What Traders Think About ExpertOption
Established in 2015, ExpertOption are a relative newcomer when it comes to binary options brokers. Located in St Vincent and the Grenadines, ExpertOption is available in numerous languages and almost all countries, including Singapore, Australia, the UKand most other European countries. In this article we take a look at just what ExpertOption has to offer. Let’s begin.
ExpertOption’s Strengths:
With four Account Types available, earning them an impressive 5.0 stars within this category, investors can choose from the Mini Account which requires a $50 deposit, Silver Account, Gold Account and VIP Account, which requires a $2,500 deposit. Minimum trade starts at $1, making ExpertOption great for beginners.
ExpertOption’s Trade Types and Payouts received 4.6 stars, offering more than 50 assets, with currency pairs, Forex pairs, oil, gold and stocks all available. Expiry times range from the extreme 60 seconds option, to the more lengthy 15 minutes, suitable for those requiring greater flexibility. ExpertOption also claim to offer larger payouts than many other brokers, with up to 95% profits being rewarded.
Awarded with 5.0 stars for their Bonuses and Promotions, which are offered on a sliding scale based on account types. A Mini Account has up to a 50% bonus available, with 80% for a Silver Account, 100% for Gold and 125% for VIP Accounts.
ExpertOption’s ease of use is noted within the Deposits and Withdrawals section of the review (4.7 stars). Deposits are fast and easy, with credit and debit cards accepted, alongside alternate payment methods Neteller and Skrill. After the $50 required to open a Mini Account, just a $10 minimum deposit is required henceforth. Gold and VIP Account holders are treated to priority withdrawals and all withdrawals are commission free, via the same methods as deposits.
A useful and extensive education centre, spanning topics from jargon to trading strategies, coupled with a $10,000 demo account earns ExpertOption 4.6 stars for Special Features, whilst Customer Support is awarded 4.9 stars for the five different contact options and languages: English, Russian, Hindi, Chinese and Thai, each with a phone number and email address.
ExpertOption’s Weaknesses:
Despite the largely positive review, traders do note some less impressive aspects of ExpertOption. Whilst the broker claims to offer a quick turnaround for withdrawals, they do not state an exact timescale and some trader’s experiences have been less than quick, with the expected withdrawal period being 3-5 days.
ExpertOption offer an app for both iOS and Android devices, alongside a mobile site. However, despite the good rating for its Mobile Trading capabilities, it is noted that the mobile site is not fully responsive, with certain aspects requiring users to pinch and squeeze the screen. Equally, whilst ExpertOption’s English helpline is available 24/7, helplines in other languages are only available at specific times Monday-Friday.
Overall:
With its almost worldwide accessibility and numerous languages supported, from Arabic to Vietnamese,if you’re outside the EU, ExpertOption is top dog. The four different account packages offered by ExpertOption and availability ofover 50 assets highlights the broker’s ability to meet the needs of both newer and more experienced traders alike.