Expert Option Review 2024


3.5 / 5
Expert Option is #12 in our binary options broker rankings.

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.

- Daytrading Review Team

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.

$10
Expert Option Web Platform
Options, Stocks, Commodities, Forex, Crypto, Futures,
100% deposit bonus
USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, AED
Visa, Skrill, Neteller, FasaPay, Mastercard, UnionPay, WebMoney, Wire Transfer, Perfect Money, Bitcoin Payments, Maestro, M-Pesa, Flutterwave

Trading App

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.

iOS App Rating
Android App Rating

Binary Options Trading

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.

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%.

Stock Trading

Stocks are not available to trade and own directly through this broker, which instead offers simple high/low binary options with payouts up to 95% on a range of popular stocks, including Facebook/META, Google, Tesla and Apple.

Crypto Trading

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.

Copy Trading

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.

✓ 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

✗ 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

ExpertOption.com is a popular online broker offering digital options. In this Expert Option review updated for 2024 we test the broker’s trading platform and app, banking options, customer service and all other important aspects of using Expert option for day trading.

ExpertOption Headlines

Expert Option began providing services to traders in 2014 and currently executes over 30 million deals each month. The company’s services are available in 48 countries, and at the time of writing, the brand has more than 70 million registered users worldwide.

Platforms

ExpertOption offers a variety of intuitive platforms, with the choice to trade via the web, mobile app, or dedicated desktop terminal.

While many brokers choose an existing platform (typically MetaTrader 4 or MetaTrader 5), Expert Option created its own platform that is fully customizable and can be tailored to the needs of each client. All features are easily integrated, whether the user is investing via a desktop or mobile device.

Multiple signals and analysis tools are available, including;

The platform also supports social trading, a helpful feature where clients can monitor and copy the deals of top traders to maximize profits.

Expert Option Trading platform

Assets & Markets

3 / 5

ExpertOption supplies up/down binaries on more than 100 of the most popular and widely traded instruments, including stocks, commodities, currency pairs, futures, and cryptos.

Among the brand’s most popular assets include equities (McDonald’s, Facebook, Apple), commodities (gold, platinum, silver), top forex pairs (USD/EUR, GBP/USD, EUR/GBP), and cryptos (Bitcoin, Bitcoin Cash, Ethereum).

Spreads & Commission

Expert Option charges a commission of $5 on any winning trades. When it comes to payouts, the brand takes up to 5%, which is below the industry standard of 15%.

Importantly, spreads vary depending on the type of account, though they can be as low as 0.1 points. It is also worth noting that spreads increase or decrease with market conditions.

Expert Option is completely free to join. There are no fees associated with trading, except a commission on winning trades and an overnight swap fee. With that said, there is an inactivity fee of $10 a month.

Leverage

Expert Option does not offer any leveraged products such as CFDs.

Mobile Apps

Expert Option has dedicated mobile apps for Android and iOS devices. These can be downloaded from the Google Play Store or Apple App Store. Alternatively, users can download the APK install file direct from the official website. Each mobile app is highly rated in their respective stores.

Our app review was impressed with the quick withdrawals, access to a free demo account, and the array of over 100 instruments complete with professional investment conditions. With that said, those who want to get a little more technical should stick to the dedicated desktop app or web platform.

Expert Option Payment Methods

ExpertOption provides users with several deposit and withdrawal methods, which helps make the brand inclusive for traders worldwide.

Deposits

Keeping the minimum deposit at $10 allows investors from all walks of life to join the platform and start their trading careers. Deals can be made for a minimum of $1 and you can deposit in any local currency. The maximum deposit amount is $5000 while the broker recommends that bigger sums are split into several transactions.

The deposit process benefits from the 20+ payment systems, providing a convenient solution for investors wherever they are based.

Some of the most popular payment options include:

Note, the broker doesn’t accept PayPal.

Withdrawals

ExpertOption has streamlined the payment process so that requests are fully processed within two business days (Monday – Friday). Depending on the method and account type, withdrawals can also be processed almost instantly, usually via cryptocurrency or e-wallets.

