ExpertOption Account Types

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ExpertOption Review

ExpertOption is a binary option trading platform that offers over 100 different financial assets to trade including currencies, stocks, commodities, and cryptocurrencies. Located in Port Vila, Vanuatu, ExpertOption is regulated by the Vanuatu Financial Services Commission with license number 15014.

This broker has been around since 2020 and has over 13 million accounts opened since that time. With over 100 account managers, ExpertOption is one of the most popular and well known ​binary options platforms available.

But the important question is can ExpertOption be trusted? Are they a reputable company or just another scam broker?

In this Expert Option review, I’ll cover everything you need to know about this broker.

​​Payouts:

Number of Assets:

​Regulation:

​​​​Company Name:

Web, Android, iPhone, Windows, MacOS

​Stocks, Commodities, Cryptocurrencies, & Forex

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​Credit Cards, Debit Cards, Cryptocurrency, WebMoney, Neteller, Skrill, QIWI, Fasapay, and More.

Countries Not Accepted:

​United States, Canada, Switzerland, New Zealand, Australia, Israel, European Economic Area, Japan, Sudan, and Puerto Rico

Table of Contents

Trading Platform

​Unlike other brokers that use turnkey ​platforms such as TechFinancials or SpotOption, ExpertOption developed its own custom ​platform to cater to the needs of their clients. Lightning fast execution, accurate price feeds, and weekend trading are all advantages of the ExpertOption platform.

Once inside the platform, the biggest focus will be the main graph in the middle, which shows the prices of your chosen asset in real-time. You can hover your mouse at any point in the graph to see the previous price at any point.

At the top-left corner of the screen, there is a drop-down menu where you can select an asset to view. You can search for an asset by name or browse by category such as Currencies, Crypto, Stocks, or Commodities. Once you select a financial instrument, you can choose between 1-5 minute expiry times.

A very useful feature of ​Expert Option ​is the ability to adjust your chart layouts. For example, you can split the chart layout so you can view two different markets at the same time.

ExpertOption has 8 different indicators that you can use including Moving Averages, RSI, MACDs, Bollinger Bands, Parabolic SAR, Alligator, Fractal, and Awesome Oscillator. Expert Option also has 4 different chart types you can choose from including Area, Line, Bars, and Candles.

Overall, ExpertOption has an excellent trading ​software that is easy enough for beginners while also offering enough features to please even the most experienced traders.

Assets

Expert Option offers a wide range of assets to trade including stocks, forex, commodities, and cryptocurrency.

Currency Pairs – ExpertOption has all the major ones including EUR/USD, AUD/CAD, EUR/GBP, USD/CHF, and USD/JPY. This broker even offers cryptocurrency pairs such as BTC/LTC.

Stocks – ExpertOption ​has plenty of stocks to trade including Apple, Google, Alibaba, Facebook, Tesla, Microsoft, Netflix, and many more.

Cryptocurrency – This broker allows you to trade most major crypto assets such as Bitcoin, Litecoin, Ethereum, Dash, Monero, Zcash, Riipple, and Tether.

Commodities – Currently, the only commodities that you can trade with ExpertOption is Gold and Silver.

​ExpertOption Account Types

​Expert Option offers ​six types of ​​accounts. ​Here’s an overview of each one.

Micro

The micro account offered by ExpertOption has a minimum deposit ​of just $10. However, the maximum trade ​is just $10 and you can only have 10 simultaneous trades at any given time. ​You will get access to educational materials, but ​not ​the daily market reviews ​or financial research.

Basic

The Expert Option basic account has a minimum ​investment of $50​ and a maximum trade limit of $25. ​You are only allowed 10 simultaneous trades at any time and you do get access to the education materials. If you start with a basic membership, you can always upgrade at a later time.

Silver

The ExpertOption silver account requires a $500 ​initial investment. In addition to the educational resources, you’ll also get access to the daily market reviews and financial research. ​You are allowed 15 trades at a time and a maximum trade limit of $250. ​

A gold account has a minimum deposit ​of $2,500. ​Gold comes with everything that Basic and Silver comes with, but with some additional perks. Gold members get priority withdrawal processing. You’ll also enjoy a 2% increase in profit​. The minimum deal amount for a gold member is $​1,000 and you can have up to 30 active trades at any time.

