Expert Option is a trading platform developer who claims to be constantly working to improve the smart trading sector so that the financial markets are accessible to everyone, at all times. It also has mobile apps that are in the TOP 3 most downloaded of their segment in the world in 2020. The main focus of this company is on social trading. The client is the main value of expertoption.com, as he himself says about it. We propose to check how these words coincide with reality in this review.
Expert Option indicates the year of its start in 2014. Before believing such statements, it is worth checking them carefully. The Who Is service provides the following information:
In fact, Expert Option started around 2014 by buying out a domain with a lot of age. True, at that time he indicated Cyprus as the address of registration:
Today the location has changed to Saint Vincent and the Grenadines:
Not that it is strange, but it raises certain doubts, since both locations are offshore.
What is even more interesting is that the license of this company was issued by the Vanuatu VFSC, and all its payments are processed by a firm based in Gibraltar.
The documents that Expert Option has are not enough to start cooperation with stock players, since none of them has real power. Accordingly, working with the monitored site is a big risk.
How and what to trade on expertoption.com?
In this trading platform, according to the developer, the following tools have been introduced:
- charts, indicators and trend lines for technical analysis;
- social trading functionality;
- over 100 assets (Forex, stocks, commodities).
The advantages of the site are the speed of transactions, the absence of delays, round-the-clock support and the most accurate quotes.
You can also use it through mobile applications. Installation files for IOS and Android are available on the company’s website. You can also register there to gain access to the browser version of the development.
Among other things, Expert Option offers to use binary options on its trading platform – the favorite tools of scammers. We are assured that the use of these assets in 90% of cases makes a profit. In fact, these are some of the riskiest positions that exist in the financial markets.
There are also trading accounts here: Micro, Basic, Silver, Gold, Platinum and Exclusive. Deposits start at $10. Conditions unknown.
What is actually repeatedly noted by expertoption.com customers in their reviews is the speed of the technical service. Employees respond to inquiries quickly and succinctly. You can contact them at any time of the day.
Is there a demo account?
The company allows traders to use the demo version of the terminal with a virtual deposit of $10,000. Here’s what it looks like:
What is the result?
According to our analysis, expertoption.com offers a good platform with good features. It is responsive and easy to use. At the same time, many questions arise when checking the company’s documentation. She does not have a normal license and a single registration. Honest feedback from the platform’s customers will help to dot the i’s:
Expert Option clients unanimously declare: the company is SCAM! On the network you can find dozens of stories of users deceived by this office. Better not to tempt fate. Choose another financial assistant with at least one license from a reputable regulator.