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Contents

Ethtrade Review – Is Ethtrade a Scam or Legitimate? Read Before You Invest

by Alex Y · Published · Updated

You probably heard about Ethtrade through a friend or family member. You could have also seen an advertisement via one of the many social media platforms. Either way, you want to know whether Ethtrade is a scam or a legitimate Ethereum trading platform. Almost everyone thought Ethtrade is a legitimate company, it is not. Read this unbiased review before you invest.

Alert: Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong.

Added to the SFC Alert List is the company Ethtrade Limited, operating at www.ethtrade.org.

According to the SFC, Ethtrade Limited’s Hong Kong address belongs to a secretarial company.

What is Ethtrade?

Ethtrade was founded in August 2020 by Eric Bondi and Michael Frendowski. The online trading platform (ethtrade.org) was launched in April 2020 and Ethtrade Limited (2398217) was then registered in July 2020 in Hong Kong.

Ethtrade is a classic Ponzi scheme that claims itself a trading company that deals with Ethereum and promise its investors up to 25% return on a monthly basis. The Return On Investment (ROI) does sound attractive for passive income.

Unfortunately, if you think it is a legitimate trading company, it is not true.

Ethtrade disguises as an investment company. From the official website, one can notice it is a High Yield Investment Program (HYIP) scam that aims to steal your hard earned money. Why? There are a few red flags I managed to pick up.

Ethtrade Review – Is Ethtrade a Scam or Legitimate?

#Red Flag 1 – New Site and Unknown Identity

The first red flag is the fact that Ethtrade is unwilling to share any basic company background with you. Their domain was registered in February 2020 and domain whois showed the setting is private but the website itself is registered in Nassau, Bahamas.

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The registrant’s name doesn’t show up. I have tried to search for the person who is running the scene on the internet and nothing appears. This is a clear warning that the scammer does not want to reveal his or her real identity to avoid detection.

If a company is not upfront and willing share basic information about the company, then it is either a scam or not worth your time and money.

#Red Flag 2 – Vague Investment Information

Obviously, there is a lack of details on how Ethtrade manages the money from the investors such as underlying insights, strategies, goals and techniques. Ethtrade tends to be vague about the strategies used in their program.

Moreover, they have given incorrect information about what Ethereum is and its benefits.

Most importantly, given that Ethtrade is an Investment Service, it should be regulated by the Securities and Futures Commission (SFC) of Hong Kong. There is, however, no record of the company in the public register.

Worst of all, Ethtrade is an unlicensed investment company according to SFC. They adopt names similar to legitimate financial institutions to confuse investors. That also means if you deal with a company like Ethtrade, which is not licensed by the SFC, you may not be protected by the regulatory framework enforced by the SFC.

This is your hard earned money, please do not be afraid to ask questions. A genuine financial professional will usually be happy to explain in detail the investment program they are marketing. Unfortunately, Ethtrade fails to do so.

#Red Flag 3 – High, Unsustainable 25% ROI

I have years of experience in investments. Historically, investments in most large corporate stocks return less than 10% per year. Usually, HYIP scams offer between 1 percent to 2 percent daily profits to its members.

The Ethtrade discloses their investment plans with no aim to hide its absurd and unsustainable returns. The provided calculator shows how it earns you a 25% ROI on monthly basis. To me, it is a total nonsense.

The funny thing is the investment plan returns a perfectly steady positive income percentage regardless of any external variable such as price volatility. Don’t you think this sounds a little fishy?

The ROIs that they claim on the official page clearly indicate that the investment is actually a Ponzi scheme or a junk bond that may never increase in value and has a high rate of default.

#Red Flag 4 – Removal of Partners’ Logos

In June 2020, ethtrade.org used to have logos of ConsenSys, Maker, Slock.it, Digix and EtherParty at the bottom of their home page. All of these companies have then requested them to take down the logos as they have never worked with Ethtrade.

#Red Flag 5 – Sign of Ponzi

Ethtrade offers offer referral commission program that looks really fancy. It is a good way to make extra money. I understand that most investment companies offer affiliate programs, but by looking at what they are offering, it does look like the entire “trading” system is sustained by it’s Ponzi scheme.

For a real investment company, this would equal giving away the entire (if not more) profit margin. This is a typical trick from most of the HYIP on the market. They offer to reward “referral fees” to investors for bringing in additional members.

That’s how a Ponzi scheme is operated. They recruit new members to sustain the pyramid scheme. They need “new” money to generate “returns” for the older investors by acquiring new investors.

It is a fraudulent investment scheme where they pay returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.

It is a pyramid scheme that typically collapses in the end because it requires exponential increases in participants to sustain the business model. That simply means the scheme cannot go on forever.

Ethtrade probably still pays their investors for now as the program is still relatively new on the market. When there is insufficient investment fund from the new recruitment to the older investors, the entire structure will collapse.

Conclusion

I am not a fan of these HYIP programs. It is very rare that I recommend them because there are some things you need to know before you dive into this and throwing your hard earned money around.

Every investment carries some degree of risk, which is reflected in the rate of return you can expect to receive. If your money is perfectly safe, you’ll most likely get a low return. High returns entail high risks, possibly including a total loss on the investments.

Fraudsters like Ethtrade spends a lot of time trying to convince people that extremely high returns are “guaranteed” or “can’t miss.” They try to plant an image in your head of what your life will be like when you are rich.

Don’t ever believe it.

Based on my observation, it is very clear that Ethtrade is an investment scam.

I reviewed some other similar HYIP in my blog too like Coince, Amaing 5 and Capital7. They both work the same way as Ethrade.

Ethtrade works pretty similar to Forex Paradise, where the company claimed it was registered in Hong Kong and survived for three years. Many victims lost their hard earned money in October 2020 when they disappeared of all sudden.

Why do people keep joining HYIPs knowing that they are Ponzi schemes?

GREED!

All these Ponzi Schemes aim at people who want to get rich quick and do not want to take the tried & tested route of – hard work = success.

Most people want to make lots of money quickly and the legal options are often very limited (e.g. Lottery). When a product promises to give you exorbitant returns, people tend to believe it due to our greed.

However, most of the people end up losing their savings and hard-earned money.

I wrote an article on How to Invest Online Without Being Scammed. This should serve as a reference when you look for a legitimate investment company on the internet.

Rare Opportunity to x10 your investment

Etherparty is selling 40% of their “IPO” token in their presale and the token that is purchased at the price of $0.10 during the presale and public ICO (now). Tokens that are owned will be priced at $1 USD or the highest traded market price in the later stage. It is definitely a superb investment opportunity. Read more about this “IPO” on Is It Worth Buying FUEL Tokens Through Their ICO?

Please note that it is a capped token sale, which means the number of tokens for presale is limited. The presale will be closed once tokens are sold out anytime between now and the public crowdsale on 15 th September 2020.

Recommendation

Why get scammed by HYIP that only run away with your money and not putting your hard-earned money in a legitimate investment opportunity such as Bitcoin? The world is becoming ever more reliant on the internet.

So, really:It is no surprise that Bitcoin, a secure, global, and digital currency has claimed the interest of investors. Bitcoin is open to everyone and provides an exciting opportunity to delve into an entirely new asset class.

Bitcoins are scarce and useful.

Let’s look to gold as an example currency. There is a limited amount of gold on earth.

As new gold is mined, there is always less and less gold left and it becomes harder and more expensive to find and mine.

The same is true with Bitcoin.

There are only 21 million Bitcoin, and as time goes on, they become harder and harder to mine.

How to Invest in Bitcoins and Where to Buy

The difficulty of buying bitcoins depends on your country. Developed countries have more options and more liquidity.

Coinbase is the world’s largest bitcoin broker and available in the United States, UK, Canada, Singapore, and most of Europe.

Final Word

I don’t like the reliance on Ponzi scheme in order to make bad money. I do not believe in HYIP because they are too risky and most of them are not legitimate.

