You can get into the EO trading platform even without registration. As soon as you are on the main page of the Expert Option official website, the broker offers to start online trading on a demo account. You can also open a live account at any time. First, in the upper right corner, you need to select a trading asset and an option expiration time 30 sec — 5 min. As you can see, the broker only offers short-term trading.

Then, at the bottom, select the investment amount and you can open a position to buy or sell an option. Digital options allow you to manage potential reward and risk by adjusting the strike price.

The closer the strike price is to the current price level, the lower the potential profit from the trade, but at the same time the lower the risk. Conversely, the further the strike price is from the current price level, the greater the potential profit from the trade and the associated risk. At the top of the Expert Option trading platform, you can also change the type of chart and timeframe, add trading indicators and graphical instruments, remove the display of trades of other traders and configure the display of 2 charts in one window.

There are 2 disadvantages at once. Firstly, available chart time frames seconds does not give a full assessment of even the daily movement of an asset and use some strategies.

Secondly, there are only 8 trading indicators. On the left side of the platform, there are tabs with access to trade, financial operations, profile information, apps, analytics, education, technical support and settings. The analytics section often posts market reviews, and in the education section you can find basic trading concepts and some strategies.

The right side of the trading platform contains information about your trades, as well as a section on current trends and social trading. Do not rely heavily on these 2 sections — trends and social sentiment can change very quickly in the opposite direction. ExpertOption has 6 types of accounts: micro, basic, silver, gold, platinum and exclusive. The account type is assigned after a certain deposit, the image shows all their advantages.

Special offers depending on the account cannot be called very necessary and useful, it is more like psychological pressure for traders to make a larger deposit. Or at least make the profitability higher. An inconvenient demo account can be called the seventh type. Why is the demo inconvenient? Because to trade on it, you need to log out of your profile each time, or open it in another browser.

In addition, to replenish it, you will need to clear the browser history for this site. For deposit and withdrawal, the broker offers many major payment methods and options that are available in most countries.

Of course, there are individual deposit and withdrawal methods and options for each country. For example, PayTM, UPI are available in India, M-Pesa is available in Kenya, Boleto in Brazil and so on. In total, ExpertOption has more than 20 payment methods and options. First, you need to withdraw funds to a bank card or electronic wallet that was used to make a deposit. In most cases, requests are completed within two business days. Depending on the withdrawal type, you may be required to provide extra documents to ExpertOption through scanning.

The request for those documents will be made by email in this case. Before you can request any money, ExpertOption requires you to submit some form of identity verification.

This is a security feature that prevents your account from being hacked. Major credit and debit cards, including MasterCard, Visa, and Maestro, as well as cryptocurrencies and other methods, are available for deposit. UnionPay, WebMoney, Neteller, Skrill, Perfect Money, QIWI, Fasapay, and Yandex Money are some of the other choices. Four types of charts, Trend lines, and eight indicators are among the technical analysis tools available on ExpertOption.

You can also access more resources via the platform's Analytics page. A tab dedicated to important news is found there, followed by tabs dedicated to Assets and Stocks. The Stocks page shows a world map with time zones that shows the various supported stock exchanges.

When you click on any of the stocks, you will get a quick overview of the exchange, including its headquarters, founding year, working hours, and revenue. ExpertOption offers educational materials to assist clients in making conscious decisions.

You will find Glossary as well as education about technical analysis, fundamental analysis, graphical analysis, trading strategies, and trading psychology. You can also find online webinars, video tutorials, and daily market analysis. ExpertOption's educational materials are comprehensive. Engulfing Candlestick, Tweezers, Squat Candlestick, Three Methods, Reversal Moving Average, Breakout, Bollinger Band, and Alligator Trading Methods are just a few of the trading strategies covered.

With strategy explanation, you will benefit from a how-to guide and examples in the form of charts. In the technical analysis category, you can benefit from guides for Moving Averages, Alligator, Bollinger Bands, and Trend, support, and resistance lines within the technical analysis area.

Each guide, once again, contains a thorough description with charts and pictures, as well as instructions on how to apply the analysis.

Trend Continuation Patterns, Trend Reversal Patterns, Candlestick Analysis, Fibonacci Retracements, and Elliot Waves are all examples of graphical analysis topics. A guide to basic fundamental indexes can be found in the teaching resources for fundamental analysis. The section on the psychology of trading is especially interesting, as this is an educational category that is not offered by most brokers.

