Expert Option Review

ExpertOption was established in 2014. It has gained a loyal following through its reputation as one of most reliable and trustworthy trading platforms. ExpertOption processes more than 30 million trades per month. ExpertOption is available in more than 150 countries, and it has over 65,000,000 registered users around the world.

ExpertOption won the “Best Trading Platform” award at the China Trading Expo held in Shenzhen, May 2017. This Expert Option Review will discuss whether ExpertOption can be trusted and how to determine if it is the right platform.

Summary of Expert Option

ExpertOption is an online broker that is regulated by SVGFSA. It offers many advantages over its competitors. These include a low minimum deposit, unique platform, prompt customer support, zero transaction fees, zero transaction fees, and high-quality educational materials. It does have its downsides. It doesn’t accept clients from the US, Canada, or EU. ExpertOption is a great broker for you to trade.

Expert Option Overview

FeatureExpert Option
HeadquartersKingstown, Saint Vincent and Grenadines
Foundation Year2014
Minimum Deposit$0
Deposit Fee$0
Withdrawal Fee$0
Inactivity Fee$10/month
Demo AccountYes
Minimum Trade$1
Minimum Withdrawal$10
BonusUp to 100%
Deposit MethodsWire Transfer MasterCard/Visa/Maestro, PayPal and Yandex Money.
Islamic AccountNo
InstrumentsFixed Time Trades
PlatformsWeb, Windows, Android, iOS, MacOS
AssetsStocks, Commodities and Forex.
Number of assets100+
Leveragemax. 1:500
Margin tradingNo
STP AccountNo
DMA AccountNo
ECN AccountNo
Auto TradingNo
Trade SignalsNo
Copy tradingNo
Forex PairsYes
Types of accountsMicro, basic, silver, gold, platinum, exclusive
Time for Withdrawal2 to 5 Days
RegulationVFSC, FMRRC
Customer SupportChat, phone number and email
LanguagesEnglish, Hindi and Chinese (2 variations), Thai. Indonesian, Malaysian. Filipino. Korean. Spanish. Portuguese. Arabic.
Trade between the UK and USNot Accepted
Our Score4.5/5

Both the pros and cons

ExpertOption offers many benefits, but it could be a deal-breaker for some.

ProsCons
Material of high qualityNo MetaTrader platforms
Low minimum depositIt doesn’t accept many countries, such as the USA, Canada and EU.
Free demo account
You don’t need to give any personal information when creating a demo account
Excellent customer service available 247
There are no transaction commissions and fees
Designed platform that is easy to use and highly functional
There are many cryptocurrencies to choose from

Comparable Brokers

Below is a quick comparison of ExpertOption to its competitors, in order to give you an idea about the broker.

BrokerExpert OptionOlymp TradeBinanceIQ Option
Year2014201420172013
Minimum Deposit$10$10$0$10
Inactivity feeYesYesNoYes, for 90 days
Minimum Trade$1$1$100.001 Lots
PlatformsWeb, Windows, Android, iOS, macOSWeb, Windows, iOS, AndroidWeb, Windows, iOS, AndroidWeb, Windows, macOS, Android, iOS
Languages151517+17
RegulationSVGFSAFinaComFCACySEC

Regulation

The Vanuatu Financial Service Commission (VFSC), license number 15014, regulates ExpertOption. Financial Market Relationship Regulation Center oversees and approves this broker’s operations (FMRRC). This Russian non-governmental organization offers volunteer monitoring.

Trade Platforms

ExpertOption’s platform makes it easy to use. It also offers educational material that allows clients to utilize powerful analytical tools to make better business decisions. It provides traders with a fast trade execution and an accurate feed.

ExpertOption’s platform is customizable and can be customized to meet the needs of every client. ExpertOption’s features can be integrated on any device, no matter if the user trades from a desktop or a mobile device.

ExpertOption’s interface is so simple that clients won’t need any additional information. Social trading is supported by ExpertOption, which allows clients to monitor top traders’ transactions and even copy their strategies in order to maximize profits.

