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Warning: binary options are high-risk. Most retail accounts lose money and you could lose everything you deposit. Risk warning

BinaryChooser

Expert Option alternatives

Other platforms open to residents of Mongolia, and the situations where each one fits better.

Expert Option logo

Expert Option · 3.7/5 · Lowest deposit $10 · Read the review

Why traders leave Expert Option

  • No government licence
  • Fewer instruments than the leaders
  • Better payouts reserved for bigger deposits
  • Dormant account fee after a quiet period
  1. Pocket Option logo

    1. Pocket OptionOur pick

    4.1/5

    When it fits better

    Pick it for a USD 5 entry point and copy trading built into the platform.

    Lowest deposit
    $5 vs $10
    Top payout
    92% vs 90%
    Good for
    Very small first deposits and copying other traders
    In Mongolia
    Accepts residents
    Compare in full with Expert Option
    Pocket Option trading screen
    The trading screen: asset, timer, stake and the payout shown before you trade (+67% on BNB OTC here).

    Pocket Option and Expert Option by the numbers

    —Pocket OptionExpert Option (what you use now)
    Lowest deposit$5$10
    Lowest trade$1$1
    Top payout92%90%
    Win rate to break even52.1%52.6%
    Smallest withdrawal$10$10
    Practice balance$50,000$10,000
    What you can trade100+~100
    Trade durations3 seconds – 4 hours5 seconds – 24 hours
    Pay-out speedTypically 1–3 working days; crypto often quicker (user reports)Within 2 working days according to the platform; e-wallets and crypto can be quicker
    BinaryChooser score4.1/53.7/5

    What Pocket Option adds

    • Platform and apps: 4.7 vs 4.3
    • Costs and minimums: 4.8 vs 4.1
    • Payment options: 4.6 vs 4.2
    • Support: 4.2 vs 3.9
    • Contests
    • Markets where Pocket Option accepts you and Expert Option doesn't: 1

    What you lose

    • iPhone app
    • Markets where Expert Option accepts you and Pocket Option doesn't: 1

    What we think of Pocket Option

    Where it accepts you, Pocket Option is the easiest place to begin: small minimums, a tidy platform and useful copy trading. The price is weak oversight and public warnings, so deposit little and try a withdrawal early.

    Not for you if: You want a regulator behind your money, or contests make you trade too much

    More Pocket Option screenshots

    Pocket Option home page
    Pocket Option's home page with the sign-up form and the free demo link.
    Pocket Option copy trading
    Copy trading: one trader's public stats and the 24-hour leaderboard, with names and IDs blurred.
  2. Olymp Trade logo

    2. Olymp Trade

    3.9/5

    When it fits better

    Pick it for a long-running platform and a company registered in Vanuatu.

    Lowest deposit
    $10 vs $10
    Top payout
    93% vs 90%
    Good for
    Traders who want a mature app and a registered company
    In Mongolia
    Accepts residents
    Compare in full with Expert Option
    Olymp Trade platform
    Olymp Trade's trading screen: asset, timer, stake and payout before you trade.

    Olymp Trade and Expert Option by the numbers

    —Olymp TradeExpert Option (what you use now)
    Lowest deposit$10$10
    Lowest trade$1$1
    Top payout93%90%
    Win rate to break even51.8%52.6%
    Smallest withdrawal$10$10
    Practice balanceYes$10,000
    What you can trade100+~100
    Trade durations5 seconds – 23 hours5 seconds – 24 hours
    Pay-out speedDepends on account level and method; higher levels firstWithin 2 working days according to the platform; e-wallets and crypto can be quicker
    BinaryChooser score3.9/53.7/5

    What Olymp Trade adds

    • Costs and minimums: 4.4 vs 4.1
    • Support: 4.2 vs 3.9
    • Contests
    • Markets where Olymp Trade accepts you and Expert Option doesn't: 1

    What you lose

    • Copy trading
    • Demo with no sign-up

    What we think of Olymp Trade

    Olymp Trade is just behind the leading three: a mature platform and better documentation than most offshore rivals, with the usual offshore limits on protection.

    Not for you if: You need a strong regulator or live in India

    More Olymp Trade screenshots

    Olymp Trade home page
    Olymp Trade's home page with sign-up and the free demo.
    Olymp Trade deposit page
    Olymp Trade's cashier with payment methods and minimums.