You can find topics on Trader Psychology, Successful Traders, and Individual Trading Psychology. ExpertOption is a fully free platform to register and trade with. Apart from the commission on successful trades, there are no associated fees with trading.

However, Your payment system or payment aggregator may charge a fee. Spreads vary depending on the account type selected by the user and can be as low as 0. It's worth mentioning that spreads decrease or increase depending on market circumstances at different times.

ExpertOption's leverage rates change based on the trades the investor is considering. Leverage is fixed at for most forex pairs like EURUSD. This standard is set by officially sanctioned regulation and applies to all authorized brokers. The leverage on minor forex pairs such as EURNOK, AUDCAD, NZDUSD, USDSGD, and EURPLN is set at On ExpertOption, the maximum leverage for other trades is The bonus system is primarily due to high demand, with traders claiming a needed boost to get started trading.

Unlike with other brokers, accepting bonuses from ExpertOption does not limit your ability to withdraw. If you choose to take the bonuses on offer, you will still be able to withdraw at any time. Existing traders can also take advantage of the bonuses, but the percentage offered differs from that of first-time depositors. ExpertOption has made it pretty clear that customer service is a priority to them. The representatives, or agents, are accessible, knowledgeable, and pleasant to deal with.

They are dedicated to delivering excellent customer service and acting as a trustworthy broker by going above and beyond to meet the demands of their clients. You may reach out to customer service by phone, email, or live chat.

The online chat service is available 24 hours a day, seven days a week. Over account managers work for the broker, focusing on a variety of client needs. ExpertOption also promises to provide fast with its own dedicated platform. You'll need to fill out the website's query form if you want to send an email.

Simply provide the required information, such as your name, phone number, email address, and message. After that, a professional agent will contact you. The phone number is another way to reach ExpertOption. Simply choose the country you want and dial ExpertOption. All outgoing calls will be charged according to the city's tariffs indicated in brackets. These will differ depending on your phone operator.

Customer support of ExpertOption is available in several languages: English, Hindi, Chinese 2 variations , Thai, Indonesian, Malaysian, Filipino, Korean, Vietnamese, Spanish, Polish, Portuguese, Arabic, and Turkish. ExpertOption is absolutely not a scam broker. ExpertOption gives traders a great way to start online trading at low costs. they offer low-deposit micro accounts as well as high-tier premium accounts. This is due to the fact that trading requires high risk.

As a leading broker, Expert Option gives its clients the ability to choose what type of account suits them best. Micro Account and Basic Account are best for those who prefer to start light and both have 10 as the maximum number of simultaneously open deals. The Silver Account has daily market reviews and financial research as an additional feature.

Gold, Platinum, and Exclusive has all the features but have the advantage of priority withdrawal. Platinum and Exclusive have no limit within terms of a maximum number of simultaneously open deals, while, Gold has Registering an account with Expert Option is easy and fast.

You can register using also social media accounts like Facebook, or your Google account. All you need is to give in an email that is active and create a password. A fast deposit and withdrawal process is being offered by Expert Option. There are various payment methods that you can use with this broker. With these options, it gives the clients a variety of selections and a way for the broker to help its clients to expedite the process. Expert Option works with over 20 payment systems.

Customers can use credit or debit card that is supported by Visa, MasterCard, Maestro, UnionPay. Also, it is integrated with electronic payment methods like Neteller, Skrill, Perfect Money, FasaPay, and others. Also, Expert Option owns eo. finance, which you can use as a platform for payments and funding transactions. This is a Cryptocurrency wallet that enables you to purchase Cryptos with fiat, with that said, you can purchase the assets themselves and then be able to transfer them out to your wallet holdings, or even trade on other platforms.

This platform enables clients to easily add funds using bank cards and wire transfers. ExpertOption works with all crypto wallets and exchanges, so clients can use eo. finance for storing and holding their funds. fonance is a secure payment platform that is licensed by Estonian Financial Intelligence Unit FRK and FVR Expert Option has excellent customer support.

The agents or representatives are friendly, approachable, and professional. You can contact support through phone, email, and live chat. Below are the contact details:. The firm also offers educational materials that can help any trader with their journey. On the website, you will find these helpful materials, which include a Glossary, articles, and explanations about technical analysis, graphical analysis, fundamental analysis, the psychology of trading, and trading strategies.

