eOption doesn’t pretend to be something it’s not, which is very appealing to value-oriented traders who know exactly what they want. eOption’s claim to fame is its low-cost trades, which help keep commissions for active traders from cutting into profit margins. For traders looking for every last edge they can get in the market, eOption stock trades cost just $3 per trade, while options trades cost just $3 + 15 cents per contract.
But traders just starting out or those that need their hand held should probably look elsewhere. eOption has a handful of unique and helpful trading tools, but the platform provides very little guidance. In terms of education and strategy guides, links to outside websites, YouTube videos, and a standard blog are the extent of eOption’s educational tools. The platform does have a newsletter with a handful of trading ideas, but research is otherwise limited.
For international traders, eOption is open to account holders in Australia, Austria, China, Germany, Ireland, Luxembourg, Mexico, the Netherlands, New Zealand, Singapore, South Africa, Switzerland and the United Kingdom.
“Yes, their platform is very basic, but their low commissions and fees are great, and I can live with it,” one eOption user wrote in a recent review.
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