ExpertOption Review | Any Sings of a Scam?

by Kevin Berry
  1/5   Reviews: 3
ExpertOption - logo

ExpertOption attracts special attention among other binary options brokers. It has been operating since 2014 and has managed to serve over 30 million customers from all over the world. Probably, it is really possible to make a profit with this company. To confirm or deny the reliability of the organization, we will check its activities, reviews, and signs of a scam.


🏛️ Country St. Vincent and the Grenadines
⚠️ Regulation
🖥️ Website https://expertoption.com/
🎲 Demo Account Yes
⏳ Start Time 2014
💲 Minimum Deposit $10
⚖️ Payout
⚙️ Trading Platform WebTrader
📨 E-mail english@expertoption.com
📞 Phone +4420 3868 3160

First Impression of Expertoption.com

The official website is not something ExpertOption can be proud of. The menu is very poor. There is very little useful information. The broker only advertises their services with loud promises. In general, the site is very standard. The design is not attractive. It looks dull and even sad.

ExpertOption - website

Partnership and Bonuses

The broker doesn’t have an affiliate program at the moment. Maybe it simply doesn’t publish its terms on the Home page. However, the company offers a 100% bonus for deposits. Of course, this is a lot. Most likely, ExpertOption still has special conditions that the client must fulfill to work out these bonuses.

Account Opening on Expertoption.com

Registration on the site is very simple. You can create an account using email, or log in using Google and Facebook. In the first case, a confirmation code will be sent to your email. You also need to come up with a password. In some countries, including in the European zone, the broker does not provide services.


Trading Software

The broker provides a self-developed terminal. ExpertOption has created programs for Windows and Mac. Also, there is an online version. Mobile apps are available on PlayMarket and the App Store.

Features ExpertOption Binary.com  Quotex
Demo Account ✔️ ✔️ ✔️
Mobile App ✔️ ✔️
Own Development ✔️ ✔️ ✔️

How Can I Trade With ExpertOption?

The company offers to trade only binary options. The minimum deposit here is only $10. The minimum order amount is $1. At the same time, the amount of payouts is not specified. More than a hundred instruments are offered for trading, including stocks. ExpertOption also presents a specific function of social trading. You will be able to watch the work of other traders and repeat their actions if wanted.

All Info About Accounts

The company has several types of accounts.

Account Minimum deposit Number of open transactions Additional conditions
Micro $10 10 Educational materials
Basic $50 10 Educational materials
Silver $500 15 Market Reviews
Gold $2,500 30 Priority output
Platinum $5,000 No restrictions Priority output
Exclusive Access by invitation No restrictions Priority output
  • Low starting amount
  • Demo account.
  • Conditions are not disclosed
  • Payouts are not specified
  • No additional services.

Market Analysis and Education With Expertoption.com

The company provides education. Although, rather, it pretends to provide. In fact, this section just contains a small glossary and articles on technical and fundamental analysis. Perhaps, if the client is deposited by a large amount, a personal manager will be attached. However, it is impossible to call the broker’s education good. Rather, just the basics of the basics are presented here.

Deposit, Withdrawal, and Fees

Ways to deposit and withdraw funds:

  • Credit, and debit cards
  • Electronic payments.

On some accounts, withdrawal requests are processed in priority order.

Features ExpertOption Binomo  Pocket Option
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️ ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

ExpertOption has provided several communication methods. You can call the support by phone, write an email, and communicate on chat.

  • A lot of contact details.
  • The phone number is not active.
  • The support takes a long time to respond.

Is ExpertOption Dangerous?

Binary options are a very dangerous type of earnings. They are illegal in many countries. So a broker who decided to offer exactly such trading tools does not seem reliable to us.

How Long Does The Broker Work?

ExpertOption claims to have been operating successfully since 2014. According to the Whois service, the domain name expertoption.com was registered back in October 2007. Let’s take a look at the history of the site through the Web archive. In June 2015, the site was still not working. The first ExpertOption snapshot appeared only in February 2016, 2 years later than the scammers claim.


How Is ExpertOption Regulated?

Firstly, the data in the footer again refutes the huge period of work. The management company, EOlabs LLC, was incorporated in 2020. It turns out that all this time the broker worked without official registration. Secondly, the company was created offshore. The local regulator does not issue licenses not only to binary options brokers, but also to ordinary ones. In general, the broker works without any supervision. So this is not the safest place for your money.

ExpertOption - entity check

Features ExpertOption Quotex Binary.com
European Zone
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With ExpertOption?

You need to register on the site, choose the type of account, and deposit.

Is ExpertOption Legit?

This company is registered offshore and has not received a single license for its work. Additionally, binary options are not legitimate in many countries.

How Risky Is It?

Binary options trading is very risky. A bigger number of traders lose their deposit here compared to other types of investment.
Kevin Berry
Ask question
Expert Opinion

Hah, the name of this broker is reminiscent of my role, i.e. expert opinion! Don’t be surprised that I’m so frivolous. In fact, it is difficult to speak seriously about ExpertOption, since this is again a quick and incredibly attractive way to earn money. People refuse to believe that because of binary options they will end up broke. This is a mathematical fact, so options are prohibited in many countries. But how hard it is to give up easy money!

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ExpertOption rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
Leave a review

The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about ExpertOption

James December 21, 2022 - 00:29
Offshore broker, identification for withdrawal, and no money
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Hello everyone, in general, I will tell you my situation. I traded with ExpertOption the last two years. At the last withdrawal, my account was blocked. The broker argued that, according to the law, it has no right to provide services to citizens of European countries. Considering that I deposited the account even before the changes in legislation came into force, I was outraged. I tried to withdraw money somehow, but they just didn’t give it to me. I wouldn’t recommend this scam broker to anyone.

Felix January 6, 2023 - 19:24
I traded successfully while depositing
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Hello, I want to share my story about how the broker locked my account without explanation. It did this immediately after the last deposit. I transferred $1,000 there to get a VIP, and got a full reset. No comments. Support is silent. There is a general suspicion that the site is half-dead.

Geoffrey January 11, 2023 - 13:46
A tricky user agreement
The level of trust

I did not dare to open an account here, even a demo. I found several reasons for this for myself. I’ll leave them here, and you decide for yourself whether to trust my review. First, there is no regulator. Secondly, it is written in the user agreement that they can change the size of your deposit and refuse payouts at their discretion. Since there is no regulator, it is useless to sue them. I have never seen such a dangerous company. Think for yourself, but I wouldn’t invest!


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