Expert Review Binary Strategy

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

Contents

The best Binary Options Strategy – (That works fast)

On this site, I will show you my best Binary Options Strategy. It has a hit rate of over 60%. You can easily use it in every timeframe like 60 seconds or higher expiry time. Also, it is possible to use the Martingale strategy to improve your results. It is called the “False Breakout Strategy”. It works on every asset and in every timeframe. Learn to trade profitably in a few moments. Look at the picture below for the first impressions.

If you only trade this style of trading, it is possible to make a lot of money. Just search in the markets for a high/low or support and resistance and wait for a false breakout. In the next chapters, I will provide you more information to win against the market!

The False Breakout Strategy

Why do you need a Binary Options Strategy?

Binary Options Strategies can be different methods to trade the market. First of all, a Binary Options Strategy does not have to be difficult. It is possible to make money with simple ideas and methods. Therefore it is important to use strict rules for trading the market. The most common mistake is not keeping to your own rules! In addition, a good strategy reduces emotional and irrational trading.

Most traders lose their money because they trade without a proven method and strategy. Advanced traders know how the market work and they practice their own methods a lot. You have to learn and get a higher knowledge of the market. From my experience, it is not easy to learn to trade successfully in a short time horizon. In the following article, I will give you strict rules for trading the markets and I will show you how the strategy is working easy and successful.

4 steps to become a professional trader:

  1. Get knowledge about the financial product and the market
  2. Learn a profitable Binary Options Strategy
  3. Practice in the Demo Account
  4. Start trading with real money if you trade successfully

False Breakout – The Best Binary Options Strategy

False Breakout is an easy way to trade the markets. To trade breakouts do not work very well. I have tested it many times in the past (I will show you the reason why it does not work good below). After a breakout, the market comes back most of the times.

All you have to do: search for a level (high/low or support/resistance) and wait for the market to break the level. If the market comes back you can go short (put) and long (call).

False Breakout: The market breaks a high/low or support/resistance and comes back to the level and stays under/upper the level. Support/resistance are more than one high/low in a row. You can use this method in any timeframe and with any asset/market. It is universal. See the picture below!

Why does this Binary Options Strategy work so well?

For this question, it is important to have more knowledge. At highs and lows are a lot of stop-losses from other traders in the market. Professional traders use this knowledge to get high liquidity for their own positions. They quit or open a trade where high liquidity is. In most cases they will fake this breakout or the market will turn because of closed positions.

There are a lot of traders who will trade such breakouts. Algorithms are programmed and triggered to make lose them money.

Facts:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

  • Stop-losses are triggered with a breakout
  • A lot of stop-losses means higher liquidity
  • This knowledge is used to open or close big positions
  • The market will turn around in most cases
  • Sometimes it is a short turn around and sometimes the trend will change completely

Which levels are the best for trading?

New and fresh highs and lows are the best levels for this Binary Options Strategy! With several highs in a row, it is more likely that the market will break through this level. Search for big new and fresh highs. For the best results, the level should be created in the current day. See the picture below.

Different levels for your entries

Furthermore, the best levels got the V-Form. I will show you in the picture below. The V-Form is seen clearly by a lot of other traders in the market. They put their stop-losses on these levels. Also, it is possible to trade the V-form as support and resistance. I rather wait for the false breakout of the V-Form. It works with a high hit-rate and you can easily make money with Binary Options.

The best level V-Form

When choose your entry? – For Dummies

Risky traders open a position directly in the opposite of the breakout. In my opinion, there is a better way to get good results. In the picture below I will show your my exact entries. Select the level in the markets. If the market passes the level back, you can open the trade. It is just so simple as it sounds. Sometimes you will need 2-3 trades to make a profit. That is why I double my invest amount if I lose a trade.

Additional information: You can wait for a candle close below/upper the breakout level to get a better confirmation

Which timeframe can I use for the Binary Options Strategy?

You can use any timeframe for this strategy. The time does not matter for your analysis. Only the price of the asset matters. No professional trader cares about the time. You will see that the small timeframes are more difficult to trade because you have to pay more attention to the market. You have to react much faster than in higher timeframes. In conclusion only the price of the asset matters.

Money Management for the best success

Money Management belongs to every Binary Options Strategy. Without the right money management, you will lose everything. Most traders do this mistake. I personally prefer to risk 1 – 5% of my trading account in one Binary Option. So you can lose some trades without destroying your account completely. The money management depends on the trader, too. Some traders are very aggressive and take a lot of money to invest. In the end, you have to decide for yourself how much money you want to risk.

