Customers can get entry to their eOption account by way of the net or cellular app. The organization gives a cellular app for iOS and Android users. For the most part, cellular apps supply all the competencies and selections dealers would possibly expect, consisting of the following: General account management, Trade, and order status, Streaming quotes, market news, map, Financial research, Integrated market data.
Free investor education
The eOption internet site presents free investor schooling that usually focuses on superior choices trading. The classes of schooling furnished include: Options strategy, Margin account, Investment & cash management
Education is supplied in the structure of articles, webinars, videos, and blogs. The subjects of investing and cash administration are broad, with titles such as “Securities Trading Fundamentals,” “Tax Planning for the End of the Year” and “Why Use an Online Broker?”
For superior preferences traders, there is a whole lot greater good-sized information. Under the “Options Strategy” tab, clients can examine the whole thing from the fundamentals of alternatives to how LEAPS, a kind of long-term option, works. Specific preferences techniques are additionally described in extremely good detail, from spreads and straddle to the “Short Iron Butterfly” strategy.
The backside line is that newbie investors might not locate an awful lot of activity in the schooling area of eOption, however superior selections merchants can locate techniques they can use.
As a legit Stock brokers trading house, eOption has the equal Securities Investor Protection Corporation (SIPC) insurance as the industry’s huge name. This insurance protects investors’ belongings up to $500,000, together with a money restriction of solely $250,000. In addition, eOption’s clearing association Hilltop Securities additionally entered into a contract with Lloyd’s of London for SIPC Excess insurance plan for a complete of $150 million, with a most of $25 million utilized to a single customer. This consists of cash-only safety of up to $900,000 per customer.
On the technical side, eOption creates an impervious buying and selling environment via the use of Security Socket Layer (SSL) technology. The business enterprise additionally has interior insurance policies that restrict facts about purchaser debts to personnel and approved sellers on a need-to-know basis. Additional electronic, procedural, and bodily safeguards are used by using the organization to keep patron confidentiality.
eOption gives a variety of specialized equipment designed to maximize the buying and selling trip for its customers. The 4 most distinguished of which are as follows:
Under this program, clients enable eOption to operate computerized trades on their bills in response to guidelines from positive newsletters. This can be wonderful if a dealer is now not in a role to take delivery of or act on the suggestion at the time it is made.
If you are no longer equipped to risk your very own cash buying and selling options, eOption provides Paper Trader, the place you can use up to $100,000 in digital cash to alternate equities and picks and take a look at your strategies. Just like an actual buying and selling account, Paper Trader lets you watchlist your preferred securities, view alternative chains, and use a chance calculator.
OptionsPlay is an online choice method of buying and selling tools. In addition to offering independent historic data, OptionsPlay analyzes lots of shares and affords technical alerts for shopping for and selling. The device additionally lets merchants examine any function of the usage of three strategies, as properly as define the break-even price, income probability, and threat and reward for any trade.
Direct Access Trading
For high-frequency traders, eOption presents Direct Access Trading as a way for clients to omit middlemen and make their buying and selling velocity and price. Under DAT, eOption clients exchange immediately with market makers Nasdaq, ground specialists, or even different customers barring going through a broker. According to eOption, this can be beneficial for day merchants searching for the quickest alternate execution at quality prices.