20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Expert Option Review 2024
Minimum
deposit:
deposit:
- $10
Trading platform:
- Webterminal
- Expert Option platform
- Mobile application
Minimum
deposit:
deposit:
- $10
Trading platform:
- Webterminal
- Expert Option platform
- Mobile application
Trading features:
- Binary options trading
Summary of ExpertOption Trading Company
ExpertOption is a moderate-risk broker with the TU Overall Score of 5.66 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ExpertOption clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. ExpertOption ranks 12 among 21 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
The Expert Option broker aims to cooperate only with those traders who prefer binary options. There are no conditions for active and passive trading in the company.
Expert Option is a binary market broker that specializes in providing services such as binary options trading. The company has been actively operating since 2014, has more than 30 million clients, and the customers’ trust is the main indicator of its reliability. The broker is also verified by Visa and Mastercard, and all user information is encrypted with strict algorithms, which increases data security. In 2017, Shenzhen Expert Option won the Best Trading Platform award at the China Trading Expo.
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | 10 USD |
| 🔧 Instruments: | Binary options |
👍 Advantages of trading with ExpertOption:
- low level of the minimum deposit, from $10;
- options to trade both from personal computers and mobile devices.
👎 Disadvantages of ExpertOption:
- lack of a license to provide services and a regulatory body for the broker;
- protracted verification procedure — up to 30 days;
- the company does not cater to clients from countries such as the United States, Canada, Switzerland, New Zealand, North Korea, Puerto Rico, Bangladesh, Yemen, Indonesia, Singapore, Sudan, and the European Economic Area;
- funds can be credited to the deposit within 45 days (depending on the payment system);
- there are no conditions for active trading;
- the company does not have investment programs;
- the funds of the company's clients are not protected in any way.
Evaluation of the most influential parameters of ExpertOption
NOTE!
Do not miss a chance to get additional monthly bonuses and payouts for trading at ExpertOption.
Enter the referral code when you register on the website or ExpertOption app.
20694
*TU may receive partnership reward for registration of the client on the company’s website on a referral link.
Your capital is at risk.
Table of Contents
Geographic Distribution of ExpertOption Traders
Popularity in
31.82%
EG
16.41%
PH
4.37%
TT
1.25%
IN
0.92%
TN
0.49%
ZA
0.12%
ZW
1.74%
CN
1.73%
ET
1.19%
PK
15.96%
Others
Video Review of ExpertOption i
Expert Option Latest Comments for 2023 i
56 comments
Total score:
Share your experience
- Best
- Last
- Oldest
Alex
2 weeks ago
BR Presidente Prudente 
simple to use
educational resources
Ali
2 weeks ago
SA Riyadh
user-friendly platform
minor delay with customer service
nazrul5874
5 weeks ago
sumaira
13 weeks ago
thid
10 weeks ago
jimmystevent
17 weeks ago
Responses to a comment
Azate1 to
jimmystevent
10 weeks ago
Precious
4 days ago
ZA Expert Review of ExpertOption
The Expert Option broker (ExpertOption) allows you to trade exclusively in binary options. The company's activities are not licensed or regulated, however, the ExpertOption account has more than 30 million clients, which the broker considers a sufficient indicator of reliability.
The broker provides its clients with the opportunity to participate in bonus and referral programs. The first involves acquiring additional funds for trading, the second involves the receipt of passive income. There are no other options for investing in this company. More than 20 payment systems are available for depositing and withdrawing funds.
The ExpertOption website has been translated into 15 languages. Analytical materials and training videos are available only after registration. All information on trading conditions is publicly available.
Best Forex broker based on expert and trader reviews
Dynamics of ExpertOption’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Expert Option specializes in binary options. Its social trading does not allow traders to copy other people's transactions automatically, but it makes it possible to learn from more seasoned market participants. It does not have PAMM accounts. The only way to receive passive income in ExpertOption is to participate in the broker's affiliate program.
Important!
