ExpertOption is a fairly new binary options broker owned by ExpertOption Ltd.. They are located at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, St. Vincent and the Grenadines.
Their phone number is +44 20 3239 3315 and their email address is: [email protected].
ExpertOption uses their own custom built trading platform for binary options trading platform. There are many assets to choose from including most Forex pairs, Oil and major market indexes like the S&P500.
The trading platform is very easy to use, and they offer high payout on various options. When we reviewed the broker, it seems that the max time length for an option is only 5 minutes. Basically, you can select a time between 60 seconds and 5 minutes for expiration. We hope they will introduce longer time frames soon,
ExpertOption is mostly popular in Russia as they are licensed by CROFR (Financial Market Relations Regulation Center) in Russia. Their website is available in English and Russian.
The minimum trade size is only $1 and the minimum deposit for new accounts is $50, see here.
A nice feature of the Expert Option platform is the continuous stream of trading alerts and trading signals. The signals cover all their assets, and have either Strong Buy, Buy, Neutral or Sell & Strong Sell. As with any binary option trade signals it is important to understand what the signal is based on and you should demo trade first.
It is great that they give you a $1,000 free demo account right away, see here.
They do not offer an automated trading software. If you want to use a robot for trading then look at this article about various binary option robots.
License & Regulation
When reviewing brokers to see who is a real broker and who is a scam broker the first thing to do is check for a license. Are they licensed by CySEC in Cyprus, and are they accepted in the European Union under MIFId regulatory rules?
ExpertOption is licensed by CROFR since September 8th 2015. CROFR is a “self regulatory organization” for brokers in Russia.
When choosing a binary options broker, it is important to check the list of regulated brokers. Always make sure that the broker you are trading with is licensed and regulated.
There are hundreds of brokers to choose from, so make sure to compare the top rated brokers.
24Option (read review) is a large European licensed broker, they offer a great trading platform with many Forex pairs, see here. They are most popular with investors using the auto trading software from AutomatedBinary.com.
Are you trading with ExpertOption? Please leave your review in the comment section below.