A Review of Expert Option: An Emerging Binary Options Brokerage with Great Potentials
We conducted a detailed investigation and were very pleased with the results. It seems to be a good choice even for the newbies, and especially those who have little savings to invest in digital options trading.
Read on for more details. The ExpertOption broker offers a variety of lucrative features to its clients.
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However, these features vary depending on the type of trading account that a client chooses to open. This broker provides four types of trading accounts from which their clients can choose from.
Every account has its own features and it is advisable that every prospective trader to go through all the features before choosing the type of account to open.
This is among the lowest among the digital options expertopton binary options firms. Also, the client is assigned a personal account manager to help manage the account. The client is also entitled to one personal trading session and a weekly economic newsletter.
The trader will be entitled to a personal manager and two personal training sessions as well as a weekly economic analysis. For a trader to invest such a huge amount in digital options trading, the trader has to be well versed with trading.
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Similar to other account types, the trader will also have a personal account manager. Other features of this account are the that the trader is given priority when it comes to money withdrawals. The trader is entitled to a VIP personal account manager, daily economic analysis and an individual educational plan. Also, the trader is able to access the analysis of his or her trade history. The ExpertOption also has very well laid out bonus terms found in the Terms section. The main thing with the bonuses is that they require a x50 turnover before withdrawing.
Also, the trader has the chance to cancel a bonus but only expertopton binary options placing any trade after taking the bonus. What Features are Offered by ExpertOption?
ExpertOption trading platform — The platform has been solely developed and is used exclusively by ExpertOption broker. In the trading industry, the vast majority of brokers use software designed and built by other service providers but not ExpertOption. Their proprietary software is very easy to use, with a straightforward layout and interface making it appropriate for both new and seasoned traders alike.
The software also includes features which enable traders to take on and perform a few technical tasks which help in improving their profits per trade while at the same time swiftly executing transactions.
The material is enough to help a newbie trader get up and trading in a short time. Expertopton binary options they are interested in trading digital options, indices or currencies the material offers some advice and strategy for each type of trade. Mobile trading platform — The mobile trading platform offered by ExpertOption is an efficient trading tool which helps traders execute trades within seconds. The platform is available as an app which can be downloaded from Google Playstore for Android devices, and iOS users can download the app from AppStore.
The app is an especially good option for traders who move around expertopton binary options lot but need to execute trades regardless of where ever they may be.
Endless supply of trading signals — The platform is designed so that traders receive a steady and almost endless supply of trading signals. The alerts and signals can help traders execute relatively profitable trades.
ExpertOption Promises vs. Reality ExpertOption like many other brokers in this industry uses a number of marketing strategies to attract traders to its digital options and trading platform as a whole. The sales language is designed to lure traders both seasoned and newbie alike. However, when you set the marketing language aside and look at the website entirely objectively, it does not come across as genuine. Finding verifiable and objective information about the website is difficult which makes it hard to choose it as a reliable trading platform.
The lack of information will naturally make it difficult for any trader to trust the broker. However, in reality moving between the demo and main account is a hassle since it directs traders to the trading area each time. Also, the demo account shows exaggerated profit figures which if anything it is an indication that expertopton binary options website is unreliable since its promising a higher than usual return deemed impossible when live trading.
So, we think that the demo account is another trick to entice traders into putting money and trading with the service instead of being honest. Bonuses and various promotions mentioned on the website are clearly outlined detailing how they will be rolled out.
The bonuses have been cleverly connected to the withdrawal process which makes withdrawing the money a tedious and apparently discouraging process. Shortcomings of ExpertOption ExpertOption is a relatively new broker which is a problem for many traders especially because it does not have an established reputation which is why traders are not very confident using it.
That said some of its biggest shortcomings are the following which we think should be improved: Deposits and Withdrawals — One of the greatest concerns macd in binary options ExpertOption is their transparency when it comes to withdrawing and depositing money.
The guidelines are not clear as to how these transactions take place.
Many traders will find this turning them off because it does not give them enough room to maneuver and make good trading decisions. It has also led to several complaints by a few traders using the platform. Which is why it is a website which does not appear to be in touch with the needs of traders it is catering to or trying to attract. Customer support — Methods of getting in touch with customer support are few and far between.
Not having enough ways of getting in touch with support leaves many traders high and dry because they cannot speak to someone from the company. Plus, when you do happen to figure things out the default language is Russian.
If anything this language policy is isolating and alienating traders from other parts of the world, it is, for this reason, we think that the website has a small customer base. Withdrawal policy — We have mentioned this before i. The system seems to be a secret and opaque for the most part which is why traders will not choose to do business with this trader.
All deposits are commission-free. Withdrawals In addition to the methods used for depositing, withdrawals can also be made directly to a Bitcoin wallet. Withdrawals are processed on the same day and must be made in the same method of your deposit up to the amount of the deposit. This is standard practice in the industry to help prevent money laundering. Demo Account ExpertOptions provides a demo account for its clients to hone their skills and explore the platform prior to investing any real money.
Expert Options sports one of the best platforms in the market Expert Options — FAQ The section aims to provide answers to some of the most frequently asked questions about the company we have reviewed. We will answer questions ranging from customer support to promotions offered by ExpertOptions. Which withdrawal and deposit methods are available?
Earnings or money can be withdrawn or deposited via a debit or credit card i. Visa, Maestro, and MasterCard. Who is the owner and what is their registered address?
Is ExpertOption a licensed broker and by whom are they licensed? The company, in addition, is licensed to be a dealer of securities in the Republic of Vanuatu which was granted on 6th January and is valid for a year with license number What expertopton binary options does ExpertOptions use?
ExpertOptions uses an in-house platform developed by their own developers for trading mainly digital options. Do they offer a demo account? A demo account can be setup without having to register on the platform. Which assets can be traded on the platform? Traders have access to around 50 assets which are a part of four broad categories i.
When do the assets expire? The expiry expertopton binary options presented by ExpertOptions ranges from 60 seconds to around 5 minutes. What is the minimum deposit accepted and the lowest possible trade amount? Minimum withdrawal amount? What bonuses and benefits are available for registered customers?
In addition to various monetary benefits, the company also offers many other advantages like every trader having their own personal manager, trading analysis, and priority withdrawal, etc. What account types are available to traders using ExpertOption? Traders get to choose from four account types mainly based on the amount they deposit.
How do you get in touch with customer support? Customer support is provided via a few channels including email, phone, web forum, and online chat. Unfortunately, this broker only offers short term expiry times which leaves many traders wanting more. When it comes to mobile trading, ExpertOption only provides a smartphone and tablet app for iOS devices.
BINARY OPTION STRATEGY: EXPERTOPTION - TRADING STRATEGY (BINARY OPTIONS TRADING)
Traders can access their services through phone calls, emails, Skype and live chat. There is also a form that traders can fill in their website. For the sake of learning, ExpertOption provides one of a kind educational section.
Here, traders can find helpful articles which only explain the basic aspects of certain trading strategies.
The broker also has a FAQ section where answers to all the usual questions that may bother a trader are found. The website of this broker is available in a number of languages which are: German.