ExpertOption is an 'online' trading platform offering over 100 different financial assets to trade, including currencies, stocks, commodities, and Cryptocurrencies. ExpertOption is located in Port Vila, Vanuatu, the company is regulated by the Vanuatu Financial Services Commission under license number 15014.
This broker began operations in 2014, with around 14 million registered users. With over 100 account managers, ExpertOption is one of the most popular and well-known trading platforms available.
But the important question is whether the company can be trusted? Is ExpertOption an online scam?
In this ExpertOption review, I will cover everything you need to know about this broker.
- 1 Trading Platform
- 2 ExpertOption Account Types
- 3 Special features
- 4 Is ExpertOption a Fraud?
ExpertOption has developed its own customized platform to meet the needs of its customers. Fast execution, accurate price feed and weekend trading are some of the advantages of the ExpertOption platform.
Once on the platform, the main focus will be the main chart, which shows the prices of your chosen asset in real time. You can hover your mouse anywhere on the chart to see the previous price at any point.
In the upper left corner of the screen, there is a drop-down menu where you can select an asset to view. You can search for an asset by name or browse by category, such as Coins, Crypto Coins, Stocks, or Commodities. Once you have selected a financial instrument, you can choose between 1-5 minutes of expiry.
A very useful feature of the Expert Option is the ability to adjust the layout of your graphics. For example, you can split the chart layout so that you can view two different markets at the same time.
ExpertOption has 8 different indicators you can use, including RSI, MACD, Bollinger Bands, SAR, Moving Averages, Fractal, and Oscillators. Expert Option also has 4 different types of graphics you can choose from, including Line, Bar, and Candle.
Worldwide, ExpertOption has excellent trading software that is easy enough for beginners, while offering enough features to please even the most experienced users.
Expert Option offers a wide range of assets to trade, including stocks, forex, commodities and Cryptocurrencies.
Currency Pairs – The trading platform has all the majors including AUD/CAD, EUR/USD, USD/CHF, EUR/GBP, and USD/JPY.
Stocks – ExpertOption has many stocks to trade including Facebook, Google, Alibaba, Tesla, Microsoft, Netflix, and many others.
Crypto Currencies – This broker allows you to trade most major cryptographic assets such as Bitcoin, Litecoin, Ethereum, Dash, Monero, Zcash, Riipple, and Tether.
Commodities – Currently, commodities that you can trade with ExpertOption are Gold and Silver.
ExpertOption Account Types
The Expert Option offers six types of accounts. Here is an overview of each of them.
The micro account offered by ExpertOption has a minimum deposit of only $10. However, the maximum trade is only $10 and you can only have 10 simultaneous transactions at any one time. You will have access to educational materials, but not daily market reviews or financial research.
The Basic Expert Option account has a minimum investment of $50 and a maximum trade limit of $25. Only 10 simultaneous transactions are allowed at any one time and you have access to educational material. If you start with a basic account, you can always update it later.
ExpertOption Silver Account requires a investment initial $500. In addition to educational resources, you will also have access to daily market analysis and financial research. You are allowed 15 transactions at a time and a maximum trading limit of $250.
A gold account has a minimum deposit of $2,500. Gold comes with everything the Basic and Silver account does, but with some additional perks. Gold members receive priority withdrawal processing. You will also enjoy a 2% increase in profits. The minimum trade amount for a Gold Member is $1.000 and you can have up to 30 active trades at any one time.
VIP merchants are best suited for the Platinum account type at Expert Option. An initial deposit of $5.000 is required. You'll enjoy everything the Gold level offers, but you won't have limitations on the number of transactions you can run at the same time. Also, the maximum trade increases from $1.000 to $2.000 and your profit per trade increases 4%.
It is not available to everyone, only to those who are invited to have this type of account. Customers who have a unique account type can enjoy up to 6% profitability increase, a personal account manager, and a $5000 maximum deal.
ExpertOption offers its customers an account of free demo with $10.000 in virtual funds to practice. This is a great way to hone your skills without risking real money. Unlike other brokers, you don't have to register to access the platform. You do not need to register to access the demo account.
With the ExpertOption demo, you can get a great feel for its trading interface to see if it's what you're looking for. You can practice executing trades, refine your trading strategies, and get a feel for how easy it is to use the platform.
Another alternative to access the ExpertOption platform on the web without using any application. It is not necessary to install or download any 'software' to start trading.
ExpertOption Bonus and Brokerage Promotions
Just recently, ExpertOption started offering 100% bonus to novice depositors. Most brokers offer these bonus types as incentives to attract new customers, and ExpertOption is no different.
