Expert Option Review Is Expert Option App Scam Or Not

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ExpertOption Review 2020 – Is this broker Scam or Legit? See Expert Reviews!

This is our ExpertOption review based on our trading experience with this broker. Expert Option has gained a wide reputation in binary options since inception. However i did a background check to know if all was fine before going ahead, i opened a demo account first to try out the platform before doling out my money to start trading. Now very important, before trying out a broker you have to check whether they are regulated, this would enable you to know where to channel your reports and get a redress in case things go awry, this is very pertinent because there are many scam brokers hovering around to snatch off your hard earned money. ExpertOption was established in 2020, there address is at Saint Vincent and the Grenadines, 1510, Kingstown, Suite 305, Griffith Corporate Centre while being represented in the UK by Vested LP at United Kingdom, Scotland, EH3 6SW, Edinburgh, 5 St. Vincent Street, Office Suite 2. Registration number: SL21576.

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ExpertOption License and Regulation:

ExpertOption is regulated by the FMRRC(Financial Market Relations Regulation Center) with a licence code Certificate 0395 AA Vv0084 . In the FMRRC website are also listed the rules of filing a claim.

Platform

What i like about Expert Option platform is the user-friendability. The platform is easy to use and is loaded with good analytics to make trading easy. You could carry out multiple trades on the platform and they offer a huge list of assets to trade on ranging from currency pairs,commodities,stock and indices.The minimum deal you can trade is $1, also making it one of the best in the industry. They also offer good trading signals with terms like Strong Buy, Buy, Neutral, Strong Sell, Sell this to help you trade profitably, but from my experience don’t always trust the signals, however they could be right in most times so also do your own analysis to get the best results.They offer a free demo account with a virtual amount of $1000 to try with. their mobile trading platform is also available in IOS, Android,Windows

ExpertOptions Payment and Withdrawal method

There is a good list of payment and withdrawal method accepted by this broker, they are :Visa,Mastercard,Webmoney,Skrill,Neteller,Unionpay,Yandex money,Maestro,Qiwi wallet. The listed are the ExpertOption withdrawal methods as well as deposit methods, The minimum deposit with this broker is $10 which makes it one of the lowest in the industry and offers you availability to manage risk. Withdrawal requests are processed in 2 working days but it could be expedited based on your account type.

Account types

ExpertOption offers four(4) types of membership based on your minimum deposit, they are: (1) Mini: It could be open with $50, this type of account comes with a personal manager and bonuses of up to 50%, there is also weekly delivery of economic newsletter. this might be good for newbies in trading. If you want to get more bonuses and packages you can step up to the other plans (2) Silver: This comes with additional benefits like getting weekly economic analytics and bonuses of up to 80%, it could be opened with a minimum of $250 (3) Gold : Additional benefits are increased asset profitability, bonuses up to 100%, daily economic analytics and priority money withdrawal (4) VIP : In addition to what is obtainable in the Gold you also get up to 125% and individual trading analysis. The part i love most is that all account types have deal insurance , you can hardly find this in the industry, so this is an advantage for ExpertOptions traders.

Customer service:

They offer a strong customer support, you could reach them through live chats, phone calls or send an email to them. They respond immediately and are always ready to offer help.

Feel free to drop your trading experience with this broker in our comment box. I hope you find this Expert Option review helpful.

Expertoption Review

ExpertOption

Reason to avoid: Offshore License

Listed Date: September 7, 2020

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Beware Expertoption Review is a Non-Regulated broker. It is NOT SAFE to trade.

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ExpertOption claim to be the leader in the online trading industry through its offering to trade binary options with a trust of more than 8 000 000 clients at their background.

Is ExpertOption a scam or legit broker?

No, it is not safe to trade with a Forex broker ExpertOption as it is Non-regulated. ExpertOption company is authorized and regulated by the VFSC government financial commission and an approval to hold the activity with supervision by the FMRRC organization (Financial Market Relation Regulation Center).

