Is expert option legit

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.

Real forex bonuses

ExpertOption Review, is expert option legit.

The security of clients’ funds and fast withdrawal procedure makes expertoption a prime choice of traders. In this expert option review, I'll cover everything you need to know about this broker.

Expertoption review

Expertoption is an online 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 trading platforms available.

But the important question is can expertoption be trusted? Are they a reputable company or just another scam broker?

In this expert option review, I'll cover everything you need to know about this broker.

Trading platform

Unlike other brokers that use turnkey platforms such as techfinancials or spotoption, 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.

At the top-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, stocks, or commodities. Once you select a financial instrument, you can choose between 1-5 minute expiry times.

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.

Assets

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.

Expertoption account types

Expert option offers six types of accounts. Here's an overview of each one.

Micro

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.

Basic

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.

Silver

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.

Platinum

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%.

Exclusive

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.

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 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.

Expertoption apps

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.

Expertoption bonus offers & promotions

Just recently, expertoption has began to offer 100% bonuses for first-time depositors. Most brokers offer these types of bonuses as incentives to attract new customers, and expert option is no different.

An important thing to note is that accepting a bonus from expertoption doesn't affect your ability to withdraw funds from your account like it does with other brokers. If you choose to accept their bonus offer, you are eligible to withdraw your money at any time.

There are bonuses available for existing clients as well, but it's less than the 100% match that first-time clients get.

Accepted countries and languages

Expertoption does NOT accept clients from united states, canada, european economic area, switzerland, new zealand, israel, singapore, puerto rico, north korea, yemen, sudan, bangladesh, vanuatu, and australia.

Expertoption does accept traders from india, philippines, south africa, nigeria, kenya, indonesia, malaysia, pakistan, ghana, zimbabwe, bulgaria, sri lanka, vietnam, egypt, united aram emirates, turkey, brazil, russia, and more. Most regions from asia, africa, and south america are accepted.

For your convenience, the expert option website and platform are available in 15 different languages including english, chinese, hindi, korean, thai, vietnamese, spanish, arabic, turkish, bahasa (malaysian), bahasa (indonesian), portuguese, tagalog, and polish.

Related content:

Special features

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.

Deposits

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 online 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.

Withdrawals

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 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.

Regulation & security

Expert option holds a certification concerning the compliance with all applicable laws in place by FMRC. It is fully regulated by vanuatu financial services commission – VFSC. Client’s funds are held with investment grade-A banks in segregated accounts. To protect the sensitive information of all stakeholders, the broker has HTTPS web protocols and SSL encryption in place.

Customer support

Here is their company contact information:

English phone number: +44 20 3868 3160

English email address: english@expertoption.Com

Hindi phone number: 000 800 443 0002

Hindi email address: hindi@expertoption.Com

Expertoption LTD.
Suite 305
griffith corporate centre
beachmont
P.O. Box 1510
kingstown
saint vincent and the grenadines

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 online 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 traders.

Robert wolfe is the founder and chief editor of impact investing collaborative. Robert is an expert trader with over 10 years of experience trading binary options, forex, and cfds. He prides himself in providing accurate and in-depth reviews in order to help others find a trading platform that fits their needs. When robert isn’t actively trading or managing impact investing collaborative, he enjoys spending time with his 3 kids, playing golf, and spending time outdoors.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Expert option review – is it SCAM or LEGIT trading company?

Expertoption

Compared to other digital options brokers out in the market, expertoption is relatively new but is starting to gain traction among established traders. As a trading platform, the website is under the supervision of financial services authority (SVGFSA).

We reviewed this trading platform, and based on the initial data and experience that we have collected, we can say that we are satisfied with the results. Our initial thoughts is that this trading platform can work for beginners, or those who want to start small in trading. However, IQ option, binomo and olymptrade are also good alternatives. If you are interested to learn more about expertoption, we suggest that you read our review below.

Expertoption trading software (platform)

The user interface is easy to understand, and provides guidance to traders on how to perform the trades. The platform also provides choices when it comes to assets like indices, currency pairs and commodities like crude oil and gold. The only concern here is that traders are only offered short term expiry times. There is also an app that can be downloaded on ios, and an app for android devices are expected to follow.

As a broker, expertoption is known to deliver a number of promising features. But one should keep in mind that the type of services that can be enjoyed will depend on the type of account opened with the website. There are four different types of accounts that customers can consider. Each account has its own set of features and benefits, and we recommend that the interested trader should check each option and the features that come with it.

One of the things that you will notice with the platform is the comprehensive explanation of the bonus terms, and this can be read in the website’s terms section. These bonuses are subject to x50 turnover before the said amount can be withdrawn. Also, the operator gives its members the opportunity to reverse the bonus, but this can be done before placing any trade after collecting the bonus. With expertoption, anyone can start small with its $1 minimum trade. This minimal entry fee can help new traders test the market before pushing ahead with large deposits and trades.

