Expert Option Review 2024
United States not accepted.Pros
- There's a decent range of educational resources, including trading strategies, webinars and platform tutorials
- The broker offers an easy to use, beginner-friendly proprietary trading platform with 4 chart types and social trading features
- The diverse range of account currencies and 20+ accepted payment methods allow for flexible funding
Cons
- Expert Option isn't available in several countries, including the EU, Australia and the US
- The SVGFSA is a weak financial regulator with limited safeguarding measures
- There's a very small list of binary assets with just 100 on offer compared to 1000+ offered by some competitors
Expert Option Review
ExpertOption.com is a popular online broker offering digital options. In this Expert Option review updated for 2024 we test the broker’s trading platform and app, banking options, customer service and all other important aspects of using Expert option for day trading.
ExpertOption Headlines
Expert Option began providing services to traders in 2014 and currently executes over 30 million deals each month. The company’s services are available in 48 countries, and at the time of writing, the brand has more than 70 million registered users worldwide.
Platforms
ExpertOption offers a variety of intuitive platforms, with the choice to trade via the web, mobile app, or dedicated desktop terminal.
While many brokers choose an existing platform (typically MetaTrader 4 or MetaTrader 5), Expert Option created its own platform that is fully customizable and can be tailored to the needs of each client. All features are easily integrated, whether the user is investing via a desktop or mobile device.
Multiple signals and analysis tools are available, including;
- Eight indicators
- Four chart types
- Multiple trend lines
The platform also supports social trading, a helpful feature where clients can monitor and copy the deals of top traders to maximize profits.
Assets & Markets
3 / 5ExpertOption supplies up/down binaries on more than 100 of the most popular and widely traded instruments, including stocks, commodities, currency pairs, futures, and cryptos.
Among the brand’s most popular assets include equities (McDonald’s, Facebook, Apple), commodities (gold, platinum, silver), top forex pairs (USD/EUR, GBP/USD, EUR/GBP), and cryptos (Bitcoin, Bitcoin Cash, Ethereum).
Spreads & Commission
Expert Option charges a commission of $5 on any winning trades. When it comes to payouts, the brand takes up to 5%, which is below the industry standard of 15%.
Importantly, spreads vary depending on the type of account, though they can be as low as 0.1 points. It is also worth noting that spreads increase or decrease with market conditions.
Expert Option is completely free to join. There are no fees associated with trading, except a commission on winning trades and an overnight swap fee. With that said, there is an inactivity fee of $10 a month.
Leverage
Expert Option does not offer any leveraged products such as CFDs.
Mobile Apps
Expert Option has dedicated mobile apps for Android and iOS devices. These can be downloaded from the Google Play Store or Apple App Store. Alternatively, users can download the APK install file direct from the official website. Each mobile app is highly rated in their respective stores.
Our app review was impressed with the quick withdrawals, access to a free demo account, and the array of over 100 instruments complete with professional investment conditions. With that said, those who want to get a little more technical should stick to the dedicated desktop app or web platform.
Expert Option Payment Methods
ExpertOption provides users with several deposit and withdrawal methods, which helps make the brand inclusive for traders worldwide.
Deposits
Keeping the minimum deposit at $10 allows investors from all walks of life to join the platform and start their trading careers. Deals can be made for a minimum of $1 and you can deposit in any local currency. The maximum deposit amount is $5000 while the broker recommends that bigger sums are split into several transactions.
The deposit process benefits from the 20+ payment systems, providing a convenient solution for investors wherever they are based.
Some of the most popular payment options include:
- UPI
- Visa
- Skrill
- QIWI
- RuPay
- PayTM
- Yandex
- Neteller
- Fasapay
- Maestro
- UnionPay
- WebMoney
- MasterCard
- Wire Transfers
- Perfect Money
- India Online Banking
- Cryptocurrencies like Bitcoin, Ethereum and Ripple
Note, the broker doesn’t accept PayPal.
Withdrawals
ExpertOption has streamlined the payment process so that requests are fully processed within two business days (Monday – Friday). Depending on the method and account type, withdrawals can also be processed almost instantly, usually via cryptocurrency or e-wallets.
