Expert Option Review in 2023: Is it Scam or Legit Broker?
Expert Option is one of the oldest Fixed Time Trading platforms in the world. It has been there since 2014 and throughout this period, it has continued to innovate and make its platform better for trading. As a matter of fact, the Expert Option is the only $10 deposit broker that allows you to copy trades from other traders in real time. And that’s not the only benefit you get with Expert Option, there is more. Read this Expert Option review to the end to find out everything about this broker.
What is ExpertOption?
Expert Option is a binary options trading platform that offers users access to a wide range of trading options. It offers an easy-to-use interface and a variety of features that make it an ideal platform for traders of all levels of experience.
One of the most essential features of Expert Option is its wide range of trading options. This allows users to find the right choice for their needs, whether they are new to binary options trading or experienced traders.
Expert Option also has a wide range of features that makes it an ideal platform for traders of all levels of experience. These features include social trading and a free DEMO account. They also offer a 24/7 customer service staff that can help traders with any questions they may have.
ExpertOption Review in 2023: Is Expert Option Regulated?
Is Expert Option a regulated company?
There is no one-size-fits-all answer to this question, as the answer will depend on the jurisdiction in which Expert Option is operating. In some cases, Expert Option might be considered to be a regulated company, while in other cases it might not be considered to be a regulated company.
The reason why this question is important is that there are a number of risks associated with investing in companies that are not considered to be regulated. These risks include the risk that the company will go out of business, the risk that the company will not be able to pay its debts, and the risk that the company will engage in fraudulent activities.
If you are considering investing in Expert Option, it is important to check if your country allows VFSC regulation or FMRC-authorized brokers as these are the regulators of Expert Option.
Expert Option Review in 2023: Size of Customer Base
So far Expert Option has over 80 million active users.
These traders execute more than $30 Million worth of trades every month and most of these traders are either in Asia, South America, the Middle East Countries, or Africa.
Expert Option Review 2023: Is Deposit and Trade Size
Deposit and Trade Size
If you are looking to invest in a binary option, you may be wondering what the deposit and trade size is. This information is important to know because it will determine how much money you will need to place in order to start trading.
The deposit and trade size for binary options varies depending on the broker that you are using. However, the average deposit and trade size for binary options is usually between $10 and $50. This means that you will need to put between 10 and 50 dollars into your account in order to start trading.
Once you have deposited money into your Expert Option account, you can start buying and selling binary options on this platform for only a $1 minimum trade amount.
Expert Option Review in 2023: Trading Style and Payout
Like with all the other binary options trading platforms, you can access the Expert Option trading platform with two methods.
1). The Classic trading format – this trading style requires you to pick a strike price and choose either UP or DOWN for your trading.
2). Time format – this method requires traders to pick the duration of the trade and at the expiry of the trade, the opening price is compared to the closing price. You win if a trade closes in your favor.
Expert Option Review 2023: Number of Available Financial Markets
Expert Optio provides more than 80 tradeable financial instruments on their platform.
You can trade: –
1). Currency pairs
2). Metals,
3). Stocks
4). Cryptocurrencies
5). Commodities
Just choose your preferred asset and pick a preferred financial instrument to trade.
Expert Option Review in 2023: Depositing Process
If you are looking to invest in a new stock or option, you will want to be sure that the process of depositing your money is safe and secure. There are a few different options available to you when it comes to depositing your money in the Expert Option platform.
The most common way to deposit money with the Expert Option platform is through SKRILL. This option is convenient because it allows you to deposit your money quickly and without having to go through any additional paperwork.
You also have the option of depositing your money through a digital currency like Bitcoin. This option is popular among investors because it is difficult for governments or banks to track or seize digital currencies.
Another option that you have is to deposit your money through your bank card. This method is less convenient than the other two options, but it is more secure.
Whatever option you choose for funding Expert Option, it will work fast and easily. By the way, you can also fund ExpertOption with Mpesa in Kenya.
How to Deposit Money to ExpertOption in 2023.
