An Overview Of ExpertOption Binary Trading

With the introduction of binary options trading into the mass retail trading market, investors now have a fantastic opportunity to earn some of the highest returns on their investments in the entire financial markets. However, with the increased earning opportunity, traders should also be aware of all the risks associated with the binary options products, as it can result in an entire loss of investment within a few seconds. One of the main benefits of binary options trading is that traders can start investing in the markets with a small investment, without worrying about their capital outflow.

 

Brokers have become a prominent part of binary options trading, as several brokers have designed their services to suit the requirements of binary options traders. While we have seen the rise in popularity of established binary brokerages, we can’t help but notice the ever-rising number of scams and frauds that tamper with a reliable and secure trading environment. Broker frauds are often presumed to be one of the largest risks in binary options trading and are a valid reason why traders tend to be extremely cautious in their approach towards choosing a binary options company.

 

ExpertOption, with its new and improved service, aims to remove any concern regarding the trustworthiness of the broker’s binary options services. The broker has concentrated on catering to a large part of the trading community, with several products in its lineup that is suitable for both small and large investors. However, we will judge ExpertOption on the basis of their binary trading account options, payouts, assets, and cost of trading, so as to provide an expert and honest opinion through a detailed ExpertOption broker review.

 

Is ExpertOption Regulated?

One of the confusing facts of ExpertOption is its regulatory status. Normally, traders are more inclined to invest in brokers that offer a better regulatory environment, but as far as ExpertOption regulation is concerned, the broker is not regulated by any top regulators in the market. ExpertOption is regulated by the Vanuatu Financial Services Commission (VFSC) and the Financial Markets Relations Regulation Center (FMRRC) Of Russia, which may not be as reliable as some of the more accomplished binary options companies in the market. VFSC is only slowly improving its regulatory guidelines and policies to conform to modern regulatory standards, while the FMRRC is still not as efficient as its EU counterparts.

Of course, ExpertOption is way ahead of other non-regulated entities, and the company’s intent on being regulated by a popular binary options regulator is indeed a good indicator of the reliability of the company. ExpertOption has managed to acquire close to three million accounts since its launch in 2014 and claims to execute more than 30 million deals per month. The broker’s strategic location in Vanuatu and Russia enables the company to lower its operational costs, and enjoy better tax advantages when compared to other popular broker locations. ExpertOption does follow all client protection policies such as segregation of clients’ funds and advanced encryption technologies, in order to ensure that its traders receive the best protection for their investments.

 

Although the company has promised to cater to a global market through its motto “We make trading available for everybody”, there are a few countries that are exempted from using the broker’s services. ExpertOption does not provide its binary options services to traders from the USA, Canada, countries of the European Economic Area, Switzerland, New Zealand, Israel, Australia, Japan, Puerto Rico, Sudan, and North Korea. It is not a surprise that the broker has stayed away from the US and the EU, as these jurisdictions only allow regulated brokers with verified licenses to cater to its citizens/residents.

 

However, traders from the rest of the world can open an account at ExpertOption without any restrictions, and enjoy the fast and exciting world of binary options trading. The ExpertOption regulation also ensures that traders can trade the markets with a verified organisation, rather than being at the mercy of an unregulated binary options broker.

 

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ExpertOption Assets

Traders usually stick to a few tried and tested binary options assets, and rarely venture out to new or exotic products. However, the appeal of binary options trading lies in the ability of traders to invest in different financial instruments, and traders can choose to invest in any financial market, including FX, commodities, stocks, indices, and OTC products. ExpertOption has around 100 different assets, which is available for trading 24X7, depending on the product. Most Forex and commodities products are usually available for 24 hours a day and 5 days a week, while stocks and indices trading is limited to the market timings of the respective markets. Given below is a list of all the financial assets that you can expect from ExpertOption –

