Expert Option Fees And Charges: How Expensive Is It?
Type of fees | Fees from |
---|---|
Deposit fees | $0 |
Withdrawal fees | $0 |
Inactivity fees | up to $ 50 per month |
Trading fees | $0 |
How much does it cost to trade with Expert Option? – In this article, we will research all fees which can occur when trading with Expert Option. Is it expensive or not? – Find out in the next sections!
See here an overview of all charges and costs:
Deposit fees: | No |
Withdrawal fees: | No |
Account maintenance fees: | No |
Inactivity fees: | 90-day inactivity leads to EO Points loss $ 50 dormant account fee |
Fees on digital options trades: | No |
Overnight fees: | Yes – The fee varies depending on the asset being traded and the size of the position. |
Currency conversion fee: | No |
Market data fee: | No |
Trading platform fees: | No |
(Risk warning: Your capital can be at risk)
Spread fees, commissions, and swap fees on Expert Option
Expert Option also charges commissions. These will consist of $5 on any winning trades. Regarding the commission on payouts, the broker can take up to 5% on winning trades, which is below the standard. Expert Option does charge swap fees, also referred to as overnight fees.
???? Commissions for deposits and withdrawals: | No |
???? Commissions per trade: | No |
???? Spread fee: | No |
???? Swap fee: | Yes – The fee varies depending on the asset being traded and the size of the position. |
Binary options fees on currency pairs
As you know, Expert Option is a reputable online broker that specializes in trading binary options on various assets. In this section, we will delve into the currency fees associated with Expert Option, providing traders with the necessary information to make an informed decision about whether this broker aligns with their trading needs and preferences. Due to its unique approach, Expert Option does not charge any spreads on currency pairs, allowing you to trade with the best possible experience and cost structure. See the fees on currency pairs in this table:
Currency pair: | Fees: | Minimum trade amount: |
EUR/USD | From 0.0 pips | $ 1 |
USD/JPY | From 0.0 pips | $ 1 |
EUR/GBP | From 0.0 pips | $ 1 |
AUD/USD | From 0.0 pips | $ 1 |
(Risk warning: Your capital can be at risk)
Binary options fees on commodities
Expert Option presents a competitive fee structure for trading commodities such as Gold, Brent Oil, and Silver. In this section, we will delve into the commodity fees at Expert Option, providing traders with the essential information needed to assess whether this broker aligns with their trading goals and preferences.
Commodity: | Fees: | Minimum trade amount: |
Gold | From 0.00 points | $ 1 |
Silver | From 0.00 points | $ 1 |
Brent Oil | From 0.00 points | $ 1 |
(Risk warning: Your capital can be at risk)
Binary options fees on stocks
When trading binary options on stocks on Expert Option, it’s important to recognize the costs associated with each transaction. The platform does not charge stock fees, appealing to traders with diverse strategies and goals. Here are the binary options fees on a couple of stocks presented:
Stock: | Fees: | Minimum trade amount: |
Facebook (Meta) | From 0.0 pips | $ 1 |
Alibaba | From 0.0 pips | $ 1 |
From 0.0 pips | $ 1 | |
Apple | From 0.0 pips | $ 1 |
(Risk warning: Your capital can be at risk)
Other fees for digital options on Expert Option
There are no overnight fees and no pip fees on digital options on Expert Option, giving you the best possible price structure and trading experience.
At Expert Option, inactivity fees ( up to $ 50) are applied to accounts that have been inactive for an extended period. Inactivity is defined as a period during which a client earns no EO Points, makes no transactions, and redeems no EO Points. If a client’s account remains inactive for ninety (90) days, Expert Option reserves the right to revoke any EO Points granted to the client.
While the platform does specify a fixed amount for inactivity fees of $ 50 (source: https://expertoption.com/company/policy/terms/), it is essential for traders to be aware of these policies to avoid any unexpected charges or forfeiture of EO Points. Clients should ensure that they maintain a certain level of activity on their accounts to prevent any penalties due to inactivity.
Trading Platform: Expert Option
Expert Option is a well-known online broker that specializes in digital options and quick online trading. More than 100 unique monetary resources, including currencies, stocks, commodities, and cryptocurrencies, are accessible to exchange on this platform. Expert Option is licensed by the Vanuatu Financial Services Commission under license number 15014 and is based in Port Vila, Vanuatu.
