|Account Type||Demo, Real, VIP|
Established in 2015.in St. Vincent and Grenadines, ExpertOption is regulated by VFSC and FMRRC. This broker has earned a good name for themselves in their industry, by using their youth to their advantage. Observing the current market, ExpertOptions was able to create their company taking the best of what their competitors had to offer.
How to get started?
Being available almost across the entire globe, ExpertOption offers a variety of languages for its users ranging from English, Spanish, Chinese, Russian, to Turkish and Indonesian. The free demo account available gives you a $10,000 of practice trades to help you get a good grip on their trading platform and the industry.
There are 4 separate accounts available differing in the range of benefits and level of deposits. The 4 accounts are Mini Account, Silver Account, Gold Account, and VIP Account. The Mini Account requires a $50 deposit, and gives you a personal manager, 1 personal training session, and a 50% bonus. The Silver Account asks for a $250 deposit, and rewards you in return with a personal manager, 2 personal training sessions, a weekly economics analytics report, and a 60% bonus. Gold Account which raises the min. deposit bar to $1000 comes with a personal manager, 4 personal training sessions, daily economic analytics, priority withdrawal and a 100% bonus. The final account type requires a whopping $2500 deposit; the VIP Account gives you everything in gold with a bonus of 125% and an individual trading history analysis.
Once you have mastered your skills on the demo, it’s time to deposit your funds and determine your account type and get trading.
The Deposit and Withdrawal system for ExpertOption is one of the less advanced in the industry, while some users have a quick and simple experience depositing or withdrawing their money, this hasn’t been the case for all members. The lack of clear statements from the broker on their site about the deposit and withdrawal periods leaves a lot of room for guessing, which isn’t what people want to do when it comes to their money. Offering the industry standard options such as Debit Cards, Credit Cards, Neteller, and Skrill, ExpertOption is on par with most of their competitors. The Withdrawal process does change with a Gold or VIP accounts, but once again the lack of proper definitions, it’s hard to state how much this process improves from the Mini or Silver accounts. The withdrawal process seems to average at 3 days of the stated 3-5 day processing period.
With over 50 assets available for trade ExpertOpinion is not the most diverse of the available broker. With a trading platform which comes ready to work on Windows and MacOS, with a demo version you can use without downloading. ExpertOption is also available in mobile apps making it a useful option for your trading needs. This broker is also known for providing an Integrated Social Trading Capability, which is not commonly seen. With an ability to trade in 4 classes of assets, might seem behind the times, but one of those classes being Crypto currencies should signal a modern mentality for the broker and what is to come.