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eOption

http://www.eOption.com

Corporate Office:
950 Milwaukee Avenue
Suite 101
Glenview, IL 60025

Toll-free: 1-888-793-5333
Outside North America: 1-847-375-6080
Fax: 1-877-367-8466
Email: support@eOption.com
Category: Discount Broker

Slogan: Exercise Your Option to Save
     

General Description: Supported by over 30 years of options experience, eOption was established in 2007 as a division of Regal Securities, Inc., member FINRA/SIPC, a Chicago area broker/dealer since 1975.

eOption was created with the goal of giving strategy traders the edge. Complex order entry is made simple by combining strategy-centric trading capabilities, analytics, strategy scanners and one-click closeout of multi-leg orders. Our web-based platform3 allows you to trade up to 4-legs from a single screen and displays a real-time quote on each leg of an order, as well as on the overall strategy. Direct access trading and multiple platforms for active traders are also available, giving clients a powerful suite of trading tools and solutions.

eOption offers fast and accurate execution capabilities on all major exchanges, simple order entry and ultra low per contract pricing. As a diversified financial services firm, eOption offers stocks, mutual funds, fixed income products, and no-fee IRAs.

For accurate and straightforward trading, access to experienced brokers, and great value: Exercise your option to save with eOption.

National headquarters are located at 950 Milwaukee Avenue, Suite 101, Glenview, IL 60025 with branch and local offices nationwide.

Stocks: $5 unlimited shares, market or limit.

Options: $5 plus 25 cents per contract.

Try the Option Commission Calculator to compare eOption to other brokers.

Whether you're just looking to purchase that new hot tech stock, or implementing Condor and Butterfly strategies, eOption has the services you need to succeed. You may open and fund your account at www.eOption.com. Supported by 30 years of options experience, we offer fast and accurate option trading with ultra low per contract pricing. And if you need broker assistance, our specialized brokers have the ability to handle complex option trades and strategies.*

Features:

  • Strategy Centric Trading
  • Complex Order Entry Made Simple - Our easy to use order entry pads make complex order entry simple. 2-legs, 3-legs, 4-legs all may be traded online. We give you a real-time quote on each leg of the order as well as and on the overall strategy.
  • Group Positions by Option Strategy - Instead of displaying your strategies as individual legs, view strategies as a group.
  • One Click Closeout of Multi-Leg Orders - Close out a Condor with a single click. Just click "Trade" and all four legs will be pre-populated for you.
  • Quotes & Research - Real time, multi-channel quote module for access to comprehensive stock quotes, research and expanded analytics, option chains, stock screener, mutual fund profiles, and Level II/Depth. The Regal Desktop Streamer includes interactive and expanded charting options and the streaming web Portfolio Manager: Track up to 10 portfolios of 52 symbols.
  • Analytics, Strategy Scanners & Screeners - Our strategy scanner can search the markets for the best covered calls, spreads and straddles based on several search functions and criteria such as underlying stock price, volatility, expiration, estimated return, probability of trade success and option price range. Screener features include customized search options by exchange, share value, performance, moving average, trading & volume, valuation or fundamentals.

Low margin Rates

Daily Average $ Debit Balance Interest Rate
Less than 49,999 1.50% above broker call rate
50,000 to 99,999 .75% above broker call rate
100,000 to 249,999 at broker call rate
250,000 to 499,999 .50% below broker call rate
500,000 and above 1.00% below broker call rate

Trade stock on margin with a market price as low as $3.00 per share.

Additional Services: DID YOU KNOW? eOption offers access to a variety of investment products including a full service bond desk to assist in building a diversified portfolio.

  • Fixed Income - Contact a fixed income specialist at 1-888-897-8133 for more information.
    • Certificates of Deposit (CDs)
    • Corporate & Municipal Bonds
    • Preferred Stock
    • Reverse Convertibles
    • Unit Investment Trusts (UIT’s)
    • US Government Treasury & Agency Securities
    • Zero Coupon Bonds
  • Mutual Funds - Choose from nearly 600 mutual fund families. Trade mutual funds online or call 1-888-793-5333 to place an order.
  • American Depository Receipts (ADR’s)
  • Exchange Traded Funds (ETF’s)
  • IPOs
  • Foreign Securities & Currency Settlement

Miscellaneous:

  • No hidden charges, annual maintenance fees, inactivity fees or volume requirements to qualify for our low commissions
  • Multiple Direct Access Trading Platforms for Active Traders – eOption offers multiple platforms for active traders including Real Tick, Bon Trade and Omni Pro. Choose the one that’s right for you. Commissions as low as 1/2 cent per share.
  • No-Fee IRAs: Option trading in IRAs for qualified customers
  • Cash Management Services: Checking, Visa Check Card, Web Bill Payment

* Broker Assisted Trades are an additional $15.00
** Free streaming quotes are available for qualified customers.

Risk Disclosure: Options involve risk and are not suitable for all investors. Investors should understand these and additional risks before trading. Before considering any option transaction, please read Characteristics and Risks of Standardized Options provided by the Options Clearing Corporation (OCC), available in Adobe Acrobat PDF format. A current copy may also be obtained by calling eOption at 1 (888) 793-5333 or by mailing your request to eOption, P.O. Box 9503, Fort Myers, FL 33906-9503.