ExpertOption has been operating since 2015, and despite such a short period of its activity in the field of trading in financial instruments, it has already won the favor of traders. This company was officially registered in the UK.
In general, ExpertOption offers traders to work on a platform that looks like the trading platforms of such well-known brokers as Olymp Trade and IQ option. Everyone can fully appreciate it by opening their trading positions using the available and adapted functionality of the platform. Like many other brokers, this broker invites each client to test their skills, try their luck without financial losses, as well as the trading platform itself using a Demo account. Another positive feature of ExpertOption is the minimum deposit amount of $ 10 USA, which is really very attractive, because in fact, everyone can start opening deals on the most favorable trading conditions.
ExpertOption places special emphasis on analytics and training for its traders. Each client is always informed about the latest news on trading floors and forecasts of the movement of index values, quotes or asset prices. A specially developed section of the company’s recommendations will allow a trader to be always up to date, as well as to learn how to successfully trade with a broker.
REGISTRATION AND TRADING ACCOUNT FROM EXPERTOPTION
The advantage of this broker is the fact that everyone is allowed to open trades before the registration process is fully completed. Therefore, by opening a Demo account, you automatically get a chance to test your strength without any risk of losing real money. Remember that by opening a Demo account you only get virtual capital in the amount of $ 1000 USA, the main function of which is to assess the possibilities and features of the trading platform. But here we must not forget that, like every broker, ExpertOption offers a Demo account with some access restrictions, which will be automatically withdrawn after full registration. During the registration process, the user fills in the following data: personal e-mail address and password to access the site. This information will allow the trader to access the offered trading platform,
Opening a real trading account is possible after full registration of the user, as well as making a deposit. According to ExpertOption’s requirements, the minimum deposit amount is $ 50 or 3000 rubles. As for the currency of accounts, ExpertOption allows deposits in Russian rubles and US dollars.
Speaking about the policy of calculating bonuses, their value can be up to 50% based on the type of the user’s trading account. Bonuses are credited after the required turnover of transactions has been completed. It is important to always follow the terms and conditions of the ExpertOption bonus program, as they may be subject to change. Therefore, we recommend that you contact your personal manager and find out about everything in advance before accepting bonuses to your trading account.
The broker also offers its investors a choice of several types of trading accounts, which differ in the amount of funds, usage patterns and access to services. The main account types are presented below.
EXPERTOPTION FUNDS DEPOSIT AND WITHDRAWAL
Deposit and withdrawal of funds is possible using more than 20 electronic payment systems (Neteller, Skrill, Perfect Money, FasaPay and others), debit or credit cards (Visa, MasterCard, Maestro, Union Pay) and direct bank transfers. The minimum withdrawal amount is $ 50 or 3000 rubles, and the withdrawal process itself will take up to 2 business days. To carry out a profit withdrawal operation, you will need to submit an application in the “Finance” section of your personal account. Also, to confirm the withdrawal of funds from the trading account, you will need copies of documents related to the operation being carried out. The list of documents required for verification will be known to the user after registration on the ExpertOption website.
EXPERTOPTION TRADING PLATFORM
The ExpertOption trading platform has a clear and easy-to-use, functionally filled design, with the ability to independently determine the platform update period (5 – 15 seconds). Clients have access to such analysis tools as candlestick chart, line chart and American bar chart. ExpertOption provides optimal conditions for technical analysis. Anyone can chart trading indicators such as Moving Average, Bollinger Bands and Alligator. The working field will display a window with a chart for opening positions, but if necessary, the user can change the number of windows from 1 to maximum 4 by pressing the “Tab” button. No matter how many windows are open in the working area, they will all be independent of each other.
In addition to the functionality of the platform, it is also possible to use the service of returning from a losing deal. Any investor can receive an insured amount of up to 50% of the investment, if this condition is specified in the contract. A deal can be opened with one click of a button for just a minimum investment of $ 1 or 50 rubles. Profitability of transactions on the ExpertOption platform is up to 90%.
The ExpertOption website may not have as many training materials as other brokers. Nevertheless, everyone has the opportunity to take advantage of trading signals and navigate a volatile asset or, on the contrary, is in a calm state, as well as which asset should be chosen for a price increase / decrease.
The section of the ExpertOption website “Training” consists of: “Glossary” – where the user can get acquainted with different concepts that accompany the trading process, “Trading strategies”, “Technical analysis”, “Graphical analysis”, “Fundamental analysis” and the category “Psychology of trading” … All information in this section is updated regularly and is of a recommendatory nature for traders.
EXPERTOPTION CUSTOMER SUPPORT
Using the ExpertOption platform, each client can count on high-quality service and services required for an effective trading process. On the official website, you can use the online chat, where the manager will immediately answer all questions, or contact the support service by e-mail or phone. Support is provided in many languages, including Russian, English, Spanish and other languages.
Summing up the review, you should focus on the pros and cons of this broker:
• Attractive size of the minimum deposit – $ 10 and investment – $ 1
• Certified broker in the Russian Federation
• Demo account
• Efficiency of registration and opening of a trading account
• User support in Russian
• Extensive technical analysis tools
• Excellent selection of educational information
Cons of ExpertOption:
• Limited choice of assets by duration
• Service restrictions for some countries (USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan).