Masteroption Review, Is It a Scam

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Masteroption Review

Masteroption Ratings

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Masteroption has been around since 2009 and has successfully established well operated binary options broker services. They have collected customers all around the world. They are using Spotoption trading platform, which serves their customers excellently and flexibility.

Excellent features and tools are thing from which Masteroption is known. They offer exceptionally good risk management tools for their traders and for example the option builder can be used to customize the investment portfolio to better respond for traders’ interests.

Their success cannot be pure luck and longer term systematic customer orientation shows up in many parts of the trading experience. Read the whole review to get the full picture or start trading with Masteroption right away and join the successful traders today.

Following topics will be reviewed in this article:

  • Masteroption features and their site
  • Bonuses and Account types
  • Masteroption trading platform and features
  • Support and Services
  • Mobile trading
  • Educational material and news
  • Banking
  • Conclusion

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    Introduction Video

    Masteroption in a Nutshell:

    • Broker: Master Options
    • Platform: SpotOption
    • Founded: 2009
    • Bonus: Up to 100%
    • Return/Refund: Up to 85%
    • Number of Assets: Around 100
    • Regulated: No
    • Education Center: Videos, eBooks, articles
    • Mobile Trading: Yes
    • Minimun Deposit: $200

    trading platform

    Masteroption Features and Their Site

    First of all Masteroption is not regulated by the CySEC nor any other regulatory body. They have choice to do that because it leaves them more space to organize their operations more flexibly and choose their customers where they want without any restrictions. This does not mean by any way that they would be untrustworthy. Unfortunately they don’t accept US customers, so if you are from US, I recommend choosing one of the following broker sites:

    Bonuses and Account Types

    Masteroption account types are covering and serving the whole range of traders from beginners to professional traders. They offer 4 account types which will be determined by the size of the initial deposit that trader chooses to transfers into the trading account.

    Account types are named for mini, platinum, premium and infinity. Those include different set of features and bonuses and other helpful material and tools related to trading. They are compensating better those traders who will show commitment towards their trading activities by depositing more. This is a regular approach from the broker to reward traders. Bonuses start from 25% and will increase by 25% steps from mini to infinity account.

    Mini account: Deposit €500+

    • 25% Investment Bonus
    • Mobile trading App
    • Education center access
    • VOD courses access
    • Training articles access
    • Analysis Techniques access
    • Free economic calendar
    • Financial news feed
    • Personal introduction session

    Platinum account: Deposit €2,500+

    • 50% Investment Bonus
    • Mobile trading App
    • Education center access
    • VOD courses access
    • Training articles access
    • Analysis Techniques access
    • Free economic calendar
    • Financial news feed
    • 1 Risk-Free Trade
    • 15 minutes personal trading session

    Premium account: Deposit €5,000+

    • 75% Investment Bonus
    • Mobile trading App
    • Education center access
    • VOD courses access
    • Training articles access
    • Analysis Techniques access
    • Free economic calendar
    • Financial news feed
    • 3 Risk-Free Trades
    • 30 minutes personal trading session
    • PROFOLLOW Access
    • Quick withdrawals access
    • Smart portfolio risk management plan
    • 1 Trading strategy coaching

    Infinity account: Deposit €25,000+

    • 100% Investment Bonus
    • Mobile trading App
    • Education center access
    • VOD courses access
    • Training articles access
    • Analysis Techniques access
    • Free economic calendar
    • Financial news feed
    • 5 Risk-Free Trades
    • 60 minutes personal trading session
    • PROFOLLOW Access
    • Smart portfolio risk management plan
    • 3 Trading strategies coaching
    • Personal Broker
    • VIP Hotline access
    • Financial events notification
    • 3% monthly interest
    • 15% monthly cashback
    • VIP withdrawal service

    As you may see from the list of features that will be included to each account, the more trader deposits the more will be provided from Masteroption’s toolbox. The basic account will serve beginners but trader will increase the possibility of success if more tools are provided from the brokers’ site.

    Our recommendation is that, if trader has possibility to deposit more than is required to the first account level, then he or she definitely should deposit more. It will give more assets to the trading, bigger bonus and therefore even more trading assets but for most importantly, it will increase the traders available toolbox and materials for learning and also the personal guidance from Masteroptions. This helps to make more money in shorter time with greater success factor or percentage of winning trades.

    Minimum deposit is €200 and minimum trade is 10 euros or dollars. Maximum amount per single trade is 1500 dollars or euros which is a little lower than the highest amounts that some brokers such as Banc de Binary and Anyoption offer and might be even lower than the average max. which is around 2000 and 3000 per single trade.

    Masteroption Trading Platform and Features

    The trading platform is probably familiar for professional traders from other broker sites that also use the Spotoption platform. To new beginner traders we can fortunately say that the appearance and functionality of this platform is great and it is very easy to learn and use.

    As we were testing the site and platform we noticed that luckily Masteroption has included all the features that Spotoption platform allows them to, and therefore the option types that are included there is massive and widest in the industry. Most of the brokers offer regular options, one touch, 60 seconds and long term options. On top of that Masteroptions offer pairs , ladder which are very rare, FX/CFD which also is rarely seen and the spotfollow feature where traders can follow and copy other successful traders. That is also very efficient way of learning and making better decisions and trades by watching how other successful traders do their investments. Spotfollow is quite similar to Copyop, where you can earn money by copying the best traders, if you are intrested, I recommend to reading the following article:

    • Copyop Review (Earn money by copying the best traders)

    Masteroption payout is generous up to 85% profits in regular options but of one touch the profits will reach other spheres. Onetouch options offer several hundred percentages of profit for example 300% that will pay back the original invested amount and three times more on top of that. Ladder options will take this to another level by offering several stages of profits starting from lowest around 200% and topping for 1000% and even more. One touch and ladder are for those who love risk taking and superior profits

    Masteroption risk management tools are greater than average and to mention one the “buy me out” feature will save a lot of assets when rightly used. This allows trader to get rid of the already made trade if it seems that it will not be in the money. Buy me out feature will cost a little as the trader will not receive back all that was invested. But he get back significant portion, which is a lot better than losing the whole trade. This is incredibly valuable feature for traders if they know and are able to end some of the trades before their expiry.

    Expiry times vary from 60 seconds fast options to long term 12-14 months trades. All expiry times between that range is possible if the right option type is chosen. Expiry times are very flexible, this is crucial way of dividing the risk of course between asset types but also between different time periods.

    Support and Services

    Effectiveness of the customer support is one important measure of the brokers ability to take care of its traders and their best interest. Other measure is how good answers and helpful they can be to their customers. Masteroption offer 24/7 support to their traders via phone, live chat and email. Our experience was that the customer service helps with any questions that their traders might have and with great experience. Seems that there are professionals working in that part of the Masteroptions too.

    Mobile Trading

    Masteroption with Spotoption platform of course is up to date and offers up to date mobile version with great features. It is as easy to use as the browser version and has all the same features. Easiest way of getting it into use is to make an account through their site, deposit money and then downloading the Masteroption mobile trading app from Google Play or App store. We recommend starting now because trading has never been that easy!

    Educational Material and News

    Masteroption offers great education center that covers all the information that is needed to trading. There are digital book library, articles about trading and plenty of video courses to both beginners and for advanced traders. Courses cover pretty much the same issues as competitor sites. There are also common course about economics and in depth courses for several topics that are beneficial to know.

    Masteroption also provides economic calendar to its traders where to look and get information about upcoming events and notifications that might affect on the price of particular asset type. Related to that their weekly news section, or outlook as they have named it, will gather the most important news under one site which is effortless to check out and take notes.

    Masteroption economic calendar


    Banking works easily with Masteroption. Deposits can be made through credit cards and wire transfer. Straight forward money transfers with secured connections and segregated account policy.

    Withdrawals take typically 2-4 business days and will be transferred with the same methods as available with deposits. Withdrawals might include fees depending on the institution and chosen currency. Withdrawals requires a verification of the account.


