Is ExpertOption a Scam?

ExpertOption promises secure trading and offers generous bonuses to new clients. But is this broker legit or is ExpertOption a Scam?

We have made a research of ExpertOption and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.

Since we haven’t gathered enough information yet, we cannot confirm that ExpertOption is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:

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ExpertOption Overview

There are many binary options brokers available on the market which allow us to trade online; all of them providing different trading solutions. Also, as the market is getting more and more crowded, the brokers have to come up with unique features that make them stand out.

ExpertOption is one such broker that claims to have removed all the inconveniences related to the binary options trading including the trading issues that hinder the traders’ profitability, or at least they claim so. The real time traders are yet to provide an unbiased feedback.

Is ExpertOption a Scam or Not?

It is advisable to consider rather a new broker is a scam or not. The majority of the new binary options brokers are involved in fraudulent activities and you should choose very carefully where to open an account. The issue is that the regulatory authorities do not give licenses before these brokers comply to their rules and regulations as well.

So how do we judge? It is clearly by the traders’ vote. When we investigated ExpertOption on the trade forums and on the Internet, we did not find positive feedback about this brokerage company. We believe that most of the investors haven’t tried it yet. This is why it is unclear whether ExpertOption is scam or not. For now we recommend you to choose another approved and trustworthy binary options broker until we can confirm the safety of Expert Option.

Trading Platform

ExpertOption prides itself on its trading platform. It claims that the trader will not have to face all the platform related inconveniences that it has to face with other binary options brokers. How far such claims are true is not proved yet. However, ExpertOption does claim that many experts have been involved in developing this platform, to guarantee that it will run smoothly during all trades. Unfortunately, very few binary investors have traded with this broker so far, since it is operating mainly on the Russian market. We have to wait until more information is available to verify their claims.

expert option platform

Account Types & Bonus Amounts

ExpertOption has kept it simple by offering 4 types of accounts to the traders. These account types are:

  • Mini: The minimum deposit is $50 and you get a 50% bonus with it. You also get 25% deal insurance with it.
  • Silver: Starting from $250, this is the basic account type and you get 75% bonus on your initial investment with it. You get 30% deal insurance and up to 15 simultaneous trading options.
  • Gold: It starts from an initial investment of $1,000 and qualifies you for 100% bonus. You can place trades simultaneously. Keep in mind that if you accept the bonus you will have to meet some special requirements before you withdraw your funds.
  • VIP: Beginning from $2,500, this account type gives you a personalized trading history analysis. Also, 40% of insurance can be claimed on your trades.

ExpertOption allows you to trade in demo accounts for up to $1,000.

Getting Started

  1. Sign Up: Enter your personal details step by step and get started.
  2. Trade: Deposit some funds and start placing trades on the assets provided by the broker’s platform.
  3. Withdrawal: Withdraw by entering the amount that you wish to transfer into your bank account. Simply enter the amount and click “withdraw”. We recommend you to read carefully the Terms and Conditions Section since there may be hidden clauses and taxes.

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Deposit & Withdrawal Procedures

ExpertOption should be following the regulations and therefore all the deposits and withdrawals have to follow the same procedure. But there is no information about this on their website. For deposits, you will have to verify your details by posting a scanned copy of your utility bills and sharing your identity proof by posting some authentication card/s where it is available.

ExpertOption accepts deposits and withdrawals via e-wallets like Skrill, Neteller, Webmoney and Visa and Master Cards. You can also transfer funds via direct bank wire. It usually takes about 7 business days for the funds to get transferred in case of withdrawals.

Customer Support Information

ExpertOption claims to provide a 24/7 customer support. You can get in touch with them via telephone or mail them your queries at their email.

Conclusion

After detailed investigation our team concluded that there are better choices than ExpertOption. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with ExpertOption.

We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.

Or Select Another Broker From Our List

9 Responses to “Is ExpertOption a Scam?”

  1. Russell Blyth April 14, 2016 at 2:31 pm

    Found on trial account after trade it is hard to close tab that advises you of out come of trade. Another trade can not be placed before this tab is closed. I prefer very short trade times and my method requires quick re trading. Not sure if problem closing tab is to do with my using Samsung tablet. Otherwise interface seems compareable to other sites. Reasonably easy to navigate etc. Regards Russell

  2. I like the platform and how you can place fast instant trades and multiple trades in fast succession. Do you know of any alternative brokers with a similar platform like Expert Option and IQOption?

  3. johny padme May 12, 2016 at 4:22 pm

    They are scammer <<<<< they do what they want and their platform is tricked < they have specific touch to block your order at the wrong moment or to unlog their servor few seconds before a win < after they knbow they see nothing … no communication service < they are very intense about papers and id"s , intense about their own interests, but it is nothing professional out there. I DONT RECOMMAND THIS BROKER

  4. expert option is a big scam do not invest in expert option, as soon as I made %700 of profit, they closed my account and dont payme anything. not refunded my initial deposit and closed my account, be careful if you have an acount try to made a withdraw request, and they will answer you, but you never going to be paid. a totally big scam. Im going to make a video in you tube becouse I lose money. they will rob you be very careful. only invest in trustable and reliable broker, becouse expert option is a scam.

    • Guillermo, thanks for sharing your experience with us. Expert Option is definitely not a trusted binary options broker. If you want to read more about how to choose a broker read our tips here.

  5. Hi thanks for the info, if it seems to good to be true it probably is not true, If the company is good it won’t take long for people to let us know, but at the moment, I think I will wait for some more evidence

  6. Strongly Not recommended. There is a withdrawal requirement. U need to trade more than $10000 before u can do any withdrawal. And if indeed u hit that requirement, not sure if there is any other clauses. Basically, they offer v attractive sign on packages. Bonus can be up to 100%. Eg, deposited $1000, u get $2000. Too good to be true. In fact, most likely u r not able to withdraw anything at all even after winning.

  7. I am pleased with the broker, in fact. Despite the slight hitch in the verification, the money was taken without any problems.

  8. I certainly would not say that this is the best broker in the market

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