ExpertOption Review: Is It Good For Investing And Trading?

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BASIC INFORMATION

ExpertOption is an online trading platform that allows you to trade in a well-designed and easy to use interface with a range of financial instruments. Via their website or by downloading one of their apps, you can trade. In 2014, the platform started providing services and carries out more than 30 million deals every month. More than 37 million accounts have been opened so far. ExpertOption makes customers a priority, making it its primary value for customer service. There are more than 100 account managers, each focusing on meeting the needs of customers.Post Image

——— Your money might be at risk.

MOBILE INTEGRATION

can be downloaded from the Apple App Store or the Google Play Store. Alternatively, users can download the installation file for Android .apk directly from the ExpertOption website. In their respective stores, each mobile app is highly rated, and it’s easy to see why. ExpertOption goes above and beyond to provide mobile users with complete control with fast withdrawals, access to a free demo account, and access to over 100 different trading tools complete with professional trading conditions. Perhaps the only drawback is that a mobile device’s small screen size can limit the use of the helpful technical analysis features of the platform.

188 ExpertOption Review: Is It Good For Investing And Trading?

ARE THEY SAFE?

MasterCard and Visa are verified by ExpertOption to safeguard client security. This is done via the status of SecureCode Verified by Visa and Mastercard. There are also icons for Cert Trusted Secure and PCI DSS Compliant in ExpertOption. It also encrypts all data using the strongest algorithms for cryptography. SSL encryption is used by the website, so all data sent over it uses AES 256 encryption. You can confirm this by viewing the lock icon via the URL in your browser and by using an HTTPS:/ address instead of an HTTP:/ one. During the China Trading Expo in Shenzhen in May 2017, ExpertOption won the title of “Best Trading Platform.” Although the broker does not list any other awards in an obvious place on its website, users and independent websites do also have mostly positive reviews.

DEMO ACCOUNT

ExpertOption offers a demo account for clients to explore the platform and hone their skills before investing real money. In virtual money, the demo account comes with a balance of 10,000. There is no registration necessary. You will be shown a short video titled “How to trade” as soon as you click on the link to give you a guide to using the platform. As the pricing is identical to the figures listed on the live account, the demo account is extremely useful, giving you an accurate idea of how your trading style would work with ExpertOption. The fact that you do not need to register to create a demo account helps to set ExpertOption apart. This means that to get a feel for the platform or financial instruments, such as those on ExpertOption, you do not need to provide any personal data. Many people feel more secure knowing that before registration, ExpertOption will not have any data on them. In addition, the absence of registration required for a demo account also implies that there is no way for ExpertOption to pressure you after the demo to open a real money account. The broker will not have your contact information after all.

ACCOUNT TYPES

ExpertOption has an exceptional range of accounts, although many brokers only offer a single account type for customers or possibly two. It is also interesting to note that instead of creating account tiers based on verification levels as many brokers do, ExpertOption creates tiers based on the size of your investment, with the ability to upgrade to a higher account level. There are five types of ExpertOption accounts available, with each adding advantages but increasing the minimum investment. The basic account only requires a $50 deposit, but when you are ready to do so, you can upgrade to a higher status.

The most common starting point, requiring a minimum deposit of $500, is silver accounts. Gold accounts start at $2,500, and $5,000 for Platinum accounts. Exclusive accounts are only available by invitation.All the educational materials are accessed by the Basic accounts. With a maximum deal amount of $25, you may have a maximum of 10 deals open at a time. An introduction to a personal manager includes Silver accounts. The maximum offers are upgraded to 15 and the maximum deal is $250. As well as financial research, they also add access to daily market reviews. The Gold accounts allow 30 open deals of up to $1,000 per deal at the same time. They also add priority withdrawal and up to 2 percent higher asset profit. Those with gold and higher accounts also receive priority withdrawals. Platinum accounts have a $2,000 maximum deal amount and no limit to the number of open deals simultaneously. The increased profit from assets is up to 4 percent, and you get an account manager as well. Those with Exclusive accounts get a senior account manager, up to 6 percent greater asset profit, and $5,000 maximum deal amounts. Access to strategies is also added to this account type. Note that for a single trade, regardless of the account type, the minimum investment amount is $1. It is also important to note that certain account advantages require the customer to request activation via email of that feature, at which point it will be activated manually.

