Overview of ExpertOption
ExpertOption is a binary options broker that was founded in 2014 and is registered in Saint Vincent and the Grenadines. The broker offers a variety of financial instruments for trading, including currencies, commodities, stocks, and indices. ExpertOption has a user-friendly trading platform that is available on desktop and mobile devices, and it also offers demo accounts for traders to practice and test their trading strategies.
ExpertOption provides a social trading platform, which allows traders to follow and copy the trades of other successful traders on the platform. ExpertOption also provides a range of trading tools and resources, including market analysis, economic calendars, and trading signals.
ExpertOption's customer support team is available 24/5 through live chat, email, and phone. The broker also offers a FAQ section on its website to provide answers to common questions.
Is ExpertOption legit or a scam？
ExpertOption is not regulated by any major financial regulatory authority. The company is based in Saint Vincent and the Grenadines, which is a popular destination for offshore forex and binary options brokers due to its lax regulatory requirements. As such, traders should be aware of the potential risks of trading with an unregulated broker. It is important to note that the lack of regulation does not necessarily mean that the broker is a scam, but it does mean that traders should exercise caution and thoroughly research the broker before opening an account.
Pros and Cons
ExpertOption's Pros and Cons table shows that the broker has some advantages, such as a low minimum deposit requirement and the availability of a demo account. It also offers a variety of trading instruments and a mobile app for traders who prefer to trade on-the-go. However, the broker lacks regulation, and there have been some complaints regarding the withdrawal process and customer support. Traders should carefully consider the risks and benefits before deciding to trade with ExpertOption.
Market Intruments
ExpertOption offers a variety of tradable assets in different markets, including forex, commodities, cryptocurrencies, stocks, and indices. Traders can choose from over 100 assets to trade, including popular currency pairs like EUR/USD, commodities like gold and silver, cryptocurrencies like Bitcoin and Ethereum, and stocks from major companies like Apple, Amazon, and Coca-Cola. Additionally, ExpertOption offers a unique feature of trading options on a range of assets, providing traders with more flexibility and opportunities to profit from market movements.
Account Types
ExpertOption offers five different account types: Basic, Silver, Gold, Platinum, and Exclusive. The Basic account is the most basic account type, while the Exclusive account is the most advanced. Each account type offers different benefits and features. The minimum deposit required for the Basic account is $50, while the minimum deposit required for the Silver, Gold, Platinum, and Exclusive accounts is $500, $2,500, $5,000, and $10,000, respectively.
The Basic account offers basic features such as a demo account, 24/7 customer support, and access to educational materials. The Silver account offers all the features of the Basic account, as well as access to a personal account manager, trading signals, and higher profit payouts. The Gold account offers all the features of the Silver account, as well as access to a personal analyst, priority withdrawals, and a 2% increase in profit payouts.
The Platinum account offers all the features of the Gold account, as well as access to exclusive strategies, customized investment plans, and a 4% increase in profit payouts. The Exclusive account is the most advanced account type and offers all the features of the Platinum account, as well as access to a VIP consultant, exclusive events, and a 6% increase in profit payouts.
How to open an account？
To open an account with ExpertOption, follow these simple steps:
Visit the ExpertOption website and click on the “Real Account” button located at the top right-hand corner of the homepage.
You will be directed to a registration page where you will need to provide your email address and password. Alternatively, you can sign up using your Facebook or Google account.
Next, select your preferred account currency and input your personal details, including your name, phone number, and country of residence. Read and accept the terms and conditions, as well as the privacy policy, then click on the “Register” button.
Verify your email address by clicking on the confirmation link sent to your email.
Log in to your account using your email and password. Fund your account using one of the available deposit methods. Start trading binary options on the ExpertOption platform.
Leverage
As a binary options broker, ExpertOption does not offer leverage. The payout and potential profit or loss are predetermined when placing a trade, and the trader only needs to invest the required amount to open the position. This is one of the key differences between binary options trading and other forms of trading such as forex or CFDs, which often offer leverage to traders.
