Expert Option Review 2021
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Attention!
Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.
Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:
Summary of ExpertOption Trading 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.
To cooperate with Traders Union, a trader must open an account with Expert Option through the Traders Union referral link.
👍 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.
Overall
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.
Visit ExpertOptionTop 3 ExpertOption Customer Reviews
I’ve wanted for a long time to try binary options trading, and then there is also a small deposit of only 10 dollars. I opened a Micro account and traded gradually. I won't say that you can earn millions or even thousands of dollars here, but you can still gain revenue. And it's not even really stressful. There were no problems with the withdrawal until recently: I earned my $50-70 and quickly withdrew it, but it took several days to clear. But now something strange is happening. My earnings have risen to about 120, maybe a little more, and then they ask me for documents for verification. Although before that, they were withdrawn without problems, and I sent all the documents after registration! I will not draw any conclusions yet, but the situation itself is depressing and unpleasant.
I have heard about binary options for a long time, but somehow I did not dare try it myself. I was nudged to do this by a friend who told me about his experience with ExpertOption. So far, I have been trading for only a month. Still, I have already noticed that the terminal works practically without interruptions and delays. The company has done a great job with the easy-to-use interface. The broker also gives basic knowledge, which is a plus for me. The downside is that this database is not updated. I have not yet figured out whether it is worth trading with ExpertOption: I want to put the squeeze on a little to reach at least $50 profit, and after the withdrawal, I will say whether it is worth trading here or not.
Binary options have never been a way to make money, and ExpertOption has once again confirmed this. You can get some income, but you can only earn revenue if you trade for minimal amounts. As soon as you accelerate and, God forbid, exceed the deposit amount, problems immediately begin with the terminal quotes and withdrawal. This broker does not even have a license! In this, everyone is pleased only by the fact that the company has a narrow specialization, and ExpertOption does not offer conditions for active trading and investment. I do not advise you to open an account here, nor should you get involved with binary options.
Expert Option Latest Comments for 2021
The reviews by customers of the ExpertOption indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of ExpertOption published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
I prefer trading on my own to receive passive income, so I was looking for a binary options broker. I chose ExpertOption because of the low minimum deposit and the ability to open a micro account. By the way, there is a social trading platform here also, but it is quite specific. You may only follow the trades of successful traders, but copying is not allowed. This is a great thing to gain some additional experience. As for my trading, the sagging has been small so far and I’ve got a profit. But I need to trade for a while longer to make a judgment.
ExpertOption's payouts are quite high, so if you have the experience, you can trade profitably here. Also, the broker does not prohibit the use of advisors and robots. I actively use them, so I have already made the deposit back and now I am making a profit. It is a pity that apart from the affiliate program, the broker has no investment programs. I think that such a limited choice will not be suitable for a professional investor. I have not withdrawn any money yet, but I hope that there will be no problems with this. The broker does not have licenses from international regulators, so I must believe in its reliability.
I first read about the ExpertOption broker on the trader's forum. Many traders talked up the company's high payout rate and loyalty to its customers. I opened an account but only worked with a broker for a month. Yes, the payouts are high, but the quotes do not correspond to reality, so most trades are closed in the red. You cannot copy trades here, there are no investment proposals either. But the range of trading instruments is quite wide: the broker offers over 100 assets. As to the bonuses, there is only a welcome bonus, but there are no rewards for regular customers. There are no contests with rewards for clients. As for me, ExpertOption has more disadvantages than advantages.
ExpertOption is not a bad broker, but it still needs to improve and add a few things. Yes, the company offers really high payout percentages and a minimum deposit available to everyone. But here you cannot copy the trades of other traders, and there is no protection against negative balance. ExpertOption is not licensed, and it can take up to 45 days to deposit and withdraw funds! I have never met such long terms with any broker. Yes, there is a wide range of assets here, but ExpertOption is not suitable for everyone. I think the broker is aimed at novice traders because there must be a reason for such a low minimum deposit.
I worked with ExpertOption for 3 months and realized that the broker's conditions are most suitable for newcomers. There is a low minimum deposit: you can start trading by replenishing your account with just $10. Also, there are micro accounts, as well as a large number of training materials. I did not like the ExpertOption terminal, because it has too limited functions. Deposits and withdrawals take a very long time, and the account verification process takes almost a month. The broker's conditions did not suit me, so I did not stay here for long.