OPTION BONUSES

ExpertOption recently began to offer 100 percent bonuses to all first depositors in a significant new update. The introduction of a bonus scheme is mainly due to popular demand, and traders are claiming a much-needed boost to start trading. The 100 percent bonus can be claimed from deposits starting at $30, and traders will have one hour to take advantage of it after creating their account.

Importantly, acceptance of bonuses does not affect the ability to withdraw, as with other brokers, you will still be eligible to withdraw at any time with ExpertOption if you choose to accept the bonuses on offer. Existing traders also have access to the bonuses, even though the percentage on offer differs from that of those who first deposit.

Clients can trade a range of assets with ExpertOption, including cryptocurrencies, equities, forex, commodities, and stocks. ExpertOption has all the big crosses for fiat trading pairs, such as CHF, EUR, AUD, USD, NZD, and GBP. The shares include Coca-Cola, Amazon, Tesla, and Baidu. You can trade oil, silver, and gold in terms of products. ExpertOption truly excels with Bitcoin, Ethereum, Ripple, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum Classic, Litecoin, IOTA, Monero, Tether, and Zcash in terms of its cryptocurrency offerings.

TRADING

By clicking on ‘Demo Account’ on the homepage, you can easily view the trading platform yourself. The main graph, which shows the prices of your chosen asset with real-time figures, is the focus of the platform. The main graph lets you hover over any point and see at that point the specific time as well as the price.There is a drop-down menu in the top-left corner of the graph where you can choose one of the 100 or so stocks and assets to view. You can either choose one of the top instruments here, use the search bar, or browse by type of asset.

You will see the current percentage and percentage shift on the right of each instrument. Select from one, two, three, four, or five minutes after selecting your asset. The graph will automatically update when you hit ‘Apply,’ as will the information in the sidebars. The layout of the chart can also be adjusted and split, so that you can view the charts for more than one asset at a time.

This last feature is especially useful for those trading in multiple markets.To view past prices at your preferred date, use the controls on the graph. You will find useful tools to help you analyze the price graph on the right of the asset drop-down menu. For charts, indicators, drawings, and social trading, they are split into buttons. Switch between four types of charts: area, line, bars, or candles, using these buttons. MACD, awesome oscillator, RSI, fractal, parabolic SAR, alligator, Bollinger bands, and moving averages are among the indicators.

You can customize it fully by clicking on any of these indicators. You can add rays, vertical lines, or horizontal lines using the drawing button.Clicking the social trading button toggles trading icons either on or off from other ExpertOption customers, so you can see when and how much they’ve traded. You also have the choice of three different layouts on the right of these buttons to choose from.

Near the bottom of the graph is the trading panel. It shows the amount of the deal, as well as your potential profit, for a given trade. The profit is adjusted automatically as you adjust the deal amount. On the red and green buttons on the right side of this panel, you will note that the potential profit is represented as a percentage. You will see the potential profit or loss immediately above each button. Here, you may also adjust the strike rate.

You will see buttons for Trade, Finances, Profile, Apps, Analytics, Education, Help, Setting, and Exit on the left side of the screen. The Trade button shows the graph and all of the features above. The Finances button shows you your account details, including the account type you have and your balance. This is also where deposits and withdrawals can be submitted. The Profile section indicates your history of trading.You will see three options for Deals, Trends, and Social on the right-hand side of the screen. Clicking on Deals opens a sidebar that shows your most recent deals on the right side of the screen. With your choice of one-, two-, and five-minute intervals, Selecting Trends shows trends in the right sidebar. On this list, all asset types appear, with trends-based commodities, forex, cryptocurrencies, and more mixed together.

OVERALL RATING

4.4

PROS

Well-Designed Interface

Proprietary Trading Engine

Good Payment Options

Demo Accounts

Range of Markets

CONS

Regulated in St. Vincent and the Grenadines

Short-Term Options

USA Not Accepted

SHOULD YOU USE THEM?

Not as many indicators as in IQ Option, but ExpertOption is a great broker and you will not be disappointed.

But we recommend IQ Option more. You can visit our IQ Option review here.

——— Your money might be at risk.

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