ExpertOption Review 2022

Since its establishment in 2014, ExpertOption has garnered a devoted customer base by proving itself to be one of the trading platforms with the highest levels of credibility and dependability available. Over 30 million trades are processed every single month on ExpertOption’s platform. It is accessible in more than 150 countries, and there are more than 65 million users registered across the globe.

ExpertOption was awarded the title of “Best Trading Platform” at the China Trading Expo, which took place in Shenzhen in May of 2017. In this review of Expert Option, we are going to investigate the legitimacy of ExpertOption and explain how you can determine whether or not it is the trading platform that best suits your needs.

Analysis of Expert Opinions

The SVGFSA has authorized ExpertOption to operate as an internet broker. It boasts a number of benefits that set it apart from its rivals, including a cheap minimum deposit, an original platform, rapid customer support, no fees on transactions, and high-quality instructional content. On the other hand, there are a few disadvantages to it. Clients from a large number of countries, including the United States of America, Canada, and the countries of the European Union, are not accepted. If that sounds like something that interests you, ExpertOption is an excellent broker with which to get started trading.

Regulation

ExpertOption holds license number 15014 from the Vanuatu Financial Service Commission (VFSC), which oversees the company’s operations. The Financial Market Relationship Regulation Center is responsible for monitoring and approving all of this broker’s business activities (FMRRC). Volunteers are needed for monitoring at this non-governmental organization in Russia, which provides this service.

Buying and Selling Platforms

The platform provided by ExpertOption is user-friendly and provides instructional content, enabling customers to make more informed choices through the utilization of strong analytical tools. Traders additionally benefit from an accurate feed and swift transaction execution thanks to this feature.

ExpertOption established its own platform that is entirely configurable and can be changed to meet the requirements of any client, in contrast to the majority of brokers, who decide instead to save time by using existing platforms such as MetaTrader 4 and MetaTrader 5. This means that all of ExpertOption’s capabilities may be simply incorporated, and it doesn’t matter whether the user is trading on a desktop computer or a mobile device; this is the case regardless.

However, because the interface is so straightforward, it is highly unlikely that customers will require any more resources to navigate ExpertOption. The trading platform enables social trading, which enables users to observe the deals made by top traders and even mimic their techniques in order to optimize their profits.

Mobile App

The mobile app, just like ExpertOption’s other platforms, gives customers access to a wide variety of stocks and more than one hundred different assets, and it also facilitates the execution of trades in a prompt manner. It provides live, up-to-the-minute quotes, is intuitively designed, was built in-house, and comes equipped with extensive analytical capabilities all at the same time.

Types of Accounts

Creating an account with ExpertOption is a breeze and takes very little time. You can also sign up by using an account you already have with Google or a social media platform. The only requirements are that you give an active email address and create a password for the account. A real account with ExpertOption requires a minimum deposit of fifty dollars, but this number might vary based on the type of account you want to open; nonetheless, in general, a deposit of at least this much money is required. The table that follows provides a comparison of the six distinct accounts that can be held on the platform ExpertOption.

Free Trial Account

Demo accounts are available to customers of ExpertOption so that they may test their skills and get a feel for the platform before spending real money. Demo accounts come pre-loaded with a fictitious sum of $10,000, and users are not required to sign up in order to make use of the account.

This is great because many potential new customers are put off by the requirement to give documentation and personal information just to try out a demo account. It also means that the broker does not have any personal contact information with which to pressure you into registering for a real account after you have tried it out. This is a win-win situation for both parties. This is a sign of self-assurance on the part of the broker, as their abilities have been demonstrated to be strong.

Clients have access to all of the fundamental features and prices that are available on a live account when they use the demo account that ExpertOption provides. This is a very beneficial feature that contributes to the overall usefulness of the demo account. This affords new users the opportunity to test the waters and determine whether or not their trading approach is suitable with the platform.