Some trades use 10% or more of the account balance for trading. For example, if you got 4 losing trades (this happens) in a row, your account balance is minus 40%. In my opinion, it is insane to use this risk. The most professional traders use a risk of 0.5 – 1,5% of their portfolio for one trade. From my experience, you will get hard emotions by losing a huge amount of money in a short time horizon or a few trades.

First of all, it sounds like a hard process to invest only 1% or less of your portfolio, but with a steady and continuous trading strategy, you will earn a lot of money in the future. For example, if you make a profit of 2% every day, the account will grow very high in a few weeks.

Martingale for the False Breakout Binary Options Strategy

For better results, you can use the popular “Martingale Strategy”. If you lose your trade, you can double your investment or use more than 2,3x of the last investment in the next trade. This is very risky, but with a successful strategy, it is a good way to work with. In my opinion, only experienced traders should use “Martingale”.

A martingale can blow up your account in a few trades. I only use it when I feel very safe for the next trade and I recommend that.

  • Use sensible money management (I prefer to risk 1-5% per trade)
  • Martingale is a good way for experienced Traders (double the trading amount if you lose)

Attention to Market News

Another point of successful trading is the market economic news (picture below). A lot of traders use this economic news to trade the market. In my opinion, it is like gambling, because you do not know the result of the news. In addition, you are to slow to react quickly when the news appears. Orders are triggered in less sen 0,01 seconds. There are automatic trading programs which are faster than you!

In conclusion, it is not a good idea to trade economic news. My advice to you: Stop trading 10 minutes before and after the news. The volatility is very high and in most cases, the market will jump right over your screen. The market does not care about the numbers, because they are priced in already.

I use the economic news of www.investing.com. You will get the right news 0,1 seconds after they are released.

Get started – Use a good Binary Broker for your Strategy

In the table below you will find the best Binary Options Brokers. It is very important to use a broker with good charting software. You have to analyze the candlesticks/chart for the false breakouts. It is useless to trade a successful strategy for a bad broker because maybe they do not pay out your profit. I tested several brokers and recommend them on my website.

You can create a demo account to practice this new method of trading the markets. My recommended brokers offer you a free and unlimited account. The conditions are the same as in the real money mode.

Another relevant point is the trading software for the execution of your trades. You should analyze the chart in the best way you can. Use the candlestick- or line chart. I recommend the candlestick version. The drawing tools are offered by the platform and you can start in a few seconds.

Facts for a good broker:

  • Regulation
  • Free demo account
  • High asset profit
  • Flexible trading platform
  • Good service and customer support

The brokers below give you the highest yield and the most functional platforms for your trading:

Best Platform
Highest Yield
Best Support

Broker: Review: Regulation: Yield: Advantages: Open Account:
1. IQ Option (5 / 5)
Read Review
CySEC (EU) up to 100%+
2. Olymp Trade (4.8 / 5)
Read Review IFC 92%+

Huge diversity
High Yield 92%
Bonus Program 3. Expert Option (4.8 / 5)
Read Review VFSC, FMRRC 90%+

Good Platform
Account Types
Good Education

Conclusion of the Best Binary Options Strategy for beginners

On this site, I have shown you how it exactly works to make a profit with Binary Options. Just use the false breakout strategy. First of all, it is important to practice this strategy. You can use a free demo account to trade with virtual money.

Follow the next steps:

  1. Find a good level in the market. This can be a big low or high. You can use support and resistance lines, too. These are more highs or lows in a row on the same price. New and fresh highs/lows are working well for this strategy
  2. Wait for the break of the level. Sometime the market will never break your level. This is no problem because there are enough opportunities in the market every day.
  3. If the breakout is done and the market comes back to the level you can do a call or put option. (it depends on the breakout direction)

The strategy is very flexible. You can use it with any timeframe, asset or market. You just need a blank chart of candlesticks or line and a horizontal drawing line tool for trade successful trading the markets. On this website, I showed you how the market works on highs and lows. With this knowledge, you know more than 95% of the traders in the world. Good luck and happy trading ;)

Binary.com Review

Introduction

Owned by Regents Market Group, Binary.com was first set up in 1999 and licensed in the Isle of Man and Malta. As one of the more established binary options brokers, Binary.com wasn’t always known by this name. In fact, until 2020 it was known as BetonMarkets.com. The rebrand was undertaken to capitalise and increase their share of a growing binary options market.

With offices in Malta, Malaysia and Japan, the company now has over 1 million registered accounts worldwide and handles approximately 15 transactions per second. The site is published in 12 languages to cater to their worldwide clients. These are English, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian and Russian.

A multi-award winning trading platform Binary.com’s success is built on their flexible trading, simplicity, sharp prices, trust and security. With over 2 billion dollars traded to date and their commitment to providing a first class client service, they have managed to maintain their position while many others have entered the market around them.