The minimum withdrawal amount is only $10; in most instances, account verification is required before any withdrawal is approved. The first withdrawal can only be processed through the same payment method as the deposit.

Demo Account

Expert Option provides a demo account for its clients to hone their skills and explore the platform before investing real money. Demo accounts come with a balance of $10,000. All you need to do is choose ‘create account’, then ‘login demo.’

Expert Option how it works

Bonuses & Promotions

The platform offers a 100% welcome bonus on first-time deposits starting at $30. Traders have precisely one hour following the creation of their account to take advantage of the offer.

Perks are also available to existing traders, though the offer percentage differs from those who are depositing for the first time.

Importantly, bonuses cannot be withdrawn; they can only be utilized on the site’s platform, though you are allowed to take out any profits earned.

Regulation & Licensing

Expert Option is currently licensed by the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA), which allows the company to provide financial services globally. This isn’t the most reputable regulator due to its offshore status.

The brokerage is also part of the Financial Commission Compensation Fund. This covers up to €20,000 per customer if Expert Option fails to comply with the Financial Commission’s rulings.

Additional Features

ExpertOption features an informative education section on its website which is suitable for investors of all experience levels. Customers can learn about stock indices, currencies, binary options, and detailed strategies.

The primary sources of educational materials are webinars, video tutorials, and in-depth articles, all of which can help traders better understand market signals, how indicators work, and plenty more. In addition, investors can browse a comprehensive glossary of all relevant trading terms and their definitions.

But perhaps one of the most innovative aspects of the Expert Option platform is social trading, where users can study the actions of VIP traders and get inspired to try out new strategies. For a fee, users can also replicate the positions of seasoned professionals.

ExpertOption copy trading
Social Trading Leaderboard

Live Accounts

After an easy registration process, ExpertOption provides six different types of accounts:

Micro

Basic

Silver

The most popular choice. All the Basic features plus:

Gold

All the Silver features plus:

Platinum

All the Gold features plus:

Exclusive

All the Platinum features plus:

All deposits count towards increasing a trader’s overall account type/ status, so you can work your way towards achieving a Gold or Platinum account over time.

Opening Hours

The ExpertOption platform is open 24 hours a day, 7 days a week, 365 days a year, and can essentially be accessed for trading at any time, either by mobile or desktop device. However, it’s worth noting that not all markets are open 24/7. While Expert Option can be accessed whenever you choose to login, trading is limited to the hours when markets are open.

For example, the London forex market is open between 7 AM to 4 PM GMT. In contrast, the New York forex market is open between noon to 8 PM GMT. Sydney operates between 10 PM to 5 AM GMT, while the Tokyo market opens between 11 PM to 8 AM GMT.

Customer Support

3.3 / 5

The platform also benefits from a reliable customer service department ready to assist 24/7. Several methods can be used to reach the team, namely the live chat facility (logo located at the top of the page), which provides traders with near instant support in numerous languages. This is in addition to the email ticketing system, contact form, and phone support.

Security

VBV and MasterCard verification standards are implemented for data protection purposes. Your bank card must also have 3D Secure enabled in order to deposit and be eligible for international payments.

Transactions are also PCI DSS Compliant – following bank security standards, meaning all your data is encrypted, private, and never stored on their servers. In addition, the broker employs ALM (anti-money-laundering) and KYC (know your customer) policies.

Expert Option Verdict

Expert Option trading reviews agree that the platform provides an innovative trading experience. The brokerage is packed full of the latest features and developments in online short-term trading; from a clean UI and responsive interface to the in-depth educational materials and even social trading.

FAQ

Is Expert Option Real Or Fake?

The broker is legitimate and not a scam. A variety of cryptographic algorithms are employed to ensure client data is stored securely. The brokerage is also licensed by the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA) and is part of the Financial Commission Compensation Fund.

Does Expert Option Have Bots?

Yes, the Expert Option trading robot allows you to automate your trading on both demo and live accounts. You can download it from the official website.

Can I Trade On Expert Option From India?