I have always wondered why brokers like ExpertOption offer favorable conditions, but at the same time are not very popular among traders? Curiosity was the main reason for starting my cooperation with ExpertOption. After a month of trading, I realized what was wrong with this broker. The proprietary terminal freezes constantly, therefore, even with a favorable forecast, it is quite rare to close a trade with a profit. Yes, the payout percentage is really high here, but the number of losing trades exceeds the number of profitable ones significantly. For this reason, I changed to another broker.
I have been trading binary options for only 2 months, so I have no opportunity to deposit more than $50. For this reason, I was looking for a broker with a low entry threshold and ExpertOption seemed like a good option for me. In principle, I am satisfied with the speed of opening and closing trades, the terminal is also fast and stable. So far, I have carried out more losing than winning trades. Perhaps, with more experience, the results will improve. But for now, I will stay with the ExpertOption broker. I will also test its service for copying trades and learn from other traders for some time. I have not withdrawn any money yet, because there is nothing to withdraw: I gradually siphon off the deposit, but I have not receive any profit.
Video Review of ExpertOption
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.
Analysis of the Main Features of this Binary Broker
Dynamics of the Popularity of ExpertOption
in 2020 among the Users of the Traders Union
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 [email protected] by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal 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.
Rebate and Discount Programs of the Traders Union for ExpertOption
Traders Union has a rebate service that helps traders save money on trading. It works like this: being a partner of the Traders Union, the broker pays the Union a part of the commission, which the Traders Union subsequently pays to traders, compensating the costs of the spread in the amount of up to 100%. To receive such a financial bonus, a trader needs to register on the Traders Union website, select a broker, and open an account with the company through the referral link. For each completed deal, a rebate will be credited to the trader's account, regardless of whether it brought profit or loss.
Try it! You’ll like this!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 USD
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 | IqOption | Binary.com | Binomo | Grand Capital Ltd. | |
| Trading platform |
Digital-options | IQ Option | Webterminal | private trading terminal | WebTrader |
| Min deposit | $50 | $10 | $5 | $10 | $100 |
| Trading instruments |
no | Forex, goods, indexes, stock | indexes, Forex, goods, stock, random index | indexes, stock, currency pairs / CFD, goods | Forex, goods, indexes, stock |
| Signals | No | Yes | No | Yes | No |
| Analytical support |
No | Yes | Yes | Yes | Yes |
| Training | No | Yes | Yes | Yes | Yes |
| Additional tools |
No | Return of the fixed percent from deal at the unsuccessful forecast | premature closing | No | stop loss, take profit |
Broker comparison table of trading instruments
| ExpertOption | IqOption | Binary.com | Binomo | Grand Capital Ltd. | |
| Forex | No | Yes | Yes | No | Yes |
| Metalls | No | Yes | Yes | No | No |
| Crypto | No | No | No | No | No |
| CFD | No | Yes | Yes | No | Yes |
| indexes | No | No | No | No | No |
| Stock | No | No | No | No | No |
| ETF | No | No | No | No | No |
| Options | Yes | Yes | Yes | Yes | Yes |
Commissions & Fees ExpertOption
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 |
| Binomo | $2 | Medium |
| Binary.com | $0 | Low |
The ExpertOption broker sets fairly low commission fees, but at the same time, charges clients an additional commission for withdrawing funds in the amount of 10% of the withdrawn amount if the amount of trade transactions is less than the amount of the deposited funds.
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:
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more than 100 trading instruments are available to the company's clients;
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there are six types of real trading accounts and one virtual one to choose from;
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95% of the investment amount is the maximum profit;
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$10 is the size of the minimum deposit;
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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:
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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;
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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:
a wide range of accounts for traders with any skill level;
intuitive trading platform;
the ability to trade is available from any device connected to the Internet;
low minimum deposit;
the site is presented in 15 languages;
simple registration procedure;
24/7 support service;
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:
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.
Bonus from Traders Union.
Traders who trade through the Traders Union have an advantage. The Association pays financial rewards for trading. To do this, it is enough to register on the Traders Union website, choose a broker, open an account with him through the Association's referral link, and trade as usual. For each completed transaction, the trader will receive a rebate of a part of the broker's spread or commission of up to 100%. Thus, trading costs will be significantly reduced.