If you really want to make some investment, you could possibly look into legitimate companies such as Genesis Mining. It is a company that sells mining contracts for Bitcoin and Ethereum.

At the time of writing, Ethereum has just risen from $10 to $50 in March 2020. From this recent hike, I have made approximately 400% profit ($21,300) from Ethereum that I purchase from Coinbase. It is one of the most promising cryptocurrency as it has recently been recognized by a few big brands such as JPMorgan Chase, Cisco Systems, Inc, Bank of New York Mellon Corp, Microsoft, and other 30 big corporates to create a partnership know as the Enterprise Ethereum Alliance (EEA).

Read more about Ethereum in this post – What Is Ethereum and How to Make Money With Ethereum?

Expert Advisors Reviews

Have you ever wanted to hire a professional price action trader to manage your funds? If so, the Inertia Trader may be your solution. Here is out our honest review of this interesting trading robot.

Strategy

The Inertia Trader looks for serious market moves and then uses a proprietary algorithm to asses the likelihood of a continuation. It follows the market’s inertia, as the name suggests. This makes it a “breakout system”. Although all trading strategies carry a certain level of risk, this one does not use tricky concepts, such as grids, martingale or hedging. On the contrary, it trades the same way a lot of manual traders would – it waits for a break of a key support/resistance level and follows up, if it believes it to be a real breakout.

When it comes to risk management, the system uses a risk to reward ratio of 1:3, according to the developers. The stop-loss and take profits are set when a new trade is being entered. While that may be the case a quick glance at the recent trades reveals not all of them are closed at a stop-loss or take-profit level.

Historical Performance

The track-record of the Inertia Trader is being tracked on a verified MyFxBook account, which is being traded at FX Choice. The gains for about a year and three months worth of trading amount to aproximately 723%, which is impressive. When looking at the growth chart we can determine a few things:

Most importantly, the developers appear to be honest about the strategy behind the Inertia Trader (do not take this for granted with all vendors). The chart has a fairly random-looking slope. This is what you should expect from such trading. Grid-based systems usually have a lot smoother charts.

Furthermore there is a prolonged period of time in which the system isn’t going anywhere. This is basically the first half of 2020. Here is a zoom on this period:

While this may have frustrated the people running this robot, it is to be expected with such technical systems. The market does not always cooperate with the set-ups you trade. Here is a look at the drawdown chart, which illustrates the negative period:

The Inertia Trader frequently hovers around the 20% mark, with the peak being above 40%. Some traders will probably not be able to tolerate this, but keep in mind, this is a system which closes loosing trades with a hard-stop. It does not carry massive losing trades, hoping for a market turnaround.

The average pips per trade score of the Inertia Trader is very high, when compared to most of what is offered, 10.3. We do not recommend trading with EAs scoring under 3 pips/trade, while 5 is a more solid guideline. As a comparison, the Cash Cow Signal EA only scores 0.9 in this department, which makes it less viable of a system.

Pricing

The Inertia Trader EA is being sold for $347.00. Additionally a 60-days money back guarantee is in place.

Bottom line

The Inertia Trader follows the market’s price … Inertia. The aptly name system uses some kind of breakout trading algorithm and utilizes a solid 1:3 risk/reward ratio. As the historical performance has indicated, this system may experience prolonged periods of time in which it seems to be stuck in one place. This is normal four such a system, as it is for a manual trader. In fact trading with this system appears to be similar to investing in a solid, non-emotional breakout trader, similarly to how the Harmoics Trader EA is to doing so with a harmonic pattern trader.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Expert Advisors Reviews

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Forex Strategy Builder is a professional software for building Expert Advisors. It is the alternative of coding the strategies on MQL language. With Forex Strategy Builder it is possible to create FX EA (stands for Forex Expert Advisor) without programming skills. Read more

Forex robot builder review: EA Studio vs FSB Pro

Forex robot builder is any software that allows the trader to generate, automate and analyze trading strategies. Today we are going to compare two of the most commonly used robot builders – EA Studio and FSB Pro. Read more

Forex Gold Investor EA Review – Is it scam or good forex system?