Yes, Expert Option is available in India, alongside many other countries like South Africa and the Philippines.

Does Expert Option Give Payment Proof?

You can find your payment or withdrawal proof in the ‘payment history’ section of your account.

What Is The Best Expert Option Strategy?

The educational materials provided by the broker offer many tips and tricks. The best winning strategy is the one that suits your trading style and risk appetite.

Can You Still Trade On Expert Option?

Currently, the platform can be accessed from most locations worldwide. However, Expert Option is not authorized to accept citizens of the following regions: European Economic Area, USA, Canada, Israel, Australia, Russia, Switzerland, New Zealand, North Korea, Puerto Rico, Iran, Singapore, and Yemen.

Top 3 Alternatives to Expert Option

Compare Expert Option with the top 3 similar brokers that accept traders from your location.

  1. Dukascopy – Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading.

  2. Videforex – Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

Expert Option Comparison Table

Compare Expert Option With Similar Brokers
Expert Option Dukascopy Videforex World Forex
Rating 3.5 3.6 3.4 4
Markets Options, Stocks, Commodities, Forex, Crypto, Futures, Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options Binary Options, CFDs, Forex, Indices, Commodities, Crypto Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $10 $100 $250 $1
Minimum Trade $1 0.01 Lots $0.01 0.01 Lots
Regulators SVGFSA FINMA, FCMC, JFSA SVGFSA
Bonus 100% deposit bonus 10% Equity Bonus 20% to 200% Deposit Bonus 100% Deposit Bonus
Education No Yes No No
Platforms Expert Option Web Platform MT4, AlgoTrader TradingView MT4, MT5
Leverage N/A 1:200 1:500 1:1000
Payment Methods 13 11 8 10
Visit Visit Visit Visit Visit
Review Dukascopy
Review
Videforex
Review
World Forex
Review

Compare Trading Instruments

Compare the markets and instruments offered by Expert Option and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Expert Option Trading Instruments
Expert Option Dukascopy Videforex World Forex
Binary Options Yes Yes Yes Yes
Expiry Times 60 seconds – 5 minutes 3 minutes – 1 day 5 seconds – 1 month 1 minute – 7 days
Ladder Options No No No No
Boundary Options Yes No No No
CFD No Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes No Yes Yes
Copper No Yes Yes No
Silver Yes No No Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes No Yes No
Options Yes No No No
ETFs No Yes No No
Bonds No Yes No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

Expert Option vs Other Brokers

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Customer Reviews

  5 / 5

This average customer rating is based on 13 Expert Option customer reviews submitted by our visitors.

If you have traded with Expert Option we would really like to know about your experience - please submit your own review. Thank you.

  5

कम न्यूनतम जमा और छोटे राशि के साथ व्यापार की संभावना के साथ, ExpertOption नए निवेशकों के लिए बेहतरीन है, जो केवल वित्तीय बाजारों की दुनिया में अपना पथ प्रारंभ कर रहे हैं।

Translation

With a low minimum deposit and the possibility to trade with small amounts, ExpertOption is great for new investors who are just starting their path in the world of financial markets.

✍ Sotepana | 🌐 India | March 5, 2024
  5

ExpertOption मुझे अद्वितीय शैक्षिक संसाधन प्रदान करता है, जिनसे मेरे ट्रेडिंग कौशल में सुधार हुआ है। इस ब्रोकर की मदद से मैं अब अधिक आत्मविश्वासी और सफल ट्रेडर बन गया हूँ।

Translation

ExpertOption provides me with unique educational resources that have improved my trading skills. With the help of this broker I have now become a more confident and successful trader.

✍ Chulame | 🌐 India | February 20, 2024
  5

ExpertOption में परीक्षण किया जा सकता है, डेमो खाते पर कैसे काम करता है, यहाँ सब कुछ देख सकते हैं, और फिर प्रारंभिक धन से व्यापार करना शुरू कर सकते हैं। बहुत सारे उपकरण उपलब्ध हैं, बहुत सारे उपकरण उपलब्ध हैं, तो अगर आप सक्रिय रूप से व्यापार करेंगे, तो आप ठीक-ठाक कमाई कर सकते हैं।

Translation

You can test everything in ExpertOption, see how it works on the demo account, and then start trading with the initial money. There are a lot of tools available, so if you trade actively, you can make decent money.