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
ExpertOption affiliate program
The user makes a profit by attracting new customers. To do this, you need to create an account on the affiliate program's platform, after which the trader will have access to all marketing tools, including banners, landing pages, pop-ups, and other materials presented in 15 languages. The amount of payments varies depending on which income scheme the partner chooses.
Thanks to the active distribution of marketing materials on the network, the partner can attract new users. For each attracted referral who opens a trading account and starts trading, the partner receives payments. Their minimum amount is 5% of the referral's income.
Trading Conditions for ExpertOption Users
ExpertOption specializes in binary options and provides clients with comfortable trading conditions. Among them, one can distinguish a low minimum deposit. Ten dollars are enough for a trader to get started, and the minimum investment in a deal is $1. The broker does not provide conditions for active trading in Forex assets or stock instruments.
$10
Minimum
deposit
25/7
Support
| 💻 Trading platform: | Own Expert Option platform for PC (OS: Windows, Mac), web terminal, and mobile application for Android and iOS |
|---|---|
| 📊 Account types: | Demo, Micro, Basic, Silver, Gold, Platinum, Exclusive |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Available with bank cards (Visa, Visa Electron, MasterCard, Maestro), bank transfer, electronic systems (Skrill, Neteller, WebMoney, UnionPay, Perfect Money, FasaPay, and M-Pesa) |
| 🚀 Minimum deposit: | 10 USD |
| 📈️ Min Order: | The minimum investment to trade is $1 |
| 🔧 Instruments: | Binary options |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| ⭐ Trading features: | Binary options trading |
| 🎁 Contests and bonuses: | Yes |
Comparison of ExpertOption with other Brokers
| ExpertOption | Pocket Option | Binary.com | QUOTEX | Intrade Bar | OlympTrade | |
| Trading platform |
Browser platform | MT5, Web, Mobile | WebTrader, Mobile | Mobile MT4, Web platform, Browser platform | Mobile MT4, WebTrader | Webterminal |
| Min deposit | $50 | $5 | $5 | $10 | $10 | $10 |
| Trading instruments |
Options | currency | indexes, Forex, goods, stock, random index | currency pairs / CFD, indices, Cryptocurrencies, Commodities | Currency pairs | currency pairs / CFD, oil, BRENT grades, gold, silver |
| Signals | No | No | No | No | Yes | Yes |
| Analytical support |
Yes | No | Yes | No | Yes | Yes |
| Training | Yes | No | Yes | No | Yes | Yes |
| Additional tools |
No | Copy Trading tool | premature closing | No | No | Cancelling of an option prior to the beginning of its action |
Broker comparison table of trading instruments
| ExpertOption | Pocket Option | Binary.com | QUOTEX | Intrade Bar | OlympTrade | |
| Forex | No | Yes | Yes | Yes | Yes | Yes |
| Metalls | No | No | Yes | Yes | No | Yes |
| Crypto | No | Yes | No | Yes | No | Yes |
| CFD | No | No | Yes | Yes | No | No |
| Indexes | No | Yes | No | Yes | No | Yes |
| Stock | No | No | No | No | No | Yes |
| ETF | No | No | No | No | No | Yes |
| Options | Yes | Yes | Yes | Yes | Yes | Yes |
ExpertOption Commissions & Fees
Information
Experts at the Traders Union analyzed the trading conditions in ExpertOption to reveal the hidden commission. The hidden commission was not found, and the broker does not charge a trading fee for the replenishment of a deposit or withdrawal of funds but warns that the payment system can set the commission. There is no currency conversion fee at ExpertOption.
| Account type | Spread (minimum value) | Withdrawal commission |
| Micro | No | Can be installed by payment systems |
| Basic | No | Can be installed by payment systems |
| Silver | No | Can be installed by payment systems |
| Gold | No | Can be installed by payment systems |
| Platinum | No | Can be installed by payment systems |
| Exclusive | No | Can be installed by payment systems |
We have also analyzed and compared the trading commissions in ExpertOption with the company's main competitors. The results are presented in the table below.
| Broker | Average commission | Level |
| ExpertOption | $5 | High |
| Binary.com | $0 | Low |
| Binomo | $2 | Medium |
Detailed Review of Expert Option
ExpertOption provides an opportunity to trade binary options in 150 countries and uses advanced technologies to make trading as comfortable as possible. The broker is continually working to protect clients' data and ensure the fastest execution of transactions.
