eOption – review and feedback of the options trading platform

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eOption – trading platform overview

✅ This Trading Platform is available in Russia

Overview of advanced brokers in simple words: eOption

If you organize a small study, the purpose of which is to determine what is hindering the development of modern financial brokers, then one of the main reasons will be complicated terminology and ways of presenting information on specialized web resources. They are mainly focused on professional economists with the necessary knowledge. Even an educated person with a higher technical education vaguely imagines what “spread”, “cross rate”, “leverage”, “lot” are, how a trader differs from a broker and much more. Very often, an educated techie is just too shy to show gaps in this area of ​​knowledge. Therefore, many smart citizens with good intuition and the ability to grasp everything “on the fly”, after reading a few reviews about the activities of companies operating in the online trading industry, for many years (or more often, forever) throw this interesting and promising activity. Even famous, in their circles, eOption inevitably had a similar fate.

But this broker allows you to make a profit, both for experienced professional traders and beginners: from smart kids of school age to pensioners who categorically refuse to recognize the approach of old age! But how to put the goals in practice? Diligence, perseverance, knowledge of mathematics, the desire to earn their own money, as well as self-confidence – these are the key success factors. But skeptics in one voice will begin to argue that you could just as well carry bricks, cement at a construction site, or unload wagons. Such comparisons are absolutely unacceptable, but in order to verify this, we will conduct a detailed analysis of modern online trading.

Why eOption inspires trader confidence

Even young people who, due to hormonal changes, are prone to adventures, risky operations and various ways to turn reckless projects, in all aspects of online trading, try to act very carefully. First and foremost, carefully examine what security criteria a particular broker offers them.

Security

Among the available functions that members of the service can use are:

● Automated trading (over time, it can become a visual aid for entering into transactions, which will become a reliable source of small but stable income).

● Experienced, international traders can be an excellent example for entering into promising deals and implementing interesting projects that raise your image and promote a new trend.

● And one more important point – as if the situation did not develop, your savings with the right approach will always remain with you.

The software will work for the management of the company, but you do not need to delve into all the subtleties of this business, your goal is to obtain a stable income. Therefore, it is necessary to take into account such factors as the storage of personal money (deposits) in separate accounts in large, verified banks. For example, for some reason your broker is in a difficult financial situation and he has problems with fulfilling his obligations, but this does not affect the status of the trader’s deposit. Profitable? Of course, but this is not the only step to protect your resources. The application prepared for eOption and proven sites have repeatedly proved their reliability, speed of completion of tasks and security of the information provided. That is, if you buy some assets, no one will know about your act and the resulting profit as a result of the transaction.

Regulation

By registering on eOption login, the trader must receive documents of the relevant authorities, which give the right to provide financial services. In this case, it is:

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● Financial Industry Regulatory Authority (USA) – one of the strongest regulators in the world. Americans are careful about legality and will never allow scammers, adventurers, money laundering specialists, etc., to work on their trading platform.

● Securities Investor Protection Corporation (USA) – a corporation for the protection of investors’ rights, which ensures that all financial obligations to traders are fulfilled in full.

It turns out that the client of the trading platform has nothing to fear from various force majeure circumstances or temporary financial difficulties with his broker, or the cyclical nature of the development of the global financial market. No wonder it is often compared with the color of a zebra: the strip is white – the strip is black …. But against this background, the main thing is to remain optimistic and believe in your own strength.

Training

The administration of the trading platform is trying to create the most comfortable conditions for the work of its customers, but at the same time they make it clear that “sitting on their necks, dangling their legs down” will not work. Acting within the framework of the law, they learned how to solve any conflict situations. The broker’s goal is to create an intuitive interface that almost every schoolchild will understand, and after a week or two of independent work, he will feel confident on the presented site.

Without going deep into the theory, many newcomers immediately begin the practical part. Having learned all the details on eOption demo accounts, which make it possible to go through all the nuances of training online trading, they boldly open a real account and start a serious game.

Basic requirements for eOption traders

One of the main advantages of the presented web resource, judging by the reviews compiled by eOption, experienced traders call the opportunity to combine the process of making money with an increase in the level of their own training. But you should always remember about the established parameters of cooperation with a broker.

Trading Terms

● The amount of minimum deposits – $ 500.

● Removal of the fee – $ 30.

● Commission – 3 dollars.

● 24 Hour trading – no.

● Analytics and preparation of fresh financial news – present.

● Support service – functioning.

Deposit-withdrawals and key assets

Many users of eOption, reviews of which often emphasize negative nuances, claiming that it is quite problematic to deposit / withdraw money. Most often you will have to: use bank cards (VISA), transfers of financial institutions, bank checks.

In terms of available assets, the company is developing quite rapidly: along with traditional tools, new cryptocurrencies, metals, raw materials and other interesting offers appear almost daily in the broker’s assortment.

