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Join the best broker with the best Affiliate Network
Traders wishing to open an account with ExpertOption have a wide range of options including the most traditional to the more contemporary e-Wallets banking methods. The minimum deposit amount is just 10 dollars and this makes the site a simple and easily accessible one. This amount is the lowest in the industry and is a good motivating factor to new traders who would wish to gain trading experience. ExpertOption has a very quick and efficient withdrawal and deposit system which guarantees short turnaround times with a good customer support facility. All traders’ funds are held in European banks that are secure and which enable traders to have a peace of mind when trading.
Questions Before Making The Selection Of The Binary Broker
The binary trading has come a long way and has been flooding with many players. These brokerage houses or the websites offers the same thing but with some distinct benefits to differentiate themselves. Though every binary brokerage site looks the same, there are some key parameters which one must consider while making the selection.
Our endeavor here is to provide you the list of questions which should form the basis of your ultimate selection. Though the list is not an exhaustive one, it definitely provides the fair idea on each of the key selection parameters and why that parameter is important in the selection process.
Expert Option License
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 the Vanuatu Financial Service Commission, and the FMRCC in Russia. Their payment processor is: Vested LP, 28 October avenue, 317, Limassol, Cyprus. 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.
What is Expert Option?
This broker is a relatively new entrant in the binary options trade and it is owned by Expert options limited located in St Vincent and the Grenadines. They have a trading platform that is simple and easy to use. Their trading assets include most Forex Pairs, Market Indices like S&P500 and Oil. They offer competitive payouts on various options with a record breaking time duration of 5 minutes. One can also select a time frame of between 60 seconds and 5 minute expiration. Longer time frames are expected to be in effect soon. This broker is widely recognized in Russia because they are licensed by CROFR (Financial Market Relations Regulation Center). Their website is in the Russian and English languages. This broker was established in 2015 and it is a relatively new entrant in the binary options trading scene. The site has popularity in Russia and features other languages like English, German, Italian, Spanish, Portuguese and Hindi languages. The broker has taken advantage of their trading platform to meet the needs of binary option traders.
The robust customer support will assist you on all walk of the trading as well as ongoing support for the future queries you may have. The availability of local phone or local language is the most preferred though not an essential requirement. You should assess the customer support on the basis of your preferred way of communication.
All the above question should be asked while evaluating the brokerage site. Though the list is not an exhaustive one, the above are the minimum question which one should ask while conducting the assessment. The above questions will help you assess the brokerage house better and should also help you not to fall prey to the scam artists. We would also recommend you to read our review on various brokerage houses to get an unbiased view of the services rendered by these operators.