Platinum

​VIP traders are best suited for the Platinum account type at Expert Option. An initial deposit of $5,000 is required. You’ll enjoy everything that the Gold ​level comes with, but you’ll have no limitations in the number of trades you can execute at the same time. In addition, the maximum trade​ increases from $1,000 to $2,000 and your profit per trade increases by 4%.

Exclusive

It is not available for everyone, only those who are invited to have this account type​. Customers having Exclusive account type can enjoy increased profitability ratio of up to 6%, a ​personal account manager, and maximum deal of $5000. ​

​Demo Account

ExpertOption offers their clients a free demo account ​with $10,000 in virtual funds to practice with. This is a great way to sharpen your skills without risking real money. Unlike other binary option brokers, you don’t have to register ​in order to access the ​platform. You don’t have to give them an email address or any personal information.

With the​ ExpertOption demo, you can get a great feel for their trading ​interface to see if it’s what you’re looking for. You can practice executing trades, sharpen your trading strategies, and get a feel for how easy the ExpertOption ​software is to use.

​ExpertOption Apps

The ExpertOption platform is accessible via mobile and desktop ​apps. Their mobile app is available in iOS and Android and can be downloaded at the Google Play Store or Apple Store. The ​desktop app is compatible with Windows or Mac.

Alternatively, you can access the ExpertOption platform on the web without using any app. There is no software download required in order to ​start trading.

ExpertOption Bonus Offers & Promotions

Just recently, ExpertOption has began to offer 100% ​bonuses for first-time depositors. Most brokers offer these types of bonuses as incentives to attract new customers, and Expert Option is no different.

An important thing to note is that accepting a bonus from ExpertOption doesn’t affect your ability to withdraw funds from your account like it does with other brokers. If you choose to accept their bonus offer, you are eligible to withdraw your money at any time.

There are bonuses available for existing clients as well, but it’s less than the 100% ​match that first-time clients get.

​Accepted Countries and Languages​

ExpertOption does ​NOT accept clients from United States, Canada, European Economic Area, Switzerland, New Zealand, Israel, Singapore, Puerto Rico, North Korea, Yemen, Sudan, Bangladesh, Vanuatu, and Australia.

ExpertOption does accept traders from India, Philippines, South Africa, Nigeria, Kenya, Indonesia, Malaysia, Pakistan, Ghana, Zimbabwe, Bulgaria, Sri Lanka, Vietnam, Egypt, United Aram Emirates, Turkey, Brazil, Russia, and more. Most ​regions from Asia, Africa, and South America are accepted.

For your convenience, the Expert Option website and platform are available in 15 different languages including English, Chinese, Hindi, Korean, Thai, Vietnamese, Spanish, Arabic, Turkish, Bahasa (Malaysian), Bahasa (Indonesian), Portuguese, Tagalog, and Polish.

Related Content:

​Special Features

​Social Trading

Expert Option offers social trading, which is a way to trade ​with your friends or see what other successful traders are ​investing in. You can see which assets people are trading, the market movements they’re predicting, and how much profit they are making.

Technical ​Analysis Tools

ExpertOption has a variety of technical analysis tools for you to use including four different chart types, eight different indicators, as well as trend lines.

Training and Education

​This broker has a variety of online educational resources to help its traders learn the basic of ​digital options. These resources include video tutorials, online webinars, daily market analysis, and more.

​Deposits​

ExpertOption has a minimum deposit of just $10 on their Micro account. This account level is perfect for beginners that are just getting their feet wet in the world of binary option trading. Here are the ​lowest deposit amounts for the other account types:

To make a deposit with ExpertOption, follow these steps:

  1. Go to the finances tab
  2. Click the deposits tab
  3. Choose your ​payment method
  4. Select your currency
  5. Enter the amount you’d like to ​invest
  6. Click submit

ExpertOption offers many different payment methods including all major credit cards (including Visa and Mastercard), cryptocurrency, and most major e-wallets including UnionPay, WebMoney, Skrill, Neteller, Perfect Money, Yandex Money, Fasapay, and QIWI.

​Withdrawals

​To withdraw money, ExpertOption offers the same payment methods that are used for deposits such as credit cards, E-Wallets, cryptocurrency, etc. In order to withdraw funds from your account, it must be done using the same payment method as your ​opened your account with until you have withdrawn your initial ​investment amount. After that, you can choose a different ​payment method for the remainder of your funds if you choose to.

