eOption Guide – Read our In-Depth eOption Review
This eOption review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this eOption review does not apply to US users.
If you're a new entrant in the realm of trading and broker, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of broker since you continue trading. For starters, you have to choose the ideal broker who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program will generate hefty returns. eOption is one such stage which will take you and your investment into great heights. It is important to know all about eOption until you trust them with your money.
Our entire eOption Review covers all you will need to learn about trading using eOption. A fantastic broker can multiply your first investments and provide you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you select them. It's a frequent misconception that all brokers are exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
eOption is a broker which has paved its way successfully to the broker world. Within this review, we've tried to collate a number of the important aspects of eOption. This review will allow you to understand whether eOption is a fantastic fit for your own investments or not. We've tried to breakdown all of the qualities and fees for your advantage.
eOption Review, Table Of Contents
- Who are eOption?
- Benefits Of Trading With eOption
- Everything you should know about trading with eOption
- Is eOption Safe To Trade With?
- Pro's & Con's Of Trading With eOption?
- Compare Brokers Similar To eOption
- Regulation And Licencing In More Detail
- eOption Awards
- Minimum Deposit Required For A Live Account With eOption
- eOption Commission And Fees Explained
- Compare broker fees against eOption
- eOption Withdrawal Fees Explained
- eOption Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With eOption?
- Alternatives To eOption
- Frequently Asked Questions About eOption
Who are eOption?
eOption is a forex broker headquartered in USA and provides a variety of tools for online trading. Since its beginning in 2008, eOption has emerged as a top-tier player in the industry of online brokerage. eOption has a highly aggressive and full-featured trading website that is focused on forex, indices, metals, stocks and commodities.
Over the past 13 years, eOption has grown into one of the leading online brokers.
After launching in 2008, their consumer base has become as big as 10,000+ clients.
eOption is a favorite of many dealers.. Our eOption review discovered that they are an excellent alternative for automated trading solutions. They're most appropriate for investors who are searching for a variety of assets. Social and automated trading solutions are the heart at eOption.
Technology plays a significant role at eOption. eOption features trading on DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web). eOption is fair, transparent, and also a well-regulated agent by the Unregulated. Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
The trader resource section at eOption is very insightful for new dealers since it allows them to get a closer look in the financial markets. eOption caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.
If you feel that eOption is not right for you then at the bottom of this eOption review you wil find a lot of alternatives to eOption.
Everything you ought to know about trading using eOption
eOption is a dynamic platform that provides various techniques of online trading. These instruments cover the monetary markets considerably. Most of the brokerage platforms provide less approaches than eOption
If you want to exchange with eOption, you will require a minimum deposit of $500. This deposit is required if you want to start trading with eOption. This 2021 eOption review will direct you clearly about trading with them.
eOption is as flexible as any other brokerage platform. eOption is great for traders that want a manageable variety of cheap services. The programs supplied by eOption are third party, white-label offerings. All traders can choose out of DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web).
Along with everything, eOption has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction has to be kept open. The brokers offer premium customer service which rewards customers with advantages.
Many unprofessional brokers try to pressurise consumers into larger funding for premium services. eOption, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater benefits will become available.
eOption accounts are available globally and provides quality service wherever they have clients. There are some select few countries where eOption accounts are not available. Traders in the following countries cannot open or use a eOption account:
Is eOption Safe To Trade With?
Established in 2006, eOption has been in operation for 13 years, they are headquarted in USA.
eOption is regulated by Unregulated. These figures have rules that make sure that trading platforms have measures in place to keep investor's resources secured. This means that eOption users don't need to worry about their money since it is segregated and safely stored in established banks. SSL encryption secures every user's personal information also.
You are able to make use of a choice for Two Factor Authentications (2FA) with eOption for heightened security. An SMS with the confirmation code will be sent to a phone. You'll be asked to input this code to log into your accounts.
Another concern with fiscal brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is more prevalent in the example of Market Maker brokers who compete with users on the platform.
