ExpertOption is not legal or clear

[casinosenlinea]

Webmasters, I want to tell you about the affiliate program for binary options expertoption.com


In its FAQ once registered the following appears to collect:


How do I get paid?
To get paid you need to choose the payment method and add your billing information. The minimum amount of payment is $ 10.
What is the payment schedule?
Affiliate income is paid twice a month: within 10 working days after the 15th of each month for the first half; Within the first 10 days after the 1st day of each month for the second half of the month.


Now according to the company it is necessary to have 5 traders actived to collect. According to his argumentation is added in its terms and conditions.


Anyway, do we have to read the webmasters all the terms and conditions of all programs? If it were transparent I would put it in your FAQ clearly as other companies do, such as IqOption and others.

[andreigadina]

We are affiliate program of the online binary options trading platform. Maximize your profit with our promos, great affiliate features. Get up to 60% broker profit with lifetime revenue sharing program. Get hight conversion rate with your traffic!

can you detail this aspect?

Now according to the company it is necessary to have 5 traders actived to collect. According to his argumentation is added in its terms and conditions.

so , i need 5 active traders in order to receive payment as an affiliate?
so i will receive up to 60% of broker profit , if i good understand.
exeple
trader 1 loose 250 usd in this month
trader 2 loose 250 usd in this month
trader 3 loose 250 usd
trader 4 loose 250 usd.
trader 5 win and withdraw profit 1001 usd
so , i will receive 0.6 usd affiliate commision?

[andreigadina]

1. License and regulations – ExpertOption brokers are not licensed by any Licensing agency with authority of repute and one that is trusted by many investors like CySEC. The licensing authority in the name of CROFR is locally based and this makes ExpertOption to have confidence issues with traders who are willing to trade on its platform. They view it as a local broker that is not compliant with international standards and most of them would rather trade with other well known binary options brokers. Most traders recognize brokers who have a CySEC certification and ExpertOption is not one of them.
2. if i good understand you not have CYSEC license , but you have license CROFR (russia)

[UFX Affiliates]

Not all affiliate programs requires minimum traders to get paid.

[MrBinaryAff]

Legal? Binary Options don't fall under any category usually, as there as no such laws about "Binary Options", but there is usually something about Forex, Casino and betting.

About terms.. You can reach their affiliate manager who will gladly explain everything. And yeah, there are other brokers, why you want to partner with ExpertOption?