Expert Option Indonesia – Is it legal or not?

You are an Indonesian trader and you are interested in trading with Expert Option? – Then you are right on this website. Is Expert Option legal in Indonesia? – Yes it is! It is a fully legal business. Expert Option acts internationally and accepts international clients. There are no restrictions for Indonesian traders.

Expert Option Indonesia

Expert Option Indonesia

ExpertOption Indonesia is a highly recommendable binary options broker for traders resident in Indonesia. To be able to trade binary options, you need to get registered with a binary options broker who then gives you access to its platform from which you can then trade. ExpertOption, one of the most recognized names in the binary options brokerage space, was founded in 2014. Headquartered in St Vincent and the Grenadines, it boasts a trader membership of 9 million.

The broker provides one of the widest arrays of markets that are tradable on its platform. With ExpertOption, you have access to markets such as company stocks, currency pairs, commodities, equity indices, cryptocurrencies, and even ETFs. In between these assets are 100+ instruments that are tradable on ExpertOption’s trading platform.

ExpertOption is present in a lot of countries all over the world. However, it does not provide services to traders in certain countries such as the USA, Switzerland, Austria, Canada, Israel, New Zealand, North Korea, Puerto Rico, Singapore, Bangladesh, Yemen, and the Republic of Sudan. Its services are, however, available to traders in all other countries, including Indonesian traders.

One more remarkable thing about ExpertOption is the quality of its trading platforms. Boasting a good user interface, ExpertOption’s trading platforms are built in a way to offer traders a good trading experience, and evidence of this is seen in the favorable reviews that its mobile applications have garnered on the Google Play Store and the App Store. Its application has garnered 4.0+ ratings (out of 5.0) despite having been downloaded millions of times on both platforms.

Quick facts about Expert Option in Indonesia: 

  • Expert Option accepts traders from Indonesia
  • It is a fully legal business
  • The company is regulated and secure
  • You can start from a $ 10 minimum deposit

(Risk Warning: Your capital can be at risk)

Expert Option features for Indonesian traders

ExpertOption Indonesia is arguably one of the best binary options brokers you can find out there. This is because of the unique services it renders to traders some of which are summarised below.

Social Trading

One very unique feature provided by ExpertOption Indonesia and not readily found with other binary options brokers is social trading. With social trading, you can see what trades other traders are making and what strategies they are making use of. There is a leaderboard for the most profitable traders and you can get to “follow” them. As such, in essence, it works like a “social media” for traders.

Social Trading for Indonesian traders

Social Trading for Indonesian traders

This provides a crucial avenue for new traders who are not yet well-grounded in the art of trading to become profitable as they can copy the trades of veterans. They also add to their knowledge as they learn by experience.

Finance

Expert Option has an affiliate known as EO.finance. EO.finance, a separate service, is a cryptocurrency wallet and exchange platform. Here, you can get to exchange cryptocurrencies into fiat and to other cryptocurrencies.  There is a pretty large selection of coins (up to 40 major coins) that you can buy with this wallet. Hence, you can invest in cryptocurrencies right with the same broker through which you trade binary options. As a result, ExpertOption functions like a one-stop-shop for your investing and trading services.

The EO.finance office is based in Estonia and is regulated by European authorities.

Security

One crucial factor you have to consider when choosing a binary options broker is how secure their trading platforms are. Expert Option makes use of the latest SSL encryption, which is evidenced in the green padlock that you see in the browser window when you are on its website. This sophisticated Expert Option is SSL encrypted and you can see this by observing the green padlock in the browser window. This means that all of the information that you send to Expert Option’s servers is encrypted using AES 256 encryption, one of the most secure you can find anywhere.

Expert Option Indonesia trading platform

Navigating the Trading Platform:

ExpertOption trading platform

ExpertOption trading platform

When you open the trading platform whether through the mobile app or on PC, you first encounter the trading home page, with charts and the trading buttons (at the bottom left corner is the Green button; it signifies CALL in binary options lingo, which means “going long” or a  “Buy” trade. The Red button on the other hand signifies PUT, which means “going short” or a “Sell” trade).

This is for the Demo Account. With ExpertOption Indonesia, you don’t need to go through any registration process to start trading with its demo trading account.

For Real Account, at the center-top of this demo account page is a blue icon on which is written: “Real Account.”

  • Click this and you get taken to a registration page.

There are 2 options through which you can register.

I) Registration Form

The registration form in this case is quite a simple one only by requiring your email address and a password. After entering this, you click the green button with the inscription “Create Account.”

Although you can carry on with most services on the trading platform, to be able to do complex things like making deposits, you have to verify your email by clicking the link in the mail sent to your inbox.

