This is our ExpertOption review based on our trading experience with this broker. Expert Option has gained a good reputation in binary options. However i did a background check to know if all was fine before going ahead, i opened a demo account first to try out the platform before doling out my money to start trading. Now very important, before trying out a broker you have to check whether they are regulated, this would enable you to know where to channel your reports and get a redress in case things go awry, this is very pertinent because there are many scam brokers hovering around to snatch off your hard earned money. ExpertOption was established in 2015, there address is at Saint Vincent and the Grenadines, 1510, Kingstown, Suite 305, Griffith Corporate Centre while being represented in the UK by Vested LP at United Kingdom, Scotland, EH3 6SW, Edinburgh, 5 St. Vincent Street, Office Suite 2. Registration number: SL21576.
ExpertOption License and Regulation:
ExpertOption is regulated by the FMRRC(Financial Market Relations Regulation Center) with a licence code Certificate 0395 AA Vv0084 . In the FMRRC website are also listed the rules of filing a claim.
What i like about ExpertOption platform is the user-friendability. The platform is easy to use and is loaded with good analytics to make trading easy. You could carry out multiple trades on the platform and they offer a huge list of assets to trade on ranging from currency pairs,commodities,stock and indices.The minimum deal you can trade is $1, also making it one of the best in the industry. They also offer good trading signals with terms like Strong Buy, Buy, Neutral, Strong Sell, Sell this to help you trade profitably, but from my experience don’t always trust the signals, however they could be right in most times so also do your own analysis to get the best results.They offer a free demo account with a virtual amount of $1000 to try with. their mobile trading platform is also available in IOS, Android,Windows
ExpertOptions Payment and Withdrawal method
There is a good list of payment and withdrawal method accepted by this broker, they are :Visa,Mastercard,Webmoney,Skrill,Neteller,Unionpay,Yandex money,Maestro,Qiwi wallet. The minimum deposit with this broker is $10 which makes it one of the lowest in the industry and offers you availability to manage risk. Withdrawal requests are processed in 2 working days but it could be expedited based on your account type.
ExpertOption offers four(4) types of membership based on your minimum deposit, they are: (1) Mini: It could be open with $50, this type of account comes with a personal manager and bonuses of up to 50%, there is also weekly delivery of economic newsletter. this might be good for newbies in trading. If you want to get more bonuses and packages you can step up to the other plans (2) Silver: This comes with additional benefits like getting weekly economic analytics and bonuses of up to 80%, it could be opened with a minimum of $250 (3) Gold : Additional benefits are increased asset profitability, bonuses up to 100%, daily economic analytics and priority money withdrawal (4) VIP : In addition to what is obtainable in the Gold you also get up to 125% and individual trading analysis. The part i love most is that all account types have deal insurance, you can hardly find this in the industry, so this is an advantage for ExpertOptions traders.
They offer a strong customer support, you could reach them through live chats, phone calls or send an email to them. They respond immediately and are always ready to offer help.
Feel free to drop your trading experience with this broker in our comment box. I hope you find this ExpertOption review helpful.