Your capital is at risk. Trade only with funds you can afford to lose.
FOREX.com
#36 in our CFD broker rankings
Accepts traders from SKAN
Rating breakdown
- Regulation & trust4.52.0 higher than Expert Option (2.5)
- Assets & markets4.01.0 higher than Expert Option (3.0)
- Fees & costs4.20.9 higher than Expert Option (3.3)
- Platforms & tools4.61.8 higher than Expert Option (2.8)
- Accounts & banking4.00.2 higher than Expert Option (3.8)
- Education3.91.1 higher than Expert Option (2.8)
- Research4.81.8 higher than Expert Option (3.0)
- Customer support3.90.6 higher than Expert Option (3.3)
Expert Option’s score. Numbers show the difference.
Expert Option
#13 in our binary options broker rankings
Accepts traders from SKAN
Rating breakdown
- Regulation & trust2.52.0 lower than FOREX.com (4.5)
- Assets & markets3.01.0 lower than FOREX.com (4.0)
- Fees & costs3.30.9 lower than FOREX.com (4.2)
- Platforms & tools2.81.8 lower than FOREX.com (4.6)
- Accounts & banking3.80.2 lower than FOREX.com (4.0)
- Education2.81.1 lower than FOREX.com (3.9)
- Research3.01.8 lower than FOREX.com (4.8)
- Customer support3.30.6 lower than FOREX.com (3.9)
FOREX.com’s score. Numbers show the difference.
| FOREX.com | Expert Option | |
|---|---|---|
| Overview | Founded in 2001, 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 | Based on 5 customer reviews | Based on 15 customer reviews |
| Trustpilot Score | – | |
| Bonus Offer | 20% Welcome Bonus Up To $5,000 | 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 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. ” |
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| Cons |
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| Instruments | Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | Digital Options on Stocks, Commodities, Forex, Crypto |
| Demo Account | Yes | Yes |
| Minimum Deposit | $100 | $10 |
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| Payment Methods | Debit Card, Credit Card, Visa, Mastercard, Wire Transfer, Local Bank Transfer, Skrill, Neteller, PayPal, PayNow | |
| Minimum Trade | 0.01 Lots | $1 |
| Regulator | NFA, CFTC, CIRO, FCA, CySEC, ASIC, FSA, MAS, CIMA, CMA-UAE | – |
| 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 | Android, iOS via mobile web trader |
| 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 | ||
| iOS App Rating | – | |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | – |
| Copy Trading | No | Yes |
| 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 | No | Yes |
| Trade 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 |
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| Stock Exchanges | – | |
| Commodities | ||
| CFD Trading | ||
| Overview | 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 | 1:400 | 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 | ||
| Overview | FOREX.com continues to uphold its stature as a premier FX broker, offering 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 $7 commission per $100k, it stands out. | 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%. |
| GBPUSD Spread | 1.3 | Variable |
| EURUSD Spread | 1.2 | Variable |
| EURGBP Spread | 1.4 | Variable |
| Assets | 84 | 6 |
| Cryptocurrency | ||
| Overview | 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 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | 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 | – | 86% |
| Expiry Times | – | 5 seconds - 24 hours |
| Ladder Options | No | No |
| Boundary Options | No | Yes |