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.

Is this your final decision?

We suggest you visit one of the popular Forex Brokers instead!

 

Open Free Demo Account
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

 

Pros:

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

Cons:

  • No customers from the USA accepted

 

7 Binary Options review: ExpertOption: 4.5 stars.

468 comments

  1. Jones Matthew   •  

    The other day I received the first conclusion on expertoption, although I was rather skeptical about this platform, but as I see it – everything works, and that’s good!

  2. Chris   •  

    In my opinion, now it turned out to be quite profitable to work with the Expert Option broker.
    I am quite satisfied with the working conditions.

  3. Ernest   •  

    I am very pleased with the nice bonuses that fly on the Expertoption site. Earnings under these conditions are pleasant, so I advise you to trade here

  4. Gregor   •  

    The best in terms of work, I now consider the broker Expert Option.
    While for work, this is really a great option.

  5. Charles Edward   •  

    I have been trading for quite some time, in particular on the Expertoption platform. I would like to point out the managers who are always on hand and will help and prompt, so I advise!

  6. Nick   •  

    For work, I now decided to choose a broker Expert Option
    As for me, in terms of work, this is an excellent option now

  7. Black Lucas   •  

    That’s what, and expertoption support is really awesome! They will always prompt and advise, and with any problem they will always and most importantly quickly find a solution!

  8. Nick   •  

    Now I consider the broker Expert Option the most profitable for work.
    As for me, for work this is now a very good option.

  9. Renaud   •  

    Expertoption provides pleasant trading conditions, and there have never been any problems with payments, and the rest is trifles, so I advise you!

  10. Romain   •  

    Payments come exactly in rows on the Expertoption platform, so I’m very pleased with this moment!

  11. James   •  

    During my work I really liked the Expert Option broker.
    As for me, it turned out to be really convenient and profitable to work with him.

  12. Otto   •  

    While working on the network I really liked the Expert Option broker.
    Although I have been working with him not so long ago, the feedback on working with him is only positive.

  13. Lucien   •  

    The guys from Expertoption are pleased with such percentages and even cool bonuses fly in. I also wanted to say thank you to the manager for the help and tips on the case.

  14. Joseph   •  

    Really great earnings on the Expertoption site! I have already worked with many companies, but these guys are really worth the time to earn money.

  15. Michael   •  

    In my opinion, now it turned out to be really profitable to work with a broker Expert Option.
    For work, this option suits me in all respects.

  16. Harry   •  

    I think Expertoption is one of the best platforms at the moment, especially the managers are pleased, for which I thank them

  17. Paul   •  

    Payments come surprisingly on time at expertoption, I thought it would be worse

  18. Gabe   •  

    So far, during my work, I really liked the Expert Option broker
    In my opinion, now this is really a very reliable and convenient option.

  19. Stokes Charles   •  

    As time shows, expertoption gives excellent earnings, as the conditions are pleasant and the interest is high

  20. Johns Ethelbert   •  

    For the fourth month I have been working on the expertoption platform. Great trading, I’ll tell you. High profit especially pleases

  21. Peter   •  

    So far, I really liked the Expert Option broker at work.
    During the work with him, the reviews are only positive – everything works fine.

  22. Wiggins Steven   •  

    I’ve been sitting on expertoption trading for about a year now, it’s a good platform, the main thing is convenient and easy to use, so it will be very convenient to work!

  23. Stanley   •  

    So far, for work, I really liked the Expert Option broker.
    As for me, in terms of work, this is a really reliable option.

  24. Hardy Ruthу   •  

    I advise expertoption trading to both novice and experienced traders! It’s easy and comfortable to work, and interest always keeps the bar high!

  25. David   •  

    In my opinion, the broker Expert Option turned out to be an excellent worker now.
    Although I have been working in this industry recently, I was quite pleased with the results of the work.