PlatformExpert Option
MT4No
MT5No
cTraderYes
Web PlatformYes
Android Trading AppYes
iOS Trading AppYes
Microsoft Trading AppYes

Mobile App the ExpertOption Apps

The ExpertOption mobile app, just like its other platforms, gives clients access to a wide range of stocks and over 100 assets. It also allows for quick trade execution. It provides live, real-time quotes and is user-friendly.

ExpertOption is available via desktop and mobile apps. The ExpertOption mobile app is available for both iOS and Android. It can be downloaded from the Google Play Store and Apple Store. The desktop app works with Windows and Mac.

You can also access ExpertOption via the internet without downloading any software. To trade, you don’t need to download any software.

Types of accounts

ExpertOption makes it simple and easy to create an account. You can also sign up using your Google or social media accounts. You only need to create a password and provide an active email address. You will need to deposit different amounts depending on which account you want to open. However, ExpertOption requires a $50 minimum deposit to be considered a real account. Here is a list of six accounts that ExpertOption offers.

Type of accountMicro AccountBasic AccountSilver AccountGold AccountPlatinum AccountExclusive Account
Price$10$50$500$2500$5000Only Invitation
Daily Market Reviews and ResearchNoNoYesYesYesYes
Educational ResourcesYesYesYesYesYesYes
Increased Asset Profit0002%4%6%
Priority WithdrawalNoNoNoYesYesYes
Maximum Deal Amount$10$25$250$1000$2000$3000
Maximum number of deals open at the same time10101530UnlimitableUnlimitable

Demo Account

Types of ExpertOption Account

Expert Option offers six types accounts. Here is a brief overview of each.

Clients of ExpertOption can open a demo account to try out their skills and get a feel of the platform before they invest real money. Demo accounts are free and come with $10,000 in virtual funds. You don’t need to register to access the account.

The ExpertOption demo account can be very useful as it allows clients to access all the basic features and pricing on a live account. This allows users to test the platform and determine if they like it.

This is a great thing as it means that many potential clients will not be put off by the need to provide documentation or personal information to test out a demo account. It also means that the broker doesn’t have any contact information to push you into signing up for a real account once you have done it. This indicates a broker who is confident in its abilities.

Micro

ExpertOption’s micro account requires a minimum deposit just $10. The maximum trade size is $10, and you can only trade 10 times at a time. Access to educational materials will be granted, but you won’t have access to the daily market reviews and financial research.

Basic

Expert Option Basic Accounts have a $50 minimum investment and a $25 maximum trade limit. The Expert Option basic account allows only 10 simultaneous trades and gives you access to all the educational materials. You can upgrade to a higher level membership if you begin with a basic account.

Silver

An initial investment of $500 is required for the ExpertOption Silver account. You’ll have access to daily market reviews, financial research, and educational materials. You can trade up to 15 times per day and have a maximum limit of $250.

Gold

Minimum deposit for a gold account is $2,500 You get all the benefits of Silver and Basic, plus some extra perks. Priority withdrawal processing for Gold members Profits will increase by 2% for gold members. You can trade up to 30 times per day and the minimum deal amount is $1,000 for gold members.

Platinum

VIP traders will be best suited to the Platinum account type at Expert Option. A $5,000 deposit is required for your initial deposit. The Gold level includes everything, but there are no restrictions on how many trades you can do at once. You can trade up to $1,000 and make a profit of $2,000 per trade.

Exclusive

This account type is not open to everyone. Only those who have been invited can apply for it. Customers with Exclusive Account Type can enjoy a higher profitability ratio of upto 6%, a personal manager and maximum deal of $5000

There are many deposit methods available

Expert Option offers many deposit options. The complete list is here:

  • Wire Transfer
  • MasterCard/Visa
  • Maestro
  • PayPal
  • eo.finance
  • QIWI
  • WebMoney
  • Yandex Money
  • Skrill
  • Neteller
  • PM
  • UnionPay
  • fasapay
  • Epayments

Available Cryptocurrencies

ExpertOption has a wide range of cryptocurrencies, which are all listed below.

