摘要: Expert Option Trade is an unregulated trading platform based in China with a relatively short history of 1-2 years in the industry. They offer a proprietary trading platform where traders can access a range of tradable assets, including forex, stocks, commodities, cryptocurrencies, and indices. The company provides multiple account types, each with varying minimum deposit requirements and leverage options, with swap fees applicable to some. Traders can choose from several deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill, Neteller, and Perfect Money. Expert Option Trade offers competitive spreads, and their leverage goes up to 1:500. Customer support is available only through email.
Key Information | Details |
Company Name | Expert Option Trade |
Years of Establishment | 1-2 years |
Headquarters | China |
Office Locations | N/A |
Regulation | Unregulated |
Tradable Assets | Forex, Stocks, Commodities, Cryptocurrencies, Indices |
Account Types | Micro, Basic, Silver, Gold, Platinum, Exclusive, Demo |
Minimum Deposit | $100 |
Fees | Bank transfer, Withdrawal, Deposit, Swap |
Leverage | Up to 1:500 |
Spread | As low as 1.2 pips |
Deposit/Withdrawal Methods | Bank transfer, Credit/debit card, E-wallets |
Trading Platforms | Proprietary Platform |
Customer Support Options |
Expert Option Trade is an unregulated trading platform based in China with a relatively short history of 1-2 years in the industry. They offer a proprietary trading platform where traders can access a range of tradable assets, including forex, stocks, commodities, cryptocurrencies, and indices.
The company provides multiple account types, each with varying minimum deposit requirements and leverage options, with swap fees applicable to some. Traders can choose from several deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill, Neteller, and Perfect Money. Expert Option Trade offers competitive spreads, and their leverage goes up to 1:500. Customer support is available only through email.
Expert Option Trade operates without any regulatory oversight, making it an unregulated broker. This absence of regulatory supervision means that the company operates without external oversight or compliance with established financial industry standards. As a result, there are no guarantees of adherence to specific financial protocols, risk management practices, or investor protection measures. This unregulated status can lead to a lack of transparency in the company's operations, potentially exposing traders to higher levels of risk due to the absence of regulatory safeguards.
Pros | Cons |
Competitive Asset Profit | Unregulated Status |
Educational Resources | Limited Customer Support |
Demo Account | Withdrawal Fees |
Pros:
Competitive Asset Profit: Expert Option Trade offers increased asset profit percentages for traders, with potential gains of up to 6% in the Platinum Account. This can potentially boost profitability for traders who opt for higher-tier accounts.
Educational Resources: The brokerage provides educational materials, daily market reviews, and financial research, supporting traders in improving their skills and staying informed about market developments. These resources can be valuable for traders looking to enhance their knowledge and decision-making abilities.
Demo Account: Expert Option Trade offers a Demo Account, allowing traders to practice their strategies and become familiar with the trading platform without risking real capital. This can be particularly useful for novice traders.
Cons:
Unregulated Status: One of the significant drawbacks of Expert Option Trade is its unregulated status. Operating without external oversight and compliance with industry standards can expose traders to higher risks, as there are no regulatory safeguards in place.
Limited Customer Support: The availability of customer support is primarily through email contact and phone lines. This may not provide the level of immediate and comprehensive assistance that some traders require, especially in urgent situations.
Withdrawal Fees: Expert Option Trade imposes withdrawal fees that vary depending on the payment method. For some methods like credit/debit cards, these fees can be relatively high, potentially impacting traders' overall profits.
Expert Option Trade offers a range of market instruments, including Forex, Stocks, Commodities, Cryptocurrencies, and Indices. Specific information is as follows:
Forex: Expert Option Trade offers forex trading, allowing traders to participate in the foreign exchange market where they can buy and sell currency pairs. Forex trading involves trading one currency against another, such as EUR/USD (Euro/US Dollar) or GBP/USD (British Pound/US Dollar). It provides opportunities for traders to speculate on the exchange rate fluctuations between these currency pairs.
Stocks: The company offers trading in individual stocks, allowing traders to invest in the shares of publicly listed companies. Traders can buy and sell shares of companies like Apple, Amazon, or Microsoft, aiming to profit from price movements in these stocks.
Commodities: Expert Option Trade provides access to trading commodities, including physical goods such as gold, oil, and natural gas. Traders can speculate on the price movements of these commodities, which are influenced by various factors, including supply and demand dynamics and geopolitical events.
Cryptocurrencies: Cryptocurrency trading allows traders to buy and sell digital currencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies are known for their price volatility, providing trading opportunities for those looking to profit from their price fluctuations.
Indices: The company also offers trading in indices, which represent the performance of a group of stocks from a specific market or industry. Examples of indices include the S&P 500, which tracks the performance of 500 large-cap U.S. stocks, and the FTSE 100, representing the top 100 companies listed on the London Stock Exchange.
