearer understanding of trading. Expert Option offers a range of educational services including glossaries, trading psychology insights, technical and fundamental analysis, as well as trading strategies. Besides this, you can also join their online webinars, access video tutorials, and gain daily market analyses.
ExpertOption offers educational materials on a variety of topics, including trading strategies such as Engulfing Candlestick, Tweezers, and Squat Candlestick. They also include in-depth explanations and accompanying charts for each strategy.
Technical analysis guides typically incorporate Bollinger Bands, Trend lines, Support and Resistance levels, and Moving Averages amongst others. For a more comprehensive understanding of the market, Alligator also offers in-depth guides that include detailed descriptions, charts, graphs and application instructions. These guides provide a comprehensive overview of the market. Graphic analysis topics encompass different patterns, such as Trend Continuation and Trend Reversal, which can be explored when learning fundamental analysis. To help with the process, one can utilize teaching resources, such as a guide to basic indexes.
This section is particularly interesting because it is not available by many brokers. Topics include Trader Psychology, Successful Traders, and Individual Trading Psychology.
Trading psychology is often underestimated in the world of trading, yet it has the potential to make or break a trader’s success. This section dives deep into trader psychology, successful traders, and individual trading psychology to give traders a better understanding of how to make informed decisions with their trades. With insights from this section, brokers can provide their clients with valuable knowledge to help them become successful in their trading efforts.
ExpertOption is a free and easy-to-use platform for trading. With no registration fee, ExpertOption provides traders with access to a wide range of financial markets and assets. Traders can trade in stocks, commodities, currencies, indices, and more from the comfort of their own homes. With advanced tools and features such as charting, analysis, and automated trading strategies, ExpertOption makes it easier than ever for traders to maximize their profits with minimal effort. Trading comes expense-free, apart from the commission you gain from successful trades. However, a payment method or an associated payment processing service might charge you additional fees.
Commissions & Spreads
Expert Option has a commission of $5 for each successful trade. Brokers can make up to 5% of all successful trades through this system. Compared to the industry standard (reaching up to 15%), Expert Option spreads have the potential to be much lower, coming in at only 0.01 points. The account type you select will determine the spreads and values. Spreads may vary due to market changes at times.
ExpertOption is introducing a great new offer for first-time depositors – 100% bonuses! Don’t miss out on this incredible opportunity to maximize your first deposit.
If you are looking to get the most bang for your buck when trading on ExpertOption, then now is the time to act! For a limited time, all first-time depositors will receive a 100% bonus on their deposit. This means that you can double your money and trade with more confidence. So don’t wait—take advantage of this incredible offer now!
Expert Option trading bonus has become a popular choice for traders looking to capitalize on their investments. This bonus was created in response to the high demand for a reliable source of income that could be used for trading. The bonus structure is designed to be simple and straightforward, giving traders the freedom to invest without any hassle. With the help of this bonus, traders can increase their profits and minimize their risk.
Trading can be made a lot easier with this solution, meant to gives traders the extra edge they need to get started. Traders can receive a 100% bonus when they make a deposit of $30 or more. You can avail the bonus within an hour of setting up an account.
ExpertOption bonuses do not affect your withdrawal process, unlike other brokers. You can withdraw your money without any associated concerns or complications.
ExpertOption makes it easy for you to manage your money. Unlike other brokers, ExpertOption bonuses do not affect your withdrawal process. You can withdraw your funds without any complications or concerns, ensuring that you always have access to the funds you need. What’s more, the platform offers a range of bonuses that can help increase your potential profits and minimize risk. With ExpertOption, you can be sure that managing your money is worry-free and secure. You don’t need to worry about restrictions on your withdrawals when you accept a bonus. Traders already on the platform can also avail of a variety of bonuses, albeit at different percentages than first-time users.
Expert Option has variable leverage levels, which are determined by the type of trades the investor plans to make. Most foreign exchange pairs like EURUSD have a leverage setting of 1:30. This is the standard leverage that European regulatory authorities have set as a specific benchmark that all brokers with a license must comply with. This standard is obligatory and applies to all European brokers. Traders can maximize their returns by investing in minor forex pairs such as EURNOK and AUDCAD with leverage of 1:20. Expert Option offers leverage of up to 500:1 for other trading activities.
ExpertOption made it clear that their customer service is their top priority.
ExpertOption is a leader in customer service. They have made it their mission to provide the best customer service experience possible and prove that they are dedicated to listening, understanding and responding to their customers. From 24/7 support, quick response times, and helpful resources, they have gone above and beyond to ensure that their customers get the help they need in a timely manner.