In this review, you will learn:

    What types of accounts are available to traders The payouts you can expect from successful trades All the functions and usability of the platform

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

Unlike many brokers, there isn’t a menu of accounts to choose from, there are just Virtual and Real accounts.

Virtual Account

When you visit the desktop or mobile site, you are encouraged to open an account, but it’s a Virtual Account, not a Real Account. Follow the steps to open an account, and you are asked to enter a verification code sent by e-mail to complete the process. Once you have done this, you have your very own live Binary.com demo account with $10,000 to practise with. A Virtual Account or “demo account” as they are also known to allow the novice trader to practise and get used to trading binary options before risking their own real money.

Real Account

Once you have got to grips with the platform via your Virtual Account, you can then open a Real Account with as little as $5. This low deposit amount is much more accessible than other binary options brokers who require a minimum of 250 dollars and is a contributor to their popularity with so many account holders. It’s a swift and easy process to open a Real Account, and with a few simple details within minutes, your account is live, and you are ready to trade. There is a menu box that allows you to move between your Real Account and your Virtual Account and to stop you getting carried away you are asked if you would like to receive an update or “reality check” and at what intervals.

Trade Types And Payouts

The payout percentage changes in real time for all trade types. Unlike other brokers that may state a payout of 85% for a simple binary call/put trade the Binary.com platform updates as you watch. Second, by second the payout amount rises and falls, allowing you to pick when to make your trade. As an indication, the trader can expect to achieve a return of around 85-86% for a successful trade. The minimum trade amount is just $5, which makes this a decent beginner broker.

As with many of its peers, the Binary.com platform offers the following types of trades.

Call/Put Trades

This trade type has two options. Rise/Fall or High/Low; A simple prediction of whether the asset will rise or fall in price in the allotted time.

Touch/No Touch Trades

Profits are much higher with the type of trade with a return of around 1,000%. Again it is difficult to predict the exact return as the prices change in real time.

In/Out Trades

With In/Out trading, there are two options. Ends In/Out or Stay In/Goes Out with returns again of around 1000%.

Traders can expect to achieve an excellent rate of return with Binary.com, around 86%.

Bonuses And Promotions

With such a low deposit amount required, it is no surprise that Binary.com don’t need lots of attractive bonuses to entice people to sign up to their trading platform. However, there is a $20 welcome bonus offered to those that open an account with just 5 dollars. It isn’t something that is widely advertised, however, and someone wishing to open an account in this way would need to search for Binary.com bonus to find the option.

Mobile Trading

While Binary.com has made many technological advancements and offer such an intuitive trading platform; there is no mention of a dedicated mobile app. Upon further investigation, when searching the App Store on iOS or Google Play, it would confirm that there is no app available for both iPhone, iPad or Android devices. That said the mobile platform is highly functional, straightforward to use and not overcomplicated.

Opening an account on any site on a Smart Phone can sometimes be a fiddly experience, but when you sign up to Binary.com, the data input boxes are clear, functional and easy to use while being big enough to see what you are doing without squinting.

One of the great features of the mobile is the prominence of the account that the trader is currently using. In the top right-hand corner of the screen is a drop down box with the option to switch between accounts. As well as a clearly labelled differentiation between the virtual and the Real Account there is also the account number, so you don’t have to go rooting around should you ever need to call support.

Deposits And Withdrawals

There are many ways to deposit funds into your Binary.com trading account. Choose from debit or credit card; Visa, Mastercard or Union Pay. You can also use a Bank Wire or Money transfer, or one of many E-Cash methods such as Skrill or OK Pay. As previously mentioned the initial minimum deposit amount required is only $5 and cleared funds will be available to start trading immediately.

Withdrawals are made via the same method as deposits, so if you made your deposit via a credit card any money that is withdrawn will be sent back to the same card. Once a withdrawal is requested, a verification token is sent via e-mail to ensure security. It then takes between 1 and 5 days for the money to be returned. The processing time depends entirely on whether you are using a wire transfer, credit or debit card or e-cash.

We advise all traders to ensure they have followed the proper verification and identification process to avoid any withdrawal problems. While performing our Binary.com review, we had no banking issues to report.

Special Features

One of the key features of Binary.com is its unique “fixed odds” trading platform. The platform allows you to set your trading price and tells you the amount you will be returned, which essentially allows you to choose your profit. When you start trading the amount needed to achieve a 10 dollar return, for example, will move up and down in front of your eyes. Once you confirm your trade, it is locked in, and your payout amount remains fixed.

As mentioned above, it is evident that the critical feature of Binary.com is the fact that you can open an account with only $5. While many competitors offer a lengthy and possibly complicated menu of accounts and options, this low deposit option is probably the key reason that they have as many account holders as they do.

