Is ExpertOption a Scam?
Although, we can discuss the various pros and cons of this trading platform, we cannot call ExpertOption a scam trader. It is registered with Financial Market Relations Regulation Center FMRCC under the license number 0395 AA Vv0084. It is also registered with Vanuatu Financial Services Commission (VFSC). Considering its registration certificates and its past client’s feedback, we believe it to be a legit broker.
The majority of its previous clients have left strong feedback on social forums. Traders seem satisfied with their trading software and withdrawal system. We didn’t find any major complaint about their platform and withdrawal system.
Trading Platform, Tools and Features
Unlike brokers who are using others services, ExpertOption has developed their own trading platform. Their proprietary trading platform is user-friendly and easy to use. Its uncomplicated interface and layout is making it the right place for both new traders and advanced investors. It’s not only simple to use, but they have also been providing the best trading tools and features to traders, which helps traders in making technical analysis of any trade.
The firm offers free demo account to all traders. The demo account has a very strong importance in the brokerage industry, as this allows investors to study the trading platform before investing the real money. Moreover, the continuous stream of trading signals and trading alerts are among the best features of this platform.
Their trading signals are covering all their asset classes. Signals are important in binary options trading, particularly for new traders. This platform shows signals in a different way for each asset class, and signals are either Buy, Strong Buy, Neutral, and Sell & Strong Sell.
ExpertOption’s asset portfolio is consisting of more than 100 assets, including stocks, commodities, indices and currency pairs. Although other brokers are offering several options types to traders such as touch/no-touch options and ladder options, but ExpertOption’s trading platform tries to expand traders experience with only classic options, working around the conventional high/low and 60 sec options. They claim to offer payout in the range of 95%, which is significantly high compared to the industry average of 85%.
Lower minimum deposit requirement and the minimum investment per trade has also been the major reason behind the popularity of this trading platform. The firm requires the minimum deposit of $50 and traders can trade as low as $1 on this platform. Social trading is also the enticing feature of this platform. Social trading has been getting popularity, as this allows traders to collaborate with other traders and combine trading strategies.
The firm offers four different types of accounts to choose from. Each account has different deposit requirement and perks for traders.
The minimum deposit requirement for the basic account is %50. The basic account holders are eligible to get 50% bonus on initial deposit along with one personal training session and a weekly economic newsletter.
The majority of new clients like to open the Silver account, which has the minimum deposit requirement of $500. The firm offers higher perks to silver account holders. These perks include 80% bonus on initial deposit, a personal manager, a weekly economic analysis along with two personal training sessions.
ExpertOption has set the minimum deposit requirement of $2500 for Gold Account. This account is developed for professional traders who have strong knowledge of binary options. Perks for this account include a personal account manager, 4 personal training sessions, a 100% bonus and a daily economic analysis. Moreover, the gold account holder is entitled to get instant withdrawals.
This account is offered to investors who have high trading volume. The minimum deposit requirement for this account is $5000. The VIP account holder is eligible to get 125% bonus on initial deposit along with a VIP personal account manager, an individual educational plan and daily economic analysis.
Bonuses, Deposits and Withdrawals
ExpertOption offers higher bonuses to investors according to their deposits and account types. On the other hand, traders can use several popular methods to deposit funds into the trading account. The firm keeps traders funds in a separate trust account. Traders can use Credit Card, Debit V=Card, Skrill, Neteller and other popular methods to fund their account. The withdrawal process is also simple and safe. Gold and Platinum account holders are eligible to get their money within a day, while it will take 3 to 5 business day for the Basic and Silver account holder.
ExpertOption looks like a solid broker for both beginners and advanced traders. It is a registered broker and it has received a strong feedback from previous clients. The firm has a large client base, due to its innovative trading platform. They offer four different chat types to investors to create technical analysis as well as eight indicators and trend lines. ExpertOption’s demo account and higher bonuses are also enhancing trader’s confidence on this platform. Overall, this broker is legit and traders can safely trade on this platform.