1). Login to your Expert Option account
2). Click on the Finances tab on the left sidebar
3). Navigate to deposit and choose a popular payment method for your country. If you are in Kenya, you can fund your Expert Option account with Skrill, Mpesa, Airtel Money, and Neteller among other payment methods.
4). Choose or enter the amount you wish to deposit and click on continue.
5). Enter the required information, if you chose Mpesa in the previous step you need to enter your Mpesa number. if you chose Skrill you need to log in to your account by Email and if you chose bank card, you need to enter your card details and click on “pay”.
Your funds will reflect on ExpertOption immediately.
Expert Option Review 2023: Withdrawal Process
Just like the deposit process, the withdrawal process at Expert Option Review is easy and straightforward.
You can withdraw your earnings in euros or US dollars, and the Expert Option will credit your account with the equivalent amount of bitcoins or cash.
To withdraw your money from ExpertOption, follow these steps: –
- Login to your Expert Option account
- Click on the Finances tab on the left sidebar
- Navigate and click on withdrawal on the platform
- Select the wallet you want to withdraw to and the amount you wish to withdraw then click on the “new request” tab.
ExpertOption will process your payment within 5 business days. Depending on the wallet you choose, you can even receive your payment in 24 hours.
ExpertOption Review in 2023: Accessibility
You can access Expert Option with any device.
Be it your laptop, desktop, or mobile device.
If you are up to it, you can download the ExpertOption mobile app for Android, iOs, or PC. Otherwise, accessing the platform via Chrome, Mozilla, and Edge among all the other browsers is ideal.
Fees
When you choose to work with an Expert Option, you’re getting more than just a binary Options broker. You are getting a broker without deposit and withdrawal fees.
You are getting a digital options broker with no trading fees. And you are getting a Fixed Time Trading platform with no Maintainance fees.
Expert Option Review 2023: Trade Period
All trades in Expert Option have a minimum trade duration of 60 seconds but you can also open a trade that runs for many hours.
If you ask me, most traders using the time format to open trades in Expert Option will go for the 60 seconds trade duration as it allows you to make money fast on successful trades.
That however does not mean that trades of longer duration on Expert Option are bad, they are just as good as they give the price enough time to move up and down.
Expert Option Review 2023: Customer Service Response
Customer service response has always been considered as one of the key factors when it comes to investing in Forex or Binary Options.
Why, because most people starting out on these ventures are new traders and as such, they’ll always have questions about almost everything.
If you are a new trader looking for a company that offers top-notch customer service, then you should definitely consider investing in Expert Option.
They have a dedicated customer service team that’s accessible via: –
- Phone number – +44 20 3868 3160
- Email address – help@expertoption.com
And live chart. If you have any questions regarding the expert Option platform, feel free to get in touch 24/7.
Trading Hours
Since this is Binary Options we are talking about, you can trade every day from Monday to Sunday 24 hours a day.
This is however not true for specific Forex pairs, metals, and Stocks.
To know which assets are tradeable on ExpertOption this weekend, create an DEMO account here and start trading.
Regulation
Expert Option is regulated by the Vanuatu Financial Service Commission (VFSC) with license number 15014.
The Financial Market Relationship Regulation Center also oversees and approves the operations of this broker (FMRRC.
This makes Expert Option safe to trade within a number of jurisdictions including Kenya, India, Nigeria, Uganda, Brazil, and South Korea among other countries in Africa, Asia, and South America.
Here is a list of countries where Expert Option is not allowed: –
Singapore, Russia, Puerto Ricco, North Korea, Iran, Yemen, Newzealand, Switzerland, Canada, EU, Israel, and Australia.
Frequently Asked Questions
Is Expert Option Legit in Kenya?
Yes, Expert Option is a legitimate and reliable platform that offers you one of the best binary options trading platforms in Kenya.
Much as it is not regulated by the Capital Markets Authority in Kenya, the regulators that it has so far are just ok for every other country with laidback regulations on binary options.
In case you want to start trading in Kenya, feel free to use the Expert Option and use the Mpesa payment option both for deposits and withdrawals.
