ExpertOption This is an internet-based trading platform that lets you swap a diverse array of financial tools within a user-friendly, visually appealing interface. You can access it through their website or by installing their applications.
Operating since 2014, the platform facilitates over 30 million transactions monthly. To date, it has welcomed more than 37 million account creations.
With a client-first approach, ExpertOption is deeply invested in customer satisfaction, employing over 100 dedicated account managers to cater to client needs.
The company also strives to be both dependable and straightforward, enabling anyone to get started with trading. It further aims to provide lightning-fast trades through cutting-edge technology.
Continue reading as we unravel an extensive examination of ExpertOption, spotlighting everything crucial you need to be aware of.
ExpertOption at a Glance
| Broker | ExpertOption Limited |
| Regulation | Financial Services Authority of St. Vincent and the Grenadines (SVGFSA) |
| Minimum Balance | $10 |
| Demo Account |
Yes – $10,000 |
| Asset Coverage | CFDs, Forex, Cryptocurrency, Shares, Commodities, Indices |
| Leverage | 500:1 |
| Trading Platforms | Web, Mobile, Desktop Apps |
Opening an Account at ExpertOption
The minimum deposit needed to open an ExpertOption account The deposit requirements fluctuate with the type of account you choose, but the bare minimum is $50. Additionally, ExpertOption implements KYC measures to authenticate identities, aiming to curb fraud and money laundering.
Typically, ExpertOption asks newcomers to provide documents confirming both their identity and residence.
While specific document requirements aren't detailed on their website, it's safe to assume they parallel those of other brokers, requiring government-issued identification displaying your photo, name, and birthdate.
Proof of address likely needs to be an official statement or bill clearly showing your name and residence.
Account Types and Minimum Deposits
Where most brokers might offer one or maybe two account types, ExpertOption truly stands out with its rich variety of account options.
An intriguing aspect is how ExpertOption organizes account tiers based not on verification levels, as many do, but on the investment size, with the choice to level up as your investment grows.
Five distinctive account types are available through ExpertOption, each unlocking more benefits at an increased minimum investment.
- The Basic account demands just a $50 deposit, though you can upgrade to a higher rank as desired.
- Silver accounts are a frequent starting line with a $500 minimum to get you started.
- For Gold accounts, the initial buy-in is $2,500, while Platinum accounts require $5,000.
- Exclusive accounts remain invitation-only, reserved for select traders.
Basic accounts grant access to a wealth of educational resources, allowing for up to 10 active trades at a maximum of $25 each. Silver accounts enhance this, introducing clients to a personal manager.
Silver accounts elevate the cap to 15 deals and increase the deal limit to $250, also providing daily market reviews and financial research access. Gold accounts accommodate 30 simultaneous trades, capping individual deals at $1,000.
They also accommodate priority withdrawals and boost asset profit by an additional 2%. Members with Gold accounts or above enjoy expedited withdrawals.
Platinum accounts escalate the individual trade max to $2,000 and abolish the limit on concurrent trades. The enhanced asset yield can rise up to 4%, alongside a personal account manager.
Those with Exclusive accounts benefit from a senior account manager, a 6% asset profit increase, and trade limits peaking at $5,000. Access to strategic insight is also included with this account level.
No matter the account, the minimum entry for a trade remains $1. It's key to acknowledge that activating certain benefits requires a request via email for manual setup.
| Account Type | Basic | Silver | Gold | Platinum | Exclusive |
| Personal Manager | Introduction | Introduction | Account Manager | Senior Account Manager | |
| Educational Materials | ✓ | ✓ | ✓ | ✓ | ✓ |
| Daily Review of Market Conditions and Financial Studies | ✓ | ✓ | ✓ | ✓ | |
| Priority Withdrawal | ✓ | ✓ | ✓ | ||
| Access to Strategies | ✓ | ||||
| The Maximum Capacity for Simultaneous Active Trades | 10 | 15 | 30 | No Limit | No Limit |
| Maximum Deal Amount | $25 | $250 | $1,000 | $2,000 | $5,000 |
| Increased Asset Profit | 0 | 0 | up to 2% | up to 4% | up to 6% |
Expert Option Bonuses
In a landmark move, ExpertOption has recently started offering a 100% bonus to first-time depositors. This initiative emerged due to popular demand, providing traders with a substantial launchpad.