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Nevertheless, the abovementioned regulations roughly deliver a strong base to perform a reliable operation for their licensors. The VFSC in a Vanuatu authority, which delivers access to perform services to offshore companies with slight requirements to follow. Therefore, it became an offshore zone for shady forex brokers such as RCM FX, EssenceFX and more. We have a detailed article explaining the risk of trading with brokers from Vanuatu.

In addition, there are negative reviews mostly about payouts one the trading amounts are increased. However, since the company is not registered in the EU it does not provide or target clients from the jurisdiction, therefore didn’t receive any official claims or warnings.

The markets, which are targeted by the broker includes those who mainly work with initially low deposits since the company limits deposit till maximum 3,000$. The potential clients include Russian ones, as the website also uses .ru domain, and the India region clients since the customer services also include Hindi speaking support.

Overall, it is advised to avoid trading with ExpertOption due to its unregulated services and the high-risk operation which targets numerous clients to their rows without a necessary level of protection or performance. Dealing with an offshore broker most often carries a significant chance to fall under the scam operation.

Therefore, it is better to choose among the brokers that are complied with the industry leading authorities and governmental entities that are backed with customer protection and the provision of the legitimate financial services. Hereby you can choose among the Regulated Forex Brokers.

You can also share your trading experience with ExpertOption by commenting on this review.

Expert Option

Компания Expert Option предлагает торговлю бинарными опционами. С 2020 года брокер дает возможность зарабатывать на предсказании цены. Деятельность фирмы контролируется финансовой комиссией Вануату (VFSC).

Чтобы совершать операции на рынке Expert Option предоставляет свою авторскую платформу, разработанную под компьютер, смартфон и веб-версию в браузере.

После регистрации личного кабинет необходимо выбрать тип торгового счета: micro, basic, silver, gold, platinum, exclusive. Минимальный депозит начинается с 10$ и повышается по мере улучшения типа счета.

Торговые условия Expert Option:

Обучающие материалы для трейдеров;

Максимальное количество открытых сделок одновременно 10 штук;

Обзоры, исследования, аналитика рынка;

Повышенная доходность на аккаунтах типа Gold и выше;

Минимальная ставка 1$;

Доходность до 95% со сделки;

Есть возможность работать на демонстрационном счете на виртуальные деньги;

Пополнение и вывод денег производится через 20 платежных систем: visa/mastercard, skrill, neteller, unionpay, yandex money, webmoney, qiwi, payweb, perfect money и другие. Комиссия за переводы не взимается. Выводить возможно от 10 долларов. Обработка заявки до 2х рабочих дней. Обязательно идентифицировать свою личность.

Вы можете заказать банковскую карту на имя компании. Для новичков есть подробное обучение с терминологией, глоссарием, видео-уроками. Есть возможность подключить социальный трейдинг и копировать сделки других трейдеров.

На страницах в социальных сетях администрация публикует новости, обновления и другую полезную информацию:

Отзывы об Expert Option вы можете прочитать ниже. Также у вас есть возможность написать свой комментарий о работе этой компании с ее плюсами и минусами по вашему мнению.

ExpertOption Review – is expertoption.com scam or good binary options broker?

Basic Information

Minimum deposit Min./ Max. bet size Payout % Platform Regulation
$1 / $1,000 Up to 87% Proprietary FMRRC

ExpertOption is a binary options broker, which is also launching an ICO. The Eo.Trade ecosystem, which they plan to create is covered in this post. This review, will focus on the current state of their existing offer. The conditions are basically as listed above and while this is one of the few company in the world of Binary options to offer a demo account, they also aren’t regulated with a very reputable agency. Read the full review to get the details.