The Forex Gold Investor is an automated trading systems which, as its name partially suggests, trades gold. In this review, we will attempt to unveil its secrets. Read more

Forex Fury EA Review – Is it scam or good forex system?

The Forex Fury EA is a product which you may have heard about. The team behind it runs a website, which reviews other Expert Advisors and recommends two of their own. In this review, we will give you our unbiased opinion on the Forex Fury EA. Read more

FXCharger EA Review – Is it scam or good forex system?

This will be a review of the FXCharger Robot, a relatively new and interesting Expert Advisor. While not much is known about the essence of this system, we will delve into it. Read more

Long Vision EA Review – Is it scam or good forex system?

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Einstein Trader EA Review – Is it scam or good forex system?

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Funnel Trader EA Review – Is it scam or good forex system?

We would like to present you the Funnel Trader EA, an automated system, which you can try for a very low price. But before we get to that, let’s take a look at the strategy behind it. Strategy The team which created the Funnel Trader does reveal much. Read more

Cash Cow EA Review – is it scam or good forex system?

The Cash Cow EA is interesting not only fot the funny logo, which the developers have chosen. We will take a closer look at this system and reveal the basics of how it trades. The developers claim 98% of trading is automated, while the human element is still occasionally there. Read more

Minesweeper EA Review – is it scam or good forex system?

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ExpertOption Review

A large number of traders have joined the binary options trading market fray due to its increasing popularity. This has resulted in the creation of a big pool of binary option robots with the aim at tapping into this expanding market base. Most traders are grappling with the idea of which, among these robots are best to trade with. Many program developers associated with binary option robots and option signals are hugely motivated by the profits to be acquired in this type of trade. This fact alone has resulted in the presence of different types of programs that have flooded the market giving leeway to imitations and scams that want to get the most of hapless traders.

Any trader in the binary options kind of trading should be aware of this and try as much as possible to invest in a little bit of knowledge lest s/he falls into the trap of unscrupulous traders whose main aim is to exploit the ignorant. This review of ExpertOption will give us a peek on how to choose the best option in terms of robots and best binary option brokers. IQ Option for example is one of them, let see if Expert Option is too.

ExpertOption Review

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 2020 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.

expert options main page

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How to Make Money with Binary Option Robot

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Claim your free binary option robot, get started with three easy steps:

  • Name of Robot
  • Min. Investment
  • Min. Deposit
  • Rating
  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

    TABLE OF CONTENT

    Get a binary option robot for free by clicking on the button below and learn how you can make money while you sleep!

    What does ExpertOption have to offer?

    1. ExpertOption trading software – This is a software that is wholly developed and used by ExpertOptions and it is exclusive to this broker. Most brokers use platforms from other service providers but that is not the case with ExpertOption which uses its very own. This is their proprietary software with a simple interface that is easy to use for both new and experienced traders. It consists of some features which allow traders to perform technical aspects of the trade that are necessary in maximizing their profits and at the same time executing their transactions promptly.
    2. Educational materials – The site has very useful and informative materials in the education section that actually helps newbies to come to terms with the operations of the binary options trade. It not only offers strategic advice about this trade but also provides a glossary of terms and analytical information that are relevant to any eager trader.
    3. Mobile trading platform – ExpertOption takes care of all types of traders including those who are on the go by providing an efficient mobile service for all its customers. This mobile platform is available in the app format and can be downloaded through Google Play and Apple Stores. It is very suitable for those traders who are on the move and would wish to check on their assets anytime they wish to.
    4. Assets – They have quite a number of trading assets that range from Market Indices, Forex Pairs, Commodities, Gold and Oil. Their Market Indices feature very popular and widely reputable firms like S&P500.
    5. Continuous stream of trading signals – The ExpertOption platform has a great feature when it comes to streaming of trading signals. It has a continuous stream of trading signals and alerts. These signals encompass all their assets and include the Neutral or Sell and strong Sell and the Strong Buy signals. These signals are important in the binary options trade and it is crucial to understand what they are based on and this call for a demo.

