When starting to trade in the financial market, it is extremely important to make the right choice of a broker. It is from this intermediary between the trader and the market that the speed, quality of transactions, and the reality of the withdrawal of earned money depends. This means that the broker largely determines the success of trading and the profitability of the speculator. Different brokers may provide different services, including a large selection of trading assets, auto trading, robots, leverage, trading tools training, etc. Today we will do an Expert Option review. We will learn how to use the platform and what advantages the broker offers to traders.
What is an Expert Option?
When choosing a broker, the first thing you should pay attention to is how long he has been operating. Expert Option is a binary options broker that was founded in 2014. The company was created by talented and professional specialists in the field of FinTech. They tried to make working on the trading platform as convenient and accessible as possible. By 2022, traders in 48 countries will trade using the broker's platform. The website has been translated into 14 languages.
In 2017, the company was an award winner in the “Best Trading Platform” category at the prestigious China Trading Expo, including for its top-notch social trading features. You can copy what other traders are doing and make a profit.
One of the best things about the Expert Option trading platform is that you can trade without paying a cent. The zero percent fee policy allows you to create a diverse portfolio at no cost. The broker gives you access to over 100 digital assets. The platform is used by over 55 million clients worldwide and gives them access to forex trading, stocks like Apple and Facebook, and assets like gold and oil.
ExpertOption is a platform for social trading and binary options online trading. The advantages include the presence of a free demo account and a minimum deposit of $10. At the same time, the minimum trade ammount is $1, and the profit of the transaction can reach 95%. It turns out that this is a broker with a minimum entry threshold and a high percentage of profitability.
Binary options are one of the newest and most popular derivatives currently offered in the world of currency trading. Binary options are easy to trade and limit the risk of a trader's investment to the amount paid to buy the option. Binary options are very easy to understand - there is only one transaction condition - the price will rise or fall after a specified time. That is, a trader chooses an underlying asset and predicts a change in its price. If the forecast is fulfilled, the trader makes a profit.
When trading with Expert Option, only classic options are used - you can trade on the increase / decrease in the prices of certain assets.
The popularity of binary options has grown significantly since they became available for retail trading on various online platforms. In addition to currency pairs, binary options can now be traded on many of the world's major indices, commodities such as oil, gold, and stocks of many companies.
The underlying assets for binary contracts are about 100 different instruments:
- Shares of global companies, such as Facebook, Alibaba, Amazon, Baidu, McDonalds, Coca-Cola and others.
- Currency pairs: EUR/USD, USD/CHF, USD/JPY, USD/CAD, EUR/GBP and others.
- Commodities: Gold, Silver, Brent Oil.
Binary contracts for the price movement of various assets are traded on schedule. All types of instruments and the time of trading sessions can be viewed in the Assets tab from the Analytics section.
The proprietary platform has an intuitive design and both inexperienced and experienced traders will find it equally easy to use.
Users have a choice of trading apps for PC, tablets and mobile devices. The quality of application execution at a professional level. Most of the screen is reserved for graphical display of changes in asset quotes.
Each broker tries to stand out from the rest in some way, and make their platform the best and worthy of attention. In 2020, this trading platform entered the TOP 3 most popular financial applications downloaded through Google Play. The choice of traders speaks for itself. And here are the benefits traders find.
The Expert Option broker has developed 4 applications that will speed up your work. These are applications for Windows and MacOS systems as well as mobile apps for Android and Ios. You can download them from the broker directly. To do this, click on the button below, and download for free from the main page!
Trading on the go using mobile phones is becoming an increasingly popular way to make money. Not surprisingly, in recent years, most of the brokers in the market have launched mobile apps to make things easier for traders. The interface of Expert Option mobile applications is the same as the PC versions and you can easily navigate. Try it!
Smart traders understand that an urgent opportunity can appear at any moment. Having access to your trading account when you are not at the terminal can sometimes make you a lot of money.
Technical analysis on the platform
Another advantage is the availability of technical analysis tools on the platform. Among them are charts, indicators, and graphic tools.
1. Price movement is tracked using various charts. The timeframe on the candlestick chart is from 5 seconds to 1 month. There are 4 types:
- Japanese candles
- Zone chart
- Bar chart
2. If desired, you can use custom indicators. The 8 most popular indicators among traders are presented:
- Bollinger Waves
- Parabolic SAR
- Awesome oscillator
- Moving average line
3. Graphical tools are presented in the form of a vertical and horizontal line, and there is also a beam.
The platform provides visualization of trades of other traders. These signals can be used to improve the quality of your trading.
In addition to the strategy and the use of indicators, news, etc. in it. the principles of money management or money management should be applied. For example, experienced traders invest in one transaction no more than 5-10% of the deposit. If several contracts turn out to be unprofitable, there will be a reserve on the balance sheet for a positive exit. You can not invest all the funds in one operation, as the risks are very high. Risk management includes not only investment planning, but also loss planning. Traders limit the allowable losses within one session to 10-15% of the deposit. If this limit is reached, you should close the terminal and switch to other things. This tactic allows you to cope with negative emotions and the desire to recoup.