Warrior Trading Blog

  • Value For Investors

eOption Broker is a discount online broker that focuses on providing very competitive commission rates with excellent execution speeds. As the name implies, eOption focuses on providing superb services for the option trader while still offering the abilities to trades stocks as well. They have built sophisticated software that offers clients an easy approach to trading options whether trading a simple strategy like cover calls or more complicated strategies like 4 legged iron condors. With eOption you can trade stocks, options, ETFs, bonds or mutual funds depending on your trading style and needs. They also offer platforms that have direct market access for traders looking for that feature in a broker and their website is well laid out and easy to navigate.

eOption offers an auto-trade account which is basically an investment system for executing trade alerts, when subscribing to a third party newsletter that has been researched and chosen by the investor. The newsletters will have different strategies so you can go through them and decide which one best fits your financial goals and risk tolerance. When you have selected the newsletter that you want to follow, they will send out trade alerts that the trade desk will automatically execute for you and an alert email will be sent out notifying you of trades. This is basically hands-off approach to investing and is great for persons who cannot be at their computer all day watching the markets or for anyone who really doesn’t know what they are doing and would rather have someone else doing it for them. They have a ton of different newsletters to choose from so if you would like to see what they offer and to learn more about their auto-trade accounts you can click this link.

Commission & Fees

eOption offers a competitive commission schedule with equity trades costing just $3 per trade and options starting with a $3 base plus $0.15 per contract. Broker assisted trades are also on the low end of the spectrum costing only an additional $6.00 per order while most other brokers it will cost upwards of $20 per order. If you have an auto-trade account set up with eOption, then you will have to pay a little bit more for commissions with stocks at $5 per trade and options will be $5 per trade plus the $0.15 per contract. These are some of the lowest commission rates I’ve seen so if you’re looking to save money on commissions, then this will be a broker you will want to check out.

Platform & Tools

For the price, eOption offers a solid trading platform that will meet the need of most traders and investors. It has streaming quotes and charts with watch lists and advanced order entry. The charting isn’t as robust as say eSignal with all the bells and whistles but it still gets the job done. The one thing I wish it did have though is hotkey capabilities so I can get in and out of trades more efficiently. However, eOption offers the ability to trade more sophisticated platforms that are much more robust and powerful and they have direct market access with hotkey capabilites. You have the option between Sterling Trader Pro, DAS|Web or DAS|Pro. All of these platforms are great and will meet the need of any trader but you have to keep in mind that each platform has a fee that can get quite expensive and usually range above $100 per month. So you’ll have to keep that in mind when deciding which platform to choose or if you should just stick with the eOption platform that is free.

Final Thoughts

eOption has some great offerings for their price points. They have access to a solid platform that is free or you can opt to trade one of the more powerful platform that they have for the added cost. They also have extremely competitive commission rates that are some of the cheapest I’ve seen so if commissions are your main concern then you really need to check this broker out.

As always, if you have any questions or comments regarding eOption, please leave us a message below!

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If you do not agree with any term of provision of our Terms and Conditions you should not use our Site, Services, Content or Information. Please be advised that your continued use of the Site, Services, Content, or Information provided shall indicate your consent and agreement to our Terms and Conditions.

Warrior Trading may publish testimonials or descriptions of past performance but these results are NOT typical, are not indicative of future results or performance, and are not intended to be a representation, warranty or guarantee that similar results will be obtained by you.

Ross Cameron’s experience with trading is not typical, nor is the experience of students featured in testimonials. They are experienced traders. Becoming an experienced trader takes hard work, dedication and a significant amount of time.

Your results may differ materially from those expressed or utilized by Warrior Trading due to a number of factors. We do not track the typical results of our current or past students. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers.

Available research data suggests that most day traders are NOT profitable.

In a research paper published in 2020 titled “Do Day Traders Rationally Learn About Their Ability?”, professors from the University of California studied 3.7 billion trades from the Taiwan Stock Exchange between 1992-2006 and found that only 9.81% of day trading volume was generated by predictably profitable traders and that these predictably profitable traders constitute less than 3% of all day traders on an average day.

In a 2005 article published in the Journal of Applied Finance titled “The Profitability of Active Stock Traders” professors at the University of Oxford and the University College Dublin found that out of 1,146 brokerage accounts day trading the U.S. markets between March 8, 2000 and June 13, 2000, only 50% were profitable with an average net profit of $16,619.

In a 2003 article published in the Financial Analysts Journal titled “The Profitability of Day Traders”, professors at the University of Texas found that out of 334 brokerage accounts day trading the U.S. markets between February 1998 and October 1999, only 35% were profitable and only 14% generated profits in excess of than $10,000.

The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders. At a minimum, these studies indicate at least 50% of aspiring day traders will not be profitable. This reiterates that consistently making money trading stocks is not easy. Day Trading is a high risk activity and can result in the loss of your entire investment. Any trade or investment is at your own risk.

Any and all information discussed is for educational and informational purposes only and should not be considered tax, legal or investment advice. A referral to a stock or commodity is not an indication to buy or sell that stock or commodity.

This does not represent our full Disclaimer. Please read our complete disclaimer.

Citations for Disclaimer

Barber, Brad & Lee, Yong-Ill & Liu, Yu-Jane & Odean, Terrance. (2020). Do Day Traders Rationally Learn About Their Ability?. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636

Garvey, Ryan and Murphy, Anthony, The Profitability of Active Stock Traders. Journal of Applied Finance , Vol. 15, No. 2, Fall/Winter 2005. Available at SSRN: https://ssrn.com/abstract=908615

Douglas J. Jordan & J. David Diltz (2003) The Profitability of Day Traders, Financial Analysts Journal, 59:6, 85-94, DOI: https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578

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Best Binary Options Brokers 2020:
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    Best Binary Options Broker 2020!
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