Expert Optioner – Are They Legit?

Website URL: www.expertoptioner.com

Founded: 2016

Regulations: Unlicensed

Languages: English, Spanish, German, Russian

Deposit Methods: MoneyGram, Bitcoin, Western Union, PayPal, Skrill

Minimum Deposit: $250

Free Demo Account: Not Provided

Number of Assets: Unclear

Types of Assets: Binary Options trading, Currencies, Commodities, Stocks and Indices.

Trading Accounts and Conditions

Expert Optioner offers you the following account types on which to trade:

• Mini Account: The minimum amount you need to deposit to use this account type is $250.
• Silver Account: To use the Silver Account, you need to first put in at least $1,000.
• Gold Account: To trade on the Gold Account, the initial deposit is $5,000.
• Platinum Account: The minimum deposit you need to make to use the highest tier account is $10,500.

The broker has omitted to provide information on the leverage ratios and spreads, so you won’t really know the cost of trading with them until you actually carry out your trades.

Expert Optioner – Advantages

Despite out effort to be fair with this broker, we have not found anything positive about Expert Optioner, and we have been forced to leave this segment of our review bare.

Expert Optioner – Disadvantages

Here are all the disadvantages we found with Expert Optioner:

• Anonymous Unregulated Brokerage

The first thing we noticed about Expert Optioner is that there is no relevant corporate information on their website. All we have in terms of corporate information is an address in Florida in the United States and a phone number along with it. We don’t know who runs this operation.

When we tried calling the phone number, we found that it didn’t work. And neither did the so-called email address given on their website.

Furthermore, there is no information about its regulation status. But since the broker’s address shows that they are based in the US, we checked all the relevant financial authorities’ website to see if they were listed.

To be able to offer forex services in the US, you first need to be registered with the CFTC (Commodity Futures Trading Commission) as a licensed RFED (Retail Foreign Exchange Dealer) and as an FCM (Futures Commission Merchant). You also need to be a member of the NFA (National Futures Association). Expert Optioner was not found on these agencies’ registers.

Expert Optioner also claims to be a binary options broker (among other things), and binary options trading is illegal in the United States!

Just to be sure, we also checked the online registers of the countries in Europe (since the languages offered are Spanish, German and Russian). Once again there was no brokerage by this name listed on any of these registers.

So, what we have here is an unregulated brokerage that is operating anonymously and there is no way to contact to contact them.

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• Promises of Massive Returns

Expert Optioner promises you that you will get a 200% return on investment – in just 7 days! And they also say that if you invest your money with them, then you will triple your investment in that time. Such claims are lies! Here’s why.

The forex and binary options markets are extremely volatile and most traders lose more money than they earn. In fact, financial authorities require brokers to show what percentage of their clients are losing money. And here’s the truth – 75% to 85% of all traders lose money on the market. And regulated brokers have to post a warning on their website that this kind of trading is very risky.

Therefore, a 200% ROI or even a guarantee that you will triple you money is nothing but bait to get unseasoned traders to invest with the broker.

• Lies About Assets on Offer

Expert Optioner claims to offer binary options trading, as well as trading in forex, commodities, stocks and indices. However, when we checked, we found out this was a lie. The broker only offers binary options trading. And you also don’t get any information on the trading conditions.

• No Trading Platform

If this broker offers trading in forex and other assets, then they should have a legitimate trading platform like the MetaTrader 4 platform, which is one of the most popular interfaces in the world. It has features such as charting and market analysis tools, as well as automatic trading algorithms.

Expert Optioner has nothing. We could not find any information on their trading platform anywhere on their website. And when we tried to register for an account, we were unable to proceed since we did not receive any email confirmations.

• Random Logos and Fake Reviews

Here are other things we noticed on this broker’s website – the use of random logos and fake reviews.

The broker seems to have picked up logos from the internet and stuck them on their website. We checked all the logos displayed on Expert Optioner’s website and not one of them had any kind of a relationship with this broker.

Second, the reviews. These reviews are clearly fake. There is no substance in them and they don’t even make too much sense. There is not reviewer name or picture given, so we don’t know who wrote these reviews.

• Cannot Make Withdrawals after Accepting Welcome Bonus

Firstly, this broker offers you a welcome bonus. And then, when you try to withdraw your funds, you are told that you need to deposit money first. The amount you deposit should equal the welcome bonus you were given. However, even after you deposit that money, you will still not be able to make any withdrawals.

This should be the biggest warning to all traders wanting to do business with Expert Optioner! This is a scam through and through!

Conclusion 

Expert Optioner is a scammer and if you invest your money with them, you will lose all of it. We would strongly advise all traders to avoid this broker completely.

Expert Optioner

2.4

User Experience

3.0/10

Payment Options

2.2/10

Security

2.5/10

Support

2.3/10

Reputation

2.1/10

Pros

• None

Cons

• None Anonymous Unregulated Brokerage
• Promises of Massive Returns
• Lies About Assets on Offer
• No Trading Platform
• Random Logos and Fake Reviews