1 • 14 REVIEWS
Updated: Jun 21, 2024
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Established: 2016
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1 • 14 REVIEWS

Recent User Reviews of

Olowoyeye Taiwo
Ibadan, Nigeria,
Jul 6, 2022,

They are real scammers nothing more.

Service use: Live Length of use: over 1 Year
My first day of trading with them I only picked like three open and closed at profit. But later discovered that under ground and manipulated trades have been picked by them and finally made my account balance become zero.please run away from expertoption totally.
selangor, Malaysia,
Jun 28, 2022,
Registered user

Questionable binary trading platform

Service use: Demo Length of use: 0-3 Months
l have been trying out on the demo binary option trading platform for Bitcoin before considering to put in real money.

The most serious concern l have on this platform is the expiration time which does not begin when you open the trade. The expiration time starts whenever it likes to, like is being manipulated eventhough you trade 1 minute expiration time, The expiration may only start somewhere between 1.0 - 1.5 minutes later which in most cases throw your analysis out that would lose. The only time you can win is only when there is a big move uptrend or downtrend.

l would certainly not going to put my money into this platform that can easily be manipulated. This is what l had observed on this paltform.
egypt, Egypt,
Jun 3, 2021,
Registered user


Service use: Live Length of use: over 1 Year
Hello I'm a trader for the past 12 years now and I'm here to share my experience with ExpertOption " DO NEVER EVER TRADE WITH THEM' they are %100 scammers even if they will proceed with your withdrawals that is not the case, But the case, if they are providing fake price quotes and the, are meant to create fake spikes to make you lose your entire balance, Because once their radars detect you are a winner trader they will start the dirty background plays of creating fake spikes to make you lose! like what just happened with me today! I'm tarding with several BO platforms and I took the same sell trade on all of my BO accounts all my trades on the other accounts was absolutely ITM except for my account in Expertoption, And when I showed that there was a fake spike that meant to make me lost and I asked for a refund they refused. So my advice to you GET AWAY FROM THESE SCAMMERS.
Manila, Philippines,
Jan 28, 2020,
Registered user


Service use: Live Length of use: 0-3 Months
Im continuously earning money in my demo account while incurring losses using my live account. I lost all my money to EXPERT OPTION. DONT TRUST THEM
3 traders have found this review helpful
Bosnia, Bosnia and Herzegovina,
Jan 22, 2020,

Charts Rigged - proof!

Length of use: 0-3 Months
I was making 1.000.000USD on the demo account and as soon as i started depositing real money i began losing. I noticed the charts were different for demo and real with different strike rates
3 traders have found this review helpful
Zambia, Zambia,
Dec 14, 2019,
Registered user

Terrible, unethical 100% pure scam

Service use: Live Length of use: 0-3 Months
Verification process is cumbersome when you verify after making some profits. Every document they ask of you to provide they will still reject it in order for them to keep your money without you withdrawing, and in the end you are blocked from there system.
2 traders have found this review helpful
Helsinki, Finland,
Nov 22, 2019,
Registered user

Totally scam. Waste of money and time

Service use: Live Length of use: 0-3 Months
They set your win rate to 70% to 90% at first. As soon as you increase bet sizes suddenly win rate drops to 0%.
I had 100 trades with 75% win. Then suddenly i had 25 consecutive looses. This is almost impossible by probability rules.
Good to mention I am a fx trader and scalper.
4 traders have found this review helpful
Pakistan, Pakistan,
May 9, 2019,
Registered user

Expertoption is a big fraud company is a big fraud. I request you to not waste your money. I have lost $5000 and recorded several videos in which one can watch cearly that how the software is cheating. I have recorded more than 25-30 videos. I am sharing these video on youtube and facebook. Please save your self and your beloved ones from their fraud.
3 traders have found this review helpful
Jan 13, 2019,
Registered user

Please BEWARE and do not deposit money in such online gambling platforms. You will not earn anything, but lose both TIME and MONEY.

Please BEWARE and do not deposit money in such online gambling platforms. You will not earn anything, but lose both TIME and MONEY.

This is a first hand review of Expertoption, but I feel all other binary options are same. One thing I would like for you all to notice is that These Binary Options Platforms are basically online gambling platforms using the word options in a very loose sense.

A brief description on regulated options
there are 3 parties involved , Regulator, Exchange and Broker
option is derivative contract where an investor buys an option to buy / sell an asset which is traded on an Exchange after giving a premium.
1. The expiry of option is decided by the broker / option writer with approval from regulator, most commonly the expiry is 1 to 3 months for regulated options.
2. The option writer gives the investor different strike prices to chose from , again approved by the regulator.
3. The price of the underlying asset on which the derivative contract is entered is standard across all brokers of the Exchange.

comparision to recent gambling platforms using the word "options"
In the recent binary options scams [Expertoption, IQoption, irontrade] there is no Exchange, no Regulator and the underlying asset value is just calculated by the online platform. These companies are registered in countries with no regulators. they are not operating in countries like USA where they have to abide by regulator. tey operate in countries like india, indonesia etc... where legal frame has may loopholes, corruption and poverty lead to people depositing with them and looking to make a quick buck.

The actual names for these platforms should use the word "gambling" instead of "options"/ "trade".

1. expiry of so called option is in minutes which is totally crazy, which means the full "so called premium" can be lost.
investor (gambler) does not have chance to exit out of the option.
2. there is not proper strike prices + premium combinations you can choose.
3. there is lock-in period where there could not be any trades for that asset.
4. price is not uniform and mapped to any exchange (glorifed term for this rigging is OTC)
This is most important aspect of the scam that in the lock-in period the platform can suddenly change the result in favour of themselves.

Tactics employed by these online options scam
1. the underlying asset value chart is fully controlled by them
2. they show fake trades on the platform
3. bonus on deposit which actually means restriction on withdrawal
all the above 3 tempt the users to deposit money wuth them and tempt into trades.
4. advertisements ,videos showing people winning a fortune in minutes.

After depositing money and loosing all in the rigged scam fake and rude customer support which does not reply specially expiry mentioned in expertoption is 15 mins, but no asset has a 15 min expiry, all are max 5 min expiry.

In Short Please BEWARE and do not deposit money in such online gambling platforms.
You will not earn anything, but lose both TIME and MONEY.
3 traders have found this review helpful
Dec 12, 2018,

Binary option SCAMMER

Dear All

From the start was everything OK. Payout was about 70-80% but when i started to trade higher amount with high win ratio, payout decrease at 23-27%.

I traded news release because ExpertOpion has fast execution but if you try this strategy with them so open only one higher trade and withdrawal it as fast as possible because after that your payout will rapidly decrease.
In each case i do not recommend this binary broker.
They are the biggest scammer on the market.
3 traders have found this review helpful