Spreads & Commissions (Trading Fees)
As a binary options broker, ExpertOption does not charge spreads or commissions on trades. Instead, the broker makes money through the payout structure of the binary options contracts. ExpertOption does not have a fixed payout rate for all trades. The payout rate depends on the asset being traded, the type of trade, and the market conditions at the time the trade is executed. Generally, the payout rate ranges from 60% to 95%. The broker provides this information on their platform before executing a trade, allowing traders to know the potential profit or loss before entering a trade.
It's worth noting that binary options trading carries a high level of risk and is not suitable for all investors. Traders should carefully consider their trading objectives and risk tolerance before opening an account with ExpertOption or any other binary options broker.
Non-Trading Fees
ExpertOption charges a dormant account fee of $10 per month for accounts that have been inactive for 180 days or more. This fee is deducted from the account balance and continues until the account balance reaches zero. It is important to note that the broker will send a notification to the account holder prior to charging this fee, and the fee can be avoided by simply logging into the account and making a trade or deposit.
Trading Platform
ExpertOption offers a proprietary trading platform for binary options trading, which is available in both web-based and mobile versions. The platform is user-friendly and intuitive, with a simple and sleek design that makes it easy for traders to navigate and execute trades. It also offers a range of trading tools and features, including a wide selection of trading assets, trading indicators, and analytical tools. Additionally, the platform supports multiple languages and is available for download on both Android and iOS devices.
Social Trading
ExpertOption offers a social trading feature called the “Traders' Sentiment” tool. This tool allows traders to see the percentage of traders who are buying or selling a particular asset. This information can be helpful for traders in making trading decisions.
ExpertOption also has a feature called the “Strategy Advisor.” This feature provides traders with trading signals that are generated by algorithms based on market trends and indicators. Traders can use these signals to inform their trading decisions.
In addition, ExpertOption offers a “Copy Trading” feature, which allows traders to copy the trades of other successful traders. This feature is particularly useful for novice traders who may not have the experience or knowledge to make informed trading decisions on their own.
Deposit & Withdrawal
When it comes to deposits and withdrawals, the broker offers several options. For deposits, clients can use Visa, Mastercard, Maestro, Skrill, Neteller, and a range of other payment methods. The minimum deposit amount varies depending on the payment method used, with some options requiring as little as $10.Withdrawals can also be made using the same payment methods. The minimum withdrawal amount is $10, and the processing time can take up to 2 business days. It is important to note that some payment methods may have additional fees or processing times, so clients should check with their payment provider for more information.
Customer Support
ExpertOption offers a range of deposit and withdrawal options to its clients. Deposits can be made using credit/debit cards (VISA, MasterCard, Maestro), e-wallets (Neteller, Skrill), and cryptocurrencies (Bitcoin, Ethereum, Litecoin). The minimum deposit amount varies depending on the account type and ranges from $10 to $5000.
Withdrawals can be made using the same methods as deposits, with processing times ranging from 2 to 5 business days depending on the method. It is important to note that clients must withdraw funds using the same method they used to deposit, and they may be required to provide additional documentation for verification purposes.
ExpertOption does not charge any deposit fees, but it does charge withdrawal fees depending on the method used. These fees can range from 0.9% to 9%, with a minimum fee of $10.
Educational Resouces
ExpertOption offers a variety of educational resources for traders to improve their trading skills and knowledge. These resources include:
Video tutorials: ExpertOption has a large library of video tutorials that cover topics such as trading strategies, technical analysis, and risk management.
Webinars: The broker regularly conducts live webinars hosted by experienced traders and financial experts. These webinars cover a range of topics and provide valuable insights into the markets.
E-books: ExpertOption offers free e-books that cover various trading topics such as forex trading, binary options trading, and trading psychology.
Trading signals: The broker also provides free trading signals to its clients. These signals are generated by professional traders and are designed to help traders identify profitable trading opportunities.
Demo account: ExpertOption offers a free demo account that traders can use to practice their trading skills and test their strategies in a risk-free environment.
