ExpertOption Review, Without a doubt is a legitimate broker. With ExpertOption, traders have a terrific, inexpensive option to begin trading online. They provide both high-tier premium accounts and low-deposit micro accounts. The organization provides a wealth of trading tools and first-rate client support.
Since its establishment in 2014, ExpertOption has gained a devoted following by establishing itself as one of the most dependable and trustworthy trading platforms available. Each month, ExpertOption handles over 30 million transactions. Almost 150 countries provide it, and there are more than 65 million people that have signed up for it globally.
ExpertOption won “Best Trading Platform” at the China Trade Expo in Shenzhen in May 2017. We’ll talk about the legitimacy of ExpertOption in this review, as well as how to determine if it’s the best trading platform for you.
Summary for Expert Option
Online broker ExpertOption is overseen by SVGFSA. It has various features that set it apart from its rivals, including a minimal minimum deposit requirement, a distinctive platform, quick customer service, no transaction fees, and top-notch instructional content. Yet, it also has certain drawbacks. Several nations, including the United States, Canada, and the EU, are excluded from its clientele. ExpertOption is a wonderful broker to start trading with if it suits you.
Expert Option Overview
| Feature | Expert Option |
|---|---|
| Headquarters | Kingstown, Saint Vincent and Grenadines |
| Foundation Year | 2014 |
| Minimum Deposit | $0 |
| Deposit Fee | $0 |
| Withdrawal Fee | $0 |
| Inactivity Fee | $10/month |
| Demo Account | Yes |
| Minimum Trade | $1 |
| Minimum Withdrawal | $10 |
| Bonus | up to 100% |
| Deposit Methods | Wire Transfer, MasterCard/Visa, Maestro, PayPal, eo.finance, QIWI, WebMoney, Yandex Money, Skrill, Neteller, PM, UnionPay, fasapay, epayments |
| Islamic Account | No |
| Instruments | Fixed Time Trades |
| Platforms | Web, Windows, Android, iOS, MacOS |
| Assets | Stocks, Commodities, Forex, Crypto |
| Number of Assets | 100+ |
| Leverage | max. 1:500 |
| Margin Trading | No |
| STP Account | No |
| DMA Account | No |
| ECN Account | No |
| Auto Trading | No |
| Trade Signals | No |
| Copy Trading | No |
| Forex Pairs | Yes |
| Account Types | Micro, basic, silver, gold, platinum, exclusive |
| Withdrawal Time | 2-5 days |
| Regulation | VFSC, FMRRC |
| Customer Support | Live chat, phone number, email |
| Languages | English, Hindi, Chinese (2 variations), Thai, Indonesian, Malaysian, Filipino, Korean, Vietnamese, Spanish, Polish, Portuguese, Arabic, and Turkish |
| US and UK Traders | Not Accepted |
| Our Score | 4.5/5 |
ExpertOption Review : Pros and Cons
| Pros | Cons |
|---|---|
| High quality educational material | No MetaTrader platforms |
| Low minimum deposit | Does not accept many countries, including USA, Canada, and EU countries |
| Free demo account | |
| Creating a demo account does not require giving personal information | |
| Great customer support and available 24/7 | |
| No transaction commissions or fees | |
| Easy-to-use, specially designed platform | |
| Wide variety of cryptocurrencies |
In comparison to Comparable Brokers
To help you learn more about the broker, we’ve included a quick comparison of ExpertOption and its rivals below.
| Broker | Expert Option | Olymp Trade | Binance | IQ Option |
|---|---|---|---|---|
| Year | 2014 | 2014 | 2017 | 2013 |
| Minimum Deposit | $10 | $10 | $0 | $10 |
| Inactivity fee | Yes | Yes | No | Yes (90 days) |
| Minimum Trade | $1 | $1 | $10 | 0.001 lots |
| Platforms | Web, Windows, Android, iOS, macOS | Web, Windows, iOS, Android | Web, Windows, iOS, Android | Web, Windows, macOS, Android, iOS |
| Languages | 15 | 15 | 17+ | 17 |
| Regulation | SVGFSA | FinaCom | FCA | CySEC |
Payouts for ExpertOption
The average payment and various payout percentages for several well-known assets are listed below.
| Forex Pairs | Payout |
|---|---|
| EUR/USD | 70% |
| USD/JPY | 88% |
| GBP/USD | 70% |
| Average | 76% |
| Cryptocurrency | Payout |
|---|---|
| Bitcoin | 85% |
| Ethereum | 87% |
| Ripple | 71% |
| Average | 81% |
| Precious Metals | Payout |
|---|---|
| Gold | 91% |
| Silver | 78% |
| Average | 84.5% |
ExpertOption Review : Demo Account
ExpertOption offers a demo account feature that enables its clients to hone their trading abilities and familiarize themselves with the platform before committing real funds. What’s more, users can access a virtual balance of $10,000 without needing to go through the account registration process.
This is an excellent feature, especially for beginners who might be hesitant to share their personal information just to test the platform. Additionally, it is noteworthy that the broker does not pressure clients into opening a real account after using the demo account. This displays a broker who trusts its abilities and does not need to resort to pressuring tactics to attract clients.
In essence, the f demo account is a valuable tool that grants clients full access to all of the platform’s features and pricing, akin to a live account. As such, new users can experiment and determine if their trading style aligns with the platform.
