What You Should Know Before Using ExpertOption

Published on: 27 May 2018 Last Updated on: 09 August 2019

ExpertOption, a binary options broker launched in 2015 and based in St Vincent and the Grenadines is a relatively new broker within the binary options arena.

In their 2018 review of ExpertOption, BinaryOptionsExpert.net praise their ability to cater to both more and less experienced investors, giving an overall rating of 4.8 stars, with ExpertOption scoring between 4.6-5.0 stars throughout the categories of Accounts, Bonuses, Features, Trades, Mobile, Banking and Support.

What’s Good About It?

ExpertOption offers four account types, each with varying benefits and deposits: the Mini Account with a $50 deposit, alongside the Silver, Gold and the VIP Account, which requires a $2,500 deposit. BinaryOptionsExpert.net award ExpertOption’s Account Types 5.0 stars, identifying them as a great beginner broker, with a minimum trade of just $1.

ExpertOption offer over 50 assets, with gold, oil, stocks, currency pairs, and Forex pairs, earning them 4.6 for Trade Types and Payouts. Moreover, ExpertOption offers two trade types: 60-second options: an extreme option in terms of expiry times, which is great for traders with limited time. The second trade type, High/Low Options has a 15-minute expiry time, offering greater flexibility. ExpertOption also claims to offer bigger payouts than other brokers, with up to 95% of profits being rewarded.

Bonuses and Promotions are one of the expert options strengths, earning a perfect 5.0 stars, thanks to their sliding scale bonuses based on account types. A 50% bonus is available with a Mini Account, increasing to 80% with the Silver Account, 100% with Gold and 125% with a VIP Account.

ExpertOption accepts debit, credit cards and alternative payment methods including Skrill and Neteller. Commission-free withdrawals and the speed and ease with which deposits can be made earns their Banking capabilities 4.7 stars. Following the $50 deposit required to open a Mini Account, the minimum deposit required thereafter is $10, with priority withdrawal for Gold and VIP Accounts.

When it comes to Customer Support (4.9 stars), BinaryOptionsExpert.net noted ExpertOption’s 5 different contact options and languages: English, Russian, Chinese, Thai and Hindi, each with a phone number and email address. Inexperienced traders can get accustomed to the platform without risking real money, thanks to the $10,000 demo account, whilst an informative education center covers everything from trading strategies to jargon, earning ExpertOption’s Special Features 4.6 stars.

What Could Be Improved?

Despite an impressive 4.8 star rating thanks to apps for iOS and Android devices and a mobile site, BinaryOptionsExpert.net note the difficulty in navigating ExpertOption’s mobile site, with a lack of responsiveness and certain aspects not being optimized for mobile usage.

Although ExpertOption claims to offer a quick withdrawal turnaround time, exact time is not stated, with some traders experiencing more long waiting times. Equally, whilst ExpertOption’s English helpline is available 24/7, helplines in other languages are only available at specific times Monday-Friday.

Overall:

Ultimately, BinaryOptionsExpert.net highlight ExpertOption’s suitability for new and experienced traders alike. A useful demo account and extensive educational resources facilitate risk-free trading for inexperienced users, whilst the mobile app is ideal for trading on the go.

With accounts ranging from Basic to VIP and the ability to open an account with just $50, this review reaffirms how traders of all levels can try ExpertOption.

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Trading Versus Investing: Which Is Right For You?

