ExpertOption is one of the new competitors to the online options broker market that is simple enough for newcomers while providing enough functionality to satisfy even the most seasoned traders.
The company also strives to be trustworthy and quick, making it easy for everyone to begin trading. Eventually, the goal is to produce the quickest trading through creative technologies. The broker is also well recognized for its easy-to-use trading applications. The platform equips traders to reap the benefits of sophisticated analytical resources to make educated choices. The confidentiality of client funds and the rapid withdrawal method make expert option a prime choice for traders. It is more of a young broker, but it is quickly growing in popularity both among inexperienced investors and specialists.
ExpertOption
ExpertOption is an online trading platform that enables you to trade a variety of financial derivatives in a well-designed and convenient user interface.
It is a well-known financial derivatives broker founded in 2014 and owned by EOLabs LLC, a company based in Saint Vincent and the Grenadines. The minimum deposit for investing is one of the important features. According to the ExpertOption review, the platform has documented more than 69 million accounts for 2020. It is a major accomplishment for such a young business that shows that this broker has every reason to draw the attention of investors from 150 countries. ExpertOption places consumers at the top of the list, making a customer care its utmost importance. There are more than 100 account managers, each of whom works on fulfilling customers’ requirements.
ExpertOption: A Scam or Legit Digital Options Broker?
When seeking to ascertain if an electronic options broker is legal or a fraud, being strictly monitored is one of the main factors to remember. As an investor, you want to believe that your investments are covered and that any problems you experience will be overcome when trading on a particular platform. There is an inherent threat within all trades; there is no unique circumstance on the platform of ExpertOption.
Reasons why ExpertOption is a Legit Online Broker
Here are some of the reasons why ExpertOption is a legitimate online broker.
Regulation
ExpertOption carries the FMRC credential for compliance with all relevant regulations. It is completely governed by the Vanuatu Financial Services Commission-VFSC. Customer funds are owned by investment grade-A banks in segregated accounts.
Clients Security
ExpertOption is checked by MasterCard and Visa to preserve client confidentiality. It is achieved via authenticated by Visa and Mastercard Secure Code status. ExpertOption also provides icons for Cert Trusted Safe and PCI DSS Compliant. It also encrypts all information using the most efficient cryptographic algorithms. The website uses SSL encryption, so all the details it sends uses AES 256 encryption.
Fees
Unlike other platforms, ExpertOption does not charge transaction expenses, regardless of whether they are being traded or removed, swap charges or hidden fees scam investors. However, the payment aggregator or payment system can be commissioned.
Social Trading
ExpertOption also provides social trading that allows you to exchange with friends or watch and track global transactions. In reality, ExpertOption markets itself as a pioneer in social trading networks. Through the social trading app, you can trade with friends and traders or watch them launch their deals in real-time. This section of the ExpertOption involves Top Investors so that you can track the performance of VIP traders and learn from their acts. ExpertOption also enables employees to aspire to become a market leader in their own countries. To further improve the social element of ExpertOption, the platform involves communities on social media sites, including Facebook, Instagram, Twitter, and YouTube.
Transparency
One of the aspects that underlies the credibility of ExpertOption is its accountability. For one, they mentioned their contact details. Some brokers usually only have an email address, making it more difficult to get in contact with their customer service representatives.
Customer Services and Additional Tools
ExpertOption assists the client in two languages, English or Hindi. You can reach your customer support team by email, smartphone, live chat, or through a feedback form. Service is also available 24/7 through their mobile applications. This broker has a range of online educational tools to help traders understand the fundamentals of digital options. These include video guides, online webinars, regular market research, and much more. It also has a range of technical analysis resources that you can use including four distinct chart types, eight different indicators, and trend lines. If ExpertOption were a scam, they would not have spent a lot of time teaching their traders about strategies, techniques, and exchanging indicators.
Conclusion
It can be difficult to locate a reliable online options broker nowadays. Trade is something of a complex world. ExpertOption is simple to use and offers more than just educational services. The social aspect of ExpertOption is also useful for beginners and those who like to evaluate their investment strategies. It stands out with its cryptocurrency products, as many brokers are only beginning to deliver this type of asset while ExpertOption has many. Based on transparent proof and subtleties, it seems that this stage provides a legitimate trading opportunity.