One important thing to note is that accepting an ExpertOption bonus does not affect your ability to withdraw funds from your account as it does with other brokers. If you choose to accept their bonus offer, you are eligible to withdraw your money at any time, but you must check the company's terms and conditions.
There are bonuses available for existing customers as well, but it is less than the 100% that the first customers receive.
Supported Countries and Languages
For your convenience, the website and Expert Option platform are available in 15 different languages including Portuguese, Polish, English, Chinese, Hindi, Korean, Indonesian, Thai, Vietnamese, Spanish, Arabic, Turkish, Malay and Tagalog.
ExpertOption accepts clients from India, Philippines, South Africa, Russia, Nigeria, Kenya, Indonesia, Malaysia, Pakistan, Ghana, Zimbabwe, Bulgaria, Sri Lanka, Vietnam, Egypt, UAE, Turkey, Brazil, Russia, and more .
Due to its regulations, the company does not accept customers from the United States, Canada, European Union, Switzerland, New Zealand, Israel, Australia, Singapore, Puerto Rico, Bangladesh, Sudan, North Korea, Yemen, Vanuatu.
Expert Option offers social negotiation customers, which is a way to trade with your friends or see what other users are investing in. The client will be able to see what assets other users trade, what market movements they predict, and how much profit they make.
training and education
This broker has a variety of online educational resources to help its users learn the basics options. digital options. These resources include video tutorials, online webinars, daily market analysis, and more.
Technical Analysis Tools
ExpertOption has a variety of technical analysis tools to use, including four different chart types, 10 different indicators, as well as trend lines.
ExpertOption has a minimum deposit of only $10 in your Micro account. This account level is perfect for beginners who are just getting their feet wet in the world of online commerce. Here are the lowest deposit amounts for the other account types:
- – Basic Account – $50+
- – Silver Account – $500+
- – Gold Account – $2,500+
- – Platinum Account – $5,000+
To make a deposit on ExpertOption, please follow the following steps:
- – Go to finance tab
- – Click on the deposits tab
- – Choose your payment method
- – Select your currency
- – Enter the amount you would like to invest
- – Click submit
ExpertOption offers many different payment methods including all major Visa and Mastercard credit cards, cryptocurrencies, and most major eWallets including Neteller, UnionPay, QIWI, WebMoney, Skrill, Perfect Money, Yandex Money and Fasapay.
To withdraw money, ExpertOption offers the same payment methods that are used for deposits such as credit cards, E-Wallets, Cryptocurrencies, etc. To withdraw funds from your account, this must be done using the same payment method as you opened your account until you have withdrawn the amount of your initial investment. After that, you can choose a different payment method for the rest of your withdrawals, if you wish.
The minimum withdrawal amount for ExpertOption is $10 USD. Orders are normally processed in just 2 business days. Like most brokers, ExpertOption requires you to provide an identity check prior to withdrawing funds. This is a safeguard to prevent fraudulent activity on your account.
This broker does not charge commission or fees for processing payments.
Regulation and Security ExpertOption
Expert Option is certified to comply with all applicable laws in force by the FMRC. It is fully regulated by (Vanuatu) Financial Services Commission – VFSC. Client funds are held with investment grade A banks in separate accounts.
To protect all users' sensitive information, the broker has protocols, HTTPS web and SSL encryption.
ExpertOption offers customer support in multiple languages. You can contact their customer support team via email, telephone, live chat, or via their contact form. Support is also available 24/7 through their mobile apps.
Is ExpertOption a Fraud?
Expert Option is an authorized FMRC broker that holds a license from one of the most respected VFSC regulatory bodies in the world. It is definitely not a fraudulent broker. ExpertOption allows everyone to start trading 'online', offering low deposit accounts as well as superior accounts. This company provides excellent customer support and offers a full range of trading tools that are considered necessary for an enjoyable trading.
The platform is also well known for its user-friendly trading software. The platform allows users to use advanced analytical tools to make investment decisions. The security of client funds and the quick withdrawal procedure make ExpertOption an interesting choice for those who wish to participate in this type of trading.
Pros / Cons
- Free Demo Account No Registration Required
- Social Trading
- Regulated Broker
- Intuitive and Easy Trading Platform
- Great Customer Support
- Low Cost of Entry
- Various Types of Accounts Provided
- Quick Withdrawals
- Does not accept Customers from the United States, Canada, European Union, Switzerland, New Zealand, Israel, Australia, Singapore, Puerto Rico, Bangladesh, Sudan, North Korea, Yemen, Vanuatu.