The minimum deposit size at ExpertOption starts from $10. Payment methods available: payment apps, cryptocurrencies, credit/debit cards, and bank transfers.
ExpertOption Minimum Deposit And Account Details
Updated: October 18, 2023
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ExpertOption has emerged as a reputable binary trading platform for traders in the ever-evolving world of online trading. This article delves deep into the specifics of the ExpertOption deposit system, shedding light on the minimum deposit requirements, associated fees, processing times, and a comprehensive step-by-step guide on depositing money into your ExpertOption account. Understanding these intricacies is crucial for traders to ensure smooth transactions and to make informed decisions.
What is ExpertOption minimum deposit?
ExpertOption minimum deposit vs competitors
| Pocket Option | ExpertOption | IQCent | |
|---|---|---|---|
| Minimum Deposit | $50 | $10 | $20 |
ExpertOption deposit methods and fees
ExpertOption Deposit Methods vs Competitors
| Pocket Option | ExpertOption | IQCent | |
|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes |
| Debit/Credit Card | Yes | Yes | Yes |
| Payment apps | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes |
ExpertOption deposit fees
Expert Option broker prides itself on its transparent fee structure. Traders will be pleased to know that the broker does not charge any fees for deposits or withdrawals. This means that the amount you deposit is the exact amount that will be reflected in your trading account. However, it's essential to be aware of the inactive fee. If your account remains dormant, ExpertOption will levy a $10 charge per month. While the broker does not impose a trading fee for deposit replenishment or fund withdrawal, it's crucial to note that your payment system might have its own set of commissions. Fortunately, ExpertOption ensures traders don't have to bear currency conversion fees, making the process more cost-effective.
ExpertOption deposit - Processing time
Time is of the essence in the trading world. ExpertOption understands this and ensures fast and efficient withdrawals. Typically, a withdrawal takes just one working day to be processed. However, the time taken for the money to reflect in a deposit varies based on the payment system. Electronic system payments can range from a few seconds to several days. On the other hand, bank transfer payments might take up to 45 days. It's reassuring that withdrawal requests are processed within two days, ensuring traders have timely access to their funds.
ExpertOption account currencies
ExpertOption Deposit Methods vs Competitors
| Pocket Option | ExpertOption | IQCent | |
|---|---|---|---|
| Account Currencies | USD | USD | USD, EUR, and GBP |
How to deposit money on ExpertOption? Step-by-step guide
Depositing money into ExpertOption is a seamless process. Here's a detailed guide to help you navigate:
Bank cards (VISA/ MasterCard)
Visit the ExpertOption website or mobile app.
Log in to your trading account.
Navigate to “Finances” in the top left corner and select "Deposit."
Opt for the "VISA / MasterCard" method.
Specify your deposit amount or choose a predefined sum.
If a deposit bonus is available, decide whether to accept it.
You'll be directed to a page to input your card details, including the CVV.
Upon a successful transaction, your funds will be credited instantly.
Internet banking
After logging in, select “Finances” followed by "Deposit."
Opt for the "Banks of..." method.
Input the deposit amount and proceed.
You'll be directed to a page to select your bank and provide the necessary details.
Once the transaction is confirmed, your funds will be credited immediately.
E-payments
Navigate to “Finances” and select "Deposit."
Choose an e-payment method, like "WebMoney".
Specify the deposit amount and continue.
Provide the necessary details for your chosen e-payment method.
Upon a successful transaction, your funds will be instantly credited.
Crypto
After logging in, select “Finances” followed by "Deposit."
Opt for the "Crypto" or "Binance Pay" method.
Input the deposit amount and proceed.
You'll be directed to a page displaying a crypto address. Transfer the exact crypto amount to this address.
Once the network confirms the payment, it will be completed.
Note:
The minimum deposit amount is 10 USD. An automatic conversion will occur if your bank account uses a different currency. Many traders prefer e-payments over bank cards due to faster withdrawal times. Remember, ExpertOption does not charge deposit fees. Moreover, ExpertOption doesn't offer any binary option no-deposit bonus.
FAQs
Does ExpertOption really pay?
ExpertOption is a legitimate trading platform that has built a reputation for ensuring timely payments to its traders. Many users have reported positive experiences with their transactions, confirming the platform's commitment to its promises.
What is the minimum withdrawal from ExpertOption?
The minimum amount that traders can withdraw from ExpertOption is set at 10 USD. This threshold is designed to be accessible, allowing traders to easily manage and retrieve their funds.
How much can I invest at ExpertOption?
At ExpertOption, the minimum deposit or investment amount is $10. This low entry point is intended to encourage new traders to try out the platform without a significant financial commitment.
How do I deposit money into ExpertOption?
To deposit money into ExpertOption, visit the finances section, click on deposit, choose your preferred deposit method, specify the amount, and confirm the deposit.
Team that worked on the article
Alamin Morshed
Contributor
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Dr. BJ Johnson
Developmental English Editor
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.