Headquartered in Kingstown, Saint Vincent and the Grenadines, ExpertOption is an online retail broker that offers a reliable and straightforward way to trade multiple financial instruments, including stocks, commodities, cryptocurrencies, forex, and more. They provide traders with an easy-to-use trading platform that is available in desktop, web, and mobile versions. The broker’s clients are offered various trading account options with a required minimum deposit of $10. The leverage of up to 1:500 is available. No commission is charged on trades.
ExpertOption Review Introduction
In this ExpertOption review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers, including ExpertOption.
ExpertOption Platforms & Tools
The broker’s clients can trade the various available assets using a proprietary trading platform. The ExpertOption trading platform is built with multiple essential trading tools, such as Moving Averages, RSI, MACDs, Bollinger Bands, Parabolic SAR, Alligator, Fractal, Oscillators, trendlines, and more. In addition, the platform is available in desktop, web, and mobile versions. The desktop and mobile platforms can be downloaded from the broker’s website. At the same time, the web version requires no downloads or installations as it runs directly on most modern web browsers: Chrome, Edge, Safari, and Firefox.
ExpertOption Research & Education
Traders are provided with a good selection of learning resources to improve their trading skills and knowledge. These educational resources include training courses on the psychology of trading, webinars, video tutorials, FAQs, and glossaries that contains various trading terminologies along with their detailed explanations.
ExpertOption Trading Accounts
ExpertOption offers various trading account options. The account types and their corresponding minimum deposit requirement are as follows: Micro($10), Basic($50), Silver($500), Gold($2,500), Platinum($5,000), and Exclusive Accounts.
ExpertOption Account Funding
ExpertOption traders can deposit and withdraw funds to and from their trading account using any of the following payment methods: bank transfers, credit/debit cards, and online payment processors.
Some payment methods may be unavailable in specific countries. The time taken to process transactions is often dependent on the payment method in use.
ExpertOption Customer Service
ExpertOption provides traders with a knowledgeable client support team who are available 24/7 to respond to clients’ general, technical, and account-related inquiries. The support team can be reached via telephone, email, Live Chat, and social media.
There is no regulatory information on the broker’s website at the moment. The lack of regulation is often a red flag to prospective clients as the safety of their invested funds is not guaranteed by an unregulated brokerage firm.
ExpertOption Review Summary
Launched in 2014 in Kingstown, Saint Vincent and the Grenadines, ExpertOption is an online financial services provider. They provide traders with an in-house-built platform for trading multiple financial assets. The broker’s proprietary trading platform is available in various versions: desktop, web, and mobile. ExpertOption provides their traders with the needed trading resources, such as a range of helpful trading tools, educational materials, and a reliable client support team to assist them. The broker offers various trading account options. The minimum deposit to start trading is $10. However, the broker is unregulated, which could be a deterrent to some prospective investors.
It is worth mentioning that some of the trading products and services in this ExpertOption review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the ExpertOption broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. It would help if you considered whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.