ExpertOption Review

30 Second Summary

ExpertOption is a popular online binary and forex broker, offering digital options and fast online trading.  The platform began providing services in 2014 and executes more than 30 million deals every month with more than 37 million client accounts opened. ExpertOption makes clients a priority, making customer service its primary value. There are more than 100 account managers, each of which focuses on meeting client needs. The company also aims to be reliable and simple, making it possible for anyone to start trading. Finally, it aims to deliver the fastest trading via innovative technologies.

This review covers the trading platform, mobile trading app, withdrawal and deposit process, and details of the demo account. We also review each account type and offer strategies on binary trading and digital options.

Pros / Cons
  • Diversified trading products
  • High profit margin
  • Support staff are available 24/7
  • Short-Term Options
  • Weak Regulation

Company Overview is a brand that has been around for quite a few years. The goal of ExpertOption is to deliver a completely transparent online trading experience. To achieve this, it provides its users with an intuitive trading platform and plenty of educational materials. Customer service is clearly a priority here, and the brand has over 100 account managers which focus on a range of different client needs. ExpertOptions also pledges to deliver the fastest possible trading in the industry via its own dedicated platform.

Who is the owner of ExpertOption?

The company is operated by EOLabs LLC, which is registered at 305, Griffith Corporate Centre, Beachmont, 1510, Kingstown, Saint Vincent, and the Grenadines.

ExpertOption Awards

ExpertOption has won some prestigious awards in the industry, including:

  • Premium Usability -Awarded by FinancesOnline in 2018
  • Rising Star – Awarded by FinancesOnline in 2018
  • Best Trading Platform – China Trading Expo Shenzhen in May 2017

Although the broker does not list any other awards in an obvious place on its website, it does also have mostly positive reviews from users and independent websites.

Safety and Regulation

The Expert Option website uses the latest encryption techniques to ensure complete privacy and security across all transactions. This means that customer data is kept secure. The ability for customers to fund their accounts using eWallet accounts means that they don’t have to reveal their personal banking information, which many see as a plus in the fight against unscrupulous services and malicious hackers who are intent on stealing banking data.

Registration with relevant government authorities in St. Vincent and the Grenadines means ExpertOption has been deemed reliable, transparent, fair, and trustworthy to provide financial services throughout the world. Client funds are kept in segregated accounts in top-tier banks, which guarantees protection in the event of the firm unexpectedly closing down.

With strict IT measures and regulations in place to ensure compliance in the finance industry, it’s safe to say that traders who use ExpertOption are sufficiently protected against loss of funds or data breaches.

Is ExpertOption Safe to Use?

Expert Option holds a certification concerning compliance with all applicable laws in place by FMRC. It is fully regulated by the Vanuatu Financial Services Commission – VFSC. The client’s funds are held with investment grade-A banks in segregated accounts. To protect the sensitive information of all stakeholders, the broker has HTTPS web protocols and SSL encryption in place.

To protect client security, ExpertOption is verified by MasterCard and Visa. This is done via Verified by Visa and Mastercard SecureCode status. ExpertOption also has icons for Cert Trusted Secure and PCI DSS Compliant.

It also encrypts all data using the strongest cryptographic algorithms. The website uses SSL encryption, so all information sent over it uses AES 256 encryption. You can confirm this by viewing the lock icon by the URL in your browser and via the fact that ExpertOption uses an HTTPS:// address instead of an HTTP:// one.

Is ExpertOption Regulated?

ExpertOption is currently licensed by the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA). This is a governmental authority that allows the company to provide trading and financial services, which means that the brand can be trusted to be fair and transparent. The platform can currently be accessed from most locations around the world, although it is not currently authorized to accept US traders. However, the platform is constantly considering expansion into new territories and can be accessed from most of Europe.

Expert Option is an FMRC authorized broker that holds a license from one of the world’s reputable, but not very strict as others, regulatory body VFSC. It is definitely not a scam broker. ExpertOption allows everyone to start online trading by offering low-deposit accounts as well as high-class premium accounts. This company provides excellent customer support and offers a complete range of trading tools that are deemed necessary for purposeful trading.

Accepted Countries

ExpertOption does NOT accept clients from United States, Canada, European Economic Area, Switzerland, New Zealand, Israel, Singapore, Puerto Rico, North Korea, Yemen, Sudan, Bangladesh, Vanuatu, and Australia.

ExpertOption does accept traders from India, Philippines, South Africa, Nigeria, Kenya, Indonesia, Malaysia, Pakistan, Ghana, Zimbabwe, Bulgaria, Sri Lanka, Vietnam, Egypt, United Aram Emirates, Turkey, Brazil, Russia, and more. Most regions from Asia, Africa, and South America are accepted.

For your convenience, the Expert Option website and platform are available in 15 different languages including English, Chinese, Hindi, Korean, Thai, Vietnamese, Spanish, Arabic, Turkish, Bahasa (Malaysian), Bahasa (Indonesian), Portuguese, Tagalog, and Polish.

