Is Expert Option regulated? – Regulation and safety for customers
Regulation is the most important point for Binary Options traders and financial investments. Especially Binary Options Brokers should be regulated. Most companies are not regulated and there is the possibility of a scam. First of all, you should look after the official regulations of a broker and then invest your money.
Expert Option is regulated by the Vanuatu Financial Service Commission with license No 15014. This is a real financial regulation. The company has to follow strict rules for providing their service. Violations against the regulation are not allowed and will be punished. Nowadays, compared to other brokers it is a big advantage of Expert Option. The funds should be safe.
Safety through various security policies
Expert Option also provides its clients additional security through various policies, which again is a mark of a safe and real broker.
AML Policy
As a broker that takes a stand against financial crimes such as money laundering, Expert Option has an AML policy that all employees and clients are bound to follow.
FC Compensation Fund
As a registered member of the Financial Commission, Expert Option can offer its clients a compensation fund of up to 20000 Euros. This compensation fund is useful and shall be provided to those clients who have a dispute with this broker.
That suggests Expert Option also offers a dispute redressal mechanism that precedes the compensation scheme. So, a trader can have coverage of the funds and have a fair chance to represent the grievance as well. It further clarifies the truthfulness of this broker.
Privacy Policy
Finally, a policy that differentiates Expert Options from fake ones is the privacy policy. No fake broker will take the risk to guarantee customer privacy. They aim to scam you and not protect your data. However, a real and secure broker like Expert Option makes sure to offer a privacy policy that guarantees the safe usage of your details. Therefore, we can say that it is trustworthy and real to the core.
Trade offer and conditions for customers
The minimum investment for opening an account is 50$ and the minimum amount to bet is 1$. Expert Option offers you the best conditions for trading. The yields/returns are high as 90%+ for each asset. They provide you with more than 100 different assets to trade. You can bet with Binary Options on forex, commodities, stocks, and cryptocurrencies. The time horizon for binary trades is between 60 seconds and 5 minutes. The broker is perfect for short-term trading.
Conditions for traders:
- Open your account with just 50$
- Start betting with 1$
- Very high asset profit of 90%+
- Over 100 different assets (Forex, Cryptocurrencies, Stocks, Commodities)
- Short-term Binary Options
- Different account types
At first impression, the broker looks very professional. The website and the menu are structured and designed for beginners and advanced traders. The website is available in more than 9 languages and also the support works in different languages. The trading platform (read more below) is made for professional trading. You can trade with Expert Option on any device. Additionally, they got one of the best market data providers. There are no lags or manipulated charts from my experience.
Test of the Expert Option trading platform:
In the picture below you see the trading platform of Expert Option. The platform is available for your browser and app for your smartphone. Is the Expert Option app real or fake? It is a real and legit app. You can trade with Expert Option on any device. There are a lot of functions for beginners and advanced traders. The most important feature of a trading platform is user-friendliness and customizable options. The platform should be very flexible.
From my experience, you got a lot of different options to display the chart. Open different assets with candlesticks and some indicators. It is possible to create strategies with popular indicators like the Bollinger Bands and the RSI. The trading platform offers a trader everything he needs for successful trading.
How to use Expert Option? – Trading Tutorial
The broker offers only Binary Options for traders. It is very easy and simple to understand this financial product. You can bet on rising or falling markets at a certain time horizon. Make the right forecast and you can win a high profit in less than 1 minute. The risk is limited to your bet amount and the trade is automatically closed if the expiry time ends. For example, you have to say that the market will be higher/lower than the current price in 5 minutes.
Example – EUR/USD – 95%:
That means if you invest 100$ and make the right forecast of the price direction, you get a payout of 195$. 100$ is the return on your investment, and 95$ is the profit.
Especially beginners and new users can benefit from the social trading option on the left side. Just copy successful traders automatically. Also, you can read and listen to daily analyses of Expert Option. The platform works 24/7, and also weekend trading is available. Expert Option continuously adds new financial instruments. That sounds very good to me.
