ExpertOption Review

ExpertOption is a foreign trading platform established in 2014. This trading platform is available and functional across 150 countries. ExpertOption is a mobile brokerage trading platform that provides access to the user to trade any financial asset from stocks to indices. The platform offers easy and fast withdrawals and deposits. The payments on the application are supported through various platforms such as Visa and Skrill. Along with the companion website, the application has its niche users. The trading app is compatible with both Android and iOS devices.

The application allows trading in binary options. A binary option is a financial instrument that diminishes every trade to either a simple yes or no question: one ascertains whether a market is most likely to be above a certain price at a certain time. One can shop if they genuinely think it will be. If you believe it will not be rising, you can sell. 

The process of trading is defined below.

• Firstly, the trader is required to choose the asset they want to trade.
• The trader can further choose the expiration time that is when the deal will eventually be closed. The time starts from as low as 53 seconds.
• The trader is then expected to select the amount of money they are comfortable risking and then determine their forecast.
• Lastly, wait for the trade to close to see if your prediction was correct. If it was, the sum of your investment plus the asset’s profit would be added to your balance. The investment
• would not be returned if your forecast was incorrect.

Features of the trading platform

The trading platform is a trusted platform with a thousand of users daily trading in different financial assets. The best features of the trading platform are listed below.

• Demo Account- The trading platform is equipped with the facility of practicing trading in a demo account first. 10,000$ of virtual money is entrusted to the demo account for the practice. With this money, a trader or investor can practice and develop strategies risk-free.

Other than that, there is a real live account where you can start trading. It is very easy to alternate between the real and trading account.

• Social Community- The application supports the viewing of global deals and following and communicating with top traders. This feature of the application allows the creation of a community of trading who can exchange information and trade secrets.
• Thorough analysis- The application features lots of powerful analytical tools. These tools help in compiling in-depth market research. These technical tools such as charts, graphs, indicators, and trend lines help in the determination of the performance of the asset in the future.
• Low trading funds- One can easily start trading on the platform with funding as low as $10. So, trading can be initiated with a little amount of money. Hence, it is good for the beginners. However, the risk is inevitable in the territory of trading. There is always a 50-50 chance of either making a profit or loss on both a small or large amount.
• Education- The companion website of the application has a separate platform for the education and training of people about financial news, various tools for analysis, and the psychology of trading. The education section has a set of webinars and tutorials attributed for the practical aspect to trading.

All these features make the application a trusted platform. The application is available worldwide and is ranked the first number in over 40 countries. Due to its presence across the world, the trading platform is commonly used for forex trading.