A few figures about Expert Option that may be of interest to traders choosing a broker:
-
more than 100 trading instruments are available to the company's clients;
-
there are six types of real trading accounts and one virtual one to choose from;
-
95% of the investment amount is the maximum profit;
-
$10 is the size of the minimum deposit;
-
more than 30 million users have opened accounts with the company.
Expert Option is a key broker for binary options trading
The goal of ExpertOption was to make trading as simple and accessible as possible for binary options traders. The broker offers accounts for clients with different experience in options trading, with a minimum deposit of $10. More than 100 assets are available to all clients, and the amount of payments reaches 95%.
ExpertOption offers its proprietary terminal for trading, which can be downloaded to a PC or smartphone; it is also possible to trade directly from the browser, from the web platform.
Useful ExpertOption’s services:
-
Social Trading is a service that allows a trader to follow the transactions of more experienced colleagues and learn from their experience. However, the service does not automatically allow copying traders' transactions;
-
Analytics (available only in the personal account). It contains information about the time of trading sessions for different instruments and daily reviews of the trading day.
Advantages:
1
a wide range of accounts for traders with any skill level;
2
intuitive trading platform;
3
the ability to trade is available from any device connected to the Internet;
4
low minimum deposit;
5
the site is presented in 15 languages;
6
simple registration procedure;
7
24/7 support service;
8
no commissions for transactions.
How to Start Making Profits — Guide for Traders
One of the advantages of the Expert Option broker is the availability of binary options. The broker offers clients a choice of 6 types of accounts designed for both beginners and professionals. Their main differences are the minimum deposit size, restrictions on the number of simultaneously open transactions, the maximum transaction amount, and the function of priority withdrawal of funds, access to analytics, and the ability to increase profit from assets.
Account types:
Account Type
Description
Micro
The minimum deposit is $10. A trader can open no more than
ten trades simultaneously, and the maximum trade amount cannot exceed $10. There is no priority
withdrawal, analytics, and increase in asset income;
Basic
The minimum deposit is $50. The maximum number of
simultaneously open trades is 10, and each trading amount does not exceed $25. Additional
features are not available;
Silver
The minimum deposit is $500. A trader can open no more than
15 transactions simultaneously, and the amount of each transaction must not exceed $250.
Priority withdrawal of funds is available from additional functions;
Gold
The minimum deposit is $2500. A client can open up to 30
transactions at a time. The maximum transaction amount is $1000. Priority withdrawal and
analytics are available, and asset profit increases by 2%;
Platinum
The minimum deposit is $5000. There is no limit on
simultaneously open transactions. The maximum transaction amount can reach $2000. All additional
features are available, and asset income increases by 4%;
Exclusive
This Account can be opened only by invitation, so the
broker does not indicate the minimum deposit size. On this account, a trader can open trades in
any number, but the size of each of them should not exceed $3000. Priority withdrawal,
analytics, and a 6% profit increase are available.
To check the ExpertOption broker's trading conditions, but at the same time, preserve your capital, you can use a free demo account.
Bonuses Paid by the Broker
Welcome bonus.
Accrued at the first replenishment of the trading account, the bonus size is determined by ExpertOption individually, depending on the amount of replenishment. The bonus is available only within an hour after registration. Bonus funds can only be used for trading, and they cannot be withdrawn.
Investment Education Online
Information
In addition to trading conditions, the ExpertOption broker allows traders to learn how to trade binary options and improve their knowledge in this area with the help of free training materials provided on the site.
Information available in the Analysis and Education section
Unavailable information at Expert Option site
Glossary
Webinars and seminars
Technical analysis
Training courses organized to improve the skills
Graphical analysis
Fundamental analysis
Trading psychology
Instructional videos
To test the theoretical knowledge gained, we recommend using a demo account. This will allow you to apply theory to practice and avoid financial risks.
