When making a decision over which binary options trading broker to use, it is important to take all the different factors into consideration. How long have they been established in the industry? Do they have a reliable reputation? How good are the customer support services and which withdrawal and deposit methods are on offer? This Expert Option binary options trading broker review looks at all the important facts that you need to know so that you can make an informed decision over whether they are the right brokerage choice to meet your trading needs.
Bonus - 100%
Software - 76%
Customer Support - 75%
Options choice - 70%
Good quality broker
Summary : Very trusted broker
Expert Option Background and History
Expert Option is a relative newcomer to the binary options trading scene, having been established in 2015. With a base in St Vincent and The Grenadines, Expert Option is especially popular with the Russian market and currently only offers their website in Russian, English, German, Portugal, Spanish,Italian, Chinese, Hindi languages. Expert Option is regulated by the independent FMRCC which is good news should any traders require a dispute to be resolve or need compensation. Expert Option have harnessed the expertise of many years of experience in the binary options trading industry to create their own trading platform to meet the needs of a range of traders.
Expert Option Trading Platform and Features
The Expert Option trading platform has been developed in house and uses their own proprietary software. It is easy to use and well designed so that traders who are both experienced and newcomers to binary options trading can easily get to grips with the interface. There is a range of in-platform intuitive analytical tools which enable traders to perform all the technical analysis necessary to maximise their profits while transactions are executed promptly. The Expert Option website also has a useful education section which helps novices to get to grips with the basis of binary options trading, offering strategic advice as well as a helpful glossary of terms and analytical information. Traders on the move will be pleased to discover that Expert Option have a mobile optimised trading platform which is available in app format through the Apple and Play Stores. This makes them a good choice of broker for those who like to check their assets while on the move. There is a variety of trading options available through the easy to use platform including currency pairs, stocks, gold and oil.
What Account Types are Available With Expert Option?
There are four different account types available from Expert Options and these can meet the needs of all types of trader from the novice to the expert. The Mini account is the most basic level account on offer which can be opened with just $50 deposit. With a maximum number of 10 open deals, maximum deal amount of $20 and access to helpful training materials this is a useful way to get to grips with binary options trading and there is the added advantage of up to a 50% bonus. For those with a little more prior experience, the Silver account can be opened with just $250 deposit and this gives additional benefits such as the services of a personal account manager and bonuses of up to 75%. The Gold account can be opened with an initial deposit of $1000 and account holders can benefit from priority withdrawals, increased asset profits and a consultation with a lead trading expert. It also commands bonuses of up to 100%. The top level account is the VIP account which comes with all the benefits of the Gold account together with an analysis of the trader’s own individual trading history. With bonuses of up to 125% this is an excellent choice for experienced traders. There is, as you would expect, also the option to try out the trading platform with a demo account which can be tried out for free.
Which Banking Options do Expert Option Offer?
There are many options available to those who wish to open an account with Expert Option to suit those who prefer both traditional or more contemporary e-wallet methods of banking. As well as accepted all the best known credit and debit cards such as Visa and Mastercard, traders can choose popular methods such as Skrill, Neteller and WebMoney to make their deposits and withdrawals. The minimum deposit amount with Expert Option is just $10 making it really simple to get started even for those with no prior experience and this is one of the lowest minimal deposits in the industry. Expert Option take pride in their rapid deposit and withdrawal systems which are very efficient. They guarantee short turnaround times and take pride in customer satisfaction, with all funds being held in secure European banks for complete peace of mind for traders.
How Good are Expert Options Customer Services?
Anyone choosing a binary options trading broker needs to know that they are choosing a broker that is known for excellent customer service. Expert Option takes pride in offering a high level of customer support and ensures that there are a variety of contact methods available in order to answer queries in a timely fashion. As well as an online enquiry form, there is also a contact email address to which enquiries can be addressed. The Expert Option telephone helpline is open Monday to Friday between 10 AM and 7 PM (GMT +3). There is also a Skype address for addressing queries via the Skype system. There is, however, no option at the current time for online Live Chat.
Is Expert Option the Best Binary Trading Broker?
Expert Option has plenty to offer as a binary options trading broker. Their easy to use trading platform includes plenty of useful analytical tools and there is a good variety of account available to suit the needs of a variety of traders. Their streamlined withdrawal and deposit systems also make Expert Option a good choice for those who wish to get their hands on their profits in rapid time and with a good choice of contact methods, communicating with customer services couldn’t be easier.