✍ Paiser | 🌐 India | February 13, 2024
  5

Thanks to ExpertOption, I have significantly expanded my investment portfolio and discovered new markets. The ability to trade cryptocurrencies, stocks, commodities, and currency pairs on a single platform is truly unique and allows for risk diversification.

✍ yllonen | 🌐 India | February 6, 2024
  5

ExpertOption मुझे सुरक्षितता के मामले में संतुष्ट करता है। यह सभी यह दो-स्तरीय प्रमाणीकरण – एक चीज है! मैं अपनी कमाई के लिए चिंता मुक्त हूँ, वे यहाँ सुरक्षित हैं।

Translation

ExpertOption satisfies me in terms of security. It's all this two-tier authentication – a thing! I am free to worry about my earnings, they are safe here.

✍ vadnaisald | 🌐 India | January 29, 2024
  5

प्लेटफ़ॉर्म शानदार है, सुविधाजनक। मैं इस टर्मिनल का उपयोग पार के वर्षों से कर रहा हूँ। इस समय के दौरान सकारात्मक और नकारात्मक क्षण थे। लेकिन यह एक विनिमय है, और यह सामान्य है। मैं एक जुआरहित व्यक्ति हूँ, मैं प्रतीक्षा करना जानता हूँ, इसलिए मैं हमेशा लाभ में रहता हूँ। मुझे लगता है कि यह उन लोगों के लिए सर्वोत्तम विकल्प है जो निवेश करने के लिए पसंद करते हैं।

Translation

The platform is great, convenient. I have been using this terminal for over years. There were positive and negative moments during this time. But it's an exchange, and it's normal. I am a non-gambling person, I know how to wait, so I am always in profit. I think this is the best option for those who like to invest.

✍ Hurnam | 🌐 India | January 22, 2024
  5

ExpertOption वह विकल्प है जिन्हें उन्होंने चयन किया है जो व्यापारिक उपकरणों की विविधता की कद्र करते हैं। मुझे यह पसंद है कि वे क्रिप्टोकरेंसी का समर्थन करते हैं। सोशल रेडार सूचित निर्णयों का निर्माण में मदद करता है। बोनसेस सुरूप अच्छा लगता है।

Translation

ExpertOption is the option chosen by those who value the diversity of trading tools. I like that they support cryptocurrencies. Social radar helps in making informed decisions. The bonuses look good.

✍ Belokom | 🌐 India | January 16, 2024
  5

I chose expertoption for myself because the broker allowed me to trade without delays. And that’s why I will continue to trust them.

✍ Quranksetas | 🌐 Palestine | December 25, 2023
  5

An excellent broker, and trading with them is really very convenient. That is, you can immediately see all the tools that they offer, and their analysis is good, so you can see the forecasts that can be made. In general, I am currently trading with Expertoption.

✍ Ramzid | 🌐 Kuwait | December 24, 2023
  5

Expertoption میں تمام اہم کرنسی پیرز دستیاب ہیں، اس لئے میں کچھ برائی نہیں کہ سکتا۔ پیسے نکلانے کے ساتھ بھی سب کچھ ٹھیک ہے، تمام کمائی شدیدی سے منتقل ہوتی ہیں۔ میں امید کرتا ہوں کہ اسی سطح کی خدمت مستقبل میں بھی برقرار رہے۔

Translation

All major currency pairs are available, so I can't say anything bad. Everything is fine with withdrawals too, all earnings are transferred intensively. I hope the same level of service is maintained in the future.

✍ Rudehon Savilen | 🌐 Pakistan | December 19, 2023

Submit Your Own Review of Expert Option

If you have experience trading with Expert Option please share your personal review of the broker and what you think are strong and weak points. Thank you.

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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.