Security (Protection for Investors)
Information
On the Expert Option broker’s website, there is no information about the availability of a license or regulatory bodies that govern the company's activities. Is ExpertOption A Safe Broker?
👍 Advantages
- Many agreements which regulate the activities of the company and documents for each direction of the company's work.
👎 Disadvantages
- The broker does not have a license to provide financial services.
- Clients’ funds are not protected in any way in the event of company ruin
- No financial or exchange authority regulates ExpertOption
Withdrawal Options and Fees
-
To withdraw funds, an ExpertOption client needs to make a withdrawal request in the personal account. The money will be transferred to the trader's account after the finance department's request is processed.
-
The broker offers more than 20 ways to deposit and withdraw funds, including bank cards Visa, Visa Electron, MasterCard, Maestro, Wire Transfer, electronic systems Skrill, Neteller, WebMoney, UnionPay, Perfect Money, FasaPay, M-Pesa, and others.
-
The time for crediting money to a deposit depends on the payment system. Payments through electronic systems take from a few seconds to several days. Bank transfer payments are credited up to 45 days. Withdrawal requests are processed within two days.
-
You can replenish the deposit and withdraw funds only in USD.
-
To make transactions, the client must go through the verification procedure without fail.
Customer Support Service
Information
If a trader encounters problems during the work or has any questions, the broker's support service is available 24/7 and is always ready to assist.
👍 Advantages
- 24/7 support daily
👎 Disadvantages
- The callback function cannot be ordered
You can contact support via:
-
email;
-
call to specified phone numbers;
-
online chat messages on the ExpertOption website.
Both a registered client (from the Personal Account) and an unregistered client can contact the support service directly from the broker's website.
Contacts
| Foundation date | 2014 |
| Registration address | 305, Griffith Corporate Centre, Beachmont, 1510, Kingstown, Saint Vincent and the Grenadines. |
| Official site | expertoption.com |
| Contacts |
Email:
help@expertoption.com,
Phone: +44 20 3868 3160 |
Review of the Personal Cabinet of Expert Option
To become an ExpertOption client and make a profit, you need to register on the broker's website. Here we will take a closer look at the registration procedure and take a tour of your account.
1
Open the broker's website, and on the main page, click on the "Free Demo" button to open a virtual account and the "Real account" button to open a real one.
2
After clicking, a window will open in which you need to enter your email address and password to enter your personal account. The broker also offers registration using a Facebook or Google account. After completing a short questionnaire, click "Open an account," after which you will be taken to your personal account.
The following functions will be opened to you in your personal account:
3
1. Finance. In this section, you can fund your
trading account, apply for a withdrawal of funds, and get acquainted with the history of payments.
2. Trade. In this tab, you can already trade on
the ExpertOption web platform. The installation of additional programs is not required.
1. Finance. In this section, you can fund your
trading account, apply for a withdrawal of funds, and get acquainted with the history of payments.
2. Trade. In this tab, you can already trade on
the ExpertOption web platform. The installation of additional programs is not required.
Also, the personal account provides additional features and functions in the following sections:
-
Profile. Here you can edit your personal information, upload the documents required for verification, as well as get acquainted with your trading history, and monitor your trading turnover;
-
Applications. In this tab, the broker provides links to its applications that you can download to your PC, tablet, or smartphone;
-
Analytics. The section allows users to read the latest news, the leaderboard (social trading), as well as familiarize themselves with the trading session times for specific assets and a map of exchanges;
-
Articles. Here you can find all the training materials that ExpertOption offers, from a glossary to articles and training videos;
-
Help. In this section, a trader can contact the support service for help, learn more about ExpertOption, get acquainted with their rights, and the broker's policy.
Disclaimer:
Your capital is at risk. CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
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FAQs
Do reviews by traders influence the ExpertOption rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about ExpertOption you need to go to the broker's profile.
How to leave a review about ExpertOption on the Traders Union website?
To leave a review about ExpertOption, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about ExpertOption on a non-Traders Union client?
Anyone can leave feedback about ExpertOption on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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