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A Review of Expert Option: An Emerging Binary Options Brokerage with Great Potentials

Expert Option is one of the new Cyprus-based binary options brokers, but comes with a difference. Expert Option not only awards a deposit bonus of between 25% and 125% for all first-time deposits, but also awards a “re-deposit” bonus. So if you have a dormant account, you can get extra trading capital by simply making a new deposit to reactivate your account. Additionally you can trade over 100 assets and take advantage of a $10,000 demo account to test drive the company. Try social trading and use the platform on any device. Expert Option currently has over 3 million users. Find out more about Expert Option below.

Company information

Expert Option is a Cypriot-based binary options broker, and winner of the Best Trading Platform award at the China Forex Expo held in Shenzhen on 6-7 May 2017. The company commenced operations in 2014 and is gradually emerging as a force to be reckoned with among binary options providers. Expert Option is regulated and licensed by the Vanuatu Financial Services Commission (VFSC).

Assets available

Expert Option offers more than 100 assets across five different asset classes for trading. Remarkably, Expert Option offers cryptocurrencies for trading, something you will not find in too many platforms on the market today. Here are the assets listed on Expert Option’s platform:

  1. Commodities: Brent crude, gold.
  2. Forex: USDCHF, EURUSD, USDNOK, AUDCAD, AUDUSD, EURGBP, USDJPY, CHFJPY, USDCAD, GBPUSD, USDTRY, USDCNH, and EURJPY.
  3. Indices: GER30, Dow30, S&P500, Nasdaq100, FTSE100.
  4. Stocks: Apple, Allergant, Amazon, Alibaba, Baidu, Coca Cola, CitiGroup, Facebook, Ford, Disney, Goldman Sachs, Google, IBM, Lockheed, McDonald’s, Microsoft, Netflix, Tesla, Yahoo!, Weibo and YUM.
  5. Cryptocurrencies: Bitcoin (BTC), Litecoin (LTC).

Bonuses & VIP programs

Traders get deposit bonuses on Expert Option. The account type determines the level of bonus provided. In essence, larger deposits attract larger bonuses. Here are the bonuses for the various trade accounts on Expert Option:

Perhaps what Expert Option is known for, and what sets it apart from its peers, is the “re-deposits” bonus. The re-deposit bonus is awarded to old traders of Expert Option who renew their commitment to trading again by depositing more funds into their accounts. The re-deposit bonus starts at 25%, but further increases can be negotiated. All bonuses are subject to trade turnover requirements before any withdrawals can be made.

Mobile

Expert Option boasts of one of the most advanced mobile trading apps available. Traders have access to the iOS and Android versions of the Expert Option mobile trading app.

 

Deposits and withdrawals

At Expert Option, there are several methods of depositing and withdrawing funds. These methods are as follows:

The transaction processing times of Expert Option is comparable to what is obtainable in the industry.

Customer support

Expert Option provides a multi-lingual customer support service in French, English, Spanish, Malay, Filipino, Mandarin and Portuguese. You can access the customer support desk using the following channels:

The quality of the customer support on ExpertOption is very good.

Extra features and resources

Here are some of the special features on the Expert Option platform:

  1. A $10,000 demo account is available for all traders.
  2. There is a fully functional educational suite which provides a compendium of technical analyses and trading strategies.
  3. Expert Option provides an affiliate program which enables users to refer their friends and get paid doing so.
  4. Never miss your favourite trade, and avoid staying on the charts all day with the Asset Schedule. The Asset Schedule presents the best trading times for your favourite asset.
  5. Interested in catching up with the cryptocurrency trade? Trade Bitcoin and Litecoin on the Expert Option platform.

Expert Option may have only been in the market for 3 years, but it is slowly but surely finding its way into the hearts of many binary options traders across 150 countries of the globe. The company has incorporated a lot of user-friendly features into its offering, ensuring that the trader is placed first.  Here are some of the advantages of using Expert Option as your preferred binary options broker.

Pros

Cons

FAQ

Here are some of the frequently asked questions that users have about the Expert Option platform:

Expert Option is one of the trusted brokers in the binary options market. The company is regulated by the VFSC and there are no pending cases against it.

The minimum deposit amount on Expert Option is $50, which is the amount that can be deposited on the Mini account as the minimum. Other account types come with minimum deposits as well: $250 for the Silver account, $1000 for the Gold account and $2500 for the VIP account.

You can trade with the following Expert Option platforms: a browser version, a downloadable desktop version as well as a mobile app.

Expert Option is a legit broker. There are no scam reports against the company.

Yes, you can. Bitcoin is one of the assets that you can trade on the Expert Option platform.

The essence of the bonuses is to provide extra trading capital. To be able to withdraw it, you have to fulfill the trade turnover conditions attached to the bonus. Refer to the Bonus Conditions document on the Expert Option website.


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