Quality work of the broker is the most important factor of success in trading. Delays in the execution of transactions, non-market quotes, sudden spread expansion and constant requotes can “kill” the most profitable strategy or binary options signal.
History and licenses
The company was founded in 2014 and is an international brand for binary options trading. According to the official website at the beginning of 2019, 17 million active accounts were registered with an average turnover of 30 million transactions each month. There is no information about liquidity providers and quotes, but the deviation of prices from the market is no more than 2-3 points. This is a normal situation allowing you to use any type of binary signal.
Legally, the company is located in the offshore zone of Vanuatu with the appropriate license Vanuatu Financial Services Commission (VFSC). No other approvals the company has that it limits the ability of the trader to the disputes.
There are significant restrictions in the opening of accounts – the service is not available to residents of the EU, USA, UK, Japan and some countries of the Middle East, Asia and Africa (for more details, see Client Agreement). If your jurisdiction is included in the list, it is better to choose another binary options broker. If any inaccuracy of personal information is found, the Deposit will be blocked without refund.
Accounts and trading assets
Newbie’s to learn binary options trading and test strategies can open a demo account. My account provides five options for a real trading account for various deposit amounts and trading purposes.
- Basic. A minimum deposit of $ 50 makes it possible to test real trading without significant investments. Recommended for beginners as the next step after DEMO.
- Silver. With a deposit of $ 500 or more, you can already use complex strategies with several open options. Starting from this account, training materials and daily analytics are available to the trader. The maximum transaction amount is $ 250.
- Gold. For professional traders. All Basic/Silver features with the addition of priority withdrawals and increased returns on options (2% to Basic account).
- Platinum. For big investments: personal manager, access to proven strategies and free binary signals, no restrictions on the number of transactions, even faster withdrawal and replenishment of the deposit.
- Exclusive. For VIP-clients, it is opened only by personal invitations. There is no limit to the number of open trades, the increased amount of the option (up to $ 5000) and profit (+$4).
- Islamic Accounts. For customers practising shariah, which has a ban on passive income. On binary options, a similar situation may arise at the time of the change of the trading day, when the difference between the interest rates of the Central Banks (swap) can be positive and additional profit will be credited to the account. To prevent this from happening, instead of a swap, a fixed commission is paid when opening a transaction.
Expert Option prohibits and actively pursues measures to prevent money laundering and any activity that contributes to money laundering or the financing of terrorism or criminal activity. The Company requires its officers, employees and affiliates to comply with these standards to order prevent the use of the Company’s Services for money laundering. Be careful about the accuracy of personal data when registering an account!
Only classic CALL/PUT options from $ 1, the minimum expiration minute. Trading assets: currency pairs, metals and energy (oil, gold, platinum, silver), shares from the NYSE exchange, cryptocurrencies.
Binary trading platform
You can trade on any desktop (computer, laptop) and mobile (smartphone, tablet) device running Windows/ Mac OS/ Android/ IOS using the binary trading platform Expert Option.
As an alternative to self-trading, you can use “Social trading” with copying transactions to your terminal. The rating of traders is updated daily; two binary option trading signals modes are available: fully automatic or manual confirmation. The trader sets the volume of the transaction independently depending on the size of the Deposit and trading purposes.
Analytics, bonuses, deposit refill
Training materials are presented by webinars learn binary trading options, answers to frequently asked questions (F.A.Q) and instructions to the Expert Option trading platform. For VIP clients there are increased bonuses, personal consultant and individual training.
In addition to the loyalty program, some regular bonuses and promotions allow you to start trading with minimal investments or even without them. Full set of graphic and text advertising materials to receive the reward:
- for placing affiliate links on the pages of sites, groups in social networks, articles about binary options, paid indicators, strategies, binary options signals;
- pay-per-click graphic banners for placement on specialized websites, forums and signal copying services;
- bonuses from referred customers: for the first replenishment of the deposit, trading volume, etc. Partners can receive up to 60% of the broker’s profit.
There are 11 options for working with a deposit, including the popular payment systems WebMoney, QIWI and Perfect Money. Also, an interesting option would be NETELLER having its plastic card for cash withdrawals and electronic payments.
Do not forget about the verification (confirmation) of personal data. This is a prerequisite for withdrawing a large amount from a trade deposit. The verification process takes 7-10 days; the support service may request additional data, so it is better to start the process immediately after opening the account.
Summarize. Both beginners and professional binary options trader will find it useful to open an account (even a demo account) on Expert Option. Reviews about the company are generally positive, you may find new opportunities for earnings and further growth.