Customer Support

With many binary options traders, you can log in and immediately see how to contact a member of customer support. This may be in the form of an intrusive live chat box that pops up to check you are ok or by a prominent button should you need to start a live chat. With many brokers, you will find a list of numbers depending on your country and a list of contact methods.

Now while all of this is available with Binary.com, it isn’t as visible, and you do need to go looking for it. By scrolling to the bottom of the desktop site, you will find a small “Contact us” link. Once you open up this page, you do get a choice of telephone numbers, e-mail or live chat and on further examination, there is a drop down box to allow you to choose the relevant country you wish to call. There is also a list of addresses to write to.

Here are the contact details for Binary.com:

    Email – [email protected] Phone – +44 016 668 000 42 Address – Binary Investments Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD1825, Malta

Conclusion

Here we’re going to wrap up our Binary.com review. Binary.com appears to be unique in its trading platform and the technology on offer. They also seem to have the added advantage of many of the leading binary options traders in that you can open an account with as little as $5. This may be a reflection of their “no frills” offering with the lack of an app and other features that you might expect to find. The information on offer is basic, and they don’t appear to shout about the benefits of the platform. Their focus seems to be on the ease of use when it comes to trading and the fact that they boast a unique trading platform.

During our thorough and detailed Binary.com review process, we found a few complaints and no evidence that this broker is a scam. Their longevity stands them in good stead, and they have built up their legit large following through trust and reputation. The risk of binary options trading isn’t any less with Binary.com, but it does allow the trader to “dip their toe” without committing as much as they would with other traders.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is Binary.com legit, will they scam me?

Binary.com is licensed and regulated in Malta, the United Kingdom, the Isle of Man and Ireland. They have won many awards, and like all brokers, we have put them through stringent vetting procedures.

Do they have a decent mobile or tablet app?

The mobile website is intuitive, simple and easy to use. As well as a fully responsive mobile website, they also have an app available on the App Store and Google Play.

What bonus do they offer new traders?

The stakes are much lower with a Binary.com trading account, and their minimum deposit requirement is just $5, and their minimum trade is also $5.

Can I start trading on a free demo account?

There are only 2 accounts available on the Binary.com platform, a virtual (demo) account or a real account. Once you have entered the site, you are good to start trading with $10,000 of virtual cash.

What’s the minimum deposit and trade amount?

The minimum deposit required to open a Binary.com trading account is just $5. This low deposit amount is a far cry from the $250 deposits required by many brokers.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

Beginner’s Guide to ExpertOption: Complete Review

ExpertOption has the goal of providing clients with a fully transparent digital trading experience. To achieve this goal, it delivers an intuitive trading platform combined with vast educational materials.

The platform began providing services in 2020 and executes more than 30 million deals every month. So far, more than 9 million accounts have been opened.

ExpertOption makes clients a priority, making customer service its primary value. There are more than 100 account managers, each of which focuses on meeting client needs.

The company also aims to be reliable and simple, making it possible for anyone to start trading. Finally, it aims to deliver the fastest trading via innovative technologies.

ExpertOption at a Glance

Broker ExpertOption Limited
Regulation Financial Services Authority St. Vincent and the Grenadines (SVGFSA)
Minium Balance $10
Demo Account
Yes – $10,000
Asset Coverage CFDs ,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 500:1
Trading Platforms Web, Mobile, Desktop Apps

Opening an Account at ExpertOption

The minimum deposit needed to open an ExpertOption account will vary based on your chosen account type, but the absolute minimum is $50. ExpertOption also has KYC procedures in place to verify your identity to prevent fraud and money laundering.

Most of the time, ExpertOption asks new clients to submit documentation verifying both their identity and address.

The broker does not list specific requirements on its website regarding these documents, but it is safe to assume that ExpertOption has the same requirements as other brokers. The proof of identity most likely needs to be government-issued and include your photo, name, and birthdate at a minimum.

The proof of address likely needs to be an official document or bill with your name and address clearly displayed.

Account Types and Minimum Deposits

While many brokers only offer a single account type for clients or possibly two, ExpertOption has an exceptional range of accounts.

It is also interesting to note that instead of creating account tiers based on verification levels as many brokers do, ExpertOption creates tiers based on the size of your investment, with the ability to upgrade to a higher account level.

There are five types of accounts available from ExpertOption, with each adding benefits but increasing the minimum investment.

  • The Basic account only requires a deposit of $50 but lets you upgrade to a higher status when you are ready to do so.
  • Silver accounts are the most common starting point, requiring a $500 minimum deposit.
  • Gold accounts start at $2,500, and Platinum accounts start at $5,000.
  • Exclusive accounts are by invitation only.