Does Expert Option work in Uganda?
Yes, Expert Option does work in Uganda.
The only countries where Expert Option is not allowed are Singapore, Russia, Puerto Ricco, North Korea, Iran, Yemen, Newzealand, Switzerland, Canada, EU, Israel, and Australia.
How to win with expert option
To make money in Expert Option, you will need to learn some popular 1-minute strategies.
One of the easiest to master trading strategies for 60 seconds is the same “color legendary trading method”
How the same color legendary method works.
With the same color legendary method, you are required to look at the color of the closing candlestick, is it blue? If it is blue then you must set your trade duration to 1 minute and trade DOWN.
Conversely, if the closing candlestick is white, then you must trade UP on your next trade.
Does Expert Option accept Mpesa?
Yes, ExpertOption accepts Mpesa. And here’s a step-by-step guide on how to fund Expert Option with Mpesa.
1). Login to your Expert Option account
2). Click on the Finances tab on the left sidebar
3). Navigate to deposit and choose Mpesa
4). Enter the amount you wish to deposit and click on continue.
5). Enter your Safaricom phone number and click on “pay”.
How do I use Expert Option?
It’s simple.
Step 1: – Register or login into your Expert Option account. Next, choose an asset to trade.
Step 2: – Click the Red/Green button at the bottom of the chart to place your trade.
Clicking the GREEN button means you are predicting that the price of the asset you chose in STEP 1 will increase in value.
If it increases you will make profits.
Conversely, you can click on the RED button at the bottom to predict that the price of the asset you are trading will decrease in value.
If it decreases you will make a profit of up to 95%.
How much money can you make with Expert Option
The amount of money you can make in the Expert Option depends largely on your account size. How much capital do you have at your disposal? $10?
But your trading capital alone will not increase the amount of money you make in Expert Option. You must also have a working strategy in place to be able to make the most of your trading capital.
One easy way to make money in Expert Option is to turn on the social trading feature to start making money by copying trades made by other professional traders.
Again, how much can you make on the Expert Option? The answer is relative but with a good trading strategy in place and enough money to trade with, you can make just enough money trading.
What does Expert Option do?
Again, ExpertOption is a binary options broker that offers options on stocks, indices, and cryptocurrencies. It allows users to trade with a wide range of financial instruments.
Which one is better Iq Option or ExpertOption?
There are a few different reputable brokers available when it comes to investing, and each has its own pros and cons. One such broker that is gaining in popularity is Iq Option.
This broker offers a high degree of flexibility and allows investors to choose from multiple stocks, ETFs, and commodities to trade.
On the other hand, the Expert Option platform offers the same thing in Iq Option and more.
Just to mention but a few, social trading options, a user-friendly platform, small deposit amount, small trade amount, and more.
Again. between IQ Option and Expert Option, which broker is best? Compare the two platforms to find out.
ExpertOption Kenya minimum deposit
If you’re looking for a credible and reliable option when investing in the stock market, look no further than Expert Option. This company has a long history of providing quality investment advice and services to its customers.
One of the most important things that Expert Option does is provide a minimum deposit requirement. This means that you won’t have to invest a large amount of money upfront in order to get started. This is great news if you’re new to the stock market or if you don’t have a lot of money saved up.
Another important thing to note about Expert Option is its customer service. They are available 24/7, which means that you can always contact them if you have any questions or concerns. They will help you to resolve any issues that you may have with your investment account.
ExpertOption Kenya minimum withdrawal
The minimum deposit in Expert Option is only $10 which is standard for most binary options trading platforms.
How long does Expert Option withdrawal take?
When you decide to make a withdrawal from your Expert Option account, it can take up to three business days for the funds to be processed.
During this time, you will not be able to trade or withdraw any more money from your account. The processing time may be longer during busy periods and weekends. So, also keep that in mind.
Conclusion.
Overall, ExpertOption is a great trading platform for beginners who want to start making money in the financial markets. If you don’t have an account in Expert Option, create one here.
