This Expert Option Review resulted from popular demand from our readers.

Expert Option is purely a fixed-time trade/ Forex broker that launched its platform in 2014.

It is regulated and provides users with multiple deposit and withdrawal methods.

In this well-detailed review of Expert Option, we will go through all you need to know about this broker:

• How it came about
• Regulation
• Fees
• Ease of use
• Reputation, etc.

Let’s dive in!

Post Summary

I have taken my time to organize this post so that everyone can understand. Below is a list of everything I will cover today.

Click on any of them to reveal its content.

1. Expert Options Overview
2. Traded Assets
3. Restricted Countries And Language Support
4. Registration Requirements
5. License And Regulation
6. Trading Accounts
7. Deposits And Withdrawal Methods
8. Bonus On Expert Options
9. User Interface
10. Expert Option Trading Apps
11. Customer Support
12. Pros And Cons
13. Is Expert Option a Scam Platform?
14. Conclusion

If you are ready, I’m ready!

1. Expert Option Overview

Expert Option is a fixed-time trade/ Forex broker that was established in 2014.

The company is registered in Saint Vincent and Grenadines, and its headquarters is located in the Griffith Corporates Centre Suite 305.

Being a reliable leader in the online trading industry, Expert Option provides its users with extra solidity.

Since its creation, this broker has registered over 35 million accounts, plus up to 30 million deals closed monthly.

The trading platform is user-friendly and provides one of the fastest brokerage services.

Unlike other brokers, Expert Option has granted its new users a 100% bonus on initial deposits (I will discuss this later in the post).

The broker won the best trading platform at the China Trading Expo 2017.

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2. Traded Assets

There are currently over 65 assets traded on this platform. They are grouped into 4 instruments as listed below:

 i. 29 Currency Pairs;

• AUD/USD
• EUR/USD
• EUR/AUD
• EUR/GRP
• USD/JPY
• GRP/USD
• USD/CAD, etc

ii. 12 Crypto Currencies;

• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)
• Tether (USDT)
• Bitcoin Cash (BCH)
• Monero (XMR)
• ZCash (ZEC)
• Bitcoin Gold (BTG)
• Ethereum Classic (ETC)
• IOTA (MIOTA)
• Litecoin (LTC)
• Dash (DASH)

iii. 21 Stocks;

• Facebook
• Alibaba
• Citigroup
• Ford
• Allergan
• Goldman Sachs
• Microsoft, Apple
• Amazon
• Mcdonalds
• Coca-Cola, etc.

iv. 4 Commodities;

• Gold
• Brent Oil
• Silver
• Platinum

3. Restricted Countries and Language Support

Restricted Countries

Expert Option does not provide its services to the citizens and residents of the following countries;

• Australia
• Belarus
• Canada
• European Member States
• Iceland
• Iran
• Israel
• Japan
• Liechtenstein
• New Zealand
• North Korea
• Norway
• Puerto Rico
• Russia
• Switzerland
• Singapore
• UK
• Ukraine
• USA

You can sign up and start trading if you are NOT from any of the above countries.

Supported Languages

The following languages are supported on the Expert Option:

• English
• Chinese
• Japanese
• Bengali
• Turkey
• Indonesia
• Malaysia
• Spanish
• French
• Tagalog, etc., as can be seen in the image below

4. Registration Requirements

Registration is not required to trade the demo account. All you need to do is visit the demo account page and start trading.

You must register to trade the real account by filling in your name and email address. You will also have completed the KYC form. This involved uploading your proof of identity and residency.

The most regulated financial company requires this information to comply with the Anti-Money Laundering Policy (AML)

5. License and Regulation

Expert Option is certified by IFMRRC (International Financial Market Relations Regulation Centre), a non-governmental Oversight agency located in Russia.

Its certificate is available for the public to view at the Official IFMRRC site.

The company is authorized and regulated by Vanuatu Financial Service.

VFSC government financial commission is relatively new and has just offered financial services to an offshore account.

You can read about their client protection.

This broker has yet to obtain regulation by CySEC and, therefore, does not offer their services to European countries.

6. Trading Accounts

There are two types of trading accounts in Expert Options

• Demo Account
• Real Account

Demo Account:

The demo account comes preloaded with $10,000 for you to trade; you do not need to sign up to use the demo account.

All you need to do is to visit the demo account page to start trading.

The demo account has all the features, parameters, and tools available in the live account.

It is always advised to try out the demo account first to practice your trading skills before signing up for the Real account.

Real Account

The Real account is subdivided into 5 levels, each with an extra benefit.

The account subdivisions are determined by the amount you deposited. They are;

• Basic
• Silver
• Gold
• Platinum, and
• Exclusive

The benefits of each account type can be seen in the image below.

The image above shows that the higher your account level, the more benefit you get.

For example, those with the Platinum account get a 4% higher payout than those with the Basic and Silver accounts.

However, starting small and making a profit before upgrading your account level is best.

7. Deposit and Withdrawal Methods

As of press time, 15 deposit and 11 withdrawal methods are available, depending on your country.

