ExpertOption – a review of new online trading platform

A significant advantage of this broker is that everyone is allowed to open transactions before the registration process is fully completed. Therefore, merely by opening a demo account, you immediately have the opportunity to test your skill without any risk of losing real money.

Remember that by opening a demo account, you get a virtual capital of $1000 to evaluate the trading platform’s features. But we should not forget that, like every broker, ExpertOption’s demo account has some access restrictions, which are automatically withdrawn after registration is complete.

During the registration process, the user fills in the following data: a personal e-mail address and a password for accessing the site. This information allows the trader to access the trading platform and open transactions using a real trading account and a complete set of tools and options.

The opening of a real trading account is possible after full registration of the user and depositing money on the deposit. According to the requirements of ExpertOption, the minimum amount of deposit replenishment is $50 or 3000 rubles. ExpertOption allows replenishment in Russian rubles and US dollars.

ExpertOption has rich opportunities for bonuses, and their value can be as much as 50%, based on the type of user’s trading account. Bonuses are accrued after the necessary turnover of transactions.

It is essential to continually monitor the conditions and rules of ExpertOption’s bonus program, as they may be subject to change. Therefore, we recommend contacting the personal manager and learning about everything in advance before accepting bonuses to your trading account.

(!) Important Note: ExpertOption does not provide services to citizens and residents of the United States, Canada, the European Economic Area, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico, and Sudan.

ExpertOption offers its investors a choice of several trading accounts, which differ in the amount of initial deposit, available features, and access to services. The main types of accounts are explained below.

Deposit and withdrawal of funds are possible with the help of more than 20 electronic payment systems (e.g., Neteller, Skrill, Perfect Money, FasaPay, and others), debit or credit cards (Visa, Mastercard, Maestro, UnionPay), and direct bank transfers. The minimum withdrawal amount is $50 or 3000 rubles, and the withdrawal process may take up to 2 business days.

To withdraw your profits, you must submit a request in the Finance section of the platform. Also, confirming the withdrawal of funds from the trading account will require copies of documents relevant to the operation. The list of necessary documents for verification can be seen after registration.

ExpertOption’s trading platform has a clear and easy-to-use functional design, with the ability to independently determine the platform update period (from 5–15 seconds). Customers can use analysis tools such as candlestick, line, and American bar charts. ExpertOption provides optimal conditions and tools for technical analysis.

Everyone can analyze the chart using such trading indicators as the moving average, Bollinger Bands, and the Williams Alligator. The work field will display a window with a graph of open positions, and the user can increase the number of windows from 1 to a maximum of 4 by pressing the Tab button.

No matter how many windows are open in the working field, they are all independent. In addition to the platform’s functionality, it is possible to use the return service when completing a losing transaction.

Any investor can receive an insured amount of up to 50% of the investment if this condition is specified in the option. The deal can be opened at the touch of a button for a minimum investment of $1 or 50 rubles. The profitability of transactions on the platform is up to 90%.

The ExpertOption website does not have as many training materials as other brokers. Nevertheless, everyone has the opportunity to take advantage of trading signals. The site’s Education section consists of a helpful Glossary, where the user can get acquainted with various concepts that accompany the trading process.

Some of the topics discussed include “Trading Strategies,” “Technical Analysis,” “Graphic Analysis,” “Fundamental Analysis,” and “Psychology of Trading.” All the information in this section is regularly updated. 90% is a high payout amount, although Quotex offers payouts up to 98%.

Using the platform ExpertOption, each client can count on the quality services needed for effective trading. On the official website, you can use the online chat to have your questions immediately answered by the manager. You can also contact support via email or phone.

Support is provided in several languages, including Russian, English, Spanish, etc. Summarizing the review, you should focus on the pros and cons of this broker:

Pros:

• Attractive minimum deposit ($10) and investment ($1) amounts
• Certified broker in the Russian Federation
• Demo account
• Efficiency of registration and opening of a trading account
• User support in Russian
• Extensive technical analysis tools
• Excellent selection of training information

Cons:

• Limited choice of options by maturity
• Restriction of services for several countries (USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan).

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