ExpertOption Broker Review – Great Binary Options Broker for Beginners

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7 Binary Options

ExpertOption is a new digital options broker that is quickly gaining fame and claims to be one of the best options in the market at the moment. It is regulated by the Russian FMRRC. Its license number is TSRF RU 0395 AA Vv0084.

We conducted a detailed investigation and were very pleased with the results. It seems to be a good choice even for the newbies, and especially those who have little savings to invest in digital options trading. Read on for more details.

The ExpertOption broker offers a variety of lucrative features to its clients. However, these features vary depending on the type of trading account that a client chooses to open.

This broker provides four types of trading accounts from which their clients can choose from. Every account has its own features and it is advisable that every prospective trader to go through all the features before choosing the type of account to open.

  1. Mini Account – For a client wishing to open this type of an account, he or she will require a minimum deposit of just $50. This is among the lowest among the digital options brokerage firms. Also, the client is assigned a personal account manager to help manage the account. The client is also entitled to one personal trading session and a weekly economic newsletter. There is also a 50% bonus.
  2. Silver Account – For a trader to open an ExpertOption silver account he or she will need a minimum deposit of $250. The trader will be entitled to a personal manager and two personal training sessions as well as a weekly economic analysis. In addition, the trader will get a 80% bonus.
  3. Gold Account – This account will require a higher minimum deposit since the minimum deposit required is $1000. For a trader to invest such a huge amount in digital options trading, the trader has to be well versed with trading. Similar to other account types, the trader will also have a personal account manager. In addition, the trader is entitled to 4 personal training sessions, a daily economic analysis and a 100% bonus. Other features of this account are the that the trader is given priority when it comes to money withdrawals.
  4. VIP Account – This is the highest account that a trader can open with ExpertOption broker. It is reserved for the professionals and it requires a minimum deposit of $2500.

The trader is entitled to a VIP personal account manager, daily economic analysis and an individual educational plan.

The bonus is increased to 125% and the trader is given priority when it comes to withdrawing money. Also, the trader is able to access the analysis of his or her trade history.

The ExpertOption broker also provides traders with a demo account that doesn’t need any extra downloads. In the demo account, traders are provided with $1000 virtual money so that they can test the broker’s digital options platform before starting to trade.

The ExpertOption also has very well laid out bonus terms found in the Terms section. The main thing with the bonuses is that they require a x50 turnover before withdrawing. Also, the trader has the chance to cancel a bonus but only before placing any trade after taking the bonus.

The Minimum investment with this broker is $1 which is the lowest and it helps traders to test the market environment before investing larger sums of money.

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What Features are Offered by ExpertOption?

  1. ExpertOption trading platform – The platform has been solely developed and is used exclusively by ExpertOption broker. In the trading industry, the vast majority of brokers use software designed and built by other service providers but not ExpertOption. Their proprietary software is very easy to use, with a straightforward layout and interface making it appropriate for both new and seasoned traders alike. The software also includes features which enable traders to take on and perform a few technical tasks which help in improving their profits per trade while at the same time swiftly executing transactions.
  2. Educational material – The broker’s website is loaded with lots of educational and informative material which is part of its ’Education’ section. The material is enough to help a newbie trader get up and trading in a short time. Whether they are interested in trading digital options, indices or currencies the material offers some advice and strategy for each type of trade. In addition, a glossary of various technical and commonly used trading terms along with analytical information rounds off its well stocked ’educational’ section.
  3. Mobile trading platform – The mobile trading platform offered by ExpertOption is an efficient trading tool which helps traders execute trades within seconds. The platform is available as an app which can be downloaded from Google Playstore for Android devices, and iOS users can download the app from AppStore. The app is an especially good option for traders who move around a lot but need to execute trades regardless of where ever they may be.
  4. Assets – The broker offers a number of different trading assets which include Forex trading pairs, Gold & Oil, Commodities, and Indices. Market Indices happen to be some of the most popular assets traded by many using the platform especially since it includes firms on the S&P500.
  5. Endless supply of trading signals – The platform is designed so that traders receive a steady and almost endless supply of trading signals. The alerts and signals can help traders execute relatively profitable trades. The signals will alert traders as to when a ’Strong Buy’ is a good idea when staying ’Neutral’ makes more sense, how much to ’Strong Sell’ and ’Sell.’ The signals are very important for people who trade digital options as it helps them make the right decision.

ExpertOption Promises vs. Reality

ExpertOption like many other brokers in this industry uses a number of marketing strategies to attract traders to its digital options and trading platform as a whole. The sales language is designed to lure traders both seasoned and newbie alike. However, when you set the marketing language aside and look at the website entirely objectively, it does not come across as genuine.

Finding verifiable and objective information about the website is difficult which makes it hard to choose it as a reliable trading platform. The lack of information will naturally make it difficult for any trader to trust the broker.

The broker’s website also has a demo account which is meant for traders to learn how to trade digital options using the platform. However, in reality moving between the demo and main account is a hassle since it directs traders to the trading area each time.

Also, the demo account shows exaggerated profit figures which if anything it is an indication that the website is unreliable since its promising a higher than usual return deemed impossible when live trading. So, we think that the demo account is another trick to entice traders into putting money and trading with the service instead of being honest.

Bonuses and various promotions mentioned on the website are clearly outlined detailing how they will be rolled out. However, the promises of fast withdrawals are nothing more than mere gimmicks which you can further understand by referring to the website’s terms and conditions pertaining to bonus withdrawals.

If anything it’s not easy for traders to retrieve their withdrawals once the initial deposit is made. The bonuses have been cleverly connected to the withdrawal process which makes withdrawing the money a tedious and apparently discouraging process.

Shortcomings of ExpertOption

ExpertOption is a relatively new broker which is a problem for many traders especially because it does not have an established reputation which is why traders are not very confident using it. That said some of its biggest shortcomings are the following which we think should be improved:

  1. Deposits and Withdrawals – One of the greatest concerns with ExpertOption is their transparency when it comes to withdrawing and depositing money. The guidelines are not clear as to how these transactions take place. Many traders will find this turning them off because it does not give them enough room to maneuver and make good trading decisions. It has also led to several complaints by a few traders using the platform. Plus the company’s websites does not seem to be tailored to traders’ needs. Which is why it is a website which does not appear to be in touch with the needs of traders it is catering to or trying to attract.
  2. Customer support – Methods of getting in touch with customer support are few and far between. Not having enough ways of getting in touch with support leaves many traders high and dry because they cannot speak to someone from the company. Plus, when you do happen to figure things out the default language is Russian. If anything this language policy is isolating and alienating traders from other parts of the world, it is, for this reason, we think that the website has a small customer base.
  3. Withdrawal policy – We have mentioned this before i.e. their withdrawal policy undoes a lot of their positive aspects. The system seems to be a secret and opaque for the most part which is why traders will not choose to do business with this trader. Not being able to withdraw money properly can hamper a trader’s ability to trade and that’s something that keeps traders at bay from this broker.

Expert Options sports one of the best platforms in the market

Expert Options – FAQ

The section aims to provide answers to some of the most frequently asked questions about the company we have reviewed. We will answer questions ranging from customer support to promotions offered by ExpertOptions.

  • Which withdrawal and deposit methods are available?

Earnings or money can be withdrawn or deposited via a debit or credit card i.e. Visa, Maestro, and MasterCard. In addition, the broker also supports Skrill, PerfectMoney, UnionPay, Yandex Money, Qiwi, PayWeb, Webmoney, and Neteller.

  • Who is the owner and what is their registered address?

The company is owned by ExpertOption Ltd, and they are located in Saint Vincent & the Grenadines, 1510, Kingstown, Suite 305, Griffith Corporate Centre. The company’s registration number is 22863 IBC 2020.

  • Is ExpertOption a licensed broker and by whom are they licensed?

The brokerage has been registered with a self-regulatory body by the name of FMRRC which is an abbreviation for Financial Market Relations Regulations Centre. The company’s license number is: TSRF RU 0395 Vv0099 with a validity of up til 8th September 2020.

The company, in addition, is licensed to be a dealer of securities in the Republic of Vanuatu which was granted on 6th January 2020 and is valid for a year with license number 15014.

  • What platform does ExpertOptions use?

ExpertOptions uses an in-house platform developed by their own developers for trading mainly digital options.

  • Do they offer a demo account?

A demo account can be setup without having to register on the platform. The demo account provides $10,000 of virtual money which can be used for testing and running the platform as well as running various trading strategies.

  • Which assets can be traded on the platform?

Traders have access to around 50 assets which are a part of four broad categories i.e. indices, currency pairs, stocks, and commodities.

  • When do the assets expire?

The expiry ranges presented by ExpertOptions ranges from 60 seconds to around 5 minutes.

  • What is the minimum deposit accepted and the lowest possible trade amount?

A minimum of $10 can be deposited into a trading account. The minimum investment or trade can be as little as $1 a trade.

  • Minimum withdrawal amount?

ExpertOptions allows traders to withdraw amounts starting from $10 via their preferred payment method.

  • What bonuses and benefits are available for registered customers?

ExpertOptions will give people who signup 100% percent of their initial deposit and anywhere from 25% to 125% on subsequent deposits into an account.

In addition to various monetary benefits, the company also offers many other advantages like every trader having their own personal manager, trading analysis, and priority withdrawal, etc.

  • What account types are available to traders using ExpertOption?

Traders get to choose from four account types mainly based on the amount they deposit. The ’Mini Account’ is for those who make a minimum of $50 deposit. The ’Silver Account’ is for those with a minimum of $250, and the Gold requires a minimum of $1000. Finally, the VIP account is for big traders with a minimum of $2,500 deposit but which also offers an extensive list of exclusive benefits.

  • What is the expected ROI (Return on Investment) per trade?

Traders using ExpertOptions can expect up to a 95% payout on all their winning trades. So, if they invest $100 for instance, the winning trade will help them get $95. The $5 is deducted as a commission by the broker.

  • How do you get in touch with customer support?

Customer support is provided via a few channels including email, phone, web forum, and online chat.

ExpertOption Trading Software

The ExpertOption trading interface is very user-friendly. It provides a good overview of the how to trade. On the platform, a trader can choose different assets like currency pairs, indices, and commodities (gold and crude oil).

Unfortunately, this broker only offers short term expiry times which leaves many traders wanting more.

When it comes to mobile trading, ExpertOption only provides a smartphone and tablet app for iOS devices. It currently doesn’t have an app for the Android devices but hopefully, they will roll it out.

ExpertOption Support Information

ExpertOption has a very responsive customer support team. Traders can access their services through phone calls, emails, Skype and live chat. There is also a form that traders can fill in their website.

For the sake of learning, ExpertOption provides one of a kind educational section. Here, traders can find helpful articles which only explain the basic aspects of certain trading strategies.

The broker also has a FAQ section where answers to all the usual questions that may bother a trader are found.

The website of this broker is available in a number of languages which are:

ExpertOption Banking and Company Info

ExpertOption has allowed their traders to use some of the very popular banking methods there is. Traders have the liberty to withdraw their money or deposit money into their trading accounts by using:

The trader should use the same payment method for both depositing and withdrawing.

The minimum withdrawal with this broker is only $10. All withdrawals are processed within a span of 2 days.

ExpertOption Review

Overview

ExpertOption Broker – 10$ Minimum Deposit and up to 125% Deposit Bonus! ExpertOption is professional platform for trade binary options. The Broker is regulated by FMRRC & the platform is… more

Details

Broker ExpertOption
Website URL https://expertoption.com/?refid=10595&lang=en
Founded 2020
Headquarters Saint Vincent and the Grenadines, 1510, Kingstown, Suite 305, Griffith Corporate Centre. Registration number: 22863 IBC 2020.
Support Number +44 20 3695 4060
Support Types Live Chat , Email , Phone
Languages English , Русский , Deutsch , Portuguese , Español , Italiano , 汉语 , हिन , ไทย
Trading Platform Owner
Minimum 1st Deposit 10$
Minimum Account Size 10$
Minimum Trade Amount 1$
Maximum Trade Amount 300$
Bonus No Deposit Demo Account, up to 125% Deposit Bonus & up to 40% Insurance / Trade
Payout up to 95%
Free Demo Account
Regulated
Regulation FMRRC
Account Types Real Money Account , No Deposit Demo Account
Deposit Methods Credit / Debit Cards , Skrill (Moneybookers) , Neteller , Union Pay , Qiwi Wallet and more
Withdrawal Methods Credit / Debit Cards , Skrill (Moneybookers) , Neteller , Union Pay , Qiwi Wallet and more
Expiry Times Starting from 60 Seconds
Types of Assets Currencies , Indices , Stocks , Commodities
Option Types Short Terms , Long Terms
Trading Currency USD , Euro , RUR
Account Currency USD , Euro , RUR
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9/10

Full Review

ExpertOption Broker – 10$ Minimum Deposit and up to 125% Deposit Bonus!

ExpertOption is professional platform for trade binary options. The Broker is regulated by FMRRC & the platform is simple and user friendly . They provide good trading conditions in industry with many tools for trading.

ExpertOption provides the fastest and most convenient money withdrawal in the industry.
Money will reach your card or e-wallet promptly. Wide range of payment systems to choose from. Withdrawal is commission-free.

ExpertOption Bonuses and Advantages:

  • Low Minimum Deposit – 10$
  • Low Minimum Trade Size – 1$
  • Free No Deposit Demo Account
  • up to 95% Profit / Trade in Just 60 Seconds
  • up to 40% Insurance / Trade
  • Free Trading Signals
  • Mobile Trading App
  • Education that really helps
  • Free online Analytics
  • Personal manager will analyze your trade journal and will help with trading strategy

The broker did apply and gain regulation through the independent organization of FMRCC. This organization works in a similar fashion to CySEC, as they will help resolve disputes, and they also have a compensation fund.

ExpertOption uses their own custom built trading platform for binary options customers. There are many assets to choose from including most Forex pairs, Oil and major market indexes like the S&P500.

The trading platform is very easy to use, and they offer high payout on various options up to 95% / Trade in just 60 Seconds!

a Complete Guide for Binary Options Trading

You may think that the binary industry is oversaturated with many different brokers, but there are new alternatives as well. One of these interesting brokers is ExpertOption, which is controlled by the Russian authority called FMRRC, with the license Nr. TSRF RU 0395 AA Vv0084. When reading the ExpertOption overview, you will observe that this service has numerous trading features and has the great potential to become a favorite for novice traders due to its low minimum deposit requirements.

We invite you to learn more about ExpertOption in our review.

Basic information:

Online since: 2020
Jurisdiction: FMRRC
Max Returns: 95%
Bonus: up to 125%
Minimum Deposit: $10
Minimum Investment: $1
Maximum Investment: $300
Currencies: USD and RUR
Mobile: Yes
Countries: All nations

– Low minimum deposit
– High returns and bonuses
– Excellent Demo account

– Not regulated by an EU country

Binary Minery Rating:

ExpertOption Account Features

ExpertOption is a binary service that includes numerous rewarding offers for its customers. The majority of brokers require a much higher deposit amount in comparison with ExpertOption. Because of this, novice traders, who would like to start binary trading, would be pleased to deal particularly with this broker. Even if its brand-name suggests it is about experts, the novices should be the main priority of ExpertOption. We discovered that ExpertOption offers 4 account types for different situations:

Mini

Silver

Gold

  • Deposit – from $1000
  • Lead personal account manager
  • 4 personal training sessions
  • Daily analytics
  • Priority withdrawal
  • Maximum deal amount $150
  • 100% bonus

