ExpertOption

ExpertOption is a binary options trading still little known among New Zealand negotiators. It was established in 2014 and operates from Saint Vincent and the Grenadines, a small island country in the Caribbean Sea. In this review, we researched and analyzed the benefits of trading on the platform. But since nothing is completely error-free, we have also identified its negative points. From the user's perspective, we use the site and rate the services offered based on other reviews we have conducted at New ZealandCasinos.

As the company is quite new, its recent entry into the online trading market has allowed it to develop an online trading software of its own. In this way, ExO used information from traders and other brokers to create a platform specially developed to be intuitive and easy to use for everyone, whether they are experienced in the financial market or not.

The company also offers applications for all mobile devices, which makes trading on-the-go more practical for those who trade from mobile. Additionally, proprietary applications for computers (PC and Mac) have also been developed. Other features of ExpertOption includes several pages of educational content and a demo account. With it, anyone can trade ten thousand credits freely and test their knowledge in the options before risking real money.

At the end of our review, you can see how ExO compares to other binary options brokers and make the best decision on where to trade online.

Here, no Creative Giants , we always recommend caution when trading money online. In general, New Zealand traders and players are quite careful and forewarned in this regard. They usually research reviews on review sites such as Reclame Aqui and specialist sites such as ours before placing their bets.

We created New ZealandCasinos when we noticed that there was no platform for unbiased content about Portuguese betting sites. As gamers, we missed honest reviews and beginner game manuals. That's why our goal from the outset has been to create informative content to prevent fraud and scams and encourage responsible gaming among New Zealanders who bet online.

We always talk about gambling and betting, but it is no different with binary options. They are a high-risk financial instrument, and you need to be careful before entering this world headfirst.

You may already know that not every online options broker is safe and trustworthy. But if you are new to the financial market, you should learn to distinguish honest companies from dishonest ones. Although this may seem complicated at first, in fact the process is quite simple. Just know what you are looking for.

We evaluate the reliability level of each site based on a few key factors. The main ones you see below, and the rest you check out in this review.

• The company must have a license, granted by a responsible body within its jurisdiction (i.e. within the country where the company is operating) to offer online financial instruments;
• The site must have technologies to ensure the security of user data, such as an SSL security certificate;
• The company should be evaluated by independent audit firms on a regular basis, who check whether the trading platform operates fairly;
• The company must present a good online reputation among its users, which ensures that the support is effective and that the service offered is fair.

One of the most important factors that traders need to consider when deciding to trade online is the reliability of the company in question. Where is it registered and what user security measures are taken there?

In New Zealand, binary options are not regulated, and therefore you will not find New Zealand brokers. However, foreign companies often open their doors to New Zealand users.

A ExpertOption it is licensed it is regulated by the Vanuatu Financial Services Commission (VFSC), an agency established in 1993. Vanuatu is a small island in Southeast Asia that has become popular with forex and binary options brokers on the occasion of the numerous tax benefits offered. But this is not as bad as it may seem. Most online casinos and options and forex brokers decide to register and operate from "tax havens" which in turn facilitate their activities.

Additionally, the company is also a member of the International Financial Market Relations Regulation Center (IFMRRC). This is a non-commercial and independent Russian organization, whose responsibility is to supervise financial services companies, such as binary options brokers.

This means that the body guarantees the quality of the services offered by its licensees. Its main purpose is, after all, to provide traders with maximum security during online trading. The IFMRRC also acts as a mediator between users and companies in resolving disputes.

However, we did not find on the website information about your vfsc license number, nor your ifmrrc certificate. This may raise some suspicions, since this information is usually available on the homepage. To clarify the doubt, we turn to the online reputation of the company. Since it is quite new to the market, it has not received many complaints yet, but we were able to find users who are unsure about the measures to protect trading and payment of profits.

Another important factor when choosing a secure broker is whether the company is serious about protecting your information. To do this, it is enough to know if the site is encrypted, that is, if it has an encryption certificate. These certificates are called SSL and appear in any browser in the form of a closed padlock.

They work to prevent your personal and financial data – such as your credit card details-from being available on the web. ExpertOption has a security certificate, which makes the website safe to access. SSL technology ensures that the data you register on the site is secure and is immediately encrypted after you submit it.

In addition, the company does not provide information about other security measures to the user on its website. It's worth remembering that it's important not to access your broker or online casino account on a computer or mobile device other than your own, even if they are secure online sites and casinos .

Use bonuses

At ExpertOption, it's easy to open an account and start trading. The platform makes it very simple to access and use by all traders, whether they are beginners or not. At the same time, it is also possible to profit from considerable returns.

