Expert Option Review: Lets Reveal Is Expert Option App Scam Or Not

Last Updated: March 22nd, 2020
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Expert Option Review: Lets Reveal Is Expert Option App Scam Or Not

Traders need a review to know the broker’s performance before depositing money and this Expert Option Review will give you all information regarding this broker as well as their trading rules and regulations.

Expert Option is a regulated broker started their journey in 2014.

It has 2 offices where one is in “Saint Vincent and the Grenadines” and another one is in “India”.

From then, they earned trust from their clients for their tremendous fair trading policy as well as for their mobile and desktop app including demo account facilities.

Expert Option is an options broker with a resourceful website. You can find all the information from their website without any problem.

We actually divided this Review of Expert Option into many phases.

All phases contain useful information about this broker and their trading platform.

After reading this you will understand why Expert Option is not a scam.

The expert option was founded with a vision. Their vision is to create 100% transparent digital trading experience for its clients.

The mission is –

“To make Trading available for Everybody”

They are providing a user-friendly trading platform with trading education for their customers.

From 2014 till now they have over 9 million traders around the world and more than 30 Million deals executed each month.

You can find the multi-language option in the Expert Option online trading platform.

You can choose your preferred language from the language list.

Warning: Country Restriction (Do Not Accept Traders)

Warning: Please note that the Expert Option Broker does not accept traders from the following countries – USA, Canada, North Korea, European Economic Area, Switzerland, Israel, Australia, New Zealand, Sudan, Puerto Rico.

Expert Option Review

High Capital Risk Is Involved In Financial Trading

Expert Option is owned and operated by Expert Option LTD. It is a multi-award winning licensed broker, which is renowned all over the world.

It owned Best Trading Platform award at China Trading Expo Shenzhen, 6-7 May 2017. Expert Option is based in Saint Vincent and the Grenadines. The company address is 1510, Kingstown, Suite 305, Griffith Corporate Center.

Moreover, Expert Option is also working very actively in India and even they have an office in Maharashtra for direct support. It is authorized and regulated by the VFSC government financial commission.

The registration number is 22863 IBC 2015. All the activity is approved and supervised by the Financial Market Relations Regulations Centre or FMRRC organization.

In this review of Expert Option, we try to cover all types of key features of this online trading platform.

We will discuss the Expert Option app for desktop and mobile trading, their demo account, bonus, trading strategies, the education material that they are providing and so many things.

In the last part, from our analysis and research, we’ll also give our opinion about “Is Expert Option Scam or Not”.

This is important to know the methods of depositing and withdrawal money.

Traders will find an overview of different trading tools and their usage. For traders, Expert Option is offering a different trading account with some unique features.

We cover up those features in this authentic research. With the help of Expert Option, traders can trade in the weekdays and even during the weekend.

This is the fastest trading platform using modern technologies. There are few features, which will help traders to more focus on the trading platform.

Why Expert Option? – Features

While checking on Expert Option, we have found some unique and special features of it.

We think a new trader should check these before making his mind regarding choosing a broker.

These features are enlisted below.

Let us check those –

  • Regulated and Trusted broker
  • $10,000 Demo account facility
  • Minimum deposit $50
  • Minimum investment $1
  • Minimum withdraw $10
  • Up to 95% Payout
  • Social trading facility
  • 5 Account Types (Basic, Silver, Gold, Platinum, Exclusive)
  • Trading assets over 100 (Currencies, Stocks, Cryptocurrencies, Commodities)
  • Live chat support
  • A wide range of Technical analysis tools (4 chart types, 8 indicators, trend lines)
  • Mobile App (Android and iOS)
  • Application for Desktop (Windows and macOS)
  • Expert Option web-based platform
  • Dedicated customer service
  • Real-time data
  • Available education material
  • Personal manager
  • More than 20 payment methods

Expert Option Login and Signup Process

The login and sign-up process in Expert Option are really very easy and convenient.

You can easily sign up your account by simply giving e-mail address and password.

You can even open your account by using your Facebook account as well as Google Plus account.

In the demo account opening, you do not need to give any login information.

