Expert Option Honest Review
Is it a legit broker?
Expert Option is a binary option trading platform that has been in operation since 2015. It has its headquarters in St Vincent and Grenadines with other offices in the UK and India. It is regulated by Russian based regulator FMRCC under license number TSRF RU 0395 AA Vv0084. Expert Option has become very popular with eastern European and Russian markets. Its website is available in Russian, English, German, Portugal, Spanish, Italian, Chinese, Hindi languages. There is no clear estimate of Expert Option’s customer base.
Opening an account with Expert Option is possible for anyone in the world even in the US unlike some brokers who restrict US citizens. The process of opening an account is straightforward. Only the name, email and telephone numbers are required. There is no email activation or token verification.
Unlike many binary trading platforms that offer new traders a demo account immediately on opening an account, Expert Option demands that the first thing a new trader does is deposit a balance. A minimum of $250 is required. A new trader cannot proceed to the trading dashboard without making the deposit. A demo account is activated after making a deposit. The demo account is loaded with virtual $10,000.
Expert Option offers 3 types of accounts:
Expert Option is unique in that they have used proprietary software for their platform unlike many other platforms which rely on MT4 and Webtrader technology.
This platform uses a combination of robots and human brokers to make the trades. Minimum investment in a trade is $10. The trade’s duration lasts 60 seconds to 15 minutes. This platform offers a unique feature called trade signals. This is a continuous stream of different asset prices and hints on whether to buy or sell. The signals are Strong Buy, Buy, Neutral or Sell & Strong Sell. This makes it easier for inexperienced traders to place trades. The trading platform is easy to use and navigate. Everything is in one place so that placing a trade is a simple matter of a few clicks and adjustments to the trade settings.
The binary trading platform is available for web based PCs and mobile smartphones. The app can be downloaded for both Android and iOS devices. The app is free to download.
The features of the app include:
Expert Option has one of the widest markets. The markets offered are:
Expert Option has strong customer support for all types of account holders. Every trader is assigned a broker to assist in placing the trades. Live video chat on the site is available even for guest users. Traders can also make customer service enquiries on phone, Skype, and email.
Expert Option could improve on some points:
Expert Option has a lot of good features and a good legal backup to be considered a not trusted broker. If you want to join this Binary Options Broker, click here. Expert Option appears to be a seriously robust platform. However, for this performance it is a suitable binary platform for experienced traders who are a bit deep-pocketed. We also recommend you to check our Trusted Brokers and our Broker Reviews Section.
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