ExpertOption Broker Review
Expert Option Qatar is one of the new entrants in the online options broker industry. Founded in 2015, the company is registered in St. Vincent and the Grenadines. Their headquarters are located at Griffith Corporate Center Suite 305.
This online options broker is licensed by the Financial Markets Regulation Center of Russia (FMRRC) under certificate number 0395 AA Vv0084. These are regulated by the Vanuatu Financial Services Commission (VFSC). However, after searching the VSFC website to see if the expert option is actually controlled by this agency, we did not find any confirmation.
The platform was created to enable traders from different parts of the world to have easy access to options. However, this does not mean that traders from all countries are allowed to trade on the platform. Due to regulatory requirements in some countries, Expert Option does not offer its services to citizens of other countries, such as the United States, Canada, Israel, Japan, and Australia. Check out the list of best Binary Options Brokers in Qatar.
- Maximum Profit: 95%
- Minimum trade: $1
- Minimum deposit: $10
- 100+ Crypto, Stocks, Commodities, and Currency Pairs
- Platform: Web, Android, iOS, and Windows
- Basic Account – A minimum of $ 50 is required to open a basic account. The type of this account is quite limited in terms of features. As a Basic Account Holder, you can open up to 10 trades at once and invest up to 25 per trade.
- Silver Account – You need to deposit at least $ 500 to open a Silver Account. Features available with this account include a personal manager and daily market reviews and financial research. The maximum amount you can invest in each trade is $ 250 and you can open 15 trades at once.
- Gold Account – The Gold Account includes all the features offered in the Silver Account. However, opening a gold account will cost you at least $ 2500. Other features that you will get as a Gold Account holder include increased asset gain of up to 2%, the ability to open up to 30 trades at a time, and raising funds from priority.
- Platinum Account – Platinum account holders need to deposit at least $ 5000. In addition to the features offered in the Gold Account type, you will also get a personal account manager and an increased asset gain of up to 4%. The maximum amount you can invest in a trade is $ 2000 and you can enter as many trades as you like at any time.
- Exclusive Account – This is an invitation-only type of account. In addition to the features offered in the Platinum account, you can invest up to $ 5000 per trade and earn up to 6% increased asset profits on your trades.
ExpertOption Qatar Islamic Account
ExpertOption offers an Islamic account option for Muslim traders who wish to engage in online trading while adhering to Islamic principles. Users benefit from the Islamic account as it prohibits interest or swap fees, which are forbidden in Islamic finance. This allows traders to engage in trades for longer periods without incurring any additional costs.
Additionally, the Islamic account ensures peace of mind for Muslim traders by conducting all transactions in a manner compliant with Shariah law. ExpertOption Qatar’s Islamic account also grants access to a wide range of trading instruments, including forex, commodities, stocks, and indices. This allows traders to diversify their portfolios and maximize their potential profits. Overall, the Islamic account option offered by ExpertOption provides Muslim traders with a convenient and ethical platform to engage in online trading activities.
ExpertOption in Qatar offers a wide range of trading assets for traders to choose from. These assets include:
- Stocks: Traders can trade on various stocks of well-known companies from around the world, such as Apple, Google, Microsoft, Amazon, and more. This allows traders to take advantage of the fluctuations in the stock market and potentially make profits.
- Cryptocurrencies: ExpertOption provides traders with the opportunity to trade on popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and many others. This allows traders to take advantage of the volatility in the cryptocurrency market and potentially earn substantial profits.
- Forex: Traders can participate in foreign exchange trading and trade on major currency pairs like EUR/USD, GBP/USD, USD/JPY, and more. ExpertOption offers a user-friendly trading platform that allows traders to easily analyze the forex market and make informed trading decisions.
- Commodities: Traders can also trade on various commodities like gold, silver, oil, and natural gas. These commodities are known for their price volatility and can provide traders with opportunities for profit.
- Indices: ExpertOption provides traders with the option to trade on major stock indices like the S&P 500, Dow Jones, NASDAQ, and more. This allows traders to speculate on the overall performance of the stock market and potentially earn profits.
With such a diverse range of trading assets available, traders in Qatar can choose the ones that align with their trading strategies and preferences. ExpertOption ensures that traders have access to a wide variety of markets, enabling them to diversify their portfolios and potentially maximize their trading profits.
ExpertOption Web Trading Platform Features
- User-friendly interface: The ExpertOption web trading platform is designed to be intuitive and easy to navigate. It provides a user-friendly interface that ensures both beginner and experienced traders can easily access and utilize the platform’s features.
- Wide range of assets: The platform offers a diverse selection of assets, including stocks, commodities, currencies, and cryptocurrencies. This allows traders to choose from a wide variety of options and diversify their investment portfolios.