Conclusion
ExpertOption is an online binary options trading platform that offers a variety of trading instruments, including currencies, commodities, stocks, and cryptocurrencies. It offers multiple account types with varying benefits and requires a minimum deposit of only $10. The broker also provides social trading features, allowing traders to copy the trades of successful traders. However, ExpertOption is not regulated by any reputable financial authority and has been associated with some negative reviews, including issues with withdrawals and customer support. Traders should exercise caution when trading with ExpertOption and conduct thorough research before depositing funds.
FAQs
A: ExpertOption is registered in Saint Vincent and the Grenadines and is not regulated by any major regulatory body.
A: ExpertOption offers a variety of trading instruments including currency pairs, stocks, commodities, and cryptocurrencies.
A: The minimum deposit required to open an account with ExpertOption varies depending on the account type. The Micro account requires a minimum deposit of $10, while the Exclusive account requires a minimum deposit of $50,000.
A: Yes, ExpertOption offers social trading through their platform, allowing traders to copy the trades of successful traders.
A: ExpertOption offers a proprietary trading platform as well as a mobile app for both iOS and Android.
A: ExpertOption does not charge any fees for deposits or withdrawals. However, third-party payment processors may charge fees.
A: While ExpertOption is not regulated by any major regulatory body, there have been no reports of it being a scam. However, traders should exercise caution and thoroughly research the broker before investing any funds.
A: Yes, ExpertOption offers a free demo account for traders to practice trading without risking any real funds.
United States
Ajayverma
India
Dear Sir/Madam. Expert option has done a lot of wrong with me, I have suffered a huge loss here, every deposit I made did not make any profit even once because expert option has cheated me, I have lost my entire money on this. My profile id is - 395-144-188 I have been cheated on this above one lakh I request you to get my full money back I will be forever grateful to you Thanks Regards
Exposure
2022-12-09
Carin Hazell
Nigeria
Crypto trade is something that a lot of people are yet to utilize the lucrative nature of crypto trade, please be careful when choosing a broker or Account manager to invest your fund. I will share my experience so all scammed victims can recover back their money. Reach out elizabethgillies303 @ g mail . com
Exposure
2021-12-14
FX3453383040
Taiwan
ExpertOption is a binary futures platform that fluctuates in a short period of time for forex, stock, and indexes. It is publicized to earn profits by betting on the rise and fall within a short period of 15 minutes, but it can actually manipulate backstage data, activities, and other methods to cause investors to lose all principal.
Exposure
2021-12-13
FX1772242963
Nigeria
expert option demo account has a lot of problem I can't even learn well over there they are scam
Exposure
2021-09-08
iamjayylopezz
Philippines
So, I put $50 dolares on expertoption.com just to try my luck. I put a bet on Bitcoin Cash (up) at 1812.00 and it closed at 1811.998 (-0.002). The system counted that one as a lose. Here you could say, "well yeah, the system is pretty damn strict, you still lost buddy".However there's something else, when the open and close amounts are the same the system does a refund to you. If you put a bet of $10 dollars @1811.998 and it closes at @1811.998 then you get your $5 dollars back. But what are the odds of that happening, right? Welp, turns out I did hit "same" 4 times out of 32 tries. 1 out of every 8 tries!
Exposure
2021-08-19
FX2672640156
Nigeria
This is a fake facebook account, Pls don't deal with her, she's not who she is, it a Nigerian calming to be forex trader, don't trade with her, It a new account, that is how they do here, IT FAKE!!!!!!!!
Exposure
2021-08-07
FX1341225532
South Africa
they are supposed to give you a 1min on your trade as soon as I pushed tye buy button the trade stopped i lost my investment they don't even reply your enquiry on support they don't do a security ID verification.
Exposure
2021-06-30
FX1725790696
Philippines
Paid to withdraw but no amount credited to my bank.