The minimum withdrawal amount for ExpertOption is $10 USD. ​Requests are typically processed in just 2 business days. As with most binary brokers, Expert Option does require you to provide identity verification before ​you can request money. This is a safeguard to prevent fraudulent activity on your account.

​This broker does not charge commissions or fees​ for processing payments. ​

Regulation & Security

Expert Option holds a certification concerning the compliance with all applicable laws in place by FMRC. It is fully regulated by Vanuatu Financial Services Commission – VFSC. Client’s funds are held with investment grade-A banks in segregated accounts. To protect the sensitive information of all stakeholders, the broker has HTTPS web protocols and SSL encryption in place.

Customer Support

​Here is their company contact information:

ExpertOption LTD.
Suite 305
Griffith Corporate Centre
Beachmont
P.O. Box 1510
Kingstown
Saint Vincent and the Grenadines

Is ExpertOption a Scam?

Expert Option is an FMRC authorized broker that holds a license from one of the world’s reputable regulatory body VFSC. It is definitely not a scam broker. ExpertOption allows everyone to start binary options trading by offering low-deposit accounts as well as high-class premium accounts. ​This company provides ​excellent customer support and offers a complete range of trading tools which are deemed necessary for purposeful trading.

The broker is also well known for its user-friendly trading ​software. The platform equips traders to take advantage of advanced analytical tools to make informed decisions. The security of clients’ funds and fast withdrawal procedure makes ExpertOption a prime choice of ​digital options traders.

Robert Wolfe is the founder and chief editor of Impact Investing Collaborative. Robert is an expert trader with over 10 years of experience trading binary options, Forex, and CFDs. He prides himself in providing accurate and in-depth reviews in order to help others find a trading platform that fits their needs. When Robert isn’t actively trading or managing Impact Investing Collaborative, he enjoys spending time with his 3 kids, playing golf, and spending time outdoors.

Welcome To Our Site!

My name is Robert Wolfe and I’m an online trader with over 7 years of experience trading financial instruments such as binary options, CFDs, forex, and stocks. I created this website to share my knowledge of the industry so you can avoid the same mistakes I’ve made.

ExpertOption Review 2020 | A Beginners Guide to Profitable Trading

What is ExpertOption ?

ExpertOption is a financial service provider that deals in global binary options trading.

Although a new entrant into the market, ExpertOption is blazing a trail with its wide array of impressive financial dealings.

When Was ExpertOption Founded?

ExpertOption was founded in 2020 by Expert Option Ltd. Unlike other brokers, ExpertOption has a tested and trusted platform that is built on fast, reliable and secured technology. This is not the usual practice in the industry.

Other brokers do not build or develop trading platforms by themselves, they outsource this function to a 3 rd party outlet.

Opening a trade in the ExpertOption platform requires predicting the binary outcome of a digital option instrument.

You will make profits when your prediction is right. Even if it is just by a small margin.

To improve your margin of profit though, you must have knowledge of how trading systems work.

Start Trading with a demo account. Register with your Email address, Facebook or Google.

How safe is it to trade on the ExpertOption platform?

This is one of the most common questions asked by investors when they are on the verge of choosing a broker.

Quite a number of investors have reservations making ExpertOption their preferred broker and the reason is not far fetched.

The company has its headquarters in St Vincent, a country not known for its strong involvement in business or international trade. It also has another office in India.

ExpertOption is duly regulated by the VFSC government financial commission where it holds the registration number 22863 IBC 2020.

They are also regulated by the Financial Market Relations Regulations Centre or FMRRC organization.

Expert Option Scam | Is it safe to trade with Expert Option?

It is safe to trade with ExpertOption in India and in all other countries – globally. Including Kenya, Nigeria, Pakistan, South Africa, Ghana…

Key Features in Expert Option.

  • Expert Option has easy to access educational materials which beginning, intermediate and advanced traders alike can use to learn how to trade.
  • You can use advanced technical tools in expert option to trade professionally. Other tools available on the platform include: – trend-lines, three chart types, and so many built-in indicators.
  • Expert Option has a social trading feature which allows traders to see and copy other advanced traders. Technically, social trading will help you make profits in Expert Option even if you don’t know what you are doing. Just copy others.
  • Trade on more than 100 instruments spread across 5 different assets: – including stocks, currencies, crypto and commodities.