The following is a table that compares Expert Option Trade to competing brokerages:
Broker | Market Instruments |
Expert Option Trade | Forex, Stocks, Commodities, Cryptocurrencies, Indices |
FXPro | Forex, Stocks, Commodities, Cryptocurrencies, Indices |
IC Markets | Forex, Commodities, Cryptocurrencies, Indices |
FBS | Forex, Stocks, Commodities, Cryptocurrencies, Indices |
Exness | Forex, Commodities, Cryptocurrencies, Indices |
Expert Option Trade offers six account types, ranging from Micro to Exclusive (by invitation only), each with varying minimum deposits, educational materials, daily market reviews, priority withdrawal options, maximum simultaneously open deals, maximum deal amounts, and increased asset profit percentages.
Micro Account: Expert Option Trade offers the Micro Account, which allows traders to begin trading with a minimum deposit of $10. This account type is suitable for those who are just starting in the trading world. While there are no educational materials specified, traders can access daily market reviews and financial research. The Micro Account allows a maximum of 5 simultaneously open deals, each with a maximum deal amount of $10. This account type does not offer increased asset profit.
Basic Account: With a minimum deposit starting at $50, the Basic Account provides an intermediate option for traders. It includes educational materials and daily market reviews, aiding traders in their decision-making processes. Priority withdrawal is available, allowing for faster access to funds. Traders using the Basic Account can have up to 10 simultaneously open deals, each with a maximum deal amount of $25. Similar to the Micro Account, there is no increased asset profit associated with this account type.
Silver Account: The Silver Account is designed for traders with a minimum deposit of $500. It provides educational materials, daily market reviews, and priority withdrawal services. This account type allows for up to 15 simultaneously open deals, with each deal having a maximum amount of $250. Traders using the Silver Account can benefit from an increased asset profit of up to 2%.
Gold Account: With a minimum deposit requirement of $2500, the Gold Account offers an elevated trading experience. Traders with this account have access to educational materials, daily market reviews, and priority withdrawal services. The Gold Account allows for up to 30 simultaneously open deals, each with a maximum amount of $1000. Traders using the Gold Account can enjoy an increased asset profit of up to 4%.
Platinum Account: The Platinum Account, starting from a minimum deposit of $5000, caters to more experienced traders. It offers educational materials, daily market reviews, and priority withdrawal services. This account type comes with the advantage of no limits on the number of simultaneously open deals. Each deal within the Platinum Account can reach a maximum amount of $2000. Traders using this account can benefit from an increased asset profit of up to 6%.
Exclusive Account: The Exclusive Account is by invitation only, making it an exclusive offering for select traders. Unfortunately, specific details about this account type, such as the minimum deposit requirement, are not provided in the information available.
Account Type | Micro Account | Basic Account | Silver Account | Gold Account | Platinum Account | Exclusive Account |
Minimum Deposit | $10 | $50 | $500 | $2,500 | $5,000 | N/A |
Educational Materials | Yes | Yes | Yes | Yes | Yes | N/A |
Daily Market Reviews | Yes | Yes | Yes | Yes | Yes | N/A |
Priority Withdrawal | Yes | Yes | Yes | Yes | Yes | N/A |
Max. Simultaneously Open Deals | 5 | 10 | 15 | 30 | No limit | N/A |
Max. Deal Amount | $10 | $25 | $250 | $1,000 | $2,000 | N/A |
Increased Asset Profit | 0% | 0% | up to 2% | up to 4% | up to 6% | N/A |
Expert Option Trade provides traders with access to a Demo Account, offering a risk-free environment for individuals to practice with $10,000 and familiarize themselves with the trading platform. A Demo Account is essentially a simulation of real trading conditions, where traders can execute trades using virtual funds instead of actual capital. It allows traders to gain hands-on experience, explore different trading strategies, and become comfortable with the platform's features without risking their own money.
Expert Option Trade has a very minimalist account creation procedure that can be started by navigating to the top right hand of the screen and pressing the “Real account” button.
From there, the user will be giving a pop-up in the center of the screen that will require the E-mail and Password that the user wishes to use.
After inputing this, the intial account creation process is finished and options like paymetn information and account type customization can be editted from within the account settings.
Expert Option Trade offers a range of minimum deposit rates depending on the chosen account type, with the lowest starting at $10 for the Micro Account and gradually increasing to $50 for the Basic Account, $500 for the Silver Account, $2500 for the Gold Account, and $5000 for the Platinum Account.
When it comes to withdrawals, fees vary depending on the chosen payment method. For bank transfers, there is a withdrawal fee of $30. Credit and debit card withdrawals incur a fee of 5% of the withdrawal amount. For e-wallets, the withdrawal fees range from 2% to 3.5% of the withdrawal amount. Additionally, swap fees are charged for holding positions overnight, with rates varying depending on the asset and leverage. For instance, EUR/USD and USD/JPY have a daily swap fee of -0.7%, while GBP/USD incurs a -0.8% fee. Cryptocurrency trading, such as BTC/USD, may have a positive daily swap fee of 0.07%. Expert Option Trade has no commissions.
Expert Option Trade offers varying leverage levels, with the highest leverage ratio being up to 1:500 for all market instruments.
