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Expert Option minimum deposit and payment methods

Minimum deposit $50
Payment methods Wire Transfer, Credit Cards, E-Wallet, Crypto
Deposit fees $0

Expert Option is one of the most notable binary options brokers in the industry today. They provide the best facility to the traders of Binary Options. This article discusses Expert Option minimum deposit & payment methods in detail.

Expert Option Helps You Trade Smartly

You can see the assets of other traders who are:

  • Trading.
  • The profits they are making.
  • The market predictions with which they are making their next move.

It is a social trading platform. A trading account is the first step to start trading with Expert Option. A broker sets up your account and provides you with the login details. Usually, the account needs a minimum deposit to open. 

You can also use a demo account where no initial investment is required, and you cannot withdraw the profits earned. It is suggested that you start with small capital. On reading this article, you will get an idea about the Expert Option minimum deposit and payment methods so that you can invest, trade, and make successful transactions when desired. 

Withdrawing profits is essential. You will love to enjoy the fruits of trading, and this article will also suggest ways to withdraw profits.

Expert Option Minimum Deposit

On the trading platform, Expert Option functions through several account levels. A single live account won’t serve the purpose. The minimum deposit amount is determined by the type of account level you select when you sign up. Your profits, too, depend on these account types. An approximate minimum deposit amount versus the account level you decide to start with are as follows:

  • The Micro account requires only 10$. This type of account requires the least of the minimum deposit amounts.
  • A Basic account deposit amount is $50. It is the second-lowest of the minimum deposit options.
  • Silver account has a minimum deposit amount of $500. It lies in the moderate range. A maximum number of clients go for this as it offers free consultation as well.
  • A Gold account requires $2500 as the minimum deposit amount. 
  • A Platinum account is a premium one with $5000 as the minimum deposit amount.
  • An Exclusive account has an even higher minimum deposit amount, and you can get it through invitations only.

You will get perks and benefits according to the account type to choose to invest in. Higher the minimum deposit amount, the more benefits and premium services you enjoy. Nevertheless, if you start with a minimum deposit amount of $10, you still get many perks even though it is the least of the deposit amounts.

Due to the growth of immense competition in the markets today, a lot of financial service providers are aiming to minimize the minimum deposit amount. 

Some have no minimum deposit amount requirements. Elimination of per trade commissions is one of the low-cost approaches these service providers are coming up with.

The binary options brokers set up the minimum deposit amount with the perspective of balancing the profits earned by the customer and the administrative costs and other associated costs spent behind servicing that account. 

Deposit money in expert option:

Expert options provide you several channels to deposit your money in their binary options trading account. Without any sort of restriction, you will be able to deposit money from any part of the world. These channels are safe and have amazing transaction efficiency. You get an option to deposit money through cryptocurrencies, bank transfers, debit or credit cards, and electronic wallets. Other payments modes are also available, but these four are most widely used. 

Often you can make your payment via a third party. However, expert options have come up with transactions modes embedded in their system that enables you to make direct payments without the requirement of a third party. Third-party financial service providers might have additional charges.

Transaction modes differ from one platform to the other, and you must know how each one of these functions works. 

Expert Option Payment Methods

  • Debit and Credit Card

Payments via debit or credit cards are very efficient, and your account reflects the amount almost immediately once the money gets successfully transferred. Card payments are completed instantly. In case money gets deducted without getting credited to the Expert Option trading account, it will return to your card within a span of 24 hours, and you can retry the payment. Ensure smooth internet connection and sufficient card balance prior to making the transaction.

Maestro, Visa Electron, MasterCard, Visa, and American Express are a few excellent card service providers. Expert Option has been working with them for a long time to provide clients with the best card payment experience. These service providers are easy to work with and resolves your concerns on high priority.

You might have to bear a small additional charge for the transaction. The charges vary from one service provided to the other and the amount of money you choose to deposit. The deducted amount solely belongs to the service provider. Expert Option has nothing to do with it.

  • Electronic Wallets

Electronic wallets are popular due to specific reasons. Some common Electronic Wallet platforms used in Expert Option are Skrill, NE teller, Yandex, UnionPay, Fasa Pay, QI WI, and Perfect Money.

They are fast and easy to use. A simple login followed by a click is enough to complete the transfer. Once Expert Option has received your money, your trading account will reflect it. This transaction mode is fast and hassle-free. 

The fact that Electronic Wallets transaction does not require service providers like a bank or card transfer; they enable you to use Electronic Wallets conveniently. You do not have any rigid requirements. They provide almost free or very low-cost services. The Electronic Wallet platforms mentioned do not work in all countries. Expert options are looking forward to partner with more Electronic Wallet space.

Countries that cannot avail of Electronic Wallets or card payments use bank transfer methods for expert option deposits.

  • Bank/Wire Transfers

They are the oldest of payment methods. They are often slow and inefficient. They have failed to innovate and evolve with the growing technology. Despite their low transaction speed, you can trust this mode as they are still the most secure mode of payment. Bank transfers may take up to a few days to complete.

They are inexpensive. They charge only a nominal fee for the transfer. It can take up to a week or ten days to reflect in the Expert Option trading account. 

  • Cryptocurrencies

It is a very new trending deposit method. Cryptocurrencies are digital currencies. There are no charges involved in this process, and you can withdraw them as well. Cryptocurrencies include Bitcoins, Litecoin, Ethereum, etc. It is a time-consuming process and can take up to a few hours for the money to reflect in your trading account.

Withdrawal Money from Expert Option

Once you have deposited your money and earned profits on trading, you will want to withdraw profits. It is essential that you choose the deposit channel wisely, as it will also serve your withdrawal process. The process of depositing money should be the same as that of withdrawal. It is essential to choose an E-wallet or card transfer over a bank transfer for instant withdrawal. They process the withdrawal request really fast. Withdrawal via bank transfer will take up to a few days to get completed.

Withdrawal requests usually take 24 hours to process. Once the request has been initiated, the platform lets you check the status of your request. This service provided by Expert Option helps you track the progress of the process comfortably.

Frequently Asked Questions

What is the minimum deposit amount for the Expert Option?

10$ the minimum deposit amount for the Expert Option.

Is expert Option a legal body?

Yes, Expert Option is legal and has rigid regulations for clients to trade freely.

Did anyone face any problems with this application?

As part of the platform’s enhanced data security, it employs cryptographic algorithms to encrypt client data and VBV and MasterCard verification standards for compliance. Expert Option is fully regulated and licensed by the VFSC.

Conclusion

“Expert Option” is an excellent trading platform for beginners as well as experts. They provide excellent transparency with the best social trading experience. Now that you have come across the Expert Option minimum deposit & payment methods, you can choose your deposit and withdrawal mode with more expertise. In case a technical glitch arises, you can ask for help from the Expert option portal.

The initial deposit has to do a lot with the service you get and the profits you make while trading. Once profits are completed, you cannot keep them in the account for a long time. Make sure you withdraw your profits and use them to reinvest to increase your deposit value.