The internet continues to be one of the hottest means of making money. You can engage in different legal activities online and earn reasonably. One of the most profitable options is trading.
You can trade assets like cryptocurrency, forex, and stocks. While trading is profitable, it’s relatively risky because most markets are highly volatile.
Nevertheless, you have a high chance of making a profit using the right platform. Not every trading platform you see online is dependable.
ExpertOption is a popular trading platform in Nigeria. In this post, you’ll find out how to use the platform and if it’s dependable.
Simply put, ExpertOption is a trading platform. It offers fast trading via modern technologies. You can trade accurately and without delays.
ExpertOption was launched in 2014. Currently, the company manages over 30 million deals per month with more than 55 million users.
With ExpertOption, you can access different technical tools, including eight indicators, four chart types, and trend lines. You can social trade across other platforms, and there are more than 100 assets to trade.
You can trade with ExpertOption via the website or download the mobile app. The mobile app is available on Android and iOS and has recorded more than ten million installs.
ExpertOption also features a desktop app available for Windows and macOS devices. The desktop app is suitable for market analysis with its many customizable analytical tools.
ExpertOption is available in Nigeria and some countries, mainly in Africa. It’s unavailable in notable countries, including the USA, Canada, the European Economic Area, Switzerland, Australia, North Korea, and Singapore.
How ExpertOption Works
How ExpertOption works is simple. You deposit money, select a trading asset and make your trade, then withdraw when you make a profit – or to avoid losing more when there’s a loss.
How much you can trade with will depend on the type of account you’re operating. ExpertOption features six different account types, and they include:
- Micro account: minimum of$10
- Basic account: minimum of $50
- Silver account: minimum of $500
- Gold account: minimum of $2500
- Platinum account: minimum $5000
- Exclusive account: for exclusive traders
However, you don’t have to jump into actual trading with ExpertOption. You can start by practicing with the demo account.
With the demo account, you get up to $10,000 in virtual money that you can use to trade on any asset on ExpertOption. You can train with the demo account for as long as you want. Only move to real-time trading when you’re intensely familiar with how the trading platform works.
How do I deposit on ExpertOption in Nigeria?
Deposits on ExpertOption are primarily via card payments. Typically, the platform supports international cards, including VISA and MasterCard. You can’t make payments using local cards like Verve.
Aside from using cards, other payment methods include online wallets like Skrill, Perfect Money, and WebMoney. These options are relatively faster. You can also deposit crypto.
ExpertOption doesn’t charge any fees for deposits. You get the entire amount deposited into your trading account, down to the last kobo. Note that the minimum you can deposit on ExpertOption is $10.
The deposit is instant, and you can start trading immediately. ExpertOption only allows you to trade 95% of your investment amount for your safety. The minimum amount you can put in trade is $1.
How can I withdraw from ExpertOption in Nigeria?
Just like depositing, ExpertOption withdrawals are easy. First, note that you can only withdraw money from a real trading account. You can’t withdraw from a demo account — many ExpertOption new users make this mistake and then complain that the platform isn’t trustworthy.
You can withdraw your money from ExpertOption from the “Finances” section, and the default withdrawal method is via credit card.
Simply enter and submit the required card details to withdraw. You’ll get your money in the bank account connected to your credit card.
ExpertOption usually processes withdrawals within a day. However, it might take longer in some cases, especially withdrawals that involve vast sums of money. The minimum you can withdraw is $10, and you won’t pay any withdrawal fees.
However, ExpertOption features other withdrawal methods aside from card withdrawal. These alternative withdrawal options may have some charges independent of the ExpertOption platform.
Is ExpertOption legit in Nigeria?
Without a doubt, ExpertOption is a legitimate broker. As a trader, you have an inexpensive option to begin trading online.
The platform provides both high-tier premium accounts and low-deposit micro-accounts. The company offers a wealth of trading tools and client support.
With a license and VFSC regulation, Expert Option is a reliable and licensed broker. It is not a fraud; the FMRC approves the broker. ExpertOption offers a variety of account options, cheap minimum deposits, and safe trading for its customers.
With its Mastercard and Visa SecureCode accreditation, Expert Option guarantees customer security. The broker is also PCI DSS compliant, and Cert Trusted Secure. All data is encrypted using the most sophisticated encryption techniques.
The website uses SSL encryption and AES 256 encryption to encrypt any data sent over it. It has gotten generally positive reviews from traders and independent sources.
You can use ExpertOption to trade different digital assets. The platform may seem complex if you’re new to online trading. Nevertheless, with the information in this post, you should be able to use ExpertOption seamlessly in Nigeria.