Expert Option vs ZuluTrade

Expert Option vs ZuluTrade Comparison Table 2024
Expert Option ZuluTrade
3.5
3.1

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.

ZuluTrade is a renowned social-wealth management platform that allows investors to trade by copying the trades of experienced traders, also known as leaders. This award-winning platform supports social trading and copy trading across multiple assets and has a network of more than 90,000 Leaders and 1,000+ brokers. ZuluTrade is part of the Finvasia Group and is regulated in the EU, South Africa, Japan and Mauritius.

Customer Reviews
5
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 day trading platform is clear and reliable." "We recommend ZuluTrade for investors interested in joining one of the world's largest and best-performing social trading networks. The platform is user-friendly and clients can copy trade in a variety of popular financial markets."
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
  • First and oldest copy trading platform
  • A vibrant social community of traders to connect, share, learn and grow
  • Reliable and easy-to-use mobile app
  • Access to popular cryptocurrencies including Bitcoin
  • Free and fully functioning demo account, perfect for beginners
  • Wide range of performance indicators and graphs to help evaluate leaders
  • More than 90,000 leaders to follow and copy which could result in greater earnings
  • Investors can comment directly on leaders’ profile pages
  • Only view the top leaders who comply with stringent criteria, demonstrating consistent and reliable performance
  • Broker and Platform Agnostic, which means that users can enjoy the freedom of choice across a variety of brokers, markets and trading platforms
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
  • Some inconsistent leaders to be aware of
  • Employing an effective money management system can be difficult for beginners
  • Leaders are not formally vetted. The ZuluGuardTM feature does mitigate this risk, however, by automatically removing a leader when detecting a trading strategy has deviated from its expected loss profile
Awards
  • Best Social Trading Solution at UF Awards 2022
  • Best Social Wealth Management Platform at Forex Expo Dubai in October 2022
  • Best Social Trading Solution Award at iFX EXPO Dubai 2023
  • Best Wealth Management Platform Africa Awards at FAME Awards 2023
  • Best Social Trading Solution at UF Awards APAC 2023Best Social Trading Solution at UF Awards Global 2023 in Cyprus
Instruments
Options, Stocks, Commodities, Forex, Crypto, Futures, CFDs; Forex, Stocks, Cryptos, Commodities, Indices
Demo Account
Yes Yes
Minimum Deposit
$10 Broker Dependant
Trading Platforms
  • Expert Option Web Platform
  • X Open Hub
  • Match-Trader
  • MT4
  • MT5
  • ActTrader
Payment Methods
Investors - Broker-Dependent. Leaders - Bank Transfer, PayPal, Cryptos
Minimum Trade
$1 $1
Regulator
SVGFSA HCMC in EU, FSA in Japan, FSC in Mauritius, FSCA in South Africa
Margin Trading
No Yes
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 & Android iOS & Android
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
4.2
iOS App Rating
2.5
Auto Trading
ExpertBot ZuluTrade are market leaders in automated trading. From scripts to auto execution APIs and copy trading.
Copy Trading
Yes Yes
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. Investors can follow the strategies and positions of 90,000+ traders spanning a range of financial markets. ZuluTrade is one of the top-rated and regulated copy trading platforms globally, with multiple industry awards, an excellent reputation and a suite of risk management tools and real-time analysis features.
Social Trading
Yes Yes
Trade Signals
Only for Platinum and Exclusive accounts Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$50
Islamic Account
No Yes
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%. In the realm of Forex CFDs, ZuluTrade offers access to an extensive selection of currency pairs, enabling traders to engage in the exciting world of currency exchange with ease and flexibility.
GBPUSD Spread
Variable Broker dependent
EURUSD Spread
Variable Broker dependent
EURGBP Spread
Variable Broker dependent
Assets
6 Broker dependent
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. ZuluTrade supports Crypto CFDs, making it possible for traders to speculate on the price movements of cryptocurrencies like Bitcoin and Ethereum. This feature allows traders to participate in the cryptocurrency market without owning the underlying assets.
Spread
$5 on any winning trades Broker dependent
Coins
  • BTC
  • BCH
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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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