There are two distinct stakeholders in every market, we have the traders and the investors. These two sets of people have one thing in common, they both want to make a profit however they approach the market differently. If you are reading this article you are probably interested in the market but, you are a little bit dazed about either deciding on trading or investing. It's time to cheer up friends, don't be disturbed anymore, your questions would be clarified after reading this article. This article would share the necessary information you require to make your decision; trading or investing. Let's get started. What is trading? Trading is a financial activity carried out to earn a profit from short-term fluctuations in the market. Trading involves buying and selling financial instruments; stocks, currencies, commodities, and derivatives to make profits from their price movements within short periods. What is investing? Investing is a long-term financial activity where investors buy a financial instrument; for example, stocks that can yield returns in the long run. Unlike trading, investing requires creating a variety of portfolios of assets and keeping them through every stage of the market till the period they wish or project to take their returns. Unlike trading which is reliant on price movements for returns, investing grants numerous benefits such as bonuses, dividends, buybacks, stock splits, and more. The similarities between trading and investing Trading and investing have a similar objective which is to make a profit. They both offer the possibility of getting rewards. Trading and investment both hold the possibility of a loss; they both have financial risks. You need an account/broker to either trade or invest. Without an account, you cannot buy and sell or invest in stocks, ETFs, options, currencies, and others. The differences between trading and investing The table below would give you a better understanding of the differences between traders and investing: CharacteristicsTradingInvestmentRiskHighModerate/LowCapital growthFrom short-term profitAmass gains/wealth overtime while minimizing risksIntentionPurchase assets during the short term and take advantage of mispricing/irregular price movements in the marketBuy investments and hold them for a long period to grow capitalLeverage offeredYesNoAnalysis neededTechnical analysisFundamental analysisCapital gainsMajorly short termBoth short-term and long termPeriod of investment trackingHigh/ConsistentMedium/lessAsset durationSeconds, minutes, a few hoursWeeks, months, years/decadesAssetsStocks, optionsStocks, bonds, ETFs, mutual funds Conclusion When you are about to make a decision; trading or investing, be introspective. Ask yourself and consider how patient you are. Are you knowledgeable about investing or trading? What are your skills or expertise? Can you manage risks? Or do you prefer to play safe? Based on these questions and your strengths or weaknesses you can think about, you can now decide which; trading or investing is best for you. Remember, trading is more susceptible to financial risk because it is a short-term activity while investing is long-term and less susceptible to financial risk. Trading and investing are not profitable though trading can be a way to earn quick profits while investing wins come in the long run but with fewer losses than trading. You can find your perfect binary options broker as a trader or investor today. Frequently Asked Questions (FAQs) I. Do traders earn more than investors? We can not authoritatively say that a trader is earning more than an investor vis-a-vis. Traders and investors both have the potential to profit. But they both have to make the right and smart decisions otherwise they would lose money. II. What types of trading can I engage with? There are four types of trading; day trading, position trading, swing trading, and scalp trading. Day trading: Positions are held during the day alone. Position trading: Positions are held for months to decades. Swing trading: Positions are held within days to weeks. Scalp trading: Positions are held within seconds to minutes. Scalp trading is usually operated during the day alone. III. What types of investing can I engage with? Some of the types of investing you can engage in are index investing, active investing, passive investing, value investing, market cap-based investing and growth investing. Read Also: Unveiling The Dark Side Of Trading: Exposing Binary Options Scams And Ensuring A Secure Future What Beginners Must Know About Trading Options In Dubai Margin Trading Tips & Strategies For Beginners

Delays In Tax Return Processing: Common Reasons And How To Resolve Them

Filing taxes is an annual obligation that individuals and businesses must fulfill. As tax season approaches, taxpayers eagerly anticipate their tax refunds, which can provide much-needed financial relief. However, delays in tax return processing can be frustrating and worrisome. This article aims to shed light on the common reasons behind tax return processing delays and provide practical solutions to resolve them. Understanding Tax Return Processing A tax return assessment includes assessing and computing income tax declarations submitted by individuals and businesses. The Internal Revenue Service (IRS) or relevant tax authorities review the information provided, verify the calculations, and determine the taxpayer's liability or refund amount. The processing time for tax returns varies depending on various factors, such as the complexity of the return, the accuracy of the information provided, and the volume of returns received by the tax authorities during peak season. Common Reasons for Delays in Tax Return Processing Incomplete or Incorrect Information One of the primary reasons for delays in tax return processing is the submission of incomplete or incorrect information. Mistakes in providing essential details, such as Social Security numbers, income figures, or deductions, can trigger a delay in the processing of the return. Missing Supporting Documents Taxpayers are required to attach supporting documents, such as W-2 forms, 1099s, and receipts, to validate their reported income and deductions. Failure to include these documents can lead to processing delays as tax authorities may request additional information. Filing Multiple Tax Returns Some taxpayers may unintentionally file multiple tax returns, especially if they have moved or changed their address. This duplication can confuse the tax authorities and result in delays. Complex Tax Situations Tax returns with complex financial situations, such as investment income, rental properties, or self-employment income, require meticulous examination. As a result, these returns often take longer to process. How to Resolve Delays in Tax Return Processing Double-Check Your Information To avoid delays caused by incomplete or incorrect information, carefully review your tax return before submitting it. Verify all personal details, income sources, deductions, and credits. Gather All Necessary Supporting Documents Before filing your taxes, ensure that you have all the required supporting documents. Organize your W-2s, 1099s, receipts, and other relevant records to provide a complete and accurate picture of your finances. Contact the IRS or Tax Authorities If you suspect a delay in your tax return processing, consider reaching out to the IRS or the relevant tax authorities. They can provide information on the status of your return and offer guidance on resolving any issues. Seek Professional Assistance In cases of complex tax situations or uncertainty, seeking help from a tax professional or accountant can be beneficial. These experts can navigate the complexities of tax laws, ensure accurate filings, and minimize processing delays. When it comes to finding the best assistance for your tax needs, companies such as Ideal Tax are a viable option. Checking the Status of Your Refund As a taxpayer, it’s always a relief to know when to expect your refund. Luckily, the IRS has made it easy to check the status of your tax refund through the “Where’s My Refund?” tool. This online tracker can be accessed simply through the IRS website or the IRS2Go app. To proceed, you will need to provide your Social Security Number or taxpayer identification number, along with information about your filing status and the exact refund amount that is listed on your tax return. Please note that these details are required. Whether you filed electronically or through the mail, this tool will update you on the progress of your refund. So, skip the stress and check on the status of your refund with this easy-to-use and essential tool. How Long Does it Take to Process a Tax Return? While there is no definite answer, there are some general guidelines to keep in mind. For electronic returns, the IRS typically processes them within 21 days. For those who choose to file their taxes on paper, the processing time may take a bit longer - usually around four weeks. However, these are just ballpark figures, and there may be extenuating circumstances that cause delays. In the end, it's always best to stay patient and keep tabs on your refund status through the IRS's online tracking tool. Avoiding Future Delays To prevent future delays in tax return processing, adopt the following practices: File your tax return early to avoid the peak season rush. Use reputable tax software or consult a tax professional for accuracy. Maintain well-organized financial records throughout the year. Keep track of tax law changes and updates that may impact your return. Conclusion Delays in tax return processing can be frustrating, but they are not uncommon. By understanding the common reasons behind these delays and taking proactive steps to resolve them, taxpayers can ensure a smoother and more efficient tax filing process. Remember to double-check all information, provide the necessary supporting documents, and seek professional help if needed. Read Also: Important Things You Need To Know Before Filing For Bankruptcy Raising Capital For Startups: How An LLC Structure Attracts Investors Glenn Sandler (CPA) of G.I. Tax Service: What to Do If You Can’t Pay Your Taxes