Popular features to expect with expertoption

The platform used on the website is developed primarily by expertoption, which is in contrast with the other trading platforms that make use of the software designed by others. The proprietary software is easy to understand, and can work for both the new traders and experienced ones. The software is loaded with features that can allow traders to complete technical tasks, which can then boost profits and streamline online transactions. Here are other top features and tools that you can enjoy as a member of expertoption.

Presence of a demo account. There’s a demo account available, and this does not require a download. As soon as you register an account, you will be provided access to this demo account with $1,000 in virtual money. When we tested the demo account, we found out that the account features larger-than-usual profit figures, which is a bad thing since it is conditioning the minds of the traders that they can profit big-time with this platform. We see this as a marketing ploy yo motivate traders to trade real money.

Access to training and educational materials. Just like other trading platforms, expertoption also gives its members access to helpful resources that can be used for training. These resources and tools are posted on the site’s education section. The materials that are contained here can help the beginners get a better understanding of the market and trades. You can also find a glossary, where the important terms and technical words are explained.

Mobile trading also available. There is a mobile trading platform too which can help traders complete the trades in seconds. The app is available on the google play store or the apple store. The app can be downloaded to your ios or android phones.

Our concerns regarding expertoption

As a new player in the market, expertoption faces some tough challenges. For example, many traders see the platform as untested with no solid experience to speak of. When we tested and reviewed the platform, we are also concerned by its inexperience in handling trades. To help the management improve their services, we have listed some of the things that can be improved on the website.

Banking/deposit services. This platform has a transparency issue when it comes to deposits and withdrawals. For example, there are no clear figures that explain how the deposits and withdrawals are facilitated. This can become a problem for many experienced traders, especially those who need to transact on a regular basis. Its failure to become transparent when it comes to banking led to a number of complaints against the management. Also, the design and layout of the website is not user-friendly, and fails to connect with traders.

Withdrawal policy. As we already mentioned, the withdrawal policy is unclear, and can be misleading for many beginners. Customers are not properly guided and informed on how the withdrawal can be facilitated. This can be a source of trust problems, and we suggest that the management should lay down all the details related to this concern.

Common questions asked about expertoption (FAQ)

This platform maintains a number of popular payment options which can help when depositing and withdrawing funds. The most popular platforms that can be used by members are neteller, visa, maestro and mastercard. Other payment facilities that can be tried are yandex money, webmoney, perfectmoney, skrill, neteller and unionpay.

Yes, expertoption carries a demo account, and it comes with $10,000 in virtual money. This virtual money can be used to test and run the platform using a number of strategies.

With just $50, a trader can start funding his account with expertoption. Traders will need at least $1 to start trading online.

Expertoption has a bonus program for new customers who will create an account with the site. New sign-ups can enjoy up to 50 % match up of the initial deposits made, and the succeeding bonuses are subject to 30% to 50% match bonus. Aside from the financial perks, new customers of the platform can also enjoy the services of a personal material, faster withdrawals and trading analysis.

There are four types of accounts that can be considered with expertoption. Traders can select the mini account, and this should work with a minimum $50 deposit made. Another account is the silver account, with a $250 deposit requirement, and there is the gold account which comes with $1,000. There’s also a VIP account which can work for experienced traders, and this requires a minimum deposit worth $2,500.

Traders of this platform can expect a 95% payout rate on all winning trades. If the investment is at $100, then a winning trade is worth $100 + $95, and the remaining amount ($5) serves as the commission of the broker.

Banking and corporate info

Expertoption supports a number of popular banking options. Customers and traders can found their accounts through bank wire transfers, webmoney, qiwi, neteller mastercard, skrill, unionpay, yandex and visa. Customers can withdraw funds using the platform used for deposits. The minimum amount that can be withdrawn is $10, and withdrawals are often processed within 2 days.

All the services and features considered, expertoption serves as a professional platform worth checking out.

Expertoption pros

Expertoption cons

Expertoption - review author

More about the author step

I've wanted to build a business of some kind and earn money since I was in middle school. I wasn't very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

Expertoption details

✅ broker	expertoption
✅ website URL	www.Expertoption.Com
✅ trading platform	custom made platform
✅ minimum 1st deposit	$ 50
✅ minimum trade amount	$ 1
✅ maximum trade amount	$ 5000
✅ bonus	social trading features
✅ payout	up to 95 %*
✅ free demo account
✅ regulated
✅ deposit methods	credit cards, debit cards, skrill, neteller, wire transfer, epayments
✅ withdrawal methods	credit cards, debit cards, skrill, neteller, wire transfer, epayments
✅ US traders allowed
✅ mobile trading
✅ tablet trading
✅ overall score	4.4 / 5

open account!

57 responses to “expert option review – is it SCAM or LEGIT trading company?”

