What is Expert Option?
Beginners should always take the process of choosing a broker seriously. Since both the general impression of the industry and the amount of earnings and the success of the investor as a whole depend on this. If a trader starts cooperation with an unscrupulous company, he will lose time and money. In this article, we will make an Expert Option review. This broker started providing their services since 2014 all over the world. Today it is in 48 countries. The broker's platform and website are translated into 14 languages.
The company offers the most comfortable working conditions for both beginners with minimum deposits of $10 and professional traders with impressive capital.
Expert Option trading
Expert Option trading platform is in high demand among clients. The mobile app for Android devices alone has been downloaded more than 10 million times. As a testament to the quality of its services, Expert Option has received numerous industry awards from reputable institutions. Among other things, he was an award winner for “Best Trading Platform” at the prestigious China Trading Expo, Shenzhen 2017. What conditions attract traders and features of the platform are further in the article.
Trading on the platform is carried out using binary options. Surely you know about this tool, but nevertheless we will describe it briefly. This is a digital contract, the subject of which is a forecast of the direction of the price of an asset in a selected period of time. You can earn up to 95% of the value of the trade. The deal starts from $1.
How to work on binary options? The task is to correctly determine one of two possible scenarios for the development of the market situation: whether the asset will rise or fall. The term of the contract is limited by the time of its expiration (closing, expiration). To date, there is a wide selection of online options for currencies, securities and goods. Anything can be useful in such a procedure, even the weather forecast.
However, the simplicity of this tool should not let you down. A trader should always take online trading seriously. If someone thinks that you can get rich in 1 day on binary options, this is not so. Binary options allow you to earn money, but do not believe Internet scammers that you will become a millionaire overnight. The truth is that if you invest carefully, have a proven strategy, and manage your capital skillfully, you will most likely be able to receive 50-100% of your total investment annually. And this will be a good result.
As you understand, a binary option is a derivative instrument. You choose an asset and make a prediction. If the forecast turns out to be correct, you make a profit. With over 40 assets on the platform, you can choose among the following categories:
- Stocks and Indices
- Currency pairs
At the same time, you can open 2 assets side by side and make transactions on them in parallel on one working screen.
Among the advantages of Expert Option, it is worth noting the chic website design. The color palette, the location of the elements on the service - everything is very accessible. Therefore, there should not be any difficulties with finding the information you need, divided into questions about how to use the platform.
The software is very easy to use, with a simple layout and interface, making it suitable for both novice and experienced traders. The software also includes features that allow you to perform several technical tasks that help improve profits and, at the same time, complete transactions quickly.
- The right side toolbar of the ExpertOption trading platform allows you to see the trader's previous trades, view current trends for the most popular assets, and also get acquainted with the results of the best speculators working through this company.
- The left sidebar provides an opportunity to switch to various modes, among which the most important are: trading, finance, profile and analytics.
- The bottom panel is used to set up your transactions, in particular, here you specify the amount of the transaction and choose the direction of price movement using the "up" and "down" buttons.
- On the top panel you see the amount on your account, here you can switch from demo to real account and vice versa. To do this, simply click on the amount and select the desired account. That is, having one account, you can trade on a demo and real account.
Any broker has its own differences and features. Someone offers advanced training, someone offers a large number of different bonuses or tournaments. These are the features that can be distinguished from Expert Option.
Expert Option Pakistan offers basic training on a variety of topics. On the broker's website you will find the following sections, which contain extended information and will allow you to gain basic knowledge. Follow the link and use the training materials. For you:
- Technical analysis
- Graphical analysis
- Fundamentals analysis
- Psychology of trading
- Trading strategies
Market Analysis Tools
Note that the functionality of the platform is at a high level. Most brokers cannot offer the features that Expert Option has. Here are the main tools that allow you to analyze the market, and not make deals at random.
- The broker offers 4 chart types: zone, line, bars and candles. The timeframe on the candlestick chart is from 5 seconds to 1 month.
- Indicators. There are 8 indicators available on the platform: moving average line, Bollinger Waves, Alligator, Parabolic SAR, Fractals, RSI, Awesome oscillator, MACD. Each of the indicators can be customized.
- Graphic tools. You can draw a vertical and horizontal line, as well as a beam (a line whose angle you set yourself).
Expert Option has a very responsive customer service. Traders can access the services through phone calls, emails, and online chat. There is also a form that traders can fill out on their website. The fastest way to get in touch with the customer support team is the live chat in the trading apps.
The broker’s affiliate program was launched in 2015 and successfully exists until now in 2022. The main task is to attract new traders to their options platform, and in return, the partners receive good brokerage interest.