    Masteroption has been around long enough to be stated as a reputable broker with regular customer base. They are trusted even though not licensed. Their variation of option types and features is one of the widest and traders have all possible tools to build up their portfolio. They actually have all the features that we have seen included in Spotoption platform with different brokers. Masteroption has gathered all of them so that traders are supported as much as they can be.

    Overall review we will give Masteroption 4,8 stars out of 5 as binary options broker site. [yasr_overall_rating]

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    Broker Name: ExpertOption
    Platform: ExpertOption
    Founded: 2020
    Bonus: 100% Bonus
    Return/Refund: 89-95% / 0%
    No. Of Assets: 100+
    Regulated: FMRRC
    Demo Account: Yes
    Minimum Deposit: 50
    US Traders: Not Accepted

    ExpertOption Review

    ExpertOption is a well-known binary options broker founded in 2020 and is operated by EXPERTOPTION LTD. ExpertOption is certified with FMRRC,Financial Market Relations Regulation Center, a non-governmental voluntary oversight agency. Their certificate number is 0395 AA Vv0113. They claim to be regulated by VFSC, Vanuatu Financial Services Commission but we couldn’t verify the claim.

    Editor’s Note: Why does ExpertOption Suck in 50 Words?

    What sucks is that bonuses lock your funds and you can’t withdraw or cancel the bonus once you have started trading. But according to their live chat, they don’t offer bonuses anymore, so I don’t really know what to make of all this (see the Bonus section below). Also, we can’t confirm how strong and effective an FMRRC regulation really is.

    Why ExpertOption DOESN’T Suck in 50 Words?

    Two things I immediately see and like 1. You can start with a 10,000$ demo account without signing up which is a decent enough amount for practicing and feeling out the platform. 2. They are very transparent regarding the countries they can’t allow due to regulations.

    Is ExpertOption a Scam?

    ExpertOption comes off as transparent providing their certificate number and information. They are also regulated by FMRRC and claim to be regulated by VFSC (however, we couldn’t find them on the VFSC official website). FMRRC is a non-official “regulator” based in Russia. This organization is created for the purpose of regulating brokers. However, unlike with CySEC, we can’t really be sure how strict FMRRC is when it comes to monitoring brokers. And on top of that, at the time of writing, their FMRRC license is expired for about a month and we have no way of knowing if they will renew it or not.

    What is good to see however is that ExpertOption does not appear to be soliciting clients where they are not licensed. In fact, we got a message popping up saying our country was not accepted.

    Should I open an Account with ExpertOption

    You can open an ExpertOption account with only 50$ which is a fairly low amount or start with their relatively big demo account of 10,000$. The maximum investment amounts per trade are relatively low at 25/250/1000/2000/5000 for each account type, Basic, Silver, Gold, Platinum and Exclusive respectively.

    The payouts, however, are advertised to reach up to 95% but the comments we have found to tell another story. Apparently, if you are successful, the payouts will decrease by 50% or more! To confirm that this wasn’t just the case of a couple of angry customers ranting on the internet, we checked various sources and looked for more comments. Unfortunately, we couldn’t reach a clear conclusion.

    The platform itself looks nice and you have access to several indicators and technical tools like horizontal lines and trend-lines. You can also turn on or off the “trader’s deals” which shows where other clients are entering their positions. You can also use 4 different kinds of charts such as candlestick charts and different time-frames. Something I found helpful was that I could split the charts into two sections so I could monitor two assets simultaneously. The unique thing about their platform is probably the “full-screen mode”, a feature I have not seen with many other brokers. The platform is also available for download but what it lacks is a good explanation on how to use it.

    The company does not provide services to clients from the following countries: USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Japan, Korea, Puerto Rico, and Sudan. The full list is mentioned under their “terms” and it pretty much includes all countries that require a local regulatory certification.