The most important question that interests everyone who wants to engage in trading is whether they withdraw on a particular platform, I also started. I can say with confidence that while working on the platform expertoption has already displayed more than ten times, no problems!

I believe that now it is very beneficial to use this broker for work.
At least the conditions seemed great to me.

As for me, now it turned out to be very convenient to work with this broker.
The results were excellent.

For a long time I already tried different platforms, many have too many promises, but in fact you don’t get anything, but at experimenttoption so far everything is going fine, let’s see what happens next

For work, I now prefer this particular broker.
Of all the options for work, I consider it the most convenient.

In my opinion, now it’s really profitable to work with this broker
at least he suits me in all respects.

While working in this industry, I really liked this broker. At least, there were no problems at work.

Those who said they made money using expert option. Are they taking about real account or dummy. Because I made 2.2 million dollars into my account in just 2 days of trading dummy account with 10,000 virtual money. Not bad huh, but I’m not very sure this will happen in real. Cos there’s something I noticed. The real trading flatform looks rigged to make sure you’ll loose your money. The asset movement goes against the trendline at the last minute and end up against your trade …. And always. This never happens in practice flatform. The result is, I always made millions in dummy account but only win 10% trades on real. 4 times I funded my account. All of them drain down to zero. Can expert option explain this. This is plain cheating that’s all. Remove the cheating in real software boniare you’ll be ok.

Why have you not reply to this message am about trading with your broker but i want to know what am getting into

I like your trading platform so much is easy to use, please how much is your maximum withdrawal per day

Yes i heard a lot guys, for everything scary and wonderful things hear.But what about us newer and does not have a clue but we are willingly to get in this.How can you help us guys?

Hi I’m rina ive been scam by a trader name scott miller claim to be trading with 24optios i have lost 3000 USD worth of bitcoin on him when times come for withdrawal the platform asking for fees and charges after payment have been made the broker disappear and no more email reply from 24options regarding withdrawal finally i realized ive been scam big time.

Hi rina, if you’ve been scammed by 24options, I recommend to try mychargeback services. They might be able to help you out.

Please what is the maximum trade one can place at a go on expert options

Hi nath, the min. Trading amount is 1 USD and the max. Trade amount limit depends on the status of your account: BASIC $25; SILVER $250; GOLD $1000; platinum $2000 and EXCLUSIVE $5000.

I dont think all these are real because trading in reality is different from their demo

I tried binary options, i guess i wasn’t lucky, i fell right into the hand of scammers. They took about $180,000 from me. I had nothing left but debt and crisis. I tried all the investigators i knew but to no avail till i met my savior, you can count on them to make this happen for you, you can still believe in miracles, because they exist.

Hello, we are sorry about your loss, but next time when you decide to invest that huge sum of money, you should be more aware.

With which broker/system you were trading with?

Expert option review: 1 important thing you need to know

This expert option review came as a result of popular demand from our readers.

Expert option is purely a fixed time trade/ forex broker that launched its platform in 2014. The company is registered in saint vincent and grenadines and it’s headquarter is located in the griffith corporates centre suite 305.

Expert options currently has over 35 million registered users. It is regulated and provides users with multiple deposit and withdrawal methods. The broker also won the best trading platform at the china trading expo in 2017

In this well-detailed review of expert option, we will go through all you need to know about this broker; how it came about, regulation, fees, ease of use, reputation, etc.

I have included a course on how to trade profitably for you at the end of this post. Enjoy!

If you have any questions, please leave us a comment.

Post summary

I have taken my time to organize this post in such a way that everyone can understand. Below is a list of everything I will cover today, click on any of them to reveal its content.

If you are ready, I’m ready!

Expert option overview

Expert option is a fixed time trade/ forex broker that was established in 2014. Being a reliable leader in the online trading industry, expert options provides its users with extra solidity.

Ever since its creation, this broker has registered over 35 million accounts plus up to 30 million deals closed each month

The trading platform is very user-friendly and provides one of the fastest brokerage services. Unlike other brokers, expert options recently grant a 100% bonus on initial deposits to its new users (I will talk more on this later in the post).

Traded assets

There are currently over 65 assets traded on this platform; they are grouped into 4 instruments as listed below:

29 currency pairs;

AUD/USD

EUR/USD

EUR/AUD

EUR/GRP

USD/JPY

GRP/USD

USD/CAD, etc

12 crypto currencies;

Bitcoin (BTC)

Ethereum (ETH)

Ripple (XRP)

Tether (USDT)

Bitcoin cash (BCH)

Monero (XMR)

Zcash (ZEC)

Bitcoin gold (BTG)

Ethereum classic (ETC)

IOTA (MIOTA)

Litecoin (LTC)

Dash (DASH)

Facebook

Alibaba

Citigroup

Ford

Allergan

Goldman sachs

Microsoft, apple

Amazon

Mcdonalds

Coca-cola, etc.