The bonus, starting with deposits from $30, must be claimed within an hour of opening an account.
Crucially, unlike other brokers, receiving a bonus from ExpertOption doesn't hinder your withdrawal capabilities, maintaining withdrawal freedom even when bonuses are accepted.
Existing traders can also claim bonuses, though the offered percentage may differ from what new depositors receive.
What Trading Instruments Does ExpertOption Provide?
With ExpertOption, investors can explore a variety of assets, spanning cryptocurrencies, equities, forex, commodities, and stock options.
- For traditional currency pairs, ExpertOption covers all the primary crosses, including CHF, EUR, AUD, USD, NZD, and GBP.
- Featured equities comprise noteworthy giants like Coca-Cola, Tesla, Amazon, and Baidu.
- In the commodity spectrum, options include oil, silver, and gold.
- ExpertOption shines with its comprehensive cryptocurrency options, setting itself apart in this domain. Bitcoin , Ethereum , Ripple , Bitcoin Cash , Bitcoin Gold, Dash , Ethereum Classic , Litecoin , IOTA , Monero , Tether , and Zcash .
ExpertOption Demo Account
ExpertOption offers a demo account This allows clients to navigate the platform and refine their skills risk-free. The demo account is pre-loaded with a virtual balance of 10,000, requiring no registration. A short 'How to trade' video serves as an introductory guide upon access.
The demo is invaluable, offering pricing that mirrors real accounts to give a transparent sense of the platform's trading dynamics.
ExpertOption distinguishes itself by removing registration barriers for demo accounts, equipping users with firsthand experience sans personal data sharing.
Prospective users find comfort knowing that prior to registration, ExpertOption holds no data, coupled with the lack of pressure to transition into a live trading account post-demo.
ExpertOption Deposits
For deposits, select the Finances tab on the trading platform's left-hand main menu. Opt for the Deposit section, choose your method, currency, and sum, then submit.
Deposit methods encompass major credit and debit cards like Visa, MasterCard, and Maestro, plus cryptocurrencies and alternate options such as UnionPay, WebMoney, Neteller, Skrill, Perfect Money, QIWI, Fasapay, and Yandex Money.
When adding funds, keep in mind that the minimum deposit required by ExpertOption begins at just $50, equating to a Basic account. There's also a deposit ceiling of $3,000 likely due to payment constraints.
ExpertOption Trading Platform
While many competitors rely on pre-existing platforms to save time, ExpertOption uniquely designed its own, allowing for detailed customization geared toward the specific needs of its clientele.
This bespoke platform ensures seamless incorporation of ExpertOption features, though it means external support isn't readily available.
Nonetheless, its intuitive design coupled with superior customer support renders external aids virtually unnecessary for platform navigation.
Trading on ExpertOption
Explore the platform directly by selecting 'Demo Account' on the homepage. Central to the platform is a large chart showcasing real-time asset prices.
You can hover over any spot on the main chart to see the exact time and price at that moment.
The chart’s top-left provides a dropdown menu for choosing from upwards of 100 stock and asset options. Navigate by selecting top instruments, searching, or browsing by type.
Next to each asset, you'll find current percentages and their changes. Post-selection, you can pick a timeframe from one to five minutes.
When you press 'Apply,' the chart refreshes automatically, updating the sidebar details accordingly. You can even amplify your view by splitting the chart to follow multiple assets simultaneously, a boon for multi-market traders.
Leverage the graph controls to inspect past price data on your selected date. Next to the asset dropdown, a collection of tools aids in dissecting price trends, segmented into chart, indicator, drawing, and social trading buttons.
Switch between four chart styles: area, line, bar, or candlestick. Indicators feature MACD, awesome oscillator, RSI, fractal, parabolic SAR, and alligator. Bollinger bands , and moving averages .
Select any indicator to fully adjust its settings. Through the drawing tool, add rays, vertical, or horizontal lines to your plots.
The social trading toggle allows you to see icons of other trades from fellow ExpertOption users, showcasing their trade timings and amounts.
To the right, you can choose among three layout variations.
The trading panel is located beneath the chart, displaying the amount committed to a trade alongside potential gain. Adjusting this amount automatically recalibrates projected profit.
