Table of Contents
All you have to know about Expert Option
In case you do not want to read the full review – I decided to list in points the most important information you need to know about this broker before registering. If you are interested in more details, read the full review below.
If you decide to open account using links on our website – you’ll receive 30% deposit bonus!
A few words about Expert Option
In this review, I am going to tell you about a broker who has changed the way trading can look like. The platform was founded in 2014 and has made traders around the world fall in love with it. Just to remind you that in 2014, the option brokers were just getting started and the trading platforms were very simple and did not contain too many indicators. Then suddenly Expert Option came along and changed the rules of the game.
The trading platform of this broker is simple and transparent. Expert Option offers access to over 100 different assets, dozens of advanced indicators and a very smooth platform that is available both in the browser and for Android and iOS phones. If I say that this is the most technically advanced platform in the industry, I am not exaggerating.
Some time ago the broker had IFMRRC regulation, but at the moment it is no longer active. This does not mean that the broker broke the rules and was deprived of regulations – here are some minor clarifications. The aforementioned regulator is merely a private company that audits and checks that the broker adheres to the security guidelines for storing clients’ money.
If everything is correct, the broker may ask for a certificate for an appropriate fee. Holding an IFMRRC license is not required to operate in the binary options industry provided you do not provide services in prohibited countries. Unfortunately, it’s important to note that Expert Option is not available in these regions:
USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, North Korea, Puerto Rico, Singapore, Indonesia, Russia, Iran and Yemen.
|Registration address||First Floor, First St. Vincent Bank Ltd., James Street, PO Box 1574, Kingstown, St. Vincent and the Grenadines|
Phone: +44 20 3868 3160
Trading Platform of the Expert Option broker
We now come to the most important part of this review. The Expert Option platform is by far the best in the industry. You won’t find any other broker that offers so much functionality with such a smooth platform. After logging in to Expert Option, on the left side you will find tabs for managing your account. There are such things as a summary of your transactions (deposits & withdrawals), personal data management (here you can verify your account), you can download applications for the phone (iOS and Android) or computer (MacOS and Windows), you can view the statistics of your trading account or also start the education process and learn more about binary options, how to use indicators and learn some basic investing and capital management strategies. If so, it is also possible to contact the support that works 24/7.
On the right side of the platform, we see tabs related to trading. There you will find the history of transactions on the market, signals in the “trends” tab and social trading, which allows you to see what results are achieved by other traders in your country. Unfortunately, it is not possible to copy the signals of earning traders.
At the very bottom of the platform, there is a transaction panel that allows you to configure the size of the transaction and choose the direction of trading. Strike Rate allows you to open a position at a more or less favorable price, but in return we get better returns on investment. For example, if you open a position at a lower price for you, instead of receiving an 80% return on investment, you will get 120%. Of course, this means that the chance of winning is simply smaller – hence the higher returns. The chart management tools are located in the upper left corner of the screen.
Here you can select the asset that interests you or change the chart type. Currently, there are several fully configurable indicators on the platform. Here is a list of the available indicators:
- Awesome Oscillator
- Bollinger Bands
- Moving Average
- Parabolic SAR
I like the trading platform very much and it makes an amazing impression. I think it’s best for you to find out for yourself how it all works. Use the link below to open a free demo account and try your hand at binary options.
Expert Option Trading Signals
I mentioned earlier that Expert Option has trading signals that are hidden under the name “trends”. If you click on this tab on the right side of the platform, a list of assets will appear along with the suggested direction of opening the position. We tested these signals especially for the readers of our website and surprisingly we managed to earn some money. Out of 100 open positions, as many as 66% were correct. This is an amazing efficiency because statistically the best traders in the world achieve a maximum of 65% in the long run. Therefore, I would be skeptical about these results and would not expect miracles. Remember that the broker earns on the client’s loss, so it does not pay off for him to offer the right signals. I would not be surprised if it turned out that the broker intentionally shows good signals first in order to encourage the client to invest more money.
If someone thinks that binary options will earn millions with signals, this is definitely not the way. Binary options allow you to earn, but do not be fooled by the Internet scammers that you will become a multi-millionaire overnight. The truth is that if you invest carefully, have a proven strategy and skillfully manage your capital, you are able to do 50-100% of the total amount invested annually. I know it doesn’t seem like much, but it is the reality. This is why professionals trade large amounts, because they know it works.
