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The WikiFX Score of this broker is reduced because of too many complaints!

ExpertOption

Saint Vincent and the Grenadines|5-10 years|
Suspicious Regulatory License|Global Business|High potential risk|

https://expertoption.com/

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Influence

AA

Influence index NO.1

Ukraine 8.33

Surpassed 12.44% brokers

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Contact

+44 20 3868 3160
help@expertoption.com
https://expertoption.com/
First Floor, First St. Vincent Bank Ltd., James Street, PO Box 1574, Kingstown, St. Vincent and the Grenadines.
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Danger

MY SCM
2023-01-01
INVESTOR ALERT LIST
ExpertOption

Contact number

Traditional Chinese(HK)

+44 20 3868 3160

Broker Information

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Company Name

EOLabs LLC

Company Abbreviation

ExpertOption

Platform registered country and region

Saint Vincent and the Grenadines

Company website
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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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    ExpertOption · Company Summary

    ExpertOption Basic Information
    Registered Country/Area Saint Vincent and the Grenadines
    Company Name EOLabs LLC
    Founded in 2014
    Regulation No
    Tradable Instruments Forex, Cryptocurrencies, Stocks, Commodities
    Account Types Micro, Basic, Silver, Gold, Platinum, Exclusive
    Minimum Deposit $10
    Maximum Leverage 1:1000
    Trading Platforms Web Platform, Mobile App
    Spread Fixed and Variable
    Commission No
    Deposit Methods Credit/Debit Card, Skrill, Neteller, Bitcoin, and more
    Withdrawal Methods Credit/Debit Card, Skrill, Neteller, Binance Pay
    Inactivity Fee $50 after 90 days of inactivity
    Customer Support 24/7 Live Chat, Email Support
    Educational Resources Video Tutorials, Trading Strategies, Economic Calendar, Glossary

    Overview of ExpertOption

    ExpertOption is a binary options broker that was founded in 2014 and is registered in Saint Vincent and the Grenadines. The broker offers a variety of financial instruments for trading, including currencies, commodities, stocks, and indices. ExpertOption has a user-friendly trading platform that is available on desktop and mobile devices, and it also offers demo accounts for traders to practice and test their trading strategies.

    ExpertOption provides a social trading platform, which allows traders to follow and copy the trades of other successful traders on the platform. ExpertOption also provides a range of trading tools and resources, including market analysis, economic calendars, and trading signals.

    ExpertOption's customer support team is available 24/5 through live chat, email, and phone. The broker also offers a FAQ section on its website to provide answers to common questions.

    basic-info

    Is ExpertOption legit or a scam?

    ExpertOption is not regulated by any major financial regulatory authority. The company is based in Saint Vincent and the Grenadines, which is a popular destination for offshore forex and binary options brokers due to its lax regulatory requirements. As such, traders should be aware of the potential risks of trading with an unregulated broker. It is important to note that the lack of regulation does not necessarily mean that the broker is a scam, but it does mean that traders should exercise caution and thoroughly research the broker before opening an account.

    Pros and Cons

    ExpertOption's Pros and Cons table shows that the broker has some advantages, such as a low minimum deposit requirement and the availability of a demo account. It also offers a variety of trading instruments and a mobile app for traders who prefer to trade on-the-go. However, the broker lacks regulation, and there have been some complaints regarding the withdrawal process and customer support. Traders should carefully consider the risks and benefits before deciding to trade with ExpertOption.

    Pros Cons
    Offers a range of account types for traders of all levels Not regulated by a reputable financial authority
    Multiple deposit and withdrawal methods available Limited educational resources
    Provides mobile trading app for convenient trading High minimum deposit requirement for certain account types
    Low minimum trade size of $1 Limited number of tradable assets compared to other brokers
    Offers a free demo account for practice trading Limited customer support options
    Competitive spreads and commissions Reports of delayed or denied withdrawal requests

    Market Intruments

    ExpertOption offers a variety of tradable assets in different markets, including forex, commodities, cryptocurrencies, stocks, and indices. Traders can choose from over 100 assets to trade, including popular currency pairs like EUR/USD, commodities like gold and silver, cryptocurrencies like Bitcoin and Ethereum, and stocks from major companies like Apple, Amazon, and Coca-Cola. Additionally, ExpertOption offers a unique feature of trading options on a range of assets, providing traders with more flexibility and opportunities to profit from market movements.

