How to open an account on ExpertOption

How to open an account on ExpertOption
How to open an account on ExpertOption

The platform offers two types of accounts: demo and real. With the former, you don’t have to sign up and do verification, you can get started right away.

Create a live account

You can practice trading with the demo account, but you are still working with virtual funds. Creating a real one allows you to earn and withdraw money. To create one do the following:

Go to the live account button at the top of the screen. A popup appears where you need to submit your email, Facebook or Google account and a strong password. Accept the terms and conditions and finish by clicking the Account button.

After that, you’re done. You still have to verify it by email. Afterwards, your account will be activated, but you still need to perform an identity verification and deposit money.

Moving Average Technical Indicator

The platform offers tools that help with trading. See the moving average which shows a green line that moves in the same direction as the price fluctuations and shows the average value. It is very useful for setting upper and lower price limits and predicting a good strike rate. You can also see the price trend over a period of time.

How to use it?

Go to the indicators on the platform and click on the moving average. Choose the average period, color, type and width. Click apply and the moving average line will be displayed. Analyze the graph for a while. Is there a trend? The point where the line cuts below the price fluctuation indicator is the strike price. Go to the p button to see past trends. There may be some repetition. If the moving average line passes above the price fluctuation indicator and stays above it, you should go to the button below.

You can learn more about the market movement in the educational section.

Account Verification

By verifying your account, you prove that you are not a bot, but a real trader helping with the safety of funds. If someone else tries to withdraw money from your account, they will not be allowed.

Click on finance and withdrawal and then confirm the information button.

You will have to upload a photo of your ID and a photo of your credit card. Then submit your email, address, and other information. Click save changes and submit. Verification can take up to 3 days.

Earn money by copying other traders

A unique feature of the platform is connected to following and copying other traders. It doesn’t matter where they are. If you are a beginner, this is a great strategy. This also makes it very easy to enter and exit trades at the right time. Here’s how to do it.

Click on the social media icon. A window will appear with all the traders who are online, open trades and people who are trading the same asset as you. You can predict the position up or down based on what others choose. Then just copy whatever they’re doing.