The online chat operates 24 hours a day, 7 days a week. It is possible also to send an email by filling up the query form on the website. Just fill it up with necessary information, like your name, email address, phone number, and your message. A professional agent or customer support will get back to you afterward. Expert Option customer support and services are available in English, Chinese 2 variations , Thai, Hindi, Korean, Portuguese, Vietnamese, Arabic, Turkish, Indonesian, Malaysian, Spanish, Polish, and Filipino.

All of these 15 languages are also available for the web version of the ExpertOption platform. However, for phone support, only 2 languages are available and these are English and Hindi. This is due to regulations and legal reasons. Expert Options focuses on digital options that have a binary outcome, and these countries have boundaries with regard to trading binary options.

Expert Option is a regulated and legit broker. The broker offers over assets to trade on and has a custom-developed platform. The platform is available to use on any device and ables you to trade whenever and where you can with its mobile trading app. The company values transparency to its customers as well as the trust of its clients. This broker offers lightning-fast trading execution and is always ready to help and assist you with your trading journey.

We can say that this broker is a trustworthy and reliable broker. Therefore, we can recommend this broker. Last Updated on March 31, by Andre Witzel. Risk Warning: Your capital can be endangered. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors.

The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results. This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies. We may request cookies to be set on your device.

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In this Expert Option Review, we will take a look at a broker that offers clients the chance to invest in instruments such as digital options. The broker offers traders the chance to trade over different assets including a range of different cryptocurrencies. They have been around since and have a wide range of opinions online. In this comprehensive review of Expert Option we will go over everything that you need to know about the broker.

We will dig into their history, regulations, customer service and fees. Expert Option was started in and is owned and operated by Expert Option Ltd. The company is based in Saint Vincent and the Grenadines. There office location is , Kingston, Suite , Griffith corporate centre. If you wanted to find more information Expert Option then you can look up their company number with registration number Expert option also has a company that will process the payments for the brand and that is Vestede Limited company no They are based in Gibraltar.

The company offers Digital Options instruments on numerous different assets. Digital Options are essentially options that will have a binary outcome on expiry. What really stands out for expert option is that they have developed their own trading engine and platform. This is contrary to the usual practice where brokers would outsource their platforms to an external technology provider.

This is perhaps one of the most relevant questions when it comes to choosing a broker and completing a review. There have been too many examples of brokers in this industry that have operated in a less than stellar manner.

There were some concerns online about Expert Option given that the company was registered in St Vincent. We asked Expert Option about the reasons for this and they stated that it was for tax efficiency reasons.

Whether this is the only reason for it, we cannot tell. However, there are many exchanges and brokers that have made similar choices. For example, some of the largest cryptocurrency exchanges operate in offshore locations. The Binance crypto exchange is registered in Malta whereas exchanges like BitFinex, which is one of the biggest, is registered in Luxembourg. One of the most important factors that you need to consider when you are about to trade with a broker is their regulations.

What jurisdictions are they registered in and what client protections are there? In the case of Expert Option, they are certified by the Financial Market Relations Regulation Center. This is a non-governmental voluntary oversight body that is located in Russia. You can view their licence certificate over here. They are also regulated by the Vanuatu Financial Service Commission.

This is a relatively new regulator that has started offering financial service licences to offshore companies. You can read more about their client protections on this website. We could not find the Vanuatu licence number on their website or independently verify their registration there. Another really important factor when you are considering a broker is whether the information that you send them is secure. Encrypted communication is now the standard among brokers and financial websites.

Well, given the prevalence of sophisticated hackers these days sending information such as credit card details and personal documents is really risky. That is why you have to make sure that the broker uses the latest standards in SSL encryption.

Expert Option is SSL encrypted and you can see this by observing the green padlock in the browser window. As mentioned, Expert Option has a range of different assets that you can trade options on. These range from the more traditional asset classes such as Forex, Equities and Commodities, to the new and exciting cryptocurrency field.

With Fiat currency trading pairs, you have all of the major crosses including AUD, USD, GBP, NZD, CAD, EUR and CHF. With equity instruments you have some of the most interesting companies such as Amazon, Baidu, Coca-Cola and Tesla. There are three commodities that you can trade and they are Gold, Silver and Oil. On the digital currency side it seems as if Expert Option has gone all in. In fact, they have more cryptocurrency pairs than they have of all other assets.