You have to deposit a minimum amount $50 to start real trading.

High Capital Risk Is Involved In Financial Trading

Expert Option Bonus

At the very beginning, an expert option gives bonuses on the base of the deposit amount.

There was a bonus option for traders when they deposit the amount to their trading account.

Simply you had to select the bonus option from the list.

The bonus was depended on the deposit amount.

Unfortunately, Expert Option does not provide any bonus at this moment.

Expert Option Demo Trading

Expert Option Demo - Binoption

The expert option is providing facility to their traders by giving demo account facilities.

Expert Option Demo Account is perfect for both novice and expert traders.

For review purpose, we executed few trades with the demo account and applied our different trading strategies.

The demo trading account is applicable mostly for new traders.

New traders can apply all their trading strategies through practice account.

They even practice their trading education through demo account.

Traders do not need to give any personal information even not the email address to open a demo account with this broker.

The demo account facility is almost similar to their real account.

After opening a demo, you will get a virtual amount of $10,000.

Traders do not have a risk to lose the amount.

The best part of the demo account is that you can get all the prices of the trading instruments the same as the real account.

High Capital Risk Is Involved In Financial Trading

Expert Option Trading Online – Platform Overview

Expert Option Trading Online - Binoption

Both demo and real account trading platforms are same in Expert Option.

Their web-based trading platform is user-friendly.

The web-based trading platform is also known as the online trading platform.

You do not need to be a professional trader to use their trading platform.

After entering into the platform, you will get tradable assets option top of this platform.

There are more than 100’s of assets for currencies, stocks, cryptocurrencies, and commodities to perform the trade.

You can set your expiration trading time frame before executing your trade.

The expiration time is based on the trading asset’s volatility.

You will get different platform toolbars in the trading platform.

There are 15 different languages which will help traders to set depends on their trading country.

Traders can easily trade depending on the trading news from the platform.

In the analytics part, you will get all trading news.

In the education part, you will find different trading related videos, glossary, technical analysis, graphical analysis, the psychology of trading, trading strategies and fundamental analysis.

You can easily download your mobile application and desktop application from this web platform.

From the Finance section, you can choose your trading account types and deposit option.

In the deals bar, you can see your recent trading deals.

Set your trading trends according to the market analysis.

There is a EO. Finance Option, which is actually a crypto wallet.

By the help of this wallet, you can store your cryptocurrencies and use it for all your transactions.

From the social trading bar, you can detect all social traders who are involving with the trading.

You can see total active traders, opened volume and opened deals.

You can choose the layout among three, which is the best match with you.

You have the facility of the live chat support in the trading platform.

In the trading platform, you will get the profile option.

In the profile option, all personal information will be there.

You will find your asset chart, a trade journal, trading volume from the profile section.

Here you can find a difference with the demo account.

In the real account, you will find all these information but in a demo account, you only can able to see your trade journal.

Expert Option App

This part is all about the Expert Option App Review.

The expert option has offered an application for both mobile device and desktop trading device.

If you want, then you can trade through the web-based platform without downloading anything.

Expert Option Desktop Trading App:
Expert Option Desktop App

You can download a trading application for your desktop.

Desktop application supports both Windows and MacOS.

For the market analysis, Expert Option desktop app is the best option.

You’ll get various customizable analytical tools to analyze the market.

Rather than the web-based platform, for few traders, the downloadable platform is more efficient.

Desktop platform leads you to the highest performance.

It is fast and efficient in any device.

You can instantly access the trading platform.

Moreover, traders can directly be sent the order into the Expert Option servers.

Trade will be executed much more efficiently.

Expert Option Mobile Trading App:
Expert Option Mobile App

Mobile app trading is also helpful for traders.

The mobile application is mainly for those traders who are always busy to visit different countries.

This is the Top Finance App in 47 countries.

Executing via a mobile app is much easier for them.

They do not need to carry their whole trading setup with them.

Either you can download it on your mobile device or you can trade directly from the website.

Traders can download the mobile app from both the App Store and Google playstore.

The Expert Option Mobile App is popular among traders.

There are almost over 1 Million installs.

The mobile app is a full-featured trading app like desktop one.