Forex: EUR/CAD (OTC), EUR/USD (OTC), USD/JPY (OTC), EUR/JPY (OTC), USD/CAD (OTC), USD/CHF (OTC), NZD/USD (OTC), AUD/USD (OTC), EUR/GBP (OTC), GBP/USD (OTC), EUR/CHF, USD/HKD, USD/TRY, EUR/USD TURBO, AUD/CAD, AUD/JPY, EUR/GBP, EUR/USD, EUR/TRY, GBP/USD, GBP/CHF, AUD/CHF, CAD/CHF, AUD/USD, USD/CAD, GBP/JPY, EUR/AUD, GBP/AUD, AUD/NZD, GBP/NZD, GBP/CAD, USD/NOK, NZD/USD, EUR/JPY, CHF/JPY, EUR/CAD, CAD/JPY, USD/RUB, USD/JPY, USD/CHF, USD/THB

Commodities: Brent Oil, Gold, Gold (OTC), Oil

CryptoCurrencies: Ethereum, Litecoin, Bitcoin, BTC/CNY, BTC/INR, BTC/LTC, BTC/THB, Bitcoin Cash

Indices: S&P500, Dow Jones, DAX 30, FTSE 100

Stocks: GOOGLE, Apple, Amazon, Weibo, Microsoft, Tesla, Lockheed Martin, Valeant, Allergan, YUM, IBM, Yahoo, Mcdonalds, Disney, Ford, Citigroup, Goldman Sachs, Coca-Cola, Baidu, Netflix

ExpertOption appears to be more inclined towards Forex currency pairs and cryptocurrencies, as the number of indices and stocks are lower than that is offered by other brokers. The list of commodities is also minimal, but the number of assets should suit most traders. It is also a good approach by the broker to offer all the leading stocks in the financial markets, but traders will be sure to miss out on trading indices and stocks from the European, African, and Asian markets.

 

ExpertOption Payouts & Binary Products

ExpertOption does not make any compromises with its payouts, as traders can easily achieve a high payout of 95% on certain assets. The average payouts for in-the-money (ITM) trades are also pretty impressive, as traders can expect to receive at least 75% profits for most instruments. Of course, the broker also promises to offer a refund for losing or out-of-the-money (OTM) trades, and the exact refunds should vary according to the asset chosen. All trading information such as potential payouts, refunds, and live instruments are provided on the trading platform, and traders can make an informed choice after considering all the different aspects of a particular asset.

Another important feature of ExpertOption is its low initial investment required for opening a binary options position. While several leading brokers ask their traders to invest a minimum of $10 per trade, which can even go up to $25 for certain brokers, ExpertOption allows its users to start trading from just $1. It is certainly a huge advantage, especially for smaller traders, and helps in reducing the capital outflow to a greater extent.

 

The binary options products available for trading are limited to Turbo/short-term and long term options, which clearly restrict traders from trading options such as ladder and range options. Therefore, it is a slight drawback that traders cannot indulge in high-risk binary options trading that could have provided a better profit potential with higher payouts.

 

Another feature of ExpertOption trading is that the broker has mentioned a higher trading limit of $1000 per position, which is significantly lower than the maximum investment limit per trade of $2500 and $10,000 that are offered by other brokers. It does clearly signify the broker’s commitment towards protecting traders from the risks of the market, but professional traders will require access to slightly better trading conditions to match their higher investments. Nevertheless, ExpertOption is a reliable option when it comes to binary trading, particularly for smaller retail traders.

 

ExpertOption Payouts & Binary Products

ExpertOption does not make any compromises with its payouts, as traders can easily achieve a high payout of 95% on certain assets. The average payouts for in-the-money (ITM) trades are also pretty impressive, as traders can expect to receive at least 75% profits for most instruments. Of course, the broker also promises to offer a refund for losing or out-of-the-money (OTM) trades, and the exact refunds should vary according to the asset chosen. All trading information such as potential payouts, refunds, and live instruments are provided on the trading platform, and traders can make an informed choice after considering all the different aspects of a particular asset.

Another important feature of ExpertOption is its low initial investment required for opening a binary options position. While several leading brokers ask their traders to invest a minimum of $10 per trade, which can even go up to $25 for certain brokers, ExpertOption allows its users to start trading from just $1. It is certainly a huge advantage, especially for smaller traders, and helps in reducing the capital outflow to a greater extent. The binary options products available for trading are limited to Turbo/short-term and long term options, which clearly restrict traders from trading options such as ladder and range options.