4 commodities;

Gold

Brent oil

Silver

Platinum

Restricted countries and language support

Expert option does not provide its services to the citizen and residents of the following countries;

Australia

Canada

European economic area

Israel

Japan

North korea

Puerto rico

Sudan

Switzerland

Bangladesh

Singapore

Yemen

Vanuatu

If you are not from any of the above countries, then you can sign up and start trading.

Supported languages

The following languages are supported on expert option:

English

Chinese

Japanese

Hindu

Turkey

Indonesia

Malaysia

Spanish

Russia

Tagalog, etc as can be seen in the image below

Registration requirements

Registration is not required to trade the demo account. All you need to do is visit the demo account page and start trading.

To trade the real account, you will have to register by filling in your name and email address. You will also have completed the KYC form. This involved uploading your proof of identity and residency.

This information is required by the most regulated financial company in order to comply with the anti money laundering policy (AML)

License and regulation

Expert option is certified by IFMRRC (international financial market relations regulation centre) a non-governmental oversight agency located in russia. Its certificate is available for the public to view at official IFMRRC site.

The company is authorized and regulated by vanuatu financial service. VFSC government financial commission is relatively new and has just started offering financial services to an offshore account. You can read about their client protection

This broker is yet to obtain regulation by cysec and therefore do not offer their services to european countries.

Trading accounts

There are two types of trading accounts in expert options

Demo account

Real account

Demo account:

The demo account comes preloaded with $10,000 for you to trade; you do not need to sign up to use the demo account. All you need to do is to visit the demo account page to start trading.

The demo account has all the features, parameters and tools available in the live account. It is always advised to try out the demo account first to practice your trading skills before signing up to the real account.

Real account

The real account is subdivided into 5 levels each with an extra benefit. The account subdivisions are determined by the amount you deposited. They are;

Basic

Silver

Gold

Platinum, and

Exclusive

The benefits that come with each account type can be seen in the image below

benefits of the live account on expert option

From the image above, you can see that the higher your account level, the more benefit you get.

For example, those with the platinum account get a 4% higher payout than those with the basic and silver accounts. However, it is best you start small, make a profit before you upgrade your account level.

Deposit and withdrawal methods

As the time of this post, there are 15 deposit and 11 withdrawal methods available depending on your country. This includes;

Deposit methods

Card payment: visa, mastercard, maestro, unionpay

Crypto: bitcoin, ethereum, ripple

Perfect money

Skrill

Neteller

Nigeria mobile banking

Fasapay

Webmoney

Qiwi

Yadex

Withdrawal methods.

Card payment: visa, mastercard, maestro, unionpay

Perfect money

Skrill

Neteller

Webmoney

Qiwi

Yadex

Payweb

Deposits are instant and no commission fees are charged.

The method through which you make a deposit is the method through which you can withdraw up to the amount you deposited, profit can be withdrawn using other methods.

E.G let say you made a deposit of $100 using skrill and during the course of trading you made a profit of $150 making your fund a total of $250. To withdraw this money, you must withdraw your $100 deposit through skrill and the $150 profit using any other payment method you wish to use including skrill.

The exception to the above is if your deposit method is not listed as a withdrawal option, then you can use any option to withdraw.

If you reside in nigeria, I suggest you do not make a deposit through your visa or mastercard, rather do so through web money, neteller, skrill or perfect money. The reason is that most people find it really difficult to withdraw through the master/visa card.

I personally use webmoney and I don’t have issues making deposits or withdrawals via this method. You can convert your naira to webmoney on instantgoldng. You can also use neteller and convert it to crypto on paybis.

Note that withdrawals are not instant, it takes up to 3 business days.

Minimum and maximum deposit amount

The minimum deposit is $10 while the maximum deposit is $5,000. You will need to contact customer support for deposits above that.

The minimum trade amount is $1 while the maximum trade above varies depending on the type of account you are operating.

Bonus on expertoption

Expertoption currently offers a 100% bonus on first-time deposits. This is definitely a smart move by the broker, as so many traders tend to be attracted to incentives.

The good thing about this offer is that, unlike some other brokers, you can withdraw your deposit even after accepting the bonus.

User interface

The expert option trading platform user interface is quite simple and easy to navigate. It is brilliantly designed; I don’t see it being any easier.

Educational materials, finance analytics, etc. Are to the left, the status of your trades is to the right, finally, you can see the chart, make deals and choose assets at the centre.

The 45 – second video below shows how easy it is to place a trade on expert option.

There are also a good number of training videos and educational material on different trading strategies. You can find this resource in the education section of the website. Topics covered in the tutorials include:

Glossary

Trading strategies

Technical analysis

Graphical analysis

Fundamental analysis

Psychology of trading

I receive email on a daily basis of people asking me for a tutorial on how to trade. I have gone through these materials, they are really good. All you need to do is to go through them and put what you learn into practice using the demo account.

