Everything you need to known about Expert Option: Full Review for Beginners
By: Moses Davis - May 30, 2020
ExpertOption is a online based trading platform founded on a vision to create 100% transparent digital trading experience for their clients. They have been trusted by over 42 million traders and commenced operations in 2014 under EO Services Ltd, S.I.P. Building, P.O. Box 3010, Rue Pasteur, Port Vila, Vanuatu. The broker facilitates over 30 million transactions monthly.
Which assets are offered by ExpertOption?
ExpertOption trading platform
ExpertOption has developed a custom made platform which other than being easy to navigate and use eliminates latency by providing fast execution of trades and accurate feed prices. The platform is available on desktop, mobile and on web browsers. The platform is available on desktop apps, mobile and on web-based browsers. The desktop app which is convenient for native user experience with customizable analytical tools is available for both Windows and MacOS. The mobile apps are featured as top Finance App in 47 countries according to App Store and Google Play ranking with over 10 million installs. The Web-based platform is compatible with all browsers and is just a one click to start trading.
How to deposits and make withdrawals on ExpertOption
Making a deposit and withdrawals on ExpertOption is simple and straight forward. Deposits starts from as low as $10. ExpertOption has made it easy for traders to fund and withdraw from their accounts with a wide variety of methods. They include:
Indicators on ExpertOption
ExpertOption boasts of a wide range of Technical indicators. These Indicators are used to forecast price changes on the market. They are calculations which take the volume and price of a certain financial instrument into account. By using them, traders can make decisions about market entry and exit. Some of the most popular indicators on ExpertOption include; MACD indicator, EMA (Exponential Moving Average), Stochastic, RSI (relative strength index), Bollinger Bands, Sentiment, Ichimoku Cloud, Parabolic SAR, ZigZag, Alligator, WMA (Weighted Moving Average), Average Directional Index and SMA (Simple Moving Average.
Is ExpertOption regulated?
ExpertOption is licensed and regulated by the Vanuatu Financial Services Commission (VFSC). This means it is safe to trade with the broker.
Account types offered by ExpertOption
ExpertOption offers six types of accounts depending on individual trader's needs. Their features are as follows;
Training and Education
Expert Option offers a wide range of educational materials to ensure that traders are equipped with enough knowledge to help them become successful on their trading journey.
On the Trading strategies section strategies taught include Engulfing Candlestick strategy, Squat Candlestick strategy, Tweezers strategy, Three Methods strategy, Breakout strategy, Reversal strategy, Moving Average strategy, Bollinger Band strategy and Alligator Trading Strategy.
The Psychology of trading section covers topics on Individual trading psychology. Psychology of traders, Psychology of trading and Successful trading.
On the Fundamental analysis section topics like Basic-Fundamental Indexes and Fundamental analysis are well explained.
On the Graphical analysis section education on Trend Continuation Patterns, Candlestick analysis, Graphical analysis, Trend Reversal Patterns, Fibonacci Retracements and Elliot Waves are covered.
On the Technical Analysis section education on Moving Averages, Bollinger Bands, Alligator, Technical analysis, Trend, support and resistance lines is provided.
Under the how to get started section the broker provides detailed videos covering topics on Deposit methods, Social trading, Assets, Tutorials, Platform toolbar, Graph types and How to trade.
Daily Market Overview report
The broker provides Daily markets overview reports which can be accessed at the Analytics section on the trading platform. This daily reports come in handy to the trader as they provide an overview of different assets movements in the last 24 hours.
Social trading and trading signals
Social trading designed to create an open space between traders where one can all view each other's activity in real time by watching deals, trading volume, profits and losses of an asset By viewing this information a trader is able to get a better idea about the current state of the market which helps one to make better buy and sell decisions.
Social trading can be accessed from the 'Social trading' icon on the toolbar. Ultimately Social trading function are trading signals as you can be able to open a trade using someone's else analysis.
Getting a bonus on ExpertOption
ExpertOption offers an excellent bonus of 100% on deposits made. However traders must act fast to take advantage of this 100% bonus by making a deposit as it is only available for the first one hour after account creation. If traders are not able to claim the bonus within the one hour window they can still claim a 20% bonus later.
ExpertOption has an outstanding customer support team that is ready to respond to traders queries in the minimum time possible. The support can be contacted via Livechat, Email or Phone. Phone support is available in both English and Hindi and can be reached via these contacts;
English Phone Number: +44 20 3868 3160
Hindi Phone Number: 0008 004 430 002
ExpertOption platform supports 15+ languages to ensure that traders can trade in their native language. They include; English, Hindi, Vietnamese, Portuguese, Polish, Tagalog, Bahasa, Turkish, Korean, Thai, Arabic, Chinese and Spanish.
Is ExpertOption available in my country
ExpertOption accepts traders from these countries
ExpertOption accepts traders from these countries; Afghanistan, Albania, Algeria, Andorra, Angola, Antigua and Barbuda, Argentina, Armenia, Azerbaijan, The Bahamas, Bahrain, Barbados, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Central African Republic, Chad, Chile, China, Colombia, Comoros, Democratic Republic of the Congo, Republic of the Congo, Costa Rica, Côte d’Ivoire, Croatia, Cuba, Djibouti, Dominica, Dominican Republic, East Timor (Timor-Leste) Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Fiji, Gabon, The Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, India, Iran, Iraq, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, South Korea, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Lesotho, Liberia, Libya, Madagascar, Malawi, Malaysia, Maldives, Mali, Marshall Islands, Mauritania, Mauritius, Mexico, Federated States of Micronesia, Moldova, Monaco, Mongolia, Montenegro, Morocco, Mozambique, Myanmar (Burma), Namibia, Nauru, Nepal, Nicaragua, Niger, Nigeria, North Macedonia, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Qatar, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Solomon Islands, Somalia, South Africa, Sri Lanka, South Sudan, Suriname, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Tuvalu, Uganda, Ukraine, United Arab Emirates, Uruguay, Uzbekistan, Vatican City, Venezuela, Vietnam, Zambia and Zimbabwe.
ExpertOption does not accept traders from these countries
ExpertOption does not provide services to citizens and residents of United States, Canada, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, North Korea, Switzerland, Israel, Sudan, Australia, Puerto Rico, Singapore, Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Ireland, Latvia, Liechtenstein, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom,
Bangladesh, Vanuatu, Indonesia, Yemen and New Zealand.
Is ExpertOption a scam or safe?
ExpertOption is not a scam but a safe broker. The broker is is licensed and regulated by the Vanuatu Financial Services Commission (VFSC). This means it is safe to trade with the broker who is trusted by over 42 million traders and has a good reputation for processing withdrawals fast.