Working with money brings money. That is why the profession of a trader looks so attractive. Moreover, thanks to modern tools, you can trade with small amounts, gradually increasing experience and choosing a trading strategy that suits you. In this article you will find an Expert Option review. This is a broker that offers fast trading on a professional terminal with all the necessary tools for this and a deposit of only $10. You will learn the pros and cons of the broker and get the opportunity to try a practice account for free.
What is Expert Option?
The Expert Option trading platform started providing services in 2014, immediately focusing on the binary options market.By this time, strong competitors were already present on the market: sites that opened in 2012/2013. It was not easy to attract the attention of clients to a new broker that was not included in the TOP-10 established at that time. Nevertheless, the ExpertOption broker coped with this task: today the company is one of the largest, with more than 50 million registered users. And also has an excellent reputation among both beginners and experienced traders around the world (broker serves 48 countries). The site operates in 13 languages. In mid-2015, a few months after the founding, a license was obtained from two regulators: VFSC, FMRRC. Therefore, the activity of the broker is absolutely legitimate.
Expert Option made the main bet on attracting novice traders. Accordingly, interesting conditions for beginners have been created on this site.
The first thing to pay attention to is:
- Demo account is opened with one click, even without registration and provides the trader with a full range of options. You can try any strategies, evaluate the operation of the platform and all instruments on virtual money in the amount of $10,000, and only then, after evaluating the platform and your strengths, enter real online trading;
- Tutorials: Expert Option Nigeria's official website has a basic library of tutorials, webinars and other educational materials and analytical tools that are useful for beginners in trading.
The customer support service, according to the broker, has more than 100 customer service employees on its staff. You can write a live chat with them on the platform itself if you go to the "help" section. In addition, firstname.lastname@example.org mail and phone +44 20 3868 3160 work for you.
Expert Option trading
The company's services are in demand among those who are looking for new earning opportunities in the financial markets. Trading will become comfortable for you. After registering, you will learn how to use the platform for maximum profit.
You will be able to trade and receive basic education directly on the platform on topics such as:
- Technical analysis
- Graphical analysis
- Fundamentals analysis
- Psychology of trading
- Trading Strategies
ExpertOption trading platform offers binary options trading. This format involves opening short orders for a period of 30 seconds to several hours. But you need to predict the direction in which the asset price will move. By choosing the “Higher” value, the trader assumes that the order will have to close at a higher price than it was opened. If the “Lower” value is selected, the value of the asset at the time of closing the position should be below the opening level.
The minimum possible bet is $1, which means you can start with small bets without risking large sums.
At the same time, earnings on binary options are possible up to 95% of the deposit of each transaction. In case of an incorrect prediction, the bet is lost. It is no less difficult than trading in the traditional format on international financial markets. But this variation of trading takes less time and requires less user training.
The choice of options in Expert Option is practically absent: these are classic Call / Put and turbo options with the same conditions. No One Touch, no ranges, no other types of contracts - but there are long-term options. If you prefer reliable “classic” strategies, the platform will suit you well.
A binary option is a derivative instrument and you need to choose the underlying asset, the price of which you will analyze and predict. To do this, on the left side of the working chart, click on the line with the name of the asset and a list with current assets will appear. They may change. There are several categories from which you can choose:
- Forex or other currency pairs
In total, you will find about 100 assets. This is quite enough to diversify your investment portfolio. You can choose the asset whose price you can most easily predict. Perhaps you know the latest news and assume that the price of the asset will go down or up. However, everyone has their own strategy.
On the platform, you will also find the latest news in video format, analytics and an interesting tool - the mood of traders, you can see online how the majority trades and who earned how much on the selected asset.
The Expert Option broker uses its own trading platform, available in different versions: Web version, as well as applications for Windows Android iOS and MacOS. All trading apps are free. You can download them directly from the terminal. In the sidebar on the left there is a section called "applications". And also on the official website. Follow the link below and download for free from the main page of the site!
Broker platform became the award winner as the best trading platform at the China Trading Expo international exhibition in 2017. Well-thought-out design, not overloaded interface, emphasis on the main tools, these are the main distinguishing features of the terminal. There are companies that offer traders a lot more options, but many prefer to be limited to a reasonable minimum, like Expert Option.
There are not so many analysis tools:
- 8 technical indicators;
- 3 graphic tools. Vertical line, horizontal line and Ray.
Of the interesting features of the trader, it is worth noting the return service - insurance, which, if the contract is lost, returns up to 40% of its value. But keep in mind that by making such compensation, you reduce the profitability of the transaction.