Expertoptions trading apps

Apart from the web platform, you can trade through the expert option apps across the major device. Apps are much faster, they adapt easily to the device they are made for providing the user with a better experience. The apps are available for android, ios, windows and macos devices.

However, note that the apps for mobile devices do not provide all the sophisticated features present on the desktop and web platforms.

Customer support

Expert option has a 24/7 customer support through the live chat in its homepage and a trading room waiting to answer any question/query you might have. When I contacted the customer care, I thought I would have to wait for about 5 mins to get replied, but I was replied immediately.

Apart from the live chat, expert option customer support can be contacted via email ( [email protected] ) or by phone and emails according to your language:

English: +442038683162 [email protected] 24/7

Hindi: 0008004430002 [email protected] 10:30 – 19:30 (india time)

Thai: +66600035407 [email protected] 10:30 – 19:30 (thailand time)

Pros and cons

Replenish able demo account

Bonus offered

It is regulated

Supports a wide range of payment methods

24/7 customer support

Restricted in the european business area

No crypto funding.

Withdrawal takes up to 3 working days.

Short expiry time.

Is expert options a scam platform?

The straight to the point answer is no, or at least not yet. Expert option is quite transparent when compared to other trading platforms. For example, when trading on binary.Com, I noticed that some markets get disabled temporarily when a particular trend is formed.

Secondly, expert option is certified and regulated. It can be argued that the regulating bodies are relatively new, however, no user has complained of unfairness or not getting paid.

Other projects

Expert option recently conducted a successful ICO to develop the following platforms;

EO.Trade: a cryptocurrency exchange for the expert option ecosystem.

EO.News: A new portal to help traders with instant market news

EO.Finance: A wallet that will enable users to store any amount of cryptocurrency or fiat. You can get more info here

These platforms are still in development. You can read the white paper here.

Conclusion

From our expert option review above, you can see that this broker came into this business to take the lead. The platform is exceptionally good and fast, deposits are instant with no charges. The range of traded assets is large enough for any trader.

One of the limitations I see with this platform is they don’t have a wide range of trading period. Its trading period ranges from 1 minute to 5 minutes. There are brokers that offer a low as 5 secs to as high as 5 days. However, any trader with the right strategy can make do with the period.

I particularly like the good number of trading indicators, analysis, and educational materials. If you are a trader, you will love this platform.

I hope you enjoyed our review of expert options?

If you did, please use your favourite social media icon to share to let others in on this. Thank you.

P.S: in my intro, I mentioned that I will show you how to trade profitably. However, note that this is not binary options trading but cryptocurrency trading. To get access to this class, join us on telegram

Trading options or fixed time trades carries a high level of risk since it can work both to your advantage and disadvantage. As a result, this type of trading may not be suitable for all investors because it is possible to lose all of your invested capital. You should never invest money that you cannot afford to lose. Before trading, please ensure to understand the risks involved

Expertoption

Broker name:	expertoption
platform:	expertoption
founded:	2015
bonus:	100% bonus
return/refund:	60-85% / 0%

no. Of assets:	100+
regulated:	FMRRC
demo account:	yes
minimum deposit:	10
US traders:	not accepted

Expertoption review

Expertoption is a well-known binary options broker founded in 2014 and operated by eolabs LLC, a company located in saint vincent and the grenadines. The previous owning company was EXPERTOPTION LTD, which was registered with the international financial market relations regulation center (IFMRRC); however this is no longer the case and eolabs LLC is not regulated by any notable financial watchdog.

Editor’s note: why does expertoption suck in 50 words?

What sucks is that bonuses cannot be withdrawn under any circumstances. So, if you planned on getting a bonus, reaching the needed turnover, and then getting the bonus into your pocket, you will be disappointed. However, clients can withdraw their own money, in which case the bonus will be canceled.

Why expertoption DOESN’T suck in 50 words?

Two things I immediately see and like 1. You can start with a 10,000$ demo account without signing up which is a decent enough amount for practicing and feeling out the platform. 2. They are very transparent regarding the countries they can’t allow due to regulations.

Is expertoption a scam?

Expertoption comes off as transparent but since the owning company changed to eolabs LLC, this broker is no longer regulated. So that leaves us with a broker with enough experience (launched in 2014) but with no one to complain to in case some problems arise, which unfortunately is not so great.

What is good to see however is that expertoption does not appear to be soliciting clients where they are not licensed. In fact, we got a message popping up saying our country was not accepted. The overall vibe surrounding this broker is positive but you can never be too careful. As always, pay attention when your money is involved.