Exposure
2021-06-08
FX1605613753
Saudi Arabia
I have been trading for quite a while, and I can say that ExpertOption is a decent platform for online trading. I like that it has a simple and easy-to-understand interface, which is easy to navigate. However, there is a serious issue – the platform is unavailable in many countries, including Russia, the USA, and most of Europe. This is not a problem for me, but I know that many of my fellow traders cannot use it because of this. Another downside is the limited selection of financial instruments.
Neutral
2024-07-26
SuperYas
Turkey
When I just started trading, I was looking for a platform that was easy to use. When my friends suggested me to register with this broker, I followed their advice and became a member of this platform. Indeed, the platform turned out to be very understandable and useful. Being able to start trading with a small amount of money has been a great convenience, and I can carry out all my transactions with Papara without any problems. I can recommend this broker with peace of mind, especially for those who are new to trading.
Neutral
2024-04-16
Joyov
Ukraine
It’s comfortable to work here: the market analysis tools, a wide selection of assets, and transparent conditions make trading seamless. I especially liked the low entry threshold, which allows you to start trading without significant investments. It’s also convenient that the mobile version of the platform is available and works just as well as the desktop version. During my time using the platform, I haven’t encountered any delays in withdrawals — this speaks to the company’s reliability. The support team is always available and helps resolve any issues promptly.
Positive
2024-11-26
FX2561745264
France
I started with a demo account to learn the basics and was happily surprised by how user-friendly everything was. The platform offers great learning materials, which is super helpful for beginners like me. Later, I tried trading with real money and was pleased with how it went. One thing I really like is that withdrawing money is quick and reliable - usually takes just one day to get your funds. The support team is always available and responds quickly to questions, which makes me feel confident using the platform. I'd definitely recommend it!
Positive
2024-11-13
Ucashiset
Latvia
I’m pleased with my choice of ExpertOption as a trading platform. The first thing I liked is the interface – it’s intuitive, even for beginners. The platform offers a wide range of assets for trading, including cryptocurrencies, which adds flexibility. The deposit and withdrawal process takes very little time – funds always arrive on schedule, which is important to me. I was also pleased with the deposit bonuses, which can be used to increase trading capital. Additionally, the support here is excellent.
Positive
2024-11-12
Kozyuberda
Turkey
The charts are easy to read, executions are lightning-fast, and their educational section really helped me understand the basics. Made about $300 last month just trading part-time. Love how they keep adding new features too⚡😜
Positive
2024-11-08
FX2353611402
Turkey
I have been trading here not so long ago, but I really like everything, the platform works stably and properly, why not? Here are my statistics
Positive
2024-10-29
Mikleke
Latvia
I like how the expertoption platform works, their withdrawal of money is so easy, I replenished it not so much, about 500$ and earned my first 300 and this makes me very happy
Positive
2024-10-21
Somchai556
Thailand
Regarding trading on internet platforms, I chose ExpertOption because of the minimum deposit of $10 and the minimum trade of $1. The website is simple and easy to understand. I constantly monitor the trades, which requires time and an understanding of the market situation. It was difficult at first, but where there's a will, there's a way. I withdrew money without any problems. In a few months, I made $500. Now I'm increasing my deposit and plan to upgrade from a Silver account to a Gold account.
Positive
2024-08-02
Janetons
United Kingdom
In my opinion, ExpertOption is a very good platform, I work with them and am satisfied, transactions are carried out very quickly and my personal account is convenient
Positive
2024-07-19
Alexandre7316
Brazil
Good broker and good app. It's easy to use and make profit. Easy money deposit and withdrawal. But I most like the bonuses and offers, they really work!
Positive
2024-05-28
Khalid Ashour
Saudi Arabia
I'm just your everyday guy, juggling a day job and exploring currency trading on ExpertOption during my off hours. The platform is user-friendly and incredibly effective, allowing me to transform modest investments into consistent weekly returns. It's been a fantastic way to supplement my income, making it more than just a hobby but a profitable side venture. Really, it's a smart setup for anyone looking to boost their earnings with minimal fuss.
Positive
2024-05-17