Does ExpertOption operate in every country?

Expert option operates in almost all the countries globally.

Except in Switzerland, USA, Australia, Bangladesh, New Zealand, Canada, Sudan, North Korea, Puerto Rico, Israel, and several other European countries.

It does not operate in these countries because it does not have an express permission from the government to operate. Hence, the platform may not work for you.

How do I make a deposit into my ExpertOption account?

There are different ways to fund your ExpertOption account.

You can deposit money to your account using a credit or debit card.

Payments can also be done via Skrill , Neteller, Orangepay, and other electronic payment platforms.

How to Deposit Money to ExpertOption Via Visa/MasterCard.

  1. Login to your ExpertOption account. Or register for a new account if you don’t already have one.
  2. Click on the deposit button on the top right corner of your trading platform.
  3. Choose Visa/MasterCard as your preferred payment option.
  4. Enter the amount you wish to deposit.
  5. Check the terms and conditions box then click continue.
  6. Enter your VISA/MasterCard details then click pay to complete the transaction.

How to deposit Money to ExpertOption Via Skrill.

  1. Login to your ExpertOption Account. Or create a new account if you are not registered.
  2. Click on the finances tab on the left sidebar of your trading platform.
  3. Choose Skrill as your preferred payment option.
  4. Enter the amount you wish to deposit.
  5. Check the terms and conditions button and click continue.
  6. Login to your Skrill account to transfer the money.

How to Deposit Money to ExpertOption Via Perfect Money.

  1. Login to your ExpertOption account. Or create a new account if you are not registered.
  2. Click on the deposit tab on the top right corner of your trading platform.
  3. Choose Perfect Money as your preferred deposit option.
  4. Enter the amount you wish to deposit.
  5. Check the terms and conditions button and click continue.
  6. Click on the make payment button on the perfect money page.
  7. Enter your member ID and password.
  8. Type the Turing number then click on the preview payment button.
  9. Enter the pin sent to your email to complete the transaction.

Expert Option has 5 different trading accounts. Different deposit amounts activate different account types. The minimum deposit amount in Expert Option in $50.

How to Trade in ExpertOption.

  1. Login to your Trading account. Or create a new account if you are not registered.
  2. Chose an asset to trade as shown in the image below.
  3. Enter the amount to trade as shown in step two. The minimum trading amount in Expert Option is $1.
  4. Pick a direction for your trade by clicking either the green or the red button in step 3. Clicking the green button is a prediction that the value of the asset you are trading will increase in price.

On the other hand, clicking on the red button is an indication that the asset price will decrease in price.

your earnings will be credited into your trading account.

Which Trading Strategies can I use to Win More in ExpertOption?

Use the Martingale Trading Strategy.

With this strategy, you are required to invest a specific amount – like $10 and wait for the trade time to lapse.

If your forecast is incorrect, double your trading amount – example, if you traded with $10, you should now stake $20 and click on the green button.

If your forecast is incorrect again, try again – this time trade with $40.

Should you win on this, your return will be $72.4 covering all the money that you lost and leaving you with some profits.

Keep repeating this strategy to make profits.

How do I reach out to the Expert Option team?

ExpertOption has a responsive customer support team that’s available 24/7

Contact the platform through these contact details: –

Expert Option Vs IQ Option – What you need to know

Expert Option and IQ Option are two of the most popular online trading platforms. Since their launch, both have managed to attract millions of users from across the globe. But if you’re a new trader looking for the broker to invest with, which one would you choose?

This review will compare them side by side. In it, I’ll cover the most important features to look for when searching for an online broker. These include the following:

  • How long the broker has been operational
  • The regulatory body monitoring the broker’s activities
  • Active traders
  • Account types offered
  • Types of assets offered
  • Returns on trades (options)
  • Payment methods accepted
  • Deposits and withdrawals
  • Accessibility
  • Support
  • Additional features

Lets get started.

How long Expert Option and IQ Option have been operational

Expert Option launched in 2020. Expert Option has its offices in Saint Vincent and Grenadines. IQ Option on the other hand was launched in 2020 and has its offices located in Cyprus.

Regulators

Expert Option is regulated by Financial Markets Relations Regulation Center (FMRRC) in Russia. They’re also regulated by the Vanuatu Financial Services Commission.