The minimum withdrawal amount is only $10; in most instances, account verification is required before any withdrawal is approved. The first withdrawal can only be processed through the same payment method as the deposit.
Demo Account
Expert Option provides a demo account for its clients to hone their skills and explore the platform before investing real money. Demo accounts come with a balance of $10,000. All you need to do is choose ‘create account’, then ‘login demo.’
Bonuses & Promotions
The platform offers a 100% welcome bonus on first-time deposits starting at $30. Traders have precisely one hour following the creation of their account to take advantage of the offer.
Perks are also available to existing traders, though the offer percentage differs from those who are depositing for the first time.
Importantly, bonuses cannot be withdrawn; they can only be utilized on the site’s platform, though you are allowed to take out any profits earned.
Regulation & Licensing
Expert Option is currently licensed by the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA), which allows the company to provide financial services globally. This isn’t the most reputable regulator due to its offshore status.
The brokerage is also part of the Financial Commission Compensation Fund. This covers up to €20,000 per customer if Expert Option fails to comply with the Financial Commission’s rulings.
Additional Features
ExpertOption features an informative education section on its website which is suitable for investors of all experience levels. Customers can learn about stock indices, currencies, binary options, and detailed strategies.
The primary sources of educational materials are webinars, video tutorials, and in-depth articles, all of which can help traders better understand market signals, how indicators work, and plenty more. In addition, investors can browse a comprehensive glossary of all relevant trading terms and their definitions.
But perhaps one of the most innovative aspects of the Expert Option platform is social trading, where users can study the actions of VIP traders and get inspired to try out new strategies. For a fee, users can also replicate the positions of seasoned professionals.
Live Accounts
After an easy registration process, ExpertOption provides six different types of accounts:
Micro
- $10 minimum deposit
Basic
- 24/7 trading access
- Educational materials
- $50 minimum deposit
- Access to privileges
Silver
The most popular choice. All the Basic features plus:
- Free consultations
- $500 minimum deposit
- Personal account manager
- Daily market reviews and financial research
Gold
All the Silver features plus:
- Priority withdrawals
- $2,500 minimum deposit
- Increased asset profit of up to 2%
Platinum
All the Gold features plus:
- 1 to 1 training
- Account management
- $5,000 minimum deposit
- Increased asset profit of up to 4%
- Trading signals from an analytical agency
- Unlimited number of simultaneously open deals
Exclusive
All the Platinum features plus:
- By invite only
- Access to strategies
- Wealth creation plan
- Senior account manager
- Increased asset profit of up to 6%
All deposits count towards increasing a trader’s overall account type/ status, so you can work your way towards achieving a Gold or Platinum account over time.
Opening Hours
The ExpertOption platform is open 24 hours a day, 7 days a week, 365 days a year, and can essentially be accessed for trading at any time, either by mobile or desktop device. However, it’s worth noting that not all markets are open 24/7. While Expert Option can be accessed whenever you choose to login, trading is limited to the hours when markets are open.
For example, the London forex market is open between 7 AM to 4 PM GMT. In contrast, the New York forex market is open between noon to 8 PM GMT. Sydney operates between 10 PM to 5 AM GMT, while the Tokyo market opens between 11 PM to 8 AM GMT.
Customer Support
3.3 / 5The platform also benefits from a reliable customer service department ready to assist 24/7. Several methods can be used to reach the team, namely the live chat facility (logo located at the top of the page), which provides traders with near instant support in numerous languages. This is in addition to the email ticketing system, contact form, and phone support.
Security
VBV and MasterCard verification standards are implemented for data protection purposes. Your bank card must also have 3D Secure enabled in order to deposit and be eligible for international payments.
Transactions are also PCI DSS Compliant – following bank security standards, meaning all your data is encrypted, private, and never stored on their servers. In addition, the broker employs ALM (anti-money-laundering) and KYC (know your customer) policies.
Expert Option Verdict
Expert Option trading reviews agree that the platform provides an innovative trading experience. The brokerage is packed full of the latest features and developments in online short-term trading; from a clean UI and responsive interface to the in-depth educational materials and even social trading.