    ExpertOptions Account Features

    ExpertOption offers a variety of trading accounts that meets the needs of different types of traders. These accounts include:

    • Mini account – It is a basic account that can be opened with a deposit of only 50 dollars. It has a maximum number of 10 open deals with a maximum of 20 dollars per deal. It also offers educational training materials related to the binary options trade and also incorporates a 50% bonus.
    • Silver account – This account is for the more experienced traders and can be opened with a deposit amount of 250 dollars. It features bonuses which can be as high as 75%.
    • Gold account – This account can be opened with an initial deposit of 1000 dollars and has very attractive benefits like priority withdrawals, increasing asset profits and personal consultation with a leading trading partner.
    • VIP account – This is a top level account that takes up all the features of the gold account and also includes an analysis of the trader’s individual history. It has bonuses that go as high as 125% and is especially beneficial for experienced traders. A demo account is also available for free and is useful in familiarizing one about the site and its operations.

    expert options accounts

    Banking

    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.

    Deposits

    ExpertOptions, just like any binary options broker, lets traders make deposits by using the standard methods of payments which consist the use of credit cards. Among the most popular credit cards that are accepted here include Visa, Maestro, MasterCard, and American Express among others. Deposits by wire transfer and other e-Wallet methods are also accepted. Safepay and Skrill are also available to any potential trader in this trading platform.

    Withdrawals

    ExpertOption offers a professional platform for trading which offers really easy and simple earnings in binary options type of trading. They offer many tools for trading that features the most perfect conditions for trading in the industry. Each and every trade is watched in real time by experienced trade experts. ExpertOption also provides the best and fastest withdrawal features in the industry in which money is able to reach your e-Wallet or your card in the shortest time possible. The transactions are commission free and involve a wide range of payment methods apart from those mentioned above.

    expert options details

    ExpertOption Promises vs. Reality

    Like any other broker, ExpertOption use marketing strategies to entice traders to their binary options trading platform by using attractive sales language. However, when one closely checks the site the story is entirely different because some traders feel that the site is not genuine. This is because the site is not that transparent and does not provide the much needed information to the trader. Finding helpful information about the site is challenging thus making it opaque and one that does not satisfy the needs of its customers. This scenario makes it very difficult for any trader to trust it.

    The site also features a demo account that is supposed to allow a trader to learn more about the binary options trade but the transition to the main account is a big problem because it directs one to the trading area. The profits one is supposed to get in a demo account are highly exaggerated and this makes the site to appear unreliable because it promises high returns which are not possible in a live trading session. The demo account is therefore viewed as an enticing one rather than one that is honest in trading.

    When it comes to bonuses and promotions one expects that the site will provide clear guidelines on how the features will be rolled out. The promise of fast withdrawals of the said bonuses stares any other trader on the face because when you check the terms and conditions relating to bonus withdrawals you find that it is not that easy to retrieve your withdrawals once you make your initial deposit because the bonuses are usually tied up with the withdrawal process which is rigorous and discouraging.

    Shortcomings of ExpertOption

    This broker is a relatively new entrant in the industry and this makes it a big problem for many traders especially when it comes to confidence issues. Among its greatest shortcomings are the following features which are so profound and need to be improved upon.