Alternative Methods of Depositing Money

Deposit options are available in a wide variety through Expert Option. The complete list is as follows:

• Money Transfer Via Wire

• MasterCard/Visa

• Maestro

• PayPal

• QIWI

• WebMoney

• Money from Yandex

• Skrill

• Neteller

• PM

• UnionPay

• fasapay

• epayments

Available Crypto currencies

The following is a list of all of the cryptocurrency that are available for trading through ExpertOption:

• Bitcoin

• Ethereum

The Bitcoin Cash Symbol

The Bitcoin Gold Currency

• Ripple

• Dash

• The original form of Ethereum

• IOTA

• Monero

• Litecoin

• Tether

• Zcash

Deposits and Withdrawals are Permitted

Both the depositing and withdrawing processes at ExpertOption are very speedy. This particular broker will take more than 20 different forms of payment, giving customers a wide range of choices when it comes to how they can make their payments. Credit or debit cards issued by MasterCard, Visa, Maestro, or UnionPay are accepted as methods of payment from customers. In addition to that, it is compatible with e-wallet services such as Skrill and Neteller, as well as FasaPay and Perfect Money. You have access to the eo.finance platform through ExpertOption, which facilitates transactions including payments and funding.

Withdrawal

The same forms of payment are accepted for withdrawals from your ExpertOption account as they are for deposits, such as credit cards, e-Wallets, cryptocurrencies, and so on. You are need to utilize the same mode of payment that you used to establish your account in order to be able to take money out of your account until you have taken out the amount that you first invested. After that, you have the option of selecting a different payment method for the balance of the monies, if that is something you would like to do. Because doing so lowers the likelihood of money laundering, brokers routinely engage in this business practice.

The smallest amount that can be withdrawn from the broker is ten dollars. In the vast majority of instances, requests are fulfilled within a span of two full working days. It is possible that ExpertOption will request the scanning of more papers from you, however this will depend on the type of withdrawal requested. In this particular instance, the request for those documents will be sent out by email.

ExpertOption wants you to provide some sort of identification verification before it will allow you to make a withdrawal request. Your account will not be able to be compromised thanks to this additional layer of security. The payment processing offered by ExpertOption does not involve any commissions or additional fees of any kind.

Minimum Deposit

With ExpertOption, the minimum deposit required to open an account ranges from $10 for the micro account all the way up to $5,000 for the Platinum account.

Deposits can be made using a variety of payment methods, including cryptocurrencies and major credit and debit cards like MasterCard, Visa, and Maestro, in addition to other options. There are also a number of alternative options available, including UnionPay, WebMoney, Neteller, Skrill, Perfect Money, QIWI, Fasapay, and Yandex Money.

Research

There are a total of eight indicators, four different kinds of charts, and trend lines available for use on ExpertOption’s platform for conducting technical analysis. On the Analytics tab of the platform, you will also have access to additional resources. There is a tab in that section that is devoted to significant news, which is followed by sections that are devoted to assets and stocks. The Stocks page displays a world map that includes time zones and highlights the many stock exchanges that are supported.

If you click on any of the stocks, you will be presented with a concise summary of the exchange, which will include information on its headquarters, the year it was established, the working hours, and the income.

Education

The clients of ExpertOption have access to educational resources, which are intended to help them make informed decisions. Under the “How to get started” title on the Education page of the trading platform, you will find a variety of videos in addition to the articles that are available for you to read. You will find instruction about technical analysis, fundamental analysis, graphical analysis, trading methods, and trading psychology, as well as a Glossary. In addition, there are seminars, video courses, and daily market analyses that may be found online.

The educational materials provided by ExpertOption cover a wide range of topics. A number of different trading methods are discussed in this article, including the Engulfing Candlestick, Tweezers, Squat Candlestick, Three Methods, Reversal Moving Average, Breakout, Bollinger Band, and Alligator Trading Methods. In addition to a description of the technique, you will receive a how-to guide as well as examples presented in the form of charts.

In the domain of technical analysis, the Moving Averages, Alligator, and Bollinger Bands guidelines, as well as the Trend, support, and resistance line guides, are available for your use and benefit. Again, each guide includes step-by-step directions on how to implement the analysis, in addition to a detailed description that is illustrated with charts and photographs. Examples of graphical analysis subjects include trend continuation patterns, trend reversal patterns, candlestick analysis, fibonacci retracements, and elliot wave analysis. The instructional materials for fundamental analysis include a guide that covers fundamental indices at the most fundamental level.

The educational area of trading psychology is one that the majority of brokers do not provide, thus the section on the psychology of trading is very intriguing. Trader Psychology, Successful Traders, and Individual Trading Psychology are some of the themes that are covered in this section.

Fees

The registration process and trading on ExpertOption are both completely free of charge. There are no expenses that are linked with trading other than the commission that is paid out on successful trades. However, a fee may be assessed by either your payment system or the payment aggregator you use.

Commissions and Spreads both apply.

At ExpertOption, a commission of $5 is applied to every trade that is completed successfully. In terms of rewards, the broker has the ability to take up to 5% of successful trades. This is a lower percentage than the standard in the business, which is up to 15%. Spreads can be as low as 0.1 points depending on the account type that the user chooses, and they can vary from account to account. It is important to note that spreads can either narrow or widen depending on the conditions of the market at any given point in time.

Leverage

The leverage rates offered by ExpertOption are dynamic and alter depending on the trades that the investor is considering. For most currency pairs, including EURUSD, the leverage is always set at 1:30. This requirement is stipulated in a rule that has received official sanction and is applicable to all licensed brokers. The leverage on relatively insignificant currency pairings, such as EURNOK, AUDCAD, NZDUSD, USDSGD, and EURPLN, is set at 1:20. The maximum leverage available for other types of trades on ExpertOption is 500 to 1.

Bonuses

ExpertOption only recently began offering first-time depositors incentives of up to 100% of their initial deposits. The primary reason for the strong demand for the bonus system is because traders believe it will provide them with the necessary boost to begin trading. Traders have one hour after their account is created to make a deposit of at least $30 in order to qualify for the 100% bonus, which is accessible to them if they choose to take advantage of it.

If you take incentives from ExpertOption, unlike with other brokers, your ability to withdraw money will not be restricted in any way. Even if you decide to accept the bonuses that are being offered, you will not be prevented from making a withdrawal at any point. The bonuses are also available to existing traders; however, the percentage that is offered to them is different from the percentage that is offered to new deposits.

Assistance to Customers

The importance of providing excellent service to customers is something that ExpertOption has made very evident. The reps or agents are easy to get in touch with, they are informed, and they are pleasant to do business with. They go above and above to satisfy the requirements set forth by their customers as part of their commitment to provide superior customer service and to uphold their reputation as a reliable broker. You can get in touch with customer support via phone, e-mail, or the live chat feature on their website. The online chat service is available all seven days of the week, at all hours of the day. Over one hundred account managers are employed by the broker and are responsible for meeting the numerous requirements of customers. In addition to this, ExpertOption guarantees speed by utilizing its very own specialized platform.

If you wish to send an email, you will need to fill out the query form that is located on the website. Only the needed information needs to be provided, such as your name, phone number, email address, and message. After that, a seasoned representative will get in touch with you. You can also get in touch with ExpertOption by calling the number provided. Simply select the nation you wish to call from and dial the ExpertOption number. The city’s tariffs, which are denoted within brackets, will be applied to the billing for any and all outgoing calls. These will be different for you depending on who provides your phone service.

The following languages are supported by ExpertOption’s customer service team: English, Hindi, Chinese (both simplified and traditional), Thai, Indonesian, Malaysian, Filipino, Korean, Vietnamese, Spanish, Polish, Portuguese, Arabic, and Turkish. These languages are accessible for use on the web version of ExpertOption; however, the mobile version is only available in English and Hindi. These are the only two languages available.

Information to Contact Me:

• The telephone number in England is +44 20 3868 3160

• Hindi Phone Number: 000 800 443 0002

• To contact us through email in English, please use english@expertoption.com

• Hindi Email Address: hindi@expertoption.com

Is There a Catch with Expert Option?

ExpertOption is in no way a broker that engages in fraudulent activity. Traders have a fantastic opportunity to get started with online trading at little cost with ExpertOption. They have micro accounts that require a small payment in addition to premium accounts that are at a higher level. Both the company’s client service and its selection of trading tools are of the highest possible quality.

The Financial and Futures Trading Commission (VFSC) has licensed and overseen Expert Option to ensure that it is a legitimate and trustworthy broker. It is not a fraud because it is an approved broker by the FMRC. Trading is made risk-free and easy for ExpertOption customers, who may choose from a variety of account types and minimal deposit amounts.

By maintaining Mastercard and Visa SecureCode status, Expert Option guarantees the privacy and safety of its customers. In addition to that, the broker is PCI DSS compliant and has a Cert Trusted Secure certification. All of the data has been encrypted utilizing the most cutting-edge encryption technologies. Encryption using Secure Sockets Layer (SSL) is used on this website; this encrypts any data transferred over it using AES-256 encryption.

In May of 2017, at the China Trading Expo held in Shenzhen, ExpertOption was honored with the title of “Best Trading Platform.” The broker has garnered generally positive comments from traders and independent websites, despite the fact that its website does not prominently show any extra accolades or awards.