What Is A Pay Stub?

When it comes to financial record keeping, there's perhaps no other document more important for you to save than your pay stub. You might think your employer would provide you with a year-end summary of your earnings, but that's not always the case. Avoid tax and employment problems down the road by holding onto your pay stubs and knowing how to read them. This quick guide will help you to understand the importance of your pay stub. What is a Pay Stub? A pay stub is a payment statement that you receive from your employer that details how much money you've earned in a given pay period, as well as any deductions that have been taken out of your paycheck. This can include things like taxes, health insurance, and retirement savings contributions. Although the federal government does not require employers to provide their workers with a pay stub, most states have their own laws in place that mandate this. In some cases, your employer may opt to provide you with an electronic pay stub, rather than a physical one. If this is the case, be sure to print out a copy and save it for your records. Why Are Pay Stubs Important for Financial Record Keeping? You will need your gross and net payment details at tax time to accurately report how much money you earned over the course of the year. Your pay stub information helps you keep track of any staff benefits that have been added to or deducted from your paycheck. This is important for two reasons: first, it can help you to budget accordingly; and second, if there are any discrepancies, you'll have documentation to back up your claim. Finally, pay stubs can also serve as proof of employment in the event that you need to apply for a loan or other type of financial assistance. How Do I Read a Pay Stub? Pay stubs can vary somewhat from employer to employer and the payroll system they use. Generally, most pay stubs will contain the following information: Your name and contact information Your employee ID number The check number The date of the pay period The amount of money earned during the pay period A breakdown of any deductions that have been taken out If you have any questions about your pay stub, be sure to ask your employer for clarification. After all, it's important that you understand exactly how much money you're taking home each week or month. How Long Should You Keep Your Pay Stubs In general, it's a good idea to hold onto your pay stubs for at least one year. This will give you plenty of time to file your taxes and resolve any discrepancies that might arise. If you're self-employed, you'll need to create a pay stub each month and keep them on hand for even longer than a year. That's because you'll need them to prove your income in the event that you ever apply for a loan or other type of financial assistance. How To Create A Pay Stub If your employer doesn't provide you with a pay stub, or if you're self-employed, but if you do not know how to make paystubs then you can create your own using an online pay stub generator. This is a quick and easy way to create a pay stub, but it's important to work with reputable companies that provide you with a document that will be considered legitimate by the US government. Make light work of your financial record-keeping by using our pay stub generator which is easy to use and generates safe documents. Start by selecting the right pay stub template. Read Also: Bridging Loans Explained Top Ten Solutions Offered At Ocbc Securities Seven Benefits Of Hiring A Professional Bookkeeper B Corps Vs Public Benefit Corporations: Understanding Ethical Investing

What You Should Know Before Using ExpertOption

What’s Good About It?

What Could Be Improved?

Overall:

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Trading Versus Investing: Which Is Right For You?

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What Is A Pay Stub?

What You Should Know Before Using ExpertOption

What’s Good About It?

What Could Be Improved?

Overall:

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What You Must Know about ELSS before you Invest

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Popular

Follow Us

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