ExpertOption trading, withdrawal, deposit, and inactivity fee are the costs of trading with this broker. The $0 commission on deposits and withdrawals is one of the main benefits of this platform compared to other binary options brokers.
ExpertOption Fees and Charges Overview
As we checked in the ExpertOption review, the broker offers a competitive fee structure designed to attract both novice and experienced traders. Here's a quick rundown of ExpertOption fees that we will cover in this article:
- ExpertOption spreads and commissions;
- ExpertOption deposit fee;
- ExpertOption withdrawal fee;
- ExpertOption inactivity fee.
It's worth noting that ExpertOption's fees are generally competitive compared to other brokers.
ExpertOption Spreads and Commissions
ExpertOption's spread and commission structure are designed to be trader-friendly. Here's what you need to know:
- Spreads can be as low as 0.1 pips, regardless of your account type;
- No-commission on trades;
- Swap or rollover fees apply for overnight positions.
While the spread and commission structure are competitive, it's essential to consider how these fees align with your trading strategy.
ExpertOption Deposit Fee
ExpertOption doesn't charge deposit fees. This applies to all ExpetOption funding methods, including:
- Debit/credit card;
- Skrill;
- Neteller;
- Tether (USDT).
If you would like to learn how to deposit funds to your ExpertOption account using Neteller, Skrill, or USDT on the ERC 20 network, you can read our step-by-step guides in ExpertOption tutorial page.
Remember, while ExpertOption charges no fees on deposits, your payment provider might. Always check with your bank or e-wallet service provider for potential charges.
ExpertOption Withdrawal Fees
When it comes to withdrawals, ExpertOption keeps things simple:
- No withdrawal fees charged by ExpertOption;
- Minimum withdrawal amount is $10 or equivalent;
- First withdrawal must use the same method as the initial deposit;
- Higher account levels (Gold, Platinum, Exclusive) get priority processing.
While the ExpertOption withdrawal fee is $0, be aware that your payment provider might charge money for your withdrawals.
ExpertOption Inactivity Fee
One of the main downsides of trading in ExpertOption broker is the $10 inactivity fee. If a trader doesn’t execute trades in 30 days, the broker will automatically charge them 10 dollars from their account.
ExpertOption Fees Compared to Other Binary Options Brokers
Let's see how ExpertOption stacks up against another famous binary options broker.
Broker | ExpertOption | Pocket Option |
Spread | Floating from 0.1 pips | Floating from 0.5 pips |
Commission | No commission | No commission |
Deposit fee | 0 | 0 |
Withdrawal fee | 0 | 0 |
Inactivity fee | $10 | 0 |
ExpertOption traders can benefit from low spreads on this platform, while Pocket Option traders can rest easily since the broker doesn’t charge inactivity fees. Overall, ExpertOption offers low-cost trading conditions for binary options traders.
TF Expert Suggestion
As we discussed earlier, ExpertOption fees are lower than industry standard. Floating spread from 0.1 pips, no-commission on deposits, withdrawals, and trades, make this broker suitable for beginner and professional traders.
However, the $10 inactivity fee is a significant downside for traders who occasionally open new trades. Now that you know the platform fees, you can read our ExpertOption registration guide to start trading with this broker.