    1. Withdrawals and deposits – ExpertOption has transparency issues when it comes to deposits and withdrawals because it does not set out clear guidelines on how these can be transacted. Many traders find this to be a big challenge because it does not give them room to make informed decisions. This has resulted to several complaints by traders. ExpertOption just bought a set up website that has never been customized to the traders’ requirements. This makes it just a site that is not in touch with the needs of its customers.
    2. Customer support – Information on how to communicate with customer support is scanty and this leaves most traders at crossroads because some of them cannot invest in a trading platform that seems not to have a customer care representative. It is so disheartening to find that most of the times the language of choice is only in Russian. This seems like an isolationist policy to majority of traders who come from other countries across the globe. This is why the site has a very small customer base.
    3. License and regulations – ExpertOption brokers are not licensed by any Licensing agency with authority of repute and one that is trusted by many investors like CySEC. The licensing authority in the name of CROFR is locally based and this makes ExpertOption to have confidence issues with traders who are willing to trade on its platform. They view it as a local broker that is not compliant with international standards and most of them would rather trade with other well known binary options brokers. Most traders recognize brokers who have a CySEC certification and ExpertOption is not one of them.
    4. Withdrawal policy – As stated earlier, their withdrawal policy is their main undoing since it is shrouded in secrecy and oblique and this makes most traders to shy away from it because they are unable to make informed investment decisions in such a situation.

    expert options allows to copy best deals

    FAQ on Expert Options

    This article provides answers to the most frequently asked questions about the expert options. The FAQ deals with the various topics ranging from promoters to the customer support.

    • What are the available withdrawal & deposit methods?

    The expert options allow you to withdraw or deposit funds through credit or debit cards (Visa, MasterCard, Maestro), UnionPay, Skrill, Neteller, Payweb, PerfectMoney, Qiwi, Yandex Money, and Webmoney.

    • Who are the promoter and its registered address?

    The ExpertOption Ltd is the promoter company located at Saint Vincent & the Grenadines, 1510, Kingstown, Suite 305, Griffith Corporate Centre with registration number 22863 IBC 2020).

    • Is it a licensed broker and who is the licensing authority?

    The brokerage company is registered with the self-regulatory body called FMRRC (Financial Market Relations Regulations Centre) and has received license No: TSRF RU 0395 Vv0099 which is valid until 8 th September 2020.

    The company has also received a license to be dealers in securities from the Republic of Vanuatu on 6 th January 2020 and valid till 5 th January 2020 having license number 15014.

    • What is the platform used by the Expert Options?

    The Expert Options utilizes the in-house developed platform to drive the trading the binary options.

    • Does Expert Options offer demo account?

    Yes, the Expert Option offers one-click demo account which can be used without registering on the platform. The demo account provides $ 10,000 virtual currencies for testing the platform.

    • What are the assets available for trading?

    The website provides more than 50 assets to trade under the four categories: stocks, indices, commodities, and currency pairs.

    Expert Option Trading Platform

    • What is the overall expiry range?

    The Expert Options provides expiries ranging from 60 seconds to 5 – minutes.

    • What are the minimum deposits and a minimum per trade amount requirements?

    Being a retail friendly brokerage house, the Expert Options allows you to deposit a minimum of $ 10 and $ 1 as the per trade investment amount.

    • What is the minimum withdrawal amount?

    The brokerage house allows its investor to withdraw a minimum of $ 10 through their preferred mode of payment.

    • What are the bonuses and benefits for the registered customers?

    The Expert Options offers up to 100 percent on the initial deposit, while it offers the bonuses from 25 percent to 125 percent on the consequent deposits.

    Besides the monetary benefits, the company offers several other benefits like a personal manager, priority withdrawal, trading analysis amongst others.

    • What are the several account types offered by the Expert Option?

    The Expert Options offers four different account types based on the amount of deposit made. It offers a Mini Account type with a minimum deposit of $ 50, the Silver Account with a minimum deposit of $ 250, the Gold account on the deposit of $ 1,000, and the VIP account with $ 2,500 minimum deposit which offers entire bouquet of exclusive benefits.

    • What is the Return on Investment per trade?

    The Expert Options provides up to 95 percent payouts on winning trades. Meaning, on an investment of $ 100 per trade, the winning trade will get you up to $ 95 profits.

    • How can you connect with the customer support of the Expert Option?

    The Expert Option provides its customer support services through many channels including web forms, online chat, e-mail, and phone.

    The following table lists all the customer care numbers and their respective e-mail addresses.

