Broker Expert Option was founded in 2014, and since then, it has reached the point where more than 30 million trades are made on its trading platform every month! Expertoption offers the possibility of trading more than 100 assets and supports 20 payment methods. But do these things make Expertoption Broker a suitable choice? We answer this question in the “Expertoption review”.
Expertoption Company Information
Expertoption burst onto the scene in 2014 with a clear slogan:” We make trading available to everyone.” Fast forward to 2020, and the company has already cemented its place as one of the top 3 most downloaded financial apps worldwide on Google Play. Here's what sets Expertoption apart from other brokers:
- Staggering user base of over 70 million registered traders;
- Innovative trading and investment tools, including a cutting-edge social trading feature;
- Commitment to excellent customer service, with over 100 dedicated account managers;
- More than 100 supported assets from different markets.
Summary of Specifications
Headquartered in St. Vincent and the Grenadines, Expertoption has positioned itself as a global player, but what are the specifications of this Binary Option broker? Expertoption Summary of Specifications:
Broker | Expertoption |
Account Types | Micro, Basic, Silver, Gold, Platinum, Exclusive |
Establishment Year | 2014 |
Trading Platforms | Exclusive Application |
Maximum Return | 95% |
Minimum Deposit | $10 |
Base Currencies | USD |
Deposit Methods | More than 20 methods such as VISA, Mastercard and crypto |
Withdrawal Methods | More than 20 methods such as VISA, Mastercard and crypto |
Minimum Trade amount | $1 |
Maximum Trade Amount | Varies based on account |
Tradable Assets | 100+ |
Investment Options | Social Trading, Affiliate program |
Bonus | Welcome, Deposit Bonus |
Spreads | From 0.1 pips |
Commission & Fees | $5 on winning trades |
Maximum Leverage | 1:1000 |
Affiliate Program | Yes |
Trading Features | Demo Trading |
Inactivity Fee | $10 per month |
Customer Support Ways | Online Chat, Email, Phone call, Dedicated Account Managers |
Customer Support Hours | 24/7 |
Account Types
Expertoption understands that one size doesn't fit all when it comes to trading accounts. They offer a range of account types to cater to different investment levels and trading styles:
- Micro Account: The entry-level option with a $10 minimum deposit. Perfect for dipping your toes in the water.
- Basic Account: Step up with a $50 minimum deposit and slightly higher trade limits.
- Silver Account: For more serious traders, with a $500 minimum deposit and access to daily market reviews.
- Gold Account: High-rollers can enjoy priority withdrawals and Expert access with a $2,500 minimum deposit.
- Platinum Account: For the cream of the crop, $5,000 gets you unlimited simultaneous trades and increased profits in the Platinum account.
- Exclusive Account: By invitation only, this top-tier account offers the highest benefits and profit potential.
But wich of these accounts should you choose? Find your answer in the table below. Expertoption accounts comparison:
Micro | Basic | Silver | Gold | Platinum | Exclusive | |
Min Deposit | $10 | $50 | $500 | $2500 | $5000 | Not provided |
Education | Yes | Yes | Yes | Yes | Yes | Yes |
Daily Market Reviews | No | No | Yes | Yes | Yes | Yes |
Priority withdrawal | No | No | No | Yes | Yes | Yes |
Maximum number of open deals | 5 | 10 | 15 | 30 | Without Limit | Without Limit |
Maximum deal amount | $10 | $25 | $250 | $1000 | $2000 | $3000 |
Increased asset profit | 0 | 0 | 0 | Up to 2% | Up to 4% | Up to 6% |
How to Register and Verify Account on Expertoption Broker
Ready to join the Expertoption family? Here's your step-by-step guide to getting started:
- Open Expertoption website and click on “Register” button;
- Enter your email and create password;
- Agree to terms and Click on “Open account” to finalize the sign-up process.
- To activate your account, you'll need to make an initial deposit. Don't worry, you can start with as little as $10;
- Open “Finance (Verification) section;
- Upload a picture from your government-issued ID (passport or national ID card);
- Complete Proof of address by uploading utility bill or bank statement.
The verification process typically takes about 24 hours.
Expertoption Bonuses
Who doesn't love a good bonus? Expertoption certainly knows how to sweeten the deal for both new and existing clients:
- Welcome Bonus: New clients get a whopping 100% bonus on their first deposit. Deposit $100, play with $200!