To provide a comparison, here's a table displaying the maximum leverage for various market instruments offered by Expert Option Trade, FXPro, IC Markets, FBS, and Exness:
Broker | Max Leverage |
Expert Option Trade | 1:500 |
FXPro | 1:500 |
IC Markets | 1:500 |
FBS | 1:3000 |
Exness | 1:2000 |
Expert Option Trade provides spreads that can be considered competitive in the industry. For EUR/USD, the spread is 1.3 pips, USD/JPY features a 1.2 pips spread, and GBP/USD exhibits a 1.5 pips spread. These spreads represent the difference between the buying and selling prices of the respective currency pairs, allowing traders to gauge their potential trading costs.
Expert Option Trade offers a variety of deposit methods, including Visa, Mastercard, Maestro, Skrill, Neteller, JCB, and Binance Pay, with withdrawal options encompassing Visa, Mastercard, UnionPay, Neteller, Skrill, Webmoney, QiwiWallet, Perfect Money (PM), and YandexMoney, each with specific fees associated.
Debit/Credit Card: Expert Option Trade accepts Visa, Mastercard, and Maestro for deposits. Traders can use these cards to fund their accounts securely and conveniently. Withdrawals can be made through Visa, Mastercard, and UnionPay. However, it's important to note that specific fees may apply to card transactions. For withdrawals, Visa and Mastercard withdrawals typically have fees of 5% of the withdrawal amount, while UnionPay fees may vary.
E-Wallet: For e-wallet enthusiasts, Expert Option Trade offers a range of options, including Skrill, Neteller, JCB, Binance Pay, Webmoney, QiwiWallet, Perfect Money (PM), and YandexMoney. These e-wallets provide a digital and efficient means of depositing and withdrawing funds. It's important to be aware that fees associated with e-wallet transactions may vary depending on the specific e-wallet used. Skrill, for instance, typically charges a withdrawal fee of 3.5% of the withdrawal amount, while Neteller charges 2.9%, and Perfect Money charges 2%.
Expert Option Trade provides a single proprietary trading platform for its users, allowing them to trade a range of assets, including forex, stocks, commodities, cryptocurrencies, and indices.
Having a single trading platform, as offered by Expert Option Trade, can be disadvantageous when compared to competitors because it limits traders' flexibility and choice. Traders may have different preferences and requirements, and a variety of platforms can cater to these diverse needs, offering advanced features and compatibility with various trading strategies.
Here's a table comparing the trading platforms offered by Expert Option Trade with those of other brokers:
Broker | Trading Platforms |
Expert Option Trade | Proprietary Platform |
FXTM | MT4, MT5 |
Exness | MT4, MT5, Exness Trader |
Pepperstone | MT4, MT5, cTrader, Pepperstone MetaTrader 4 |
FP Markets | MT4, MT5, IRESS, WebTrader |
To reach customer support via email, you can use the email address help@eo.support. This allows you to send inquiries or concerns in writing, and you can expect responses to your questions through this channel.
Having a single customer support method, such as email, can be disadvantageous for traders because it may result in delayed response times and limited options for immediate assistance. In cases of urgent issues or the need for real-time support, a single channel can be less efficient and may not meet the diverse needs of traders.
In summary, Expert Option Trade offers various educational materials, daily market reviews, and research to support traders in improving their trading skills and staying informed about market developments, along with other account-related benefits.Educational Materials: Expert Option Trade offers educational materials to assist traders in enhancing their knowledge and skills. These materials can include articles, videos, webinars, and tutorials, providing valuable information about trading strategies, market analysis, and other relevant topics. Educational content is designed to support traders in making informed decisions and improving their trading proficiency.
Daily Market Reviews and Financial Research: The company provides daily market reviews and financial research to keep traders informed about market trends and events. These reviews offer insights into market movements, economic indicators, and potential trading opportunities. By staying updated with relevant financial news and analysis, traders can make more informed decisions when executing their trades.
In conclusion, Expert Option Trade emerges as a trading platform with a relatively short history, spanning just 1-2 years in the financial industry. This brokerage operates in an unregulated status, which means that it functions independently without oversight from any regulatory authorities. While this can provide traders with a degree of flexibility, it also carries inherent risks, given the absence of regulatory safeguards and industry standards.
Expert Option Trade offers traders a proprietary trading platform, providing access to a range of market instruments, including forex, stocks, commodities, cryptocurrencies, and indices. Additionally, the company presents a tiered account system with varying minimum deposit requirements and account-specific benefits, such as educational materials, daily market reviews, priority withdrawal services, and increased asset profit percentages. Traders are also offered a Demo Account for risk-free practice, while the availability of customer support is primarily through email contact and phone lines.
Q: What is the primary benefit of using a Demo Account with Expert Option Trade?
A: A Demo Account allows traders to practice without risking real capital.
Q: How does Expert Option Trade support traders' learning?
A: It provides educational materials and daily market reviews.
Q: What is a potential drawback of trading with this brokerage?
A: It operates without regulatory oversight.
Q: What sets higher-tier accounts apart on Expert Option Trade?
A: They offer increased asset profit percentages.
Q: How can traders contact customer support?
A: Customer support can be reached via email and phone.
Q: What fees should traders be mindful of when making withdrawals?
A: Withdrawal fees vary by payment method and can impact overall profits.