Expert Option customer service team is available for contact through phone calls, emails and/or live chat. For your convenience, customer service is accessible online 24/7, giving you round-the-clock support. An impressive team of more than 100 account managers at the broker enables them to offer personalized service to their customers. ExpertOption promises to offer speedy services through its own platform, ensuring customers have the best experience possible.
To send an email, simply fill out the query form available on the website. To get started, please provide your name, address, phone number, and your message in the form. An experienced representative will get in touch with you. Moreover, if desired, you can contact ExpertOption via their provided telephone number. If you’re interested in a specific country, then ExpertOption is the one to call. With their expertise, they can provide the best options to suit your needs. Phone operators have different fees and charges for the country, which will be applied to all outbound calls. Such fees may vary based on the provider.
ExpertOption’s customer service is accommodating and can be accessed in a multitude of languages. These include English, Hindi and Chinese (2 variations), Thai. Indonesian, Malaysian. Filipino. Korean. Vietnamese. Spanish. Portuguese. Arabic. ExpertOption’s website offers multiple language options, whereas their mobile app only has support for Hindi and English.
- English Phone Number: +44 20 3868 3160
- Hindi Phone Number: 000 800 443 0002
- English Email Address: firstname.lastname@example.org
- Hindi Email Address: email@example.com
Expert Option is a Scam?
ExpertOption is legitimate and trustworthy; it does not engage in any scam or fraudulent activities. ExpertOption provides an ideal platform to venture into online trading without incurring much cost. It’s a great way to get the ball rolling in this investing space. Whether you’re a beginner or an experienced trader, they have something to suit everyone’s needs. They provide micro trading accounts with low deposits as well as more premium accounts with more advanced features. Customers enjoy the top-tier customer service and numerous trading tools provided by them.
Expert Option is an authorized broker and monitored under the VFSC regulations. Rest assured, this broker is legitimate and holds a valid Financial Market Regulatory Commission (FMRC) approval. Put your trust in them with complete peace of mind. ExpertOption offers a secure platform for trading and a wide range of account options.
Expert Option ensures safety and security of payments with Visa SecureCode and Mastercard status. Moreover, it is Cert Trusted and PCI DSS Compliant, adding another layer of protection to your transactions. All data is protected with the latest cryptographic algorithms, while SSL encryption is enabled on the website. It ensures that all information passing through it remains encrypted with AES256 encryption technology.
You can make sure you’re accessing a secure website by looking for the lock icon near the URL in your web browser. Plus, Expert Option takes an added precaution by using an https:// address instead of the usual http://
In May 2017, ExpertOption was named the winner of the Best Trading Platform award at China Trading Expo Shenzhen – a testament to their capabilities in the trading world.
ExpertOption’s trading platform is designed to be user-friendly and enables traders to invest in different kinds of financial assets. It has a straightforward interface that enables traders to take full advantage of the market. Traders have the opportunity to make use of various trading tools and acquire knowledge through educational materials. The Expert Option trading platform boasts an extremely helpful customer support team, which provides an added advantage to traders. There are several different trading accounts available, with the minimum investment being just $10. Sadly, customers from the US, Canada and EU cannot open an account with Expert Option at this time. Whether you’re a novice or an experienced trader, this broker offers great options for everyone.
(General risk warning: your capital can be at risk)
FAQ about ExpertOption
Is ExpertOption is safe?
Trading with ExpertOption is secure as it has been authorised by the FMRC, eliminating the worry about scams. Furthermore, plenty of account options are available to cater to different needs, providing an extra layer of safety and reliability.
Is Expert Option legal in India?
Expert Option is a well-known trading platform in India and, yes, it is legal. The company is an international online broker and business that caters to Indian customers; therefore, the government does not have any issues with it.
How do I contact ExpertOption the fastest way?
ExpertOption provides multiple ways to reach out for assistance – from phone to email and chat. You can opt for whichever mode of communication you prefer and get a swift response. Calling on the phone might be a quicker way to sort out any inquiries you have. Alternatively, emailing or using the online chat might be easier if you don’t need an immediate answer.
Does Expert Option Offer Leverage
Expert Option gives you leverage of up to 1:1500, which is a High leverage for your trading activities.
How is Profit Calculated at ExpertOption
Short therm binary options trade on Expert Option offers the potential to generate returns of up to 95% of your initial investment. The profit potential is greatly dependent on the prevailing market conditions.
Expert Option charges a commission?
Expert Option does not levy any commissions nor fees for deposits or withdrawals. It does not maintain a spread list or charge.
How can I close my ExpertOption Account?
If you want to close your account, you can contact the Client Support Department via email at help expertoption.com.
(General risk warning: your capital can be at risk)
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