Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Expert Option Review

Expert Option

ExpertOption is an interesting new broker that is regulated by the Russian FMRRC with license number TSRF RU 0395 AA Vv0084. In ExpertOption review was noted how this broker has many possibilities for trading, and how it will be attractive mostly to inexperienced traders with lower budget thanks to low deposit and account opening rates.

Find out more about ExpertOption in the review that follows.

What is Expert Option?

ExpertOption broker is owned by ExpertOption Ltd. ExpertOption is a broker that has many lucrative deals for its users. Most brokers have higher deposit requests than ExpertOption, so inexperienced traders who want to try binary trading for the first time will be happy with what this broker provides. In ExpertOption review was found out how this broker has 4 accounts ready for traders to use.

Mini Account

  • $50 deposit
  • Personal manager
  • 1 personal trading session
  • Weekly economic newsletter
  • 100% bonus on first deposit from $30 to $500

Silver Account

  • $250 deposit
  • Personal manager
  • 2 personal training sessions
  • Weekly economic analysis
  • 100% bonus on first deposit from $30 to $500

Gold Account

  • $1000 deposit
  • Lead personal account manager
  • 4 personal training sessions
  • Daily economic analytics
  • Priority money withdrawal
  • Increased asset profit
  • $500 bonus on deposits higher than $500

VIP Account

  • $2500 deposit
  • VIP personal account manager
  • Individual education plan
  • Daily economic analysis
  • Priority money withdrawal
  • Maximum asset profit
  • Individual trade history analysis
  • 125% bonus

Required trading volume for the deposit bonus is x50, and for no-deposit bonus x60. ExpertOption grants 20% – 50% bonus on rebills depending on the amount of deposit.

Expert Option Demo

This broker also has a demo account that doesn’t require any additional download. Traders get $1000 virtual funds and can test the platform before making any investment. This is a great solution for traders who want to experience trading and get familiar with the platform first, before participating in real financial investment.

Minimum trade with this broker is only $1 which can help traders test the market circumstances before investing larger sums. Maximum investment highly depends on the account selected. More expensive accounts have larger limitations on maximum trade and allow more simultaneous trades at the same time.

Expert Option Login

ExpertOption review showed how this broker has a proprietary platform. While most brokers nowadays opt for popular platform provider, proprietary platforms have their advantages as they are developed by the broker who knows his traders best.

The trading interface is very easy to use as it provides a good overview of the trading process. Traders can select different assets like currency pairs, indices, and commodities although the number of commodities is limited to gold and crude oil. The expiry times leave more to be desired as only short time frames are available.

The good news is that ExpertOption has smartphone and tablet app for iOS devices. It can be hoped that they will add Android app as well because there are many users who prefer this operating system.

Is Expert Option Scam?

The broker is legit and not a scam. Expert Option helps customers and traders. Our review helped us find out more about their customer support. This broker really offers a variety of options. For examples, traders can call their phone number, email or simply fill the form on the website. It is important to note that this broker also communicates via Skype, and uses live chat as well. Don’t be confused – live chat functionality can be reached by selecting it in the menu on the top of the website.

ExpertOption also has an interesting educational section. In there, traders can find useful articles on different aspects of trading in just a few clicks. The only downside is that the explanations are a bit vague, so more experienced traders won’t find them useful. They only explain the basic aspects of certain trading possibilities.

FAQ section answers all the usual questions that may bother an average trader. It is not educational per se, but it can help traders avoid contacting customer service if they need only simple information. Their website is also available in several languages like Russian, English, German, Portuguese, Spanish, Italian, Chinese, and Arabic.

Expert Option Withdrawal Limit

ExpertOption has included some very popular banking methods on the list. Traders can withdraw their money or make a deposit by using: Yandex, bank wire, Visa, MasterCard, UnionPay, Skrill, Neteller, WebMoney and Qiwi. It is preferred that the same payment method is used for both depositing and withdrawing.

Expert Option Minimum Deposit

Minimum deposit, just like minimum withdrawal, with this broker is only $10. This is a great opportunity for all traders who don’t have large sums to deposit at once. All withdrawals are processed within 2 days.