The Basic accounts get access to all the educational materials. You can have a maximum of 10 deals open at a time with a maximum deal amount of $25. Silver accounts include an introduction to a personal manager.

They upgrade the maximum deals to 15 and the maximum deal amounts to $250. They also add access to daily market reviews as well as financial research. The Gold accounts allow 30 simultaneously open deals of up to $1,000 per deal.

They also add priority withdrawal and increased asset profit of up to 2 percent. Those with Gold accounts and higher also get priority withdrawals.

Platinum accounts have a maximum deal amount of $2,000 and no limit to the number of simultaneously open deals. The increased asset profit becomes up to 4 percent, and you also get an account manager.

Those with Exclusive accounts get a senior account manager, increased asset profit of up to 6 percent, and maximum deal amounts of $5,000. This account type also adds access to strategies.

Note that regardless of the account type, the minimum investment amount for a single trade is $1. It is also important to note that certain account benefits require the client to request activation of that feature via email, at which point it will be manually activated.

Account Type Basic Silver Gold Platinum Exclusive
Personal Manager Introduction Introduction Account Manager Senior Account Manager
Educational Materials
Daily Market Reviews and Financial research
Priority Withdrawal
Access to Strategies
Maximum number of simultaneously open deals 10 15 30 No Limit No Limit
Maximum Deal Amount $25 $250 $1,000 $2,000 $5,000
Increased Asset Profit 0 0 up to 2% up to 4% up to 6%

Expert Option Bonuses

In a significant new update ExpertOption recently began to offer 100% bonuses to all first depositors. The introduction of a bonus system owes largely to popular demand, and see’s traders claiming a much needed boost to begin trading.

The 100% bonus can be claimed from deposits starting at $30, and traders will have one hour following the creation of their account to take advantage.

Importantly, acceptance of bonuses does not affect the ability to withdraw as with other brokers, with ExpertOption if you choose to accept the bonuses on offer, you’ll still be eligible to withdraw any time.

The bonuses are also available to existing traders, although the percentage on offer differs to that of those who are depositing for the first time.

What Instruments Does ExpertOption Offer?

With ExpertOption, clients can trade a range of assets, including cryptocurrency, equities, forex, commodities, and stocks.

  • For fiat trading pairs, ExpertOption has all the major crosses, such as CHF, EUR, AUD, USD, NZD, and GBP.
  • The equities include Coca-Cola, Tesla, Amazon, and Baidu.
  • In terms of commodities, you can trade oil, silver, and gold.
  • ExpertOption truly excels in terms of its cryptocurrency offerings with Bitcoin, Ethereum, Ripple, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum Classic, Litecoin, IOTA, Monero, Tether, and Zcash.

What is a “Digital Option” or “Binary Option” ?

All instruments from ExpertOption are Digital Options. As such, these assets have asymmetric payouts with losses and gains capped by predetermined amounts.

This is a sharp contrast to futures or CFDs where the loss or gain does not have a cap. It is also important to note that with options, you have the right to sell or buy an asset at your predetermined future price, but this is not an obligation. If you choose a PUT option, you short the underlying price. If you select a CALL option, you go long on the underlying asset.

The payout will either be set at 0 or a percentage of invested capital, with the percentage ranging from 70 to 90 percent at ExpertOption. The expiry times for Digital Options on ExpertOption are limited to just several minutes.

Some reviews indicate you can only set expiry times of one or two minutes, but the demo version of the platform also has options for three, four, and five minutes. Most likely, ExpertOption expanded its expiry time choices at some point following reviews that state otherwise. Some traders would rather have longer expiries, as well, such as daily or hourly.

A digital option has a fixed payout if the underlying asset moves past the predetermined threshold or strike price. The loss is also fixed if the underlying asset doesn’t move past the threshold. A digital option depends on one proposition, which is whether the underlying asset expires in the money at the expiration date and time. If the underlying asset expires in the money, the option is automatically paid out with the trader receiving the profit or the loss being logged in the account. Digital options payout profits, but are not exercised like vanilla options which provide the potential for ownership of the underlying.

It is also referred to as a “binary” or “all-or-nothing option.”

ExpertOption Demo Account

ExpertOption offers a demo account for clients to explore the platform and hone their skills before investing real money. The demo account comes with a balance of 10,000 in virtual money. No registration is necessary. As soon as you click on the link, you will be shown a brief video titled “How to trade” to give you a guide to using the platform.

The demo account is extremely useful, as the pricing is identical to the figures listed on the live account, providing you with an accurate idea of how your trading style would work with ExpertOption.

