ExpertOption review and tutorials

Expert Option

Detailed ExpertOption Review 2020: Forex, CFD'S and Crypto Regulated Broker

ExpertOption offers digital trading on Forex, Cryptocurrencies, commodities, indices and stocks. This high risk / high reward trading is only available to certain regions.

Expert Option

ExpertOption trading information

Bonus
100% Deposit Match
Instruments
Binary Options
Demo Account
Yes
Min. Deposit
10 $/€/£
Min. Trade
1 $/€/£
Regulated By
Financial Services Authority of St. Vincent and the Grenadines (SVGFSA)
MT4 Integration
Yes
Mobile Apps
iOS and Android
Auto Trading
No
Trade Signals
No
Islamic Account
No
Expert Option

Forex

GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
N/A

CFD

FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
N/A
Stocks Spread
N/A

Cryptocurrency

Spread
N/A
Coins
N/A

Official ExpertOption Registration

Expert Option Forex Broker Review 2020
Expert Option Review: brokers website

New ExpertOption broker review – updated July 1st, 2020.

ExpertOption is a popular online broker offering fast on-line trading and digital options. This analysis covers the trading site, the mobile trading program, the method of withdrawal and deposit and the demo account information. We also analyze every form of account and offer binary trading and digital options strategies.

ExpertOption review
Company Details

In 2014, ExpertOption started offering services to traders, and currently executes more than 30 million deals a month. Currently the company boasts 9 million customer accounts.

The goal of ExpertOption is to deliver a completely transparent online trading experience. To this end, it offers an intuitive trading platform and plenty of educational materials for its users.

Consumer satisfaction here is obviously a priority, and the company has over 100 account managers that work on a number of specific customer needs. ExpertOptions also aims to offer the industry’s fastest-trading possible through its own dedicated platform.

ExpertOption review
Trading Platform

ExpertOption supplies users with a number of intuitive trading platforms, together with the choice to trade through the net, mobile application or dedicated desktop program.

While many agents decide to create use of an present platform (typically MetaTrader 4 or MetaTrader 5) to conserve time, ExpertOption instead created its own platform that’s fully customisable and can be tailored to the demands of every customer.

It follows that all features available from ExpertOption are readily incorporated, whether the consumer is trading by means of a desktop computer or mobile device, even though the drawback is that there are no external service tools out there.

But with this kind of intuitive interface, it is unlikely that consumers will need external resources to know how to exchange with ExpertOption.

ExpertOption Review - Dashboard
ExpertOption Review: Trader dashboard

ExpertOption review
Assets/Markets

ExpertOption offers opportunities to trade in the markets below. It is however worth noting that the offered instruments can differ depending on the country of residence of the trader:

• CFDs
• Forex
• Shares
• Cryptocurrency
• Commodities
• Indices

ExpertOption Review: Assets
ExpertOption Review: Available Trading Assets

ExpertOption review
Spreads & Commission

ExpertOption pays £5 for any winning trades. The company will take up to 5% on winning trades when it comes to payouts, which is below the industry norm that can sometimes be as high as 15%.

Spreads can vary depending on the type of account that the user selects, and can be as small as 0.1 points.

Although spreads on standard accounts generally start higher, ExpertOption remains a competitive broker to trade with.

It is worth noting that spreads, depending on market conditions, can increase or decrease during different periods.

ExpertOption review
Fees

ExpertOption is free to enter and is completely free to trade. There are no trading costs, except for the above commission on winning trades.

ExpertOption review
Leverage

Leverage levels with ExpertOption can differ according to the trades the user is considering.

Leverage is set at 1:30 for most forex pairs, such as EURUSD. This level is imposed on all regulated brokers by officially sanctioned regulation.

Minor forex pairs such as EURNOK, NZDUSD, AUDCAD, USDSGD and EURPLN have a fixed leverage of 1:20. Max leverage is 500:1 on other trades on the ExpertOptions platform.

ExpertOption review
Mobile Apps

ExpertOption has smartphone applications dedicated to Android and iOS users. Both are available for free from the Google Play Store or from the Apple App Store.

Additionally, users may download the file installing Android.apk directly from the website of ExpertOption.

