Is ExpertOption Scam or Legit Broker?

ExpertOption has been suspected as a scam broker. It is an offshore registered entity with no proper regulation. In addition, there are negative reviews mostly about payouts once the trading amounts are increased. However, since the company is not registered in the EU it does not provide or target clients from the jurisdiction, therefore didn’t receive any official claims or warnings.


About Expert Option
🗺️ Registered inSt. Vincent and the Grenadine
🗺️ Type of LicenseOffshore License
🛡️ Is Expert Option safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is ExpertOption?

ExpertOption claims to be the leader in the online trading industry through its offering to trade binary options with a trust of more than 8 000 000 clients at their background.  This broker has been around since 2014 and has over 55 million accounts opened since. As it is an international platform, the website is available in 15 different languages. Expert Option offers a wide range of assets to trade including stocks, forex, commodities, and cryptocurrency.

  • ExpertOption is owned by EOLabs LLC., which is an offshore company registered in St. Vincent and the Grenadine. The fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements for the company operation. That means, the broker is not regulated, not overseen, and does not comply with strict international rules that provide protective measures to the traders.
  • The broker also claims to hold the activity with supervision by the FMRRC organization (Financial Market Relation Regulation Center). Although FMRRC is an independent self-regulatory agency that was created to provide a level of regulation for derivative dealers and brokers it has no connection with the Central Bank of Russia, the official regulatory body in Russia, and has very few legal powers in regard to regulating FMRRC regulated brokers.
  • The markets, which are targeted by the broker include those who mainly work with initially low deposits since the company limits deposits to a maximum of $3,000. The potential clients include Russian ones, as the website also uses the .ru domain, and the Indian region clients since the customer services also include Hindi-speaking support.

Expert Option Review

Overall ExpertOption Ranking 

As our research showed multiple issues in respect of regulation and reliability, we do not rank positively ExpertOption, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • ExpertOption Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

RankingExpertOptionIC MarketsBlackBull Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes

ExpertOption Alternative Brokers

Based on the ExpertOption safety issues we found during our research, we suggest much better Alternatives to ExpertOption with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below: 

ExpertOption in India

Expert Option is legal in India (Find out top forex brokers in India). There is no mention of any possible legal issues between Indian traders and the broker.

ExpertOption in the USA

The company doesn't provide services to citizens and residents of the USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, North Korea, Puerto Rico, Singapore, Bangladesh, Indonesia, Russia, Iran, and Yemen.

Deposit & Withdrawal

ExpertOption has a minimum deposit of just $10 on their Micro account. This type of account is usually used for beginners traders. The minimum investment amount on the platform is as low as $1.

  • ExpertOption offers many different payment methods including all major credit cards (including Visa and Mastercard), cryptocurrency, and most major e-wallets including UnionPay, WebMoney, Skrill, Neteller, Perfect Money, Yandex Money, Fasapay, and QIWI.
  • The minimum withdrawal amount on the platform is also quite low, only 10 USD. The broker usually processes the withdrawals within 2 business days. To withdraw money, ExpertOption offers the same payment methods that are used for deposits such as credit cards, E-Wallets, cryptocurrency, etc.


The ExpertOption platform is accessible via mobile and desktop apps. Its mobile app is available on iOS and Android and can be downloaded at the Google Play Store or Apple Store. The desktop app is compatible with Windows or Mac.   

Demo Account

ExpertOption offers traders the opportunity to practice strategies and become familiar with the platform with their demo account option. Traders can use this demo account with a balance of $10 000 virtual money in order to be able to evaluate the benefits of the trading platform.

ExpertOption Review Conclusion

As we have concluded from our research ExpertOption is not a good choice for conducting trades due to its unregulated services and the high-risk operation which targets numerous clients. Dealing with an offshore broker most often results in becoming a victim of scams. 

Therefore, it is better to choose among the brokers that are complied with the industry-leading authorities and governmental entities that are backed with customer protection and the provision of legitimate financial services. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and choose brokers such as Pepperstone and TMGM.

  • Overall ranking and experience for ExpertOption is Negative
Phan From Thailand | | Monday, December 18, 2023