The fact that you do not need to register to create a demo account helps set ExpertOption apart. This means that you do not need to provide any personal data to get a feel for the platform or for trading digital options, like those on ExpertOption.

Many people feel more secure knowing ExpertOption will not have any data on them prior to registration. Additionally, the lack of registration required for a demo account also means there is no way for ExpertOption to pressure you into opening a real money account following the demo. After all, the broker will not have your contact information.

ExpertOption Deposits

To make a deposit, go to the Finances tab on the main bar to the left side of the trading platform. Click the Deposit tab (which should open by default). Choose your deposit method, currency, and amount, then hit submit.

Deposit options include major credit and debit cards, such as Visa, MasterCard, and Maestro, along with cryptocurrency and other options. These other options include UnionPay, WebMoney, Neteller, Skrill, Perfect Money, QIWI, Fasapay, and Yandex Money.

During the process of depositing funds into your account, keep in mind that the minimum deposit for ExpertOption is just $50. With this deposit size, you will have a Basic account. There is also a maximum deposit size set to $3,000, likely due to payment limits.

ExpertOption Trading Platform

Most competitors in the world of digital options choose to use an existing platform instead of creating their own to save time. However, ExpertOption created its own platform, so it could be fully customized and tailored to the needs of the average ExpertOption client.

This means that the platform from ExpertOption perfectly integrates all the features the broker offers. The downside is there are no outside support resources available for the platform.

Even so, its intuitive nature combined with ExpertOption’s customer support means that outside resources are not likely to be necessary to understand the platform.

Trading on ExpertOption

You can easily view the trading platform yourself by clicking on “Demo Account” on the homepage. The focus of the platform is the main graph, which displays prices of your chosen asset with real-time figures.

The main graph lets you hover over any point and see the specific time as well as the price at that point.

The top-left corner of the graph features a drop-down menu where you can select one of the 100 or so stocks and assets to view. Here, you can either choose one of the top instruments, use the search bar, or browse by asset type.

To the right of each instrument, you will see the current percentage and percentage change. After selecting your asset, select from one, two, three, four, or five minutes.

When you hit “Apply,” the graph will update automatically, as will the information in the sidebars. It is also possible to adjust the layout of the chart and split it, so you can view the charts for more than one asset at a time. This last feature is particularly helpful for those who trade multiple markets.

Use the controls on the graph to view past prices at your preferred date. To the right of the asset drop-down menu, you will find useful tools to help you analyze the price graph. They are divided into buttons for charts, indicators, drawings, and social trading.

Use these buttons to switch among four chart types: area, line, bars, or candles. Indicators include MACD, awesome oscillator, RSI, fractal, parabolic SAR, alligator, Bollinger bands, and moving averages.

Clicking on any of these indicators lets you customize it fully. Using the drawings button, you can add rays, vertical lines, or horizontal lines.

Clicking the social trading button toggles icons of trades from other ExpertOption clients either on or off, so you can view when and how much they traded.

To the right of these buttons, you also have the choice of three different layouts to choose from.

The trading panel is near the bottom of the graph. It displays the deal amount of a given trade, as well as your potential profit. As you adjust the deal amount, the profit is automatically adjusted.

You will notice that the potential profit is represented as a percentage on the red and green buttons on the right side of this panel. Immediately above each button, you will see the potential profit or loss. You can also adjust the strike rate here.

Along the left side of the screen, you will see buttons for Trade, Finances, Profile, Apps, Analytics, Education, Help, Setting, and Exit. The Trade button displays the graph and all the above features.

The Finances button shows you details of your account, including the type of account you have and your balance. This is also where you can submit deposits and withdrawals. The Profile section shows your trading history.

To the right side of the screen, you will see three options for Deals, Trends, and Social. Clicking on Deals opens a sidebar on the right side of the screen that displays your most recent deals.

Selecting Trends displays trends in a right sidebar, with your choice of one-, two-, and five-minute intervals. All asset types appear on this list, with commodities, forex, cryptocurrencies, and more mixed together based on trends.

The Social button on the right opens a sidebar dedicated to the social features of ExpertOption in the same place. At the top of the sidebar, you will see totals, including the number of users online, the volume of opened deals, and the number of open deals.

Directly below this, you will see the opened deals regarding your currently selected asset. These deals are divided into sections based on their length, including one, two, three, four, and five minutes.

You can adjust which deal length’s data appears on top by clicking on the asset on the top-left corner of the chart. For each deal duration, you will see the number of deals opened, the deal volume, and a ranking of the top five traders by profits (so far) with the given deal.

ExpertOption Withdrawals

There are more than 20 different payment systems that ExpertOption works with for withdrawals. In terms of credit and debit cards, you can use MasterCard, Visa, Maestro, or Union Pay.