Expert Option’s Regulations
Unfortunately, the Expert Option broker does not have any government regulation. A few years ago, Expert Option used a private certification company, but gave up further cooperation. I would like to emphasize that it is not surprising because the aforementioned private regulator only provided the certificate for an appropriate fee, but had no real influence on the activities and financial management of the broker. In the event of bankruptcy, customers would be left with nothing anyway because Expert Option has no government regulation.
If you are looking for a broker with reliable regulation, below is a list of the most influential and respected regulators. Unfortunately, neither of them deals with binary options. Binary options brokers are unregulated as no such regulation is required. A few years ago, binary options were regulated in the European Union by CySEC, but eventually binary options trading was banned. Any broker with European connections such as headquarters, license or management board cannot offer binary options in Europe. Only entities that have nothing to do with Europe can provide services to Europeans and residents of the United States. If binary options are banned in your country, read our review of the Pocket Option broker. Here is a list of the world’s most influential regulators:
- ASIC – Australian Securities and Investments Commission
- BaFIN – The Bundesanstalt für Finanzdienstleistungsaufsicht (Germany)
- CFTC – Commodities and Futures Trading Commission (United States)
- CySec – Cyprus Securities and Exchange Commission
- FCA – Financial Conduct Authority (United Kingdom)
- FFMS – Federal Financial Markets Service
- FINMA – Swiss Financial Market Supervisory Authority
- FMA – Financial Market Authority (Austria)
- FSA – Financial Services Agency
- FSB – Financial Services Board (South Africa)
- Financial Services Commission – BVI
- Financial Services Commission (FSC) – Mauritius
- IFSC – International Financial Services Commission
- FSP NZ – New Zealand Financial Service Provider
- ISA – Israel Securities Authority
- MFSA – Malta Financial Services Authority
- SEBI – Securities and Exchange Board of India
- VFSC – Vanuatu Financial Services Commission
- UAE – Abu Dhabi Central Bank
Deposit and withdrawals at Expert Option
Expert Option has an extensive list of supported payment methods that you can use to make a deposit or withdraw the money you earn. Below is a list that may differ depending on the country you live in. Due to legal regulations, not every deposit method will be available. If your country is on the list that I mentioned at the beginning of this review, then probably all the methods described will be available from you.
To make a deposit, log in to the Expert Option panel, then click the big blue “deposit” button in the top right corner of the screen. And then select your preferred deposit method and amount. I remind you that the more you deposit, the higher the type of account you will receive. However, in my opinion, it is worth starting with $ 50, and if you decide that binary options are for you, deposit more. Remember not to risk money that you cannot afford to lose.
- Wire Transfer
- EO. finanse
- Yandex Money
Commissions & Fees
Expert Option is completely free to join and completely free to trade with. There are no fees associated with trading, except for the aforementioned commission on winning trades.
Expert Option Bonuses
The Expert Option platform does not offer classic bonuses. There are, however, different types of accounts that have additional benefits depending on the amount of money you deposit. Account types start with as little as $ 10 and end with deposits over $ 5,000. I honestly admit that I do not like such cutting of functionality just because the client does not want to pay a large amount at once.
However, if I were to choose, the most attractive is the “Gold” package, which increases the return on investment by 2%. Remember that the higher the returns, the smaller the advantage of the broker over you, and thus – it is easier to earn money on binary options. In theory, the easiest way for you to earn money is to use the “Platinum” package, but I think that depositing so much to start is just insane. Therefore, if you plan to make your first deposit, start with $ 50, and if you decide that you like playing binary options, pay extra to your deposit.
Registration and verification with the Expert Option broker
Opening an account with an Expert Option broker is very easy. Just go to ExpertOption.com and press the big blue button “Try Free Demo”. You will be taken to the registration form in which you must enter your email address and password. If you want, you can log in using your Google or Facebook account. After registering, you will receive access to a free demo account. If you want to start trading, just click the “deposit” button in the upper right corner and choose one of the available deposit methods, you can make a deposit and trade without verifying your account.
However, if you want to withdraw funds, you must verify your personal data. Verification is required at every broker because it is due to anti-money laundering protection. The idea is to prevent a potential criminal from legalizing dirty money as binary options income. To verify your account, you will need a document that proves your identity and proof of your address. Below are examples of such documents.
As proof of identity, you can use documents such as:
- ID Card
- Driving License
However, if you want to confirm your address, you must send one of the following documents:
- Bank statement
- Utility Bills
- Bank Payment Confirmation
After submitting the documents for verification, you will be able to withdraw the earned money without any problems. Account verification can take up to 7 business days, but most often it takes 3 days. The withdrawal of funds usually takes 2 business days. Unless you have a “Gold” or “Platinum” account level, your withdrawal will be processed within one day.
