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Expert Option Review – Is it SCAM or LEGIT trading company?

Compared to other binary options brokers out in the market, ExpertOption is relatively new but is starting to gain traction among established traders. As a trading platform, the website is under the supervision of the Russian FMMRC, with the license number TSRF RU 0395 AA Vv0084.

We reviewed this trading platform, and based on the initial data and experience that we have collected, we can say that we are satisfied with the results. Our initial thoughts is that this trading platform can work for beginners, or those who want to start small in trading. However, IQ Option and OlympTrade are also good alternatives. If you are interested to learn more about ExpertOption, we suggest that you read our review below.

ExpertOption Trading Software (Platform)

The user interface is easy to understand, and provides guidance to traders on how to perform the trades. The platform also provides choices when it comes to assets like indices, currency pairs and commodities like crude oil and gold. The only concern here is that traders are only offered short term expiry times. There is also an app that can be downloaded on iOS, and an app for Android devices are expected to follow.

As a broker, ExpertOption is known to deliver a number of promising features. But one should keep in mind that the type of services that can be enjoyed will depend on the type of account opened with the website. There are four different types of accounts that customers can consider. Each account has its own set of features and benefits, and we recommend that the interested trader should check each option and the features that come with it.

One of the things that you will notice with the platform is the comprehensive explanation of the bonus terms, and this can be read in the website’s Terms section. These bonuses are subject to x50 turnover before the said amount can be withdrawn. Also, the operator gives its members the opportunity to reverse the bonus, but this can be done before placing any trade after collecting the bonus. With ExpertOption, anyone can start small with its $1 minimum trade. This minimal entry fee can help new traders test the market before pushing ahead with large deposits and trades.

Popular Features to Expect with ExpertOption

The platform used on the website is developed primarily by ExpertOption, which is in contrast with the other trading platforms that make use of the software designed by others. The proprietary software is easy to understand, and can work for both the new traders and experienced ones. The software is loaded with features that can allow traders to complete technical tasks, which can then boost profits and streamline online transactions. Here are other top features and tools that you can enjoy as a member of ExpertOption.

  1. Presence of a Demo Account. There’s a demo account available, and this does not require a download. As soon as you register an account, you will be provided access to this demo account with $1,000 in virtual money. When we tested the demo account, we found out that the account features larger-than-usual profit figures, which is a bad thing since it is conditioning the minds of the traders that they can profit big-time with this platform. We see this as a marketing ploy yo motivate traders to trade real money.
  2. Access to training and educational materials. Just like other trading platforms, ExpertOption also gives its members access to helpful resources that can be used for training. These resources and tools are posted on the site’s Education section. The materials that are contained here can help the beginners get a better understanding of the market and trades. You can also find a Glossary, where the important terms and technical words are explained.
  3. Mobile trading also available. There is a mobile trading platform too which can help traders complete the trades in seconds. The app is available on the Google Play Store or the Apple Store. The app can be downloaded to your iOS or Android phones.

Our Concerns Regarding ExpertOption

As a new player in the market, ExpertOption faces some tough challenges. For example, many traders see the platform as untested with no solid experience to speak of. When we tested and reviewed the platform, we are also concerned by its inexperience in handling trades. To help the management improve their services, we have listed some of the things that can be improved on the website.

  • Banking/deposit services. This platform has a transparency issue when it comes to deposits and withdrawals. For example, there are no clear figures that explain how the deposits and withdrawals are facilitated. This can become a problem for many experienced traders, especially those who need to transact on a regular basis. Its failure to become transparent when it comes to banking led to a number of complaints against the management. Also, the design and layout of the website is not user-friendly, and fails to connect with traders.
  • Withdrawal policy. As we already mentioned, the withdrawal policy is unclear, and can be misleading for many beginners. Customers are not properly guided and informed on how the withdrawal can be facilitated. This can be a source of trust problems, and we suggest that the management should lay down all the details related to this concern.

Common Questions Asked About ExpertOption (FAQ)

  1. What are the common withdrawal and deposit methods available on the site?

This platform maintains a number of popular payment options which can help when depositing and withdrawing funds. The most popular platforms that can be used by members are Neteller, Visa, Maestro and MasterCard. Other payment facilities that can be tried are Yandex Money, WebMoney, PerfectMoney, Skrill, Neteller and UnionPay.

  1. Is there a demo account?

Yes, ExpertOption carries a demo account, and it comes with $10,000 in virtual money. This virtual money can be used to test and run the platform using a number of strategies.

  1. What is the minimum trade and deposit amount?

With just $50, a trader can start funding his account with ExpertOption. Traders will need at least $1 to start trading online.

  1. What is the minimum amount that can be withdrawn?

Withdrawals also start at $10.

  1. Are there bonuses and perks available for members of this platform?

ExpertOption has a bonus program for new customers who will create an account with the site. New sign-ups can enjoy up to 100% match up of the initial deposits made, and the succeeding bonuses are subject to 25% to 125% match bonus. Aside from the financial perks, new customers of the platform can also enjoy the services of a personal material, faster withdrawals and trading analysis.

  1. What are the other account types available?

There are four types of accounts that can be considered with ExpertOption. Traders can select the Mini Account, and this should work with a minimum $50 deposit made. Another account is the Silver Account, with a $250 deposit requirement, and there is the Gold Account which comes with $1,000.  There’s also a VIP account which can work for experienced traders, and this requires a minimum deposit worth $2,500.

  1. What is the expected ROI for every trade?

Traders of this platform can expect a 95% payout rate on all winning trades. If the investment is at $100, then a winning trade is worth $100 + $95, and the remaining amount ($5) serves as the commission of the broker.

