Expert Option - binary options broker: full review, how to register and get verified, start trading and honest reviews about the broker
Expert Option - binary options broker: full review, how to register and get verified, start trading and honest reviews about the broker
ExpertOption is a binary options broker with 10 years of experience and was founded in 2014. Has in its arsenal more than 100 assets for trading. The application has repeatedly taken first place on the App Store and Google Play platforms in various countries as the best financial application, as well as the most downloaded application for binary options trading, with more than 100 million downloads. While everything looks very colorful, let's figure it out.
Contents:
- Registration with the binary options broker Expert Option - official website https://experotption.com
- Verifying your account with the Expert Option binary options broker
- How to fund your account with the Expert Option broker
- Replenish your balance with the Expert Option broker
- Withdrawal of funds from the binary options broker Expert Option
- Demo account with binary options broker Expert Option
- Trading platform of binary options broker Expert Option
- How to make money on Expert Option
- Types of accounts for earning money with the binary options broker Expert Option
- Applications and website of the binary options broker Expert Option
- Trading training from binary options broker Expert Option
- Affiliate program of the binary option broker Expert Option
- Technical support for binary options broker Expert Option
- Pros and cons of the Expert Option binary option broker
- Conclusions and reviews about the binary options broker Expert Option
And so, let's go in order, starting with registration:
Registration with a binary options broker Expert Option - official website https://experotption.com
To start registering, you need to go to the official website of the Expert Option broker - https://experotption.com
After going to the official website, click on the “Real account” button. In the pop-up window, enter your e-mail and password, as well as agree to the terms of use of the platform, and click “Open account”.
After registration you will be taken to the main page of the broker
Verifying your account with the Expert Option binary options broker
Verification with this broker is mandatory and is required at the first stage of registration to use a real account. The first action during verification is to top up your balance. The minimum deposit and withdrawal is US$10 or the equivalent in local currency. After top-up, you will need to provide a color photograph of your valid primary identification document (passport or national ID) containing a clear photograph, full name, date and place of birth, expiration date and issuing country. When topping up by card, you may additionally be asked to provide a card statement to verify your credit/debit card.
If for any reason your account cannot be verified, the funds you deposited will be fully refunded to your original payment method. I recommend not using third-party (not in your name) wallets or cards to make a deposit. In cases where third party payment accounts are used to make a deposit, the broker may require additional verification procedures, which will take time.
How to fund your account and withdraw profits from the Expert Option broker
The Expert Option broker allows you to try out its trading platform on an unlimited demo account, but to make money you will need to top up your trading account - make at least one deposit.Replenish your balance with the Expert Option broker
To replenish the balance of your account, you need to go to the “Finance” section and select a replenishment method convenient for you, more than 20 methods are available in total and they are displayed depending on the country of residence, among them:
- Bank card Maestro/MasterCard/VISA/UnionPay and others
- Transfer of cryptocurrency USDT, Bitcoin, Ethereum and others
- Electronic wallet Perfect Money/Yandex Money/WeChat/Orangepay/Binance Pay/Neteller/Skrill/WebMoney and others
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Above is an example of top-up methods for residents of Turkey
Please note thatwhen you replenish your balance in the first 60 minutes after registration, you will have access to a bonus in the amount of 100% of the replenished deposit. This is undoubtedly a plus, but there are certain conditions. When receiving a bonus and further withdrawing funds, you need to make transactions with a total amount of x50 of the received bonus. Example, if you receive a bonus of $1000, then your turnover on the platform should be $50,000 and only after that you will be able to withdraw funds. The bonus may not be received or may be deactivated after receipt.
Therefore, I recommend using the bonus only if you are a trader with experience in binary options trading, then gaining the necessary turnover will not be difficult.
After 60 minutes, the registration field when replenishing the balance at the Expert Option broker is also available for a bonus, but its size will be significantly lower. Up to $250 the bonus is 20%, more than 250% will be 30%. To refuse to receive a bonus, when replenishing, you must click on the circle with the bonus (highlighted in red).
Withdrawing funds from the binary options broker Expert Option
Withdrawal of your winnings can be made to the same payment systems as when depositing. Money is withdrawn almost instantly and there are no delays. Since the exchange is officially regulated, your funds are insured for $20,000 in case of disputes with the broker.
Demo account with binary options broker Expert Option
Binary options broker Expert Option has a $10,000 demo account available. On it you can practice and test your trading strategies without the risk of losing real money. This is especially necessary for novice traders or users who have not previously traded with Expert Option; while using a demo account, you can get used to the interface and check all the capabilities of the platform.
