{"id":505249,"date":"2021-01-28T00:37:00","date_gmt":"2021-01-28T00:37:00","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=505249"},"modified":"2023-09-15T14:09:00","modified_gmt":"2023-09-15T14:09:00","slug":"expert-option-review","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/expert-option-review\/","title":{"rendered":"ExpertOption Review 2023"},"content":{"rendered":"
\n
\n
\n
\n
\"comparing<\/figure><\/div>\n\n\n
Visit >><\/a><\/center>\n\n<\/div><\/div><\/div>\n\n
\n\n

ExpertOption was founded in 2014<\/strong>. ExpertOption claim they process over 30 million trades each month. It is available in over 150 countries worldwide.<\/p>\n\n\n\n

During the China Trading Expo in Shenzhen in May 2017<\/strong>, ExpertOption was named “Best Trading Platform.” In this Expert Option Review<\/strong>, we're going to discuss whether ExpertOption is legit, and how you can find out whether it's the right platform for you. <\/p>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n

<\/div>
\n

Expert Option Summary<\/h2>\n\n\n\n

ExpertOption is a online broker licensed by SVGFSA, which is not a tier-1 regulatory body. Its advantages make it stand out among its competitors, like low minimum deposit, a unique platform, prompt customer service, zero transaction fees, and high-quality educational material. <\/p>\n\n\n\n

On the other hand, it has some downsides. It does not accept clients from many countries, including the US, Canada, and EU. <\/p>\n\n\n\n

A big downside is the fact that a tier-1 regulatory body does not regulate Expert Option. Extra due diligence is advised.<\/p>\n<\/div><\/section>\n\n\n\n\n\n\n

Expert Option Overview<\/h2>\n\n\n\n
Feature<\/th>Expert Option<\/th><\/tr><\/thead>
Headquarters<\/td>Kingstown, Saint Vincent and Grenadines<\/td><\/tr>
Foundation Year<\/td>2014<\/td><\/tr>
Minimum Deposit<\/td>$0<\/td><\/tr>
Deposit Fee<\/td> $0 <\/td><\/tr>
Withdrawal Fee<\/td> $0 <\/td><\/tr>
Inactivity Fee<\/td>$10\/month<\/td><\/tr>
Demo Account<\/td>Yes<\/td><\/tr>
Minimum Trade<\/td>$1<\/td><\/tr>
Minimum Withdrawal<\/td>$10<\/td><\/tr>
Bonus<\/td>up to 100%<\/td><\/tr>
Deposit Methods<\/td>Wire Transfer, MasterCard\/Visa, Maestro, PayPal, eo.finance, QIWI, WebMoney, Yandex Money, Skrill, Neteller, PM, UnionPay, fasapay, epayments<\/td><\/tr>
Islamic Account<\/td>No<\/td><\/tr>
Instruments<\/td>Fixed Time Trades<\/td><\/tr>
Platforms<\/td>Web, Windows, Android, iOS, MacOS<\/td><\/tr>
Assets<\/td>Stocks, Commodities, Forex, Crypto<\/td><\/tr>
Number of Assets<\/td>100+<\/td><\/tr>
Leverage<\/td>max. 1:500<\/td><\/tr>
Margin Trading<\/td>No<\/td><\/tr>
STP Account<\/td>No<\/td><\/tr>
DMA Account<\/td>No<\/td><\/tr>
ECN Account<\/td>No<\/td><\/tr>
Auto Trading<\/td>No<\/td><\/tr>
Trade Signals<\/td>No <\/td><\/tr>
Copy Trading<\/td>No<\/td><\/tr>
Forex Pairs<\/td>Yes<\/td><\/tr>
Account Types<\/td>Micro, basic, silver, gold, platinum, exclusive<\/td><\/tr>
Withdrawal Time<\/td>2-5 days<\/td><\/tr>
Regulation<\/td>Not regulated by tier-1 Authorities. VFSC<\/a>, FMRRC<\/td><\/tr>
Customer Support<\/td>Live chat, phone number, email<\/td><\/tr>
Languages<\/td>English, Hindi, Chinese (2 variations), Thai, Indonesian, Malaysian, Filipino, Korean, Vietnamese, Spanish, Polish, Portuguese, Arabic, and Turkish<\/td><\/tr>
US and UK Traders<\/td>Not Accepted<\/td><\/tr>
Our Score<\/td>2.7\/5<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Pros and Cons<\/h2>\n\n\n\n

