Broker Name: ExpertOption
Return/Refund: up to 95% *Return and 0 to 10% Refund (Amount to be credited to account for a successful trade)
Countries Not Accepted: United States, Canada, Switzerland, New Zealand, Australia, Israel, European Economic Area, Japan, Sudan, and Puerto Rico.
Number of Assets: over 100
Regulated: Yes, Licensed
Demo Account: Yes
Deposit Options: Credit card, wire transfer, UnionPay, WebMoney, Skrill, Neteller, Perfect Money, Yandex Money, Fasapay, and QIW.
Language:English, Chinese, Hindi, Korean, Thai, Vietnamese, Spanish, Arabic, Turkish, Bahasa (Malaysian), Bahasa (Indonesian), Portuguese, Tagalog, and Polish.
Minimum Deposit: $10
ExpertOption TRADING PLATFORM
ExpertOption is a binary option trading platform that offers over 100 different financial assets to trade including currencies, stocks, commodities, and cryptocurrencies. Located in Port Vila, Vanuatu, ExpertOption is regulated by the Vanuatu Financial Services Commission with license number 15014.
This broker has been around since 2014 and has over 13 million accounts opened since that time. With over 100 account managers, ExpertOption is one of the most popular and well known binary options platforms available.
Unlike other brokers that use turnkey platforms, ExpertOption developed its own custom platform to cater to the needs of their clients. Lightning fast execution, accurate price feeds, and weekend trading are all advantages of the ExpertOption platform.
Once inside the platform, the biggest focus will be the main graph in the middle, which shows the prices of your chosen asset in real-time. You can hover your mouse at any point in the graph to see the previous price at any point.
A very useful feature of Expert Option is the ability to adjust your chart layouts. For example, you can split the chart layout so you can view two different markets at the same time.
ExpertOption has 8 different indicators that you can use including Moving Averages, RSI, MACDs, Bollinger Bands, Parabolic SAR, Alligator, Fractal, and Awesome Oscillator. Expert Option also has 4 different chart types you can choose from including Area, Line, Bars, and Candles.
Overall, ExpertOption has an excellent trading software that is easy enough for beginners while also offering enough features to please even the most experienced traders.
The ExpertOption platform is accessible via mobile and desktop apps. Their mobile app is available in iOS and Android and can be downloaded at the Google Play Store or Apple Store. The desktop app is compatible with Windows or Mac.
Alternatively, you can access the ExpertOption platform on the web without using any app. There is no software download required in order to start trading.
Expert Option offers six types of accounts. Here’s an overview of each one.
The micro account offered by ExpertOption has a minimum deposit of just $10. However, the maximum trade is just $10 and you can only have 10 simultaneous trades at any given time. You will get access to educational materials, but not the daily market reviews or financial research.
The Expert Option basic account has a minimum investment of $50 and a maximum trade limit of $25. You are only allowed 10 simultaneous trades at any time and you do get access to the education materials. If you start with a basic membership, you can always upgrade at a later time.
The ExpertOption silver account requires a $500 initial investment. In addition to the educational resources, you’ll also get access to the daily market reviews and financial research. You are allowed 15 trades at a time and a maximum trade limit of $250.
A gold account has a minimum deposit of $2,500. Gold comes with everything that Basic and Silver comes with, but with some additional perks. Gold members get priority withdrawal processing. You’ll also enjoy a 2% increase in profit. The minimum deal amount for a gold member is $1,000 and you can have up to 30 active trades at any time.
VIP traders are best suited for the Platinum account type at Expert Option. An initial deposit of $5,000 is required. You’ll enjoy everything that the Gold level comes with, but you’ll have no limitations in the number of trades you can execute at the same time. In addition, the maximum trade increases from $1,000 to $2,000 and your profit per trade increases by 4%.
It is not available for everyone, only those who are invited to have this account type. Customers having Exclusive account type can enjoy increased profitability ratio of up to 6%, a personal account manager, and maximum deal of $5000.
EXPERTOption Demo Account
ExpertOption offers their clients a free demo account with $10,000 in virtual funds to practice with. This is a great way to sharpen your skills without risking real money. Unlike other binary option brokers, you don’t have to register in order to access the platform. You don’t have to give them an email address or any personal information.
With the ExpertOption demo, you can get a great feel for their trading interface to see if it’s what you’re looking for. You can practice executing trades, sharpen your trading strategies, and get a feel for how easy the ExpertOption software is to use.