Trading Platforms

Much like IQ Option and Nadex, ExpertOption provides users with a variety of intuitive trading platforms, with the option to trade via the web, mobile app, or dedicated desktop app.

While many brokers choose to make use of an existing platform (typically MetaTrader 4 or MetaTrader 5) to save time, ExpertOption instead created its own platform which is fully customizable and can be tailored to the needs of each client. This means that all features on offer from ExpertOption are easily integrated, whether the user is trading via a desktop or mobile device, although the downside is that there are no exterior support resources available.

However, with such an intuitive interface, it’s unlikely that users are going to need outside resources to understand how to trade with ExpertOption.

Mobile App

ExpertOption has dedicated mobile apps for Android and iOS devices. These can be downloaded from the Google Play Store or Apple App Store. Alternatively, users can download the Android .apk install file direct from the ExpertOption website. Each mobile app comes highly rated in their respective stores, and it’s easy to see why.

With quick withdrawals, access to a free demo account, and access to over 100 different trading instruments complete with professional trading conditions, ExpertOption goes above and beyond to provide mobile users with complete control. Perhaps the only drawback is that the small screen size of a mobile device can limit the use of the platform’s useful technical analysis features. Those who want to get a little more technical are advised to use the dedicated desktop app or web version of ExpertOption.

Assets and Products Offered

ExpertOption provides opportunities to trade in the following markets. It offers a wide range of assets to trade including stocks, forex, commodities, and cryptocurrency.

However, it is worth considering that the instruments on offer will vary dependent on the trader’s country of residence:

  • Currency Pairs – ExpertOption has all the major ones including EUR/USD, AUD/CAD, EUR/GBP, USD/CHF, and USD/JPY. This broker even offers cryptocurrency pairs such as BTC/LTC.
  • Stocks – ExpertOption has plenty of stocks to trade including Apple, Google, Alibaba, Facebook, Tesla, Microsoft, Netflix, and many more.
  • Cryptocurrency – This broker allows you to trade most major crypto assets such as Bitcoin, Litecoin, Ethereum, Dash, Monero, Zcash, Ripple, and Tether.
  • Commodities – Currently, the only commodities that you can trade with ExpertOption is Gold and Silver.

Additional Products and Features

ExpertOption features an incredibly informative education section on its website, which can prove invaluable for traders of all experience levels. Traders can learn about different strategies involved with trading indices, currencies, binary options, and more.

Users can access several tutorials and articles which are geared towards helping them make smarter trading decisions. In addition to these tutorials, traders can also browse a comprehensive glossary of all relevant trading terms and their definitions.

Perhaps one of the most innovative aspects of the ExpertOption platform is the social trading option, where users can study the actions of VIP traders and get inspired to try out new strategies based on the trading decisions of the professionals.

ExpertOption Social Trading

ExpertOption has two social trading features that clients can tap into. The first is a live stream of trades that appears on the charts based on the asset. Clients can also view top-ranked traders on a leader board and reach out to them on four social media platforms or trade along with their friends.

Trading Costs And Fees

ExpertOption charges a commission of £5 on any winning trades. When it comes to payouts, the brand can take up to 5% on winning trades, which is below the industry standard which can often be as high as 15%. Spreads can vary dependent on the type of account the user opts for and can be as low as 0.1 points. While spreads generally start higher on standard accounts, ExpertOption remains a competitive broker to trade with. It is worth noting that spreads can increase or decrease during specific periods, dependent on market conditions.

Non-Trading Fees

ExpertOption is completely free to join and completely free to trade with. There are no fees associated with trading, except for the aforementioned commission on winning trades.


Leverage rates with ExpertOption can vary depending on the trades the user is considering. For most forex pairs, such as EURUSD, leverage is set at 1:30. This level is imposed by officially sanctioned regulation and is the same across all regulated brokers. Minor forex pairs like EURNOK, NZDUSD, AUDCAD, USDSGD, and EURPLN have leverage set at 1:20. Max leverage on other trades on the ExpertOptions platform is 1:500.

Deposit and Withdrawal

ExpertOption provides users with several different deposit/withdrawal methods, each of which helps make the brand inclusive for all traders around the world.

Deposits can be made via the following methods:

• Credit/debit card (MasterCard, Visa, and Union Pay)
• Skrill
• Neteller
• Fasapay
• Perfect Money
• Bank Transfer

Most payment methods are processed instantly, although some bank transfers can take several hours. All deposits are commission-free.


In addition to the methods used for depositing, withdrawals can also be made directly to a Bitcoin wallet. Withdrawals are processed on the same day and must be made in the same method of your deposit (up to the amount of the deposit). This is standard practice in the industry to help prevent money laundering.

What is the minimum deposit requirement to open a trading account with Expert Option?

The minimum deposit at Expert Option is $10.

How long does it take to withdraw money from Expert Option?

Expert Option aims to execute every withdrawal request within 24 hours. However, in extreme cases, the withdrawal process can last up to 3-5 days.

