ExpertOption is the new player that has recently enhanced the binary options market. This brand combined group of financial specialists and professional technical developers that created an interesting platform that, according to ExpertOption serves not only to profit but to obtain new knowledge and the comfortable trading environment. The expert option review found several interesting facts about this broker, starting from Russian license is given by FMRRC, 95% payouts, and one of the lowest minimum deposits in the industry.
Traders are welcome to try various possibilities with this broker, including ExpertOption demo account (free demonstration account) that comes as the best solution before real funds wants to be invested. Read our ExpertOption review and find out more.
ExpertOption Account Features
The expert option review found this broker has offered many appealing deals for its clients. We like the fact that ExpertOption offers the extremely low minimum deposit of just $10. This opens the opportunity for traders without experience to start trading with lower investment amounts. The ExpertOption review analyzed all four trading accounts that are equipped with various services.
- ExpertOption Mini Account begins with $50 and it allows high welcome deposit of 50%. The Mini account includes educational materials and maximally 10 simultaneously open deals.
- ExpertOption Silver account is the most popular trading account and it begins with $250 minimum deposit. Traders that register with this account are allowed to communicate with ExpertOption personal manager and they are offered to use 80% of welcome bonus. Our ExpertOption review found out that Silver account welcomes up to 15 simultaneous open trades and minimum trade is $100.
- ExpertOption Gold Account is specially designed for serious traders that plan to invest more than $1,000. The Gold account is equipped with educational materials and 100% of welcome bonus. ExpertOption review found that Gold account clients can ask for lead trading expert communication. This account allows fast withdrawals, which means ExpertOption has put a priority on Gold account clients to be served first. Besides mentioned things, the Gold account allows an unlimited number of simultaneous open trades.
- ExpertOption VIP Account starts with $2,500 minimum deposit and traders are allowed to use all services from previous accounts. The ExpertOption review found that VIP members can use up to 125% welcome bonus and they can analyze their individual trading history.
ExpertOption review researched ExpertOption terms and conditions and found out that trading volume for deposit welcome bonus is x50 and for no deposit bonus x60. Traders should read terms and conditions before they start investing with ExpertOption.
As we have already mentioned ExpertOption review found this broker provides demo account too. Traders are not obligated to download any software in order to start trading with an ExpertOption demo account. Demo account comes with $1,000 of virtual money for traders that want to experience how investing in binary options looks like before they spend real funds. ExpertOption review showed that demonstration account provides access to all assets and features and it is identical to real accounts.Demo account is always a perfect opportunity to get familiar with the trading platform and its features. No matter if you are beginner or expert in binary options, ExpertOption demo account will enable you to exercise and place trades without any risks to lose real money. ExpertOption review has prepared short How to guide so traders can easily understand where are the most important services and trading tools. ExpertOption demo account doesn’t require registration or real deposits in order to be activated.
As we have already mentioned before, ExpertOption starts with only $10 minimum deposit and it allows $1 minimum trade. Low deposits are especially interesting for beginners to test the market before they start investing larger amounts. Maximum trade depends on which trading account has trader registered with.
ExpertOption Trading Software
In our ExpertOption review, we have found out that this broker integrated Proprietary trading platform. The broker has developed a web-based platform with very intuitive and comfortable interface. We have noticed that all trading features are displayed with a prompt and precise market values. Platform enabled technical and fundamental analysis tools displayed on the trading interface. The proprietary platform is considered to be friendly and strictly developed for brokers that know what their clients want most.
In our ExpertOption review, we have analyzed the platform and concluded that it provides a very good overview of active trading processes. ExpertOption traders are allowed to select and place trades with various underlying assets simultaneously.
When we speak about trading options, ExpertOption has only found short term time frames available. We couldn’t find this information on their site, so we have asked their support agents. ExpertOption agent told us they allow 1,2,3,4,5,10 and 15 minutes expiry times trading.
After a long talk with an ExpertOption agent, we have found out that this broker supports only High/Low trading options. There are no other trading options available in ExpertOption. Lack of trading options could be a problem for expert traders that like to combine High/low trading with pairs, Boundary options, High Yield options etc.
ExpertOption review found that this broker only supports trading with commodities and currency pairs.
Besides the desktop version, ExpertOption has developed iOS and Android apps that could be convenient for those that are mostly on the go.
ExpertOption Support Information
We have put a lot of effort to find more about ExpertOption support service. We have contacted their live chat support in order to see if their staff is well trained and informed about features and promotions. We can say that their agents are very friendly and prompt when we have asked them some basic questions. Their knowledge is very basic as the didn’t understand when we wanted to find out which trading options they support. They have told us everything except the thing we have asked.
Besides live chat support, ExpertOption is available in various countries across the globe. The website is available in more languages including English, Norsk, Portuguese, Russian, Spanish, Filipino, Indonesian, Thai, Chinese etc.
The website provides a simple contact form and traders can also contact ExpertOption on several phones in India, Russia, Thailand, China or UK. ExpertOption review found several emails traders can use if they prefer writing emails.
We have found this broker provides the useful educational database where traders can find and learn about binary options, trading strategies, various analysis, the psychology of trading and similar. Education materials provide only the basic materials. We have also found ExpertOption provides a simple Glossary and FAQ section with a basic information that might help traders to avoid contacting support agents.
ExpertOption Company Information
As we have already mentioned, ExpertOption is regulated by Russian regulator FMRRC with license number TSRF RU 0395 AA Vv0084. The company is owned by ExpertOption Ltd. which is located in Kingstown, Saint Vincent and the Grenadines.
ExpertOption review found traders can make deposits with various payment possibilities that include some major bank providers: Qiwi, MasterCard, Visa, WebMoney, Skrill/Moneybookers, Yandex, bank wire, Neteller, Union Pay PerfectMoney, Payweb etc.
We haven’t found this broker charges its clients for processing any payment transactions. According to the ExpertOption, broker process withdrawal requests within two business days.
Minimum withdrawal is only $10, which is great for those traders that want to withdraw lower amounts.