Expert Option Review – Is It A Reliable Or Fake Offshore Broker
Binary options are back at it again. Luckily or not, for some people, it was a good choice. Binary trading was not attractive due to a lot of negative experiences. But once you find the right company you are good. Expert Option broker offers everything required for safe trading. They are based in Saint Vincent and Grenadines and are owned by EOLabs LLC.
However, binary is almost considered gambling. Therefore, it might be very dangerous if clients don’t know what they are doing.
|Broker status:||Regulated / Offshore Broker|
|Regulated by:||SVGFSA, FMRC, VFSC|
|Owned by:||EOLabs LLC|
|Headquarters Country:||St. Vincent and Grenadines|
|Supported Platforms:||Web trader|
|Cryptocurrencies:||YES – BTC, BNB, ETH|
|Types of Assets:||Forex, Crypto, Stocks, Commodities, Indices|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Is Expert Option As Binary Options Broker?
Expert Option broker is certificated by the FSASVG. Even though this is not a Tier 1 Regulator like FCA, BaFin or ASIC it is still good that this broker provides security. They are certificated by FSA which offers a 20.000 EUR compensation fund in case of rules violation.
Therefore, we can say that trying to trade with this broker wouldn’t be a bad option.
Reasons for Using a Regulated Broker for Trading
If the broker has a license you know at any point in time that your funds are safe. They provide you with adequate education about trading and help you along the way. Trading conditions are transparent and nobody can lure you into something bad.
However, we wanted to check if this broker is on the database of FCA, BaFin and ASIC. Unfortunately, we couldn’t find any records leading to Expert Option trading.
Regulation, transparency, good trading platform and many more benefits lack with Expert Option broker. There are only bad things about binary as it’s almost like gambling and money can be lost easily.
Expert Option Available Online Trading Platform & Tools
Web-trader is very user-friendly and easy to navigate. However, the availability of some advanced features is poor. They only offer up to 10 indicators, basic drawing tools and a few different chart types.
Even though it offers social trading, with loose protection it’s not really trusted.
Apps for Mobile and Tablet
Apps for Android and iOS devices are available for download. You can do that through the official mobile provider store or the brokers’ website directly. Anyway, it’s a huge benefit that you can access it on the go. Besides mobile versions, you have a desktop version available for the ones that love bigger screens and multiple charts.
What Financial Instruments Does Expert Option Include?
A vast of instruments are available with this broker. Starting with:
|Forex||USD/SEK, AUD/GBP, EUR/NOK|
|Crypto||BTC, LTC, ETH|
|Commodities||oil, platinum, gold|
|Indices||Dow Jones, S&P 500, FTSE 100|
|Shares||Amazon, Alibaba, Tesla|
It’s great that they offer so many possibilities for profits. Market news and reports are a great and powerful feature that can make your decisions more precise.
Expert Option Service Countries
This broker has very strict rules in terms of whom they accept for its clients. They don’t work with clients from the US, Canada and EEA zone members. Besides that, Switzerland, Israel, Singapore, New Zealand and many more. You can check the list of countries on the company’s website.
Expert Option Types of Accounts – An Overview
Expert Option broker offers 6 different account types.
Every higher account brings you certain benefits. The number of deals becomes unlimited while a basic account is limited. A higher account has a priority withdrawal. There is as well a maximum deal amount that rises as your account type rise.
Can Customers Open A Demo Account?
The good thing about this broker is that you have a demo account available. You get 10.000$ of virtual funds to trade with. However, those funds are non-withdrawable. It’s just for you to see how the platform and binary trading work.
Expert Option Bonuses
The company offers up to 100% bonus in the deposits. In the EEA zone according to ESMA and any other Tier 1 regulator, bonuses are not allowed. It states in its Bonus Policy under which conditions you can lose the right to the bonus. If you request to withdraw the funds or you don’t place any trade in 30 days.
Anyway, that’s something that experienced traders don’t prefer because it might give trouble during withdrawals.
Expert Option Deposit and Withdrawal Policies
As for deposit and withdrawal options in T&Cs states it’s all mentioned on the website. Those are Visa, Master and Maestro cards. Besides that, they accept Skrill and Neteller. On top of that, Binance Pay is one more option.
In some Expert Option reviews we found comments of people having trouble with withdrawals. They stated that the broker was holding their withdrawals, asking for necessary documentation and prolonging the process. However, these are just comments, not official statements and there is no confirmation for such actions.
Expert Option Terms and Conditions
This broker is one of the rare ones that provides all the legal documentation necessary. Since we were talking a lot about regulations and benefits of it, you can see it now in reality. When the company is regulated, they are obligated to present documents and on top of that someone monitors their actions.
In their T&Cs they transparently present their merchants, payment software solutions and much more important info.
What to do if I have an Expert Option problem? – We Want To Hear Your Story.
If we will trust the Expert Option review, there could be potential issues. In case you somehow had any issues with the funds deposited with this broker you can share your story with us. Moreover, you can report it to the authorities and see what your next steps are.
With our experts, you can book a free consultation on your first step. One of those steps could be a chargeback.
What Is the Chargeback Procedure?
It’s a simple time-limited procedure for transaction reversal. It can be done when the client had suspicious activity on a debit/credit card. Now, we need to act fast until that time expires.
Get in touch today!
What Is Expert Option?
This is an offshore broker offering binary options with FSA certificate.. Don’t go
in binary if you don’t understand the fundamentals of trading.
Is Expert Option a legit Broker?
This broker is certificated by FSA and there shouldn’t be worries but some customer reviews are saying there could be potential issues with withdrawals.
Is the Expert Option Available in the United States or the UK?
Broker doesn’t offer its services to any of the mentioned countries. They have a very strict policy regarding the countries where they operate.
Does Expert Option Offer a Demo Account?
Yes. Great thing about this broker. You can check everything out with virtual funds before you make any deposit.