ExpertOption Deposit: Limits, Methods, Fees and Common Problems

ExpertOption is a popular binary options broker in emerging countries like India, Pakistan, and South Africa, and currently has over 70 million real money traders worldwide. The popularity is partly due to its user-friendly platform and easy account funding process.

Depositing money on ExpertOption is simple, the broker supports many local payment methods, the minimum deposit is only $10 and deposit issues are rare.

If you want to make your first ExpertOption deposit, but you are not sure which payment method to choose, what are the different deposit limits, how much time it takes to fund your account, or you simply experience issues during the deposit process, we will answer all your questions in this article.

However, before you deposit to your ExpertOption trading account, we have to warn you that ExpertOption is an unregulated broker with a pretty bad reputation. As we explained in our broker review, we consider ExpertOption a scam and we don't think that your money is safe with them.

How to Deposit Funds on ExpertOption?

Depositing money on your ExpertOption account is easier compared to other binary options brokers because it lets you deposit funds after signing up even if your KYC and account verification is incomplete.

To learn how to deposit your money properly, follow the simplified steps below:

Step 1:

Launch the ExpertOption app and click on the “Finances” button at the top of your screen or the dashboard on the left.

Step 2:

Click on the “Deposit” button then pick your preferred payment method. ExpertOption doesn’t explicitly require KYC and account verification before deposition, but some methods like Visa and Mastercard require them. For more seamless depositing without KYC, choose crypto wallets or e-payment systems.

Important: Your chosen deposit method will also be the only method you can use for first-time withdrawals.

Step 3:

Double-check if your chosen currency matches the currency of your account, and enter your desired amount.

Note: The minimum deposit on most payment methods on ExpertOption is $10 (or its equivalent in other currencies).

Step 4:

ExpertOption will automatically apply your welcome bonus for new users. But if you have an existing promo code, click the “Have a promo code?” button and input the code. Click here for the latest ExpertOption promo codes.

Step 5:

Agree to the Terms & Conditions and click on the “Pay” button to proceed.

Step 6:

Confirm your payment by clicking the “Proceed to Payment” button. Depending on the chosen payment method, ExpertOption will either provide QR codes (for cryptocurrencies) or ask for contact information (phone number, email) before you can proceed.

Step 7:

ExpertOption will redirect you to the Payment Gateway. Enter the necessary details of your payment method, like your bank account credentials or crypto wallet address to complete the deposit request.

For e-payments, like Perfect Money, you will be redirected to the website for the next steps.

Step 8:

Double-check if all the details are correct before completing the request.

Step 9:

To confirm if your deposit request is being processed, go to the "Finances" tab and click on Payment History.

Deposit Methods

ExpertOption supports a wide range of international and local deposit methods, this includes blue-chip cryptocurrencies, popular e-payment systems, major local banks, and bank cards. You typically won’t run out of options for which payment channels you prefer.

Here’s a list of popular deposit methods available on ExpertOption:

Banks

• Visa
• Mastercard
• Maestro
• Online Banking
• Local Banks
• FPX Online Banking

Electronic Payment Systems

• Skrill
• Neteller
• JCB
• GCash
• PayMaya
• Coins.ph
• GrabPay
• Instant EFT
• Shopee
• Touch ‘n Go
• DuitNow
• Boost
• PIX

Cryptocurrency

• Binance Pay
• Bitcoin
• Ethereum
• USDT
• TON

Deposit Time

ExpertOption deposit processing time in most payment methods is within minutes only, and even instant if you use a reliable payment method like cryptocurrencies, Skrill, or Instant EFTs. However, online banking, ATM deposits, and over-the-counter may take up to 24 hours.

If you want your deposit transactions to run seamlessly in the future, we suggest you verify your account immediately. That way, you will have more payment options, where you can choose which has the shortest processing time. Avoid using bank transfers, over-the-counter, or ATM deposits as they take longer. Payment methods that are usually quicker are Bitcoin, altcoin, Binance Pay, and some E-payment systems like Skrill.

Deposit Limits

The maximum deposit limits on ExpertOption vary on different payment methods and your location, ranging around $1,000 - $200,000. Bitcoin and most altcoins support up to $200,000 deposit limit, while limit amounts on online banks are usually lower. Popular e-payment systems like Skrill can support up to $1,000,000 while Neteller can only support $5,000. Depending on your location, deposit limits on banks can differ, some banks can support up to $30,000-$50,000, while bank cards, like Mastercard, can only support $5,000.