Should I open an account with expertoption

You can open an expertoption account with only 10 USD, which is a very low amount or start with their relatively big demo account of 10,000$. The minimum investment amount per trade is again very low, at just 1 USD, while the maximum depends on account type: 10/25/250/1000/2000/3000 USD for micro, basic, silver, gold, platinum and exclusive respectively. As for the minimum deposits these are very flexible, starting at 10 USD for micro and continuing with 50/500/2,500/5,000 USD for basic, silver, gold, and platinum respectively. They also have an exclusive account which is invitation only, thus we don’t know what the minimum investment is.

The payouts are advertised as high but the comments we have found tell another story. Allegedly, if you are successful, the payouts will decrease by 50% or more! To confirm that this wasn’t just the case of a couple of angry customers ranting on the internet, we checked various sources and looked for more comments. Unfortunately, we couldn’t reach a clear conclusion.

The platform itself looks nice and you have access to several indicators and technical tools like horizontal lines and trend-lines. You can also turn on or off the “trader’s deals” which shows where other clients are entering their positions. You can also use 4 different kinds of charts such as candlestick charts and different time-frames. Something I found helpful was that I could split the charts into two sections so I could monitor two assets simultaneously. The unique thing about their platform is probably the “full-screen mode”, a feature I have not seen with many other brokers. The platform is also available for download but what it lacks is a good explanation on how to use it.

Keep in mind that this broker does not provide services to clients from the following countries: USA, canada, european economic area, switzerland, israel, new zealand, australia, north korea, puerto rico, singapore, bangladesh, indonesia, yemen, and sudan… the full list is mentioned under their “terms” and it pretty much includes all countries that require a local regulatory certification.

Overall, expertoption is a good option because they offer a free demo (no registration needed) and a very low minimum deposit of 10 USD. Use their demo, then deposit the minimum (if you liked the demo of course) and see how it goes from there. It doesn’t have to be a huge commitment; test them out first.

Eolabs LLC, registered at 305, griffith corporate centre, beachmont, 1510, kingstown, saint vincent, and the grenadines. They can be contacted at the phone: +44 20 3868 3160 and email [email protected]

Expertoption broker complaints

We couldn’t find that many comments but it’s not strange because most EU countries are not allowed due to regulations and neither is the US and canada. The few comments we did find from various sources, however, told the same stories: the payouts will decrease if you are making money and only increase back when you lose. Also, the bonus lock will bring the usual bonus issues so beware of that. However, a broker can change their payouts as they wish and that in itself is not really a scam bad just bad service.

Expertoption regulatory announcements and warnings

Since expertoption does not accept clients from most european countries it is not strange we can’t find the regular warnings and fines we usually find on other brokers.

Expertoption bonus

The bonus percentage goes up to 100% but it cannot be withdrawn. Unfortunately, they don’t offer enough information about how the bonus actually works and what limitations will come into play if a bonus is accepted.

Trading bitcoin with expertoption

Expertoption is another broker that is going “all in” with bitcoin and cryptocurrencies. Their crypto basket is quite big and the trading conditions are good, on paper at least: bitcoin, bitcoin cash, bitcoin gold, ethereum, litecoin, ripple, IOTA, monero, zcash, dash and even some exotic pairs like BTC/THB (bitcoin vs thai baht) or BTC/INR (bitcoin vs indian rupee).

The payouts for successful crypto trades go up to 84% and the lowest I’ve seen was 60%. This is very high for cryptocurrencies (some brokers offer 20% to 50%) that’s why I say “on paper”. It’s possible for these percentages to go down during volatile times. The expiry times for cryptos are limited to a maximum length of 5 minutes.

Expertoption ratings

User friendly 18/20

The website is user-friendly and comes in 15 languages. The platform itself is great but it really needs a good explanation or tutorial. On the plus side, the education area is well-worked on with strategies, technical analysis, glossary, psychology, and lots of other information. U.S. Clients are not accepted; demo accounts and mobile platforms are available.

No. Of assets and expiry time 17/20

There are a number of OTC assets you can trade over the weekend with relatively high payouts. The asset index is very wide and includes currencies, stocks, commodities, etc. But also a lot of cryptocurrencies (outlined in the section above). However, the expiry times need some work because the longest I’ve seen was 5 minutes and most assets were limited to 1 or 2 minutes.

Commissions, support and effective return 16/20

The returns go above the 85% mark 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. However, we cannot confirm such allegations. Expertoption doesn’t charge fees or commissions but the e-wallet or payment method you use may charge such fees. Live chat is available for support.

Deposit, payment and bonus 17/20

The minimum deposit is low, at 10 USD only but bonuses are unclear and the turnover requirements are not specifically explained. According to some parts of their website, bonuses go up to 100%. The deposit/withdrawal methods supported are visa, mastercard, maestro, neteller, skrill, perfect money, and others. The minimum withdrawal amount is 10$ and the advertised processing time is 2 business days.

Website extra’s 17/20

Social trading is available (you can see the trades of other clients right on the chart) and the payouts for cryptocurrencies are high (some even above 80%). Other than this we can mention that the platform can run two charts/assets at the same time and a full-screen feature is available.