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Bitcoin Gold
  • Ripple
  • Dash
  • Ethereum Classic
  • IOTA
  • Monero
  • Litecoin
  • Tether
  • Zcash

Deposit and Withdrawal

ExpertOption allows for quick withdrawals and deposits. ExpertOption accepts more than 20 payment methods. Customers can pay using a MasterCard or Visa credit card or debit card. It can also be integrated with Skrill and Neteller, FasaPay or Perfect Money as well as other electronic payment systems. ExpertOption also has eo.finance which you can use for funding and payments.

Withdrawal

ExpertOption will require you to provide proof of identity before you can request money. This is a security measure that protects your account against being hacked. ExpertOption’s payment processing is free of any commissions or fees.

ExpertOption accepts all payment methods, including credit cards and e-Wallets. You must withdraw cash from the account using the same payment method you used to open your account until you have withdrawn your initial investment amount. You can choose a different payment option for any remaining funds if desired. This is a popular practice among brokers as it lowers the risk of money laundering.

Minimum withdrawal amount for brokers is $10 Most requests can be processed within two business days. ExpertOption may require additional documents depending on the type of withdrawal. ExpertOption can scan these documents. In this instance, ExpertOption will email you to request the documents.

Minimum Deposit

ExpertOption’s minimum deposit is $10 for a micro account and $5,000 for a Platinum account.

Deposits are possible with major credit and debit cards including MasterCard, Visa, Maestro, and Maestro. You also have other options, such as UnionPay, WebMoney and Neteller, Skrill or Perfect Money, QIWI/Fasapay, Yandex Money and Skrill.

Here’s a list with each deposit:

Type of accountMicroBasicSilverGoldPlatinum
Minimum Deposit$10$50$500$2,500$5,000

Research

ExpertOption offers eight indicators, four types of charts and trend lines. The Analytics page of ExpertOption allows you to access additional resources. There is a tab for important news, followed by tabs for Assets and Stocks. The Stocks page displays a map of the world with different time zones, which shows all supported stock exchanges.

Click on any stock to get a quick overview, including the headquarters, founding year, working hours and revenue.

Education

ExpertOption provides educational materials to help clients make conscious decisions. There are articles and videos on the Education page of ExpertOption. Glossary, education about trading psychology , technical analysis, fundamental analysis and trading strategies will be found. Online webinars, videos tutorials and daily market analysis are also available.

ExpertOption’s educational materials include a wide range of topics. The trading strategies that ExpertOption covers include Engulfing Candlestick and Tweezers as well as Squat Candlestick and Three Methods. You will find strategy explanation and examples in charts.

Technical analysis guides include Bollinger Bands and Bollinger Bands, Trend, support and resistance lines, as well as Alligator and Moving Averages. Every guide includes a detailed description, charts, and photographs, along with instructions for how to apply the analysis. Examples of graphic analysis topics include Trend Continuation Patterns and Trend Reversal Patterns. The teaching resources for fundamental analysis include a guide to the basic indexes.

This section is particularly interesting because it is not available by many brokers. Topics include Trader Psychology, Successful Traders and Individual Trading Psychology.

Fees

ExpertOption is completely free to register on and trade with. There are no fees associated with trading, except for the commission earned on successful trades. However, your payment system or payment aggregator might charge you a fee.

Commissions & Spreads

ExpertOption charges a $5 commission for any successful trade. The broker can receive up to 5% of all successful trades. This is less than the industry average (up to 15%%). Spreads can vary depending on which account type is selected by the user. They can go as low as 0.01 points. Spreads can change depending on market conditions at different times.

Bonuses

ExpertOption has recently begun offering 100% bonuses for all first-time depositors. This bonus system was created in response to high demand. It is intended to give traders an extra boost to start trading. Trader will receive a 100% bonus on deposits over $30. The bonus can be accessed within one hour of account creation.