With the help of mobile trading, you can also able to see your trading history, able to deposit on your trading account.

From the setting option of the Expert Option Mobile App, you can set your trading language according to your county.

There are 26 languages available for mobile app traders.

Social Trading

Expert Option Social Trading

In this portion of the broker review, I will explain how social trading works on the Expert Option platform.

Expert Option is the leading Social trading network.

You can enjoy social trading in their both trading account either this demo or real account.

You will able to trade with your investors and also with your friends.

Traders can see those traders who are placing or opening the trade position in the real-time and perform trading.

You can see all open trades in real time, profit and losses.

It will give you an idea of recent trade trends.

It helps you to take better buy and sell decisions.

Social trading is helpful for traders to follow expert traders.

You can follow VIP traders and trading strategies.

In the sentiment analysis of other traders, you can have a clear idea which asset you wanted to trade.

You can compare your decision with their decision before opening your own deal.

You can see all closed trade along with the expiration time.

On each expiration time, you will see those traders who earned the highest profits.

The expatriation time depends on the trading asset.

In the trading platform after clicking the social trading toolbar, you can see all traders’ activities who are from different country and from different time zone.

You will see profit and the loss.

If any trader takes your attention, simply click on the avatar or profile picture to know the details.

High Capital Risk Is Involved In Financial Trading


EO. Finance is the Cryptocurrency wallet operated by Expert Option. In this platform, the Block-chain operation and Fiat currency are working together.

You can use this Crypto wallet in your desktop, your mobile device and use from your online platform.

There are over 40 currencies in both block-chain and fiat. EO.Finance support more than 20 cryptocurrencies and allow instant transaction through a web, mobile, and desktop application.

The wallet will allow fiat to the crypto transaction. You can create more than fifty accounts for different countries. To open an account, you have to register on their website.

You can use this wallet for holding and storing your cryptos. Furthermore, you can deposit money in your account, you can exchange in any currency and you can easily transfer your funds.

The wallet can be used to buy, store, exchange, and pay with both crypto and fiat currency.


EO.Trade is a crypto exchange platform operated by Expert Option. The platform motto is to create the fastest and strongest crypto exchange from their crypto traders.

The trading platform is user-friendly and full of advanced trading graphs.

EO Coin holders can pay 50% lower commissions on transaction fees with the EO coin using this platform.

EO.Trade will offer the fastest KYC and withdrawal process in the current markets.

The expert option team use the most powerful engine among all crypto exchange. It is also surrounded by multiple platforms including a trading platform, wallet, and an advanced news portal. No delay in placing an order.

The EO.Trade crypto exchange will be designed as a native app for iOS and Android


EO.News is a platform from where traders can get information regarding up to date trading market analysis, market news, quotes, and different financial data, tools.

Traders will get accurate Technical analysis which is provided by financial experts.

Traders from any country can view the news portal. Both EO and Non-EO Users can access in this portal without any cost.

The vision is to become one of the most trusted sources of market news in the world.


The EO coin is a utility token built on the Ethereum blockchain by Expert Option’s team.

You can use this coin in three platforms including EO.Finace wallet, EO.Trade and to power token-based accounts.

You can avail 50% discounts on transaction fees by using this coin from EO.Finance wallet on the EO.Trade crypto exchange.

High Capital Risk Is Involved In Financial Trading

Leader Board

Expert Option Leaderboard

In the leader board list, you will find top traders who are ranked according to their trading volume.

You can find your own position compared to the other traders in the leaderboard. You will find traders with their name, country and with the trading volume.

These traders are from all over the world.

Expert Option Trading Account Types

Expert Option Account Types - Binoption

Expert Option is offering five types of trading accounts for different types of traders. Each trading account contains different features.

Traders choose to account on the basis of the trading skill, trading amount, and sometimes the investment capacity. For each account, traders will enjoy the education part to know more about the trading method and trading asset.

Some benefits of the account types are activated manually after the client’s request by email. As we mentioned there are five types of accounts and these are –

Those traders who actually prefer a little investment, for them, this is the perfect account type.

The minimum deposit amount is $50.

