Expert Option Review

Expert Option Review Introduction

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. 

Who is Expert Option? – 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.

ExpertOption Review

Expert Option Account types

Expert Option is a platform that offers a variety of account types to cater to a wide range of financial situations and investment goals. Each account type comes with its own minimum deposit requirement and a set of features tailored to the needs of a specific client category.

  • Micro Account: This account type is the most basic one, requiring a minimum deposit of just $10. It is perfect for beginners or those who wish to start trading with a small investment. Despite its low deposit requirement, the Micro Account still provides access to the platform’s essential trading features.
  • Basic Account: The Basic Account requires a minimum deposit of $50. Ideal for novice traders, this account offers a step up from the Micro Account with access to more features and trading tools.
  • Silver Account: With a minimum deposit of $500, the Silver Account is suitable for intermediate traders. It offers an expanded list of trading tools and features, including the availability of an account manager and educational materials to help improve trading skills.
  • Gold Account: This account type is designed for more experienced traders, with a minimum deposit requirement of $2500. The Gold Account offers advanced functionalities, including priority withdrawal and a personal account manager.
  • Platinum Account: The Platinum Account is for serious, high-volume traders, requiring a minimum deposit of $5000. It offers all the benefits of the Gold account, plus some additional exclusive features and benefits to enhance trading performance and profitability.
  • Exclusive Account: This is the highest level of account offered by Expert Option, accessible by invitation only. It is designed for VIP traders, offering personalized services, top-tier features, and access to special trading conditions. The minimum deposit requirement for this account is not publicly disclosed and might vary based on the individual trader’s circumstances.

Expert Option 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 demo account 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.

expert option account types

Available Instruments

  • Forex Trading: This is the most popular instrument in Expert Option. It involves the trading of global currencies such as USD, EUR, GBP, and others.
  • Stocks: Expert Option provides users with the opportunity to trade stocks from some of the world’s biggest and most successful companies, such as Apple, Google, Amazon, and more.
  • Cryptocurrencies: Users can trade a wide variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others.
  • Indices: These are a popular type of derivative that allows traders to speculate on the price movements of an entire index, such as the S&P 500.
  • Commodities: Expert Option also offers the chance to trade commodities like gold, oil, silver, and others.
  • ETFs: Exchange-traded funds are a type of investment fund and exchange-traded product, with shares that are tradable on a stock exchange.

Remember that trading these instruments carries risk and you should only trade with money that you can afford to lose. Always seek advice from a financial adviser if you are unsure.

Expert Option Deposit Options

Expert Option provides several ways for users to deposit funds into their trading accounts. These options can include:

  • Credit/Debit Cards: This is a common method for depositing funds. Expert Option supports major cards such as Visa, MasterCard, and Maestro.
  • E-Wallets: Expert Option supports several e-wallets including Skrill, Neteller, Perfect Money, and WebMoney.
  • Cryptocurrencies: Expert Option also allows users to deposit funds using cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

Expert Option Deposit

The processing time for deposits can vary depending on the method used. For most deposit methods, the funds are usually available in the user’s trading account instantly or within a few hours. However, in some cases, it may take up to a few business days for the deposit to be processed. The Expert Option minimum deposit also varies per account type.

Expert Option does not charge any deposit fees, which means users can deposit any amount they want without worrying about any additional costs. However, users need to check with their bank or e-wallet provider as they may charge a fee for transferring funds.

Remember, the deposit methods, processing time, and fees can vary depending on the user’s country and the specific policies of Expert Option. Therefore, it’s always a good idea for users to check the specific details on the Expert Option platform or contact their customer support for the most accurate information.

Expert Option Withdrawal Options

  • Credit/Debit Cards: Expert Option allows withdrawals to be made directly to your Visa or MasterCard. Typically, withdrawals to credit or debit cards take 3-5 business days to process.
  • E-Wallets: The platform supports a variety of e-wallets, including Skrill, Neteller, WebMoney, and others. Withdrawals to e-wallets are usually processed within 24 hours.
  • Cryptocurrency: You can also withdraw your funds in the form of Bitcoin or other cryptocurrencies supported by the platform. The processing time for cryptocurrency withdrawals can vary, but it’s typically faster than traditional banking methods.

Expert Option doesn’t charge any withdrawal fees. However, your bank or e-wallet provider may charge a fee for receiving funds. It’s best to check with your bank or e-wallet provider to understand any potential charges.

The Expert Option minimum withdrawal amount is $10, regardless of the withdrawal method chosen. This low minimum withdrawal amount makes it accessible for traders of all levels.

