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PrimeXBT vs Expert Option

PrimeXBT vs Expert Option Comparison Table 2024
PrimeXBT Expert Option
Review
4.1
Review
3.5

PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices.

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
4.6
Based on 9 PrimeXBT customer reviews
5
Based on 13 Expert Option customer reviews
Bonus Offer
$100 Deposit Bonus 100% deposit bonus
Comment by Reviewer
"PrimeXBT is good for beginners looking to trade crypto derivatives among traditional assets like forex and indices. There's also a proprietary copy trading solution for novices looking to learn from more experienced investors. With that said, the lack of regulation means traders will receive limited safeguards." "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
  • The broker’s platform and app offer advanced charting features, including 50+ technical indicators, a customizable layout and multiple order types including OCO
  • PrimeXBT offers low maker and taker fees coming in at 0.01% and 0.02%, respectively, for crypto futures contracts
  • There’s a range of additional trading opportunities on offer, including demo contests and a copy trading solution
  • The broker delivers ultra-fast trade execution speeds, averaging <7.12 ms - ideal for active day traders
  • Beginners can access a crypto trading Academy with bite-size resources and YouTube videos
  • The broker offers 24/7 customer support via live chat, as well as an extensive help centre
  • 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
  • The lack of reputable regulatory oversight is a security concern, though this is common in the crypto trading industry
  • The total selection of 110+ assets is far fewer than top competitors, including OKX with 400+
  • It’s a shame that there are no popular third-party platforms on offer such as MT4
  • 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 Crypto Trading App
  • Best Platform For Margin Trading
  • Most Trusted Crypto Asset Trading Platform
  • Best Crypto And Forex Broker
Instruments
CFDs, Cryptos, Forex, Indices, Commodities, Futures Options, Stocks, Commodities, Forex, Crypto, Futures,
Demo Account
Yes Yes
Minimum Deposit
$0 $10
Trading Platforms
  • Own
  • Expert Option Web Platform
Payment Methods
Minimum Trade
0.01 Lots $1
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
Yes 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
Yes ExpertBot
Copy Trading
Yes Yes
Copy Trading Platform
PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable strategy provider, you simply need to hit ‘follow’ to get started. 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 Yes
Trade Signals
No Only for Platinum and Exclusive accounts
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $50
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • CZK
  • AED
Stock Exchanges
Commodities
CFD Trading
PrimeXBT offers CFDs across four asset classes with very high leverage up to 1:1000. Beginners can also take advantage of the broker’s useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat. CFD trading not offered
Leverage
1:1000 N/A
FTSE Spread
Variable N/A
GBPUSD Spread
Variable N/A
Oil Spread
Variable N/A
Stocks Spread
Variable N/A
Forex Trading
PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. Traders can enjoy trading via margin with zero commissions. Additionally, the broker’s copy trading service allows you to explore various currency trading strategies. 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
Variable Variable
EURUSD Spread
Variable Variable
EURGBP Spread
Variable Variable
Assets
45+ 6
Cryptocurrency
Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes. 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
0.05% BTC, 0.05% ETH $5 on any winning trades
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • EOS
  • ADA
  • DOT
  • SOL
  • UNI
  • LINK
  • DOGE
  • BNB
  • ICP
  • SAND
  • more
  • 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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