Expertoption review

Expertoption

Reason to avoid: offshore license

Listed date: september 7, 2018

Top 3 forex brokers

FXTM review

GO markets review

FP markets review

Beware expertoption review is a non-regulated broker. It is NOT SAFE to trade.

What is expertoption?

Expertoption claims to be the leader in the online trading industry through its offering to trade binary options with a trust of more than 8 000 000 clients at their background. This broker has been around since 2014 and has over 55 million accounts opened since that time. Since it is an international platform, the website is available in 15 different languages for a better convenience. Expert option offers a wide range of assets to trade including stocks, forex, commodities, and cryptocurrency.

About expert option

��️ registered in	st. Vincent and the grenadine
��️ type of license	offshore license
��️ is expert option safe to trade	no
��️ recommended licenses	FCA in UK �� & ASIC in australia ��
�� alternative broker	IC markets - licensed by ASIC in australia

Licenses and regulation

Is expertoption regulated?

Expertoption is owned by eolabs LLC., which is an offshore company registered in st. Vincent and the grenadine.

However, the fact is that st. Vincent and the grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements to the company operation. That means, the broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders.

Therefore, it became an offshore zone for shady forex brokers such as CVC markets , AAG markets and more. Read more about st. Vincent and the grenadines regulation by the link .

Apart from the fact that st. Vincent and the grenadines is a very liberal jurisdiction, which does not oversee the financial investment firms and their activity, the broker also claims to hold the activity with supervision by the FMRRC organization (financial market relation regulation center). Although FMRRC is an independent self-regulatory agency which was created to provide a level of regulation for derivative dealers and brokers. It has no connection with the central bank of russia, the official regulatory body in russia, and has very few legal powers with regards to regulating FMRRC regulated brokers.

Is expertoption a scam?

Nevertheless, the above mentioned regulations roughly deliver a strong base to perform a reliable operation for their licensors.

In addition, there are negative reviews mostly about payouts one the trading amounts are increased. However, since the company is not registered in the EU it does not provide or target clients from the jurisdiction, therefore didn’t receive any official claims or warnings.

The markets, which are targeted by the broker include those who mainly work with initially low deposits since the company limits deposit till maximum 3,000$. The potential clients include russian ones, as the website also uses .Ru domain, and the india region clients since the customer services also include hindi speaking support.

In any case, we never advise trading with an offshore or non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the forex industry. Thus the engagement to trading with such companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

Expertoption in india

Expert option is legal in india. There is no mention of any possible legal issues between indian traders and the broker.

Expertoption in the USA

Company doesn’t provide services to citizens and residents of the USA, canada, european economic area, switzerland, israel, new zealand, australia, north korea, puerto rico, singapore, bangladesh, indonesia, russia, iran and yemen.

Deposit & withdrawal

Expertoption has a minimum deposit of just $10 on their micro account. This type of account is usually used for beginners, for those who just started getting to know the world of online trading. As to the minimum investment amount on the platform, it is as low as $1.

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.

Minimum withdrawal amount on the platform is also quite low, only 10 USD. The broker usually processes the withdrawals within 2 business days. To withdraw money, expertoption offers the same payment methods that are used for deposits such as credit cards, E-wallets, cryptocurrency, etc.

Apps

The expertoption platform is accessible via mobile and desktop apps. Its 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.

Demo account

Expertoption offers traders the opportunity to practice strategies and become familiar with the platform with their demo account option. Traders can use this demo account with the balance of $10 000 virtual money in order to be able to evaluate the benefits of the trading platform.

Conclusion

Overall, it is advised to avoid trading with expertoption due to its unregulated services and the high-risk operation which targets numerous clients to their rows without a necessary level of protection or performance. Dealing with an offshore broker most often carries a significant chance to fall under the scam operation.

Therefore, it is better to choose among the brokers that are complied with the industry leading authorities and governmental entities that are backed with customer protection and the provision of the legitimate financial services. Traders should trade with well-regulated brokers such as UK brokers or brokers in australia and reliable brokers such as FXTM and XM.Com .

You can also share your trading experience with expertoption by commenting on this review.

Is expert option a legit online broker?

Expertoption is one of the new competitors to the online options broker market that is simple enough for newcomers while providing enough functionality to satisfy even the most seasoned traders.

The company also strives to be trustworthy and quick, making it easy for everyone to begin trading. Eventually, the goal is to produce the quickest trading through creative technologies. The broker is also well recognized for its easy-to-use trading applications. The platform equips traders to reap the benefits of sophisticated analytical resources to make educated choices. The confidentiality of client funds and the rapid withdrawal method make expert option a prime choice for traders. It is more of a young broker, but it is quickly growing in popularity both among inexperienced investors and specialists.

