Forex.com vs Expert Option

FOREX.com vs Expert Option Comparison Table 2024
FOREX.com	Expert Option
Review 4.5	Review 3.5

Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.	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.
Customer Reviews
4.7 Based on 3 FOREX.com customer reviews	5 Based on 13 Expert Option customer reviews
Bonus Offer
	100% deposit bonus
Comment by Reviewer
"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."	"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."
Pros
With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage. The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis. Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders. FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders. There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.	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
Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies. FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms. Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi. There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account. Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.	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
Awards
Best CFD Broker 2022 - Rankia Best HNW Service 2022 - Dubai Forex Expo Best US Broker 2020 - DayTrading.com Best US Broker 2019 - DayTrading.com Runner-Up - Best Forex Broker 2019 - DayTrading.com
Instruments
CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities	Options, Stocks, Commodities, Forex, Crypto, Futures,
Demo Account
Yes	Yes
Minimum Deposit
$100	$10
Trading Platforms
MT4 MT5 TradingView eSignal AutoChartist TradingCentral	Expert Option Web Platform
Payment Methods
ACH Transfer Credit Card Debit Card Mastercard Neteller Skrill Visa Wire Transfer	Bitcoin Payments FasaPay Flutterwave M-Pesa Maestro Mastercard Neteller Perfect Money Skrill UnionPay Visa WebMoney Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA	SVGFSA
Margin Trading
Yes	No
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS & Android
App Review
Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love.	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
3.8	4.2
iOS App Rating
3.6	2.5
Auto Trading
Expert Advisors (EAs) on MetaTrader	ExpertBot
Copy Trading
No	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.
Social Trading
No	Yes
Trade Signals
SMART Signals	Only for Platinum and Exclusive accounts
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$15	$50
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF PLN	USD EUR GBP CAD AUD NZD INR JPY ZAR MYR IDR TRY SEK NOK DKK CHF HKD SGD RUB PLN CZK AED
Stock Exchanges
Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Coffee Cotton Gold Livestock Natural Gas Oil Orange Juice Silver Soybeans Sugar Wheat	Gold Platinum Silver
CFD Trading
With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious day traders.	CFD trading not offered
Leverage
1:200 (Retail), 1:500 (Pro)	N/A
FTSE Spread
1.0	N/A
GBPUSD Spread
1.3	N/A
Oil Spread
2.5	N/A
Stocks Spread
0.14	N/A
Forex Trading
FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets.	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 App
Running alongside the Advanced and Web Trader Platforms, the FOREX.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.
GBPUSD Spread
1.3	Variable
EURUSD Spread
1.2	Variable
EURGBP Spread
1.4	Variable
Assets
80+	6
Cryptocurrency
You can trade a small range of 8+ cryptos against USD, EUR, GBP and AUD with tight spreads and no virtual wallet required. Algo traders can also utilize Expert Advisors (EAs) to automate their crypto trades.	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.
Spread
BTC 1.4%, ETH 2%	$5 on any winning trades
Coins
BTC BCH ETH LTC XRP	BTC BCH ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	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.
Payout
	95%
Expiry Times
	60 seconds - 5 minutes
Ladder Options
No	No
Boundary Options
No	Yes

Review	Review
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