Pro's & Con's Of Trading With eOption
Every online trading platform has a few ups and downs, and no eOption review would be complete without showing both sides. This eOption review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- eOption is trusted by 10,000+ clients
- eOption doesn't charge inactivity fees
- eOption doesn't charge deposit fees
- eOption doesn't charge CFD fees
- eOption offer trading on DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web)
- eOption offer 274 trading instruments
- eOption trades major forex pairs
- eOption can communicate in
- eOption does not offer Negative Balance Protection
- eOption does not offer Guaranteed Stop Loss
- eOption charge withdrawal fees
- eOption doesn't trade minor forex pairs
- eOption doesn't trade exotic forex pairs
- eOption doesn't offer trading on cryptocurrencies
eOption Review - Compare Brokers Similar To eOption
|eOption||Bell Potter Securities||Fidelity||World Forex Review|
|Regulated By||Unregulated||Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)||Vanuatu Financial Services Commission (VFSC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
eOption Review - Regulation And Licencing In More Detail
eOption is regulated by Unregulated.
eOption, as a business, has a powerful set of rules for ensuring fair trading on its own platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
eOption Review - Awards
- At the time of writing this eOption review, they had not received any awards.
eOption Review - Minimum Deposit Required
The minimum deposit that you need to begin on eOption is $500. This is a decent amount for people just starting out. It's possible to create more advanced deposits as you cooperate. But, ensure you understand how to make the most of your cash before investing in larger sums.
eOption Review - Commission And Fees Explained
eOption is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an online broker is not necessarily affected by the amount of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 different types of penalties for this objective.
The first sort of charges to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In such instances, you're paying a spread, financing rate, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight rates are people that are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake on your account. They are billed for surgeries like depositing cash, not investing for long periods, or withdrawals.
Generally, eOption doesn't charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees charged by eOption are relatively higher. As a result, you're charged more for non-trading actions on your trading account, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This eOption review breaks down each of the relevant non-trading fees for you in detail.
Compare broker fees against eOption
|eOption||Bell Potter Securities||Fidelity||World Forex Review|
eOption Review - Withdrawal Fees Explained
eOption charges a withdrawal fee if you make a bank transfer. Each time you transfer money back into your bank account, these withdrawal charges become important.
Withdrawal of money is possible at any moment from the eOption account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the margin used. 1 thing to keep in mind is that you don't necessarily have to have any money on your account.
Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, if you used a credit card for deposits, then the withdrawn cash is going to be sent into the card. eOption will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are opting to draw in.
eOption Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your mind while open an account with eOption. An inactivity fee is an amount charged to registered traders that have not participated in buying or selling for some time. The period regarded as inactive is decided by the agent.
The inactivity fee differs from 1 agent to another and isn't generalized. If a dealers account doesn't have a buying or selling trade, it's claimed by the broker as an inactivity fee. The traders need to pay this commission under terms and conditions that they had agreed while registering.
eOption doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are implied by eOption, it is best that you close the account if you are inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is subjected to a lot of circumstances and should be disclosed clearly by the broker beforehand.
eOption Review - Deposit Fees Explained
When you move money in your trading account by the bank account, a deposit fee can be billed by the broker. Most agents do not charge too much money for this particular operation.
eOption doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the eOption trading platform is easy. You just need to finish a single-user profile survey to start depositing money into your trading account. You will need to give an identity proof and evidence of residency to deposit large sums.
eOption Review - Compare Broker Deposit Methods
|eOption||Bell Potter Securities||Fidelity||World Forex Review|
What Can You trade With eOption?
Note: eOption provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may be different based on the country of residence of the client.
eOption has a wide variety of over 274 instruments available for you to trade with.
If trading forex pairs is of interest to you then eOption offer over currency pairs.
Compare eOption, Bell Potter Securities, Fidelity & World Forex Review below.
Alternatives To eOption
If, after studying this eOption review, eOption does not quite meet your requirements check out these eOption alternatives.
We've scoured the web to find the best alternatives to eOption. Click the links below to find out more.
Frequently Asked Questions about eOption
Can I try eOption before I buy?
Yes, you can most definitely try eOption before you buy. eOption offers demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demonstration account on eOption, you may set out using a decent amount of virtual money. It is to establish a sense of security and confidence in you until you decide to spend your own money.
With this virtual eOptiondemo account, you are able to experiment at all, to whatever length you wish. You might even open positions, test different trading approaches, and much more.
eOption specifies on its official site that you can trade real time stocks in a demo account.
Is eOption safe?
You can drop all of your worries because we believe that eOption is completely safe to use. It's in compliance with the rules of Unregulated.
Even so, eOption doesn't provide assured stop-loss protection.
Why does eOption ask for my passport?
The reason that eOption asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, eOption has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, eOption must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with eOption?
The process to start trading witheOption is perhaps simple enough to be a cakewalk. You need to begin by signing up on the eOption website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with eOption is $500. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with eOption.
The best way to kickstart your trading career with eOption is to open a demo account facility before risking any real money
What funding methods do eOption accept?