On the right-hand side, there's a section where you can clearly view the potential returns as a percentage, indicated on both red and green buttons. Directly above these buttons, the potential gains or losses for each scenario are detailed. You also have the ability to modify the strike rate within this area.
If you look to the left side of the screen, you'll find various buttons labeled for Trade, Finances, Profile, Apps, Analytics, Education, Help, Settings, and Exit. The Trade option provides a display of the graph alongside all the associated features mentioned.
Checking your account specifics, like your account type and balance, is easy by clicking the Finances button. Here, you can also initiate deposits or withdrawals. Meanwhile, your transaction history is available in the Profile section.
On the right, there are three different tabs marked as Deals, Trends, and Social. By selecting Deals, you open a sidebar that will show your most recent transactions right there.
Choosing the Trends option will bring up a side panel displaying current market trends at intervals of one, two, or five minutes. You'll observe a mixture of all asset types like commodities, forex, and cryptocurrencies sorted based on their trends.
Clicking the Social button reveals a sidebar concentrating on ExpertOption's social features. At the top, you'll see stats showing the number of users online, active deals, and total volume of opened deals.
Just below this, you'll find open deals related to the asset you're currently focused on. They're sorted by duration, encompassing options like one to five minutes.
You can choose which deal duration to display at the top by selecting the asset in the chart's upper-left corner. You'll then see specifics for each deal duration such as deals opened, volume, and the top five traders ranked by their profits so far.
ExpertOption Withdrawals
ExpertOption supports over 20 payment systems for withdrawals, including popular credit and debit cards like MasterCard, Visa, Maestro, and Union Pay.
For electronic methods, account holders can opt for services like Fasapay, Perfect Money, Skrill, and Neteller. Bitcoin withdrawals are also a choice.
It's important to remember that withdrawals should use the same method as deposits to an extent of the deposited amount. After withdrawing the initial deposit, you can decide on a different payment method for additional funds.
This standard process is in place among brokers as a measure to curb money laundering activities.
You need to withdraw at least $10 each time, and such requests typically get processed within two working days. Depending on the withdrawal method, you might be required to send scanned documents to ExpertOption, in which case instructions will be sent via email.
ExpertOption Fees
ExpertOption doesn't impose transaction fees, though fees from your payment system might still apply.
ExpertOption Analysis Tools
There are a variety of technical analysis tools available on ExpertOption, featuring trend lines, four chart types, and eight indicators.
Within the platform, heading to the Analytics page grants access to further resources, including a news tab, an Assets tab, and a Stocks tab. The Stocks section even lays out supported stock exchanges globally on a map noting time zones.
Choosing any stock provides insights about the exchange which includes details like headquarters location, year of founding, revenue figures, and operational hours.
ExpertOptionTrading Signals
By incorporating social trading elements, ExpertOption provides trading signals. Although they aren't directly called signals by the platform, the social signals essentially serve this purpose and are usable across all assets.
Education for Traders
With the mission to make trading accessible to all, ExpertOption offers plenty of educational materials. Clicking the Education button on their platform reveals videos categorized under the “How to get started” section.
This section contains quick tutorials covering the platform's toolbar, graph types, social trading summaries, deposit methods, trading basics, assets descriptions, and general tutorials. Alternatively, the “Education” tab includes a glossary, along with content on fundamental, graphical, and technical analysis, trading strategies, and trading psychology.
Each of these educational categories contains comprehensive information supported by images, graphs, and infographics. They're also accessible through ExpertOption's main website navigation menu.
No matter how you access them, ExpertOption's learning resources are quite thorough. Just within trading strategies, you'll find guides on patterns like Engulfing Candlestick, Squat Candlestick, Tweezers, Three Methods, Breakout, Reversal Moving Average, Bollinger Band, and Alligator Trading Strategies.
Descriptions and usage guides, complete with chart examples, are provided for each strategy.
In the realm of technical analysis, you can access detailed guides on tools like Alligator, Moving Averages, Bollinger Bands, and support and resistance lines. Each guide is well-detailed with information, images, and charts, explaining usage.
Topics related to graphical analysis explore areas such as Candlestick Analysis, Trend Continuation and Reversal Patterns, and Fibonacci Retracements and Elliott Waves. In terms of fundamental analysis materials, a basic guide to key indexes is included.
