Expert Option Review
In choosing a dependable broker, Reliability is an essential thing that you need to consider. Today, many dishonest brokers and frauds are happening on the internet. So, as a trader, we want to invest in a reputable brand. Expert Option is a broker that claims to be dependable, legitimate, and transparent. But how reliable is this broker? Let us check and find out in this Expert Option Review.
What is ExpertOption? Is Expert Option a regulated broker?
Beginning in 2014, Expert Option aims to provide its traders with a 100% transparent digital trading experience. The company has easy-to-use platforms and educational resources that are important in their trading journey. They commit to providing the best customer service, fast trading executions, and being a reliable broker for their traders.
Regulation is the most significant factor you need to be conscious of in choosing a broker. It only proves the broker has passed all the standards to operate legitimately. ExpertOption Ltd. is the broker’s full name and is regulated by the Vanuatu Financial Service Commission (VFSC). Its office is in Saint Vincent and the Grenadines at 1510 Kingstown, Suite 305, the Griffith Corporate Centre, with a registration number 22863. Also, the activities of this broker are controlled and approved by the Financial Market Relation Regulation Center (FMRRC). It is a non-government body for voluntary oversight in Russia. Therefore, we can say that the Expert Option is a regulated broker complying with multiple regulators.
Expert Option Review – Safety and Security of Clients’ Funds
Every trader’s top priority is the security of their investments. And the vision of the Expert Option is to provide transparent trading experience to their traders. The broker commits to provide exact quotes to its clients from real-time market data. And for the sake of security, the company is supported by Visa and MasterCard. And all the data processing is protected with the best in the industry data encryption. Also, the broker separates their client’s funds and puts their investment in the grade-A banks. Transparency is always the top goal of this broker. Therefore, we can say that the Expert Option is an honest and reliable Fixed Time Trading broker.
Deposit and Withdrawal Options
You can choose several payment methods with Expert Option. Expert Option offers more than 20 payment systems. Clients can use credit or debit cards that support Visa, MasterCard, Maestro, and UnionPay. And also electronic payment methods such as Neteller, Skrill, Perfect Money, FasaPay, and others. Also, Expert Option owns eo.finance, a platform for payments and funding transactions.
Mode of payment you can use are:
Wire Transfer, eo.finance, WebMoney, PayPal, QIWI, Yandex Money, Neteller, Skrill, UnionPay, PerfectMoney, Fasapay, ePayments, MasterCard/Visa, and Maestro.
EO.finance wallet is the Expert Option’s payment platform where you can buy Cryptocurrencies using Credit and Debit Cards.
It is an accredited crypto wallet supporting over 20 currencies and debit/credit card payments. It is a Cryptocurrency wallet that allows you to purchase Cryptos with authorization. You can buy the assets, transfer them to your wallet holdings, or even trade on other platforms. Clients can add funds using credit or debit cards and wire transfers. ExpertOption works with all crypto wallets and exchanges. Therefore, clients can use eo.finance for storing their funds.
THE EXPERT OPTION TRADING PLATFORM
ExpertOption is a leading online trading platform that offers a wide range of trading instruments and services to its customers. The company provides a variety of trading platforms to meet the needs of different traders.
The ExpertOption web-based platform is the most popular platform among traders. It is a user-friendly platform that is accessible from any web browser. It offers a wide range of features, including advanced charting tools, real-time market data, and a variety of order types. The platform also offers a range of educational materials to help traders improve their trading skills.
The ExpertOption mobile app is available for both Android and iOS devices. It offers a range of features, including real-time market data, advanced charting tools, and a variety of order types. The app also provides access to the company’s customer support team.
The ExpertOption desktop platform is designed for experienced traders who need more advanced features. It offers a range of features, including advanced charting tools, real-time market data, and a variety of order types. The platform also provides access to the company’s customer support team.
ExpertOption also offers a range of social trading platforms. These platforms allow traders to copy the trades of other successful traders. This allows traders to benefit from the experience of more experienced traders without having to do all the work themselves.
ExpertOption provides a range of trading platforms to meet the needs of different traders. The company’s web-based, mobile, and desktop platforms offer a range of features and services to help traders succeed. The company also offers a range of social trading platforms to help traders benefit from the experience of more experienced traders.
Free Charting tools and Analysis
Analyzing markets and its volatility is important for successful trading. Charting helps you understand how the market moves if it is either going up or down. With charting, you will see whether you should buy or sell. When volatility is high, the value can spread out over a wide range and price. It can change quickly in a short time in each direction it moves. The well-known charting style is candlestick charting, which most traders are using. Candlestick chart style defines the movements of the price of a financial chart.
It involves the derivative, currency price movement, and security. One candlestick represents one day, so for 24 candlesticks for 24 hours of a day. The Japanese candlesticks are rectangular bars with upper and lower lines. The red or green rectangle is the candlestick body, and the lines are the candle shadows.
These rectangles include the following:
- Open price- Is the price is at the beginning of the interval.
- High price- Is the maximum price.
- Low price- This is the minimum price during this interval.
- Close price- Is the price at the end of the interval.
Two kinds of candlesticks:
- Bullish Candle – Is a candlestick showing the price growth and an opening price, which is lower than the closing price.
- Bearish Candle- Shows the price fall and an opening price, which is higher than a closing price.
Many traders chose Candlestick analysis because of its simplicity. If traders can understand the basic rules of candlestick charting, then they may be able to predict the future price movement and receive an excellent trading result.