- Real-time market data: ExpertOption provides real-time market data, allowing traders to stay updated with the latest price movements and trends. This ensures that traders have access to accurate and up-to-date information, enabling them to make informed trading decisions.
- Advanced charting tools: The web trading platform includes advanced charting tools that allow traders to analyze price patterns and trends. These tools enable traders to identify potential entry and exit points, helping them to make more precise and strategic trading decisions.
- One-click trading: ExpertOption offers one-click trading, allowing traders to execute trades quickly and efficiently. This feature is particularly beneficial for active traders who need to enter and exit positions swiftly.
- Risk management tools: The platform provides various risk management tools, including stop-loss and take-profit orders. These tools allow traders to set predetermined levels at which their positions will automatically be closed, helping to limit potential losses and protect profits.
- Social trading: ExpertOption offers a social trading feature that allows traders to follow and copy the trades of successful traders. This enables beginner traders to learn from experienced professionals and potentially replicate their success.
Mobile Application Features
The ExpertOption mobile application offers a range of impressive features that make online trading more accessible and convenient for users. One of the key features is the user-friendly interface, which allows traders to navigate through the app effortlessly and execute trades with ease. The application also provides real-time updates and notifications, ensuring that users are always updated with the latest market trends and news.
ExpertOption Mobile App can be easily downloaded from various sources. The official ExpertOption website is the most reliable place to download the app. Users can go to the website and find the dedicated mobile app download link. Additionally, ExpertOption Mobile App is also available on popular app stores like Google Play Store and Apple App Store. Users can simply search for “ExpertOption” in their respective app stores and download the app from there.
Additionally, the app offers a wide range of trading instruments, including stocks, currencies, commodities, and cryptocurrencies, allowing users to diversify their portfolios. Another notable feature is the built-in educational resources, which provide traders with valuable insights and strategies to improve their trading skills. Overall, the ExpertOption mobile application is a comprehensive and powerful tool that empowers traders to make informed decisions and maximize their profits.
Deposit and Withdrawal Options
ExpertOption offers a variety of deposit and withdrawal options to cater to the diverse needs of its traders. These options include bank wire transfers, credit/debit cards, Skrill, Neteller, WebMoney, and other popular e-wallets. Traders can conveniently choose the option that suits them best.
In terms of fees, ExpertOption strives to provide a transparent and cost-effective trading environment. The platform does not charge any fees for deposits or withdrawals. However, it is important to note that certain payment providers may have their own fees, which traders should be aware of.
The processing time for deposits and withdrawals may vary depending on the chosen payment method. Deposits made through credit/debit cards, e-wallets, and online banking options are usually processed instantly, allowing traders to start trading without any delay. On the other hand, bank wire transfers may take a bit longer, typically ranging from one to three business days.
When it comes to withdrawals, ExpertOption aims to process them as quickly as possible. Generally, withdrawal requests are processed within 48 hours, ensuring that traders can access their funds in a timely manner. However, it is important to note that the actual time it takes for the funds to reach the trader’s account may vary depending on the chosen withdrawal method and the trader’s financial institution.
ExpertOption offers a wide range of educational resources for traders of all levels. Their educational materials include video tutorials, webinars, and interactive courses that cover various topics. These topics include technical analysis, risk management, and trading strategies. They design these resources to help traders improve their knowledge and skills in the financial markets. Additionally, ExpertOption provides a comprehensive glossary of trading terms and an FAQ section to address any queries that traders may have. With their extensive educational resources, ExpertOption ensures that traders have access to the necessary tools and information to make informed trading decisions and maximize their potential profits.
ExpertOption offers various customer service options to cater to the diverse needs and preferences of its users. The platform provides round-the-clock support through live chat. Users can interact with knowledgeable and friendly customer service representatives who are ready to assist with any queries or concerns. Additionally, ExpertOption offers email support, allowing users to communicate their questions or issues in a more detailed manner. The platform also features an extensive FAQ section. It provides answers to commonly asked questions and serves as a valuable resource for users seeking quick solutions. With its commitment to exceptional customer service, ExpertOption ensures that its users receive prompt and reliable support whenever they need it.
Is Expert Option Legal in Qatar?
ExpertOption is not legal in Qatar. The Qatari government has strict regulations when it comes to online trading and binary options. ExpertOption is an online trading platform that offers binary options trading, which is considered a form of gambling in Qatar. The Qatari government prohibits any form of gambling, including online trading platforms like ExpertOption.
ExpertOption Qatar – Conclusion
In conclusion, ExpertOption Qatar offers a reliable and user-friendly platform for trading binary options. With its extensive range of assets, competitive rates, and advanced trading tools, it provides traders in Qatar with the opportunity to profit from the financial markets. The platform’s commitment to transparency, security, and customer support further enhances its credibility. Whether you are a beginner or an experienced trader, ExpertOption Qatar is a viable option to consider for your trading needs.