Incorporated in 2014, the Expert Option broker is one of the best option platforms in Kenya today.
It is licensed and regulated by VFSC under registration number 22863 IBC 2015.
Unlike all options brokers operating in the country today, ExpertOption has a good track record on customer service, easy deposits, fast withdrawals and general customer support.
In fact, it is one of the largest brokers to have adopted Mpesa early enough to contain bank decline issues that Kenyan traders have been facing.
If you don’t have a trading account already and are thinking, “now which broker’s best,” this is it. No need to search any further
A quick overview of the Expert Option Broker
- Name: Expert Option
- Incorporated: 2014
- Regulation: Government financial commission VFSC
- Headquartered: St. Vincent and the Grenadines, license number 22863 IBC 2015
- Type of account: Live and demo account
- Company contact: 1510, Kingston town
- Activity supervisor: FMRRC organization
- Awards: Yes
Interesting Expert Option Features:
As already stated, this broker brings a fast trading experience with their trending technology.
The broker takes pride in their ability to provide precise quotes without delays when implementing trade orders. For traders aiming for 24hrs non-stop trading, Expert Options has you covered because their trading platform is available 24/7.
As of now, the company offers over 100 trading instruments, which consists of well-known stocks like Facebook, McDonald’s, Apple, etc.
How to Open an Account in Expert Option
Opening an account with the E.O broker requires a minimum of $50 investment. To provide additional security for trader’s investments, clients are taken through KYC procedure for identification, validation, money laundering, and fraud prevention.
Most times, brokers ask new customers to present files to verify their address and identity. The type of documents required is not listed on the website; however, it’s logical and safe to assume their requirement is the same with other brokers.
To open an account and start trading in expert Option,
- Download the Expert Option App – Here’s the APK
- Practice trading on a demo account – has $10,000 demo units – use them to trade on real market – risk free
- Deposit funds to start trading on a live account – Expert Option minimum deposit is $10 – minimum trade amount $1. You can fund your account with Mpesa, Credit and debit cards, MasterCard or via e-wallets.
- You can now trade ad earn.
Strategies for Winning in Expert Option
- Use These Tips, Tricks And Cheats to Win More in Expert Option
- ExpertOption Review 2019 | A Beginners Guide to Profitable Trading
- Expert Option Kenya Review | Direct Mpesa Deposits Accepted
Social trading strategy in Expert Option
Among other brokers offering social trading, Expert Options stands at the top of the network.
Social trading involves trading with your friends or other investors by copying their trade in real-time. A trader who has little or no trading skill can make money using this strategy.
Expert Option Minimum account deposit and account types
Although many options brokers offer just a single or two types of account for their customers, E.O offers 5 different types of account and each has its peculiar benefits.
The minimum investment for the basic account is $50 and it allows clients to move to higher status at the time they are ready.
The silver account is another account offered by the broker. It is the most frequently subscribed account with a $500 deposit as a minimum.
Features of each account
The basic account allows access to the entire educational resources provided by Expert Option.
Traders have a maximum of 10 trade transactions executed at a given time with at least $25.
The silver account holder has access to a personal manager, with maximum trade transactions of 15 and $250 as the maximum trade deal.
The silver account also has access to news feeds that presents market reviews and financial trading research.
Gold accounts on the other hand include 30 trades opened at the same time with $1,000 for each trade transaction. And a 2% increased trading profit and priority fund withdrawals.
Customers with a platinum account in Expert Option enjoy a $2000 maximum deals and unlimited numbers of deals that can be opened at the same time.
There is also the exclusive account which is offered by invitation. E.O offers an investor of this account a senior personal account manager, $5000 maximum trade deals, augmented asset margin of 6%, and access to trading strategies.
Is Expert Option a Regulated Broker?
E.O is authorized and regulated by the Vanuatu Financial Service Commission. Also, the company’s activities are approved and supervised by the Financial Market Relations Regulation Center. The FRRC is an organization based in Russia that operates without governmental influence.
Expert Options Scope of operation:
E.O does not extend their services to residents or citizens from these countries, Puerto Rico, United States, Canada, EU, Switzerland, New Zealand, Australia, Sudan, Japan, and North Korea. The reason for the limitation is probably due to the rules and regulations relating to binary options trading in these countries.
Trading CFDs in the UK is legal, however, the FCA is recently considering imposing further legislation on companies operating BO trading.
Trading with Expert Option on the rest of the countries is however – somewhat OK.
Finance and trading:
Expert Option is also operating as a complete cryptocurrency exchange company. They allow customers to trade 4 digital coins and direct fiat orders.
The EO finance wallet enables clients to buy trading instruments that can be transferred to their wallets for trading or holding purposes on another platform.
Unlike other binary options traders that opt to use already existing trading platform, Expert Option chose to design their very own custom trading platform.
The objective of creating a customized platform is to satisfy its customer’s needs.
It is easy to navigate the platform and get all features.
Fees and Commission
Expert Option operates zero commission fees deposit and withdrawal; however, your preferred payment system may charge your account a funds transfer fee.
Customers can easily assess Expert Option trading and news analysis tool. The tools are located on the trading platform.
Is it safe to trade in Expert Option?
Despite being dully licensed and regulated, E.O is validated by Visa and MasterCard.
Their safety competitive advantage is the use of the best cryptographic algorithms to encrypt their entire data. In addition, EO uses an SSL encryption to ensure user data protection.
Considering the trouble Expert Option has taken to protect customer’s data the obvious conclusion is yes, the broker is safe to use.
Expert Option Contact Details
In conclusion, Expert Option is a binary option broker that is working hard to differentiate themselves from others through constant upgrades.
The broker’s platform is user-friendly and offers multiple educational resources.