Expert Option’s Mobile trading platform
Expert Option traders enjoy mobile trading and have access to trade on all mobile devices. Mobile trading is the need of the hour as it offers a convenient on-the-go trading option for traders. It empowers the traders to trade whenever and wherever they want while connected to the internet. Expert Option has its custom-built platform which faster and better compared to other brokers in the industry. The traders enjoy lightning-fast trading execution and access to a wide range of trading. The trading platform is user-friendly and displays real-time live quotes. It has built-in advanced analytical tools on an easy to use interface. Download the Free ExpertOption trading platform by visiting GooglePlay (Android) or AppStore (iOS).
How does Expert Option Trading work?
To become a successful trader, one should know how to trade and what he/she wants to trade on. The focus of the Expert Option is on trading binary options. A binary option is a financial option where you can pay off some fixed monetary amount or nothing at all. First, you need to choose an asset that you want to trade. Then, select how much you want to invest in a single trade. Then, select the time when the trade should end. Finally, you have to predict whether the price will go up or down.
Always remember that binary options are complicated trades with a high level of risk. If you do not understand how it works, you might lose your funds. Hence, it is advisable to get a demo account first to avoid any unintentional trading executions.
Free Demo Account
You should get a free demo account first before trading in a real account. Trading requires high risk, and it may result in the loss of all your investments. If you do not understand it works, it is advisable to practice your trading strategies in a demo account.
Expert Option offers a free demo, which has $10,000 virtual funds. You can use it to practice trading executions without investing real money. Just go to the official website of Expert Option (https://expertoption.com/), it will take you directly to a demo account. If you are on the homepage, click on Try free demo, it will take you to the demo account.
Is Expert Option legal?
Well, it depends upon your country of jurisdiction. Expert Option does not accept traders from citizens and residents of the USA, European Economic Area, Canada, Switzerland, Israel, Australia, New Zealand, North Korea, Puerto Rico, Singapore, Indonesia, Yemen, Bangladesh, and Sudan.
Hence, ExpertOption is legal in the rest of the world except the countries mentioned above. However, you should know about the latest rules in your country before starting a business with ExpertOptions.
ExpertOption Account types
Micro and Basic Account – Expert Option allows their traders to choose what account suits them best. Micro has a $10 maximum deal amount, and Basic has $25. These two accounts are suitable for traders who want to start with small investments.
Silver Account – The next level of account is Silver Account, which includes free daily market analysis and research. The maximum deal amount is $250, and the maximum number of open deals is 15.
Gold, Platinum, and Exclusive have all the features and have the benefit of priority withdrawal. When it comes to Gold, Exclusive, and Platinum, these 3 have no limit within terms of a maximum number of simultaneously open deals. And for Gold, it has 30.
Here are accounts offered by ExpertOption:
- Micro- $10, and a maximum deal of $10
- Basic- $50, with a maximum deal of $25
- Silver- $500, and a maximum deal of $250, with daily market research and news.
- Gold- $2,500, and a maximum deal of $1,000, daily market news and research, increased asset profit 2%, and priority withdrawal.
- Platinum- $5,000, and a maximum deal of $2,000, daily market news and research, increased asset profit 4%, and priority withdrawal.
- Exclusive- invitation-only, with a maximum deal of $3,000, daily market news and research, increased asset profit of 6%, and priority withdrawal.
With Expert Option, registering an account is simple. You can use your social media accounts such as Facebook or Google account. All you need to do is to provide your active email address and create a password. Account deposits vary on which type of account you choose. A real trading account requires a $50 minimum deposit.
Expert Option Educational Resources & Customer support
ExpertOption has excellent customer support. The company strives to provide the best customer service. As a reliable broker, taking the extra mile for their clients’ needs is essential. You can contact the support through phone, email, and live chat. Check the contact details below.
Also, the company offers educational materials that can assist traders with their journey. You can find these useful materials, such as:
- Articles and explanations about technical analysis
- Graphical analysis,
- Fundamental analysis,
- The psychology of trading
- Trading strategies
The online chat is open 24/7. Also, you can contact the support team by sending an email by filling out the query form on the website. You can fill out the following information, your name, email address, phone number, and your message. An expert agent or customer support will get back to you soon.
Customer support and services are available in the following languages:
- Chinese (2 variations)
The expertOption platform comes with 15 languages, all these are also available for the web version of the platform. But, for phone support, only two languages are available, and these are English and Hindi.
Fees and cost
ExpertOption does not charge commissions on transaction fees. But, the payment system you might use may charge a commission. The minimum deposit is $50, and there are no hidden fees.
Accepted and Forbidden Countries
Expert Option does not provide services to citizens and residents of the United States of America, Canada, Switzerland, Israel, New Zealand, Australia, North Korea, Puerto Rico, Singapore, Bangladesh, Vanuatu, Yemen, all over the European Economic Area, and Sudan. It is due to regulations and legal matters in these countries that restrict Binary Options and Digital Options in these countries.
Expert Option is a legitimate broker. The broker offers more than 100 assets to trade on and has an easy to use platform. You can use the platform in any device, and with the mobile trading app, you can trade whenever and where you are. The company values transparency as well as the trust of its clients. The minimum deposit to start trading in a real account is $10, and there are no hidden fees. This broker offers lightning speed trading execution. It is always ready to assist you with your trading journey. Therefore, we can conclude that this broker is reliable and trustworthy.