To switch to a demo account, click on “Real balance” and select “DEMO”
Trading platform of binary options broker Expert Option
The trading platform of the Expert Option broker is certified and regulated by the Financial Commission, which means it is legal and transparent, all actions of the platform in relation to traders are regulated - this means security for you and your deposit.
Binary options broker Expert Option provides trading in various instruments, including:
- Currency pairs – 24 assets
- Indices – 9 assets
- Shares – 28 assets
- Products – 8 assets
- ETF – 16 assets
The site is translated and available in 17 languages, and the platform itself is very flexible and convenient. The chart style can be changed and selected as: areas (shaded part), lines, candles (the most popular type of chart), bars.
To analyze charts and create your own trading strategy, you can use additional indicators, such as: alligator, Awesome oscillator, Bollinger bands, Fractal, MACD, Moving average, Parabolic SAR, RSI.
How to make money on Expert Option
A trader's earnings from a binary options broker, Expert Option is no exception, depends only on your skills and abilities to analyze the market and stick to a trading strategy. Binary options are a high-risk income option, don't forget.
The Expert Option broker gives you the opportunity to earn money both on the fall and growth of assets in a selected period of time. The minimum bet size is $1. You choose the time yourself, there are options for quick transactions of 1-5 minutes, as well as long-term ones up to 8 hours. If the forecast about the price movement is correct, the broker pays you from 40% to 96% of the bet amount - this is your winnings. % depends on the selected asset and account type (more on this below). The highest percentage is for currencies, ETFs and stocks.
Example: You choose an asset with a possible return of 85%. If you place a bet of $100 and win, you will receive $185 in your account. The net winnings will be $85.
- Select an asset
- Select the time period for which the deal will be concluded
- Indicate the size of the investment
- Trade direction – up or down
For those who do not want or cannot spend time analyzing and trading according to their strategy, the platform provides access to social trading - copying transactions of successful traders.
Types of accounts for making money with the binary options broker Expert Option
Depending on the size of your deposit, you are assigned an account type. The larger the deposit, the more profitable trading with the broker is - your ability to open a larger number of transactions at the same time increases, and the size of the maximum transaction increases. With a deposit of $2,500 or more, you receive priority withdrawal of funds and increased return on assets. See details below.
Applications and website of the binary options broker Expert Option
Binary options broker Expert Option has developed some pretty good apps and a website for hassle-free trading. No lags, delays or inaccuracies were noticed among traders. Trading on the broker's platform is available on various devices using:
- Web versions of the official website https://experotption.com
- Mobile application for iOS and Android
- Application on a computer
The user has access to trading from virtually any device
Trading training from binary options broker Expert Option
Binary options broker Expert Option has compiled a free knowledge base on trading. In this section you will find not only ready-made, working strategies, but also information on how to become a successful trader mentally.
Affiliate program of the binary option broker Expert Option
The Expert Option broker, in addition to earning money from trading assets, provides the opportunity to receive passive income. An affiliate program is a source of passive income from attracted users through your personal link to this exchange. How it works? You register in the affiliate program and are assigned a unique referral code (link). If you run your own blog, page on any social network, and you invite new users through your link to the Expert Option broker, then for each new user you will receive income. Attracted clients will also receive an increased bonus amount up to 120% instead of 100%.
You will find the referral link in the main menu of the platform in the “Become a Partner” tab
Official website of the binary options broker https://experotption.com
Technical support for binary options broker Expert Option
Technical support is provided 24/7 via chat on the platform and e-mail. Since the broker operates in more than 50 countries and the website is translated into 17 languages, specialists are selected depending on your region of residence and you can often contact support in your native language. I personally contacted him several times, all times I received a response within a couple of minutes. With a Silver account (balance from $500), you have access to a personal manager.
Pros and cons of the Expert Option binary options broker
It's time to talk about the pros and cons of the Expert Option binary options broker. Let's start with the pros:
- Available in different languages
- Minimum deposit from $10
- Instant withdrawal
- Translation and platform support into more than 15 languages
- Customizable trading platform
- Availability of social trading
- Trading indicators
Cons:
- Does not work in some countries
Conclusions and reviews about the binary options broker Expert Option
After a detailed analysis and long-term trading with the Expert Option broker, we can draw conclusions. Both experienced traders and beginners note the speed of the platform, accessibility on all devices and gadgets, variety of assets, as well as the broker’s high profitability. We should also praise Expert Option for its security and license. Ease of use allows you to focus on trading itself, rather than being distracted by searching for the right tools. The only downside I can mention is its unavailability in some countries.
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