Expert Option vs Binary.com

Expert Option vs Binary.com Comparison Table 2024
Expert Option	Binary.com
Review 3.5	Binary.com has closed.
Traders from US not accepted See available binary options brokers	Traders from US not accepted See available binary options brokers
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.	Binary.com are the established pioneers of binary options. They are a well-known broker offering 150+ derivative products across a range of popular markets. With over 2.5 million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms.
Customer Reviews
5 Based on 13 Expert Option customer reviews
Bonus Offer
100% deposit bonus
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."	"Binary.com (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock."
Pros
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 There's a decent range of educational resources, including trading strategies, webinars and platform tutorials The analytical tools for higher-level accounts are a useful addition for experienced day traders High payouts up to 95% are above the industry average There are no deposit and withdrawal fees which is ideal for active traders Minimum deposits are low, starting from $10	Access to a range of interesting markets, including Deriv's proprietary synthetic indices which are derived from simulated markets Strong global reputation with decades of experience in the trading industry Beginners can practise strategies in the demo account with unlimited virtual funds Instant deposit methods with minimum funding as low as $5 Variety of risk management tools including trading limits and self-exclusion protocols Responsive 24/7 customer support via live chat, telephone, email or WhatsApp Sign up for a CFD or Multiplier account in minutes
Cons
There's a very small list of binary assets with just 100 on offer compared to 1000+ offered by some competitors 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 Very expensive $50 dormancy fee after 3 months of no trading activity The broker doesn't offer any popular leveraged products such as CFDs	Limited regulatory oversight DTrader platform only available via web browser Narrow range of instruments vs other brokers
Awards
	Best Binary Options Broker 2019 - DayTrading.com
Instruments
Options, Stocks, Commodities, Forex, Crypto, Futures,	CFDs, Forex, Stocks, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$10	$5
Trading Platforms
Expert Option Web Platform	MT5
Payment Methods
Bitcoin Payments FasaPay Flutterwave M-Pesa Maestro Mastercard Neteller Perfect Money Skrill UnionPay Visa WebMoney Wire Transfer	Bitcoin Payments FasaPay Paysafecard Perfect Money QIWI Skrill Wire Transfer Yandex Money
Minimum Trade
$1	$1
Regulator
SVGFSA	MGA, SC
Margin Trading
No	No
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	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS, Android
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.	Deriv GO, previously the Binary.com app, offers an easy-to-use interface and various trading instruments, including 24/7 trading in both standard and unique market-simulating indices. It stands out with its fast and reliable chat support, a rare find among competitor apps, providing essential help for new traders.
Android App Rating
4.2	4.5
iOS App Rating
2.5	4.2
Auto Trading
ExpertBot	Binary.com offer a self build robot feature to design, test and implement automated trading strategies
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
USD	USD
Commodities
Gold Platinum Silver
CFD Trading
CFD trading not offered	Deriv's CFD offering includes 38 forex pairs, 58 stocks, seven indices, 31 crypto pairs and 16 indices, with variable leverage up to 1:30 and tight spreads. The broker also offers CFDs on four synthetic indices, which allow 24/7 trading on customisable levels of volatility, and they are not available elsewhere.
Leverage
N/A	1:1000
FTSE Spread
N/A	1 pt var
GBPUSD Spread
N/A	1 pip var
Oil Spread
N/A	3 pips var
Stocks Spread
N/A
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%.	Deriv traders can speculate on 38 major and minor pairs via CFDs on MT4 or 14 majors with the broker's 'multiplier' derivatives via the proprietary trading terminal. This is a decent range of currencies compared to many alternatives.
GBPUSD Spread
Variable	1 pip var
EURUSD Spread
Variable	0.5 pip var
EURGBP Spread
Variable	1 pip var
Assets
6	45+
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.	Deriv's 31 crypto CFDs are traded in pairs with USD and leverage up to 1:2. Multipliers are available on the BTC/USD and ETH/USD pairs. We like that crypto traders also get access to the powerful MT5 platform.
Spread
$5 on any winning trades	BTC 2%, ETH 3%
Coins
BTC BCH ETH	BCH BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
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.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector.
Payout
95%	91%
Expiry Times
60 seconds - 5 minutes
Ladder Options
No	Yes
Boundary Options
Yes	Yes

Review	Binary.com has closed.