Below are all the crypto pairs that they provide on their platform. As mentioned, Expert Option is a Digital Option platform. This means that the tradable instruments are derivatives that get their value from the underlying asset price. Digital Options work in a similar way to traditional options in that they have an asymmetric pay-out.

Options, unlike futures, give the holder the right but not the obligation to buy or sell an asset at some predetermined price in the future. If you enter a CALL option you are going long the underlying asset and if you enter a PUT option you are shorting the underlying price. With a Digital option, your pay-out is either set to some percentage of your invested capital or it is set to 0. In terms of the pay-out rates at Expert Option, they vary.

There are also two expiry times at expert option. They are 1 minute and 2 minute expiries. We would have liked to have seen a slightly longer option expiries such as 1 hour or daily options. However, if you are a day trader who likes to embark on scalping tactics then shorter expiry times could be to your liking.

Expert Option is restricted in certain jurisdictions and are not open to investors from the following countries: USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.

This is probably related to the individual regulations in those states that do not allow offshore brokers such as Expert Option Ltd to solicit clients. For those regions that Expert Option operates, they have translated their website and platform into a number of different languages. These are given in the image on the right.

An Expert Option demo account is a great way for the trader to get a better sense of how the platform works and whether they could indeed see themselves using it. It is also something that not many cryptocurrency exchanges will offer their traders. What we really liked about the Expert Option demo account is that there are no obligations on the side of the trader. This is a stark departure from older Digital option brands that have used the demo account as a way to drag the clients in by manipulating them to hand over more funds.

The Expert Option demo account also has all of the same pricing that you will find on the live account below. Something that we have not seen that often in the CFD broker and Cryptocurrency exchange space is the range of different account types that are offered by Expert Option.

Sure, at some cryptocurrency exchanges you will have tiered account levels but these are merely determined by how much you are willing to verify yourself on the exchange. At expert option, the tiered accounts are determined by how much you invest.

Well clearly as is shown those accounts that have more money in them will have more benefits. However, we would suggest starting small.

This is because you need to make sure that you need to make sure you are completely comfortable with the broker before you will commit such a large tranche of funds. Moreover, you may want to consider against the bonus options that may be presented to you. This is because bonus terms are known to be incredibly onerous and have turnover requirements that are almost impossible to reach.

There are a few ways in which you can fund your expert option account. No doubt the easiest way that clients will opt for is to use a credit or debit card. In terms of the card types that they accept, it is Visa, MasterCard and UnionPay. This is probably to do with the payment processor limits imposed on them. There are also various electronic money funding options should you prefer that.

They accept payments via Neteller, Skrill, WebMoney, Qiwi Wallet, Yandex Money and Payweb. This is probably because of the fees involved in the withdrawal. If you are withdrawing funds then Expert Option can only withdraw it into the same account that you funded with.

This is in order to avoid concerns of money laundering. This is obviously a really important consideration for brokers and exchanges. There is nothing that is more frustrating than having to wait for days to get customer support. You can reach these support agents directly from the trading platform. When we tried to reach out to the support team it took about 10 minutes to receive a response which is not too bad.

You can also reach them on their dedicated support email at help expertoption. There are also numbers that you can call for their local offices. This is helpful for those traders that would like to speak to someone. Here are the local numbers. In terms of KYC, Expert Option is required to complete a number of steps to make sure that you are who you say you are. When you fund your account at Expert Option they will usually ask for a proof of identity as well as a proof of address.

They should take a day or two to verify these documents. One of the most interesting parts of the Expert Option package has to be their trading platform.

As mentioned, this platform was built in house and is hence unique among the other option and CFD platforms. Everything that is related to your account administration is on the left of your screen. Here you can fund your account, monitor your past trades or make use of their extensive educational material. In the middle you will have all your charts and markets. You can choose a layout that works best for you and you can split the chart among more than one asset.

Always the broker recommends downloading the program for a better experience. Education What is a Layer 1 Blockchain Protocol? It is also integrated with Skrill, Neteller, FasaPay, Perfect Money, and other electronic payment systems. Education Stake and Earn: Complete Guide to Staking Crypto August 25th, 33 min read. Google Maps.

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