Expertoption

Expertoption is an online trading platform that enables you to trade a variety of financial derivatives in a well-designed and convenient user interface.

It is a well-known financial derivatives broker founded in 2014 and owned by eolabs LLC, a company based in saint vincent and the grenadines. The minimum deposit for investing is one of the important features. According to the expertoption review, the platform has documented more than 69 million accounts for 2020. It is a major accomplishment for such a young business that shows that this broker has every reason to draw the attention of investors from 150 countries. Expertoption places consumers at the top of the list, making a customer care its utmost importance. There are more than 100 account managers, each of whom works on fulfilling customers’ requirements.

Expertoption: A scam or legit digital options broker?

When seeking to ascertain if an electronic options broker is legal or a fraud, being strictly monitored is one of the main factors to remember. As an investor, you want to believe that your investments are covered and that any problems you experience will be overcome when trading on a particular platform. There is an inherent threat within all trades; there is no unique circumstance on the platform of expertoption.

Reasons why expertoption is a legit online broker

Here are some of the reasons why expertoption is a legitimate online broker.

Regulation

Expertoption carries the FMRC credential for compliance with all relevant regulations. It is completely governed by the vanuatu financial services commission-VFSC. Customer funds are owned by investment grade-A banks in segregated accounts.

Clients security

Expertoption is checked by mastercard and visa to preserve client confidentiality. It is achieved via authenticated by visa and mastercard secure code status. Expertoption also provides icons for cert trusted safe and PCI DSS compliant. It also encrypts all information using the most efficient cryptographic algorithms. The website uses SSL encryption, so all the details it sends uses AES 256 encryption.

Fees

Unlike other platforms, expertoption does not charge transaction expenses, regardless of whether they are being traded or removed, swap charges or hidden fees scam investors. However, the payment aggregator or payment system can be commissioned.

Expertoption also provides social trading that allows you to exchange with friends or watch and track global transactions. In reality, expertoption markets itself as a pioneer in social trading networks. Through the social trading app, you can trade with friends and traders or watch them launch their deals in real-time. This section of the expertoption involves top investors so that you can track the performance of VIP traders and learn from their acts. Expertoption also enables employees to aspire to become a market leader in their own countries. To further improve the social element of expertoption, the platform involves communities on social media sites, including facebook, instagram, twitter, and youtube.

Transparency

One of the aspects that underlies the credibility of expertoption is its accountability. For one, they mentioned their contact details. Some brokers usually only have an email address, making it more difficult to get in contact with their customer service representatives.

Customer services and additional tools

Expertoption assists the client in two languages, english or hindi. You can reach your customer support team by email, smartphone, live chat, or through a feedback form. Service is also available 24/7 through their mobile applications. This broker has a range of online educational tools to help traders understand the fundamentals of digital options. These include video guides, online webinars, regular market research, and much more. It also has a range of technical analysis resources that you can use including four distinct chart types, eight different indicators, and trend lines. If expertoption were a scam, they would not have spent a lot of time teaching their traders about strategies, techniques, and exchanging indicators.

Conclusion

It can be difficult to locate a reliable online options broker nowadays. Trade is something of a complex world. Expertoption is simple to use and offers more than just educational services. The social aspect of expertoption is also useful for beginners and those who like to evaluate their investment strategies. It stands out with its cryptocurrency products, as many brokers are only beginning to deliver this type of asset while expertoption has many. Based on transparent proof and subtleties, it seems that this stage provides a legitimate trading opportunity.

Expertoption review

Expertoption

Reason to avoid: offshore license

Listed date: september 7, 2018

Top 3 forex brokers

FXTM review

GO markets review

FP markets review

Beware expertoption review is a non-regulated broker. It is NOT SAFE to trade.

What is expertoption?

About expert option

��️ registered in	st. Vincent and the grenadine
��️ type of license	offshore license
��️ is expert option safe to trade	no
��️ recommended licenses	FCA in UK �� & ASIC in australia ��
�� alternative broker	IC markets - licensed by ASIC in australia

Licenses and regulation

Is expertoption regulated?

Expertoption is owned by eolabs LLC., which is an offshore company registered in st. Vincent and the grenadine.

Therefore, it became an offshore zone for shady forex brokers such as CVC markets , AAG markets and more. Read more about st. Vincent and the grenadines regulation by the link .

Is expertoption a scam?

Nevertheless, the above mentioned regulations roughly deliver a strong base to perform a reliable operation for their licensors.

Expertoption in india

Expert option is legal in india. There is no mention of any possible legal issues between indian traders and the broker.

Expertoption in the USA

Deposit & withdrawal

Apps

Demo account

Conclusion

You can also share your trading experience with expertoption by commenting on this review.

So, let's see, what was the most valuable thing of this article: before you try expertoption, you MUST read this review. Find out if expertoption is a reliable broker or if they're just another scam... At is expert option legit