Note that the deposit limits above are applicable in South Africa, other globally used methods, like most cryptocurrencies, and domestic banks may have different minimum deposit amounts in your location.

Here are the deposit limits of widely used ExpertOption transfer methods in South Africa:

• Visa/Mastercard/Maestro: $5000
• Cryptocurrencies: $200,000
• BinancePay: $20,000
• Neteller: $5,000
• Skrill: up to $1,000,000
• Instant EFT: $1,053

Deposit Fees

ExpertOption does not charge any fees for deposits on most payment methods. Although your bank or credit card as a transfer method may charge 1-5% fees, we suggest double checking with your bank to avoid fees. You can also choose crypto as payment method because they work well and quickly with ExpertOption.

If you use a payment method with a different currency than your ExpertOption account, such as banks and e-wallets, conversion fees may also apply. Expect that conversion rates slightly differ on each method.

ExpertOption Welcome Bonus

ExpertOption offers a welcome bonus for new clients depending on their deposit amount. You can use the bonus for trading in the platform but you can’t withdraw it. Usually, the broker offers a bonus around 100% - 120% for the first 1 hour for an initial deposit of more than $20, but the promos change every time, usually around 20% - 50% after that.

Below are the current first deposit bonuses on ExpertOption:

Read more about how to activate ExpertOption promo codes and what terms apply to using them.

Deposit Proof: Can I Trust ExpertOption With My Money?

Trusting ExpertOption with your money is questionable because it is not regulated, but at the same time, it is a widely used binary options broker with millions of real users worldwide. Your deposit will go through instantly in most payment methods, such as Skrill or Binance, but it may take 1-3 minutes sometimes.

Common Deposit Problems

ExpertOption users do not usually encounter deposit problems (unlike withdrawals!), but if you do, the ExpertOption customer service is unsatisfying and rarely responds, which may leave your concern unresolved. So to make sure your deposit transfers run smoothly, here are some of the deposit problems you might encounter and how to solve them:

1. Delayed Processing Time

Delayed processing time is the most common deposit problem you might encounter in ExpertOption. However, these delays are minor and are usually caused by slow payment processing time or high transaction volume at the time you make the deposit.

Most delays are only around 1-3 minutes, so we suggest you wait. To avoid deposit delays, use reliable payment methods like Binance Pay, Skrill, Neteller, Instant EFT, or any supported cryptocurrencies.

2. Deposit Amount Not Showing on the Account

Although rare, some deposits may not show on your account after the expected processing time. In some cases, the deposit will reflect on the transaction history but the deposit amount is not added to your total funds on the account. This is common for depositing using local banks or Unified Payment Interface (UPI).

ExpertOption supports multiple payment methods, but some of them are not reliable. So we suggest avoiding UPIs, credit cards, and virtual bank accounts as payments. Choose deposit methods with faster processing time and have a good relationship with ExpertOption like Bitcoin, altcoins, and e-payment systems. You can also use online banks with faster processing times, as long as your account is verified and ExpertOption is not explicitly banned in your country.

3. Declined Deposit Requests

Usually, a declined deposit request only happens if your account verification and KYC are incomplete since some deposit methods, like local banks, online banking, and Visa/Maestro/Mastercard, may require a verified account first. This may also occur due to technical glitches, but it will not affect your real money since the process didn’t go through, simply try to make a deposit later. Also, check if you exceeded your deposit limit for the day or if you haven’t met the minimum deposit amount.

To avoid this inconvenience, it’s best to verify your account and practice with the demo first before funding with your real money. Make sure your deposit method is supported and the details you input are correct.

Conclusion

Overall, deposit transactions on ExpertOption are quick and they don't have alarming issues as long as you are verified and you choose reliable methods, but you may encounter major problems during withdrawals, especially if you process them using their mobile apps. ExpertOption is an unregulated offshore broker, which means that there are no strong authorities that regulate the company's operations. Their policies can change without you knowing, and the dispute resolution of their customer service is poor. So there’s a chance you will not get your profits at all since your funds are not protected by any regulatory authorities.

Therefore, we advise you to choose a more trustworthy broker like Olymptrade or Exness because you can benefit from the same quick withdrawals, deposits, and multiple payment options, while also having a safer and more reliable trading platform.