Free Demo account on Expert Option
Nowadays, every broker offers a demo account. Without it, it’s hard to convince the customer to register on the platform and make the first deposit. Expert Option offers $ 10,000 in a demo account, which you can refill at any time. The demo works both in the browser version and on phones with Android and iOS. I will not hide that I am not a big fan of demo trading because I know how brokers work.
It often happens that the broker, in order to encourage the client to make the first deposit, intentionally manipulates the chart to make trading seem simple, easy and pleasant. The client, seeing how well he is doing in earning money on virtual money, decides to pay his first bigger deposit, and then it happens with reality.
Therefore, personally, I do not recommend using a demo account and making a small deposit immediately and playing with the lowest rates. Thanks to this, you can be sure that the broker will not manipulate the charts and you will see for yourself how your strategy works in the real market.
To open a demo account, just click the green button below and open your free account. After logging in to the platform, in the upper right corner, click on your account status and change “Real Account” to “Demo Account”. If this is your first contact with the platform and you have not made the first deposit yet, the demo account will be active by default.
Our team conducted a survey and checked in which countries the Expert Option broker is the most popular. Thanks to these statistics, we know in which countries the broker has the best offer. If the country you live in is on the list below, there is a very good chance that this platform is tailored just for you. The countries listed below have better investment conditions, more deposit and withdrawal methods, and support in your native language. Below is a list of the top 10 most popular countries Expert Option reaches. We remind you that the mentioned platform does not provide services in every country in the world:
- India – 43%
- South Africa – 11%
- Pakistan – 11%
- Sri Lanka – 10%
- Nigeria – 7%
- Phillipines – 5%
- Egipt – 4%
- Kenya – 4%
- Ghana – 3%
- Malaysia – 2%
The list above was prepared on the basis of statistical data on website traffic. Remember that if your country is not on the list, it does not mean that the broker does not provide services in your country. This list is only intended to show in which countries this broker is popular. The higher the popularity of the broker in a specific region, the better the function will match the local market.
Looking at the website traffic statistics, you can easily conclude that Expert Option is one of the most popular brokers in the industry. It is second only to IQ Option, which is the most popular binary options broker all over the world. Expert Option currently has approximately 40 million customers. For comparison, Pocket Option has 12 million customers and IQ Option has over 100 million customers. This shows how strong the binary options industry is and how many people are interested in investing.
Summary on Expert Option
It is definitely one of the most popular brokers in the world. I really like the trading platform, the large number of technical analysis tools and the fast operation of the platform. The big downside is the lack of availability in the countries I mentioned at the beginning of this review. Of course, this is not the fault of the broker, but of the government, which restricts access to financial instruments. If binary options are legal and easily available in your country, Expert Option will be a great choice and I am sure you will not be disappointed.
I am very pleased with the small amount you can start investing with. $10 to start is really little, and I think most of those reading this article can afford it. Unfortunately, I don’t like limiting the platform’s functionality depending on what deposit you make. People who decide to deposit $5000 will have a much easier way to earn money on binary options than people with a minimum deposit of $10. I believe that the returns on investment should be equal for each type of account.
If you are interested in this broker, use the button below to open a free demo account.
What do users think about Expert Option?
Our team checked independent opinions on Expert Option. The broker has a rating of 4.9 on Trustpilot, which makes it the best-rated broker in the binary options industry. Below are some independent opinions that we have managed to reach.
a good exchange, I’ve been sitting here for a month, and I’ve withdrawn more than once, it was hard to start, I earned pennies, but after 2 months I realized how to earn, my income is now 50 dollars a week, in general, I advise those who do not know about itjonson
Good company, and excellent for trading, it offers a facility to learn to operate and to be able to do business there, it is very reliable. Another thing that caught my attention that I have not seen in another trading and market company is its level system and V1P membership. you can have better benefits that will help you many more and more in your earningsHarry Smith
There is a high profit margin
The market is open 24 hours a day, seven days a week, seven days a week.
Various forms of input / output, and there is also support for Internet banking
Chat and support 24/7. I am satisfied.Agata Miller
I invested 3000$ on this company and earned 20,000$ in two months,very responsible and trusted company,love their well manered behaviours,further looking more to investAyman Abrar
Check out our Expert Option Video Review
If binary options are legal in your country, open an account with Expert Option. However, if the broker does not provide services in your country, open an account with Pocket Option
- Modern & Fast Trading Platform
- A wide range of assets
- Variety of payment methods available
- No regulation
Execution of orders
Customer Support work
Variety of instruments