How To Make Money Trading On The ExpertOption App

Are you a fan of online trading? In this guide, I will show you how to make money trading on the ExpertOption app.

This is one of the leading online trading apps, apart from Quotex, Olymp Trade, and Binomo among others.

But before we disapprove of this app, let me talk to you about Quotex.

This is one of the fastest-growing online trading apps right now. And if you are not using it, you are definitely missing out on a lot.

Quotex comes with tantalizing bonuses and the platform looks really great.

I mean, don’t take my word for it, here is a link to my latest review. Inside, I talk about this epic app and share my experience and strategies.

I have also written about Olymp Trade, Binomo, and IQ Option. These are the best Quotex alternatives, but I highly doubt they can beat it.

Either way, it is better to have options, so don’t forget to check out my thoughts on each of these platforms once you are done here.

What is ExpertOption?

Unless you are completely new to this world, you already have an idea of what ExpertOption does.

In a nutshell, it is an online trading platform that specializes in short-term trades.

These trades are on a variety of assets, ranging from commodities to crypto, among others.

The expert option app allows you to make money on price changes of an asset, again, can be stocks, currencies, gold, oil, or bitcoin.

And like other online trading apps like Olymp Trade and Quotex, Expert Option trades last from a few seconds to a couple of hours.

This means that if you are looking for a way to make money in a matter of minutes, this is the app you should consider.

Should I use ExpertOption?

Before we look at how to make money trading on the expert option app, let’s get something off the shelf first, its pros and cons.

Pros

• Low Minimum Requirements: You can start trading with as little as a $10 deposit and individual trades for as low as $1. This makes it accessible to beginners.
• User-Friendly Platform: The interface is designed to be intuitive and straightforward, even for those new to trading.
• Demo Account: Practice your strategies and get familiar with the platform before risking real money with a demo account.
• Variety of Assets: ExpertOption offers a decent selection of currencies, commodities, stocks, and cryptocurrencies to trade.
• Educational Resources: The platform provides some basic educational materials and trading tutorials.
• Social Trading: You can see the trades of other users, which might give you ideas or insights.

Cons

• Limited Regulation: ExpertOption is regulated by the Vanuatu Financial Services Commission (VFSC), which may not offer the same level of investor protection as some higher-tier regulators.
• Focused on Short-Term Trading: The platform’s emphasis on very short trades can be riskier and might encourage impulsive trading decisions.
• Withdrawal Complaints: There have been reports of issues with withdrawals, such as delays or rejections.
• Limited Trading Tools: Compared to more advanced trading platforms, ExpertOption’s technical analysis tools and features are relatively basic.
• Potential for Addiction: The fast-paced nature of short-term trading can be addictive for some individuals.

So, should you use ExpertOption?

Well, unfortunately, I can’t decide that for you. It depends on your goals and risk appetite. 

If you’re a beginner looking for an accessible way to explore short-term trading with small amounts of money, ExpertOption could be an option while you learn. 

However, always proceed with caution and thorough research.

That said, let’s look at how to make money trading on the Expertoption app.

How To Make Money Trading On The Expert Option App

Before you can make money on ExpertOption, you need an account.

So, head over to expertoption.com to create a free account. You first need to start with a demo account.

So go ahead and click on the Try free demo to get started.

The beauty of expert opinion is that you don’t need an account to experience its power.

Inside, this is what it looks like.

I have subdivided the UI into three parts to help you understand what goes where.

A – This is the section you can use to find apps, analytics, trade history, withdrawals, help, contets, and other crucial settings.

B – If you’d like to invite a friend to join expertoption, use this section. Also, switch from a demo to a live account, where you can earn real money. I’ll explain what that means in a minute.

C – use this section to set the trade terms. Pick the investment amount and either sell or buy the asset.

There are of course other settings here.

For example, if you don’t like the line chart, you can switch to candlesticks from this section.

Also, find the charting tools here. You won’t be able to make consistent profits through guesswork, you will need technical analysis to get the best results.

When you change the chart type, this is what it looks like.

As you can see, I have activated the Japanese candlesticks.

