ExpertOption

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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.

Demo Account ButtonThe 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.

Mobile Trading PLatformsWhat 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

Mobile Support IOS AndroidExpertOption 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.

Platform Screenshot 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.

    Trading Platform Example

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?

Different Educational ResourcesEarnings 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 2015.

  • 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 2017.

The company, in addition, is licensed to be a dealer of securities in the Republic of Vanuatu which was granted on 6th January 2017 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.

  • Support Information QuestionsHow 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

Responsive Customer SupportExpertOption 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:

  • German
  • Russian
  • English
  • Portuguese
  • Italian
  • Chinese
  • Spanish
  • ArabicExpert Option Screnshot Trading Binary Options

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:

  • WebMoney
  • bank wire
  • Visa
  • Yandex
  • UnionPay
  • Skrill
  • MasterCard
  • Neteller
  • Qiwi

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.

Conclusion

ApprovedIn conclusion, this broker seems very professional and worthy of testing out.

 

Pros:

  • Low minimum deposit
  • High maximum returns
  • Easy to use for beginner traders

Cons:

  • No customers from the USA accepted

Start trading

ExpertOption
4.2 (83.7%) 27 votes
7 Binary Options review: ExpertOption: 4.5 stars.

346 comments

  1. Milo   •  

    This broker really brings a good profit, I am glad that I chose it, the platform is very convenient for work, and they pay without delay

  2. Harry   •  

    The broker is really good. I started working with this company long ago, and so far the reviews are really positive. In my opinion, everything really works fine.

  3. Michael   •  

    I thought the broker was one of the most profitable in terms of work. Although I have been working with him relatively recently, I have already been able to earn a lot.

  4. Smith11   •  

    In fact, the broker was satisfied. In principle, the income is quite normal, if you know how to trade normally, you can get a great income.

  5. Miller   •  

    It is really convenient to work with a broker. For today, this broker has one of the best platforms, as for me. Everything is working fine.

  6. Trevor   •  

    quite a decent broker, I do not know why there are people who say that their type threw or something else, I’m working quietly and nothing is not present, everything is fine

  7. Godwin   •  

    I’ve been choosing this broker for a couple of months to try and see how it works. And during that time there were no special problems, I calmly withdraw money and conduct profitable transactions, all the same, a pleasant broker, albeit not very noticeable

  8. Marcus   •  

    As for me, the broker is really worthy of attention. At least, I was satisfied with the results, and with the withdrawal of funds is in order. I am quite happy with the results. .

  9. Nick   •  

    I have no questions for this broker. While the results of my work are quite satisfied, and most importantly-the money was able to withdraw pretty quickly.

  10. Michael   •  

    I liked the broker. At least, while for work there are all conditions. I’ve tried to work with many companies, but this is still really one of the best options.

  11. Charles   •  

    And the truth is that the platform is comfortable and easy to use, there were no incidents, but the conditions here are high, of course, so a good broker

  12. Edward   •  

    I’ve been choosing this broker for a couple of months to try and see how it works. And during that time there were no special problems, I calmly withdraw money and conduct profitable transactions, all the same, a pleasant broker, albeit not very noticeable

  13. Acricio   •  

    Problemi nel processo di lavorare con questo broker non mi sono presentato. Anche se lavoro già abbastanza in questo settore, ho deciso di scegliere un broker dai principianti. A mio parere, le condizioni qui saranno davvero un po ‘più redditizie.

  14. Cruzik   •  

    In the honesty of this broker I’m sure. I’ve worked with him enough, and while I’m really happy with it. The broker brings an excellent profit, and I did not notice any deceptions on their part.

  15. Aurel   •  

    Dies ist einer jener Makler, die wirklich Aufmerksamkeit verdienen. Ehrlich gesagt, habe ich nicht mit einem so hohen Gewinn gerechnet, aber die Ergebnisse waren angenehm überrascht. Geld zog sich zurück, es gibt keine Fragen.

  16. Bartalameo   •  

    A mio parere, la società è ancora abbastanza buona. Per quanto riguarda il lavoro con lui, le recensioni sono abbastanza buone. Penso che il broker sia abbastanza buono.

  17. Fisheron   •  

    I liked working with this broker. I started working with him relatively recently, but I was able to earn quite well. In this great merit of having a demo mode in the broker.

  18. Jordanin   •  

    The broker really liked. There are no problems in the process of work. In my opinion, the company is quite good.

