eOption
selftrade
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Overview
eOption was founded in 2008 and is headquartered in USA, while selftrade was established in 2013 and is based in Australia. eOption holds licences including Unregulated, while selftrade is regulated by Financial Conduct Authority (FCA) among others. eOption serves 10,000+ clients worldwide; selftrade has 14,000,000+. The minimum deposit is $500 at eOption and $250 at selftrade.
| Feature | eOption | selftrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F304 |
| Founded | 2008 | 2013 |
| Country | USA | Australia |
| Clients | 10,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between eOption and selftrade, directly affecting your bottom line as a trader. selftrade has a lower barrier to entry with a minimum deposit of $250 (vs $500 at eOption). Both brokers charge withdrawal fees. eOption charges deposit fees; selftrade does not. The two brokers are broadly comparable on fee structure.
| Feature | eOption | selftrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
eOption offers MT4, MT5, cTrader, while selftrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. selftrade supports social and copy trading features, which eOption does not offer. The two brokers are closely matched on platform offering.
| Feature | eOption | selftrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eOption and selftrade compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | eOption | selftrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. eOption accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while selftrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). selftrade uniquely supports PayPal and Skrill and Neteller among the two brokers. selftrade scores higher on deposit and withdrawal flexibility.
| Feature | eOption | selftrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eOption and selftrade offer live chat support. Both provide phone support. Email support is available at both brokers. eOption supports 2 languages and selftrade supports 8, giving selftrade broader global reach. Both brokers are comparable on support quality.
| Feature | eOption | selftrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |