ExpertOption Review

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86%/ 100

ExpertOption Review

Overview

One of the leading brokers offering online trading services in binary options is known as ExpertOption. The broker has various regional offices in different parts of the world and is […]

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Full Review Details

Broker ExpertOption
Website URL NEW https://expertoption.com
Founded 2016
Headquarters Cyprus
Support Types email, live chat
Languages Multi Languages
Trading Platform Webtrading
Minimum 1st Deposit $50
Minimum Account Size $50
Minimum Trade Amount $1
Maximum Trade Amount $1000
Bonus Welcome
Payout 86%
Free Demo Account Yes
Regulated Yes
Regulation Vanuatu Financial Service Commission
Account Types Mini, Silver, Gold, VIP
Deposit Methods Skrill, Debit/Credit Card, Fast Bank Transfers and other local Payment methods
Withdrawal Methods Skrill, Debit/Credit Card, Fast Bank Transfers and other local Payment methods
Trading Methods Multiple
Number of Assets 50+
Expiry Times 30-sec, 60-sec, 1-min, 15-min
Types of Assets commodities, stocks, metals, indices
Option Types Multiple
Trading Currency USD, GBP, JPY
Account Currency USD, GBP, JPY
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 86%

Screenshots

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Pros

  • Great Customer Support, Quick Withdrawals, User Friendly Interface

Full Review

One of the leading brokers offering online trading services in binary options is known as ExpertOption. The broker has various regional offices in different parts of the world and is headquartered in Cyprus. The broker is regulated and authorized by Vanuatu Financial Service Commission. The broker has clients from almost all parts of the world. However, due to some regulatory issues, the broker doesn’t accept clients from the jurisdictions including Switzerland, Australia, Japan, New Zealand, North Korea, Sudan, Puerto Rico, European Economic Area, Canada and the USA. Considering the need to protect the funds of clients, the broker keeps the fund of clients in segregated bank accounts. To protect any sensitive information that passes over the internet, the broker uses most advanced technology such as SSL encryption accompanied by HTTP protocols. There are four types of accounts available for traders including Mini-$50, Silver-$250, Gold-$1000 and VIP-$2500. The broker also offers a social trading facility to its clients. Multilingual 24/5 customer facilitation is available at ExpertOption. The broker offers a range of methods for deposits and withdrawals including Debit card/Credit card, Skrill, Web money, wire transfers and many other local payment methods.

Trading Platform

The broker offers a web based user-friendly trading platform to its clients. The trading platform is made available 24/7 for traders. All necessary tools and features are available that traders may need to use for successful trading. Since the platform is based on the web, therefore, it doesn’t require traders to get it installed on their PC. Instead, traders can access it online via a computer or any supported device connected to the internet from any part of the world. The broker also offers a compatible app for mobile phones and tablets having android, iOS, and windows operating systems. The app can be downloaded from Google Play or APP Store.

Account Types

Four types of accounts are available at ExpertOption.

Mini Account: It is the basic account offered at ExpertOption. Traders are required to deposit a minimum amount of $50 to open the account. It’s targeted customers are small traders with limited investments. Besides the fact that the deposit amount is small, traders receive a bonus of up to 50% on their initial deposit. Trading platform can be accessed 24/7. At the broker’s official website, education material is also provided to make traders learn and grow. Traders are, however, allowed a maximum deal amount of $50 and can open a maximum of 10 trades simultaneously.

Silver Account: Traders with some extra cash available are offered to open a silver account at Expert Option. The silver account can be opened by depositing just $250. Some brokers offer the same account as a standard account. All basic services and tools that are supposed necessary to trade are available in the account. Traders receive an initial deposit bonus of up to 80% in a silver account. Additional services offered in a silver account include a personal account manager, a maximum deal amount of $100 and allowance to open 15 simultaneous trades.

Gold Account: Traders having surplus investments are offered a gold account. It is a type of special account that is usually offered to advanced level traders but is not restricted to others as well. The minimum deposit amount to open a gold account is $1000. Traders receive some extra services and features in the account that are not available in mini or silver account such as increased profits of assets, consultation with a leading trading expert, and priority withdrawal. Traders are also offered a bonus of up to 100% on their initial deposits and are allowed to open unlimited simultaneous positions. A maximum deal of up to $300 is available in the gold account.

VIP Account: The premium class of accounts available at ExpertOption is the VIP account. Traders need to deposit a minimum of $2500 to open a VIP account. It is specially reserved for VIP traders who have substantial funds available to invest. Traders in VIP account are offered a deposit bonus of up to 125% with a maximum deal amount of $1000. All other features and services offered are the same as that of a gold account. The only exception is the historical analysis of individual trading.

Practice Account/ Demo Account

Traders are offered to open a practice account without investing any money. This provision has made intending to make clients learn different trading strategies and money management skills without needing to worry about their real money. Customers can get their hands-on testing their own trading strategies. Once, they become confident, traders can switch their demo account to a live account and can start making some real cash.

Deposits and Withdrawals

ExpertOption offers different methods for deposits and withdrawals. Traders are allowed to choose their preferred method, and the broker tends to facilitate traders via the same. Most commonly used deposit and withdrawals methods include Skrill, Debit card, Credit card, Web money, Netteller, Wire transfers, and other local payment methods. Traders can request their withdrawals by pressing the withdrawal tab after login into their account. The process of withdrawals at ExpertOption usually takes 24-48 hours. Once processed, funds get transferred to the client’s associated bank accounts.

Customer Support

Customer support is considered as an important factor when talking about a company deals with the public. ExpertOption takes great cautions to ensure the availability of effective and efficient customer support round the clock. Traders are facilitated instantly through an online web chat interface. Traders can also contact the company via telephone and email.

Conclusion

ExpertOption is one of the best brokers available in the market. We have investigated it thoroughly and could not find even a single flaw that could have made us express our opinion against them. It’s user-friendly trading platform, fast withdrawals and 24/5 customer support features are truly commendable. The broker offers advanced protection to client’s funds and information. We suggest traders join them with full confidence. Traders are not required to believe our words only, they can realize themselves by opening an account with the broker. We are sure that traders are going to like the broker by their heart.

 

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