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Expert Option is a legally registered binary options broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).
Expert Option accepts clients from all over the world, excluding USA, Canada, European Economic Area, Switzerland, Israel, Russia, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.
Binary options broker offers the following underlying assets for trading.
| 10+ Currency Pairs | Based on major world currencies. |
| 16 Crypto BOs | Based on Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Dash, Ripple, Monero, Zcash, Tether, IOTA. |
| 2 Metal BOs | Based on Gold and Silver. |
| 1 Energy BO | Based on Crude Oil (Brent). |
| 20+ Stock BOs | Based on shares of US companies. |
Expert Option is a binary options broker set up in 2014 and registered in the popular offshore jurisdiction Vanuatu under the name EO Services Limited. The broker is regulated by the Vanuatu Financial Services Commission (VFSC) with license number 15014. Looking up the company in the VFSC’s database also confirms also confirms that the broker is properly registered as an International Company.
As its name implies, Expert Option is focused exclusively on offering binary options for trading, and does not offer traditional CFD & forex trading.
Likely as a result of the regulatory crackdown that has been seen in the binary options space over the past few years, Expert Option has a very strict policy in place regarding who gets to trade on its platform. According to the terms stated in its website, residents from a wide range of countries, including the US & Canada, the entire European Economic Area, Australia, and many others, are prohibited from trading.
For the traders that are welcome to trade on Expert Option, however, the broker offers binary trading based on a fairly limited selection of underlying assets. Among these assets are all major and some minor forex pairs, a pretty good selection of 16 popular cryptocurrencies, a handful of stocks of US-based companies, as well as gold, silver, and oil.
The trading platform offered by Expert Option is designed specifically for trading in binary options. Like most other binary platforms, it is web-based and has a simplistic feel to it.
The charts on Expert Option’s trading platform are intuitive and responsive, but unfortunately only comes with a very limited selection of technical analysis tools. As a result, Expert Option’s trading platform is probably best suited for new traders who simply want to give binary options trading a try before moving over to a more advanced provider of these exciting trading instruments.
The broker requires a minimum deposit of USD 50 to start trading, which is slightly more than most other brokers in the space. At the same time, however, traders who just want to test out the trading platform or practice their skills can do so with a free demo account that comes with USD 10,000 in virtual capital.
For the minimum deposit, new traders will automatically be assigned to the broker’s Basic account. Other account types includes the Silver, Gold, and Platinum accounts, which are available for deposits of $500, $2,500, and $5,000, respectively. The full list of benefits for each account type is available from the broker’s website.
All trading accounts can be funded with a variety of payment methods, including common credit & debit cards, many of the popular online money transfer services like Neteller and Skrill, as well as the Chinese payment methods UnionPay, WeChat Pay and AliPay. Keep in mind regarding withdrawals that the minimum withdrawal amount with Expert Option is $10.
An important thing to point out is that the broker states on its website that company representatives may ask for additional documentation before withdrawals can be processed. As always, it is highly advisable to contact the broker to find out exactly which documents will be required for this purpose, even before funds are deposited into the trading account. This way, any potential bad experiences and delayed withdrawals can be avoided.
Expert Option’s customer support is available in English 24 hours per day, 7 days per week. In addition, the broker offers an India-based support line for Hindi speakers that is open from 10.30 AM to 7.30 PM India time. Further, the broker’s support agents can be reached via email and live chat in the same two languages.
In conclusion, we believe Expert Option fulfills our expectations when it comes to basic binary options trading. We also appreciate the fact that the broker is regulated by a government agency, although it is in a traditional offshore jurisdiction. For new binary options traders, starting with a demo account before moving to a live trading account with Expert Option may be a good alternative.
I have been trading on ExpertOption for a while now, and I must say they really care about beginners. They provide educational materials and demo accounts, which were very helpful to me at the start. However, now that I am more experienced, I sometimes find myself wanting more advanced features. The commissions and spreads here are quite reasonable, I would say competitive. But there are two things that concern me. First, many of my trader friends from other countries simply cannot use this platform due to geographical restrictions. Second, I am a bit uneasy about the lack of serious regulation and licenses.
I've tried several other brokers, but Expert Option turned out to be the most reliable and convenient for me. Their platform is intuitive, and they have all the necessary tools for successful trading.
I am very satisfied with the speed of executing trades on ExpertOption. This allows me to react to market changes instantly and maximize the benefits from my investments.
ExpertOption is the best choice for those who want to start trading. I received excellent support from their team, and their educational materials helped me to master the basics of trading.
I am satisfied with the opportunities provided by ExpertOption. Their wide range of assets and variety of trading instruments make them an excellent choice for traders of all experience levels.
I am satisfied with ExpertOption. Excellent binary broker with good conditions. The payout % is quite high, even on short-term deals, which is extremely important for me.
Expertoption has a short period of activity, the company is only developing and improving. I prefer more experienced structures, but sometimes beginners offer much more extensive and better conditions, this is the case here. There are a lot of trading instruments and assets, the platform is of high quality, the analytics are deep and I liked the training.
As for me, the broker is quite good. In fact, there were a couple of negative points, but everything was resolved pretty quickly, but otherwise everything is ok.
The broker is really easy to work with. Here is one of the most convenient platforms with which I had to work. I am really happy with this broker.
The company really made me happy. I have been working in this industry for quite a long time, and so far I am really satisfied with it. In my opinion, this broker is excellent.
The broker is new, but I like it. To be honest, I thought for a long time whether to start working with this company. The results of the work turned out to be quite good, I am satisfied with the broker.
Great company. I've been working with them for quite some time and so far I'm quite happy with Expert Option. Despite the presence of negative reviews, I was still able to earn some money and withdrew some.
I liked this broker. It turned out to be quite convenient to work with them, the platform is excellent. In my opinion, Expert Option is quite worthy of attention.
I have been working in this industry not for so long, and, in principle, I am quite satisfied with the trading conditions of Expert Option. In my opinion, the company is quite worthy.
I really enjoy working with this broker. It turned out to be very convenient in terms of work, and most importantly, there were no problems with the withdrawal.
I have been trading binary options for a very long time, and lately decided to try and open a new account with ExpertOption. Though I have been working with them for only a couple of months... surprisingly, I'm still satisfied enough both with their service, stability and comfort of work on the platform. The highest rating!
I would like to note stability as the main plus of trading with ExpertOption! The best guys on the market!