Account holders can also utilize electronic payment methods, including Fasapay, Perfect Money, Skrill, and Neteller. Or you can withdraw via Bitcoin.

Remember that when withdrawing funds, you must withdraw it via the same method as your deposit, up to the amount of the deposit. After you have withdrawn your initial deposit, you can choose a different withdrawal method for the rest of the funds.

This is a standard practice across brokers of all types since it helps prevent money laundering.

You must withdraw a minimum of 10 USD at a time, and withdrawal requests get processed within two working days. Depending on the type of withdrawal, you may need to send ExpertOption additional documentation via scans. In this case, the request for those documents will occur via email.

ExpertOption Fees

ExpertOption does not charge commissions on transactions. However, your payment aggregator or payment system may take a commission.

ExpertOption Analysis Tools

ExpertOption has a range of technical analysis tools, including trend lines, four types of charts, and eight indicators.

Via the platform, you can also go to the Analytics page to view additional resources. Here, you will find a tab filled with relevant news, followed by tabs dedicated to Assets and Stocks. The Stocks page displays the various supported stock exchanges on a world map, complete with time zones.

Clicking on any of the stocks will give you a brief summary of the exchange, along with its headquarters, founding year, revenue, and work time.

ExpertOptionTrading Signals

Via its inclusion of social trading elements, ExpertOption does include trading signals. While the platform does not directly refer to these signals as such, the social signals are essentially trading signals. You can use the signals on all assets.

Education for Traders

Because ExpertOption aims to make trading accessible to all, it includes a sizable number of educational tools. If you click on the Education button on the trading platform, you will find a range of videos on the “How to get started” tab.

This includes quick videos to explain the platform toolbar, graph types, social trading, deposit methods, how to trade, assets, and a tutorial. Or you can go to the “Education” tab for access to a glossary, fundamental analysis, graphical analysis, technical analysis, trading strategies, and psychology of trading.

Each of these sections includes detailed information on a range of relevant topics, complete with images, graphs, and infographics. You can also access each of these educational sections via the Education page on the main navigation menu of ExpertOption’s website.

Regardless of your access method, the educational materials on ExpertOption are truly in-depth. Just within the category of trading strategies, you will find guides to Engulfing Candlestick, Squat Candlestick, Tweezers, Three Methods, Breakout, Reversal Moving Average, Bollinger Band, and Alligator Trading Strategies.

Each strategy explanation includes a description as well as a guide to how to use it, along with examples via charts.

Within the category of technical analysis, you can find specific guides for Alligator, Moving Averages, Bollinger Bands, and Trend, support, and resistance lines. Once again, each guide has a detailed description that includes images and charts as well as information on how to use that particular analysis.

Graphical analysis topics include Candlestick Analysis, Trend Continuation Patterns, Trend Reversal Patterns, and Fibonacci Retracements and Elliot Waves. Within the educational materials for fundamental analysis, you will find a guide to basic fundamental indexes.

The section dedicated to the psychology of trading is particularly interesting, as this is an educational category that most brokers do not offer. There is an overview as well as sub-topics focusing on Successful Traders, the Psychology of Traders, and Individual Trading Psychology.

ExpertOption Social Trading

ExpertOption also offers social trading, which lets you trade with friends or watch and follow global deals. In fact, ExpertOption markets itself as the leader for social trading networks. With the platform’s social trading, you can trade with friends and investors or watch them open their own deals in real-time.

This part of ExpertOption includes Top Investors, so you can follow the results of VIP traders and learn from their actions. ExpertOption also encourages clients to try to become a trading leader in their own countries.

To further enhance the social aspect of ExpertOption, the platform has groups on social media platforms, including Facebook, Instagram, Twitter, and YouTube.

ExpertOption Apps

To fit the company’s goal of making trading accessible, ExpertOption is available via mobile or desktop apps. Those who want to use the mobile application can download it via the Apple App Store or Google Play Store or just download the APK.

The desktop apps are available for either Windows or macOS. Alternatively, you can access ExpertOption without any downloads via your browser since the trading platform is compatible with all browsers.

As is commonly the case with trading platforms, most traders will find the downloadable desktop platform to be the most efficient method of using ExpertOption. The order execution also tends to occur more efficiently on the desktop platform.

The mobile applications are both highly rated in their respective application stores. The iOS application has a 4.8/5 rating from 19 ratings, while the Android application has 36,164 ratings and reviews, leading to a score of 4.4 out of 5.

The Android application has been installed over a million times but does not list the supported languages in the description. By contrast, the iOS application does not list the number of downloads but lists all 21 supported languages.

The application descriptions for Apple and Android devices are identical, both reminding users that the platform currently offers services to more than 9 million traders in more than 150 countries.