II) Social Media

Alternatively, you can register through either of the social media options listed, Google+ or Facebook.

Demo account in Indonesia

The benefits of a demo account are multifarious. With a broker’s demo account, you can test such broker’s platforms and services before deciding to trade with such a broker. A trader gets to know if the broker’s platform is worth committing to one’s capital too. With ExpertOption Indonesia, you have access to a $10,000 binary options demo account packed with almost the same features that you get with its Basic live account.

ExpertOption provides you with the benefits of a demo account outlined above without needing you to sign up or register on its platform. With other brokers, you always have to sign up and submit your personal data.

Trader Education and Training

Alongside a binary options demo account, Expert Option also freely gives you access to other services such as a training program. Features of Expert Option Indonesia’s training program include:

  • Accessible

ExpertOption Indonesia’s educational materials are made accessible to all interested persons. You can get them on any of its platforms without you needing to go through any registration process whatsoever. Another angle to this accessibility is the fact that the course content is presented in video format. This sort of caters to almost all categories of learners, as almost everyone is comfortable with video learning.

  • Comprehensiveness

The contents provided by Expert Option Indonesia are quite all-encompassing, as they cater to the needs of both beginner and expert traders. The educational resources cover fundamental and technical analysis, analysis of charts, trading psychology as well as trading strategies.

ExpertOption minimum deposit in Indonesia

The live account falls into categories, and the category you desire determines the minimum deposit you put up. These categories are outlined below:+

Expert Option account types in Indonesia

Expert Option account types in Indonesia

Micro Account

Required Deposit: Between $10 and $49.

Benefits include:

  • Access to educational materials and training.
  • A maximum number of 10 trades allowed to be opened at a single time.
  • $10 maximum trade value for each trade.

Basic Account

Required Deposit: Between $50 and $499.

Benefits include:

  • Access to educational resources and materials
  • You can open a maximum of 10 trades at a particular time;
  • Maximum trade value of $25.

Silver Account

Required Deposit: Between $500 and $2,499.

Benefits include:

  • Access to educational resources and materials.
  • Access to daily market reviews and financial research.
  • Increase in a number of trades to 15 at a particular time.
  • Maximum allowable trade value of $250 for each trade.

Gold Account

Required Deposit: Between $2,500 and $4,999.

Benefits include:

  • Access to educational resources and materials.
  • Access to daily market reviews and financial research.
  • Access to priority withdrawal.
  • Increase in maximum allowable trades at a single time to 30 trades at a particular time.
  • Increase in maximum trade value per trade to $1,000 per single trade.

Platinum Account

Required Deposit: $5,000 and above.

Benefits include:

  • Access to educational resources and materials.
  • Access to daily market reviews and financial research.
  • Access to priority withdrawal.
  • You can open an unlimited number of trades at a single time.
  • Your maximum deal amount is now increased to $2,000 for every single trade.
  • Access to dedicated account managers.

Exclusive Account

For this, you don’t require any deposits whatsoever. To, however, have access to it, you will get invited by ExpertOption Indonesia themselves.

Benefits include:

  • Access to educational resources and materials.
  • Access to daily market reviews and financial research.
  • Access to priority withdrawal.
  • You can open an unlimited number of trades at a single time.
  • Your maximum deal amount is now increased to $3,000 per single trade.
  • Access to personally dedicated account managers.

Deposit methods in Indonesia

ExpertOption Indonesia provides you with a wide number of options through which you can make deposits into your binary options trading account. They are summarised below:

  • Bank cards: These can be debit or credit cards. However, they have to be powered by one Visa, Union Pay, or MasterCard. Deposits made through this channel should get reflected almost immediately.
  • Electronic wallets such as Perfect Money, Neteller, Skrill, WebMoney, FasaPay, and PayPal, amongst others. This deposit channel should also get credited immediately.
  • Bank Transfer: Expert Option Indonesia makes it possible to make transfers from your local bank account in almost any country. However, the problem with this is that it might take longer periods of time for the deposit to reflect in your trading account.
  • Cryptocurrencies: The broker also accepts digital currencies like Bitcoin, Ethereum, or Litecoin.

Withdrawal methods in Indonesia

The channels through which you make deposits above are also the same available channels through which you get to withdraw your money.

Conclusion on ExpertOption Indonesia

Are you resident in Indonesia, and need a standard binary options broker? Then, Exper Option Indonesia is the best choice to make. The broker offers many awesome features such as social trading, EO.finance, and security. When you open an account with them, you get to be able to navigate its trading platform. With ExpertOption in Indonesia, you can ensure your trading success. It is a fully legal business.

(Risk Warning: Your capital can be at risk)