FAQ
Is Expert Option Real Or Fake?
The broker is legitimate and not a scam. A variety of cryptographic algorithms are employed to ensure client data is stored securely. The brokerage is also licensed by the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA) and is part of the Financial Commission Compensation Fund.
Does Expert Option Have Bots?
Yes, the Expert Option trading robot allows you to automate your trading on both demo and live accounts. You can download it from the official website.
Can I Trade On Expert Option From India?
Yes, Expert Option is available in India, alongside many other countries like South Africa and the Philippines.
Does Expert Option Give Payment Proof?
You can find your payment or withdrawal proof in the ‘payment history’ section of your account.
What Is The Best Expert Option Strategy?
The educational materials provided by the broker offer many tips and tricks. The best winning strategy is the one that suits your trading style and risk appetite.
Can You Still Trade On Expert Option?
Currently, the platform can be accessed from most locations worldwide. However, Expert Option is not authorized to accept citizens of the following regions: European Economic Area, USA, Canada, Israel, Australia, Russia, Switzerland, New Zealand, North Korea, Puerto Rico, Iran, Singapore, and Yemen.
Top 3 Alternatives to Expert Option
Compare Expert Option with the top 3 similar brokers that accept traders from your location.
- World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
- Pocket Option – Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.
- BinaryCent – BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.
Expert Option Comparison Table
| Expert Option | World Forex | Pocket Option | BinaryCent | |
|---|---|---|---|---|
| Rating | 3.5 | 4 | 4.2 | 3 |
| Markets | Options, Stocks, Commodities, Forex, Crypto, Futures, | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos | CFDs, Forex, Stocks, Cryptos, Options, Commodities |
| Demo Account | Yes | Yes | Yes | Yes |
| Minimum Deposit | $10 | $1 | $50 | $250 |
| Minimum Trade | $1 | 0.01 Lots | $1 | $0.01 |
| Regulators | SVGFSA | SVGFSA | MISA | VFSC |
| Bonus | 100% deposit bonus | 100% Deposit Bonus | 50% Deposit Bonus | 20% – 200% deposit bonus |
| Education | No | No | No | No |
| Platforms | Expert Option Web Platform | MT4, MT5 | Web, MT4, MT5 | Own |
| Leverage | N/A | 1:1000 | – | 1:500 |
| Payment Methods | 13 | 10 | 14 | 11 |
| Visit | – | Visit | Visit | Visit |
| Review | – | World Forex Review |
Pocket Option Review |
BinaryCent Review |
Compare Trading Instruments
Compare the markets and instruments offered by Expert Option and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
| Expert Option | World Forex | Pocket Option | BinaryCent | |
|---|---|---|---|---|
| Binary Options | Yes | Yes | Yes | Yes |
| Expiry Times | 60 seconds – 5 minutes | 1 minute – 7 days | 5 seconds – 4 hours | 5 seconds – 30 days |
| Ladder Options | No | No | No | No |
| Boundary Options | Yes | No | No | Yes |
| CFD | No | Yes | No | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | Yes | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | No | No | No |
| Silver | Yes | Yes | Yes | Yes |
| Corn | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes |
| Futures | Yes | No | No | No |
| Options | Yes | No | No | Yes |
| ETFs | No | No | No | No |
| Bonds | No | No | No | No |
| Warrants | No | No | No | No |
| Spreadbetting | No | No | No | No |
| Volatility Index | No | No | No | No |
Expert Option vs Other Brokers
Compare Expert Option with any other broker by selecting the other broker below.
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Customer Reviews
5 / 5This average customer rating is based on 14 Expert Option customer reviews submitted by our visitors.
If you have traded with Expert Option we would really like to know about your experience - please submit your own review. Thank you.
कम न्यूनतम जमा और छोटे राशि के साथ व्यापार की संभावना के साथ, ExpertOption नए निवेशकों के लिए बेहतरीन है, जो केवल वित्तीय बाजारों की दुनिया में अपना पथ प्रारंभ कर रहे हैं।
With a low minimum deposit and the possibility to trade with small amounts, ExpertOption is great for new investors who are just starting their path in the world of financial markets.