VIP

  • Deposit – from $2500
  • VIP personal account manager
  • Educational materials
  • Daily economic analysis
  • Priority withdrawal
  • Maximum deal $300
  • Individual trade history analysis
  • 125% bonus

In addition to the live accounts, ExpertOtion offers a demo account that can be applied directly from the browser. As a client, you can get $10,000 virtual funds and may practice on the platform prior to making any real trade. This is an excellent alternative for those who would like to train their skills first and get acquainted with the broker’s platform. There is no risk when trading on the demo account.

As it could be noticed in the account types displayed above, ExpertOption has many generous bonuses that are ready to use. ExpertOption comes with very clear bonus requirements that are described in their ‘terms’ page on the official site. Before withdrawal, the broker requires a trading volume that is 50 times higher than the bonus amount. If the trader decides to stop the bonus, he can do it only before any trade is performed.

Not only the minimum deposit is quite low, the minimum amount per trade with ExpertOption is just $1, which can be a great help for those who want to try particular assets prior to spend larger amounts. As for the maximum investment limit, it is determined by the chosen account type. For example, the VIP account has the highest limit for the maximum amount per trade and permits more trades at once.

ExpertOption Trading Software

The review of this broker confirmed that ExpertOption has their private platform. It is known that many brokers today choose a well-known platform developer, but proprietary platforms have their specific benefits that cannot be denied. First of all, the latter are created with the broker’s clients in mind, so everything is considered.

The platform’s interface is really intuitive and user-friendly as it offers a great summary of the trading approach. The clients may choose various assets classes, such as Forex pairs, stock indexes, company stocks, and commodities. However, the list of commodities is quite limited. More precisely, one can trade only gold and oil. Another drawback is about the expiry time options. It seems that the broker is focused on short-term trading as the longer term time-frames are not present.

The great news is that the broker offers mobile trading opportunities for those who own mobile phones and tablets with iOS. It is expected that they will add Android too, since there are numerous customers who use particularly this system.

ExpertOption Support Information

Our ExpertOption review will help you to discover more about their customer service from first hands. This broker provides a number of communication methods. For instance, the clients may get in touch with their customer support by phone, email, or just fill in a form on the broker’s webpage. It is essential to realize that this binary service is also available via Skype and may be contacted via live chat. The live chat features may be reached by clicking the menu on the top of the screen.

The instructional materials from their educational section are also unique. There, the clients will browse helpful articles about various aspects of binary options. The only drawback here is that the info presented is quite ambiguous in the sense that it does not provide precise and systemized information. It only describes the fundamental principles of particular trading approaches. This is why many experienced traders won’t find it valuable.

There is also the FAQ section, which answers the common questions of beginners. It is not educational by itself, but it might assist the clients to avoid the customer service for every basic detail. Their site is accessible in more languages as follows: English, Russian, German, Portuguese, Spanish, Italian, Chinese, and Arabic.

ExpertOption Banking and Company Info

ExpertOption has integrated more well-known payment methods, like Yandex, bank wire, Visa, MasterCard, UnionPay, Skrill, Neteller, WebMoney and Qiwi. It is better to choose the same payment method for both deposit and withdrawal procedures.

The minimum withdrawal is very low – only $10, which is great for beginners. Also, the minimum deposit with the mini account type is $50, way below the average amount in the market. The cash out time is generally up to two days.

ExpertOption binary service belongs to ExpertOption Ltd.

Additional information

Customer Service: Phone, Email, Skype, Live Chat
Languages: English, Russian, German, Portuguese, Spanish, Italian, Chinese, Arabic.
Expiry Times: 30, 60, 120 seconds
Deposits and Withdrawals: Yandex, bank wire, Visa, MasterCard, UnionPay, Skrill, Neteller, WebMoney, Qiwi
Withdrawal Time: up to 2 days
Demo account: Yes

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    Free Demo Account!
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