Expert Option review
- Up to 95% Payout (Amount is credited to account in case of successful investment)
- Free No Deposit Demo Account
- Regulated SVGFSA
- Up to 100% bonus
- $10 min. Deposit
General risk warning: your capital is at risk
ExpertOption is a growing binary options broker that allows online trading of no less than 100 assets. With this broker, you have the opportunity to trade a wide range of currencies, stocks, commodities and cryptocurrencies. This broker operating under the company name EOlabs LLC is based in St. Vincent and the Grenadines and is regulated by the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA).
According to their website, the Expert Option App is one of the world’s most popular online trading apps on Google Play. Also, have functions like social trading. This broker has the ambition to become one of the best social trading networks, thanks to more than 55 million users who use their platform to trade online.
Although the offer seems attractive to many traders, can we trust ExpertOption? Is this a serious and trusted broker or just another online broker scam?
In this Expert Option review, I will give you all the information you should know about this broker.
Expert Option Trading Platform
Some brokers simply provide basic and pre-designed white label trading platforms that have nothing fancy to offer traders and can even impact performance and hinder order execution. Expert Option sets itself apart from classic white label brokers by developing its own personalized trading platform to meet the needs of traders from all over the world. This trading platform offers fast order execution, accurate price feeds and even allows you to trade in some assets like cryptocurrencies on weekends. All of these attributes are part of the benefits of trading on the Expert Option trading platform.
On the platform, the main chart is arranged in the middle of your screen and displays the prices of the selected asset in real-time. These charts also allow you to take notice of past prices by simply passing your cursor over the chart.
To select an asset to trade, there is a menu located at the top left of your screen. In this drop-down menu a search function and available to search for assets by name. You also have the possibility to search for assets by categories such as Forex Currency pairs, Stocks, Commodities or Cryptocurrencies. After selecting an asset to trade, you can adjust the expiration time of your options contracts from 60 seconds to 5 minutes.
Expert Option also gives you the possibility of modifying the location of the graphics of the trading platform. For example, you can display two or more graphs on your main screen.
On the side of the Trading tools and chartism available, ExpertOption gives you the possibility of using 8 different indicators, among which you would find the moving averages, the RSI, the Bollinger Bands, the MACD, the alligator, the fractal, Awesome Oscillator, and the parabolic SAR. This broker has 4 types of charts to analyze market trends on the platform such as candles, area, line, and bars.
In conclusion, the Expert Option’s trading platform is relatively intuitive and quite easy to use. This platform is perfectly suited to beginner traders while also offering advanced features that will suit more experienced traders as well.
Assets / Markets
This broker gives these clients the ability to trade as many as 100 popular assets and trade a wide range of assets such as stocks, currency pairs, commodities, and cryptocurrencies.
With this broker, you have the opportunity to trade a wide range of popular assets such as shares of Apple, Facebook, and Google companies, the most popular commodities on the market such as Gold, Silver, and Platinum. You would also find classic currency pairs that are widely traded around the world like EUR / USD, USD / GBP, and more exotic currency pairs as well as a range of different crypto assets like Bitcoin and Ethereum.
Cost / Fees
Registration on ExpertOption is completely free and does not charge any Spread or Fee. There are no fees associated with trading.
Expert Option App
Yous have the possibility to trade on your mobile devices such as your android and IOS smartphone or tablet. These applications are available for free from the Google Play Store or the Apple App Store.
You also have the option to directly download the Expert Option App via the Android .apk installer file from Expert Option’s official website.
Each app is popular and receives a lot of positive reviews in their respective app stores.
Thanks to this mobile trading application, you can make your deposits and withdrawals quickly, have free access to a demo account, and have the possibility of trading more than 100 assets under the best conditions that a mobile device can offer.
For those users who prefer to trade on large screens, the dedicated desktop application or the web version of Expert Option is perfect for online trading and will provide everything most traders need.
Expert Option Demo account
This broker allows these clients to open a free demo account with $ 10,000 in virtual funds to practice. Thanks to this demo account, you can test the trading platform and test different strategies without risking your money. With this broker, you can get a demo account without even registering.
An ExpertOption demo account will allow you to have an overview of what the platform offers and see if this trading platform is right for you. You can practice different strategies for free, familiarize yourself with the platform and get a general idea of your possibilities before you start trading with your own money.