The broker made sure that the trading process was as comfortable as possible. For this, several mobile apps and PC applications have been developed, which can be installed on mobile devices and computers that support various types of software (Windows, MacOS, Android, iOS).
Thus, it is possible to receive income from the game for an increase / decrease with the selected asset at a time convenient for the trader, without being tied to a PC or laptop. Follow our link above and download the desired application without any payment.
The broker offers different account types.It should be noted right away that you can test the capabilities of the site even without registering. To do this, a demo account is provided, you can start working on it by clicking on the link.
Follow the link and try trading on a demo account, by clicking on the "Try free demo" button. A beginner immediately opens a demo to start trading. The trader receives virtual funds in the amount of $10,000 and has no restrictions in using the presented instruments, in analyzing assets of interest, when concluding transactions for any amount, etc.
The only difference from a real account is the fact that a trader will not be able to withdraw honestly earned profit, but there are no financial risks either. Otherwise, the platform is ideal for learning and honing trading skills. You can use the demo for a long time.
By the way, the absence of the need to register to test a demo account is a distinctive feature of the broker in question, because most of the leading binary options companies do not provide such an opportunity.
Before replenishing your deposit, you should familiarize yourself with the types of real trading accounts and the benefits that each of them has. The higher your account type, the more features you will get, such as increased interest on transactions, personal account manager, priority when withdrawing amounts from the account, etc. The minimum deposit amount for opening a real account is only $10, try the platform and evaluate its capabilities for yourself!
On the price chart in the application, you will see user avatars. The platform allows you to see when, in what direction and with what investment traders open transactions. The only negative is that we do not see how long other traders open deals.
Broker Expert Option offers to copy trades of successful traders who trade on its platform.
Social trading on Expert Option is definitely an advantage of the platform. Yes, we will not be able to fully rely only on this indicator in our trading. However, we will be able to see which direction most traders are trading. You can also look at the amounts that other users enter with. If traders enter with large investments, chances are they are confident in their forecast. This may help you in your analysis.
Terms and Conditions
Full definitions and trading conditions, privacy policies are publicly available on the broker's website. Let's look at the main points below.
Commissions and fees
The broker does not charge commissions for opening, maintaining an account, as well as for deposits and withdrawals. However, the payment system you choose to make the payment may charge a fee. Also, if you stop using a real account within a few months, the inactive fee can be $50 per month. More detailed conditions can be found in the contract on the website or in the technical support service.
To make a deposit, enter your Expert Option login and enter the platform, then click on the big blue "Deposit" button in the upper right corner of the screen. Then select from payment methods and enter the deposit amount. We remind you that the more you deposit, the higher the account type you will receive. But you should start with a small and comfortable amount for you, and if you decide that binary options are for you, then deposit more. Follow the risk management rule. Remember not to risk money that you cannot afford to lose.
To withdraw funds please create a withdrawal request. You take the withdrawal amount from your balance to your bank card, Skrill, Neteller, Webmoney, Yandex.Money, Qiwi. The Expert option allows traders to withdraw money from $10, using their preferred payment systems. All withdrawals are processed within 2-3 business days.
Registration in Pakistan
Opening an account with an Expert Option broker is fast. Every trader can do it. You can register on the website, in the application on your PC or on your mobile. There is no difference in this.
Follow the official link and then you will see the registration form - "Open a real account". You will be taken to a registration form where you need to enter your email address and password. If you wish, you can sign in using your Google or Facebook account.
The Expert Option procedure in the application is exactly the same. After installing the application, click on the "real account" button in the upper right corner and fill in your details. Now you can start mobile trading.
Advantages and Disadvantages
The ease of operation of the proprietary terminal makes Expert Option one of the favorites among binary options brokers. This site is ideal for getting acquainted with options trading, the possibilities of this financial market, the peculiarities of using indicators, without risking a single dollar.
At the same time, the broker itself does not oblige you to do anything - there are no time limits for training, only the size of the virtual deposit is limited, but this is not a problem either.
The process of working on a real account is identical to training. After registering, having coped with the psychological barrier and replenishing your account in the amount of $10 or more, you can plunge into the world of trading for real money. Try it!
- Free demo that has no time limit
- Small minimum deposit of $10
- The presence of an extended training section
- Social trading.
- Technical analysis tools
- Various deposit and withdrawal methods
- To reduce the trader's losses in case of an incorrect forecast for the transaction, a refund of up to 40% of the purchased option is provided.
- One type of binary options "Higher -Lower". This is the classic type that most traders prefer. However, some traders want to diversify their trades.
Alternatives to Expert Option
Each broker has its own advantages and each trader is always looking for the best and most reliable partner. Trusted and legit online brokers include: IQ Option, Quotex, Pocket Option, Olymp Trade, Binomo.