Wanna see if Expert Option is a legit broker? Is it safe to trade? The spread is high or low? How to deposit or withdraw?

We provide answers to all the questions in this Expert Option Review.

We checked Expert Option licenses and regulation status to see if Expert Option scam or safe. Compared Expert Option fees like spread & commission from its live account to other 150 brokers. Also the time for deposit & withdrawal and many more findings in this Review.

What is Expert Option

Expert Option is online trading platform operating globally and established in 2014.

Expert Option focus its proposal for beginning traders and traders from various regions worldwide since the company is not regulated by the top-tier financial authorities and based in the offshore SVG (Saint Vincent and the Grenadines).  

Expert Option Highlights

πŸ—ΊοΈ Regulated inSaint Vincent and the Grenadines (SVG)
πŸ›‘οΈ Is Expert Option safe to tradeNo
πŸ’΅ EUR/USD spreadCommission basis
🏦 Deposit
Cards, Qiwi, UnionPay, Skrill, Neteller, Yandex Money
πŸ’° Minimum depositUS$10
🏦 Withdrawal
Cards, Qiwi, UnionPay, Skrill, Neteller, Yandex Money
πŸ’» Trading platformProprietary Web, Desktop and Mobile Platform
πŸ’³ Trading marketsForex, CFDs on Cryptocurrency, Shares, Commodities, Indices
πŸ“ˆ Number of product100+
πŸ“‰ Live chat responseRelevant answers


License and regulation are the keys to traders’ fund security. There are two factors to be checked, what licenses the broker has and how trader is protected if something goes wrong.

Is Expert Option legit

Expert Option is based offshore and only has license issued by St. Vincent and the Grenadines. There is no any other entity is regulation from world top-tier authorities.

Expert Option Licenses and Regulatory status

EntityRegistered inRegulatorLicense no.Status
EOLabs LLCSaint Vincent and the Grenadines β€“–Registered no regulations

Is Expert Option safe

No, we consider Expert Option not safe because it is not regulated by the top-tier authorities.

Expert Option has only one entity registered in Saint Vincent and the Grenadines. Even though recently SVG increases registration standard still it is far from serious overseeing of financial trading brokers that can provide transparency and safety.

Expert Option claims its transparency and large audience of traders but nothing is clear due to lack of overseeing, also many traders claims Expert Option Scam.

Expert Option does not provide negative balance protection for traders. Or coverage in case of insolvency.

Expert Option Review – Global reach
Expert Option Review – Global reach

Markets and Products

At Expert Option you can trade assets like Forex, Stocks, Metals, Energies, Cryptocurrencies and Indices traded as Binary Options. Binary Options however very risky instruments not recommended by regulators due to lack of transparency.


Account types

Expert Option offers 6 Accounts – Micro Account, Basic Account, Silver Account, Gold Account, Platinum Account and Exclusive Account.

Depending on the account size bringing extra benefits like priority withdrawals and increase of asset profits, the rest of the trading conditions are the same.


Login Expert Option is simple you can instantly connect to Demo account and by confirmation of your data and deposit switch to Live trading.

There are restricted regions that cant open accounts due to regulation.

Expert Option Review – Account types
Expert Option Review – Account types

Fees and commissions

Fees in Expert Option we couldn’t rank properly since you place strike price for instrument you trade.

Spread for popular instruments we collect for 6 markets and 150 brokers

ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher


Expert Option costs are built into a percentage commission charged on the opened position, you place strike amount under sertain expiration time and can gain up to 95% of the investment amount.

Comparing the spreads derived from Live Account to industry benchmarks, we found the Expert Option commission on Forex quite low, however its commission is not clear and depending on market conditions.

Expert Option Review – Costs
Expert Option Review – Costs

Other Fees

Expert Option has low non-trading fees. Deposits and withdrawals are free of charge.

Trading Conditions

The trading conditions at Expert Option are good, you can deploy any strategy of your choice including hedging and scalping.

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

For hedging, there are no time limitations for keeping open hedging positions.

