Published on February 25th, 2020 | by John Kane12
Expert Option Review 2020 (ExpertOption)
ExpertOption is a binary options broker that has continuously built a good reputation in the industry. The company was founded in 2014 and claims to be based on 100% transparency in digital trading experience. In addition, Expert Option boasts of making trading available for everyone and enabling many clients to generate revenue. As such, the broker has accumulated over 16 million active accounts over the 5 years of existence.
The broker is based in Rue Pastor, Port Villa, Vanuatu. If you have any inquiries you can reach them on email address [email protected] and phone number +442038633160 for English services and +0008004430002 for Hindu services. If you have been stranded wondering where to start in binary options trading, Expert Option may be the place to be. This article will highlight some of the company’s prominent features, and why they have proven to be reliable.
High Trading Volume
To start, Expert Option is available for trading on a 24-hour basis. As such, traders around the globe can trade at any time of their convenience. Moreover, the company claims to invest in the latest technologies to ensure fast trading with no delays in order executions and lags in the user interface. Therefore trading with this broker remains swift and fast allowing multiple operations.
Similarly, the company takes pride in having over 30 million trading deals executed monthly. Their clients come from 150 different countries. On that account, the trading volume of the company is very high an indication that it is a legit trading platform.
ExpertOption has created a social trading feature that allows you to study trading strategies from experts around the world. With this company, you can study how to trade from Facebook, Instagram, Twitter, and YouTube. The company has invested in all these social media platforms to make sure they capture all their customers. Therefore, with social trading, you can easily learn and interact with friends and trading gurus.
The binary options broker offers 4 different types of accounts each with its distinctive features. It is a feature that makes ExpertOption stand out from other binary brokers. The accounts are:
- Basic Account- with a basic account, the minimum allowed deposit is $50. The maximum number of deals allowed for this account is 10. In addition, the maximum deal amount is $25
- Silver Account- this account introduces a personal manager to help you run your account. The minimum deposit allowed is $500 while the allowed number of deals is 15. The maximum deal amount allowed is $250.
- Golden Account – the allowed minimum deposit to start trading is $2500. The maximum deals allowed are 1000 with a maximum deal amount of $1000.
- Platinum Account- for this account, the minimum deposit to start trading is at $5000. The account has no restriction for the number of deals but the maximum deal amount allowed is $2000. It introduces an account manager
- Exclusive Account- this account introduces a senior account manager. There is no limit to the number of deals allowed. However, the maximum deal amount is set at $5000. You can only own an exclusive account from an invitation.
Expert Option goes an extra mile of requesting potential traders to read through the different types of account so they can make informed decisions. This clearly shows that the company has its client’s satisfaction as their primary duty.
The company has a free demo account that offers 10000 virtual money. As such if you are new to binary option, you can learn how to trade without having to bear any loss. This proves that the broker is trustworthy since it roots for its customer needs first rather than gaining profits.
Firstly, the company does not charge commissions when you withdraw. Payments are processed within 2 working days and one is required to provide documents for verification before payments are done. The overall minimum amount you can withdraw is 10 USD.
Secondly, the broker prides themselves with working with over 20 payments systems. This ensures people of all diversity and different background are accommodated. Some of the electronic payments used by the broker include Skrill, Neteller and FastPay amount others. Debit and credit cards are also accepted including Visa cards, Master cards and Maestro to mention but a few.
The competing binary options brokers are:
First and foremost ExpertOption platform is supported by different devices, that is, Android, iPhone, Web, Windows, IPad and MacOs. On that account, the broker has a trading app. The company has managed to scope prizes for mobile trading apps. According to Google play and app store ranking, Expert Option app is the top financing app in 47 counties. Similarly, it was ranked the fastest-growing app. The popularity of the app builds on the credibility of the broker.
Expert Option has secured your funds by investing in the strongest cryptographic algorithms. Moreover, all transactions are verified by visa and MasterCard. The company also takes responsibility for securing their client’s information.
The binary option broker is legal as it is verified by the VFSC Government Financial Commission. On that account, you do not have to worry about the safety of your investment.
On the flip side, Expert Option has its drawbacks. While a demo account may seem like a good thing, using it is quite hard. The website keeps directing you to the real account. This may come across as a red flag especially to new traders.
As I conclude, investing in binary options requires a certain level of risk and is not a guarantee of profits. Therefore, since the company pros exceed the cons, ExpertOption is with no doubt a trading platform for both gurus and new traders. If you are considering to invest in binary options, I hope you find the article resourceful.
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