Each mobile app is highly rated in the app stores and it is easy to see why.

With fast withdrawals, access to a free trial account and access to more than 100 different trading instruments complete with qualified trading conditions, ExpertOption goes above and beyond giving full control to mobile users.

The only downside, perhaps, is that a mobile device’s limited screen size will restrict the use of the valuable technical analysis features of the application.

Those wishing to get a little more advanced are recommended to use ExpertOption’s dedicated desktop application or online edition of Expert Opinion.

ExpertOption Review - Mobile Trading
ExpertOption Review: Mobile & Desktop apps

ExpertOption review
Payment Methods

ExpertOption offers many different deposit / withdrawal options for customers, each helping to make the brand accessible to all traders around the world.

Deposits

Deposits can be made using methods such as:

• Credit/debit card (MasterCard, Visa and Union Pay)
• Skrill
• Neteller
• Fasapay
• Perfect Money
• Bank Transfer

Most forms of payment are processed instantly, but certain bank transfers take several hours. All deposits are duty free. The minimum deposit will be just £10.

Withdrawals

Withdrawals can also be rendered directly to a Bitcoin wallet, in addition to the deposit methods used.

The withdrawals are processed that same day and must be done using the same deposit form (up to the deposit amount). It is the best procedure for helping to stop money laundering.

Expert Option review
Demo Account

ExpertOptions provides its customers with a trial account to refine their skills and test the platform before any real money is spent.

Demo accounts come in virtual funds with a balance of £10,000, and no registration is needed for accessing the demo.

It is helpful because many potential customers are put off by having to have paperwork and personal details to try out a demo account, because this means that the company does not have any personal contact details to push you to register after completing the experience with a real account.

It is a symbol of a firm confident in what it has to deliver.

Ultimately, the trial account for ExpertOption is extremely useful because it allows users access to all the basic features that are priced because described on a live account.

It offers new users the ability to try to see if their trading style fits well with ExpertOption platform.

ExpertOption review
Deals & Promotions

ExpertOption offers bonuses of up to 100% for new users, dependent on how much they deposit at first and the sort of account they choose.

However, users are told to read the terms and conditions regarding bonuses, as many ExpertOption promotions tend to have strict requirements for receipt.

Some bonuses require a turnover of x50 the original stake prior to activation, and this can lock up the funds deposited until the user reaches the agreed-upon turnover volume.

However, it is possible for users to cancel bonuses if they have not yet used them and are unhappy with the terms.

ExpertOption Review: Results
ExpertOption: Trade results

ExpertOption review
Regulation & Licensing

ExpertOption is at the moment licensed through the St. Vincent and the Grenadines Financial Services Authority (SVGFSA).

This governmental authority allows ExpertOpinion to offer trading and financial services, meaning the brand can be seen as transparent and fair.

Today, the platform can be accessed from a lot of locations around the world, even though US traders are today not permitted to agree.

Nevertheless, the platform is constantly considering expansion into new territories and is accessible from most Europe.

ExpertOption review
Additional Features

ExpertOption features on its website an incredibly vast education section which can be of big importance to traders at all levels of skill.

Traders will be in the know about various strategies that include trade indexes, currencies, binary options and more.

Users can access a number of videos and articles designed to help them make better trading moves. Besides these tutorials, traders can also browse a detailed list of all applicable terms of trade and their meanings.

One of the most creative aspects of the ExpertOption platform is the social trading alternative, where users can review VIP traders’ behavior and get motivated to try out new strategies based on the professionals’ trading decisions.

ExpertOption review
Account Types

ExpertOption provides the following forms of account:

Mini Account:

• Bonus 50%
• Maximum deal of £50
• Maximum of 10 deals at one time
• Educational materials at disposal

Silver Account:

• Bonus 80%
• Maximum deal of £100
• Educational materials at disposal
• Personal account manager
• Maximum of 15 deals open at one time

Gold Account:

• Bonus 100%
• Maximum deal amount of £300
• Educational materials at disposal
• Personal account management
• Consultation with noted trading pros
• Priority (quick) withdrawals
• Increased asset proffiy
• Unlimited simultaneous deals

VIP Account:

• Bonus 125%
• Maximum deal amount of £1000
• Access to a lot of educational materials
• Personal account manager
• Priority (quick) withdrawals
• Consultation with top-notch trading gurus
• Increased profit on assets
• Individual analysis of the user’s trading history
• Unlimited simultaneous deals

This scope of accounts encompasses most customer needs. All accounts are versatile and offer several advantages and every account can be customized to suit the trader’s own needs.

