What Account Types and Fees Does ExpertOption Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Micro Account |
Beginners |
Basic features, educational materials |
Minimum deposit of $10, limited to 10 deals of up to $10 each |
| Basic Account |
Novice traders |
Access to educational materials, increased maximum deal amount |
Minimum deposit of $50, limited to 10 deals of up to $25 each |
| Silver Account |
Intermediate traders |
Daily market reviews, financial research |
Minimum deposit of $500, limited to 15 deals of up to $250 each |
| Gold Account |
Experienced traders |
Priority withdrawal, increased asset profit |
Minimum deposit of $2500, limited to 30 deals of up to $1000 each |
| Platinum Account |
Serious investors |
No limit on deals, significant asset profit increase |
Minimum deposit of $5000, maximum deal amount of $2000 |
| Exclusive Account |
Invited elite traders |
Full access to platform features, maximum deal profit increase |
Invitation only, no limit on deals, maximum deal amount of $3000 |
Account Opening Process
The account opening process at ExpertOption involves several key steps. Initially, users are required to submit personal information, including their name, email, and phone number. Following this, traders must provide employment details along with financial information to help assess their trading profile. Identity verification is a critical part of the process, requiring users to submit a valid ID and proof of address. Once the account is set up, users have the flexibility to upgrade to a professional account in the future if their trading needs change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
Varies |
$0 |
Tight spreads for major pairs |
| CFDs (Stocks, Indices) |
Varies |
$0 |
Dependent on market conditions |
| Cryptocurrencies (BTC/USD) |
Varies |
$0 |
Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of other potential costs. This includes deposit and withdrawal fees, although specific amounts can vary depending on the payment method used. Inactivity fees may apply if the account remains dormant for an extended period. Additionally, platform usage fees and overnight interest (swap rates) might also be relevant, along with any applicable currency conversion fees when trading in different currencies.