You can make yourself prepare for the long move with this trading account.

Traders can open the highest 10 trades simultaneously.

Maximum trade deal amount is $25 and you can start with the minimum amount of $1.

Trade deal amount is actually the investment amount.

The minimum amount for silver account traders is starting from $500.

Traders can enjoy the facility of a personal manager.

You can open the maximum 15 trade positions at the same time. The maximum deal amount is $250.

Traders will get daily market reviews and financial research. As per their claim, the majority of their clients start with the Silver account.

Minimum deposit amount is $2500 for Gold account traders.

Personal account manager facility is also available for Gold traders.

With the help of daily market reviews and financial research, he or she will know the trading trend.

The trader will enjoy the privileged features through this account.

Expert Option team think that smart investment starts with Gold account.

Up to 30 simultaneous trades can be open by the traders.

The maximum deal amount is $1000 and asset profit increased up to 2%. Priority withdrawal is available in this account.

Platinum account features are mainly for serious investors.

The minimum deposit amount starts from $5000.

Account manager available in this trading account.

Traders will enjoy the daily market news facilities. Priority withdrawal is available.

There is no limit in opening trade position. Y

ou can open as much as you want at the same time. The maximum deal amount is $2000 and asset profit increased up to 4%.

The exclusive trading account is mainly customized trading account type. You have to contact with your account manager for additional account information.

There is no minimum deposit amount for this account. You will get the facilities of news trading, priority withdrawal as like other trading account types.

You have access to trading strategies. No limit in opening trading position at the same time.

The maximum deal amount is $5000. Asset profit increased up to 6%.

High Capital Risk Is Involved In Financial Trading

Trading Education

In the education portion, you will find the guideline how to execute trade and guideline of all charts, assets and other portion of the trading platform.

I will describe all the trading materials, tools and other sources of the Expert Option trading platform.


In The glossary part, the trader will find the keywords, which are important while trading different instruments.

All keywords are based on trading education.

Technical Analysis:

Technical analysis is a method, how traders predict the future price movement based on past price history. To trade the trading assets successfully, you need to predict the price movement.

There are few tools that are important to use in the technical analysis. Price movement has its own direction, which is known as Trend. The price movement depends on the duration and movement direction.

You will find the details on the education part (Technical Analysis > Trend, support and Resistance Line). Besides the trend line, there is a Strength level. Strength level indicates when the price movement will stop or change its direction.

We collected these lines from their website.

Resistance Trend Line
It is a price level, which is prevented from increasing by the market participants. Simply put, if this level is reached then everybody starts selling.
Support Trend Line
It is the price level, which is prevented from decreasing by the market participants. Similarly, if this level is reached then everybody starts buying.

A technical indicator is used for analyzing the price chart and to forecast the future price movement.

“The Moving Average” is a line indicator which let you see average value for a specified interval directly on the price chart.” This is the simplest indicator among all technical indicators.

“The Alligator” indicator is the most interesting indicator. This indicator is based on three moving average. You can trade when the Alligator is opening its mouth but no trade while Alligator is sleeping.

“The Bollinger Band” is a chart indicator composed of a central line and two other lines lay on both sides of a price chart.

The indicator is simple and based on the moving average principles.

There are two lines and between these lines, the price spends about 95% of its time.

After using this indicator properly in an experienced way, you will able to interpret the trading signals easier and better.

Graphical Analysis:

The graphical analysis will help you to indicate the price movement.

There are few analysis patterns such as –

  • Candlestick analysis
  • Trend Continuation Patterns
  • Trend Reversal Patterns
  • Fibonacci Retracement and Elliot Waves

You will find the details of each analysis in the Graphical analysis section.

Fundamental Analysis:

The technical analysis only shows you the movement of the price based on the market situation and showed by the help of different graphs and patterns.

Therefore, Fundamental analysis helps us to know the price movement after reaching a key level.

This is an estimation of the current economic situation of a particular company.

You can predict the price of the future of a particular asset.

It will help you not to trade with an unprofitable asset.

Expert Option Psychology of Trading:

The sentiment analysis is one of the major analyses of trading.