The platform offers several different accounts, which can be used by traders of different levels. For beginners in the financial market, the ideal is the Mini account, which requires a minimum deposit of $ 50. The minimum trading amount starts with just one dollar.

We will talk about the educational center, the features for traders, the demo account and other information about the platform in this section. See below for the list of items we will cover next:

• Site rules and terms.
• Assets available for trading.
• Expiration times.
• Commissions and potential profit.
• Platform and software.
• Types of trades available.
• Demonstrative account.
• VIP account.

Unfortunately, the terms and conditions of the site are in English, making it difficult for New Zealand users to read. If you are not fluent in the language, we recommend asking for help or using a translation tool, as it is imperative to read the company's rules before registering.

On the homepage, the company warns that the options are high-risk operations. When trading on the platform, traders take the risk of having significant investment losses or even the loss of all funds from their account. Nothing more than what we have already discussed in our Main article about binary options .

It is also worth mentioning that the company requires confirmation of your identity before making a withdrawal. Therefore, send the vouchers as soon as you make your account to avoid possible problems in the future or delays in the withdrawal process. The identity verification process must be completed within ten business days, but in some cases may exceed this limit.

As for the number of assets that can be traded on ExpertOption, they are divided into four main categories: currency pairs, commodities, stocks and cryptocurrencies. A ExpertOption it covers about 50 different assets for you to trade.

The number is not large, which can cause more experienced traders to give up trading on the site. On the other hand, for those who are entering the options market now, it is enough and presents good opportunities.

It is worth noting the wide variety of cryptocurrencies present on the site. Trading cryptocurrencies is a new trend within online binary options and only a few brokers have already made them available to traders. Trading them can be more rewarding than trading the common types of assets, as they tend to fluctuate more and are therefore more dynamic than centralized currencies. At ExpertOption, it is possible to trade cryptocurrency pairs as well.

At the time of this review, the assets made available were as follows:

• Currency pairs : EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/CAD, AUD/JPY, EUR/GBP, AUD/USD, USD/CAD, NZD/USD, BTC/LCT, BTC/CNY, BTC / THB.
• Commodities : Gold, Silver, Brent.
• Cryptocurrencies: Bitcoin, Bitcoin Cash, bitGold, Zcash, Litecoin, IOTA, Dash, Monero, Ripple, Tether.
• Actions : Apple Inc, Amazon, Facebook Inc, Tesla Motors Inc, Microsoft, McDonald's, Disney, FORD, The Coca-Cola Co, ALIBABA, Citigroup, Netflix, Lockheed Martin, Valeant, Allergan, YUM, Goldman Sachs, Baidu, Ethereum, Ethereum Classic.

The expiry times offered are one, two, three, four and five minutes on both the demo account and the real money account. Traders are in this case quite limited to short-term trading.

Traders can receive up to 95% return on initial investment. But the percentage fluctuates depending on the state of the market and the status of your account (mini, silver, gold, platinum and VIP). The company does not charge a fixed commission for transactions, but profits because it never returns 100% on its investment. However, be aware because the payment methods you choose may charge a commission for withdrawals.

The Website is available in several languages, including Portuguese. They offer their services all over the world except the United States, Canada, European Economic Area countries, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico and Sudan.

Although its website is in Portuguese, many pages are only available in English. This category includes the terms and conditions and all teaching resources made available by the company. The service is also carried out exclusively in English, either in the online chat or by e-mail.

Although fairly new to the options market, the ExpertOption it has quickly become well known in its midst . Although the services offered are no different from all other binary options brokers, it manages to differentiate itself from the others by bringing some innovative ideas.

We highlight the sociability tool ( social trading ), which allows you to see the trades of other traders happening at the moment. This makes ExO one of the only brokers with this functionality. On the trading platform itself, you have real-time access to the latest trades made and can know who made them.

As far as the company's trading software is concerned, you can access the demo account completely online. To trade for money, you can also do everything in the browser.

Applications for computers (Windows and Macbook) and mobile devices (iOS and Android) are available to those who wish. Download links and instructions for installation are present on the site. It is worth noting that this software was created by ExO itself and is for the exclusive use of the brand, which also differentiates it. With regard to the experience it grants to the user, we conclude that it is:

• Easy to use.
• It features a fairly straightforward and appropriate layout, both for new traders and traders with experience.
• It has features that allows traders to utilize technical tools to maximize profits during trading.
• Offers educational and informative material about binary options. We will talk more about this area of the site further down, later in this article. For now, it is worth mentioning that, unfortunately, all available material is in English.
• It presents applications adapted for iOS and Android mobile devices. They can be downloaded directly from the App Store and Google Play. Applications are a differential because they are essential nowadays, since we access almost everything from mobile phones.