ExpertOption has many pros to count, but its cons might be a real deal-breaker for many.<\/p>\n\n\n\n

Pros<\/th>Cons<\/th><\/tr><\/thead>
High quality educational material<\/td>No MetaTrader platforms<\/td><\/tr>
Low minimum deposit<\/td>It does not accept many countries, including USA, Canada, and EU countries<\/td><\/tr>
Free demo account<\/td>Not Regulated by Reputable Authorities<\/td><\/tr>
Creating a demo account does not require giving personal information<\/td><\/td><\/tr>
Great customer support and available 24\\7<\/td><\/td><\/tr>
No transaction commissions or fees<\/td><\/td><\/tr>
Easy-to-use, specially designed platform<\/td><\/td><\/tr>
Wide variety of cryptocurrencies<\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Compared to Similar Brokers<\/h2>\n\n\n\n

We listed below a brief comparison between ExpertOption and its competitors to give you a better idea about the broker.<\/p>\n\n\n\n

Broker<\/th>Expert Option<\/th>Olymp Trade<\/th>Binance<\/th>IQ Option<\/th><\/tr><\/thead>
Year<\/td>2014<\/td>2014<\/td>2017<\/td>2013<\/td><\/tr>
Minimum Deposit<\/td>$10<\/td>$10<\/td>$0<\/td>$10<\/td><\/tr>
Inactivity fee<\/td>Yes<\/td>Yes<\/td>No<\/td>Yes (90 days)<\/td><\/tr>
Minimum Trade<\/td>$1<\/td> $1 <\/td> $10<\/td>0.001 lots<\/td><\/tr>
Platforms<\/td>Web, Windows, Android, iOS, macOS<\/td>Web, Windows, iOS, Android<\/td>Web, Windows, iOS, Android<\/td>Web, Windows, macOS, Android, iOS<\/td><\/tr>
Languages<\/td>15<\/td> 15 <\/td> 17+<\/td> 17<\/td><\/tr>
Regulation<\/td>SVGFSA (low tier)<\/td>FinaCom (low tier)<\/td>FCA<\/td>CySEC<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

ExpertOption Payouts<\/h2>\n\n\n\n

Below we gathered some payout percentages and the average payout on some popular assets.<\/p>\n\n\n\n

Forex Pairs<\/th>Payout<\/th><\/tr><\/thead>
EUR\/USD<\/td>70%<\/td><\/tr>
USD\/JPY<\/td>88%<\/td><\/tr>
GBP\/USD<\/td>70%<\/td><\/tr>
Average<\/strong><\/td>76%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Cryptocurrency<\/th>Payout<\/th><\/tr><\/thead>
Bitcoin<\/td>85%<\/td><\/tr>
Ethereum<\/td>87%<\/td><\/tr>
Ripple<\/td>71%<\/td><\/tr>
Average<\/strong><\/td>81%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Precious Metals<\/th>Payout<\/th><\/tr><\/thead>
Gold<\/td>91%<\/td><\/tr>
Silver<\/td>78%<\/td><\/tr>
Average<\/strong><\/td>84.5%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Regulation<\/h2>\n\n\n\n

ExpertOption is registered with the Vanuatu Financial Service Commission (VFSC) license number 15014. The Financial Market Relationship Regulation Center oversees the operations of this broker (FMRRC). This is a non-governmental organization in Russia that offers volunteer monitoring.<\/p>\n\n\n\n

We advise extra due diligence as Expert Option is not regulated by top tier authorities.<\/p>\n\n\n\n

