The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
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The data are from WIKI Research 2021.09.28 updated
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Basic Information & Regulation of ExpertOption
ExpertOption has been working to create an online trading industry that makes markets accessible to everyone for financial trading. 2020 was a banner year for ExpertOption, which became one of the top 3 most downloaded financial programs on Google Play worldwide with its social trading features. ExpertOption is not currently regulated in any way.
Safety Analysis of ExpertOption
The primary measure of a financial institution's security is whether it is formally regulated. ExpertOption is an unregulated broker, which means that the safety of clients' funds and trading activities are not effectively protected. Investors should primarily stay away from this ExpertOption brokerage firm.
ExpertOption offers over 100 assets for investment, including crude oil, gold, and popular stocks such as Apple, Facebook, and McDonald's.
Account Types of ExpertOption
To meet different in vestors' investment needs and trading experience, ExpertOption offers six different types of trading accounts: Micro (minimum deposit of ฿335), Basic (minimum deposit of ฿1999), Silver (minimum deposit of ฿19,999), Gold (minimum deposit of ฿9,999 ), and Exclusive (invitation only).
Trading commissions of ExpertOption
ExpertOption claims that it does not charge any commissions for investors' trades, such commissions are charged by payment systems or liquidity providers, and that ExpertOption's income source comes from rebates from the liquidity providers it works with, based on the volume traded.
Trading Platforms Available of ExpertOption
ExpertOption provides traders with a non-MT4/MT5 trading platform but with its in-house trading platform. This trading platform consists of 4 charts, 8 indicators, trend lines, and over 100 assets tradable on this trading platform, including popular stocks such as Apple, Facebook, and McDonald's. Traders can download this trading tool from the App Store and Google Play.
Deposit and Withdrawal of ExpertOption
With a minimum deposit of $1 and a minimum withdrawal of $10 for a single trade, ExpertOption has partnered with over 20 payment providers to provide traders with a convenient and efficient deposit/withdrawal experience, Skrill, WebMoney, QIWI Wallet, Yandex, etc.
Pros & Cons of ExpertOption
The main advantages of ExpertOption are:
1. Six Account Types Available
2. Zero Commissions
3. Multiple Deposit & Withdrawal Options
4. Real-Time Customer Support
5. Free & Rich Teaching Resources.
The main disadvantages of ExpertOption are:
1. No Regulation
2. Non-MT4/MT5 Trading Platform
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