 

Therefore, it is a slight drawback that traders cannot indulge in high-risk binary options trading that could have provided a better profit potential with higher payouts.

 

Another feature of ExpertOption trading is that the broker has mentioned a higher trading limit of $1000 per position, which is significantly lower than the maximum investment limit per trade of $2500 and $10,000 that are offered by other brokers. It does clearly signify the broker’s commitment towards protecting traders from the risks of the market, but professional traders will require access to slightly better trading conditions to match their higher investments. Nevertheless, ExpertOption is a reliable option when it comes to binary trading, particularly for smaller retail traders.

 

ExpertOption Platform For Desktop Trading

Desktop binary options traders have the option of choosing from two different ExpertOption platforms, the installable desktop trader and the Web Trader. ExpertOption hasn’t spared any expenses into developing two distinct platforms for desktop traders, as they are aware of the requirements of traders who are thoughtful about their investment strategies. The ExpertOption trading platforms for desktop devices are available for both Windows and Mac operating systems, thereby offering a dedicated desktop platform for a majority of desktop users.

The Web trader platform is also a good option for traders, but it may not be as efficient as the installable software. The Desktop platform offers advanced options for research and analysis, which also include customised charting and indicator options. In comparison, the web-based platform is developed as a less resource-intensive application, which is accessible on most compatible web browsers. The Web Trader is more oriented for traders who are not very concerned about the detailed features available on a desktop platform. However, for traders who are willing to take up binary options trading as a serious investment option, the desktop platform is indeed a must-have, owing to its platform functionalities and high-end charting options.

ExpertOption’s unique strategy of offering two different versions of desktop trading platforms will surely be a hit among traders, as it ensures that traders have the most comprehensive access to the markets to trade according to their requirements. Both the desktop and web-based platforms have an excellent graphical user interface and are supplemented with additional trading tools that are indeed some of the best offered in the market.

 

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ExpertOption Apps For Mobile Trading

ExpertOption has two dedicated mobile trading apps developed for iOS and Android devices. These mobile trading platforms are available for download on both the Google Play Store and the Apple iTunes store. The broker claims that both ExpertOption mobile apps have been downloaded by more than a million users, which certainly indicates that ExpertOption has been a popular option for global users.

If you are comfortable with using the web trading interface for both desktop and mobile trading, ExpertOption provides an excellent responsive platform that can be accessed from your mobile device’s web browser. ExpertOption web Trading apps are compatible with both smartphones and tablets and does not require any additional add-ons or plugins. Both the mobile apps and the web traders are excellent for mobile trading, and it is ultimately your choice to pick the best platform according to your trading requirements.

 

ExpertOption Minimum Deposit & Payment Options

It is not exactly a simple process to sign up for an ExpertOption account, as there are multiple account choices for traders. Traders can choose between four different account options, and such accounts are developed according to the minimum deposit. The Mini account, which is the primary account option, allows traders to deposit as little as $50 for binary options trading. The Mini account is more suited for smaller traders, as the maximum investment per position is restricted to $50. The maximum exposure is also set at $500, with traders being able to open 10 consecutive trades simultaneously. The Mini account also does not offer any other advantages, apart from some basic educational materials.

The second type of account is the Silver account, which may offer a better trading environment than the Mini account. There are still a few trading restrictions, such as a maximum deal size of $100 and the maximum number of open positions limited to 15. The Silver account is available for a minimum deposit of $250, but you do get access to a personal account manager.

For better trading conditions and comparatively lower trade restrictions, the Gold account with a minimum deposit of $1000 is a better option for professional traders. Of course, the Gold account does have a maximum investment limit of $300, but there are no restrictions on the number of open positions that a trader can manage at a single time. The Gold account also comes with several benefits such as expert trade consultation, higher payouts, and priority withdrawals that can initiate withdrawals within a few hours.

