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 are a new entrant in the world of trading and brokerage, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You will acquire adept at all the concepts of brokerage since you keep trading. For starters, you need to select the ideal agent who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan will create hefty returns. eOption is one such platform which will take you and your investment to great heights. It's important that you know about eOption before you trust them with your cash.
Our full eOption Review covers everything you need to learn about trading with eOption. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you select them. It is a common misconception that all agents are the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
eOption is a broker that has found its way successfully into the broker world. In this review, we have attempted to collate some of the important facets of eOption. This review will help you to know whether eOption is a good match for your investments or not. We have tried to breakdown all the qualities and fees for your convenience.
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 trading. Since its establishment in 2008, eOption has emerged as a leading player in the industry of online broker. eOption has an extremely competitive and full-featured trading website that's focused on currency, indices, metals, shares, commodities.
Over the past 13 years, eOption has grown into one of the leading online brokers.
After establishing in 2008, their customer base has become as big as 10,000+ clients.
eOption is a favorite for many traders.. Our eOption review found that they're an excellent choice for automated trading options. They're best suited for investors who are searching for an assortment of assets. Social and automated trading options are the heart at eOption.
Technology plays a substantial role in eOption. eOption features trading on DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web). eOption is honest, transparent, and also a well-regulated broker by the Unregulated. Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The educational department at eOption is quite insightful for new traders as it allows them to have a closer look at the financial markets. eOption caters to all types of traders and are a must-have broker for 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.
What you ought to know about trading with eOption
eOption is a dynamic platform that offers various procedures of online trading. These instruments cover the monetary markets considerably. Most of the broker platforms offer less approaches than eOption
If you want to trade with eOption, you will need a minimum deposit of $500. This deposit is mandatory if you would like to begin trading with eOption. This 2021 eOption review will direct you safely about trading with them.
eOption is as flexible as another brokerage platform. eOption is ideal for traders who want a manageable array of cheap services. The platforms provided by eOption are third-party, white-label offerings. All traders can select 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 over which a trade has to be kept open. The brokers offer premium customer service that rewards customers with advantages.
Many less reputable brokers attempt to pressurise customers into bigger financing for superior services. eOption, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more advantages will become available.
eOption accounts are available globally and provides outstanding service wherever they have customers. There are only a 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 2008, eOption has been open 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 usually means that eOption users do not need to worry about their money since it's segregated and safely stored in established banks. SSL encryption simplifies each user's personal information also.
You can make use of an option for 2 Factor Authentications (2FA) with eOption for increased safety. An SMS for the verification code will be sent to your phone. You will be asked to enter this code to log in to your accounts.
Another concern with fiscal brokers is in regards to security may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is more widespread in the case of Market Maker agents who compete with customers on the stage.
Pro's & Con's Of Trading With eOption
Every online trading platform has a few pros and cons 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||Saxo Markets||Circle Markets||OptionWeb|
|Regulated By||Unregulated||Financial Conduct Authority (FCA)||Financial Industry Regulatory Authority (FINRA)||Cyprus Securities and Exchange Commission (CySEC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Losses can exceed deposits|
eOption Review - Regulation And Licencing In More Detail
eOption is regulated by Unregulated.
eOption, as a company, has a powerful collection of rules for ensuring honest trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer information is never to be shared with some other institutions or individuals. Including credit history and other financial information.
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 you must deposit to begin on eOption is $500. This is an adequate amount for those just starting out. You can create more advanced deposits as you cooperate. But, ensure that you understand how to make the most of your money before investing in larger sums.
eOption Review - Commission And Fees Explained
eOption is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced by the number of clients they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 types of fees for this purpose.
The first sort of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you're paying a spread, financing rate, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are those who are billed when you hold a leveraged position for more than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They are charged for operations like depositing money, not trading for long periods, or withdrawals.
Generally, eOption does not charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who often exchange, such as daily or weekly trading.
However, non-trading fees billed by eOption are relatively higher. As a result, you're charged more for non-trading activities in your trading account, such as withdrawal and deposits. These aren't related to the sale and purchase of resources.
This eOption review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against eOption
|eOption||Saxo Markets||Circle Markets||OptionWeb|
eOption Review - Withdrawal Fees Explained
eOption charges a withdrawal fee when you make a bank transfer. Each time you transfer money into your bank account, these withdrawal fees become applicable.
Withdrawal of cash is possible at any moment from your eOption account. You can withdraw up sums to the amount of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't always have to have any money on your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money will be sent to 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're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you are choosing to withdraw in.
eOption Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your mind when open an account with eOption. An inactivity fee is an amount charged to registered traders who have not engaged in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee differs from 1 broker to another and is not standardized. If a dealers account doesn't have a purchasing or selling transaction, it's maintained by the broker as an inactivity charge. The traders need to pay this commission under conditions and terms they had agreed while enrolling.
eOption doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges have been indicated by eOption, it's better that you close the account if you're inactive. Inactivity fees aren't only charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is subjected to many conditions and needs to be revealed clearly by the broker beforehand.
eOption Review - Deposit Fees Explained
When you transfer money in your trading account by your bank account, a deposit fee can be charged 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 simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity evidence and proof of residency to deposit substantial sums.
eOption Review - Compare Broker Deposit Methods
|eOption||Saxo Markets||Circle Markets||OptionWeb|
What Can You trade With eOption?
Note: eOption provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will be different depending 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, Saxo Markets, Circle Markets & OptionWeb below.
Alternatives To eOption
If, after reading this eOption review, eOption doesn't quite fulfill your needs check out these eOption alternatives.
We have scoured the web to find the best alternatives to eOption. Click on the links below to find out more.
Frequently Asked Questions about eOption
Can I try eOption before I buy?
Yes, you can most certainly 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 demo account on eOption, you may set out with a decent amount of virtual money. It is to establish a sense of safety and confidence in you until you choose to invest your own money.
With this virtual eOptiondemo account, you can experiment in any way, to whatever period you desire. You might even open positions, examine different trading strategies, and more.
eOption specifies on its official site that you are able to exchange real time stocks with your demo account.
Is eOption safe?
It is possible to drop all your worries because we believe that eOption is completely safe to use. It is in compliance with all the principles of Unregulated.
Nevertheless, 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 multiple methods to finance your account with eOption. The process is effortless and quick, with different payment methods at 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 money. You must keep in mind that PayPal is not available in every place. The currencies eOption
Is my money safe with eOption?
Yes, your cash is safe and protected with eOption. As you already know, eOption operates with good conformation to. It has established plenty of steps to protect all its investors.
eOption protects its clients' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your account, it is possible to empower Two-Step Verification as well. It requires an SMS confirmation for you to access your accounts.
Is eOption trading good?
Yes, trading through eOption is a pleasant and good experience indeed. It is an excellent and intuitive platform with helpful features for your simplicity. Moreover, you can even obtain access to a huge selection of educational resources and assistive material to kickstart your trading expertise.
If you remain skeptical, you can start a eToro demo account and assess 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 do 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 it. The highlight of the platform is its quick order execution on transactions.
You will find the clean layout of the platform along with the admirable features that 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 customers and over 13 years of experience on its record. They are one of the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad selection of resources plus tools so that you may put money into 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?
Through eOption, several traders earn a lot of cash. However, on average, through continual trading, you can create between 2% - 10% profit a month.
This may seem to be a small number, but over the year, this adds to a significant number of gains. While eOption provide you all of the tools to earn money, they can't guarantee you will profit.
Does eOption have fees?
Yes. To begin trading using eOption, you need to deposit $500. Certain commissions while trading additionally applies. Any processing fees from your bank might have 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+ clients.
Where is the eOption head office?
eOption has its head office in USA
Does eOption offer negative balance protection?
No. eOption doesn't provide negative balance protection. If your balance is unfavorable, eOption suggests that you promptly contact client services. With this, you are able to correct any imbalances within your own account.
Does eOption offer guaranteed stop loss?eOption unfortunately, does not provide guaranteed stop loss. eOption provides an opportunity to its dealers to close their trades at their given price. Apart from that, eOption doesn't provide guaranteed stop loss.
Does eOption allow scalping?Yes, eOption do permit scalping. Several traders throughout the world select eOption due to 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.