ExpertOption is an online trading platform that offers over 100 different financial assets to trade, including currencies, stocks, commodities, and digital currencies. ExpertOption is located in Port Vila, Vanuatu, the company is regulated by the Vanuatu Financial Services Commission with license number 15014.
This broker started its operations in 2014, with about 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 ExpertOption Trading Platform
- 2 ExpertOption account types
- 3 ExpertOption Applications
- 4 ExpertOption Bonus and Broker Promotions
- 5 Special features
- 6 Is ExpertOption a Scam?
ExpertOption Trading Platform
ExpertOption has developed its own custom platform to meet the needs of its clients. Fast execution, accurate price feed and weekend trading are some advantages of the ExpertOption platform.
Once in the platform, the main focus will be on 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 Currencies, Crypto Currencies, Stocks, or Commodities. Once you have selected a financial instrument, you can choose between 1- 5 minutes of expiration.
A very useful feature of Expert Option is the ability to adjust the layout of your charts. For example, you can split the chart layout so that you can view two different markets simultaneously.
ExpertOption has 8 different indicators that you can use, including RSI, MACD, Bollinger Bands, SAR, Moving Averages, Fractal, and Oscillators. Expert Option also has 4 different chart types you can choose from, including Line, Bar, and Candlestick.
Worldwide, ExpertOption has an 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 digital currencies.
Currency Pairs – The trading platform has all the major ones 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.
Cryptocurrencies – This broker allows you to trade most major crypto assets such as Bitcoin, Litecoin, Ethereum, Dash, Monero, Zcash, Riipple, and Tether.
Commodities – Currently, commodities you can trade with ExpertOption is Gold and Silver.
ExpertOption account types
Expert Option offers six account types. Here’s an overview of each of them.
The micro account offered by ExpertOption has a minimum deposit of only $10. However, the maximum trading is only $10, and you can only have 10 simultaneous trades at any given time. You will have access to educational materials, but not to 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 have access to educational materials. If you start with a basic account, you can always upgrade it later.
ExpertOption’s silver account requires an initial investment of $500. In addition to the 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 that the Basic and Plata accounts have, 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 given time.
VIP traders are best suited for the Platinum account type at Expert Option. An initial deposit of $5,000 is required. You will enjoy everything that the Gold level offers, but you will have no limitations on the number of trades you can execute simultaneously. In addition, the maximum trade increases from $1,000 to $2,000 and your profit per trade increases by 4%.
It is not available to everyone, only to those who are invited to have this account type. Customers who have an exclusive account type can enjoy an increase in profitability of up to 6%, a personal account manager, and a maximum trade of $5000.
ExpertOption offers its clients a free demo account with $10,000 in virtual funds to practice with. 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 don’t need to sign up to gain access to the demo account.
With ExpertOption’s 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, hone your trading strategies, and get a feel for how easy the platform is to use.
The ExpertOption platform is accessible through mobile apps. Its mobile app is available in iOS and Android and can be downloaded from the Google Play Store or the Apple Store. The platform app is compatible with Windows or Mac.
Another alternative to accessing the ExpertOption platform on the web without using any application. No need to install or download any ‘software’ to start trading.
ExpertOption Bonus and Broker Promotions
Recently, ExpertOption started offering 100% bonuses to beginner depositors. Most brokers offer these types of bonuses as incentives to attract new customers, and ExpertOption is no different.
One important thing to note is that accepting a bonus from ExpertOption 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 need to check the company’s terms and conditions.
There are bonuses available for existing customers as well, but it’s less than the 100% that first-time customers receive.
Supported Countries and Languages
For your convenience, the Expert Option website and 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 customers from India, Philippines, South Africa, Russia, Nigeria, Kenya, Indonesia, Malaysia, Pakistan, Ghana, Zimbabwe, Bulgaria, Sri Lanka, Vietnam, Egypt, United Arab Emirates, 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 trading to customers, which is a way to trade with your friends or see what other users are investing in. The customer will be able to see what assets other users trade, the 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 of 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 just $10 on their Micro account. This account level is perfect for beginners who are just getting their feet wet in the world of online trading. Here are the lower deposit amounts for the other account types:
– Basic Account – $50+
– Silver Account – $500+
– Gold Account – $2,500+
– Platinimum Account – $5,000+
To make a deposit at ExpertOption, please follow these steps:
– Go to the finance tab
– Click on the deposits tab
– Choose your payment method
– Select your currency
– Enter the amount you’d like to invest
– Click submit
ExpertOption offers many payment methods, including all major Visa and Mastercard credit cards, cryptocurrencies, and most major e-wallets 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, digital currencies, etc. To withdraw funds from your account, it should be done using the same payment method you opened your account with 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 usually processed in just 2 business days. Like most brokers, ExpertOption requires you to provide identity verification before a withdrawal of funds. This is a safeguard to prevent fraudulent activity in your account.
This broker does not charge commission or fees for processing payments.
ExpertOption Regulation and Security
Expert Option holds a certification regarding compliance with all applicable laws in force by the FMRC. It is fully regulated by the (Vanuatu) Financial Services Commission – VFSC. Client funds are held with investment grade A banks in separate accounts.
To protect the sensitive information on all users, 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 address, phone, live chat, or through their contact form. Support is also available 24/7 through their mobile apps.
Is ExpertOption a Scam?
Expert Option is an FMRC authorized broker that holds a license from one of the most respected regulatory bodies VFSC in the world. It is definitely not a fraudulent broker. ExpertOption allows everyone to start trading ‘online’ by offering low deposit accounts as well as higher accounts. This company provides excellent customer support and offers a full range of trading tools that are considered necessary for 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 fast withdrawal procedure make ExpertOption an interesting choice for those who wish to engage in this type of trading.
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