  26. Fabian   •  

    For work, I really really liked the Expert Option broker.
    At least, it turned out to be quite convenient and profitable to work with.

  27. Garrett Ira   •  

    Expertoption is the only platform of those where I traded, where payments were not delayed, and this surprised me very much, and in general I have no complaints

  28. Ronald   •  

    The most convenient and profitable job for me now seemed to be the Expert Option broker.
    I have been working with him for a long time, and so far I am quite pleased with the results.

  29. Edward   •  

    The results for four months of trading on the Expertoption platform really make me happy! For a long time I have not met such pleasant conditions for trading!

  30. Gabe   •  

    I have been working in this industry not so long ago, but now I consider Expert Option broker to be one of the best for work.
    The working conditions really seemed to me excellent.

  31. Gabriel   •  

    So far, I consider the Expert Option broker to be the best in terms of work.
    Of all the options in terms of work, this is now one of the best options.

  32. Richard   •  

    Trading on a platform like Expertoption is really nice! I would like to separately note the support that will always prompt and help, and this is always nice!

  33. Houston Charles   •  

    I have been withdrawing Expertoption for online trading for a year now, I can say with confidence – there are no problems with payments!

  34. Thomas   •  

    I am very pleased that I switched to the Expertoption platform. Now is the time that it’s hard to guess with the choice, there are many who don’t even withdraw money, but things are going very well here, and the other day the third payment has arrived!

  35. Laurence   •  

    I have already used a lot of sites, but Expertoption is now top for me! Very good and friendly support and managers, they will always prompt and help, therefore I give them the highest rating

  36. Peter   •  

    As for me, it’s quite convenient and profitable to use the Expert Option broker to work now.
    This option suits me in all respects.

  37. Cornelius   •  

    I deduce now on Expertoption. Very comfortable working conditions, one of the best trades, as for me, is pleased with stable interest income, a rare case!

  38. Jacob   •  

    In my opinion, it has now really turned out to be convenient and profitable to work with the Expert Option broker.
    So far, the conditions are fine with me, and there have been no problems with the withdrawal.

  39. Singleton George   •  

    It’s nice to work on a platform such as Expertoption, the conditions are suitable even for beginners, everything is simple and comfortable, so you can not worry about it

  40. John   •  

    I’ve been trading for almost a year now, I’ve been working on the Expertoption platform all this time, and you know, there haven’t been any complaints since then, even from the time when I still didn’t understand anything, we taught everything !!

  41. Mike   •  

    I prefer to use the Expert Option broker for work.
    This option seemed to me the most reliable and convenient.

  42. Lester   •  

    Good earnings are obtained on the Expertoption platform, I did not notice strong minuses on the platform, the main thing is that payments come on time, the rest is not important!

  43. Ernest Debrah   •  

    I want to know how comes one can loose his fund after he or she has made a deposit

  44. Brandon   •  

    As for me, now it has really turned out to be convenient and profitable to work with the Expert Option broker.
    So far, I consider this option the most convenient and reliable.

  45. Rodgers Buck   •  

    Expertoption is definitely the top platform for today. Very cool conditions for both experienced and novice traders, so try and make money

  46. Otto   •  

    In my opinion, it has now really turned out to be convenient and profitable to work with the Expert Option broker.
    So far, under the working conditions, I have remained quite pleased with him.

  47. Mike   •  

    In my opinion, now it really turned out to be beneficial to use the Expert Option broker for work.
    So far, I consider this option to be the most convenient and reliable for work.

  48. Yves   •  

    I have nothing to complain about working on the Expertoption platform, good trading which gives an excellent opportunity to earn money in the home

  49. Vernon   •  

    A friend of mine once advised Expertoption for online trading, it was a couple of years ago, it’s good that I listened to it, even now I’m sitting on their platform, I am happy with stable earnings!

  50. Havier   •  

    At work, I really liked the broker Expert Option.
    So far, I have liked this particular option for work many times better than the others.

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