Promotions and Contests

ExpertOption offers bonuses of up to 100% for new users, dependent on how much they initially deposit and the sort of account they choose. However, users are advised to read the terms and conditions regarding bonuses, as many ExpertOption promotions tend to have strict requirements for receipt. Some bonuses require a turnover of x50 the original stake prior to activation, and this can lock up the funds deposited until the user reaches the agreed-upon turnover volume. However, it is possible for users to cancel bonuses if they have not yet used them and are unhappy with the terms.

Trading Accounts Offered

ExpertOption offers the following account types to its clients:

  • Mini Account
    • Bonus 50%
    • Maximum deal of £50
    • Maximum of 10 deals at a time
    • Access to educational materials
  • Silver Account
    • Bonus 80%
    • Maximum deal of £100
    • Educational materials
    • Personal account manager
    • Maximum of 15 deals open at a time
  • Gold Account
    • Bonus 100%
    • Maximum deal amount of £300
    • Educational materials
    • Personal account management
    • Consultation with leading trading experts
    • Priority (rapid) withdrawals
    • Increased profit on assets
    • Unlimited simultaneous deals
  • VIP Account
    • Bonus 125%
    • Maximum deal amount of £1000
    • Access to educational materials
    • Personal account manager
    • Priority withdrawals
    • Consultation with leading trading experts
    • Increased profit on assets
    • Individual analysis of your trading history
    • Unlimited simultaneous deals

This range of accounts covers the requirements of most customers. All accounts are flexible and offer many benefits, and each account can be tailored to suit the individual requirements of the trader.

Demo Account

ExpertOption provides a demo account for its clients to hone their skills and explore the platform prior to investing any real money. Demo accounts come with a balance of $10,000 in virtual funds, and no registration is necessary to access the demo account.

This is useful because many new users feel put off having to provide documentation and personal data simply to try out a demo account, and it means that the brand doesn’t have any personal contact data to pressure you into registering for a real account after experiencing the demo. This is a sign of a company that is confident in what it has to offer. Overall, the ExpertOption demo account is incredibly useful, as it provides users with access to all the standard features are pricing as listed on a live account. This gives new users a chance to experiment and to find out whether their trading style works well with the ExpertOption platform.


• Low minimum deposit (just £10)
• Large maximum returns (up to 95% of winning trades)
• Intuitive platform which is easy to use for beginners
• Access via desktop and mobile apps
• Lots of educational materials to suit traders of all experience levels
• No commission on deposits and withdrawals
• Large bonuses (for Non-EU clients)
• Personal account managers
• Good analytical tools to help facilitate smarter trading
• Several different funding options
• Trade on many instruments
• Good customer service


• US trading currently not accepted
• Short-term options
• Not regulated in Europe
• No MT4/MT5 support

Trading Hours

The ExpertOption platform is open 24 hours a day, 7 days a week, 365 days a year, and can essentially be accessed for trading at any time, either by mobile or desktop device.

However, it’s worth noting that not all markets are open 24/7! This means that while ExpertOption can be accessed whenever you choose to log in, trading is limited to the hours when the markets you wish to trade on are open. To provide an example, the London forex market is open between 3 am and midday GMT. In contrast, the New York forex market is open between 9 am and 5 pm GMT. Sydney operates between 5 pm and 2 am GMT, while the Toyko market opens between 7 pm and 4 am GMT.

While there are always opportunities to trade, you may be restricted in terms of time if you only seek to trade in certain markets.

Customer Support

ExpertOption customer support can be accessed in English or Hindi. Customer service is available 24/7, and response times are generally rapid. Customers can choose to contact customer service via email, telephone, or via a customer care form built into the dedicated ExpertOption mobile app.

English Contact Details

Phone: +44 20 3868 3160

Hindi Contact Details

Phone: 000 800 442 0002

Registered Company Address:
305 Griffith Corporate Centre, Beachmont, 1510, Kingstown, St. Vincent, and the Grenadines

Overall Verdict

As an established broker complete with its own unique trading platform, ExpertOption offers several significant advantages over many of its competitors.

While some may complain about a lack of regulation in Europe and a lack of trading facilities for those residing in the US, the brand is still competitive in terms of fees and commissions, and that’s more than reason enough for some traders to choose it. The site offers great educational facilities in addition to fantastic customer service. It’s clear to see that ExpertOption is a responsible broker that likes to help its user base to succeed, regardless of whether they’re a standard or VIP account holder. Fees are among the lowest in the industry, and bonuses can help users to maximize winning trades even further.


All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.

The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.

What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.

Risk Disclaimer

There is a very high degree of risk involved in trading securities.

With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.

There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.

Looking for more information on brokers and trading? Have a look at our trading guides:

Review Sources

  1. Expert Option Website –

100% Bonus Welcome Deposit Bonus

Trade 100+ assets. $10 000 free demo. Watch and copy traders deals. Up to 96% profit in 30 seconds. Fast withdrawal. Regulated by VFSC and FMRRC

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