Scalping is allowed, Expert Advisors (EAs) and VPS is not available since Expert Option uses its own platform.  


There is no restriction on use of specific practice, however, trading binary options means you will trade in a specified timeframe simply betting the amount you choose for price go up or down.  

For Leverage, Expert Option allowing high leverage ratios up to 1:500.


Expert Option claims it has no deposit fees, but payment provider may add on fees which are the responsibility of the trader. You can use Credit or Debit cards, and range of supported electronic wallets including WebMoney and Qiwi wallet.

From the negative points the most secure method bank transfer is not available, seems to be due to lack of regulations and registrations.

Deposit MethodFunding TimeFee
Credit CardInstantFree
Skrill, NetellerInstantFree
Qiwi WalletInstantFree
Yandex MoneyInstantFree
Expert Option Review – Deposit and withdrawal – Withdrawal
Expert Option Review – Deposit and withdrawal – Withdrawal

Minimum Deposit

The Minimum deposit amount is 10$ for Expert Option Micro Account, higher account will demand more money like 50$ for Basic, 500$ for Silver, etc.


Expert Option add no fees for withdrawal similar to deposits and also may pass provider fees to you

Funds are withdrawn using the same methods as deposits and claims withdrawal processing within 5 days as maximum.

Withdrawal MethodWithdrawal TimeFee
Credit Card2 business days0$
Skrill, Neteller2 business days0$
WebMoney2 business days0$
UnionPay2 business days0$
Qiwi Wallet2 business days0$
Yandex Money2 business days0$


There is a welcome Bonus offering 100% for new users to double your account deposit and additional rewards that broker runs.

In fact offshore brokers are usually generous for bonuses using them as a marketing tool.

Expert Option Review - Bonus
Expert Option Review – Bonus

Trading Platform

Expert Option designed its own proprietary software suitable for all devicesincluding Web, Desktop and Mobile App.

From the downsides popular MetaTrader4 is not available.


Android and IOs Mobile App comes with the package and features almost the same trading capabilities as web-platform.

Expert Option Review – Web trading platform
Expert Option Review – Web trading platform

Research and Tools

Expert Option provides a good range of research tools including Economic Calendars, Market Analysis and News Feed.

Range of tools with Sentiments, Trend Indicators, trading tools available via the platform including home-made analysis and research.

From the downslides Fundamental data and industry leading research is not available.

Expert Option Research tools available via:

  • Expert Option trading platform
  • Expert Option Education section
Expert Option Review – Research - Analysis
Expert Option Review – Research – Analysis


Expert Option education section is well organized and informative.

There are trading Articles, demo account, Videos, Analysis, Glossary and Technical, Fundamental Analysis provided.

At Expert Option you can learn though website and platform directly including:

  • Demo account
  • Educational videos
  • Webinars
  • Educational articles and Analysis

Demo Account

Demo Account is provided. The account gives access to 10,000 virtual and has no limits on use.

Expert Option Review – Education
Expert Option Review – Education

Customer Service

Expert Option customer service is supportive, you can cotact support teams 24/7 using different ways, we also got a fast answer via Live Chat.

Expert Option Customer Support is available in various languages:

  • Live chat
  • Telephone
  • Email
Expert Option Review – Live Chat
Expert Option Review – Live Chat

Expert Option Live chat response is fast speed.

Question AskedWe asked about safety of binary options trading.
Time of ReplyWe connect to agent within 2 minutes.
Quality of ReplyThe answer was satisfying for regular knowledge, however referring to number of members and global reach of the broker.  


Expert Option is not a safe broker to trade. There is no license from serious authorities like FCA, ASIC or similar.

Trading conditions offering various bonus programs and various research and education tools attracting beginner.

From the downsides instruments are traded as options and there is no proper safety and transparency which does not let us trust Expert Option.

We do not recommend Expert Option due to lack of regulation. Money safety is always first, it is recommended to choose among well-regulated Brokers like Plus500, FxPro or similar.

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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