Expert Option Review India 2023
ExpertOption India is the new Fixed Time Trade broker started in 2014 that is quickly gaining fame. It claims to acquire the position among the best Fixed Time Trade brokers in the market at the moment. ExpertOption has its registered address at ExpertOption Ltd. – 305, Griffith Corporate Centre, Beachmont, 1510, Kingstown, Saint Vincent, and the Grenadines. Registration Number 22863 IBC 2015. It complies with Russian non-government regulator FMRRC (Financial Market Relations Regulation Center). We have analyzed several aspects that can affect your business with Expert Option India, hence go through the Expert Option Review India 2022 before you do any business with them.
Expert Option India – Highlights
- ExpertOption offers Free Demo Account with $10,000
- Higher payout of up to 95% per winning trade
- You can trade more than 100 assets – Currency pairs, Stocks, Cryptos, and Commodities
- Trading starts with $10 deposit; you get higher benefits with higher deposits
Expert Option Review India 2022 – Expert Option is one of the most popular FIXED TIME TRADE providers in India. Because of the large traders’ base in India, ExpertOption offers support in Hindi.
ExpertOption Review India 2023
The ExpertOption broker offers a range of attractive features to its traders. However, the features and benefits vary depending on the type of trading account opened by the client.
This broker provides five types of trading accounts, depending on the initial investment. Every type of account has its features, and the traders should go through all the features before choosing the type of account they want to open.
Micro Account –
This account is for the clients who want to try Fixed Time Trade trading with minimum investment. Micro Account of ExpertOption starts with a deposit of $10. The minimum investment amount is $1. The clients can always upgrade to a higher status account when they are ready to do so.
Mini Account –
For clients wishing to open Mini Account, they require a minimum deposit of just $50.The client with Mini Account is assigned a personal account manager to help the client. The client also gets one private trading session to make himself familiar with the platform. Mini account holders receive the weekly economic newsletter. There is a 50-% bonus deposit allowed, but we request clients to know the Bonus Terms and conditions before availing any bonus deposit.
Silver Account –
ExpertOption Silver Account starts with a minimum deposit of $250. The Silver account holders get a personal manager and two private training sessions along with a weekly economic analysis. Also, the trader can avail of an 80% bonus. Still, we discourage availing Bonus as it brings in an additional restriction on withdrawal of your fund.
Gold Account –
ExpertOption Gold Account requires a higher minimum deposit of $1000. The trader who is investing such a huge amount in Fixed Time Trade trading, should have enough knowledge and be well versed with Options trading. Gold Account holders get a personal account manager and are entitled to 4 private training sessions. They also receive a daily economic analysis and a chance to avail 100% bonus. Fund withdrawals are processed with priority for Gold Account holders.
VIP Account –
The VIP Account is the most privileged account with ExpertOption. It is for professional traders, and it requires a minimum deposit of $2500. The VIP Account holder is entitled to a VIP personal account manager, daily economic analysis, and an individual educational plan. The VIP Account holders are eligible for a higher bonus amount of 125%, and the trader gets priority fund withdrawal processing.
ExpertOption Demo Account – Free and with $10,000 Demo Balance
ExpertOption India provides traders with a Free Demo Account that doesn’t need any additional downloads. In the demo account, traders get $1000 demo money so that they can try, test, and learn the Fixed Time Trade platform before starting to trade real money.
The ExpertOption also has its bonus terms and conditions, which can be found in the Terms section. The major limitation with the bonuses is that traders require an x50 turnover before requesting fund withdrawal. The traders can cancel any availed bonus but only before placing any trade after availing the bonus.
The Minimum investment with ExprtOption platform is $1, which is the lowest; it helps traders to test the Fixed Time Trade platform and the trading environment before investing a larger amount of money.
Is Expert Option legal in India?
Yes, Expert Option is legal in India. Expert Option has no mention of having legal issues for Indian traders on its website. It has clearly mentioned the list of countries it doesn’t accept traders. ExpertOption has its registered office in Saint Vincent & the Grenadines, 1510, Kingstown, Suite 305, Griffith Corporate Centre. The financial companies registered in Saint Vincent & the Grenadines has no restriction on doing business in India. ExpertOption has no mention of not accepting Indian clients. Hence, the trader may choose to open an account with ExpertOption India.
What are the main features of ExperOption?
Trading platform – The ExpertOption trading platform has been developed exclusively by the ExpertOption broker. The custom-built software is one of the major advantages with ExpertOption; it is fast, efficient, and full of trader friendly features. The proprietary trading software is easy to use, with customizable interface making it appropriate for both new and experienced traders. The software also includes indicators and analysis tools that enable traders to take on and perform a few technical tasks to improve their success rate.
Educational material – The ExpertOption’s website has an ‘Education’ Section full of educational and informative material. The material is enough to help a newbie trader get started and start trading in a short time. The ‘Education’ section has topics on trading Fixed Time Trades, indices or currencies, and advice and strategy for each type of trade. Also, a glossary of various Option trading related trading terms along with analytical information is available in the ‘Educational’ section. There are exclusive trading strategies available to the traders only.
