Expert Option vs Binance
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| Expert Option | Binance |
|---|---|
3.5
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3.5
Binance is #29 in our crypto broker rankings.
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
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 Traders from US not accepted
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Traders from US accepted |
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Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Short-term traders can access 100 popular assets via binary options contracts with payouts up to 95%, free educational resources, and market data available to upper-tier account holders. |
Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives. |
| Customer Reviews | |
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5
Based on 13 Expert Option customer reviews
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| Bonus Offer | |
| 100% deposit bonus | |
| Promotions | |
| Comment by Reviewer | |
| "Expert Option will suit aspiring traders who want to access the financial markets through an options broker with a very easy-to-learn bespoke platform. The user-friendly day trading platform is clear and reliable." | "Binance will appeal to crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees. However, regulatory action and questionable handling of customer funds makes this firm too high-risk in our opinion." |
| Pros | |
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| Cons | |
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| Instruments | |
| Options, Stocks, Commodities, Forex, Crypto, Futures, | Cryptos |
| Demo Account | |
| Yes | No |
| Minimum Deposit | |
| $10 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $1 | $10 |
| Regulator | |
| SVGFSA | |
| Margin Trading | |
| No | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | Yes |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS & Android | Yes |
| App Review | |
Expert Option has an unusual mobile trading offering in that it balances education with trading, potentially serving new traders. However, our tests reveal very basic quizzes and learning materials that barely scratch the surface of binaries. The ‘Tap Game’ is also gimmicky and does little to serve serious traders. |
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| Android App Rating | |
4.2 |
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| iOS App Rating | |
2.5 |
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| Auto Trading | |
| ExpertBot | |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| You can study and copy the positions of established VIPs to increase potential returns. Users can find master traders based on asset class and historic returns. A useful leaderboard is available to social traders. | |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Only for Platinum and Exclusive accounts | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $50 | |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Commodities | |
| Forex Trading | |
| Expert Option traders can access some of the most popular forex pairs including USD/EUR, GBP/USD and GBP/EUR using binary options contracts that payout up to 95%, well above the industry average of around 85%. | Forex trading not offered |
| GBPUSD Spread | |
| Variable | |
| EURUSD Spread | |
| Variable | |
| EURGBP Spread | |
| Variable | |
| Assets | |
| 6 | |
| Cryptocurrency | |
| Traders can speculate on Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) price movements using high/low binary options on a proprietary platform. These are three of the most popular cryptocurrencies on the market, but the offering lacks the variety and volatility offered by less popular tokens. | Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace. |
| Spread | |
| $5 on any winning trades | Variable fees with account tiers |
| Coins | |
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| Crypto Lending | |
| No | Yes |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | Yes |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Expert Option is a well-known binary options broker providing access to 100 assets with a $5 charge on winning trades. Payouts are competitive and users can speculate on rising or falling prices with one-click in the web-accessible platform. Binaries are aimed at ultra-short-term traders, ranging from 60 seconds to 5 minutes. | Binary options trading not offered |
| Payout | |
| 95% | |
| Expiry Times | |
| 60 seconds - 5 minutes | |
| Ladder Options | |
| No | No |
| Boundary Options | |
| Yes | No |
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