IQ Option on the other hand is regulated by CySEC.

Active traders

Since their inception, Expert Option has managed to attract over 11 million active traders and has over $30 million worth of transactions conducted each month. IQ Option on the other hand has over 23 million traders and has over $380 million worth of transactions per month.

Both platforms have attracted traders from different regions across the globe. Their clients primarily come from Latin America, Asia, Eastern Europe, the Middle East and Africa. Note that both brokers do not offer their services to residents and citizens of North America, Australia, New Zealand and other countries.

IQ Option – visitors by country Expert Option – visitors by country

Account types

Expert Option has 5 different account types.

Their Basic account requires a minimum deposit of $50. With this account you can invest a maximum of $25 per trade and have a maximum of 10 open trades at a time.

The Silver account requires a minimum deposit of $500. With this account you can invest a maximum of $250 per trade and have a maximum of 15 open trades at a time. You’ll also get a personal manager as well as daily market reviews and financial research.

The Gold account requires a minimum deposit of $2500. With this account you can invest a maximum of $1000 per trade and have a maximum of 30 open trades at a time. You’ll also get a personal manager, daily market reviews and financial research, priority withdrawal and up to 2% extra on profitable trades.

The Platinum account requires a minimum deposit of $5000. With this account you can invest a maximum of $2000 per trade and have unlimited number open trades at a time. You’ll also get an account manager, daily market reviews and financial research, priority withdrawal and up to 4% extra on profitable trades.

The Exclusive account is invitation only. With this account you can invest a maximum of $5000 per trade and have unlimited number open trades at a time. You’ll also get a senior account manager, daily market reviews and financial research, priority withdrawal, access to strategies and up to 6% extra on profitable trades.

IQ Option on the other hand has 2 account types. The Standard account requires a minimum deposit of $10. Standard account holders get access to all financial instruments and can invest as little as $1 per trade.

There’s no limit to the maximum you can invest per trade. The IQ Option VIP account requires a minimum deposit of $1900 or at least $15000 trading volume over 3 months. The VIP account isn’t available for EU citizens. VIP account holders benefit from faster withdrawals, account managers and free trading eBooks.

Both platforms also offer demo accounts which come credited with $10000 virtual cash. The demo accounts can be recharged of the balance becomes depleted.

Types of assets offered

Both platforms offer hundreds of assets drawn from different classes. These include digital options, forex, stocks, commodities and cryptocurrencies. This diverse selection of financial instruments is perhaps the main reason for their growth in such a short time.

Returns on trades

Both platforms offer good returns. These range between 70% and 90% for Expert Option and 65% to 95% for IQ Option. Note that the return depends on the asset you’re trading as well as the time you’re trading.

Payment methods accepted

Both Expert Option and IQ Option accept over 20 different payment methods. These include credit/debit cards, eWallets such as Skrill and Neteller. IQ Option stands out however. They are continuously adding new payment methods. Recently, they added Jeton Wallet to their list.

Deposits and withdrawals

Depending on your deposit method, it might take a few minutes to several days for your deposit to reflect on your trading account. Depositing with an eWallet or debit/credit card is faster. Withdrawals are usually processed within hours or up to 5 business days depending on your account type.

Note that Gold, Platinum and Exclusive account holders for Expert Options and VIP account holders for IQ Option get priority withdrawals. These are processed within 24 hours.

Accessibility

Expert Option and IQ Option are accessible via web browser, desktop apps (Windows and MacOS) as well as smartphone apps (Android and iOS).

Support

Both platforms have excellent customer support. Their support team can be reached through phone, chat, email and even social media.

Additional features

Both platforms have well designed intuitive trading interfaces. Both support line, bar and candle charts. The IQ Option platform however supports more indicators and tools. It also has larger candle time intervals where Expert Option candle intervals are limited to 60 seconds.

Expert Option has a social trading feature. This allows you to interact with other traders on the platform. It also allows you to view other traders trade in real time. Their social network groups also come in handy for beginner traders. IQ Option on the other hand has a support and chats feature which allows you to interact with other traders on the platform.

Conclusion

Both platforms are great for both beginner and expert traders. IQ Option is a good choice for traders who want to start small as well as trade options. Expert Option on the other hand offers more trading accounts although their basic account requires a larger deposit.

Which of these two platforms have you traded on? Kindly share your experience in the comments section below.

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