In this detailed expert option trading review, you will get to know about a popular online broker that provides their clients with a chance to invest in different instruments, for example, digital options. During the review, it came to know that the platform offers its traders a chance to trade more than 100 different types of assets, including different cryptocurrencies. The company is active since 2014.
As a new trader, you might have a common question like whether the expertoption is safe to use or not? Well, in this review, you will get your answers. Besides, you will know how to start trading through Expert Option. So, let’s get started with it.
Established in the year 2014, ExpertOption is licensed by the Financial Market Relation Regulation Center. Even though the company is new, they have utilized their licensing factor to their advantage. The platform comes with an easy to use and understand interface and enables its clients to carryout out trading of different financial instruments. One can trade through its website as well as the company’s mobile app.
Starting from the year 2014 to till now, it has abled to get more than 30M accounts. Besides, 30M+ deals execute every month through this platform. The company gives maximum priority to their clients and ensures 100 percent customer satisfaction. For this, it has around 100 account managers.
ExpertOption has another company called Vestede Limited, located in Gibraltar. The primary purpose of the company is to handle the payments for ExpertOption.
The best thing about it is the trading platform provided by the company is developed in house using advanced technology. Besides, it shows real-time, accurate market data by well-known analytical agencies. Another unique feature about it is, it offers a USD 10,000 Demo account and the education center where traders can learn about fixed time trading.
So, it can be said that it is a decent online trading platform for both beginners and professional traders.
Expert Option scam?
Well, the answer is no. It is a legally registered company. Speaking more about it, the company is licensed by the FMRRC- Financial Markets Regulations Center having the certificate number 0395 AAvv0084. On the other hand, ExpertOption is regulated by VFSC- Vanuatu Financial Services Commission.
Some online brokers only provide their E-mail address that makes it harder for traders to contact their customer support. However, ExpertOption has provided their detailed contact information. Talking about the safety feature of the website, it is SSL encrypted. That means all the transactions or information available on the company server is AES 256 encrypted. Well, sometime you may face little delay in the withdrawal process and may see wrong account balance, but all such errors are temporary and not an expert option scam. Even though the broker is active in the trading field for just five years, you can still trust it for trading.
Registration and authorization
Before exploring the steps to open an ExpertOption account, let’s have a look at the eligibility requirements.
- The broker admits persons only from the eligible countries. It doesn’t offer its services in countries like Canada, Bangladesh, Australia, the USA, European Economic Area, Sudan, Yemen, North Korea, Switzerland, Puerto Rico, and more. Please visit the official site for more details.
- You must fulfill the legal age criteria.
For “Real Account” registration, you need to click on the “Real Account” option, located on the top right corner. On the next screen, you need to enter your registration details. Once done, accept the terms and conditions. Then click on the “Open Account” button. You can also open an account using your Facebook or Google+ account.
In the next step, you will have to verify your identity. For your identity verification, you may ask to submit some documents such as ID card having your personal details, passport, driving license, utility bill, or a bank statement.
After the completion of the verification, you need to deposit your funds. The expert option minimum deposit amount is USD 10, for opening the Micro account. Well, it can vary based on your account type. For example, for the Basic account, it is USD 50, for Silver, you will have to deposit USD 500. There is also the Gold account, which minimum deposit limit is USD 2500. If you want to go for the Platinum account, then you will have to deposit USD 5000. The company also has an Exclusive account option. For this, traders are advised to contact their account manager.
If you want to delete or close your account with ExpertOption, then you should get in touch with their customer support team. For this, you can use the online contact form and phone number available on the site. Besides, you send your request to email@example.com. However, it is not advisable to close the account as once done; you can’t recover it later.
You can explore all the features of expert option online trading using the demo account. This account will help you to enhance your trading skills before you enter the real trading environment.
The best thing about its demo account is, you will get USD 10,000 virtual money. Besides, it doesn’t require any registration. As soon as you click on “Free Demo,” you will find a video where you can learn how to start trading.
The demo account is quite helpful as it has all the features and designs that you will get in your real account.
It has been observed that many new traders feel secure knowing that there is no need to provide any personal information to use the demo account. Besides, the platform doesn’t pressure anyone to open the real account.
Deposit and commission
To deposit funds, you need to click on the “Finances” tab located on the trading platform. Now, you need to click on “Deposit.” Then select the currency, amount, and deposit method.
You can make the deposit using your credit or debit cards. It supports MasterCard, Visa, as well as Maestro. It also accepts payment in the form of cryptocurrencies. Talking about some other options, you can deposit using Skrill, WebMoney, UnionPay, QIWI, Fasapay, Perfect Money, Yandex Money, etc. The platform doesn’t charge any fees to deposit.
ExpertOption doesn’t take any commission on any transaction. However, the commissions can be charged by the payment aggregator or payment systems.
The platform facilitates 20 types of payment systems. While withdrawing, you will have to use the same payment option that you have used during payment. After the withdrawal of the initial deposit, you are free to choose other withdraw methods to withdraw the remaining funds. Such methods help in preventing money laundering. The minimum expertoption withdrawal amount is USD 10. It can take two working days to get the amount credited to your account. You can also check out the expert option withdrawal proof to know the truth.
ExpertOption mobile trading
Those who want to stay connected to the trading can take advantage of the expertoption mobile trading feature. You can download the official app from the Google Play Store as well as Apple App Store. Just like the desktop version, the app also comes with all the features along with the functionality. You can also open an account using the app. However, like the desktop edition, the app doesn’t support expert option USA. It supports 26 different languages and offers instant notification. The app is fast and highly secure. Using the app, you can also get access to different online educational resources to learn the basics. It may include daily market analysis, online webinars, video tutorials, and more. For beginners, this can be a great option.
Company name: ExpertOptoin Ltd
Address: 305, Griffith Corporate Centre, Beachmont, 1510, Kingstown, Saint Vincent, and the Grenadines.
Contact number: +44 20 3868 3160
Email address: firstname.lastname@example.org
Reviews of traders
- I have been using the platform, both the mobile and desktop platform, for the last two years without facing any issues till now. It seems to me to be quite effective and transparent. The app is just amazing. The best thing is it provides an instant update about the market. Now I can trade while traveling. In terms of withdrawals and deposits, the experience till now is smooth. I got my money within 2 to 3 working days. The customer support team is also very professional. Thank you for your fast services- Jonathan
- One of the best things about ExpertOption is its demo account. You don’t have to submit your personal info to use this account. That’s just great. As a new trader, the app helped to learn a lot of things and the basics of trading. I am also using its app, which is quite fast and simple to use. I will definitely recommend other traders to try the app. -Richard Thompson
- I have been trading for three years, in particular on the ExpertOption trading platform. I would like to thank the account managers who are always on hand. They have always helped me whenever I have any doubts. My experience with this broker is amazing. V Charles Edward
- The company offers a pleasant trading condition. The withdrawal process is very fast. -Renaud