The company offers only two types of trades on the site. For beginner traders, this is enough. For the more advanced, the options may be reduced. They are:

• 60-second options: These are short and risky trades. You can both make a lot of money in a short time and you can lose it. They are ideal for those who have little time to trade during the day.
• High / Low: These are the most common options. Read about them in our binary options guide for beginners . The high/low options are available in different expiration periods (one, two, three, four and five minutes).

A ExpertOption makes a demo account available to everyone , which can be accessed without any download or deposit. You also do not need to register to access it. Just go to the company's homepage and click on "free Demo trial". This button will take you directly to the trading platform and you can test it and start training immediately.

The demo account starts with 10,000 credits so you can trade on the site freely for as long as you want. We have always commented that taking advantage of demo accounts is a great means for traders to familiarize themselves with the platform and the tools, features and assets available. There, you can also get an idea of the profits, that is, the return that you can get on the platform according to each trade.

In this sense, we recommend using the demo account if you want to get an idea of how the platform works and if you like its features before committing to a registration and a deposit. It is worth mentioning that the demo account also has the social trading , which is a functionality of the platform. With this, you can see who is trading at the moment, on what assets, and how much money the trades are moving.

A ExpertOption it offers a VIP account, which is also called Exclusive. This account offers educational materials, bonus from 125% to first deposit, best return rates, expert advice and prioritized withdrawals. Additionally, there is no limit to simultaneous trades, and the maximum amount allowed per trade is $ 5,000. At the moment, however, only VIP traders invited by the company can have accounts.

The platform also allows four other account types in case you don't want to trade such a large sum. They are Silver, Gold, Platinum and Mini account.

• Mini Account: This type of account is the most basic and requires a deposit of at least 50 dollars. It offers educational resources and materials (remember that they are in English) and no bonuses at the moment. The maximum amount allowed per trade is $ 25 and up to 10 trades can be made at the same time.
• Silver Account: To qualify as a silver account, you must make a deposit of at least $ 500. Silver Account also offers educational resources and materials. The maximum amount allowed per trade is $ 100 and up to 15 trades can be made at the same time.
• Gold Account: The Gold account requires a deposit of at least $ 2,500. It offers an account manager, higher returns, expert advice and prioritized withdrawals. The maximum amount allowed per trade is $ 300 and up to 30 trades can be made at the same time.
• Platinum Account: Finally, the Platinum account requires a deposit of $ 5,000. It offers an account manager, higher returns, expert advice and prioritized withdrawals. The maximum amount allowed per trade is $ 5,000 and unlimited simultaneous trades can be made.

When deciding to bet, gamble or trade online, New Zealanders often find it somewhat difficult to adapt to the payment methods accepted by the online casinos and options brokers. This is because some sites are not adapted to The New Zealand market, which can make the experience a bit complicated.

We often say that the more payment methods the site makes available to its users, the better. Among them, players can then choose the one that best suits their needs and interests. The most common methods used for online shopping in New Zealand are credit card and boleto bancário. However, while accepted on many websites, these methods rarely make withdrawals available. In this way, the player must adapt to the withdrawal method chosen by the company.

To avoid this type of problem during your trades, we always specify the payment methods accepted at each broker, as well as the minimum and maximum deposit limits and processing times of each of them.

On the company's website, it was not possible to find detailed information about the accepted methods. Therefore, if you do not have a registration, you will not be able to know what methods are accepted in New Zealand. So we contacted support and asked for the details. Check below the methods accepted by ExpertOption .

Unfortunately, it is not possible to choose real as the account currency. As foreign currencies, the US dollar (USD), Thai baht (THB), offshore Chinese yuan (CNH), Indonesian rupiah (IDR), South Korean won (KRW) and Vietnamese dong (VND) are available. O ExpertOption minimum deposit it's $ 50. for any method. The maximum deposit is also fixed and stands at $ 3,000.

* As of February 2018, Neteller and Skrill will no longer be accepting deposit and withdrawal transactions for betting sites and online casinos.

Withdrawals can be made through the same deposit methods except boleto bancário. The minimum amount for withdrawals is fixed at $ 10. The method used to deposit money by you will be the method available for withdrawal.