This mobile application includes access to the free demo account, quick withdrawals to a bank card or one of the more than 10 e-wallets, access to more than 100 trading instruments, professional trading conditions, the full range of account types, 24/7 customer care, technical indicators, and instant execution of trades.

However, keep in mind that the small screen size of mobile devices limits the ease of use for features related to technical analysis. As such, those who engage in technical analysis will likely want to use the desktop or web version of the platform.

ExpertOption Bonuses

ExpertOption does offer bonuses for new clients, although these bonuses are not clear via the website. Reviews state that the bonuses can be as high as 100 percent.

At the same time, most reviews caution users to read the details regarding a bonus since these promotions tend to have strict requirements for receipt.

A bonus can also lock up the funds you deposit until you reach the agreed-upon turnover volume. Essentially, while ExpertOption does offer bonuses, you should carefully read the terms of them before taking advantage of one. It is also possible to cancel a bonus if you have not used it yet.

Who Can Use ExpertOption, and What Languages Does It Support?

As previously mentioned, ExpertOption clearly indicates a list of countries and regions from which it cannot accept clients. These include the United States, Canada, Switzerland, New Zealand, Australia, Israel, the European Economic Area, North Korea, Japan, Sudan, and Puerto Rico.

To appeal to all clients within the jurisdictions where ExpertOption can operate, the website is available in 15 different languages.

These include English, Chinese (two variations), Thai, Hindi, Korean, Vietnamese, Arabic, Turkish, Bahasa (Indonesian), Bahasa (Malaysian), Portuguese, Spanish, Polish, and Tagalog. All 15 of these languages are also available for the web version of the ExpertOption trading platform. While the website is available in those 15 languages, phone support must be in English or Hindi at this time.

Reviews indicate that ExpertOption previously offered phone support in Thai, as well.

ExpertOption Customer Support

You can take advantage of ExpertOption customer support in either English or Hindi. The English support comes with its own email contact and phone number and is available 24/7.

The Hindi support has a unique phone number and unique email address with support from 10:30 to 19:30 India time.

There is also an online chat and the ability to fill out a contact form. 24/7 customer care from ExpertOption is also available via the mobile applications.

ExpertOption Regulation

ExpertOption is fully licensed by the SVGFSA, a governmental financial authority that allows the company to provide financial and trading services.

Currently the platform can be accessed from most locations worldwide, however ExpertOption is not authorised to accept U.S. citizens, although the platform is considering further expansion into new territories.

EO.Trade

EO.Trade is a full Cryptocurrency Exchange from the same company as ExpertOption which will allow you to trade 4 coins currently and also allows for direct fiat purchases.

This was funded by a crowd-sale for their own EO Coin which will be usable throughout the ecosystem.

EO.Finance

We have covered the company behind ExpertOption before here on Blockonomi where we looked at their EO.finance wallet.

This is a Cryptocurrency wallet which allows you to purchase Cryptos with fiat, with this you are actually purchasing the assets themselves and are then able to transfer them out to your wallets for holding or trading on other platforms.

Is ExpertOption Safe to Use?

To protect client security, ExpertOption is verified by MasterCard and Visa. This is done via Verified by Visa and Mastercard SecureCode status. ExpertOption also has icons for Cert Trusted Secure and PCI DSS Complaint.

It also encrypts all data using the strongest cryptographic algorithms. The website uses SSL encryption, so all information sent over it uses AES 256 encryption. You can confirm this by viewing the lock icon by the URL in your browser and via the fact that ExpertOption uses an https:// address instead of an http:// one.

ExpertOption earned the title of “Best Trading Platform” during the China Trading Expo Shenzhen in May 2020.

Although the broker does not list any other awards in an obvious place on its website, it does also have mostly positive reviews from users and independent websites.

Conclusion

ExpertOption is a trading platform choice for those who want access to more than 100 digital options. This is not an ideal platform for those who want to engage in traditional cryptocurrency trading but is useful for those who want to trade options with binary outcomes at their expiration.

The platform is easy to use and provides more than educational resources. The social element of ExpertOption is also particularly useful, particularly for beginners and those who like to compare their trading strategies. It stands out with its cryptocurrency offerings since many brokers are only beginning to offer this type of asset while ExpertOption has several.

You should be aware of your countries regulations when it comes to trading these types of instruments, many countries do not allow this type of trading and it is not recommended for complete beginners as it is possible to quickly lose money if you do not know what you are doing.

Overall, ExpertOption offers a very user-friendly website and platform and a low minimum investment, which helps it appeal to a range of traders. Those interested in digital options should consider at least using the demo account, particularly if an element of social trading is important.

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