Not at all like different brokers that utilize turnkey stages, for example, Tech Financials or Spot Option, Expert Option fostered its own custom stage to oblige the necessities of its customers. Expert Option started offering types of assistance to merchants in 2014 and, at present, executes more than 30 million deals every month.
Live trading with this company requires a zero-dollar (USD) deposit, and there are no deposit fees. Withdrawing from your account and maintenance are both free of charge.
However, there is a monthly inactivity fee of USD 50. There is no charge for trading digital options. Both market data and the trading platform are provided free of charge.
(Risk warning: Your capital can be at risk)
Fees and costs for an Expert Option trading account:
There are no spreads or commissions with Expert Option. Due to its unique strategy and service, it does not maintain a spread list or charge commissions on transactions.
Expert Option furnishes customers with six types of classifications dependent on their level of involvement:
- Micro
A $10 minimum deposit is required to open an Expert Option micro account. The maximum trade is $10, and you may only have ten trades open at once. You’ll get access to instructional resources but not daily market updates or financial analyses.
- Basic
The basic account at Expert Option includes a $50 initial deposit and a $25 maximum trading limit. You are limited to 10 simultaneous transactions at any given moment, but you do have access to educational materials. You can upgrade if you start with a basic membership.
- Silver
This account requires a deposit of $500 first deposit at the time of opening. You’ll have access to daily market evaluations and financial analysis in addition to instructional materials. You may only make 15 transactions at a time, and your total trading limit is $250.
- Gold
This account requires a deposit of $2,500 to open. Gold includes all the benefits of Basic and Silver, plus a few more. Withdrawals are processed faster for gold members. In addition, your profit will rise by 2%. A gold member can have up to 30 ongoing deals at any given moment, and the minimum deal size is $1,000.
- Platinum
The Platinum account type at Expert Option is suitable for VIP traders. It requires a $5,000 deposit at the beginning. You’ll have all the benefits of the gold level, plus you’ll have no restrictions on how many transactions you may make at once. Furthermore, the maximum transaction amount has increased from $1,000 to $2,000, and your profit per trade has risen by 4%.
- Exclusive
Only individuals with invites from ExpertOption can have access to this type of account. Exclusive account holders benefit from a profit margin of up to 6%, a personal account manager, and a maximum deal of $5000.
- Demo Account
Expert Option provides a free trial account with $10,000 in virtual funds for clients to practice with. This is an excellent method to hone your abilities without putting your money on the line. You do not need to register to access the site, unlike other brokers. You are not required to provide them with your email address or any other personal data.
The Expert Option sample allows you to get a good feel for their trading interface and determine whether it’s right for you. You may practice trading, improve your trading methods, and gain a feel for how to utilize the Expert Option program.
(Risk warning: Your capital can be at risk)
Additional trading fees
When trading financial products like forex, traders should expect to be charged overnight costs or swap fees if holdings remain active for longer than a trading day.
Expert Option, on the other hand, does not waive these costs.
Expert Option does not provide spread betting; thus, there are no spread betting costs.
Broker fees
Expert Option doesn’t charge any expense for deposits or withdrawals. Traders must guarantee that transactions between their bank account and trading account are free of transaction fees.
Furthermore, traders must confirm that the account name matches their name to establish their trading account while making deposits. As part of its stringent anti-money laundering measures, Expert Option does not accept third-party payments.
Conclusion: No hidden fees with Expert Option
Knowing that everyone has their own set of requirements, it’s best to avoid opting for an all-in-one, “ideal” solution. The ideal thing to accomplish is to limit the numerous vital elements that require investigation, such as important features, budget, technical skill capability of employees, firm size, and so on.
Take your time, check out a few free trials, and then pick the solution that provides all you need to boost your aspects or your company’s efficiency and production as it’s not expensive for a basic account opening, which is a good start, as, with a minimal amount, you can start trading if it ticks all your requirements.
No additional fees on Expert Option:
- No deposit fees
- No withdrawal fees
- No hidden fees
Frequently asked questions about Expert Option fees:
Is Expert Option free?
Expert Option has no registration fees. However, those who trade on the platform pay spreads and fees for their trades. However, these are comparatively low at Expert Option.
Are there deposit fees on Expert Option?
There are no deposit fees on Expert Option.
Are there inactivity fees on Expert Option?
There are possible inactivity fees of $ 50 on Expert Option. See: https://expertoption.com/company/policy/terms/
What are the deposit and withdrawal fees for Expert Option?
For most payment methods, there are no deposit and withdrawal fees at Expert Option.
(Risk warning: Your capital can be at risk)