There are a number of methods to fund your account with eOption. The process is effortless and quick, with different payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal isn't available in every place. The currencies eOption
Is my money safe with eOption?
Yes, your money is safe and protected with eOption. As you already know, eOption works with proper conformation to. It's established plenty of measures to protect all of its own investors.
eOption protects its customers' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further safeguard your account, it is possible to empower Two-Step Verification also. It takes an SMS confirmation for you to access your accounts.
Is eOption trading good?
Yes, trading via eOption is a nice and decent experience indeed. It is a great and intuitive platform with helpful features for your ease. In addition, you can even gain access to a huge selection of educational tools and assistive substance to kickstart your trading experience.
If you are still skeptical, it is possible to start a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries does eOption support?
eOption operates across the world. However, due to regulations there are some countries that eOption can't accept clients from
Is eOption legit?
eOption is a legit company headquarted in USA since 2008. They are regulated by Unregulated. eOption is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is eOption a good broker?
eOption is a great agent, and its users can vouch for this. The highlight of the platform is its fast order execution on transactions.
You will discover the clean layout of this platform and the commendable features a pleasure to work with.
Is eOption a trustworthy broker?
Yes, eOption is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for eOption?
The minimum deposit to open a live account with eOption is $500
How long do eOption withdrawals take?
Normally, withdrawal of money from eOption is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from eOption to show in your bank account.
Are eOption regulated?
eOption are regulated by Unregulated
Is eOption a market leading broker?
eOption is indisputably one of the business leaders. It supports over 10,000+ registered users and over 13 years of expertise on its own record. They are among the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad selection of tools plus resources so you may invest in capital markets.
Is eOption a con?
No, eOption is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that eOption is not a scam.
Can you make money with eOption?
Using eOption, many traders earn a lot of money. But typically, through consistent trading, you also can create between 2% - 10% profit a month.
This may seem like a little number, but over the entire year, this adds to a substantial amount of gains. Even though eOption provide you all of the tools to make money, they can't guarantee you will profit.
Does eOption have fees?
Yes. To start trading with eOption, you have to deposit $500. Certain commissions while trading also apply. Any processing fees from your bank will need to be incurred by you.
When was eOption founded?
eOption was founded in 2008 in USA. eOption is regulated by Unregulated.
How many people use eOption?
eOption is a worldwide recognised agent with 10,000+ customers.
Where is the eOption head office?
eOption has its head office in USA
Does eOption offer negative balance protection?
Does eOption offer guaranteed stop loss?eOption regrettably, does not offer guaranteed stop loss. eOption provides an opportunity for its dealers to close their trades in their specified price. Aside from that, eOption does not provide guaranteed stop loss.
Does eOption allow scalping?Yes, eOption do allow scalping. Many traders across the world choose eOption for their scalping services. They offer trading on DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) which allow this.
Does eOption allow hedging?
Yes, eOption does allow hedging.
Can you trade energies with eOption?
No, unfortunately you cannot trade energy stock with eOption
Can you trade agricultural shares with eOption?
No, unfortunately you cannot trade agricultural stock with eOption
Can you trade cryptocurrency with eOption?
No, unfortunately you cannot trade cryptocurrency with eOption
Can you trade metals with eOption?
No, unfortunately you cannot trade metals with eOption
Can you trade UK Shares with eOption?
Yes, you can trade UK shares with eOption
Can you trade US Shares with eOption?
No, unfortunately you cannot trade US shares with eOption
Can you trade Japanese Shares with eOption?
No, unfortunately you cannot trade Japanese shares with eOption
Can you trade German Shares with eOption?
Yes, you can trade German shares with eOption
Does eOption accept bank transfers?
No, eOption does not accept bank transfers.
Does eOption accept credit cards?
No, eOption does not accept credit cards.
Does eOption accept PayPal?
No, eOption does not accept PayPal.
Does eOption accept Skrill?
No, eOption does not accept Skrill.
Does eOption accept Payoneer?
No, eOption does not accept Payoneer.
Does eOption accept Neteller?
No, eOption does not accept Neteller.
Does eOption offer Live Chat customer support?
No, eOption does not offer customer support through live chat.
Does eOption offer phone customer support?
No, eOption does not offer customer support over the telephone.
Does eOption offer email customer support?
No, eOption does not offer customer support through email.
What languages can eOption communicate in?
eOption has the ability to communicate and support customers who speak:
Does eOption have a wikipedia page?
No, eOption does not have an official wikipedia page.
Does eOption offer demo accounts?
Yes, eOption offers demo accounts so you can learn their systems before risking any real money.