You Can Anticipate These Notable Features from ExpertOption

In contrast to other trading platforms, which rely on software built by other parties, the platform that is used on this website is principally developed by ExpertOption. This is the case because ExpertOption is the company that owns the website. The customized software can accommodate both novice and seasoned traders successfully due to its intuitive design and user-friendliness. The software is equipped with capabilities that can assist traders to execute technical duties, which can subsequently enhance earnings and streamline online transactions. These benefits can be gained from using the software. The following is a list of additional valuable features and tools that are available to you as a member of ExpertOption.

1. The availability of a trial account A demo account can be created, and there is no need to download anything in order to do so. You will have access to this sample account as soon as you have registered for an account, and it will have a starting balance of $1,000 in virtual currency. During our testing of the trial account, we discovered that the account has larger-than-usual profit figures. This is a negative feature since it sends the message to traders that they can make significant profits using this platform, which is not a good thing. This appears to be a marketing trick designed to encourage traders to trade with real money.

2. Availability of training and educational resources for use. In the same way that other trading platforms do, ExpertOption provides its users with access to a variety of useful materials that may be put to use for educational purposes. The Education section of this website is where you’ll find these many information and tools. The materials that are presented here can aid those who are just starting out in the market and trades to have a better understanding of both. There is also a Glossary available, in which the definitions of several significant terminology and technical jargon can be found.

3. There is also the option of mobile trading. In addition, there is a mobile trading platform that traders may use to help them finish their trades in a matter of seconds. The application can be downloaded from either the Apple Store or the Google Play Store. The application can be downloaded onto mobile devices running either iOS or Android.

Concerns That We Have With Regards To ExpertOption

As a relatively new entrant in the industry, ExpertOption is confronted with a number of difficult difficulties. For instance, many traders believe that the platform has not been thoroughly examined and there is insufficient relevant experience to speak of. During our testing and analysis of the platform, we discovered that it lacks experience in managing trades, which causes us concern. We have made a list of some of the things that can be improved on the website in order to assist the management in improving the quality of the services they provide.

• Services related to banking and deposits. When it comes to deposits and withdrawals, this platform has certain transparency issues that need to be addressed. For instance, there are no clear figures that illustrate how deposits and withdrawals are facilitated in the system. [Citation needed] [Citation needed] This can become an issue for a large number of experienced traders, particularly those who are required to conduct transactions on a consistent basis. A number of complaints were lodged against the management as a result of the company’s inability to become transparent with regard to banking matters. In addition, the website’s design and style are not user-friendly, and as a result, they are unable to interact with traders.

• Withdrawal policy. As we have already indicated, the withdrawal policy is murky, which can lead many newcomers astray and is frustrating for them. Customers do not receive adequate guidance or information regarding the withdrawal process, which makes it difficult for them to make their requests. Because of the potential for this to create trust issues, we believe that management should clarify all of the specifics that are linked to this matter of concern.

Conclusion

Traders are able to purchase and sell a wide variety of financial assets by using the straightforward trading platform that ExpertOption provides. Traders have access to a variety of resources, including educational content, trading tools, and a supportive customer care team. You have the option of selecting from a number of different trading account types with just a ten dollar first deposit. However, it does not work with customers from the United States, Canada, or any of the countries in the European Union. Both seasoned investors and newcomers to the trading world will benefit greatly from working with this broker.

FAQ

How does ExpertOption determine how much profit to make?

A successful deal can result in a profit that is up to 95% of the initial amount invested. The current state of the market is the primary determinant of profit.

How long does it take to get in touch with someone at ExpertOption?

ExpertOption provides its customers with a number of different channels through which they can receive responses, including online chat, phone calls, and emails. You have the option of calling the ExpertOption support line or sending an email to the online chat if you need your query to be answered as quickly as possible.

Where can I find the instructions for closing my ExpertOption account?

If you want to cancel your account, please get in touch with the Clients Support Department at Expert Option by sending an email to help@expertoption.com.

Is Leverage Available Through Expert Option?

Leverage of up to 1:500 is available through Expert Option.

Does Expert Option charge commission?

There are no commissions or fees associated with deposits or withdrawals made through Expert Option. The bid-ask spread is the primary source of revenue for the company.

Optional Professional Insight – Fast Information

• Matching Bonus on Deposits of up to 100%

• Subject to oversight by the VFSC and the FMRRC

• Payouts of up to 95% possible.

• Assets, including Cryptocurrencies, Stocks, and Commodities

• Minimum Deposit: $10

• Practice Account Balance: $10,000