    Account Types

    ExpertOption offers five different account types: Basic, Silver, Gold, Platinum, and Exclusive. The Basic account is the most basic account type, while the Exclusive account is the most advanced. Each account type offers different benefits and features. The minimum deposit required for the Basic account is $50, while the minimum deposit required for the Silver, Gold, Platinum, and Exclusive accounts is $500, $2,500, $5,000, and $10,000, respectively.

    The Basic account offers basic features such as a demo account, 24/7 customer support, and access to educational materials. The Silver account offers all the features of the Basic account, as well as access to a personal account manager, trading signals, and higher profit payouts. The Gold account offers all the features of the Silver account, as well as access to a personal analyst, priority withdrawals, and a 2% increase in profit payouts.

    The Platinum account offers all the features of the Gold account, as well as access to exclusive strategies, customized investment plans, and a 4% increase in profit payouts. The Exclusive account is the most advanced account type and offers all the features of the Platinum account, as well as access to a VIP consultant, exclusive events, and a 6% increase in profit payouts.

    account-types
    Account Types Pros Cons
    Micro Low initial deposit requirement Limited access to trading instruments and features
    Basic Access to more trading instruments and features Higher minimum deposit requirement
    Silver Lower spread and commission fees Even higher minimum deposit requirement
    Gold Access to exclusive VIP services Very high minimum deposit requirement
    Platinum Personalized account manager and trading analysis Extremely high minimum deposit requirement
    Exclusive Customized trading conditions and personalized support Extremely high minimum deposit requirement

    How to open an account?

    To open an account with ExpertOption, follow these simple steps:

    1. Visit the ExpertOption website and click on the “Real Account” button located at the top right-hand corner of the homepage.

    open-account
    1. You will be directed to a registration page where you will need to provide your email address and password. Alternatively, you can sign up using your Facebook or Google account.

    open-account
    1. Next, select your preferred account currency and input your personal details, including your name, phone number, and country of residence. Read and accept the terms and conditions, as well as the privacy policy, then click on the “Register” button.

    2. Verify your email address by clicking on the confirmation link sent to your email.

    3. Log in to your account using your email and password. Fund your account using one of the available deposit methods. Start trading binary options on the ExpertOption platform.

    Leverage

    As a binary options broker, ExpertOption does not offer leverage. The payout and potential profit or loss are predetermined when placing a trade, and the trader only needs to invest the required amount to open the position. This is one of the key differences between binary options trading and other forms of trading such as forex or CFDs, which often offer leverage to traders.

    Spreads & Commissions (Trading Fees)

    As a binary options broker, ExpertOption does not charge spreads or commissions on trades. Instead, the broker makes money through the payout structure of the binary options contracts. ExpertOption does not have a fixed payout rate for all trades. The payout rate depends on the asset being traded, the type of trade, and the market conditions at the time the trade is executed. Generally, the payout rate ranges from 60% to 95%. The broker provides this information on their platform before executing a trade, allowing traders to know the potential profit or loss before entering a trade.

    It's worth noting that binary options trading carries a high level of risk and is not suitable for all investors. Traders should carefully consider their trading objectives and risk tolerance before opening an account with ExpertOption or any other binary options broker.

    Non-Trading Fees

    ExpertOption charges a dormant account fee of $10 per month for accounts that have been inactive for 180 days or more. This fee is deducted from the account balance and continues until the account balance reaches zero. It is important to note that the broker will send a notification to the account holder prior to charging this fee, and the fee can be avoided by simply logging into the account and making a trade or deposit.

    Trading Platform

    ExpertOption offers a proprietary trading platform for binary options trading, which is available in both web-based and mobile versions. The platform is user-friendly and intuitive, with a simple and sleek design that makes it easy for traders to navigate and execute trades. It also offers a range of trading tools and features, including a wide selection of trading assets, trading indicators, and analytical tools. Additionally, the platform supports multiple languages and is available for download on both Android and iOS devices.

    trading-platform

    Social Trading

    ExpertOption offers a social trading feature called the “Traders' Sentiment” tool. This tool allows traders to see the percentage of traders who are buying or selling a particular asset. This information can be helpful for traders in making trading decisions.

    ExpertOption also has a feature called the “Strategy Advisor.” This feature provides traders with trading signals that are generated by algorithms based on market trends and indicators. Traders can use these signals to inform their trading decisions.

    In addition, ExpertOption offers a “Copy Trading” feature, which allows traders to copy the trades of other successful traders. This feature is particularly useful for novice traders who may not have the experience or knowledge to make informed trading decisions on their own.

    social-trading
    social-trading

    Deposit & Withdrawal

    When it comes to deposits and withdrawals, the broker offers several options. For deposits, clients can use Visa, Mastercard, Maestro, Skrill, Neteller, and a range of other payment methods. The minimum deposit amount varies depending on the payment method used, with some options requiring as little as $10.Withdrawals can also be made using the same payment methods. The minimum withdrawal amount is $10, and the processing time can take up to 2 business days. It is important to note that some payment methods may have additional fees or processing times, so clients should check with their payment provider for more information.

    deposit-withdrawal

    Customer Support

    ExpertOption offers a range of deposit and withdrawal options to its clients. Deposits can be made using credit/debit cards (VISA, MasterCard, Maestro), e-wallets (Neteller, Skrill), and cryptocurrencies (Bitcoin, Ethereum, Litecoin). The minimum deposit amount varies depending on the account type and ranges from $10 to $5000.

    Withdrawals can be made using the same methods as deposits, with processing times ranging from 2 to 5 business days depending on the method. It is important to note that clients must withdraw funds using the same method they used to deposit, and they may be required to provide additional documentation for verification purposes.

    ExpertOption does not charge any deposit fees, but it does charge withdrawal fees depending on the method used. These fees can range from 0.9% to 9%, with a minimum fee of $10.

    Educational Resouces

    ExpertOption offers a variety of educational resources for traders to improve their trading skills and knowledge. These resources include:

    1. Video tutorials: ExpertOption has a large library of video tutorials that cover topics such as trading strategies, technical analysis, and risk management.

    2. Webinars: The broker regularly conducts live webinars hosted by experienced traders and financial experts. These webinars cover a range of topics and provide valuable insights into the markets.

    3. E-books: ExpertOption offers free e-books that cover various trading topics such as forex trading, binary options trading, and trading psychology.

    4. Trading signals: The broker also provides free trading signals to its clients. These signals are generated by professional traders and are designed to help traders identify profitable trading opportunities.

    5. Demo account: ExpertOption offers a free demo account that traders can use to practice their trading skills and test their strategies in a risk-free environment.

    educational-resources
    Pros Cons
    Offers a variety of educational materials, including video tutorials, webinars, and eBooks. The educational resources may not be as comprehensive as those provided by other brokers.
    Provides traders with access to a demo account to practice trading strategies without risking real money. The demo account is only available for a limited time.
    Offers a range of trading tools, such as technical analysis tools and trading signals, to help traders make informed trading decisions. Some traders may find the educational resources to be basic and not suitable for advanced traders.
    Provides multilingual support, making the educational resources accessible to traders from different regions.

    Conclusion

    ExpertOption is an online binary options trading platform that offers a variety of trading instruments, including currencies, commodities, stocks, and cryptocurrencies. It offers multiple account types with varying benefits and requires a minimum deposit of only $10. The broker also provides social trading features, allowing traders to copy the trades of successful traders. However, ExpertOption is not regulated by any reputable financial authority and has been associated with some negative reviews, including issues with withdrawals and customer support. Traders should exercise caution when trading with ExpertOption and conduct thorough research before depositing funds.

    FAQs

    • Q: Is ExpertOption a regulated broker?

    A: ExpertOption is registered in Saint Vincent and the Grenadines and is not regulated by any major regulatory body.

    • Q: What trading instruments are available at ExpertOption?

    A: ExpertOption offers a variety of trading instruments including currency pairs, stocks, commodities, and cryptocurrencies.

    • Q: What is the minimum deposit required to open an account with ExpertOption?

    A: The minimum deposit required to open an account with ExpertOption varies depending on the account type. The Micro account requires a minimum deposit of $10, while the Exclusive account requires a minimum deposit of $50,000.

    • Q: Does ExpertOption offer social trading?

    A: Yes, ExpertOption offers social trading through their platform, allowing traders to copy the trades of successful traders.

    • Q: What trading platforms does ExpertOption offer?

    A: ExpertOption offers a proprietary trading platform as well as a mobile app for both iOS and Android.

    • Q: Does ExpertOption charge any fees for deposits or withdrawals?