Thus, a full-fledged trading system includes the following components: trading strategy, money management, risk management.
Another feature is the availability of the Get Profit affiliate program. With this program, you can become a real partner of the broker and promote his services in various channels. It can be your blog, website, chats on financial websites, bulletin boards, etc. For each brought client, partners receive a fee, according to the terms of the contract. Many earn extra money not only through trading, but also by becoming an affiliate.
The broker also provides a short tutorial on the basics of trading. You will find the following sections:
- Graphical analysis
- Technical analysis
- Fundamentals analysis
- Psychology of trading
- Trading strategies
An important part of any platform is the availability and smooth operation of a customer service. You can contact technical assistance in various ways: email email@example.com , telephone +44 20 3868 3160, online chat. The fastest way is live chat in the app. Go to the Help tab and select the "Live Chat" menu.
The broker offers 6 types of accounts for users with different trading experience, as well as a demo account.
Each user gets access to a demo account with $10,000. You can use the virtual portfolio to get an idea of the application and also improve your trading skills by making risk-free trades. Just follow the link and click "Try free demo".
The social trading service allows you to track the transactions of other traders. It shows the total number of open positions, the volume of transactions of other participants in the selected asset and the percentage of the rate movement. In the social trading system, beginners can learn from more experienced colleagues. However, auto-copying of transactions is not provided for in it.
Terms and Conditions
Full trading conditions are presented on the website and in the application. Let's take a look at the most important points.
Commissions and fees
The broker does not charge commissions for replenishment and withdrawal of funds from the account. If your trading account is inactive for a long time, the broker may charge an inactive fee of $50 per month. For any questions you may have, you can always contact support.
The following deposit and withdrawal options are available on the platform:
- debit or credit cards Visa, MasterCard, Maestro;
- electronic payment systems Neteller, Skrill and others;
- commercial banks of the countries with which the broker works;
- cryptocurrency wallets and transfers.
The minimum deposit amount is $10.
The withdrawal function opens only after the replenishment of the trading account. It should be taken into account that the withdrawal can be made only in the same way as the deposit was replenished. The methods have been described in the previous section. Commission for withdrawing funds from a broker is not provided, but may be from banks or payment systems.
The minimum withdrawal amount is $10.
To make a withdrawal request, you need to follow 3 steps.
- On the left panel, open the "Finances " section. First you need to replenish the account through "Deposit".
- After replenishment, access to the "Withdrawal" function will open. Select the payment method of transferring money and enter data in the open fields.
- If all the information is correct, click the "New request" button.
The status of the withdrawal request can be tracked in "Finances-"Payment history". Accounts Gold, Platinum, Exclusive have a priority in the output.
Registration in the Philippines
So, to start trading, use the button below and fill out the registration form.
Immediately after that, not only a greeting with registration is sent to the specified email address, but also the account verification procedure. Thus, the administration protects customers from scammers.
Once registration is complete, traders can start editing their own profile. There you can not only add your photo, but also specify certain detailed information for further verification.
Binary options trading becomes available immediately after registration or authorization on the official website of the broker. Follow the link above and get started today!
You can work on a demo account without registering. To go to the demo account from the main page, you need to click the "Try free demo" button. To start creating an account right away, go to "Real account"
- Go to the registration form.
- Fill in e-mail and password
- Of course, you should study the terms of the agreement in advance and put a tick in the "Familiarized" box.
- To confirm registration, go to the e-mail page that you specified, open the letter from the broker and follow the link provided. Ready!
If you have a Facebook or Google account, you can use your account to register with Expert Option Philippines.
If you have registered before, you can enter Expert Option login or sign up directly in the application. First of all, you need to download the desired application from the site or in the application store for your system. The Expert Option sign up form is exactly the same as on the website. Use the platform right now and don't delay. Evaluate the convenience of applications just for you!
Advantages and Disadvantages
Benefits include the following options:
- Free app downloads quickly, directly from the website
- Social trading - communication with other users, monitoring transactions in real time
- Free $10,000 demo account
- $10 minimum deposit
- Minimum investment amount $1
- Profit up to 95%
- News, daily market reviews
- Free educational materials
- Many Payment methods
Among the shortcomings, we highlight the fact that there is no variety in the types of binary options. We remind you that you can trade only one, classic type: "Higher" - "Lower".
Alternatives to Expert Option
Of course, today a trader is provided with a wide choice of trading platforms. It is important to choose a trusted and legit platform. Here are some of the online brokers that can be recommended as an alternative: Quotex, Olymp Trade, Binomo, IQ Option, Pocket Option.