What’s interesting about expertoption is that you can see what fellow traders are doing live on the chat.

How to place your first trade on ExpertOption

The first step is to pick an asset.

You can search for a specific asset or pick one based on its profitability. You can easily see which asset will return more money by looking at the profit percentages.

For example, the EUR/USD pair is giving 85% profit while the USD/CHF pair is only returning 77%.

So pick the asset and click confirm to add it to your chart.

Next, set the investment amount and decide if the asset’s price is going up (you buy) or going down (you sell).

When you do that, you can follow the performance of your trade on the chart like so.

Now, there’s something you need to know.

The money you make inside expertoption demo account cannot be withdrawn.

Why?

Because they aren’t real money, duh!

If you want to make real money, the demo account isn’t the place. You need the live account, and I am going to show you how to get it in a minute.

For now, if you want to test some new strategies and hone your trading skills, use the demo account.

It comes with $10,000 free virtual money that you can replenish when you exhaust.

How to deposit funds into Expertoption

Here’s a step-by-step guide on how to deposit funds into ExpertOption:

Then switch from your demo account to a real account.

Before you start:

• Create an Account: If you haven’t already, register for an ExpertOption account on their website (https://expertoption.com/)
• Account Verification: You might need to verify your account to proceed with deposits. This usually involves providing identification documents.

Deposit Process:

1. Log in: Log in to your ExpertOption account.
2. Deposit Section: Navigate to the “Deposit” or “Finances” section of your account dashboard.
3. Choose Payment Method: ExpertOption offers various payment methods, typically including:
   • Credit/Debit Cards (Visa, MasterCard)
   • E-wallets (MPESA, Skrill, Neteller, Perfect Money, WebMoney, etc.)
   • Bank Transfers
   • Cryptocurrencies
4. Enter Amount: Select the amount you wish to deposit. ExpertOption has a minimum deposit of $10.
5. Provide Payment Details: Follow the on-screen instructions and fill in the required details for your chosen payment method securely.
6. Confirm and Complete: Double-check the information and confirm the deposit.

Things to Remember

• Processing Time: Deposits are usually processed quickly, especially with e-wallets and crypto. Bank transfers might take longer.
• Deposit Bonuses: ExpertOption may offer deposit bonuses. Be sure to understand the terms and conditions of any bonus before accepting it.
• Limits: Different payment methods might have varying minimum and maximum deposit limits.

If you’re new to ExpertOption, I would advise you to begin with a smaller deposit to test the platform first.

And always ensure your payment details are entered securely on the official ExpertOption website or a trusted payment gateway.

If you encounter any problems during the deposit process, don’t hesitate to contact ExpertOption’s customer support for assistance.

How to withdraw earnings from ExpertOption

Assuming you’ve been trading and have sizable earnings, this is how to cash out.

Before I show you how to withdraw earnings from ExpertOption, there are some things you need to know:

• Account Verification: You’ll likely need to have a verified account with ExpertOption before you can withdraw. This involves providing them with identification documents.
• Withdrawal to Original Method: In most cases, you’ll be required to withdraw funds using the same method you used for depositing to prevent money laundering.
• Pending Withdrawals: You might only be able to have one withdrawal request pending at a time.

The Withdrawal Process:

1. Log in: Log in to your ExpertOption trading account.
2. Withdrawal Section: Find the “Withdrawal”, “Finances” or similar sections on your account dashboard (might be on different sections on mobile app and desktop).
3. Select Method: Choose the same payment method you used for depositing (if available).
4. Input Amount: Enter the amount you want to withdraw. Keep in mind any minimum withdrawal limits set by ExpertOption or your payment provider.
5. Provide Details: Fill in any necessary details as instructed by the platform. This might include your e-wallet account information or bank account details.
6. Submit Request: Review your withdrawal information and submit the request.

Processing and Timeframes

• Processing Time: ExpertOption usually aims to process withdrawal requests within a few business days. However, delays can happen.
• External Factors: The exact time it takes for the funds to reach you depends on your chosen withdrawal method. E-wallets are typically faster, while bank transfers can take longer.

And that is how to make money trading on the expertoption app.