Trading Platforms<\/h2>\n\n\n\n

ExpertOption's platform is easy to use and offers educational material, allowing clients to employ powerful analytical tools to make better decisions. It also provides traders with an accurate feed and fast trade execution.<\/p>\n\n\n

\n
\"ExpertOption<\/figure><\/div>\n\n\n

While the majority of brokers opt for existing platforms like MetaTrader 4 and MetaTrader 5 to save time, ExpertOption built its own platform that is fully customizable and can be adjusted to the demands of any client. This means that all of ExpertOption's features are easily integrated, regardless of whether the user is trading on a desktop or mobile device.<\/p>\n\n\n\n

But with such an easy-to-use interface, clients are unlikely to need additional materials to maneuver ExpertOption. The platform supports social trading, which helps clients monitor top traders\u2019 deals, even copying their strategies.<\/p>\n\n\n

\n
\"Desktop<\/figure><\/div>\n\n\n
Platform<\/th>Expert Option<\/th><\/tr><\/thead>
MT4<\/td>No<\/td><\/tr>
MT5<\/td>No<\/td><\/tr>
cTrader<\/td>Yes <\/td><\/tr>
Web Platform<\/td>Yes <\/td><\/tr>
Android Trading App<\/td>Yes <\/td><\/tr>
iOS Trading App<\/td>Yes <\/td><\/tr>
Microsoft Trading App<\/td>Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Mobile App<\/h2>\n\n\n\n

Just like ExpertOption's other platforms, the mobile app provides clients with access to a large selection of stocks and more than 100 different assets, as well as quick trade execution. It offers live, real-time quotes, it is custom-developed, user-friendly, and has comprehensive analytical tools at the same time.<\/p>\n\n\n

\n
\"Mobile<\/figure><\/div>\n\n\n

Account Types<\/h2>\n\n\n\n

ExpertOption makes it easy and simple to create an account. You can also register using your social media or Google accounts. All you have to do is provide an active email address and create a password. The amount of money you need to deposit varies depending on the account you wish to create, but in general, a genuine account with ExpertOption demands a minimum deposit of $50. Below is a comparison list of the six different accounts you can have on ExpertOption.<\/p>\n\n\n

\n
\"account<\/figure><\/div>\n\n\n
Account Type<\/th>Micro Account<\/th>Basic Account<\/th>Silver Account<\/th>Gold Account<\/th>Platinum Account<\/th>Exclusive Account<\/th><\/tr><\/thead>
Price<\/td>$10<\/td> $50 <\/td> $500<\/td> $2500 <\/td>$5000<\/td>Invitation only<\/td><\/tr>
Daily Market Reviews and Research<\/td>No<\/td>No<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Educational Resources<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Increased Asset Profit<\/td>0<\/td>0<\/td>0<\/td>2%<\/td>4%<\/td>6%<\/td><\/tr>
Priority Withdrawal<\/td>No<\/td>No<\/td>No<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Maximum Deal Amount<\/td>$10<\/td>$25<\/td>$250<\/td>$1000<\/td>$2000<\/td>$3000<\/td><\/tr>
Maximum Number of Deals Open At The Same Time<\/td>10<\/td>10<\/td>15<\/td>30<\/td>Unlimited<\/td>Unlimited<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Demo Account<\/h2>\n\n\n\n

ExpertOption clients can use a demo account<\/strong> to test their abilities and get a feel for the platform before investing real money. Demo accounts come with a virtual balance of $10,000, and there is no need to register to use the account.<\/p>\n\n\n\n

This is great as many new clients are put off by having to give documentation and personal information to try out a demo account, and it also means that the broker does not have any personal contact information with which to pressure you into registering for a real account after you have tried it out. <\/p>\n\n\n\n

Overall, the ExpertOption demo account is very helpful as it gives clients access to all of the basic features and pricing available on a live account. This allows new users to experiment and see if their trading style is compatible with the platform.<\/p>\n\n\n

\n
\"Demo<\/figure><\/div>\n\n\n

Available Deposit Methods<\/h2>\n\n\n\n

Expert Option offers many deposit methods. Here is the full list:<\/p>\n\n\n\n