    Overall, ExpertOption is a good option because they offer a free demo (no registration needed) and a very low minimum deposit of 50$. Use their demo, then deposit the minimum (if you liked the demo of course) and see how it goes from there. It doesn’t have to be a huge commitment; test them out first. The minimum investment per trade is only 1 dollar so you have good leverage with a 50 deposit.

    ExpertOption is located in Saint Vincent and the Grenadines, 1510, Kingstown, Suite 305, Griffith Corporate Centre. Registration number 22863 IBC 2020. In their Terms and Conditions, they mention that payment solutions are provided by Vestede Limited, a company located at Suite 3, 2nd floor, Icom House, 1/5 Irish Town, Gibraltar, incorporation No. 116061. This company provides payment services for They can be contacted at phone: +44 20 3868 3160 and email [email protected]

    ExpertOption broker Complaints

    We couldn’t find that many comments but it’s not strange because most EU countries are not allowed due to regulations and neither is the US and Canada. The few comments we did find from various sources, however, told the same stories: the payouts will decrease if you are making money and only increase back when you lose. Also, the bonus lock will bring the usual bonus issues so beware of that. However, a broker can change their payouts as they wish and that in itself is not really a scam bad just bad service.

    ExpertOption Regulatory Announcements and Warnings

    Since ExpertOption does not accept clients from most European countries it is not strange we can’t find the regular warnings and fines we usually find on other brokers.

    ExpertOption Bonus

    Bonus percentages depend on account type and a volume of 50 times your bonus must be reached before you can withdraw your own deposit and/or the bonus.

    However, a live chat representative mentioned that Bonuses are no longer available. This is weird because they still offer bonus information in their Terms and Conditions.

    Trading Bitcoin With ExpertOption

    ExpertOption is another broker that is going “all in” with Bitcoin and cryptocurrencies. Their crypto basket is quite big and the trading conditions are good, on paper at least: Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin, Ripple, IOTA, Monero, Zcash, Dash and even some exotic pairs like BTC/THB (Bitcoin vs Thai Baht) or BTC/INR (Bitcoin vs Indian Rupee).

    The payouts for successful trades go up to 88% and the lowest I’ve seen was 72%. This is very high for cryptocurrencies (some brokers offer 20% to 50%) that’s why I say “on paper”. It’s possible for these percentages to go down during volatile times. The expiry times for cryptos are limited to a maximum length of 5 minutes.

    ExpertOption Ratings

    User Friendly 18/20

    The website is user-friendly and comes in 15 languages. The platform itself is great but it really needs a good explanation or tutorial. On the plus side, the education area is well-worked on with strategies, technical analysis, glossary, psychology and lots of other information.

    No. of Assets and Expiry time 17/20

    There are a number of OTC assets you can trade over the weekend with 89-95% payouts. The asset index is very wide and includes tons of currencies, stocks, commodities, etc. but also a lot of cryptocurrencies (outlined in the section above). However, the expiry times need some work because the longest I’ve seen was 5 minutes (maybe it’s because I used a Demo account).

    Commissions, Support and Effective return 16/20

    The returns are promised to reach up to 95% but you are not going to find many assets reaching that high during the trading week and people have reported that these high payouts get lowered shortly after you start profiting. A 10% fee will be deducted from your withdrawal if you have not traded on your account more than you have deposited. Live chat is available for support.

    Deposit, Payment and Bonus 17/20

    The minimum deposit is low, at 50$ only but bonuses are unclear. Some parts of their website state that bonuses will be awarded but live chat told me they don’t offer bonuses. It’s unclear which version is true but their T&C say that accepting bonuses means you cannot withdraw unless you have reached a trading volume of up to 50 times the bonus. The transaction methods supported are Visa, MasterCard, Maestro, Neteller, Skrill, Perfect Money, FasaPay and others. The minimum withdrawal amount is 10$ and the advertised processing time is 2 business days.

    Website Extra’s 17/20

    The platform can run two charts/assets at the same time and a full-screen feature is available, something we have not seen with many brokers before. ExpertOption is also launching an ICO for its own coin: EO Coin, which will power three platforms. For more info about the ICO, read the White Paper.

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