ผมเริ่มใช้งาน ExpertOption มาประมาณหนึ่งปีแล้ว ตั้งแต่เริ่มต้นก็รู้สึกประทับใจกับหน้าตาแอปที่ดูทันสมัย ใช้งานง่าย และมีความหลากหลายของสินทรัพย์ให้เลือกเทรด ไม่ว่าจะเป็นหุ้น, สกุลเงิน, หรือแม้แต่สินค้าโภคภัณฑ์ ผมเริ่มจากการฝึกซ้อมกับบัญชี demo และพอมั่นใจก็เริ่มลงทุนจริง ปรากฏว่าช่วงแรกๆ ผมทำกำไรได้ดีเกินคาดจากการเทรดทองคำและน้ำมัน แต่ก็ไม่ใช่ว่าจะราบรื่นตลอดไป มีครั้งหนึ่งที่ผมพบปัญหาเรื่องการถอนเงิน ติดต่อทีม support แล้วต้องรอนานกว่าจะได้คำตอบ แม้ว่าสุดท้ายแล้วปัญหาจะได้รับการแก้ไข แต่ก็อยากให้ทีมงานปรับปรุงเรื่องนี้ให้ดีขึ้น นอกจากนั้น ผมยังสนใจการแข่งขันที่มีรางวัลจาก ExpertOption ซึ่งเพิ่มความตื่นเต้นให้กับการเทรด และเป็นโอกาสที่ดีในการทดลองกลยุทธ์ใหม่ๆ โดยรวมแล้ว ผมพอใจกับประสบการณ์ที่ได้จาก ExpertOption แต่ก็ยังหวังว่าจะเห็นการปรับปรุงในเรื่องของการบริการลูกค้าต่อไป

No news available.

82 responses to “ExpertOption”

  1. There are only good impressions about Expertoption. Here are the best trading developments in the markets, high quality in terms of service and favorable trading conditions. Very rarely there are minor platform glitches and payout delays. In general, the structure is worthy of attention, there are free consultations, training, an affiliate program and high security. This is a progressive office, with accurate execution of transactions and serious support for beginners.

  2. Yes, the broker really turned out to be very good. The check went quickly, there were no problems, the support helped quite a lot

  3. Expertoption I’m quite happy with. Everything works quite well, and the profit is in full order. I was quite satisfied with it.

  4. Hello, not so long ago I started making money on binary options. For a long time I was looking for a broker who would not throw money. I found it in the person of ExpertOption. The only caveat – register immediately in your real name.

  5. Hello everyone, I found an honest broker. I do not trade myself – I judge only by the results of the affiliate program. Usually, scammers pay for the deposit replenishment and its debiting. This one pays for the volume of the transaction and the profit, that is, it is not aimed at undressing gullible suckers. I make less money there, of course, than on all sorts of scams, but my conscience is completely clear. Perhaps someone was looking for a normal broker for BO-try Expertoption.

  6. In general, it is a very decent platform, but at first I was confused by the fact that the money is not immediately credited to the account. The administration said that the transfer takes about two working days, which in fact was the case. By the way, in comparison with other sites – there is no intrusiveness on the part of the management and constant calls, which is cool.

  7. In principle, the broker is happy. I’ve been working with it myself for quite a long time, and I haven’t noticed any problems with either the withdrawal or the percentages.

  8. On work option proved realistically one of the best. At least, I have already worked with different companies in this industry, and this broker is now considered the most reliable to work with.

  9. I was really happy with this company. While the profit is really at the level, and I was able to earn quite well, as for me.

  10. Quite a pleasant company to work with. I received the promised percentage of income, and there were no special problems in the process of working. So far, the broker is fine with me.

  11. Expertoption gives great opportunities to traders, the platform is really easy to work with, so there are no complaints!

  12. The broker is quite good. At least, I had to work with different brokers, but for now it was most convenient to work with this broker. I’m happy with it.

  13. Hello, not so long ago I started making money on binary options. For a long time I was looking for a broker who will not throw money. Found it in the person of ExpertOption.

  14. Me alegré de que, de todos modos, en ExpertOption brinden la oportunidad de ganar dinero. Retiraron el dinero y, al parecer, no tocaron los intereses. En principio, el corredor funciona bastante bien, como para mí.

  15. Zumindest arbeite ich seit geraumer Zeit mit Expert Option und bin mit den Ergebnissen bisher in jeder Hinsicht zufrieden.

  16. Je crois ExpertOption, car ils vous donnent de l’argent sans problème. Tout est juste. Pas de tricherie. Retirez de l’argent sans aucun problème.

  17. Normal Expertoption for a profitable job as for me. Almost all transactions were a plus, so I cannot particularly favor

  18. ¡Las ganancias se adaptan bastante a la plataforma expertoption! ¡Y lo principal que tienen estos tipos es la estabilidad!

  19. Bien que je travaille il n’y a pas si longtemps, cela m’a impressionné. ExpertOption est construit sur une plate-forme très pratique, qui est également disponible même pour les appareils mobiles.

  20. Una cosa che posso dire è che expertoption.com rispetta le sue condizioni e che la cosa più importante era non concludere

  21. Das einzige, was ich über expertoption sagen kann, ist, dass es alles für seine Kunden tut, damit sie gutes Geld verdienen können.

  22. Une plate-forme pratique sur expertoption et il est vraiment très confortable d’échanger dessus et d’obtenir votre argent.

  23. J’ai beaucoup entendu parler de expertoption.com, mais d’une manière ou d’une autre, il hésitait à commencer à travailler avec. J’ai quand même décidé d’essayer de travailler avec elle, le résultat est bon.

