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A Newcomer to the World of Binary Options Trading – Read our ExpertOption Review


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Binary options trading is a relatively new form of investment, especially for the average Joe like many of you reading this review. There aren’t as many choices when it comes to choosing a broker as, for example, Forex trading. This makes the decision of which one to choose, a little less complex as there aren’t quite so many to pick from. Nevertheless, it is a decision not to be taken lightly as picking the wrong one could be the worst decision ever. And end up costing a lot of money. Reading a selection of our reviews is one sure fire way to help with the decision making process, as we’ll have done all the leg work and be providing all the most important information in one easy to read page. ExpertOption is the binary options broker we’re going to be looking at here, and we’ll start with a little bit of company history.

An introduction to ExpertOption and its history

ExpertOption is a relative newcomer to the world of binary options trading as it has only been in business since 2015. It is based in St Vincent and the Grenadines, which means you aren’t going to be as protected as with a broker that is licensed and regulated by a more recognized regulatory body. However, you can enjoy a certain peace of mind knowing that this broker will be adhering to certain financial rules and regulations and be subjected to regular monitoring by the FMRRC. FMRRC stands for Financial Markets Relations Regulation Center and is the regulatory body responsible for monitoring the financial services industry in St Vincent and the Grenadines.

Is ExpertOption running any promotions?

There is a 100% welcome bonus as well as further bonuses for second, third and subsequent deposits. These bonuses range from 25% up to 125%, depending on the amount of the deposit. Deposits starting from £2500 receive a 125% bonus.

ExpertOption has three real money accounts to choose from

If you are considering signing up with ExpertOption you’re going to need to know about the different accounts there are to choose from. To start with there is a demo account, which offers the perfect opportunity to try the broker before risking any of your own cash. It allows a prospective trader to find their way around the website and discover what the broker has to offer and the chance to trade with £10,000 virtual cash. It’s all well and good reading someone else’s opinion but you shouldn’t walk away from the chance to try things first hand. If you like what you find in the virtual trading world, it will be time to open a real money account and there are three options.

When it comes to making payments, there are a number of ways this can be done. From the more traditional methods to more contemporary methods. Payment methods that are supported include Visa and MasterCard, UnionPay, Skrill, Qiwi, Payweb, Webmoney and Yandex. We’ve already mentioned the minimum deposit and the minimum withdrawal amount is $10.

ExpertOption has developed its own trading software

ExpertOption has chosen to develop its own trading software, and it’s used by no other binary options brokers. For some traders this won’t be a problem, but not everyone will enjoy having to learn the ins and outs of a new trading platform. Here’s hoping the fact it is easy to use will put your mind at ease. It has features that will allow you to perform technical aspects of your trades in order to maximize your profits but at the same time ensuring your transactions are executed promptly.

All types of trader are taken care of with the ExpertOption trading platform and that includes those who like to trade while on the move. There is an efficient version of the platform that is very mobile-friendly. The mobile platform can be used via your mobile browser or there is an app that can be downloaded from your usual app store.

ExpertOption customer support and education

There is a section of the ExpertOption website dedicated to customer education, and while it may not be as extensive as some other brokers, there is definitely enough to get you started. There is a glossary in which some of the complicated binary options jargon is explained. Technical analysis, graphical analysis and fundamentals analysis are covered as well as trading strategies and the psychology of trading.

If you need to get in touch with ExpertOption there are a number of local offices you can contact. There are customer support agents who can help that speak English, Chinese, Thai, Russian and Hindi. Each different language has a specific telephone number and email address. The operating hours of each office are different so you should check on the website before trying to get in touch. There is also an online chat option and an online contact form.

ExpertOption may have been in business for just a couple of years, but has shown itself to be very reliable. Everything in the website is laid out in a clear and transparent way and it has plenty to offer a binary options trader. Whether a complete novice or a more veteran trader. The trading platform is easy to use and there are plenty of tools to help with the decision making process. As well as a good selection of account options and a minimum deposit of just $50.

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