There are 2 account types for all traders. Free demo account with $10,000. And a real account for real trading. To open a demo account, you do not need to register, just select the menu - "try demo for free"
A relatively low entry threshold also plays a plus for the company: to start working on this exchange, it is enough to replenish a deposit of only $10 (usually the minimum amount is $50-$200). If you replenish your account for a large amount, you will receive an “advanced” status and certain bonuses while working. Brokers have a hierarchy of accounts and you can expand the functionality of your account over time.
The difference between the types of accounts is manifested in bonus offers and all sorts of benefits. For example, starting with the Silver status, the user gets access to a daily review from the company Expert Option of financial markets. In particular, daily publications from experts in tandem with economic news can be used for analysis. In addition, accounts of the Micro and Basic categories are limited in the number of simultaneously active orders - their number cannot exceed 10 units. The exclusive status allows the client to use the advice of a personal manager.
The company also presents social trading. Do you see user avatars on the chart? The platform allows you to see when, in what direction and with what investment traders open transactions. The only negative is that we do not see how long other traders open deals.
Terms and Conditions
Commissions and fees
The broker does not charge commissions for servicing, opening an account, for replenishing or withdrawing funds, with the exception of a few points. The so-called inactive fee. The company has the right to write off $50 monthly from the account for a long-term non-use of a previously active real account. For more details, you can check this information with technical support.
After successfully Expert Option login, you can go to the deposit page. To do this, click "Finance" in the upper left corner of the menu in the terminal and click "Deposit". To start trading live, you need to make an investment to your account (minimum deposit is $10). Choose from the payment methods that are convenient for you:
- сards (Visa, Mastercard);
- electronic payment systems;
- bank transfer;
Many of the traders prefer to use electronic payments instead of bank cards because it is faster to withdraw funds. And there is good news: the company does not charge commission when making a deposit.
You can withdraw any amount from your account, as long as it is not less than $10. Please note that before withdrawing money, you will need to go through verification: for this, broker managers will ask you to provide scans of basic documents.
The terms for withdrawing money are average for the market: most applications are processed within three business days, withdrawals to bank cards and electronic payment systems are the fastest, and bank transfers are the slowest. Please note: you can withdraw money only to the same details from which you replenished the deposit.
Expert Option registration in Nigeria
The registration algorithm in ExpertOption Nigeria is quite simple. The only thing you need to be careful with is to register on the official site, and not get on a similar other site. To do this, use the button to go to the broker below.
To Expert Option sign up in the web version or application for a computer, go to the main page using the button above, then click on the "real account" button in the upper right corner of the page and fill in the required fields:
- Enter your email.
- Click "Open Account".
Ready. Now you have access to all menus and platform functions.
If you have an iOS or Android mobile device, you need to download the official mobile application from the App Store, GooglePlay or from the broker's official website by clicking on the button below. You can also register here. Just search for the app "ExpertOption - Mobile Trading" and download it to your smartphone.
The mobile version of the trading platform is similar to the web version or desktop application. Therefore, there will be no problems with trade and transfer of funds. To ExpertOption login, you can use the popular social networks Facebook, Google.
Expert Option Advantages and Disadvantages
So, a lot has been said about ExpertOption trading, let's summarize.
- the minimum deposit in the company is only $10;
- payouts can reach up to 95%;
- each client can use a demo account with virtual money for training to work out a trading strategy and gain experience. Demo account can be tried without registration;
- the minimum withdrawal amount is also $10 and withdrawal requests are processed within 2 days;
- many deposits and withdrawals methods;
- you can copy trading;
- no commissions;
- all quotes are transmitted by a reliable liquidity provider
- ExpertOption sign up is fast and free.
Disadvantages of the platform:
- the choice of options is not large, for many traders it is important to have a variety of contracts;
- company doesn't provide services to citizens and residents of USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, North Korea, Puerto Rico, Singapore, Iran and Yemen.
In addition to earning on the platform itself with the help of trading assets, you can literally become a partner of a broker. If you have not heard of affiliate programs, then you should take a closer look at this possibility. You can advertise the broker on your own platforms, blog, website, column, etc. At the same time, from each attracted client who uses your registration partners link or makes a certain turnover on the platform, you will receive a certain cash bonus (a fixed amount or a percentage of the turnover). Many earn good money from this, given that the broker is really worth it, it will be easy for you to advertise it. The broker will provide you with all the necessary visual tools: banners, videos, etc.
Alternatives to Expert Option
So ExpertOption review is over.On the Internet, you will certainly meet many brokers who offer attractive conditions, leverage,minimum deposits, demo accounts, auto trading, many technical tools on their platforms, etc. That being said, it is very important to choose a secure trading platform. We also advise you to pay attention to the following trusted brokers: Quotex, IQ Option, Binomo, Pocket Option, Olymp Trade.