    ExpertOpption Customer Support

    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.

    Who Is Behind The Brokerage Site?

    The first and foremost thing before making the selection is to try and answer the above question with as much information as possible. The question is very relevant as the answer to the above question will throw more light on the hidden agenda if any. The hiding promoters should always be avoided.

    What Drives The Website?

    The answer to the above question will provide information regarding the platform which is being used by the website. It should also inform you about the aesthetics of the website and the platform itself. The unprofessional or hard-to-learn platform should be given fewer marks compared to the highly professional and user-friendly trading platform.

    Does It Offer a Demo Account To Test Your Strategies?

    This makes a lot of sense for beginners as well as for the professional trader, as it allows them to test the platform and its usability beforehand. This way the traders can rest assured that whenever he starts using the platform the trading experience will be smooth and comforting.

    What Are The Available Tools for The Trading

    Trading is an art and requires a thorough understanding of the fundamental analysis and the technical analysis. The traders in the binary arena utilize several tools and technical indicators to place their trades. The answer to the above question provides detailed information regarding the available tools for charting, availability of technical indicators, and availability of signals to trade.

    What Is The Extra Features

    The question pertains to the available bonuses of various types including deposit, re-deposit, and/or volume basis bonuses. These bonuses provide an additional amount for the trading and increase your chances of winnings. Though higher bonuses are welcome, low bonuses do not mean bad offerings. You should try to assess the offerings in the totality rather than evaluating the broker only on the basis of the bonuses.

    What Is the Return on Investment?

    As a trader, the trading is being carried out to earn money and hence this parameter is of prime importance. The answer to the above question will give you an idea about how much money you can make by investing $ 100 in a security. The payouts offered by the various broker is an important parameter which forms the basis for the Return On Investment. Higher payouts are welcome but need to scan the broker holistically rather than evaluating only on one single parameter.

    How Do Your Finances Are Being Handled?

    The deposit and the withdrawal process followed by the brokerage website give you an idea on how can you make the deposit and whether the available banking options suits you’re not. Your selection should be based on your preferred finance handling method.

    Expert Option Features

    What Can You Trade and How?

    The available trading choices of assets and option types form the basis to answer the above question. The range of assets (forex pairs, commodities, stocks, and indices) and the number of assets should meet your requirements. Also, the expiry ranges available (60-seconds to 6-months) should be evaluated before enrolling in the website. This is a key question as the non-availability of your choice of asset and expiry range should definitely be avoided.

    Do They Answer to All Your Questions?

    The answer to the above question will provide information regarding the customer support offered by the brokerage house. 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.

    Conclusion

    It is expected that brokers in this kind of trade to have shortcomings as none of these brokers have the capacity to put up a perfectly error free outfit. But when the weak points outweigh the strong points by far then there is reason to raise the red flag. When one critically looks at ExpertOption it is very difficult to draw conclusions. This is not a good sign because a good site is supposed to make an instant impact to any new trader but that is not the case with ExpertOption which has some glaring confidence issues. Their trading platform features a robot software that is largely unknown and one that has not been extensively tested.

    It is in this regard that one has to turn to the most popular and widely used software in the industry. The Binary Option Robot software is the most trusted and widely used software in the industry and one that guarantees a trader’s security and safety in terms of their investments and also peace of mind. This robot has received very many positive reviews from experienced as well as novice traders who have placed trust in its capabilities. It is very easy to sign up to the Binary Option Robot because it is free of any charges. It has the capability of providing any willing trader with benefits which are way beyond any other software in the market especially when it comes to limiting your losses on a day on day basis. With its Automatic Stop Loss program, you can never go wrong on any investment decision made. It also give you the chance to choose your own experienced broker among a wide selection of reputable brokers who have passed the rigorous Binary Option Robot’s most respected tests.

    Get a trusted binary option robot for free by clicking on the button below and learn how you can make money while you sleep!

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      The Best Binary Broker 2020!
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    • Binomo
      Binomo

      Good Broker For Experienced Traders!

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