ExpertOption is a binary broker that offers its users options that are ideal for inexperienced traders who want to get a taste of binary trading, as the required deposits are lower than those offered by most other brokers.
ExpertOption is a binary broker that offers its users options that are ideal for inexperienced traders who want to get a taste of binary trading, as the required deposits are lower than those offered by most other brokers.
ExpertOption broker has 4 accounts ready for traders to use:
Mini Account
Silver Account
Gold Account
VIP Account
This ExpertOption broker also has a demo account that doesn’t require any additional download, allowing traders to experiment and get familiar with the platform before making any real trades so there’s no financial risk involved. Furthermore, in the demo account traders get $1000 worth of virtual funds allowing them to fully test the platform before making any real financial investment.
Even when performing real trades, the minimum trade amount is only $1 which still allows traders to experiment and test the market conditions before investing larger sums. The maximum investment is largely dependent on the account selected, with the more expensive accounts allowing for larger investments and higher limitations on maximum trade, as well as allowing a larger amount of simultaneous trades.
ExpertOption review shows how this broker has a proprietary platform. While most brokers nowadays opt for popular platform providers, 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.
Another great feature is that with ExpertOption you can trade on any device as they have developed Web, iOS, Android, MacOS and Windows applications.
ExpertOption review of customer support showed that various options are offered including, calling a dedicated number, sending an email or simply filling in the form on the website. There is also the option of communicating via Skype, or the live chat widget on the site.
ExpertOption also has an interesting educational section where traders can find useful articles on different aspects of trading. These are mainly targeted to beginner traders as the basic aspects of trading are explained, so experienced traders would likely already know the details. Furthermore, the FAQ section answers all the usual questions that a trader may have, eliminating the need to stay contacting customer care.
The website is available in several languages including Russian, English, German, Portuguese, Spanish, Italian, Chinese, and Arabic.
ExpertOption broker is owned by ExpertOption Ltd.
They have included some popular and mainstream banking methods to the platform for the convenience of traders. Traders can withdraw their money or make a deposit by using: Yandex, bank wire, Visa, MasterCard, UnionPay, Skrill, Neteller, WebMoney, or Qiwi. It is preferred that the same payment method is used for both depositing and withdrawing.
The minimum deposit, just like minimum withdrawal, is only $10 which provides a good opportunity for those traders who don’t have large sums to deposit at once. All withdrawals are processed within 2 days.
ExpertOption