    A: ExpertOption does not charge any fees for deposits or withdrawals. However, third-party payment processors may charge fees.

    • Q: Is ExpertOption a scam or a legitimate broker?

    A: While ExpertOption is not regulated by any major regulatory body, there have been no reports of it being a scam. However, traders should exercise caution and thoroughly research the broker before investing any funds.

    • Q: Does ExpertOption offer a demo account?

    A: Yes, ExpertOption offers a free demo account for traders to practice trading without risking any real funds.

    News

    Beware: 120% Deposit Bonus by ExpertOption, Could Be a Ponzi Trap

    ExposureBeware: 120% Deposit Bonus by ExpertOption, Could Be a Ponzi Trap

    2023-12-05 18:35

    Warning: ExpertOption's 120% Deposit Bonus - Unregulated Broker Risks Uncovered! Protect Your Investments Immediately!

    WikiFX
    2023-12-05 18:35
    Exposure
    Beware: 120% Deposit Bonus by ExpertOption, Could Be a Ponzi Trap
    WIKIFX REPORT: ExpertOption.Trade Is One Of The Most Popular And Well-Known Trading Platforms

    NewsWIKIFX REPORT: ExpertOption.Trade Is One Of The Most Popular And Well-Known Trading Platforms

    2022-05-27 14:22

    Financial markets are full of surprises, allowing some to become extremely wealthy while the majority lose all of their money. Many of those who failed in the beginning have a chance to become lucky investors someday if they are patient and strive to improve their skills.

    WikiFX
    2022-05-27 14:22
    News
    WIKIFX REPORT: ExpertOption.Trade Is One Of The Most Popular And Well-Known Trading Platforms
    WikiFX report: ExpertOption traders experience unprecedented growth and record profits

    NewsWikiFX report: ExpertOption traders experience unprecedented growth and record profits

    2022-04-19 16:26

    Online Trading has witnessed significant growth in recent years, with many new users keen to improve their financial situation. Platforms such as ExpertOption provide instant access to the global markets, with easy deposit methods and fast withdrawal times - it‘s no surprise that they’ve earned the trust of more than 14 million traders worldwide. With a responsive user interface and an abundance of tutorials, as well as educational materials available, ExpertOption features numerous benefits which can help traders to earn. This summary will provide a rundown of the core features traders can expect to utilize during their time with ExpertOption.

    WikiFX
    2022-04-19 16:26
    News
    WikiFX report: ExpertOption traders experience unprecedented growth and record profits
    ExpertOption To Release One Coin For Three Investment Platforms

    NewsExpertOption To Release One Coin For Three Investment Platforms

    2021-12-16 13:08

    ExpertOption To Release One Coin For Three Investment Platforms

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    2021-12-16 13:08
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    ExpertOption To Release One Coin For Three Investment Platforms

