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ExpertOption Review

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ExpertOption is a reputable online broker great for people who are looking to trade options on intuitive and easy to use trading platform. It is a reputable company regulated by the VFSC with a long standing tradition in the industry. We recommend ExpertOption to traders at all levels.

BrokerExpertOption
RegulationVFSC & FMRRC
Minimum Trade$1
Minimum Deposit$10
Bonus100%
PayoutsUp to 95%
Tradable AssetsOver 250+ assets to trade including ETFs, Crypto, Stocks, CFDs, and Forex
Trading PlatformIntuitive trading platform with apps available for Windows, Mac, iOS, and Android
Risk ManagementYES
Demo AccountYES

Review Summary:

Expert Option is a great broker for those who want a fast online trading platform. Their trading features are available for beginner and advanced traders. ExpertOption offers a demo account and a 100% bonus.

Expert Option is a regulated online broker and is not a scam. They offer over 120 tradable assets from Stocks, Crypto, Commodities to Forex. Their social trading feature is among the most advanced in the industry. It allows beginner traders to copy-paste trading strategies from professional traders. Traders from all over the world can use their online trading platform, except users from US and UK. Traders like their trading app, low minimum deposit, and 100% bonus option.

Founded in 2014, ExpertOption is regulated by the Vanuatu Financial Services Commission (Lic. 15014). Their base is in Port Villa, Vanuatu from the beginning on. 

Here are the top findings on ExpertOption in overview:

  1. Expert Option is a VFSC & FMRRC regulated online broker. It is safe and not a scam broker.
  2. Their trading platform is easy to use. It is a great fit for beginner and advanced traders.
  3. The social trading feature on ExpertOption makes it s great choice for beginners.
  4. Traders can choose up to 120 different tradable assets.

The purpose of this review is to answer these questions as completely as possible.

ExpertOption Trading Platform

The trading platform is easy to use, proprietary, and exclusive. Only registered clients can use this platform. Execution rates are high-speed and accurate. The platform is available 24 hours a day. The trading platform is available as desktop and mobile version. It is available on Web, IOS, Android, Windows and MacOS.

ExpertOption Account Types

Expert Option offers five different trading account types:

account-types

Basic 

The basic account offers a low entry level for beginner traders. The deposit minimum for the basic account is only $50. This already gives traders access to educational materials and order placing rights.

Silver

The Silver account type is a more advanced version of the Basic account type. In general, the features are the same. The difference are higher depositing limits and trade volume available. The Silver account holder can trade up to $250 (Basic can only trade $25) and execute up to 25 simultaneous trades. The basic account holder is limited to 10. Silver account holders have access to a personal account manager.

Gold

The Gold account type is for experienced traders who intend to trade in larger volumes. The minimum deposit amount for a Gold account holder is $2500. It provides traders with extra features that the Basic and Silver accounts do not have. Customers that have a Gold account receive curated market reviews and insights. Those markets have at least 2% profitability. Gold account members can place up to 30 simultaneous trades. Their withdrawal requests are processed at a higher priority.

Platinum

Customers get the chance to open the Platinum account if they deposit at least $5000. The features of the Gold and Platinum account are identical. Platinum account holders have no limitations on the number of simultaneous trades. Their total estimated profitability is increased to 4%.

Exclusive

The Exclusive account type is by invitation only. Exclusive account holders have an increased profitability rate of up to 6%. They can make trades of over $5000 at a time. The most notable benefits is the priority customer support for Exclusive account holders.

Expert Option Demo Account

The ExpertOption demo account offers all features available on the normal account. It gives beginners a great chance to test out their skills and trading strategies. Research has shown that people are loosing less when staring on a demo account.
Advanced traders can use the demo account to test the application of new indicators. The demo account provides users with a virtual balance of $10,000.

Promotions and Offers

As of February 2020, ExpertOption does not offer any promotion or bonuses in any form. However, they do have an affiliate program that can be applied to. ExpertOption offers between 50% and 60% of its revenue to the affiliate partners in proportion to the number of clients the affiliate partner has directly brought in to the brokerage. An important note, however, is that affiliate agreements can be very complex. Be sure to carefully study the affiliate agreement before becoming involved in any affiliate activities.

Education

ExpertOption offers a wide variety of educational materials. They consist of video tutorials, webinars and an extensive glossary. These educational materials are intend to help traders understand the psychology of trading. They also give users access to news updates and daily market analysis.

Expert Option Deposits and Withdrawals

ExpertOption offers a wide variety of methods for clients to start their deposits. Some of those options include credit or debit cards on the Visa or MasterCard systems. Users can deposit their money using Skrill, Neteller, Perfect Money, FasaPay, Maestro and UnionPay. They can also use e-wallets containing cryptocurrencies such as Ripple, Litecoin, and Bitcoin.

expert-option-deposits-withdrawals

Regulation And Security

Expert Option is regulated by the Vanuatu Financial Services Commission (Lic. 15014). The FMRC ensures that ExpertOption is in compliance with all applicable laws in place. Their base is in Port Villa, Vanuatu from the beginning.
Client funds are held in segregated accounts by investment-grade banks. High-level encryption is in place at all times and at every level of trading.

Customer Support

Expert Option offers customer service support 24 hours a day.

Their customer support can be reached through telephone, live chat support, or email.

Emails can be sent to [email protected], and calls can be made to +44 20 3868 3160.

Beyond that, the main ExpertOption website is available in 12 different languages.

Expertoption-sign-up-button

Final Verdict?

ExpertOption is a legit online broker, regulated by VFSC, known for its feature rich trading platform, low depositing trading accounts, a variety of tradable assets and great support. We recommend it to traders looking for a regulated options broker with a clean history and a solid trading platform. It is great for traders ar all levels.

Expert Option is well known for its sophisticated and intuitive trading platform. The platform stands out due to the advanced educational and analytical tools. The fast and secure withdrawal process makes ExpertOption a great choice for traders.

Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

2 COMMENTS

  1. In my opinion, the best broker right now is the Expert Option broker.
    At least so far, the reviews are really positive.

  2. I prefer the Expert Option broker to work.
    At work, he seemed to me the most reliable. In addition, with the conclusion so far no questions have arisen.

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