Founded in 2007, eOption is an online trading broker that was created with the aim of offering low-cost trading with fast and efficient execution. They provide traders with their proprietary trading platform — eOption Trader — whilst offering ultra-low commission rates. With this broker, you will have access to multiple financial markets, including options, bonds, equities, mutual funds, and more, and no minimum deposit is required to start trading.
eOption Review, Pros & Cons
- Proprietary trading platform
- Educational resources
- Multiple financial instruments
- Minimum $1 deposit
- Lack of account funding options
- No standalone trading tools
- No MetaTrader platforms
- Limited countries accepted
In this detailed eOption review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
eOption is a multi-asset brokerage firm that operates from Glenview, Illinois, in the US. They provide traders with a proprietary trading platform to ensure seamless access to various financial markets. There are various learning resources on the broker’s website, whilst a client support team is available to assist traders. The broker has bagged several industry awards in recognition of the satisfactory brokerage services. Some of the awards include the Best Broker for Low-Cost Options Trading by Investopedia, Best for Low-Cost Options Trading by Benzinga, and more.
There is no regulatory information on the broker’s website at the moment. But operating in the US, the broker must abide by the regulatory rules set by the SEC and FINRA.
The broker accepts unsolicited accounts from non-U.S. residents from the following countries: Austria, Australia, China, Germany, Ireland, Luxembourg, Mexico, Netherlands, New Zealand, Singapore, South Africa, Switzerland, and the United Kingdom (England, Northern Ireland, Scotland, and Wales).
Some eOption features and products mentioned within this eOption review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with the Free eOption Trader, a proprietary trading platform that is designed for trading the available financial markets with ease. The innovative and user-friendly trading platform allows you to maximize your experience with stocks, options, and many other investment opportunities. It features several built-in tools, including auto trading tools, to help traders get the best trading experience. The platform is available in desktop, web, and mobile versions.
eOption Trading Tools
There are no standalone trading tools on the broker’s website at the moment, but the proprietary trading platform is equipped with plenty of tools to suit even the most demanding traders.
There are several educational resources on the broker’s website to improve your trading expertise. Some of the learning resources include educational articles, blogs, research tools, analysis tools, and video tutorials.
The broker offers the following trading instruments: options, bonds, equities, mutual funds, and more.
eOption Accounts & Fees
The broker offers one live trading account option, and the account has no minimum deposit requirement.
As broker fees can vary and change, there may be additional fees that are not listed in this eOption review. It is imperative to ensure that you check and understand all of the latest information before you open an eOption broker account for online trading.
The broker’s client support team is available 24/5 to respond to clients’ general, technical, and account-based inquiries via the following contact channels: telephone, email, online form, and social media.
eOption Deposit & Withdrawal
The following payment methods are available at eOption for both account deposits and withdrawals: wire transfer, ACH, checks, and account transfer.
eOption Account Opening
To open an account, click on the “Open Account” button at the top-right corner of the broker’s website and fill in the account application form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
eOption is an online retail broker that is based in Glenview, Illinois. They offer access to multiple financial markets using an in-house-developed trading platform, which is available in desktop, web, and mobile versions. The broker provides traders with some trading tools whilst offering low-cost brokerage services. Their website is replete with different learning resources, while a responsive client support team is readily available to assist at any time. Interestingly, there is no minimum deposit required to start trading.
Options Disclosure: Options involve risk and are not suitable for all investors. Before trading options, you must be approved for options trading and read the Characteristics and Risks of Standardized Options.