Generally, all online casinos, betting sites and options brokers put this rule to prevent money laundering schemes. If you cannot withdraw using the method you deposited with (such as boleto bancário, for example), the company will designate a withdrawal method for you.

VIP, Gold and Platinum accounts have priority at the time of withdrawals. It is worth remembering that it is necessary to confirm your identity through documents during the first withdrawal, and that this may take a few days. So keep this in mind when you want to cash out. The necessary documents will be requested by email support.

The maximum amount for the withdrawal is not informed, but we believe it varies from Method to method.

* As of February 2018, Neteller and Skrill will no longer be accepting deposit and withdrawal transactions for betting sites and online casinos.

Just as online casinos offer gaming and betting bonuses, such as free spins , commonly binary options brokers also offer bonuses to traders, especially Deposit Bonus . However, at the time of this review, the ExpertOption platform was not offering any kind of bonuses, unfortunately.

We will keep this page updated. Visit it whenever you want to know the status of bonuses and promotions on the site.

Regarding the educational tools of the platform, a ExpertOption provides a comprehensive collection of resources and information . However, they are all in English. If you understand the language, you can take advantage of the articles and guides that talk about technical analysis, trading strategies, chart analysis and psychology of binary options. A glossary is also available with the technical trading terms that beginners need to learn.

For those new to the platform, tutorial videos are available and teach you how to make deposits, how to conduct a trade and how to withdraw at ExpertOption.

The other functionalities of the platform include:

• Technical analysis tools: four types of charts, eight indicators and trend lines.
• Social trading: see other traders ' trades in real time.
• About 50 assets available, including a wide variety of cryptocurrencies.

The user experience on the site is quite fast and practical. All the information is very well organized and it is easy to find what you are looking for. If you need help or have a question, the online chat with support works 24 hours a day, seven days a week and is available in English.

From New Zealand, access to the site is responsive and we had no problem accessing the online platform. In the case of applications for computers, it is easy to find the download link and the process is easy. Having an account and the program already installed, you can easily make a deposit and start trading. But it is worth noting that it is not necessary to download the desktop applications to make trades. You can perform them directly from your browser.

The demo account works exclusively on the web, which means that you can access it through the site at any time without being registered.

In the left side menu, you will find everything you need and all the tools you can use within the platform. In the right side menu, you can see the social trading , the transactions already performed by you and the market trends for the next few minutes. Mobile applications can also be easily accessed from the App Store or Google Play.

Another interesting feature is that the trader can choose a layout that works best for him and divide the screen into two different markets (or assets), so that he can make transactions faster. This can be quite useful for some traders. You can also put the page in full screen mode on your computer to avoid distractions.

With the increasing number of binary options brokers available in New Zealand , it becomes difficult to distinguish which companies you can trust without fear of falling for a scam.

For beginners, especially, knowing how to identify safe sites where to bet and trade can be an arduous and long task. But we're here to help! The New ZealandCasinos team takes care of this work and seeks to provide honest, unbiased and up-to-date reviews on these sites. Thus, you yourself can choose the best option from where to bet your money.

So, we invite you to read our other reviews and compare the best broker options. To facilitate your work, in this section we compare ExpertOption with the other brokers we have already evaluated .

As far as legal issues are concerned, the company is licensed and approved by two different bodies. However, it is not licensed in any European country (which is considered safer). This can end up damaging the trust it transmits to its users.

Unlike many other brokers, ExO decided to create its own trading platform, which makes it unique. In fact, it brings some new and interesting features to users, especially social trading.

The platform is especially attractive for new traders as it offers a generous demo account and educational materials. The payment methods, however, are not as varied as they could be and as other companies offer. Its number of assets is small, but sufficient for new traders. Its types of trading and expiration times leave something to be desired.

ExpertOption New Zealand user support is not available in English, only in five other languages: English, Chinese, Thai, Russian and Hindi. The options for contact are Email, live chat and international phone, which you can check out below.

We tested ExpertOption support and the team was very quick and attentive to serve us. We have no negative comments about it. It would be great, of course, if she added a contact channel in Portuguese for New Zealand traders.

Online Chat
Available in English

E-mail
[email protected]

Phone
+44 20 3868 3160

ExpertOption works normally for traders who want to trade from New Zealand. Like all companies, it has its strengths and weaknesses. For beginner traders, it is certainly an option that should be considered. For more experienced traders, they may want to explore other more comprehensive brokers before trading on ExO. in addition, the site and support are not in Portuguese, which can make transactions and use of the site very difficult.

See the positives and negatives we found in our review below:

Positive points

Negative points

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