Particularly noteworthy is the section on trading psychology, a rare educational offering among many brokers. It boasts an overview and subtopics like Successful Traders, Trader Psychology, and Personal Trading Psychology.
ExpertOption Social Trading
ExpertOption enables social trading, allowing you to trade alongside friends or observe global trade actions. They are positioned as a leader in social trading networks and provide opportunities to follow others' trades live.
Within this area, you'll find a Top Investors feature, allowing you to track the activities of VIP traders and learn from them. It's encouraged for clients to aspire to become leading traders within their own regions.
To bolster the social aspect, ExpertOption engages users in social media groups spanning platforms like Facebook, Instagram, Twitter, and YouTube.
ExpertOption Apps
True to its mission of accessibility, ExpertOption supports both mobile and desktop applications. Mobile users can download apps from the Apple App Store or Google Play Store, or directly get the APK file.
There's also desktop support for Windows and macOS. Alternatively, users can directly access ExpertOption via a web browser given its universal browser compatibility.
In general, downloadable desktop platforms often provide more efficiency for traders using ExpertOption, with smoother execution processes.
Mobile apps also enjoy good user ratings in respective app stores. For instance, the iOS app garners a 4.8 out of 5 from 19 ratings, while the Android version, with over a million installs, scores 4.4 from 36,164 reviews.
There's no language specification for the Android app, yet the iOS one lists 21 supported languages, though no download numbers are mentioned.
Both Apple and Android app descriptions are identical, noting that ExpertOption caters to over 9 million traders across more than 150 countries currently.
The mobile app offers a free demo account, fast withdrawals to banking cards or any of 10+ e-wallets, access to over 100 trading instruments, professional-level trading conditions, diverse account types, 24/7 customer support, technical indicators, and fast trade execution.
Do note, though, that the smaller mobile screens may hinder ease of use for technical analysis features. Those dedicated to analysis might prefer the desktop or web versions.
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No Limit No Limit For newcomers, they offer bonuses, although the specifics aren't transparent on their site. Some reviews mention bonuses potentially reaching 100%.
However, reviews caution about examining the terms thoroughly as such promotions often come with stringent requirements.
Bonuses may also restrict your deposit funds until you fulfill the required turnover volume. While ExpertOption delivers bonuses, it's vital to scrutinize the conditions before taking advantage. You can decide to cancel the bonus if it's unused.
Who Can Trade with ExpertOption, and What Languages Are Available?
As noted, ExpertOption clearly outlines specific countries and regions where they don't accept clients, such as the United States, Canada, Switzerland, New Zealand, Australia, Israel, the European Economic Area, North Korea, Japan, Sudan, and Puerto Rico.
For jurisdictions where ExpertOption is operational, the site supports 15 languages.
These languages include English, two variations of Chinese, Thai, Hindi, Korean, Vietnamese, Arabic, Turkish, and Bahasa for both Indonesian and Malaysian, among others like Portuguese, Spanish, Polish, and Tagalog. On the website and the web-based platform version all these languages are available; however, phone support is only offered in English and Hindi for now.
According to feedback, Thai phone support was previously offered by ExpertOption.
Maximum Deal Amount
ExpertOption provides stellar customer service, available in both English and Hindi. Round-the-clock support is easily reachable via a dedicated email and phone line for English speakers.
Those seeking help in Hindi have special contact details, with service hours set between 10:30 AM and 7:30 PM by Indian time.
You're never truly out of options with ExpertOption—chat online or fill out a contact form any time. Plus, 24/7 customer support extends to their mobile apps.
up to 2%
Recognized by the government financial authority SVGFSA, ExpertOption is fully licensed to offer financial and trading services.
While globally accessible, U.S. citizens are presently restricted from using ExpertOption, although expansion into new regions remains a future prospect.
up to 4%
EO.Trade is an all-encompassing crypto exchange birthed by the same team as ExpertOption, enabling you to trade four distinct coins and facilitate direct fiat purchases.
Their funding is powered by a crowdsale of the EO Coin, which integrates smoothly throughout their ecosystem.
Expert Option Bonuses
On Blockonomi, we've delved into the ins and outs of the company behind ExpertOption. ExpertOption Bonus .
Imagine a crypto wallet where you can directly purchase with fiat—the wallet lets you buy the actual assets and readily transfer them to other platforms or wallets.