Mobile trading platform – The mobile trading platform of ExpertOption is an efficient trading tool to help traders execute trades on the go within seconds. The mobile platform is available as an app that can be downloaded from Google Playstore or AppStore for Android or iOS devices. The Mobile App is an excellent option for traders who move around a lot but passionate about trading; the mobile App helps them execute trades.
Assets – The Expert Option broker offers a wide range of trading assets, including Forex trading pairs, Commodities, Gold & Oil, Stocks, and Indices. The Market Indices are the most popular assets traded by many traders using the platform since it includes stocks on the S&P500.
Trading signals – The trading platform provides traders a steady and endless supply of trading signals. The trade alerts and signals can help traders place relatively more profitable trades. The signals alert traders with “Strong Buy”, “Buy”, “Neutral”, and “Strong Sell” and “Sell” alerts. The traders can utilize these signals to take the right trading decision.
Frequently Asked Questions (FAQ) about Expert Option –
Here are some commonly asked questions about ExpertOption. These FAQs cover trading related questions, Promotion, and Customer support issues.
What are the Fund deposit and withdrawal methods are available?
The broker supports Credit and Debit Cards, Skrill, PerfectMoney, UnionPay, Yandex Money, Qiwi, PayWeb, Webmoney, and Neteller for fund deposit to the account. The traders can request fund withdrawal or profit withdrawal via a debit or credit card, i.e. Visa, Maestro, and MasterCard. The traders can also withdraw funds using eWallets like Skrill, PerfectMoney, UnionPay, Yandex Money, Qiwi, PayWeb, Webmoney, and Neteller.
In addition to above funding methods, Expert Option now accepts Indian payment systems like PayTM, UPI, IMPS, and Globe Pay. With addition of these Indian deposit methods, it is now quite easy to deposit funds into Expert Option Accounts in India.
What is ExpertOption’s registered address?
ExpertOption Ltd owns the company, and they are located in Saint Vincent & the Grenadines, 1510, Kingstown, Suite 305, Griffith Corporate Centre. The company’s registration number is 22863 IBC 2015.
Is Expert Option a regulated broker?
ExpertOption complies with a self-regulatory body by the name of FMRRC (Financial Market Relations Regulations Centre). There is no mention of ExpertOption complying with any reputed regulator on its website.
What platform does Expert Option use?
ExpertOptions uses its in-house platform developed by its developers for Options trading.
Do they offer a demo account?
Anyone can have a demo account with Expert Option. The demo account comes with $10,000 of virtual money for learning, testing of the platform by the traders. The traders can also try various trading strategies in the demo account before applying them to the real account.
What assets are available for trading on the platform?
Traders can trade 100 assets, which include indices, currency pairs, stocks, and commodities.
When do the assets expire?
The expiry ranges presented by the ExpertOptions trading platform range from 60 seconds to 5 minutes.
What are the minimum deposit and the lowest possible trade amount with ExpertOption?
A minimum of $10 deposit is acceptable to start trading. The minimum investment amount on ExpertOption platform is as low as $1.
Minimum withdrawal amount?
A minimum of $10 can be withdrawn from Expert Option account using the preferred payment method.
What are bonus deposits available for registered customers?
Expert Option gives up to 100% percent of their initial deposit as a bonus to the traders. Traders can also get from 25% to 125% on subsequent deposits into the account.
In addition to the bonus, the company also offers advantages like a personal account manager, trading analysis, and priority withdrawal, etc.
What are the different account types available to traders using ExpertOption?
ExpertOption traders can choose from five account types based on the amount they deposit. The “Micro Account” is for those who make a minimum of $10 deposit. The Mini Account requires a $50 deposit, Silver Account requires a minimum of $250 deposit, and the Gold Account requires a minimum of $1000 deposit. Finally, the VIP account comes with a minimum of $2,500 deposit, which also offers an extensive list of exclusive benefits.
What is the payout with ExpertOption per trade?
ExpertOption traders can expect up to a 95% payout on all their winning trades. So, if they invest $100 for instance, the winning trade will get the $95. The $5 is deducted by the broker as a commission.
How do you contact ExpertOption customer support?
ExpertOption Customer support is available via a few channels including email, phone, web forum, and online chat. It has started support in the Hindi language for Indian traders.
ExpertyOption India – Final Words
ExpertOption is one of the few trusted brokers for Fixed Time Trade trading. It has started support in the Hindi language for Indian traders. Traders from India can contact support on 800 443 0002 from 1030 to 1930 IST in the Hindi language.
- Minimum amount to start trading is $10
- Free Demo Account
- Customer support in local language
- Higher payout for VIP accounts
- Fund withdrawal takes up to TWO days to process, which is too high compared to other brokers
After a thoruogh analysis of features, Pros and Cons of ExpertOption during this review, we can conclude that ExpertOption is a legitimate Fixed Time Trade broker. It accepts Indian traders. Indian traders can open accounts with ExpertOptions. However, it is always better to try it in a Risk-Free Demo Account before going for any investment. Also, check out other Binary Options and Fixed Time trading brokers review.