  24. Expertoption riceve informazioni sui prezzi attuali dalle maggiori banche del mondo e, utilizzando uno speciale algoritmo, determina il prezzo migliore al momento

  25. Expertoption zieht Beträge von 10 US-Dollar ab. Es werden keine Gebühren erhoben. Beachten Sie jedoch, dass einige Zahlungssysteme möglicherweise selbst Gebühren erheben.

  26. An excellent expertoption platform, a good percentage and payments are made clearly and on time. I’m happy with everything.

  27. I would like to recommend trading expertoption for making money online, payments come on time, and support is excellent, so if you are good at trading, you can safely switch to this platform

  28. Expert Option for a short period of presence on the market has gained popularity among traders due to its advantages.

  29. La información de capacitación en el sitio web ExpertOption de la compañía es bastante limitada, ya que no hay análisis serios o un centro de capacitación importante.

  30. Several types of accounts are available on the ExpertOption website of the trading platform, depending on the amount of deposit

  31. Trading ExpertOption est bon, maintenant je retire pour 500-700 dollars, cela me suffit et personne ne retarde le retrait

  32. No aconsejo trabajar con ExpertOption en ningún caso. No ganará nada aquí, pero solo perderá dinero y tiempo. Los pagos no se realizan aquí, sino solo por la nariz que conducen, y luego eliminan la cuenta.

  33. As for me, this broker turned out to be very convenient and profitable in terms of work.
    I consider this option the most convenient and profitable in terms of work.

  34. À propos de la plate-forme sur expertoption.com Les analyses de traders se résument à une chose: la plate-forme est presque parfaite pour la pratique.

  35. As for me, this broker turned out to be excellent out of all the options for work now.
    At work, he seemed to me the most reliable.

  36. ExpertOption-Kunden mit geringen oder keinen Vorkenntnissen im Handel mit binären Optionen können möglicherweise verschiedene Handelsstrategien anwenden, ohne Verluste befürchten zu müssen.

  37. Miðað við þarfir notenda sem eru í faraldri býður ExpertOption einnig upp á farsímaviðskiptaforrit, sem er fáanlegt á Google Play og Apple app versluninni.

  38. I believe that now it’s really beneficial to use this broker for work.
    At least I am satisfied with the working conditions in all respects.

  39. ExpertOption-plattformen tilbyr sine kunder flere lønnsomme alternativer som vil gjøre handel så praktisk og lønnsomt som mulig.

  40. I consider this broker the most reliable in terms of work.
    During the work with him, the reviews are only positive.

  41. ExpertOption carries out commercial activities in many countries of the world, providing customers with the opportunity to effectively earn money from trading binary contracts.

  42. I believe that now it is really very beneficial to work with this broker.
    So far, in terms of work, I consider this option the best.

  43. Na pewno warto współpracować z ExpertOption, to zdecydowanie! Najważniejsze, że płatności są wydawane w liniach i bezzwłocznie.

  44. Expert Option ist eines der aktivsten und fortschrittlichsten Unternehmen auf dem Markt. Wenn Sie mit dem Unternehmen arbeiten, können Sie unabhängig und vor allem kostenlos und ohne langwierige Registrierungen sicherstellen, dass die Plattform einwandfrei funktioniert.

  45. In my opinion, now it is an excellent broker in terms of work. Everything works fine, and most importantly – the profit is in full order. I am quite pleased with him.

  46. While working with this broker. It turned out to be convenient and profitable to work – I am quite pleased with it.

  47. So far, I consider this broker to be the most convenient and profitable. As for me, in terms of work this is a great option.

  48. Věřím, že nyní je možné s ExpertOption vydělávat slušné peníze, a práce s ním se ukázala jako docela pohodlná, jako pro mě.

  49. I decided to choose this broker for work.
    It seemed to me the most reliable, and most importantly – it turned out to earn great money.

  50. So far, of all the options for work, I decided to choose this particular broker. At least the conditions seemed excellent to me.

  51. As for me, now it’s really profitable to work with this broker.
    In my opinion, while this is really a great option.

  52. Nagyszerű társaság. Egy ideje kellett együtt dolgoznom a expertoption.com-lal, nagyon elégedett vagyok az eredményekkel. Véleményem szerint a profit jó.

  53. I have been working with this broker for quite some time.
    In my opinion, now in terms of work this is really a great option.

  54. As for me, for work it’s just a great option. At least, the profit is at the level, and there are no questions regarding the withdrawal.

  55. Alta funcionalidad Sobre la plataforma en expertoption.com, las reseñas de los operadores se reducen a una cosa: la plataforma es casi perfecta para practicar.

  56. ExpertOption ha un account demo che ti consente di imparare come fare trading e ottenere il massimo dal tuo trading.

  57. La fonctionnalité de négociation sociale d’Expertoption permet aux traders de surveiller les transactions et de suivre les marchés à travers le monde.

  58. CommeTatsächlich war die Expertenoption zufrieden. Im Prinzip ist das Einkommen ganz normal. Wenn Sie wissen, wie man normal handelt, können Sie ein ausgezeichnetes Einkommen erzielen.nt Area

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