Expert Option bonus offers and promotions
Expert Option is a broker that regularly offers bonuses ranging from 30% to 100% to new depositors. In the world of online trading, it is not uncommon for some brokers to offer welcome bonuses as a promotion to attract new traders to use their online brokerage service, and Expert Option also gives you a bonus on your first deposit.
Unlike most brokers, the use of the ExpertOption bonus does not affect the withdrawal of your funds. By accepting the bonus offered by Expert Option, you have the possibility of withdrawing your fund without the obligation of a mandatory transaction number or turnover.
Accepted countries and languages
It is not possible to open an account for clients from the United States and Canada as well as for traders resident in the European Economic Area. Traders from certain other countries are not admitted such as those residing in Switzerland, Israel, Singapore, Puerto Rico, New Zealand, Australia, Yemen, Bangladesh, Sudan, Vanuatu, and North korea.
ExpertOption however accepts traders from most parts of Asia, Africa and South America. Trader from India, Sri Lanka, Pakistan, South Africa, Nigeria, Kenya, Ghana, Zimbabwe, Egypt, Philippines, Indonesia, Malaysia, Vietnam, United Arab Emirates , Turkey, Brazil, Ukraine can open an account without restriction and fully enjoy the platform.
The Expert Option platform is adapted and translated into 15 different languages among which you would find English, Spanish, Portuguese, Chinese, Hindi, Korean, Thai, Vietnamese, Arabic, Turkish, Bahasa (Malaysian), Bahasa (Indonesian), and Tagalog.
Expert Option has a social trading function, which allows you to copy and view the investments of other traders. With this function, you can know which assets people are trading as well as the profits made by those traders.
Training and education
This broker provides educational resources that help to learn and understand the basics of digital options trading. These resources are in the form of video, market analysis as well as various webinars etc …
Technical analysis tools
Expert Option has a large set of technical analysis tools including eight indicators, four different types of charts, as well as trend lines that will allow you to better understand and carry out your technical analysis of the markets.
Expert option deposits and Withdrawals
Expert Option allows these clients to start trading with a minimum deposit of only $ 10 for opening a micro account. This is perfect for novice traders as well as to get acquainted with the world of online trading.
With this broker there is other type of account, below are the lowest deposit amounts for opening other types of account on Expert Option:
- Basic – $ 50 +
- Silver – $ 500 +
- Gold – $ 2,500 +
- Platinum – $ 5,000 +
ExpertOption allows the trader to deposit and withdraw their money with many payment methods, among which you can find major credit cards like Visa and Mastercard, electronic wallets like WebMoney, Skrill, Neteller, Perfect Money, Yandex Money, UnionPay, Fasapay and QIWI, as well as via cryptocurrency.
Withdrawals are processed almost instantly through cryptocurrency or electronic wallets.
The minimum amount you can withdraw is $ 10, before making a withdrawal you must first verify your trading account by providing the necessary documents. (proof of address and ID / passport)
Withdrawals are done through the same method it was used for depositing, your profits can be withdrawn with different means of payment such as electronic wallets such as; Skrill, WebMoney, Neteller, Perfect Money, with cryptocurrencies, and many more.
Safety and Regulation
ExpertOption is a regulated broker and in compliance with all applicable laws in place by FMRC. This broker is also fully regulated by the Vanuatu Financial Services Commission – VFSC.
At this broker, clients’ funds are stored in separate accounts in category A banks. The broker’s website is also in compliance with the standards to protect the sensitive information of their clients and has put in place web security protocols. HTTPS and SSL encryption.
The Expert Option customer support is available in two languages: English or Hindi. Customer service is available through various means of communication, including email, phone, live chat, or through their contact form.
You have the option of contacting customer services 24/7 via their mobile applications.
Below is the information for contacting customer support:
- English phone number: +44 20 3868 3160
- English email address: [email protected]
- Hindi phone number: 000 800 443 0002
- Hindi email address: [email protected]
Griffith Enterprise Center
B.P. Box 1510
Saint Vincent and the Grenadines
Conclusion: is ExpertOption a scam or not?
Expert Option is not a scam and is licensed by one of the most reputable regulatory bodies like the VFSC. ExpertOption and a perfect broker to start in the world of online trading with an account opening of only $ 10 as well as the possibility of opening premium trading accounts. This broker also offers a wide range of trading tools as well as customer support available 24/7.
To conclude, the Expert Option trading platform is a popular choice for online trading and offers traders of all levels excellent technical analysis tools to help you in your decision-making. Security of funds is assured and quick withdrawals make ExpertOption a top choice for traders who want to trade online on a reliable and popular trading platform.