Available Deposit Methods
Expert Option offers many deposit methods. Here is the full list:
- Wire Transfer
- MasterCard/Visa
- Maestro
- PayPal
- eo.finance
- QIWI
- WebMoney
- Yandex Money
- Skrill
- Neteller
- PM
- UnionPay
- fasapay
- epayments
Available Cryptocurrencies
ExpertOption offers a good variety of cryptocurrencies that are all listed below:
- Bitcoin
- Ethereum
- Bitcoin Cash
- Bitcoin Gold
- Ripple
- Dash
- Ethereum Classic
- IOTA
- Monero
- Litecoin
- Tether
- Zcash
Contribution and Withdrawal
ExpertOption provides clients with a smooth deposit and withdrawal process. The broker supports over 20 different payment methods, including credit/debit cards like MasterCard, Visa, and Maestro, as well as e-wallets such as Skrill, Neteller, FasaPay, and Perfect Money. Additionally, ExpertOption owns eo.finance, a payment platform that clients can use to fund their accounts.
For withdrawals, ExpertOption allows clients to use the same payment methods they used for deposits, including credit cards, e-wallets, and cryptocurrencies. However, clients must withdraw their initial investment amount using the same payment method they used to create their account. Afterward, clients can choose a different payment method for any remaining funds. The broker’s minimum withdrawal amount is $10, and requests are usually processed within two business days. In some cases, additional documents may be required, which clients can submit via email.
To prevent unauthorized access, ExpertOption requires clients to verify their identity before requesting a withdrawal. There are no commissions or fees for payment processing.
Regarding deposits, the minimum amount varies depending on the account type. Clients can deposit as little as $10 for the micro account and up to $5,000 for the platinum account. ExpertOption accepts major credit and debit cards, cryptocurrencies, and other methods such as UnionPay, WebMoney, Neteller, Skrill, Perfect Money, QIWI, FasaPay, and Yandex Money.
Here is a breakdown of the minimum deposit for each account type:
| Account Type | Minimum Deposit |
|---|---|
| Micro | $10 |
| Basic | $50 |
| Silver | $500 |
| Gold | $2,500 |
| Platinum | $5,000 |
Fees
ExpertOption is a free platform to register and trade with. However, your payment system or payment aggregator may charge a fee. There are no associated fees with trading except for the commission on successful trades.
| Fees | Amount |
|---|---|
| Trading Fees | $5 per successful trade |
| Payouts | Up to 5% of successful trades (lower than industry standard) |
| Spreads | Vary depending on the account type and market circumstances |
| Leverage | 1:30 for most forex pairs, 1:20 for minor pairs, up to 500:1 |
| Bonuses | 100% bonus on deposits of $30 or more for first-time traders |
| Customer Support | Available 24/7 via phone, email, or live chat |
ExpertOption offers a 100% bonus to all first-time depositors on deposits of $30 or more. Unlike with other brokers, accepting bonuses from ExpertOption does not limit your ability to withdraw. Existing traders can also take advantage of bonuses, but the percentage offered differs from that of first-time depositors.
ExpertOption customer service is available 24/7 via phone, email, or live chat. The online chat service is available in multiple languages and over 100 account managers work for the broker to meet the demands of clients. The phone number is also available in different countries, and outgoing calls will be charged according to the city’s tariffs indicated in brackets.
Contact Details:
- English Phone Number: +44 20 3868 3160
- Hindi Phone Number: 000 800 443 0002
- English Email Address: english@expertoption.com
- Hindi Email Address: hindi@expertoption.com
Expert Option: Is it a Scam?
ExpertOption is a legitimate and reliable broker for online trading, and it is not a scam. The broker offers low-cost micro accounts and high-tier premium accounts, as well as excellent customer service and a wide range of trading tools. ExpertOption is authorized and regulated by the VFSC and is an FMRC authorized broker.
Client security is a top priority for ExpertOption, and they ensure this through their Mastercard and Visa SecureCode status. The broker is also Cert Trusted Secure and PCI DSS compliant, and all data is encrypted using advanced cryptographic algorithms. The website uses SSL encryption, as indicated by the lock icon next to the URL in the browser, and an https:// address.
ExpertOption has been recognized for its trading platform, winning the “Best Trading Platform” award at the China Trading Expo Shenzhen in May 2017. Although the broker does not prominently display additional accolades on its website, it has received positive feedback from traders and independent websites.
In conclusion
ExpertOption offers a user-friendly and comprehensive trading platform that allows traders to easily buy and sell various financial assets. The broker provides a plethora of educational resources, powerful trading tools, and dedicated customer support to ensure that traders have all the resources they need to succeed in the market. With a low minimum investment of just $10, traders can choose from a range of account types that cater to their specific needs. While it is important to note that ExpertOption does not cater to clients from the US, Canada, and EU countries, it remains a top choice for traders of all levels of experience. Overall, ExpertOption is a reliable and trustworthy broker that offers a range of features and benefits for traders looking to enter the world of online trading.
FAQ
what is expert option ?
Expert Option is an online trading platform that allows users to trade a variety of financial instruments such as currencies, commodities, stocks, and cryptocurrencies. It offers a simple and user-friendly trading interface, low minimum deposits, and a wide range of account options to suit the needs of different traders. Expert Option is regulated by the VFSC, and its services are available in multiple languages to cater to traders from around the world. It also provides educational materials, trading tools, and customer support to help traders make informed trading decisions.
how to delete expertoption account ?
To delete your ExpertOption account, you will need to contact their customer support team via email at help@expertoption.com and request to have your account deleted. They will likely ask you to provide some personal information to verify your identity before proceeding with the account deletion process. Once your account has been deleted, you will no longer have access to it and any remaining funds will be returned to you, subject to their withdrawal terms and conditions.
| Expert Option – Quick Facts | |
|---|---|
| Deposit Bonus | up to 100% |
| Regulated by | VFSC & FMRRC |
| Payouts | up to 95% |
| Assets | Commodities, Crypto, Forex, Stocks |
| Minimum Deposit | $10 |
| Demo Account | $10,000 |