Banking and Corporate Info

ExpertOption supports a number of popular banking options. Customers and traders can found their accounts through bank wire transfers, WebMoney, Qiwi, Neteller MasterCard, Skrill, UnionPay, Yandex and Visa. Customers can withdraw funds using the platform used for deposits. The minimum amount that can be withdrawn is $10, and withdrawals are often processed within 2 days.

All the services and features considered, ExpertOption serves as a professional platform worth checking out.

ExpertOption Pros

  • Low deposit limit
  • High maximum returns
  • Platform is easy to use

ExpertOption Cons

  • No US customers allowed
  • A bit higher minimal deposit

ExpertOption Details

✅ BrokerExpertOption
✅ Website URLwww.expertoption.com
✅ Trading PlatformCustom made platform
✅ Minimum 1st Deposit$ 50
✅ Minimum Trade Amount$ 1
✅ Maximum Trade Amount$ 5000
✅ BonusSocial trading features
✅ PayoutUp to 95 %*
✅ Free Demo Account Yes
✅ Regulated Yes
✅ Deposit MethodsCredit Cards, Debit Cards, Skrill, Neteller, Wire Transfer, ePayments
✅ Withdrawal MethodsCredit Cards, Debit Cards, Skrill, Neteller, Wire Transfer, ePayments
✅ US Traders Allowed No
✅ Mobile Trading Yes
✅ Tablet Trading Yes
✅ Overall Score 96/100
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53 Responses to “Expert Option Review – Is it SCAM or LEGIT trading company?”

  1. Those who said they made money using expert option. Are they taking about real account or dummy. Because I made 2.2 million dollars into my account in just 2 days of trading dummy account with 10,000 virtual money. Not bad huh, but I’m not very sure this will happen in real. Cos there’s something I noticed. The real trading flatform looks rigged to make sure you’ll loose your money. The asset movement goes against the trendline at the last minute and end up against your trade …. and always. This never happens in practice flatform. The result is, I always made millions in dummy account but only win 10% trades on real. 4 times I funded my account. All of them drain down to zero. Can expert option explain this. This is plain cheating that’s all. Remove the cheating in real software boniare you’ll be ok.

  2. Yes i heard a lot guys, for everything scary and wonderful things hear.but what about us newer and does not have a clue but we are willingly to get in this.how can you help us guys?

  3. Hi I’m Rina ive been scam by a trader name scott miller claim to be trading with 24optios i have lost 3000 USD worth of bitcoin on him when times come for withdrawal the platform asking for fees and charges after payment have been made the broker disappear and no more email reply from 24options regarding withdrawal finally i realized ive been scam big time.

    1. Hi Nath, the min. trading amount is 1 USD and the max. trade amount limit depends on the status of your account: BASIC $25; SILVER $250; GOLD $1000; Platinum $2000 and EXCLUSIVE $5000.

  4. I tried binary options, i guess i wasn’t lucky, i fell right into the hand of scammers. They took about $180,000 from me. I had nothing left but debt and crisis. I tried all the investigators i knew but to no avail till i met my savior, you can count on them to make this happen for you, you can still believe in miracles, because they exist.

    1. Hello, we are sorry about your loss, but next time when you decide to invest that huge sum of money, you should be more aware.

      With which broker/system you were trading with?

      Let us know, thank you.

  5. An excellent broker. Now it is rather difficult to find a similar broker. Here everything is pretty well arranged, and it brings a good profit.

  6. Pretty good broker, I liked it. Good conditions, it’s really quite profitable to work. Percent hold at altitude.

    1. We are happy that you like expertoption broker 😉 Have you ever tried to trading with iqoption that’s also a really good broker. I think the best in the business right now.

  7. Beginners here will be really comfortable to work with – the design is made very conveniently Really good broker.

  8. I was satisfied with the broker. Honestly, I did not expect such a profit level. The result was pleasantly surprised.

  9. The company really pleased with the results of the work. I was able to earn quite good money, and with the withdrawal there were no problems.

      1. How are you dear?
        I am Nomi from Pakistan . can you tell me that trading on expert option is useful for us and this process of withdrawal is quickly or good
        I am waiting for your reply

  10. Pretty good broker. The results of the work are quite satisfactory, and the profit is still quite good, as for me.

  11. The company is clearly excellent. While feedback on working with this broker is really positive. In my opinion, with him now you can earn really good money.

  12. The broker is of course on the level. This in principle, I did not expect, because I thought that everything would be very weak here, but to be mistaken

    1. We are happy that you are satisfied with the expertoption broker. Since we added this broker yo our website we heard a lot of positive feedbacks, which is really good. I’m also trading with this broker and I never had any problem.

  13. Regarding work with this company, I have really positive feedback. I tried to work with different companies, but so far this is the best from them.

  14. Although I have been working with this broker quite recently, I still appreciated the advantages of this broker. He really brings an excellent income.

  15. I really liked the broker. I have no reason to distrust him – everything works perfectly. While the results I really was pleased.

  16. I am quite satisfied with the broker. So far no problems in terms of work, no – the broker is quite happy with me. Money was withdrawn without problems.

  17. I liked the broker. In my opinion, this is quite a good broker, built on a fairly convenient platform, with a lot of functionality. I was really pleasantly surprised.

  18. I have really positive reviews about this broker. I have been working with him for a long time, and I am quite pleased with the results so far. In the process, no problems — everything actually works fine, and brings good money!!!

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The financial products offered by mentioned companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
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