ExpertOption मुझे अद्वितीय शैक्षिक संसाधन प्रदान करता है, जिनसे मेरे ट्रेडिंग कौशल में सुधार हुआ है। इस ब्रोकर की मदद से मैं अब अधिक आत्मविश्वासी और सफल ट्रेडर बन गया हूँ।
ExpertOption provides me with unique educational resources that have improved my trading skills. With the help of this broker I have now become a more confident and successful trader.
ExpertOption में परीक्षण किया जा सकता है, डेमो खाते पर कैसे काम करता है, यहाँ सब कुछ देख सकते हैं, और फिर प्रारंभिक धन से व्यापार करना शुरू कर सकते हैं। बहुत सारे उपकरण उपलब्ध हैं, बहुत सारे उपकरण उपलब्ध हैं, तो अगर आप सक्रिय रूप से व्यापार करेंगे, तो आप ठीक-ठाक कमाई कर सकते हैं।
You can test everything in ExpertOption, see how it works on the demo account, and then start trading with the initial money. There are a lot of tools available, so if you trade actively, you can make decent money.
Thanks to ExpertOption, I have significantly expanded my investment portfolio and discovered new markets. The ability to trade cryptocurrencies, stocks, commodities, and currency pairs on a single platform is truly unique and allows for risk diversification.
ExpertOption मुझे सुरक्षितता के मामले में संतुष्ट करता है। यह सभी यह दो-स्तरीय प्रमाणीकरण – एक चीज है! मैं अपनी कमाई के लिए चिंता मुक्त हूँ, वे यहाँ सुरक्षित हैं।
ExpertOption satisfies me in terms of security. It's all this two-tier authentication – a thing! I am free to worry about my earnings, they are safe here.
प्लेटफ़ॉर्म शानदार है, सुविधाजनक। मैं इस टर्मिनल का उपयोग पार के वर्षों से कर रहा हूँ। इस समय के दौरान सकारात्मक और नकारात्मक क्षण थे। लेकिन यह एक विनिमय है, और यह सामान्य है। मैं एक जुआरहित व्यक्ति हूँ, मैं प्रतीक्षा करना जानता हूँ, इसलिए मैं हमेशा लाभ में रहता हूँ। मुझे लगता है कि यह उन लोगों के लिए सर्वोत्तम विकल्प है जो निवेश करने के लिए पसंद करते हैं।
The platform is great, convenient. I have been using this terminal for over years. There were positive and negative moments during this time. But it's an exchange, and it's normal. I am a non-gambling person, I know how to wait, so I am always in profit. I think this is the best option for those who like to invest.
ExpertOption वह विकल्प है जिन्हें उन्होंने चयन किया है जो व्यापारिक उपकरणों की विविधता की कद्र करते हैं। मुझे यह पसंद है कि वे क्रिप्टोकरेंसी का समर्थन करते हैं। सोशल रेडार सूचित निर्णयों का निर्माण में मदद करता है। बोनसेस सुरूप अच्छा लगता है।
ExpertOption is the option chosen by those who value the diversity of trading tools. I like that they support cryptocurrencies. Social radar helps in making informed decisions. The bonuses look good.
I chose expertoption for myself because the broker allowed me to trade without delays. And that’s why I will continue to trust them.
An excellent broker, and trading with them is really very convenient. That is, you can immediately see all the tools that they offer, and their analysis is good, so you can see the forecasts that can be made. In general, I am currently trading with Expertoption.
Expertoption میں تمام اہم کرنسی پیرز دستیاب ہیں، اس لئے میں کچھ برائی نہیں کہ سکتا۔ پیسے نکلانے کے ساتھ بھی سب کچھ ٹھیک ہے، تمام کمائی شدیدی سے منتقل ہوتی ہیں۔ میں امید کرتا ہوں کہ اسی سطح کی خدمت مستقبل میں بھی برقرار رہے۔
All major currency pairs are available, so I can't say anything bad. Everything is fine with withdrawals too, all earnings are transferred intensively. I hope the same level of service is maintained in the future.