Expert Option Review: Is it Safe or a Scam? | What You Need To Know
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Expert Option Review: binary options broker Complete Beginners Guide. In this Expert Option Review, we will take a look at a broker that offers clients the chance to invest in instruments such as digital options. The broker offers traders the chance to trade over 100 different assets including a range of different cryptocurrencies. They have been around since 2014 and have a wide range of opinions online. The key question is whether Expert Option is safe and can it be trusted? In this comprehensive review of Expert Option we will go over everything that you need to know about the broker.
We will dig into their history, binary options strategy regulations, customer service and binary options fees. Overview. Expert Option was started in 2014 and is owned and operated by Expert Option Ltd. The company is based in Saint Vincent and the Grenadines. There office location is 1510, forex Kingston, Suite 305, binary options strategy Griffith corporate centre. If you wanted to find more information Expert Option then you can look up their company number with registration number 22863. Expert option also has a company that will process the payments for the brand and that is Vestede Limited (company no 116061).
They are based in Gibraltar. The company offers Digital Options instruments on numerous different assets. Digital Options are essentially options that will have a binary outcome on expiry. What really stands out for expert option is that they have developed their own trading engine and platform. This is contrary to the usual practice where brokers would outsource their platforms to an external technology provider. Is Expert Option Safe?
This is perhaps one of the most relevant questions when it comes to choosing a broker and completing a review. There have been too many examples of brokers in this industry that have operated in a less than stellar manner. There were some concerns online about Expert Option given that the company was registered in St Vincent. We asked Expert Option about the reasons for this and they stated that it was for tax efficiency reasons.
Whether this is the only reason for it, we cannot tell. However, there are many exchanges and brokers that have made similar choices. For example, some of the largest cryptocurrency exchanges operate in offshore locations. The Binance crypto exchange is registered in Malta whereas exchanges like BitFinex, which is one of the biggest, is registered in Luxembourg. One of the most important factors that you need to consider when you are about to trade with a broker is their regulations.
What jurisdictions are they registered in and what client protections are there? In the case of Expert Option, they are certified by the Financial Market Relations Regulation Center. This is a non-governmental voluntary oversight body that is located in Russia. You can view their licence certificate over here. They are also regulated by the Vanuatu Financial Service Commission. This is a relatively new regulator binary options broker that has started offering financial service licences to offshore companies.
You can read more about their client protections on this website. We could not find the Vanuatu licence number on their website or independently verify their registration there. Another really important factor when you are considering a broker is whether the information that you send them is secure. Encrypted communication is now the standard among brokers and financial websites. Why is this important?
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