Traders need to find out the psychology of the trader.

Some traders prefer to buy an asset when the price is low or the market is in Bull position.

Some traders are careless because of their greed. Few traders follow the crowd.

The trading psychology is mainly applicable when the traders want to sell the asset or buy the asset.

Here, trader’s emotion also plays a vital role.

When the traders deposit a certain amount in her or his account, in that time emotion directly affects.

If you have self-confident, then this will help you to win the trade.

Trading rules are very important.

This is necessary to keep a diary where you will record all your trading rules and strategies.

Expert Option Strategies

There are lots of trading strategies to make a profit in the trading market. To be a successful trader, you need to use a few trading methods while trading.

You can follow other successful trader’s strategies or you can apply your one. I especially prefer to use own trading strategy.

This is not necessary that other person’s trading strategy will work for you. All trading strategies are based on different signals depending on the chosen analysis methods.

In the part of the strategies, you will find a few details method. You do not need to study a lot to find out the right strategy.

You can use a demo account to find which strategy will work for you.

We are here putting a few names of trading strategies.

 Engulfing Candlestick Strategy
 Squat Candlestick Strategy
 Tweezers Strategy
 Three Methods Strategy
 Breakout Strategy

Reversal Strategy
 Moving Average Strategy
 Bollinger Band Strategy
 Alligator Trending Strategy

Strategy depends on both news and asset management.

The news trading depends on the market news.

Sometimes the market gets volatile after publication trading news.

The news trading is a risky strategy but you can earn a good profit.

You can lose your assets as well.

You have to accept the fixed loss if you except fixed profit.

High Capital Risk Is Involved In Financial Trading

Expert Option Trading Platform Toolbar

Expert Option Platform Toolbar

You will get toolbar in Expert Option platform. There are charts, graphs, and drawings.

There are few chart types. These are –

  • Area
  • Bars
  • Line
  • Candles

For candles and bars, you can select the time frame. Others chart types have no option of time frame.

The time frame starts from 5 seconds to 60 seconds.

There are few indicators which will help traders during the trading time. These indicators are –

  • Moving average
  • Bollinger bands
  • Alligator
  • Parabolic SAR
  • Fractal
  • RSI
  • Awesome oscillator
  • MACD

You can set each indicator combined with period, colors, types and so on.

These indicators will help the technical analysis to predict the market.

To add an indicator just click on it, choose the setting and apply.

In Moving Average indicators you will find period, color, type, and width.

Bollinger Bands indicator shows in the trading platform with two lines.

The main settings are a combination of top and middle line color, width, and top line period with deviation.

Alligator indicators will come up with 3 parts. Jaws, teeth, and lips. Each part is combined with the trading period, width, shift, and color.

In Parabolic SAR indicator, the trader will find acceleration, maximum acceleration, and the color.

RSI indicator has 2 main parts, one is oversold and other is overbought. You can fix the percentage of sold and buy from 1% to 100%.

In MACD you have to indicate the fast period time, slow period time as well as signal period time.

Drawings can be used to draw the support and resistance line.

To add the drawings in your trading window just click the drawing model, choose the color and thickness then apply.

You can drag the line to adjust its position.

If you want to delete or remove the drawing and indicators, go to the toolbar and select a current option then remove it.

You can see the social traders by clicking into the social trading button.

If any trader places an order you can see that in your trading window.

Expert Option Assets

Expert Option Assets

In Expert Option, you will find more than 100 types of trading instruments or assets.

In this part, I will discuss the asset part of this broker.

There are 4 types of trade-able assets –

  • Currencies
  • Cryptocurrency
  • Commodities
  • Stocks 

You can view all assets from the asset bar or if you know which assets you want to trade, simply write the assets name in the search bar.

The sides bar shows you the expiration time of each asset.

It will vary asset to asset.

You need to choose the time to open the deal or execute the trade.

Currencies have shorter expiration where stocks have a longer expiration.

Currencies are traded into a pair.

You will get major, minor and exotic currency pairs.

In cryptocurrency including Bitcoin, there are more than 10 cryptos.

The most volatile assets on their platform are Bitcoin, Ethereum, and Litecoin.