ExpertOption review
Benefits

• Low minimum deposit (just £10)
• Large maximum returns (up to 95% of winning trades)
• Intuitive platform that is easy for novices
• Desktop and mobile apps access
• Vast offer of educational materials to benefit traders of all levels of knowledge
• Zero commission when it comes to deposits and withdrawals
• Large bonuses (Non-EU clients)
• Personal account manager
• Useful analytical tools that result in smarter trading
• Various kinds of funding options
• Trade on many instruments
• Good client care

ExpertOption review
Drawbacks

• United States trading currently not available
• Short-term options
• Not regulated in Europe
• No MT4/MT5 support

ExpertOption review
Trading Hours

The ExpertOption platform is available 24 hours a day, 7 days a week, 365 days a year and can be accessed via mobile or desktop computer at any time.

It’s good to remember though that not every market is available 24/7! This means that while you can access ExpertOption whenever you want to log in, trading is limited to the hours that the markets on which you wish to trade are available.

The London forex market is open from 3 am to midday GMT, for instance.

The forex market in New York, by comparison, is available from 9 am to 5 pm GMT. Sydney operates from 5 pm to 2 am GMT while the Toyko market opens from 7 pm to 4 am GMT.

Although there are still incentives for trade, you can be time-limited if you’re just trying to trade in those markets.

ExpertOption review
Contact Details/Customer Support

Customer service ExpertOption can be accessed in either English or Hindi. Customer service is provided 24/7, and response times are generally good.

Customers may choose to contact customer support via email, telephone or a customer care form embedded in the dedicated mobile app ExpertOption.

English Contact Details

Email: [email protected]

Phone: +44 20 3868 3160

Hindi Contact Details

Email: [email protected]

Phone: 000 800 442 0002

Registered Company Address:

305 Griffith Corporate Centre

Beachmont

1510

Kingstown

St. Vincent and the Grenadines

ExpertOption review
Safety and Security

ExpertOption uses the latest encryption techniques to guarantee complete privacy and security for all transactions. That means keeping the customer data safe.

Customers’ ability to fund their accounts using eWallet accounts means they don’t need to disclose their own banking info, which is seen by many as a plus in the fight against frowned-upon services and hackers who are keen on getting their hands on banking data.

Registration in St. Vincent and the Grenadines with the relevant government authorities means that ExpertOption has been deemed accurate, open, equal and trustworthy for providing financial services worldwide.

In top tier banks, customer funds are kept in segregated accounts, which provides security in the event of an sudden closure of the company.

With strict IT measures and regulations in place to ensure following rules in the finance industry, it is safe to say that traders who use ExpertOption are adequately protected from loss of funds or data breaches.

Overall Verdict

ExpertOption provides many major advantages over several of its rivals as an proven broker complete with its own unique trading platform.

Although some may point out the lack of regulation in Europe and a lack of trading facilities for those residing in the US, the company remains competitive in terms of fees and commissions, and that’s more than enough incentive for some traders to choose.

In addition to excellent customer care, the facility provides wonderful educational facilities.

It is clear that ExpertOption is a serious broker who wants to help their customer base thrive, regardless of whether they are a regular account holder or VIP account holder.

Fees are among the industry’s lowest, and incentives will help consumers further optimize winning trades.

Accepted Countries

Expert Option accepts traders from Indonesia, South Africa, Hong Kong, India, Denmark, Italy, the United Arab Emirates, Kuwait, Luxembourg, Qatar, Saudi Arabia and several other countries.

Traders do not use the platform and website from the USA, Canada, Switzerland, Israel, New Zealand, Australia, Singapore, Bulgaria, United Kingdom, France, Germany, Ireland, Denmark, Sweden Expert Choice.

Expert Option

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

Expert Option
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