Trading Accounts

Account Type Minimum Deposit Max. number of deals at the same time Increased profit percentage
Basic $50 10
Silver $500 15
Gold $2,500 30 Up to 2%
Platinum $5,000 No Limit Up to 4%
Exclusive Invitation only No Limit Up to 6%

The different account types at ExpertOption also provide non-trading benefits, such as an account manager, priority withdrawals and so on. The increases in payout percentages are rather marginal and only come for the big traders.

The Company. Security of Funds

Company Country Regulation
EXPERTOPTION LTD Saint Vincent and the Grenadines FMRRC

ExpertOption is owned and operated by EXPERTOPTION LTD, a company based in Saint Vincent and the Grenadines. Dealing with an offshore broker always carries some level of risk and the regulatory claims made by this one are very unusual. When it comes to regulation, the front page of their website states they are overseen by the Vanuatu Financial Services Commission (VFSC). The geography nerds among you are probably surprised to read this, as the distance between the two island groups is rather vast. That being said, a quick check in the VFSC register doesn’t confirm ExpertOption to be a registered entity. There may have been a technical issue with the system during our research or the firm may simply be new and the list not updated, but at they aren’t registered at the time of writing.

ExpertOption also claims to be registered with FMRRC, which isn’t exactly a watchdog. They are a non-profit organization, which imposes a certain code of conduct upon its members. Being part of such a group is better than nothing, but not the equivalent of real oversight – this isn’t a regulatory agency in the sense the UK’s FCA, or CySEC or even the VFSC are. All of these are government entities, backed by existing laws in their jurisdictions.

ExpertOption doesn’t provide its services to citizens and residents of USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico and Sudan. This drastically limits their potential client base, but the decision is most likely due to the regulatory status we described above.

Trading Conditions

Trading Options: Binary (Call/Put)

Assets: Currencies, Stocks, Cryptocurrencies, Commodities

Expiry Times: 1 min, 2 min

Minimum Initial Deposit

With a $50 deposit requirement, ExpertOption is among the companies accepting even the smallest of clients. Still, some companies go even lower, like the FCA-regulated forex and CFD broker IG, where there are no minimum barriers. Whatever you situation and experience may are, be sure to always only risk amounts you will be comfortable to loose.

The $1 minimum deal size is one of the best sides of ExpertOption’s offer. Allowing traders to enter into smaller options will help them manage their risk. This level is basically the industry standard, as provided by many brokers, like Grand Capital.

Payout percentages varied drastically, while we were testing the ExpertOption platform. The highest ones for EUR/USD were around 87% at time, while the lower level was around 73%. We didn’t find any particular reason for the fluctuations, while there was some market volatility.

Trading Platform

The platform offered by ExpertOption feels very solid. The interface is clean, and the charting is crisp. It is very reminiscent to the proprietary packaged provided by another company in the field, though distinctly different. Here is a preview:

When it comes to the analytical capabilities, the charts can be altered to some degree. Candlesticks and a few technical indicators are available, but still this isn’t close to some of the forex platforms, like MetaTrader4.

Trading at ExpertOption can be done through the browser, a mobile app or a standalone desktop application. The latter is very rare when it comes to binary options.

Methods of Payment

Expert Options offers clients a lot of ways to deposit funds. They are: Credit/Debit Cards, Skrill, Neteller, WebMoney, Quiwi, Yandex, China Union Pay, WeeChat, Ali Pay and others. As you can see, a big emphasis is placed on the Chinese solutions, which is quite understandable, given how the company doesn’t accept customers from a lot of western countries.

Conclusion

ExpertOption is a binary options provider, with an interesting regulatory situation. The company claims to be under the umbrella of the Vanuatu Financial Services Commission, but we weren’t able to confirm this. The trading environment which they offer seems relatively fine, but a lot of countries aren’t supported. Here are the pros and cons of ExpertOption:

Pros Cons
Relatively nice proprietary platform Unverified VFSC regulation
Decent average payout Only short term options
Demo accounts available Max number of options is limited
A lot of payment methods
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers 2020:
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  • Binomo
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    Good Broker For Experienced Traders!

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