  19. Reinhold   •  

    Ich mochte den Makler. Ich kann nichts Negatives über die Arbeit des Brokers sagen – alles funktioniert ganz gut. Meiner Meinung nach verdient das Unternehmen Aufmerksamkeit.

  20. Stanley   •  

    The results of working with this broker really pleased me, I did not really expect profit, but it turned out that now I work only with them

  21. Gabriel   •  

    The results of work with Expertoption pleased me) I did not think that I would work only with this broker, but it turned out that it is more profitable here, so now I work only with them

  22. Gabriel   •  

    Pretty good broker. In my opinion, working with this broker is quite convenient. I’m quite happy with him so far.

  23. Jimenez   •  

    The broker turned out to be quite good. For all time working with this company I have only positive feedback about working with this broker.

  24. Dave   •  

    To work with a broker, you can choose a pretty good strategy, and get with it quite a good profit. In fact, the broker was very pleased.

  25. Marvel   •  

    Excellent earnings came from working with this broker. I do not have anything to complain about, even if there are small shoals, they are very quickly solved

  26. Daniels   •  

    The broker really pleased me. I’ve been working with this broker for a long time already, and so far no comments – everything works fine.

  27. John   •  

    I think this broker is really good. At least until the problems with it arose. In my opinion, with him now you can really make great money.

  28. Samuel   •  

    I was really happy with this broker. All the rules they follow, work with them nice and profitable. I do not see any problems in working with this broker, I had no problems.

  29. Riko   •  

    I advised my friends about this broker, and rightly so, the interest here is high, and payments are always made in lines, a stable company

  30. Gregor   •  

    I have been working with this broker for a long time, and so far no complaints. Everything works fine, profit from the broker I am pleasantly impressed. By the way, the broker’s support service works perfectly, it helps to solve everything very quickly)

  31. Michael   •  

    While absolutely in agreement with the opinion of the site broker. Everything works, I do not see any reasons to write negative. So far, the broker suits me quite well.

  32. Neal   •  

    The money is quite good after the deals, because the interest is quite high given by this broker. Yes, and I do not pay much

  33. Hoffman   •  

    A broker is worthy of attention!
    I have been working here for a long time, I like it.
    For all the time, no complaints, everything works fine.

  34. Simon   •  

    Yesterday I received my first payment, I was very pleased, I came just in line, + the manager helped with the first deals, so he raised it so well, thank him

  35. Havier   •  

    The broker was pretty good. For all the time in this industry is the most profitable and reliable broker with whom I worked.

  36. Paul   •  

    I really enjoyed working with this broker. The results were quite pleasant, and with the conclusion of no questions arose.

  37. Teffo   •  

    Excellent interest gives this broker, so even does not reduce much, so I’m very pleased with my choice!

  38. Fabian   •  

    So far, I have no complaints about the broker’s work. Working with a broker was quite profitable, and the money is usually withdrawn without any problems.

  39. Peter   •  

    Liked that quickly passed the verification without any delay and issues, the main thing is probably to make it right) I hope that’s soon and payment to the first) all OK

  40. Allan   •  

    An excellent profit got working with this broker, so you can try, I think you will not regret it

  41. Bill   •  

    The broker seemed to me quite a good option for the job. At least, I have no complaints about the broker’s work yet.

  42. Harry   •  

    I liked the broker. At least I was quite happy with the results. The broker is quite convenient, and the profit is not bad.

  43. Fowler   •  

    The profit from the broker is really on the level, I’m glad that this broker chose.
    In general, I worked with different brokers, there is something to compare.

  44. Peter   •  

    According to the broker, I really only have positive impressions. I have already started working with this company for a long time, and so far no questions have arisen — everything works fine.

  45. Richard   •  

    The broker is really convenient. Working with him is not the first day, and in principle, the honesty of the broker is sure. Money is withdrawn, everything works fine.

  46. Charlie   •  

    I started working with a broker for a long time, but for all the time no comments. The broker works perfectly, and with the conclusion of any problems.

  47. Fleming   •  

    Broker is excellent. I have been working with this company for quite some time, and so far the results are really good. I was pleased with them.

  48. Dave   •  

    It is not strange, the broker brings quite good money, and work with him quite conveniently. I’m really happy with the broker at 100%

  49. James   •  

    I have been working with them for a long time, I even applied for support — everything was quickly decided, and everything works normally.

  50. Warren   •  

    Not bad so already picked up with Expertoption. Here I think to leave all other companies and work only here, the profit is just very happy

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