It’s important to note that before you can make a withdrawal, Expert Option requires you to verify your account. This involves providing a copy of your passport or ID, a copy of a utility bill to confirm your address, and a copy of both sides of your credit card if that’s your chosen withdrawal method. This is a standard procedure designed to prevent fraud and ensure the security of your funds.

EO.FInance

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.

expert option fund withdrawal

THE EXPERT OPTION TRADING PLATFORMs

Expert Option Trading Platforms provide an array of platforms to cater to the various needs of the traders. These platforms are designed to offer a seamless trading experience and are equipped with advanced features and tools to help traders make informed decisions.

  • Web-based platform: This platform can be accessed directly from the web browser without any need for download or installation. It offers a user-friendly interface and a range of features such as real-time quotes, technical analysis tools, and comprehensive charts. This platform is ideal for those who prefer trading directly from their desktop or laptop.
  • Desktop App: Expert Option also offers a downloadable desktop application for traders who prefer a standalone trading platform. The desktop app provides a more robust and stable trading environment with quicker execution time. It features a customizable interface, advanced charting tools, and a host of other features to aid in the trading process. It is available for both Windows and Mac users.
  • Mobile App: Recognizing the need for on-the-go trading, Expert Option has also designed a mobile application. This app is compatible with both iOS and Android devices. It allows traders to access their accounts, monitor the markets, and execute trades directly from their smartphones or tablets. The mobile app features a simple and clean interface, real-time quotes, comprehensive charts, and a full set of trading orders. It’s perfect for those who want to trade anytime, anywhere.

All these platforms are secured with top-notch security measures to ensure the safety of user’s personal information and funds. They also offer a demo account feature which allows new traders to practice trading without risking any real money.

Expert Option Trading Platforms

Expert Option Trading Tools

Expert Option is a trading platform that offers advanced charting tools and analysis features for users. This allows traders to make more informed decisions based on real-time market data.

Charting Tools

Expert Option provides a variety of charting tools to help traders visualize market trends and patterns. These tools include line charts, bar charts, candlestick charts, and area charts. Users can customize these charts according to their trading strategies and preferences.

  • Line Charts: They display the closing price for a specific period.
  • Bar Charts: They show the opening and closing prices, as well as the highs and lows for a specific time.
  • Candlestick Charts: They provide the same information as bar charts but in a more visual format. The ‘body’ of the candlestick represents the range between the opening and closing prices, while the ‘wick’ shows the highs and lows.
  • Area Charts: They highlight the area between the line chart and the x-axis, making it easier to see the overall trend.

Analysis Features

Expert Option also offers various analysis features to help traders make more strategic decisions. These include technical indicators, drawing tools, and social trading features.

  • Technical Indicators: These are mathematical calculations based on the price, volume, or open interest of an asset. They help traders predict future price movements. Expert Option offers various technical indicators like moving averages, Bollinger Bands, MACD, and RSI.
  • Drawing Tools: Traders can use these tools to mark important price levels, draw trend lines, or highlight specific patterns on the charts. This can help traders identify potential entry and exit points.
  • Social Trading Features: Expert Option allows users to follow and copy the trades of successful traders. This can be especially useful for beginners who are still learning the ropes.

In summary, Expert Option’s charting tools and analysis features provide a comprehensive suite of resources for traders of all levels. Whether you’re a seasoned trader or a beginner, these tools can help you navigate the markets more effectively.

Education Resources

Expert Option Education Resources refer to a comprehensive set of tools and materials provided by Expert Option, a professional trading platform, to educate its users about various aspects of trading. These resources may include:

  • Tutorials: Step-by-step guides that help new users understand how to use the platform and make their first trade.
  • Webinars: Live online events where experienced traders share their strategies and insights. These webinars often include Q&A sessions, allowing participants to interact with experts.
  • E-books: Comprehensive digital books that cover various topics related to trading, such as risk management, technical analysis, and trading psychology.
  • Video Lessons: Pre-recorded video lessons that users can watch at their own pace. These lessons typically cover specific topics in depth.
  • Articles: Written content that provides insights and tips on various aspects of trading. These articles may cover news, trends, and strategies.
  • FAQ Section: A section dedicated to answering common questions about the platform and trading in general.
  • Glossary: A list of common trading terms and their definitions.
  • Practice Account: A demo account where users can practice trading with virtual money before they start trading with real money.

These resources aim to enhance users’ knowledge about trading, help them develop their strategies, and ultimately, increase their chances of success in the trading market. They are often designed to cater to both beginners and experienced traders.

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, Expert Option 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 Expert Option.

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.

Expert Option is a legal broker

Expert Option Review – CONCLUSION

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.