Ethereum
In a bid to bolster client security, ExpertOption is verified by Visa and MasterCard through their SecureCode and Verified programs. Additionally, they showcase badges for being PCI DSS Compliant and Cert Trusted Secure.
All sensitive data is cloaked using robust cryptographic protocols. The site leverages SSL encryption, which means your data is safeguarded with AES 256 during transmission. This is confirmed by the lock icon in your browser's URL bar, and the use of an https:// address.
ExpertOption clinched the accolade for 'Best Trading Platform' at the China Trading Expo Shenzhen in May 2017.
While their list of awards isn't showcased prominently, user reviews alongside independent evaluations tend to convey a positive narrative.
Ripple
Choosing ExpertOption affords you access to over 100 financial tools. However, if conventional trading is your thing, this platform might not exactly cater to your needs. Bitcoin Cash It's well-suited for those interested in trading a diversified portfolio.
The platform is designed for user-friendliness and offers more than just basic educational tools. Its social aspect is particularly beneficial for newcomers and those wanting to benchmark their strategy. Its extensive crypto offerings give it an edge since others are still catching up.
Understand your country's particular regulations about trading such instruments, as many prohibit them. If you're a complete newbie, dipping your toes in without knowledge could be risky.
Overall, ExpertOption's user-oriented website, coupled with a low minimum investment, attracts a wide range of traders. Exploring the demo account is wise to experience what's on offer, especially if social trading intrigues you.
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ExpertOption Trading Platform
- Trading on ExpertOption
- Expert Option Trading Screen
- Trade Cryptocurrencies
- Bollinger bands
- , and
moving averages
- Operating with regulation from St. Vincent and the Grenadines.
- Trading Indicators
- Social Trading
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A common inquiry: is weekly withdrawal feasible with ExpertOption?
Dash
Tether
How does it work if you're without a bank account? And what about those utility bills?
a demo account
Expert Option Trading Screen
Hey, can I use this in South Africa?
I tried the demo account and it performed well. What's the withdrawal frequency per month?
What's the policy on weekly or monthly withdrawals?
Can I get a PDF tutorial from ExpertOption to upskill my capabilities?
Can beginners withdraw cash using the basic option?
Certainly, you can withdraw once the amount exceeds $10.
Thrilled to discover this global business platform!
I require a trainer and learning materials from ExpertOption for better preparation.
Is this platform functioning in Nigeria? I'm keen to start trading with ExpertOption.
Is this service accessible in South Africa? 🤔
Can Nigerians use this platform? I'd appreciate guidance from your team.
Hello! I need training to begin trading, kindly assist!
Curious about the 'cancel trade' feature—how does it operate?
Found the answer to cancel trades yet? I want to grasp it as well.
Is the platform available in Nigeria, and can I exchange Naira for dollars on it?
Could Filipinos join this platform?
Can residents of South Africa sign up?
I need learning resources for this trading platform.
Girlie Bagayas
on
on
May I join the platform, and what are the starting steps?
April 14, 2019 at 12:31 am
Does this service work in Nigeria? I'm eager to engage.
Hello, I'm Percy, wanting to know if South Africans can trade here seamlessly. Any withdrawal tips?
I'm enthusiastic about this platform. Is it available in Cameroon?
If not, please extend the service to Nepal too.
Kagiso Mooketsi
Is trading accessible in Ghana?
What's the policy on weekly or monthly withdrawals?
Good day, seeking an answer on daily or weekly withdrawal limits?
on
August 6, 2019 at 9:29 am
Is it open to East African countries like Uganda?
Trading on ExpertOption is remarkably simple, especially for beginners. Highly recommended!
With a demo account and training, online trading with ExpertOption can lead to substantial earnings.
A nod to technical support at ExpertOption for consistently nailing things right. Kudos for invaluable advice.
No complaints here—working with ExpertOption has been smooth, leaving me a profitable investor.
I'm in Lesotho. Is trading here possible?
I could use the assistance of an account manager.
My documents are under review—how long until they're approved?
January 3, 2020 12:06 pm
Is trading feasible in Papua New Guinea?
ExpertOption provides a demo account to safely test binary options strategies or assess your market skills without risking deposits.
Is Nigeria included? I just registered and am eager to get started.
Is this intriguing service rolled out in Kenya?
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