- Deposit Bonuses: Existing clients aren't left out in the cold; Expert Option offers 20, 30 and 50% bonuses for deposits.
Now, before you get too excited, remember that these bonuses come with strings attached. You can't withdraw them directly – they're meant for trading. But hey and remember, they are not active forever!
Commission and Fees
Expert Option receives a $5 commission for each successful transaction, and this amount has nothing to do with your account type! Of course, this figure is added to the withdrawal commission. Also, note that the spread in Expert Option starts from 0.1 pips, and Expert Option does not charge a fee for account inactivity. Full list of Expertoption fees:
Fee Types | Spreads | Commission on Winning Trades | Deposit Fees | Payout Fees | Swap fees |
Amount | From 0.1 pips | $5 | $0 | $0 | Not Specified |
Expertoption Broker Cabinet Features
The Expertoption trading cabinet is where the magic happens. Here's what you can expect when you log in:
- Asset Variety: Over 100 different assets to trade, from forex to stocks to cryptocurrencies
- Multi-Platform Access: Trade on Android, ios, Windows, or macos – Expertoption's platform has even won awards, snagging the "Best Trading Platform" title at the China Trading Expo in 2017.
- Deposit Options: Choose from 20+ payment systems to fund your account.
- Technical Analysis Tools: Chart like a pro with a range of built-in tools
- News Trading: Stay on top of market-moving events right from your dashboard.
Available Indicators and Oscillators
Binary Options brokers can’t support Metatrader and other trading platforms, so they set up their own trading platforms. This makes it impossible to add indicators/oscillators to the Expert Option platform, and at this point, the number of indicators becomes important. Expertoption indicators and oscillators:
- Bollinger Bands: Perfect for gauging market volatility and potential breakouts
- Moving Averages: Both Simple (SMA) and Exponential (EMA) are available to help you spot trends
- MACD (Moving Average Convergence Divergence): A trader's best friend for identifying momentum shifts
- RSI (Relative Strength Index): Keep an eye on overbought and oversold conditions
- Alligator Indicator: A unique tool that uses three smoothed moving averages to spot trends
Deposit and Withdrawal Methods
Getting money in and out of your Expertoption account boils down to diversity because Expert option supports more than 20 payment methods. Here's a quick look at your options:
- VISA;
- Mastercard;
- UPI;
- Skrill;
- Neteller;
- Crypto
- Globe pay;
- Perfect Money;
- QIWI;
- Fasapay;
- Money;
- Nganluong.
Expertoption prides itself on speedy withdrawals, typically processing requests within one business day. And the cherry on top? They don't charge any withdrawal fees!
Copy Trade and Social Trading Options
One of Expertoption's standout features is its social trading capabilities. Here's how you can get in on the action:
- Connect with Traders: Share ideas, strategies, and results with a community of over 70 million users
- Copy Trading: You can follow and copy the trades of more experienced investors
- Market Sentiment Analysis: Use the "Opened Deals" and "Volume" graphs to gauge overall market mood
- Learn from the Best: Observe successful traders' strategies and adapt them to your own style
Expertoption Broker Trust Scores
Trust is crucial in the world of online trading. So, how does Expertoption stack up? Expertoption Broker Trust Scores in various sources:
- Trustpilot: 3.4 out of 5 from 1109 reviews;
- Reviews.io: 4/5 from 143 reviews;
- Google: 4.3/5 based on 72 reviews.
The mixed reviews on Trustpilot suggest that while many users have positive experiences, there are areas where Expertoption could improve.
Customer Services and Support
When it comes to customer support, Expertoption shows a relatively good performance. Support is available 24/7 and you can contact it via the ways below:
- 24/7 Support: Get help anytime via email or online chat;
- Dedicated Account Managers: Over 100 professionals ready to assist with your trading needs;
- Phone call: available during working hours.
Trading Finder Expert Suggestions
Expertoption is one of the oldest Binary Options brokers, established in 2014. This brokerage allows trading more than 100 different assets; today, more than 70 million people use it! This brokerage provides users with 6 types of trading accounts to cover a wide range of traders. In “Expertoption review”, we reviewed one of the best and oldest Binary brokers. Now tell us, would you use it?
