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Expert Option
#11 in our binary options broker rankings
Accepts traders from Türkiye
Rating breakdown
- Regulation & trust2.50.5 lower than Olymp Trade (3.0)
- Assets & markets3.00.5 lower than Olymp Trade (3.5)
- Fees & costs3.30.5 higher than Olymp Trade (2.8)
- Platforms & tools2.81.5 lower than Olymp Trade (4.3)
- Accounts & banking3.80.3 higher than Olymp Trade (3.5)
- Education2.81.5 lower than Olymp Trade (4.3)
- Research3.00.4 lower than Olymp Trade (3.4)
- Customer support3.31.0 lower than Olymp Trade (4.3)
Olymp Trade’s score. Numbers show the difference.
Olymp Trade
#6 in our binary options broker rankings
Accepts traders from Türkiye
Rating breakdown
- Regulation & trust3.00.5 higher than Expert Option (2.5)
- Assets & markets3.50.5 higher than Expert Option (3.0)
- Fees & costs2.80.5 lower than Expert Option (3.3)
- Platforms & tools4.31.5 higher than Expert Option (2.8)
- Accounts & banking3.50.3 lower than Expert Option (3.8)
- Education4.31.5 higher than Expert Option (2.8)
- Research3.40.4 higher than Expert Option (3.0)
- Customer support4.31.0 higher than Expert Option (3.3)
Expert Option’s score. Numbers show the difference.
| Expert Option | Olymp Trade | |
|---|---|---|
| Overview | 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. | Olymptrade was established in 2014 and now boasts over 88 million traders. With a presence in over 130 countries and support in 13 languages, the brand offers a stable platform and attractive rewards for new traders. Olymp Trade also offers fixed time trades (FTT) over a diverse range of markets. The brand is licensed offshore by the VFSC. |
| Customer Reviews | Based on 15 customer reviews | Based on 9 customer reviews |
| Trustpilot Score | – | |
| Bonus Offer | 100% Deposit Bonus | 100% Deposit Bonus |
| Comment by Reviewer | “Expert Option suits global traders thanks to its wide range of 20+ payment methods and accessible starting deposit. It’s also a particularly good fit for crypto traders thanks to its Altcoin Index, which provides a view on the direction of the crypto market without Bitcoin. ” | “OlympTrade is built for short-term traders with contracts from just 5 seconds and fast execution. It also stands out as one of the few fixed time trade brokers to offer trading on ETFs, plus composite indexes, while its customer support excelled during testing, especially on live chat, where we got responses of under 1 minute. The trade-off is weak regulatory oversight making it higher risk.” |
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| Cons |
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| Instruments | Digital Options on Stocks, Commodities, Forex, Crypto | Forex, CFD, Stocks, Indices, Commodities, Crypto, ETFs, OTC, Fixed Time Trades |
| Demo Account | Yes | Yes |
| Minimum Deposit | $10 | $10 |
| Trading Platforms |
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| Payment Methods | ||
| Minimum Trade | $1 | $1 |
| Regulator | – | VFSC |
| Margin Trading | No | 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 | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | No | No |
| Mobile Apps | Android, iOS via mobile web trader | Android (plus APK), iOS (plus progressive web app) |
| App Review | 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. | – |
| Android App Rating | ||
| iOS App Rating | – | |
| Copy Trading | Yes | No |
| Copy Trading Platform | ExpertOption doesn’t offer fully automated copy trading, but through its user-friendly Social Trading feature which we tested and which you can access from one click in the platform, you can browse its community of traders in real-time. You can check their assets, deals, and returns, and then run your own analysis and replicate their trades if it aligns with your style and wallet management. Note that if you copy their trades at a different time, in different market conditions, the outcome may be different. | – |
| 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 |
| Inactivity Fee | $50 | $10 |
| Islamic Account | No | Yes |
| Account Currencies |
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| Stock Exchanges | – | |
| Commodities | ||
| CFD Trading | ||
| Overview | CFD trading not offered | You can speculate on a small range of CFDs covering popular asset classes such as forex, indices, commodities, cryptos and ETFs. Whilst prices trail the best brokers, the CFD trading platform is a compelling solution for beginners looking for simplicity, and you can get started with just $10. |
| Leverage | N/A | – |
| FTSE Spread | N/A | – |
| GBPUSD Spread | N/A | – |
| Oil Spread | N/A | – |
| Stocks Spread | N/A | – |
| Forex Trading | ||
| Overview | 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%. | Olymp Trade offers the industry average of around 30 currency pairs. Spreads came in at 1.1 pips for EUR/USD during tests, which is not the most competitive compared to leading brands like AvaTrade (0.9 pips). That said, experienced traders can access multipliers up to x500 on major pairs. |
| GBPUSD Spread | Variable | – |
| EURUSD Spread | Variable | 1.1 |
| EURGBP Spread | Variable | – |
| Assets | 6 | 30+ |
| Currency Indices | – |
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| Cryptocurrency | ||
| Overview | 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. | Olymp Trade offers a handful of leading cryptos like Bitcoin and Ethereum. The Basic Altcoin Index is also a great addition, offering broader exposure to the currency market for those that don't want to put all their money in one crypto. |
| Spread | $5 on any winning trades | Variable |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | 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. | Olymp Trade offers fixed time trades (FTT) on a diverse but modest range of markets, from OTC currencies to composite indices. FTT commissions are charged between 5%-10% and you can trade with ultra-short time frames from 5 seconds. Payouts are available up to 93% for those who can afford the $2000 'Expert' status deposit. |
| Payout | 86% | 93% (110% on InZone contracts) |
| Expiry Times | 5 seconds - 24 hours | 5 seconds - 23 hours |
| Ladder Options | No | No |
| Boundary Options | Yes | No |