ExpertOption bonuses are not tied to your ability to withdraw, unlike other brokers. You can withdraw any amount you wish, even if you accept the bonus. The bonuses are available to existing traders, although the percentage is different from the first-time depositors.

Leverage

ExpertOption’s leverage rate changes based on which trades an investor is considering. Leverage is set at 1:30 for most forex pair like EURUSD. This standard is established by official regulation and applies to all licensed brokers. Leverage on minor forex pairs like EURNOK and AUDCAD is 1:20. ExpertOption allows for 500:1 leverage on other trades.

Customer Support

ExpertOption made it clear that their customer service is their top priority. Agents and representatives are friendly, knowledgeable, accessible, and easy to work with. They strive to provide excellent customer service by acting as trustworthy brokers and going above and beyond to satisfy their clients’ needs. Customer service can be reached by phone, email, and live chat. You can reach customer service online 24 hours a days, 7 days a week. The broker employs over 100 account managers who are able to focus on different client needs. ExpertOption promises that it will provide quick service through its own platform.

If you wish to send an email, you will need to complete the query form on the website. Just fill out the form with your name, address, phone number and message. A professional agent will then contact you. ExpertOption can also be reached via phone number. Select the country that interests you and call ExpertOption. All outgoing calls will cost according to the tariffs for each city. They will vary depending on the phone operator.

ExpertOption customer support is available in many languages. These include English, Hindi and Chinese (2 variations), Thai. Indonesian, Malaysian. Filipino. Korean. Vietnamese. Spanish. Portuguese. Arabic. These languages are available in ExpertOption’s web site, but only Hindi and English are available in ExpertOption mobile.

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 a Scam?

ExpertOption is not a fraud broker. ExpertOption offers traders an excellent way to get started in online trading at low prices. They offer micro accounts with low deposits as well as premium accounts of higher tier. They offer excellent customer service and a variety of trading tools.

Expert Option is a licensed broker and regulated under the VFSC. This broker is not a fraud and it is FMRC approved. ExpertOption offers safe trading and many account options.

Expert Option provides security through Visa SecureCode and Mastercard status. The broker is also Cert Trusted Secure, and PCI DSS Complaint. All data is encrypted using the latest cryptographic algorithms. SSL encryption is used on the website. It encrypts all data that passes over it with AES256 encryption. This can be verified by checking the lock icon next the URL in your browser. Expert Option also uses an https:// address instead of an http://.

ExpertOption won the Best Trading Platform award at the China Trading Expo Shenzhen, May 2017.

Conclusion

ExpertOption offers a simple trading platform that allows traders to trade a wide range of financial assets. Traders have access to trading tools and educational materials. They also have the benefit of a friendly customer service team. You can choose from many trading accounts, with a minimum investment of $10. It does not accept clients from the US, Canada or EU. This broker is great for beginners and seasoned traders alike.

FAQ about ExpertOption

Is ExpertOption is safe?

Expert Option, a licensed and regulated broker is safe. It is an FMRC-authorized broker, and it is not a fraud. ExpertOption offers safe trading and many account options.

Is Expert Option legal in India?

Expert Option is a popular trading platform in india. is it legal ?  Yes is legal, Expert Option is an international online broker and business that accepts Indian clients. The government does not have any restrictions.

How do I contact ExpertOption the fastest way?

ExpertOption can be reached via phone, email or chat. You can call ExpertOption support to get your question answered as quickly as possible or email the online chat.

Does Expert Option Offer Leverage

Expert Option gives you leverage up to 1:1500

How is Profit Calculated at ExpertOption

Trades can yield a profit up to 95% of your investment amount. The market conditions determine the profit.

Expert Option charges a commission?

Expert Option charges no commissions and no fees for withdrawals or deposits. Bid-ask spreads are how Expert Option makes its money.

How can I close my ExpertOption Account?

Contact the Clients Support Department through email at help@expertoption.com if you wish to close your account