Investment Education Online
Information
In addition to trading conditions, the ExpertOption broker allows traders to learn how to trade and improve their knowledge in this area with the help of free training materials provided on the site.
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.
👍 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
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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.
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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.
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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.
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You can replenish the deposit and withdraw funds only in USD.
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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:
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email;
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call to specified phone numbers;
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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
| Registration address | 305, Griffith Corporate Centre, Beachmont, 1510, Kingstown, Saint Vincent and the Grenadines. |
| Contacts |
Email:
[email protected],
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.
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.
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:
Also, the personal account provides additional features and functions in the following sections:
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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;
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Applications. In this tab, the broker provides links to its applications that you can download to your PC, tablet, or smartphone;
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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;
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Articles. Here you can find all the training materials that ExpertOption offers, from a glossary to articles and training videos;
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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.
Tags:
ExpertOptionThe Oldest Reviews of the ExpertOption
The reviews by customers of the ExpertOption indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of ExpertOption published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
I opened an account with ExpertOption just a couple of months ago. I rarely trade. Of course, not all trades are profitable, but the profit still exists. The ExpertOption website has a lot of useful information and services to make your work easier. For example, I often review experienced traders' trades and tutorials. I’ve withdrawn money only once. Everything went without problems and delays. I will trade a little more with this broker, I need to make sure that nothing changes after the account is replenished with a larger amount. If there are no problems, I'll stay here, because I’ve already got used to it.
ExpertOption has a large selection of assets and this is its advantage. But there are a few bonus offers: there is only a welcome bonus for the first deposit. The trading conditions themselves suited me, so I have been trading with a broker for about a year. The terminal is stable. Of course, sometimes it freezes, but this happens quite rarely. I cannot call the withdrawal of funds very fast, but within 2-3 days the money is received and there have not been any delays yet. I'm not looking for another broker yet, because ExpertOption suits me perfectly.
The ExpertOption broker suits me perfectly, both in terms of trading conditions and quality of service. The support guys are pretty friendly and respond very quickly. Here you can make good money if you do everything right. I would not advise novice traders to choose ExpertOption. There are limits on the number of open trades on accounts with a small deposit. By opening only 10 trades, you will not be able to earn much. But here, of course, each trader chooses a trading strategy himself. Perhaps 10 deals are enough for someone, but definitely not for me.
I worked with ExpertOption for 3-4 months, but this cooperation left inconsistent impressions. You cannot open more than 10 trades on a micro account at the same time, but it is my fault that I did not read the conditions carefully when opening an account. However, the broker does not charge any additional fees for withdrawing funds, which is good. In principle, everything is fair, all information on accounts is publicly available on the site. But if you want to trade with normal volumes and increased profits, get ready to fork over from $2,500 on a deposit.
I chose ExpertOption because of the high payout percentage and variety of trading instruments. I opened an account within a few minutes, the money for the trading deposit was also credited pretty quickly. I have been here for only 2 months, but I have already realized that it is possible to trade with a profit because everything is transparent and fair. For now, I plan to continue, but I need to switch to premium accounts, on which the percentage of profitability is increased. Also, money is withdrawn to them faster. It is a pity that there are no options for instant withdrawal of funds, but in principle, this is not critical for me.
ExpertOption's order execution speed is very high. Also, the percentage of payouts on all assets is quite high. Verification takes a long time, so take it easy. I think it's better to wait a bit, but then not to worry when withdrawing funds. I would like ExpertOption to have a normal social trading service. I would like not only to follow the success of other traders but also to receive income by copying their trades. In general, the broker has few options for earning passive income, merely an affiliate program. In all other respects, the broker suits me and most importantly allows me to withdraw the money.
I started trading with ExpertOption not long ago, but I have already identified several advantages of this broker for myself. First, I want to note the high quality of the technical support: the guys always answer quickly and explain everything in an accessible way. Second, the training materials on the ExpertOption website are written in clear language. I am a novice trader, so for me, a simple presentation of information is very important. Meanwhile, I am trading only on a demo account, gradually getting used to the terminal and mastering the subtleties of the platform. In two weeks I plan to open a real account. Perhaps I'll start with a few trades a day, and then I'll decide whether to stay with ExpertOption or look for another broker.
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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.
Why is it more profitable to work with ExpertOption through Traders Union?
Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.
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