With its head office in Kingstown, Saint Vincent and the Grenadines, ExpertOption is a global trading platform that states it is built on the core values of clients’ satisfaction, reliability, simplicity, and speed. They provide traders with a proprietary trading platform for trading over 100 financial assets, including stocks, commodities, cryptocurrencies, and forex. There are multiple trading account options to choose from but the broker is not regulated.
ExpertOption Review, Pros & Cons
- Proprietary trading platform
- Educational materials & trading tools
- Multiple financial instruments
- Unregulated brokerage firm
- No MetaTrader platforms
- Many countries not accepted, including USA, Canada & those in the EU
In this detailed ExpertOption review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Since its launch in 2014, ExpertOption broker has offered an array of innovative trading and investment tools as well as a dedicated customer support team to assist traders. Traders get to trade multiple financial markets using the broker’s trading platform, which is available in desktop, web, and mobile versions. The broker requires a minimum deposit of $10 to start trading. In 2017, ExpertOption bagged the “Best Trading Platform” award at the China Trading Expo in Shenzhen.
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
EXpertOption does not provide services to citizens and residents of the USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, North Korea, Puerto Rico, Singapore, Bangladesh, Indonesia, Russia, Iran, and Yemen.
Some ExpertOption features and products mentioned within this ExpertOption review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with a proprietary trading platform. It is an intuitive trading platform that offers lightning-fast execution, accurate price feeds, and weekend trading services. The platform has 8 different indicators, including Moving Averages, RSI, MACDs, Bollinger Bands, Parabolic SAR, Alligator, Fractal, and Awesome Oscillator. Other essential features of the ExpertOption trading platform include the following:
- Technical analysis tools: 4 chart types, 8 indicators, trend lines
- Social trading: watch deals across the globe or trade with your friends
- Over 100 assets including popular stocks like Apple, Facebook, and McDonald’s
The ExpertOption trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is designed for mobile apps running on android and iOS.
ExpertOption Trading Tools
There are various technical, graphical, and fundamental analysis tools to enhance clients’ trading experience.
The broker’s website is replete with several educational resources that are designed to help traders make informed trading decisions. They include glossaries, training courses on the psychology of trading, webinars, video tutorials, and an FAQ section that answers some of the common questions that traders may have.
The broker offers the following trading instruments: stocks, forex, commodities, cryptocurrencies, and more.
ExpertOption Accounts & Fees
Expert offers six trading account options: Micro, Basic, Silver, Gold, Platinum, and Exclusive Accounts. The minimum deposit required to start trading is $10.
As broker fees can vary and change, there may be additional fees that are not listed in this ExpertOption review. It is imperative to ensure that you check and understand all of the latest information before you open an ExpertOption broker account for online trading.
The broker’s customer support team is available 24/7 to respond to clients’ trading inquiries via telephone, email, Live Chat, and social media.
ExpertOption Deposit & Withdrawal
The following payment methods are accepted at ExpertOption for both account deposits and withdrawals: bank transfers, credit/debit cards, and online payment processors.
ExpertOption Account Opening
To open an account, click on the “Real Account’ button at the top right corner of the broker’s website and fill in the account opening form as requested.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Based in Kingstown, Saint Vincent and the Grenadines, ExpertOption is an online trading broker that allows traders to buy and sell various financial markets via an intuitive trading platform. Traders get access to learning materials, trading tools, and a responsive client support team. There are multiple trading account options to choose from with a minimum deposit of $10. There is no regulatory information on the broker’s website at the moment.
Trading and investing involves a significant level of risk and is not suitable and/or appropriate for all clients. Please make sure you carefully consider your investment objectives, level of experience, and risk appetite before buying or selling. Buying or selling entails financial risks and could result in a partial or complete loss of your funds, therefore, you should not invest funds you cannot afford to lose. You should be aware of and fully understand all the risks associated with trading and investing, and seek advice from an independent financial advisor if you have any doubts.