Expert Option vs Luno

Expert Option vs Luno Comparison Table 2023
Expert Option Luno
3.5
2

Luno is #33 in our crypto broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Trader 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.

Established in 2013, Luno has a mission to make crypto investments simple and accessible for all. The brand has a customer base of 9+ million across 43 countries. Trading fees are competitive, with no market maker charges and access to popular tokens like Bitcoin.

Bonus Offer
100% deposit bonus
Comment by Reviewer
"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 trading platform is clear and reliable." "Luno will appeal to beginners looking to trade popular cryptocurrencies on a user-friendly mobile app and web platform."
Pros
  • Quick, easy-to-learn and use trading platform
  • Diverse range of account currencies and 20+ accepted payment methods allows flexible funding
  • Good range of educational materials provides content for all experience levels
  • Analytical tools for higher-level accounts are a useful addition for experienced traders
  • High payouts up to 95% are above the industry average
  • Generous bonus offers available in some countries
  • No deposit and withdrawal fees
  • Low minimum deposit (just $10)
  • Instant Trade, savings wallets, and crypto transactions supported
  • Third-party proof of reserves audits available to view
  • Transparent fee structure with zero market maker charges
  • Market news, insights and educational content available
  • 'Deep Freeze' multi-signature wallets to store cryptos
  • High liquidity and high-speed platform so the spreads are kept low
  • Simple and easy-to-use interface
Cons
  • Small list of assets with just 100 on offer compared to 1000+ offered by some competitors
  • No traders accepted from some countries and regions including the US
  • $10/monthly inactivity fee penalizes less active traders
  • Less suitable for longer-term trading strategies
  • Very narrow range of cryptos with up to 11 tokens available that varies by jurisdiction
  • Poor payment methods with restrictions in some countries
  • Below average customer support with no live chat or telephone
  • Limited analysis tools and features for seasoned traders
  • Not regulated or insured, raising safety concerns
Instruments
Options, stocks, commodities, forex, crypto, futures, Crypto
Demo Account
Yes No
Minimum Deposit
$10 £1
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$1 £10
Regulator
SVGFSA
Margin Trading
Yes No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS and Android iOS & Android
Auto Trading
ExpertBot
Copy Trading
Yes No
Copy Trading Platform
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.
Social Trading
Yes No
Trade Signals
Only for Platinum and Exclusive accounts
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • CZK
  • AED
Commodities
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%. Forex trading not offered
GBPUSD Spread
$5 on any winning trades + 5% on payouts
EURUSD Spread
$5 on any winning trades + 5% on payouts
EURGBP Spread
$5 on any winning trades + 5% on payouts
Assets
6
Cryptocurrency
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. Luno supports cryptocurrency trading, staking and transferring on major tokens, including Bitcoin, Ethereum, Ripple and Cardano. There are no maker fees and taker fees vary by trading volume starting from 0.10%. 95% of cryptocurrencies are held in 'deep freeze' multi-signature, encrypted wallets.
Spread
$5 on any winning trades Variable
Coins
  • BTC
  • BCH
  • ETH
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • USDC
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No Yes
Binary Options
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. Binary options trading not offered
Payout
95%
Expiry Times
60 seconds - 5 minutes
Ladder Options
No No
Boundary Options
Yes No
More Comparisons
Expert Option
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Luno
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