№ OF ASSETS AND EXPIRY TIME
Expert Option offers a wide range of assets to trade including stocks, forex, commodities, and cryptocurrency.
Currency Pairs – ExpertOption has all the major ones including EUR/USD, AUD/CAD, EUR/GBP, USD/CHF, and USD/JPY. This broker even offers cryptocurrency pairs such as BTC/LTC.
Stocks – ExpertOption has plenty of stocks to trade including Apple, Google, Alibaba, Facebook, Tesla, Microsoft, Netflix, and many more.
Cryptocurrency – This broker allows you to trade most major crypto assets such as Bitcoin, Litecoin, Ethereum, Dash, Monero, Zcash, Riipple, and Tether.
Commodities – Currently, the only commodities that you can trade with ExpertOption is Gold and Silver.
Technical analysis tools: 4 chart types, 8 indicators, trend lines
Commissions Effective return
The returns are promised to reach up to 95% but you are not going to find many assets reaching that high during the trading week and people have reported that these high payouts get lowered shortly after you start profiting. A 10% fee will be deducted from your withdrawal if you have not traded on your account more than you have deposited. Live chat is available for support.
Bonuses and Promotions
Due to regulations set forth by the CySec, ExpertOption doesn’t offer any type of deposit bonuses.
ExpertOption offers customer support in two languages, English or Hindi. You can contact their customer service team via email, phone, live chat, or through their contact form. Support is also available 24/7 through their mobile apps.
Here is their company contact information:
- 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 Corporate Centre
P.O. Box 1510
Saint Vincent and the Grenadines
Deposit and Payment
All functions — withdrawing and depositing, as well as payment type choice are accessible trough the same control interface presented after user logs into the account.
ExpertOption has a minimum deposit of just $10 on their Micro account. This account level is perfect for beginners that are just getting their feet wet in the world of binary option trading. Here are the lowest deposit amounts for the other account types:
- Basic – $50+
- Silver – $500+
- Gold – $2,500+
- Platinimum – $5,000+
To make a deposit with ExpertOption, follow these steps:
- Go to the finances tab
- Click the deposits tab
- Choose your payment method
- Select your currency
- Enter the amount you’d like to invest
- Click submit
ExpertOption offers many different payment methods including all major credit cards (including Visa and Mastercard), cryptocurrency, and most major e-wallets including UnionPay, WebMoney, Skrill, Neteller, Perfect Money, Yandex Money, Fasapay, and QIWI.
To withdraw money, ExpertOption offers the same payment methods that are used for deposits such as credit cards, E-Wallets, cryptocurrency, etc… In order to withdraw funds from your account, it must be done using the same payment method as your opened your account with until you have withdrawn your initial investment amount. After that, you can choose a different payment method for the remainder of your funds if you choose to.
The minimum withdrawal amount for ExpertOption is $10 USD. Requests are typically processed in just 2 business days. As with most binary brokers, Expert Option does require you to provide identity verification before you can request money. This is a safeguard to prevent fraudulent activity on your account.
This broker does not charge commissions or fees for processing payments.
Social Trading with friends
Expert Option offers social trading, which is a way to trade with your friends or see what other successful traders are investing in. You can see which assets people are trading, the market movements they’re predicting, and how much profit they are making.
Technical Analysis Tools
ExpertOption has a variety of technical analysis tools for you to use including four different chart types, eight different indicators, as well as trend lines.
Training and Education
This broker has a variety of online educational resources to help its traders learn the basic of digital options. These resources include video tutorials, online webinars, daily market analysis, and more.
PROS AND CONS
Is EXPERTOption A Scam?
Expert Option is an FMRC authorized broker that holds a license from one of the world’s reputable regulatory body VFSC. It is definitely not a scam broker. ExpertOption allows everyone to start binary options trading by offering low-deposit accounts as well as high-class premium accounts. This company provides excellent customer support and offers a complete range of trading tools which are deemed necessary for purposeful trading.
The broker is also well known for its user-friendly trading software. The platform equips traders to take advantage of advanced analytical tools to make informed decisions. The security of clients’ funds and fast withdrawal procedure makes ExpertOption a prime choice of digital options traders.
Overall, ExpertOption offers a very user-friendly website and platform and a low minimum investment, which helps it appeal to a range of traders. Those interested in trading should consider at least using the demo account, particularly if an element of social trading is important.
- Relatively nice proprietary platform
- Decent average payout
- Demo accounts available
- A lot of payment method
- Unverified VFSC regulation
- Only short term options
- Max number of options is limited