Expert Option is a binary options broker that was established in 2015. It is believed that the brokerage is based in Saint Vincent and Grenadines and they don’t offer their services to clients from certain countries such as USA, New Zealand, Switzerland, Australia, Sudan and so on. If you want to find out about the full list of countries they offer or don’t offer their services to, you can visit their website and check out their “terms” page.

The broker has been around for a little over one year and there is heaps of information available about them on the internet. But the problem is that some of them are paid information that have been put up to promote this broker. There is also nothing exceptional about Expert Option trading.

Is Expert Option a Scam?

When it comes to Expert Option trading, the broker is not transparent. They have not provided their company details, certification number and whether they have applied for licenses or not. They claim to be regulated, but we doubt this because of lack of transparency. We are also certain that they are not regulated by CySec. If they are regulated by some other financial regulatory body, then we don’t know if they are for real or how strict they are in terms of monitoring the brokers.

If you do a search on the internet, you will find some bad reviews about them as well. The Expert Option trading experience that some investors had is really negative. This has also led them to switch brokers. One of the common complaints about Expert Option trading is that they are not consistent with their payouts. Their payouts keep changing and sometimes they get really low.

Another problem with this broker is that they offer bonuses that are in traders’ interest. Basically, their bonuses lock up the deposited funds and traders cannot make any withdrawals until the required trading volume is met. These kinds of unfavorable bonus plans are banned by CySec and perhaps this is the reason why they are not regulated by this financial regulatory authority.

Expert Option Trading Interface

Expert Option’s website is available in a number if languages which is a good thing, but their trading interface is not user-friendly. One of the disturbing things about Expert Option trading interface is that navigation is complicated. There is no tutorials or materials learning materials available on how to use the trading platform.

Good brokers will usually keep their educational section up to date with glossary, technical analysis and strategies, but Expert Option has nothing that can be useful for traders. the number of assets available for trading on the platform is limited and they only offer the basic trading instruments.

Should you Create an Account with Expert Option?

Their minimum deposit requirement is relatively, but should you really set up an account with this broker? You can get started with an account with just $50, but experience suggests that you will be wasting your time and money if you choose this broker as your trading partner.

Expert Option offers a variety of different account types with each of them having their own benefits and disadvantages. But sadly, you cannot access your Expert Option trading history unless you hold a VIP account. It takes at least $2500 to set up a VIP account which is way too much for an ordinary trader.

The broker promise returns of up to 95%, but there aren’t many assets available on their platform that can yield such high returns. Traders have also complained that their payouts fall just after they start seeing profits. Deductions are also made from time to time for a variety of reasons about which no information is available to clients in any part of their official website.

So the bottom line is that it is not a good idea to set up an account with Expert Option. The trading tools and features are basic and it is highly unlikely that traders will have a positive experience when trading with them.

Conclusion

After our expert investigation we independently tested all the services and features that ExpertOption offers to its traders. We have given you the most important information about ExpertOption and the general conclusion is that there are definitely more reputed brokers than this one with higher overall score.

We cannot confirm you that ExpertOption is a scam, but neither can we guarantee you its safety nor legitimacy.

We are making continuous research to find out the most legitimate and trustworthy Binary Options Brokers – all approved to be safe and reliable. We recommend you to Proceed to Safety or to Choose a High-Rated Broker on Top10BinarySignals.com

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Or Select Another Broker From Our List

After our expert investigation we independently tested all the services and features that ExpertOption offers to its traders. We have given you the most important information about ExpertOption and the general conclusion is that there are definitely more reputed brokers than this one with higher overall score.

We cannot confirm that ExpertOption is a scam, but neither can we guarantee its safety nor legitimacy.

We are making continuous research to find out the most legitimate and trustworthy Binary Options Brokers – all approved to be safe and reliable. We recommend you to Proceed to Safety or to Choose a High-Rated Broker on Top10BinarySignals.com

Trust_logos_top10_BSIG_1_new

OR

Choose Top Safe Broker