This is quite a new online broker on the trading market. It has been operating in more than one hundred and fifty countries around the world since the year 2014. Today, about 87 million people have their accounts on the platform. In this Expert Option review, we will present the key features of the broker and tell you whether it is a legitimate or a scam trading platform.
This is an online platform for trading financial assets. The company has already won the trust of a considerable number of traders as it offers favorable trading conditions which allow them to receive high income. What is more, Expert Option is also a great platform for those people who want to start trading because it offers many educational materials such as tutorials and webinars that will help them to master this sphere.
As far as the main features of this trading platform are considered, there are quite a few of them that we assembled below.
Verification of user data is a required procedure due to the KYC (Know Your Customer) policy, as well as international anti-money laundering regulations. The main criteria of verification of the Expert Option account are the confirmation of the identity, residential address and email address. Every trader should complete this procedure because otherwise, he will not be able to withdraw money from the account later.
Therefore, first of all, after completing registration, users will receive a confirmation email containing a link that they need to click on to verify their email address. Then, they should provide a scan or a color photo of a valid ID card or a driver’s license on which all the personal data are available. What is more, traders will also be asked to confirm the deposit method with a photo of a bank card that contains the digits, the full name and the expiration date.
Expert Option proposes a welcome bonus of up to 100% for the first replenishment. The size of the bonus is determined individually depending on the amount of replenishment. The minimum amount of money that is required for replenishment is 30$. Bonus funds can only be used for trading and they are not subject to withdrawal. After the required volume of transactions is reached, according to the terms of the bonus, all the earned money can be withdrawn then. The broker may introduce some changes to the bonus policy from time to time and that is why it is crucial to study all the requirements carefully.
Expert Option broker proposes diverse options for replenishments and cashouts. Traders may choose such deposit options as credit or debit cards, WebMoney, Neteller, QIWI, Skrill, UnionPay, etc. The minimum amount of the replenishment is contingent upon the type of account. For Micro account it is 10$, for Basic – 50$, for Silver – 500$, for Gold – 2500$, for Platinum – 5000$ and for Exclusive type of account there are individual limits established by the broker. When it comes to withdrawals, there are over twenty options proposed by ExpertOption. These are Visa, MasterCard, cryptocurrency, PM, Yandex Money, etc. The payouts on the trading platform may reach even 95% The minimum size of cashout is 10$.
The time that is required for transactions to be processed depends on the type of account and a chosen banking system. Usually, it takes from several hours up to 2 days to complete a payout. However, the owners of Gold, Platinum and Exclusive accounts may perform this operation in privileged conditions.
There are no fees for withdrawals funds on the Expert Option platform. The company does not impose any restrictions on the movement of traders’ funds because what matters for the broker is the convenience and user experience.
Owing to the fact that the trading platform is owned by the officially registered company EOLabc LLC with its address in St. Vincent and the Grenadines, the broker may be considered absolutely legitimate.
Expert Option owns an official license from the official authority VFSC which means that the activity of the company is being carefully supervised by this institution. What is more, the trading platform takes care of the security of the users as it has the necessary encryption certificates that guarantee the protection of all private data.
If you are not sure whether this trading platform is worth joining, then here we gathered both benefits and drawbacks that will help you to make your decision.
What is also worth mentioning in this Expert Option review is the presence of a special mobile application which allows traders to manage their finances on their mobile phones. The app is compatible with popular operating systems such as iOS and Android. The mobile version of the platform looks very much the same as its desktop version and allows users to access all the main features of the broker. Traders may download the mobile app either from the main website or from the official stores – Google Play and App Store.
ExpertOption trading platform has grown quite rapidly over a few years of its existence. It offers a high payout percentage which is 95%, a great choice of tools for technical analysis, several account types, multiple methods for payments and high-quality materials for self-education. All the aforementioned benefits make this platform a great place for trading. In this Expert Option review, we presented all the particulars of the broker such as the kinds of accounts, replenishment and payout limits, the processing time of transactions and the bonus policy. So, if you want to start trading safely, then this broker will be an appropriate place for that!
Does an Expert Option Has Charge Commission?
No, the broker does not impose any fees on transactions.
How To Verify An Account In Expert Option?
You should provide scans or quality photos of documents that confirm your identity such as passport, ID card or driver’s license.
What Are The Advantages Of Expert Option Trading Platform?
The benefits of Expert Option are functionality, security, low size of minimum deposit, no commissions for financial operation and an effective client care team.Add question