This includes:

i. Deposit Methods 

• Card Payment: Visa, MasterCard, Maestro, UnionPay
• Crypto: Bitcoin, Ethereum, Ripple
• Perfect Money
• Skrill
• Neteller
• Nigeria Mobile Banking
• Fasapay
• Webmoney
• Qiwi
• Yandex

Minimum and Maximum Deposit Amount

The minimum deposit is $10, while the maximum deposit is $5,000. You will need to contact customer support for deposits above that.

The minimum trade amount is $1, while the maximum trade above varies depending on the type of account you are operating.

ii. Withdrawal Methods

• Card Payment: Visa, MasterCard, Maestro, UnionPay
• Perfect Money
• Skrill
• Neteller
• Webmoney
• Qiwi
• Yandex
• Payweb

Deposits are instant, and no commission fees are charged.

The method through which you make a deposit is the method through which you can withdraw up to the amount you deposited.

Profit can be withdrawn using other methods.

For example, let’s say you made a deposit of $100 using Skrill, and during the course of trading, you made a profit of $150, making your fund a total of $250.

To withdraw this money, you must withdraw your $100 deposit through Skrill and the $150 profit using any other payment method you wish to use, including Skrill. 

The exception to the above is that if your deposit method is not listed as a withdrawal option, you can use any option to withdraw.

If you reside in Nigeria, I suggest you do not make a deposit through your Visa or MasterCard; rather, do so through Web Money, Neteller, Skrill or Perfect Money.

The reason is that most people find it really difficult to withdraw through the Master/Visa card.

I use Webmoney and don’t have issues making deposits or withdrawals via this method.

You can convert your naira to Webmoney on InstantGoldng. You can also use Neteller and convert it to crypto on Paybis.

Note that withdrawals are not instant. It takes up to 3 business days.

8. Bonus On Expert Option

ExpertOption currently offers a 100% bonus on first-time deposits.

This is definitely a smart move by the broker, as so many traders tend to be attracted to incentives.

The good thing about this offer is that, unlike other brokers, you can withdraw your deposit even after accepting the bonus.

9. User Interface

The Expert Option trading platform User Interface is quite simple and easy to navigate.

It is brilliantly designed; I don’t see it being any easier.

Educational materials, finance analytics, etc., are to the left, and the status of your trades is to the right.

Finally, you can see the chart, make deals and choose assets at the centre.

The 45-second video below shows how easy it is to place a trade on an Expert Option.

There are also many training videos and educational materials on different trading strategies.

You can find this resource in the education section of the website. Topics covered in the tutorials include:

• Glossary
• Trading Strategies
• Technical analysis
• Graphical analysis
• Fundamental analysis
• Psychology of trading

I receive emails daily from people asking me for a tutorial on how to trade.

I have gone through these materials, they are really good.

All you need to do is go through them and put what you learn into practice using the demo account.

10. Expert Option Trading Apps

Apart from the web platform, you can trade through the Expert Option apps across the major devices.

Apps are much faster, they adapt easily to the device they are made for, providing the user with a better experience. The apps are available for Android, iOS, Windows, and MacOS devices.

However, note that the apps for mobile devices do not provide all the sophisticated features present on the desktop and web platforms.

11. Customer Support

Expert Option has 24/7 Customer support through the Live Chat on its homepage and a trading room waiting to answer any question/query you might have.

When I contacted Customer Care, I thought I would have to wait about 5 minutes to get a reply, but I was replied to immediately.

Apart from the Live Chat, Expert Option customer support can be contacted via these means:

• Email – help@expertoption.com
• Telegram – https://t.me/ExpertoptionNews
• Facebook – https://web.facebook.com/expertoption?_rdc=1&_rdr
• Instagram – https://www.instagram.com/expertoption/
• X (formerly Twitter) – https://twitter.com/ExpertOption

12. Pros And Cons

Pros

• Replenishable demo account
• Bonus offered
• It is regulated
• Supports a wide range of payment methods
• 24/7 customer support

Cons

• Restricted in the European business area
• No crypto funding
• Withdrawal takes up to 3 working days.
• Short expiry time.

13. Is Expert Options a Scam Platform?

The straight-to-the-point answer is No, or at least not yet.

Expert Option is quite transparent when compared to other trading platforms.

For example, when trading on binary.com, I noticed that some markets get disabled temporarily when a particular trend is formed.

Secondly, Expert Option is certified and regulated.

It can be argued that the regulating bodies are relatively new; however, no user has complained of unfairness or not getting paid.

14. Conclusion

Our Expert Option review above shows that this broker came into this business to take the lead.

The platform is exceptionally good and fast, deposits are instant with no charges.

The range of traded assets is large enough for any trader.

One of the limitations I see with this platform is they don’t have a wide range of trading periods.

Its trading period ranges from 1 minute to 5 minutes. Some brokers offer as low as 5 seconds to as high as 5 days.

However, any trader with the right strategy can make do with the period.

I particularly like the number of trading indicators, analysis, and educational materials. If you are a trader, you will love this platform.

I hope you enjoyed this Expert Option review.

If you did, please share your favorite social media icon to let others in on this.

Thank you.

P.S. In my intro, I mentioned that I would show you how to trade profitably. However, note that this is not binary options trading but cryptocurrency trading. To get access to this class, join us on Telegram.

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• Binary.com Review – The Ultimate Guide To Smart Trading