Commodities are including precious metal and energies like Gold and oil.

In stocks, you can find international brands like Apple and Disney.

Trading Hours

Trading is available for 24/7.

However, the market is separated based on different trading session, based on four Geographic regions.

These are –


Depending on the trading session different trading markets open and also trading instruments tend to be more active.

You have to keep your mind the local time zone and your trading time zone.

High Capital Risk Is Involved In Financial Trading

Expert Option Deposit Method

Expert Option Minimum Deposit

To deposit the amount you have to open a real account.

The minimum deposit for Expert Option is $50.

In this part, I will describe the amount of the funding method.

Before the start, choose the amount what you will see on the screen or you can put your own deposit amount.

Don’t forget to select the account type.

After selecting the favorable account type, choose the payment method.

Expert Option is accepting Visa/Master Card, payment through Crypto, Wire transfer, and e-payment.

Choose the payment amount as well as the currency type.

After your first deposit, you will not able to change the currency type.

After putting the valid card number you can complete your payment or deposit process.

If your payment shows invalid, don’t panic.

It will not charge any amount after showing invalid payment option.

All the data is encrypted, private and never stored in their server.

Expert Option is regulated by VFSC and FMRRC. This regulation ensures you the security of all stages of your process.

Expert Option Withdrawal Method

Expert Option Withdrawal

As per the Expert Option rule, you have to withdraw your money with the same card which was present at the deposit time and only in the amount of the deposit made via this card.

Other funds you can withdraw using other methods.

To withdraw money traders need to send withdrawal request.

You can withdraw any amount but the minimum withdrawal amount is $10.

Expert Option allows bank transfer, Visa/MasterCard, Bitcoin, Skrill, Neteller, Webmoney, Yandex, Money, Qiwi.

It will take at least one working day to proceed with the request.

They do not take any fees for withdrawing the amount from the trader’s account.

The commission will be charged by a payment system for the processing of the transaction.

Expert Option Customer Support

You will get dedicated customer support team in the Expert Option Platform.

This team will be there for every trader to solve their problems.

Each client will get the same benefits from the support team.

They have an online chat option or live chat which is open 24/7.

You can even reach them with the help of their official e-mail address.

More than 100 account managers are focused on the need of their clients.

Is Expert Option Scam or not?

Expert Option Scam

The key question of every client is Expert Option trusted or Expert Option is a scam.

After research, we found that this is the most reliable broker platform for options traders.

Expert Option keeps their trader’s all transaction information encrypted and safe and does not store personal information into their server.

This is safe because the transaction process is SSL encrypted and PCI DSS compliant.

Visa and MasterCard verify the credit card transactions.

All data is encrypted with the strongest cryptographic algorithms.

Real-time market data is provided by leading analytical agencies.

Traders can withdraw their money as per the broker’s promising time.

Different withdrawal method has a different time frame.

As per the research, we could not able to find any authentic complaint on this broker.

Their focus is to satisfy their clients and fulfill their client’s needs.

The trading platform is so easy to use that you do not need to be a professional trader.

Everyone can be a trader.

They feel proud that they are able to make many customers profitable.

They provide the fastest trading using cutting-edge technologies.

No delays in order executions and lags in the user interface.


We rarely found some drawbacks regarding this broker.

We know many traders will agree with me that, every broker have some drawbacks.

No one is perfect in this trading world not even you and not even the topmost brokers.

They don’t have a longer expiration time for their assets compared to other brokers.

They could have added more options in the expiry time.

This is necessary for them to start again the deposit bonus option to attract new traders.

In their website, you will not find detailed information about their regulation.

We think they need to work on this.

Final Words

In this review, I tried to show up with all types of information about the Expert Option broker.

There is no doubt that, the broker platform is the best option for new traders who trade with a very small amount.

The customer support team is dedicated which I liked the most.

Expert Option designed their website with different language features for their traders.

They could improve the platform by adding more trading options as well as resourceful information.

This is also important to look after the European regulation.

I am encouraging you to research on your own.

Compare with other brokers as well, however, you will find this broker amazing at the very last.

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