Benefits of the trading platform:
- High asset profit
- Customizable and flexible platform
- Free app
- Social Trading (copy traders)
- Analysis
- Indicators
You can see that the platform is structured and available in more than 10 languages. In the menu, you can choose between currencies, cryptos, stocks, and commodities. More than 100 different assets are available for Binary Options. Use more than 4 chart types, 20 indicators, and technical tools to draw lines. Beginners should quickly get used to the platform.
Expert Option is one of the brokers who provide a professional service to his traders. On the left menü, you see the options “education” and “analytics”. Get direct market news on your platform. There is news about stocks, currencies, cryptos, and commodities. Every day they publish new videos with the best trading ideas. The education center is a good way to learn more about trading. Beginners should especially watch the whole video section before they start trading with real money. On the other hand, advanced traders can improve their strategies with new knowledge of the education center.
Charting and Analysis on the trading platform
Another important point of a professional trading platform is the charting and the functions for analysis. My Expert Options review result is that the broker offers a large selection of functions. Technical Analysis is one of the most used strategies for trading Binary Options. The broker offers indicators, chart types, and drawing tools. In the following article, I will give you an overview of the possibilities to trade successfully.
Charting is difficult for beginners because the selection of tools and types is large. I will show you the best chart type and what you need to know about it. Expert Option offers 4 different chart types. The most popular chart type is candlesticks. First of all, it is hard to understand for a beginner. In addition, you can watch educational videos about this type of chart.
The candlesticks are developed by professional traders in Japan. It is a better way to interpret the market moves because you can see the close, open, high, and low of a certain period. The chart type allows you to get more information better and faster to your brain.
The Binary Options Broker offers you:
- Area Chart
- Line Chart
- Bar Chart
- Candle Chart (most popular)
Indicators are free and available
Indicators are used in the Technical Analysis. There are different types of them to predict the market direction. The indicator analyses the price in a certain period. Mathematical formulas calculate signals for buying and selling in the market. You can use them as confirmation for your analysis or develop a strategy.
The broker offers you more than 10 indicators for trading. They are customizable. Just click on the indicator symbol on the platform and another menu will show up. Moreover, you can watch educational videos about indicators or ask support for help if you got any questions about it.
(Risk warning: Your capital can be at risk)
Technical drawing tools for Technical Analysis
Also, technical drawing tools are important for Technical Analysis. You can use horizontal lines, vertical lines, and trend lines for your analysis. They are customizable and you can set the color width of the tool. Most of the time these tools are used for trading support and resistance strategies in the markets.
In conclusion, the trading platform offers all the functions a trader needs. In my opinion, it is one of the best platforms out there. Especially the structured design is comfortable for learning fast and easily about trading. Beginners and advanced traders like this platform so much because it is available for any device, and there are no lags and disconnects.
Mobile Trading (App) – Expert Option works on any device
Great news – Expert Option is available for any device. The team worked hard to create professional programs and apps. Nowadays, it is important to trade on mobile phones or tablets. Today as a general rule, more than 50 percent of traders use mobile trading. So, Expert Option mobile trading – Is it real or fake, though? It is real, legit, and functioning properly and safely.
The advantages are clear. Check your portfolio in every region of the world with your smartphone. In addition, you got the same functions in the mobile app as in the web-based
Mobile Trading:
The app is available for Android and iOS users. From my experience, the app works smoothly and without any lags. Also, the app is structured like the web version and you will find the same functions in the menu.
Web-version:
You can open the Expert Option in the browser of your choice. Use Firefox, Chrome, or other browsers for trading.
Download version:
Expert Option offers you to download the trading platform for your computer. Experts say that the download version is much faster for trading. Always the broker recommends downloading the program for a better experience.
Free Expert Option Demo Account for beginners
Those who want to register with Expert Option can use a free demo account. The demo account is unlimited and starts at 10.000$. Start practicing Binary Options and learn more about the trading platform. You get direct access to the education center. Beginners should develop and test their strategy with the demo account. Also, advanced traders can improve their strategy with the free demo account.