ExpertOption has also created an account suited for premium traders, which is called the VIP account. The VIP account is basically a Gold account, with a few added advantages. The advantages include a priority over all other account holders, better trading bonuses, individual account review, and a maximum investment limit of $1000 per trade. There are also no limitations on the number of maximum positions that VIP traders can hold simultaneously, but the maximum exposure limit may be set by the broker on the basis of the trader’s risk history.

ExpertOption has secured the services of more than 20 different payment processors, the chief among which are:

  • Visa
  • MasterCard
  • UnionPay
  • Neteller
  • SkrilL
  • WebMoney
  • Qiwi Wallet
  • PerfectMoney
  • Yandex
  • Payweb

Despite the lower initial deposit requirement, traders can withdraw as low as $10 per withdrawal, but be aware of all the charges and fees that may be charged by individual payment processors. Privileged members of ExpertOption also qualify for a free Visa debit card, which can be used to withdraw funds at anytime and anywhere in the world.

 

ExpertOption Bonus

Let’s face it; binary options brokers have become an attractive opportunity for traders to attain massive bonuses, similar to the ones offered by gaming and sports betting companies. However, there are several regulatory restrictions, mainly for brokers located in the US and the EU, which prevent companies from providing any free money to their clients. Since ExpertOption does not cater to any traders from these regions, the broker is free to offer attractive bonuses to traders. The bonus starts at 50% of the deposit amount for Mini account holders, which increases to 80% for Silver accounts. The bonus is further enhanced to 100% for Gold accounts, and 125% for VIP accounts. Regardless of your choice of account, ExpertOption has indeed provided one of the best bonuses in the industry.

 

ExpertOption Demo Accounts

The broker offers a virtual account with $10,000 as the beginning capital and is available without any time restriction. Although the demo account is only offered for the web trading platform, it is still an incredibly effective way of evaluating the broker’s services without involving any real money. It is also advantageous for beginner traders, as they can access the demo platform anytime, including over the weekends, and start trading without even logging in.

 

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ExpertOption Customer Support

One of the striking features of ExpertOption is their 24 hours customer service. You can contact the broker’s representative, or your personal account manager, throughout the day and even over the weekends. ExpertOption offers live support for traders in more than 150 countries, and traders can contact the broker through phone, email, or the web contact form. The 24 hours live chat is also available on call for any customer interactions, or Gold and VIP traders can contact their personal account managers directly. ExpertOption has one of the best customer service channels when comparing it to some of the mainstream brokers.

 

Binary Options Tools At ExpertOption

ExpertOption has an incredibly effective social trading tool, which can help both novice and expert traders to copy other more established traders in the market. Apart from the social trading network, traders can also make use of the broker’s educational materials, trading strategies, technical analysis, and fundamental analysis. Silver account holders also get access to personal account managers, while Gold and VIP traders receive expert assistance through input from technical experts who are well-versed in the markets. The broker also offers several articles and guidelines on the psychology of trading, which can provide an improved trading experience.

 

ExpertOption Broker Verdict

Pros

  • Low minimum deposit requirement for an account.
  • Four types of accounts to accommodate both small and VIP traders.
  • The increased payout structure for classic options.
  • Good choice of bonuses.
  • Availability of dedicated desktop and mobile trading platforms.
  • Social trading network.
  • Professional and friendly customer support.

Cons

  • Does not accept traders from the US, Australia, and the EU.
  • A small number of shares for binary trading.
  • Smaller accounts do not offer better trading features.

 

FAQ

What Is The ExpertOption Minimum Trading Limit?

The minimum investment per trade is $1, while the maximum investment is restricted to $1000 for VIP users.

 

Is ExpertOption Regulated?

Yes, ExpertOption is regulated by the VFSC (Vanuatu) and the FMRRC (Russia).

 

What Is The Minimum Withdrawal?

Traders can request for a minimum withdrawal starting from $10.

 

Does ExpertOption Provide Any Bonus?

Yes, ExpertOption provides up to 125% bonus for VIP account holders, while the bonus for regular accounts start from 50%.

 

 

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