Expert Option, SCAM! They cut my PAYOUTS in HALF

Yes Expert option is a scam as I’ve deposited $50 yesterday and I made it $1000 and now when I check my account today morning it shows only $50 again all my trading history is deleted and now I am not able to trade too, please check the attachment for the proof

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Hi Folks. Just registered today to share my experience. I am a VIP customer with IQOption. I’ve opened an account with ExpertOption couple of days ago with $50 and claimed 100% bonus on my deposit. My account is fully verified as you can see on the attachments below. I was very impressed by the high profitability offered on the options. When I registered they paid out over 90% on Bitcoin turbo options. Now after 3 days I am lucky to get 65% at max on any asset. You can see on my daily trading volume that I executed less and less trades as profitability fluctuates a lot. I reached out to the customer support to (attached) to see why is the profitability reduced significantly. First I was asked to send an email to (no point as I sent two already nobody got back to me), than I was told that profitability changed by many factors. So my question is why is 24option and IQOption offers over 80% payout in the same time. I still have to trade an extra 1K to make sure I can withdraw my funds with the bonus, but at 65% profitability I am not prepared to trade as break-even ratio at that level is 60.61%. My strategy only works at payouts of over 80% with acceptable risk taken in terms of bets on each trade. I am getting really concerned about the legitimacy of this broker for a number of reasons: 1) Horrible customer support team. 2) Fluctuation of payouts 3) Non EU regulated. See screenshots below proving all the above. If this profitability issue will not be resolved in the next couple of days with ExpertOption I will make a formal complaint with FMRRC. Hope the above helps guys. Be safe. Closingbell

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Just for the record guys, I am not promoting IQOption or 24Option. Just posted my experience above. I have no complaints against IQOption tho. Most reliable broker I have every traded with.

Some more proof guys. I activated the Experts feature on the ExpertOption platform which displays how much other trades bet to which direction. I marked two traders who I watched live on the platform. They placed $100 and $1000 call options. After the expiry of the option period expertoption displays how much they got in return. You can see that the trader who placed $1000 got $1870 in return. In the meantime I had 64% payout on the Bitcoin.

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Proof that other traders get 87% payouts_private.png

More proof guys. I was watching the expert option platform live. They have a feature where you can see other traders trades. I marked on the below screenshot that the two traders placed $100 & $1000 bets on call. Both expired ITM – they got 87% return on their investment. Proofs that the payouts being manipulated by Expertoption at an individual trader level. This is completely illegal.

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Proof that other traders get 87% payouts_private.png

Now folks, more to report here. I decided to blow up my account to see what happens if I start losing money. As I expected. Once I start losing money The profitability of the options just returned to 80-91-92%. AVOID EXPERT OPTIONS.

Never even heard of these folks, why did u pick them in the first place?

Never even heard of these folks, why did u pick them in the first place?

They had 92% payout on Bitcoin throughout the weekend. I only get 42-40% through IQoption at the weekend. I just stick with IQoption

hi closingbell! didn’t know that it is possible to trade on weekends before. I thought all markets are closed during that time mostly. am I wrong?
btw, sorry, just started to learn more about this.

hi closingbell! didn’t know that it is possible to trade on weekends before. I thought all markets are closed during that time mostly. am I wrong?
btw, sorry, just started to learn more about this.

Hey. Most brokers provide OTC market at the weekend on major currencies. Algorithm generated FX quotes. IQoption used to do that too, but now they have a bitcoin index running at the weekend with 40% payout. The bitcoin market is open 24/7 – open source. But I guess the Bitcoin indexes that brokers list is busted up with some algorithms as prices they display have a spread of circa 15$

The reason I signed up with ExpertOption is that they paid out 92% at the weekend on the Bitcoin index. But after I tripled my balance they cut the payouts on my account to half. Scammers. I also sent an email to the “regulator” who regulates them, but they didn’t even reply. I just stick with the broker I trust.

hi closingbell! didn’t know that it is possible to trade on weekends before. I thought all markets are closed during that time mostly. am I wrong?
btw, sorry, just started to learn more about this.

Hey. Most brokers provide OTC market at the weekend on major currencies. Algorithm generated FX quotes. IQoption used to do that too, but now they have a bitcoin index running at the weekend with 40% payout. The bitcoin market is open 24/7 – open source. But I guess the Bitcoin indexes that brokers list is busted up with some algorithms as prices they display have a spread of circa 15$

The reason I signed up with ExpertOption is that they paid out 92% at the weekend on the Bitcoin index. But after I tripled my balance they cut the payouts on my account to half. Scammers. I also sent an email to the “regulator” who regulates them, but they didn’t even reply. I just stick with the broker I trust.

wow, that was harsh. nothing good can await them in the future with such methods though. sorry for your losses and your time. thanks for explanations too! to be honest, I would have registered with them too, 92% are pretty luring.

This is the may reason I was only prepared to deposit only $50. To test out the platform. Thank god I didnt put in more.

Hello Guys, Don’t trust ExpertOption. I’m just a beginner trader and they didn’t even pay my withdrawal that I requested. So SCAM.

Well, the name and the fact that it is pretty much an unknown broker is the first sign of scam. that and that it is located in the Grenadines, a nice place to vacation but a bad place to trust your money, and that it claims FMRCC regulation which is that useless Russian based intermediary that is backing some other shady brokers I could mention.

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