Expert Option Review
Introduction and Background information
ExpertOption Limited
ExpertOption is an online trading platform which allows you to trade a range of financial instruments in a well-designed and easy to use interface. The platform began providing services in 2014 and executes more than 30 million deals every month. So far, more than 37 million accounts have been opened.
ExpertOption clearly indicates a list of countries and regions from which it cannot accept clients. These include the United States, Canada, Switzerland, New Zealand, Australia, Israel, the European Economic Area, North Korea, Japan, Sudan, and Puerto Rico.
To appeal to all clients within the jurisdictions where ExpertOption can operate, the website is available in 15 different languages.
These include English, Chinese (two variations), Thai, Hindi, Korean, Vietnamese, Arabic, Turkish, Bahasa (Indonesian), Bahasa (Malaysian), Portuguese, Spanish, Polish, and Tagalog. All 15 of these languages are also available for the web version of the ExpertOption trading platform
Account types
Minimum live deposit – $10
Demo Account – Yes – $10,000
500:1
There are five types of accounts available from ExpertOption, with each adding benefits but increasing the minimum investment.
The Basic account only requires a deposit of $50 but lets you upgrade to a higher status when you are ready to do so.
Silver accounts are the most common starting point, requiring a $500 minimum deposit.
Gold accounts start at $2,500, and Platinum accounts start at $5,000.
Exclusive accounts are by invitation only.
The Basic accounts get access to all the educational materials. You can have a maximum of 10 deals open at a time with a maximum deal amount of $25. Silver accounts include an introduction to a personal manager.
They upgrade the maximum deals to 15 and the maximum deal amounts to $250. They also add access to daily market reviews as well as financial research. The Gold accounts allow 30 simultaneously open deals of up to $1,000 per deal.
They also add priority withdrawal and increased asset profit of up to 2 percent. Those with Gold accounts and higher also get priority withdrawals.
Platinum accounts have a maximum deal amount of $2,000 and no limit to the number of simultaneously open deals. The increased asset profit becomes up to 4 percent, and you also get an account manager.
Those with Exclusive accounts get a senior account manager, increased asset profit of up to 6 percent, and maximum deal amounts of $5,000. This account type also adds access to strategies.
Note that regardless of the account type, the minimum investment amount for a single trade is $1. It is also important to note that certain account benefits require the client to request activation of that feature via email, at which point it will be manually activated.
ExpertOption offers a demo account for clients to explore the platform and hone their skills before investing real money. The demo account comes with a balance of 10,000 in virtual money. No registration is necessary. As soon as you click on the link, you will be shown a brief video titled “How to trade” to give you a guide to using the platform.
Instruments
CFDs ,Forex, Cryptocurrency, Shares, Commodities, Indices
ExpertOption truly excels in terms of its cryptocurrency offerings with Bitcoin, Ethereum, Ripple, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum Classic, Litecoin, IOTA, Monero, Tether, and Zcash.
For fiat trading pairs, ExpertOption has all the major crosses, such as CHF, EUR, AUD, USD, NZD, and GBP.
The equities include Coca-Cola, Tesla, Amazon, and Baidu.
In terms of commodities, you can trade oil, silver, and gold.
Education
The Basic accounts get access to all the educational materials. Education button on the trading platform, you will find a range of videos on the “How to get started” tab.
This includes quick videos to explain the platform toolbar, graph types, social trading, deposit methods, how to trade, assets, and a tutorial. Or you can go to the “Education” tab for access to a glossary, fundamental analysis, graphical analysis, technical analysis, trading strategies, and psychology of trading.
Regulation
ExpertOption is fully licensed by the SVGFSA, a governmental financial authority that allows the company to provide financial and trading services.
Currently the platform can be accessed from most locations worldwide, however ExpertOption is not authorised to accept U.S. citizens
Trading Platform
You can trade via their website or by downloading one of their apps.
Web, Mobile, Desktop Apps
ExpertOption has a range of technical analysis tools, including trend lines, four types of charts, and eight indicators.
Those who want to use the mobile application can download it via the Apple App Store or Google Play Store or just download the APK.
The desktop apps are available for either Windows or macOS. Alternatively, you can access ExpertOption without any downloads via your browser since the trading platform is compatible with all browsers.
ExpertOption also offers social trading, which lets you trade with friends or watch and follow global deals. In fact, ExpertOption markets itself as the leader for social trading networks. With the platform’s social trading, you can trade with friends and investors or watch them open their own deals in real-time.
Deposit and Withdrawals
Deposit options include major credit and debit cards, such as Visa, MasterCard, and Maestro, along with cryptocurrency and other options. These other options include UnionPay, WebMoney, Neteller, Skrill, Perfect Money, QIWI, Fasapay, and Yandex Money.
In terms of credit and debit cards, you can use MasterCard, Visa, Maestro, or Union Pay. Account holders can also utilize electronic payment methods, including Fasapay, Perfect Money, Skrill, and Neteller. Or you can withdraw via Bitcoin.
Fees (Account and spreads/commission)
ExpertOption does not charge commissions on transactions. However, your payment aggregator or payment system may take a commission.
Execution
Customer Support
You can take advantage of ExpertOption customer support in either English or Hindi. The English support comes with its own email contact and phone number and is available 24/7.
The Hindi support has a unique phone number and unique email address with support from 10:30 to 19:30 India time.
There is also an online chat and the ability to fill out a contact form. 24/7 customer care from ExpertOption is also available via the mobile applications.
+44 20 3868 3160 – 24/7
000 800 443 0002 – Hindi
Promotion
ExpertOption recently began to offer 100% bonuses to all first depositors. The introduction of a bonus system owes largely to popular demand, and see’s traders claiming a much needed boost to begin trading.
The 100% bonus can be claimed from deposits starting at $30, and traders will have one hour following the creation of their account to take advantage.
Conclusion
