Expert Option Review 2020 – ExpertOption is a leading digital brokerage, established in 2014 the platform is available in more than 150 territories and can boast to have in excess of 30 million registered traders. Offering 100+ trading instruments, ExpertOption provides customers with the opportunity to trade; Commodities, Forex, Cryptocurrencies, and Stocks. Downloadable for iOS and Android devices, ExpertOption is also available as a desktop application for Mac & Windows, this is in addition to browser access, meaning trading accounts can be accessed through a variety of means for added convenience. Check out more Digital Options trading brokers or Binary Options Brokers.
Key Information – ExpertOption
Company Name: ExpertOption Limited
Location: Saint Vincent & the Grenadines
Address: Griffith Corporate Centre, 1510, Kingstown, Suite 305, Saint Vincent & the Grenadines
Founded in: 2014
Regulation: Financial Services Authority St. Vincent and the Grenadines (SVGFSA)
Demo Account: Yes, Free $10,000 Demo
Minimum Deposit: $10
Bonuses: 100% First Deposit Bonus.
Platform Features – ExpertOption
When choosing the best broker for you, it’s wise to research the features available, as often this can be the deciding factor. Not many platforms can claim to offer the variety and depth of features that ExpertOption does, here a just a few of the most significant;
- Free $10,000 Demo:
The company provides a free $10,000 demo account, which can be accessed at any time by a single click and without registration. The data is identical to a real account and is the perfect way to begin learning and implementing new trading strategies in a risk-free environment.
ExpertOption has been fully licensed by the SVGFSA, a governmental financial authority that allows the company to provide financial and trading services worldwide; however, ExpertOption is not authorized to accept U.S. citizens, although the further expansion is being considered.
- Extensive Educational Materials:
To complement the free $10,000 demo, ExpertOption provides a whole host of vital educational materials, including everything from written analysis of key trading tools such as indicators and signals, to in-depth video tutorials.
- Social Trading:
This wonderful feature allows traders to monitor the deals of top traders, providing the opportunity to copy trading strategies and maximize profits.
- 24/7 Customer Support:
Significantly the company provides support services 24/7, meaning you’ll always be able to reach a representative no matter what time of day it is. The live chat facility supports a wide range of languages, which is in addition to the email ticketing system, contact form, and phone support.
ExpertOption Account Types
With ExpertOption traders can open a real account for as little as $10, this would obtain a Micro status account, in total there are six account types, each providing their benefits from increased profit percentages to priority withdrawal. It’s worth bearing in mind that each deposit counts towards improving the overall account type so that traders can work their way towards Platinum status incrementally.
The Exclusive account type is the most prestigious, although this is reserved for VIP traders and is available by invite only. While carrying out ExpertOption Review 2020, we found they are offering six types of trading accounts – the Exclusive Account is by invitation only which is for investors with more than $5000 deposit.
Fund Deposit and Withdrawal
Deposits can be made using any of the 20+ payment systems that have been integrated on the platform, some of the supported payment types include;
● Visa ● MasterCard ● Maestro ● Wire Transfer ● M-Pesa ● UnionPay ● Skrill ● Neteller ● OrangePay ● ePayments ● Perfect money ● WebMoney ● Cryptocurrencies such as Bitcoin, Ethereum and many more.
Withdrawals on ExpertOption are streamlined to make the process as fast as possible; on average; requests are processed within two full business days.
ExpertOption Review 2020 – The trading platform
Trading The ExpertOption platform is a proprietary product; traders are fed data in real-time to aid in the decision making process. Furthermore, numerous signals and tools of analysis are readily available, including; four chart types, eight indicators, and multiple trend lines. Before beginning, traders should first determine the asset, they would like trade with, before selecting a time period, which ranges from 1-5 minutes. Once this has been done and assuming the chart is set up in the desired way – then it is time to choose an investment amount and predict how the price will change over the set time (Up or Down). Before making your prediction, ExpertOption provides strike rates, which provides traders with the ability to manage the level of risk – higher risk means higher rewards while lowering the risk involves smaller earnings but less risk of loss. Rather handily, a deal that doesn’t look promising can be canceled at any time, which allows traders to recover a portion of their investment in what would otherwise have been a loss. Check the ExpertOption Tutorial below.
The traders can get a firsthand experience of the trading platform by registering for a Free Demo Account. You need not deposit any money for a demo account.
Bonus Deposit – Know the Bonus terms
Not to be overlooked, ExpertOption offers a 100% bonus for all first deposits. This is mightily useful as it essentially doubles a new traders’ money before they’ve even begun! The 100% bonus can be claimed from deposits starting at $30, and traders will have one hour following the creation of their real account to take advantage. It’s vitally important to be aware of the fact that accepting the bonus offer does not in any way impede the ability to withdraw as is the case with other brokers, at ExpertOption, if you choose to accept the bonuses on offer, you’ll still be eligible to withdraw any time. The bonuses have also been made available to existing traders; however, the percentage on offer differs from that of first-time depositors.
The traders must know the Bonus terms and conditions before availing it. Most of the traders avail the bonus without knowing the terms and conditions, which creates confusion.
Final Verdict – ExpertOption
If you’re searching for a broker to help you increase your income, ExpertOption could be just what you’re looking for! The platform is totally jam-packed full of features, the aforementioned social trading, in-depth educational materials, not to mention the free $10,000 demo account. The company continually strives to improve its offering so users can experience a trading platform unrivaled by any competitor. The bonuses are a welcome addition providing a much-needed boost to new and experienced traders alike, as does the low minimum deposit of $10, which gives those who might not have had the opportunity a chance to participate. Finally, the numerous deposit and withdrawal options mean no matter where in the world you live, you’ll find a suitable method for you, further cementing ExpertOption’s status as one of the fastest and most convenient trading experiences available on the market.