ExpertOption Account Types vary according to what traders require. ExpertOption remains compliant with EU regulation, which brings the broker under the auspices of the Markets in Financial Instruments Directive (MiFID).
ExpertOption at a Glance
| 🔎 Broker's Name | ExpertOption |
| 📍 Headquartered | St Vincent and the Grenadines |
| 📅 Year Founded | 2014 |
| ⚖️ Regulating Authorities | SVGFSA |
| 🌐 Countries not accepted for trade | United States, Canada, Switzerland, Israel, New Zealand, Australia, Singapore, Bulgaria, United Kingdom, France, Germany, Ireland, Denmark, Sweden |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $10 / R160,67 USD/ZAR at the time of writing). |
| 💳 Deposit Options | Credit/debit card (MasterCard, Visa and Union Pay) Skrill Neteller Fasapay Perfect Money Bank Transfer |
| 💳 Withdrawal Options | Skrill Neteller Fasapay Perfect Money Bank Transfer |
| 💻 Platform Types | ExpertOption platform |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | CFDs Forex Shares Cryptocurrency Commodities Indices |
| 👨💼 Languages supported on Website | Multiple |
| 👥 Customer Support Languages | Multiple |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 10
Regulators
SVGFSA
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our EXcentral Account Types below.
ExpertOption Account types – 10 key points quick overview:
ExpertOption at a Glance- ExpertOption Account types – 10 key points quick overview:
- ExpertOption Overview
- ExpertOption Account Types
- ExpertOption Account Features
- ExpertOption Demo Account
- ExpertOption Islamic Account
- ExpertOption Customer Reviews
- ExpertOption Pros and Cons
- Frequently Asked Questions
Spreads are variable depending on the chosen account type but can go as low as 0.1 pips on certain instruments.
ExpertOption Overview
ExpertOption is an offshore regulated broker that is headquartered in St Vincent and the Grenadines. Established in 2014, Expert Option has become popular with traders seeking broader parameters for their trading capabilities.
As such, traders can access a higher leverage ratio than is available from European-regulated Forex brokers, with access to the most popular trading assets at relatively competitive prices.
Spreads are variable depending on the chosen account type but can go as low as 0.1 pips on certain instruments.
Expert Option also charges commissions. These will consist of $5 on any winning trades. With regards to the commission on payouts, the broker can take up to 5% on winning trades, which is below the industry standard.
Trading with Expert Option is facilitated on the broker’s proprietary trading software. This platform is primarily differentiated for its social trading capabilities, making Expert Option an immensely popular social trading choice.
The platform is available on multiple devices and provides accurate quotes through real-time market data provided by leading analytical agencies.
Expert Option also provides an excellent selection of analytical materials, which include technical analysis, graphical analysis, fundamental analysis, an overview of the psychology of trading, and an overview of various trading strategies.
Beginner traders will have access to a good range of educational resources that consist of webinars and tutorials.
A wide variety of account options is available on a tiered basis, with the more feature-rich accounts requiring significantly higher minimum deposits.
The demo account from Expert Option is immediately accessible without having to sign up, granting users access to the social trading platform. With the demo, users can trade with other demo account holders in a simulated environment.
Overall, the Expert Option is a good option for beginner to intermediate traders and those seeking greater social trading capabilities.
New traders should only note that the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA) regulated the broker offshore. This will not provide the same protection measures as more reputable Forex market regulators.
ExpertOption Account Types
Expert Option provides a broad selection of account types. These consist of the Micro Account, Basic Account, Silver Account, Gold Account, Platinum Account, and Exclusive Account.
Traders can also choose to open a demo account on the broker’s platform to test out the various tools and features before signing up for a real account. Expert Option does not offer a swap-free, or Islamic Account, for traders of the Muslim faith.
All account holders will enjoy the following features and benefits:
Low minimum deposit (just $10)
Large maximum returns (up to 95% of winning trades)
The intuitive platform which is easy to use for beginners
Access via desktop and mobile apps
A wealth of educational materials to suit traders of all experience levels
No commission on deposits and withdrawals
Large bonuses (for Non-EU clients)
Personal account managers
Good analytical tools to help facilitate smarter trading
Several different funding options
The ability to trade on many instruments
Good customer service
ExpertOption Account Features
Micro Account
The Micro Account from Expert Option is designed for traders who prefer to start in a low-risk environment. When they are more comfortable, they can upgrade their account.
Bonus 50%
Maximum deal of $50
Maximum of 10 deals at a time
Access to educational materials
Basic Account
The Basic Account from Expert Option is another low-risk account option for traders that wish to invest a small amount at first. The minimum deposit requirement on this account is $50 / R797,48.
Silver Account
The Silver Account from Expert Option is the most popular in the broker’s offering and includes certain additional benefits such as free consultations. The minimum deposit is $500 / R7974,83 which is high.
Bonus 80%
Maximum deal of $100
Educational materials
Personal account manager
Maximum of 15 deals open at a time
Gold Account
The Gold Account from Expert Option is a premier option that has more advanced, customizable features, with a minimum deposit of $2 500 / R 39 874.
Bonus 100%
Maximum deal amount of $300
Educational materials
Personal account management
Consultation with leading trading experts
Priority (rapid) withdrawals
Increased profit on assets
Unlimited simultaneous deals
Platinum Account
The Platinum Account from Expert Option is designed for expert traders and comes with exclusive account management for serious investment. The minimum deposit on this account is $5000 / R 79 748,25.
Bonus 125%
Maximum deal amount of $1000
Access to educational materials
Personal account manager
Priority withdrawals
Consultation with leading trading experts
Increased profit on assets
Individual analysis of your trading history
Unlimited simultaneous deals
Exclusive Account
The latest addition to the broker’s offering, the Exclusive Account is available by invitation only. The account manager should be contacted for additional information on this account.
Min Deposit
USD 10
Regulators
SVGFSA
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
ExpertOption Demo Account
The demo account from Expert Option is interesting in that it does not require any registration or sign-up process beforehand.
By clicking on the option to open a free demo, users are immediately directed to an interactive demo environment with other practice traders.
The demo account is funded with $10 000 in virtual currency so that you do not need to risk any of your own funds in the process. The demo environment will simulate live market conditions.
Opening a demo account with Expert Option will consist of the following simple steps:
Click on the Open Free Demo button at the bottom of the Expert Option website
This will take you straight to an interactive demo platform
From here, you will be able to start trading immediately with other traders who are also using the free demo platform
You can click on the live chat button to contact the customer support team for assistance on how to further navigate your way around the demo platform
ExpertOption Islamic Account
Expert Option does not offer an Islamic Account to traders of the Muslim faith. This is a drawback to such traders, as an Islamic Account fulfills an important purpose, as outlined in more detail below.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
ExpertOption Customer Reviews
Very good with a little vigilance and…
Very good with a little vigilance and experience can be great👍👍
The best platform to buy and sell BTC
The best platform to buy and sell BTC, period.
A great company also strives to be…
A great company also strives to be reliable and simple so that anyone can start trading here very easy trading and with good profit
I love it
I love it. I will advise my friends!!
ExpertOption Pros and Cons
| ✔️ Pros | ❌ Cons |
| Access to high leverage is available | Enhanced account features require a high minimum deposit |
| Competitive trading price structure | No Islamic Account available |
| Extremely low minimum deposit on micro accounts | Offshore regulation does not guarantee the best client protection measures |
| Intuitive proprietary software is available |
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Frequently Asked Questions
Does ExpertOption accept traders from South Africa?
Yes, South African traders can open an account with ExpertOption. Minimum deposit $10 / ZAR152,97.
How many instruments can I trade with the ExpertOption account?
Clients can trade a range of assets, including cryptocurrency, equities, forex, commodities, and stocks.
What is the overall rating out of 10 for ExpertOption?
The overall rating is 6/10
Does ExpertOption offer leverage?
Yes. Leverage is offered on variable leverage depending on the instrument traded. For most forex pairs, such as EURUSD, leverage is set at 1:30, as per ESMA regulations.
Minor forex pairs like EURNOK, NZDUSD, AUDCAD, USDSGD, and EURPLN have leverage set at 1:20. Max leverage on other trades on the trading platform is 500:1.
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