    User Reviews

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    26

    Comments

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    Gustavo Rodrigues
    0-3months
    ExpertOption is very easy and enjoyable to use. CFD brokers are generally similar, but I stuck to this one because it's light, doesn't stick and is easy to use. I developed some tactics that made me a lot of money and made me enjoy it a lot. Thanks for the cool app! It would be great if there were more advantages for the people who are firm with you. I've been at this with you for a while now, I might as well paint some promocodes or some bonuses, huh?
    2024-03-16 23:01
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    0
    Alexandre7316
    0-3months
    I used ExpertOption and thought it was really cool. I started with the demo account and then took a little risk with real money. I managed to make a little profit, nothing big, but it's worth it. I saw people saying they don't have a license, but on their website there is a specific one with a number and everything. I never had any problems during these months of trading. I recommend it to anyone just starting out.
    2024-02-15 18:39
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    Pevanudel
    0-3months
    Very convenient interface in ExpertOption, everything is created for comfortable trading here. And there are many tools available, the most important thing is to use them wisely and that's all.
    2024-02-13 18:51
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    Korbinian
    0-3months
    One of the main advantages of ExpertOption is their customer support. Whenever I have a question or problem, I can seek help and get answers quickly and with quality. This adds confidence to the trading process and allows focus on earning.
    2024-02-06 15:23
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    Sheilah
    0-3months
    With ExpertOption, just like in that joke: "Let's go without superfluous words!" Here everything is clear and without embellishment. And, last but not least, honest commissions. With such principles, money can be earned.
    2024-01-29 22:57
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    Hacker5532
    0-3months
    Choose ExpertOption to trade and have no regrets. Their platform is easy to use, even for beginners. The minimum deposit is only 10 dollars, making the start very affordable. Clarity of the broker and fast withdrawal of funds - excellent quality. I recommend it!
    2024-01-16 15:27
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    Throbbing
    0-3months
    I have worked with various brokers, but ExpertOption is currently the most attractive offer. At least, at the moment, the best conditions are here. While working with this broker, I never had any problems - everything worked well and allowed me to earn a good income.
    2024-01-09 13:43
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    Zetta
    3-6months
    Expertoption is truly one of the best brokers. They have all the necessary assets, so this is where I would trade. I don't want to look for another broker at all, because all the conditions have been made here so that I can earn a stable income.
    2023-12-25 00:34
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    Trader|Rohi
    3-6months
    My journey with ExpertOption was excellent. Starting with a demo account, I experienced risk-free learning. Their tools and service helped me a lot in actual investing. The simple and intuitive interface really made trading easy.
    2023-11-08 17:45
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    Mertyn
    3-6months
    Very user-friendly interface, everything on the platform is created for you to be able to trade. That's why ExpertOption can be called one of the best platforms. There is everything you need for you.
    2023-11-03 16:48
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    0
    Baleiriee
    3-6months
    As a trading platform ExpertOption suits me. That is, the interface is good, and there are no problems with money, both to make a deposit and withdraw funds can be literally in a couple of clicks. That is why I will continue to trade here, as the honesty and security here is at the highest level.
    2023-11-02 20:00
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    0
    Atanas
    3-6months
    A good broker with a lot of trading instruments and currency pairs. So just start trading here and that's it. ExpertOption showed themselves from the best side, and if someone doubts them, you can always open a demo account and try to trade with it, and then move on to real money.
    2023-11-01 17:33
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    Kavinko
    3-6months
    The best platform for trading, lately I have been trading here only. I know that here you will not be cheated, and quickly transfer money to the account. ExpertOption have clearly conquered the market and has become one of the best on it. I plan to cooperate with them further, it is unequivocal.
    2023-10-30 21:26
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    Blasnir
    3-6months
    I personally like everything about ExpertOption, it's a good platform. I don't know who has what problems, but for me everything is really super here. I hope that I will be able to continue to trade with them as actively. At the moment, at least, I do not plan to go anywhere else to trade. This is one of the best platforms for those who want to be sure that here you can make good money on trading. And the interface is very user-friendly, you can figure it out in a couple of minutes.
    2023-10-27 23:43
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    Mik Fanolik
    3-6months
    I have been trading at ExpertOption for quite a long time, it's a good platform. There is everything you need. I first checked them on a demo account, and then already transferred real money. The platform allows real-time trading without any delays. So you know exactly that together with the market trades are carried out.
    2023-10-25 16:06
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    Vesharina
    3-6months
    It seems to me that ExpertOption is a great place as a trading platform now. That is, there are a lot of currency pairs represented here, and you know that it is definitely not a scam.
    2023-10-23 14:03
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    0
    Dina1838
    6-12months
    Excellent and honest broker, for whom it is important to offer quality services. And there is an application for all platforms, which also pleased me, because it is not often to meet a broker who releases a program for macOS. It is very convenient to use it.
    2023-09-14 17:03
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    Earlener
    6-12months
    I was pleased to see that all the shares of large companies are represented, so you can build a portfolio in expertoption. The deposit would be a little smaller, 10 dollars is not much, but I wanted to test not on a demo account, but on a real one. Although this is also a certain threshold for those who will try to trade on 1 dollar, it is also right. Although I would still reduce it to 5 dollars, it will be even more convenient and, I think, new traders can be attracted.
    2023-09-12 14:37
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    2
    BishBashBosh
    6-12months
    I've been using the ExpertOption platform since 2019 and have zero regrets. The user interface is easy to navigate and my withdrawals are always processed in a timely manner. I particularly enjoy using the social trading feature, as it allows me to make better deals by copying top traders.
    2023-08-08 15:21
    Reply
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    2
    郭凡平
    more than one year
    Very bad broker, can you imagine?! I have never been worse broker like this one, they don’t let me to withdraw my money. Hatefully, they blocked my skrill, credit card, also USDT.
    2023-03-01 10:45
    Reply
    0
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