360smartoptions.online Review Beware of This Fake Trading Platform!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Trade360 Review

The trading industry is developing at an exponential rate. Binary options and social trading have been the two most known recent additions to trading possibilities. But there are brokers that try to implement one more trading feature – CrowdTrading. Find everything out in our honest Trade360 Review!

Leverage: 1:200 Licences: CySEC

Min. Deposit: 25 USD Bonus: N/A

Spreads: from 1.8 pips US Clients: No

Trade360 Broker at a Glance

Being developed in 2020, Trade360 broker is owned by the company Trade360 Ltd that is located in Limassol, Cyprus. It has also got an office in the UK, which gains additional trust to this broker. As all brokers located in Cyprus it holds the CySEC license, with unique number 202/13.

As has been mentioned before by the Trade360 review, this FX broker tries to widen your trading possibilities using the CrowdTrading tool. So if you are not a fan of charting and technical analysis, you can try CrowdTrading by Trade360!

Trade360 CrowdTrading Review

Being one of the unique features at Trade360, this type of trading allows traders to base their trading decisions not only on technical analysis and news but on a few additional factors.

CrowdTrading shows how real traders decided to trade specified instrument. It displays percentage of all traders decided to buy and how many to sell. Also, it shows the division of traders in your country as well as best performing traders registered with Trade360.

Additionally, this feature allows you to see forecasts on market reactions for future events. Moreover, if the event has already passed, CrowdTrading shows you if the prediction was correct or not, so you will know whether you should rely on traders or trade on your own. This feature will be useful for both type of traders, those trading with a trend and those who trade on the turnaround points.

Trade360 Trading Accounts

Being focused on CrowdTrading, this broker does not have a wide choice of accounts to offer to you. In fact, during Trade360 review we spot only real account and demo account. The best part of your Trade360 Real Account is that you will be able to register for it using your Facebook or Google+ account. This means no pain with verification emails and additional passwords, just one-click login and you are ready for real Forex trading. Another awesome feature of real account is that minimum deposit is just 25 USD. So you do not need to get a lot of money for your deposit in order to start CrowdTrading with this Forex broker.

The best feature of demo account is that it also allows you to test CrowdTrading possibilities. So, if you are not sure that CrowdTrading will work for you, you can go to demo account and try it there.

Trade360 Reviews of Trading Platforms

Implementation of the new features in the Forex trading often requires add-ons to platforms or development of the custom trading platforms. Trade360 review found out that this broker is offering their own trading platform to traders. The platform is available right in your browser, so there is no reason to download anything to your computer.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Overall, platform feels comfortable and does not require any adjustment. It allows you to see multiple instruments at once in the form of small icons or open full view on the specific instrument. Furthermore, it offers bunch of indicators, that allow you to make technical analysis. The best part of the Trade360 trading platform is that the CrowdTrading field is shown on every screen, so you will always be up-to-date with traders’ forecasts about movements.

Additionally, Trade360 made sure that the crowd trading will also be available on your mobile devices. So, if you want to trade basing on predictions of traders on your mobile device, just download Trade360’s app from Google Play or App Store and you can start!

Trade360 Review of Deposits and Withdrawals

Making deposits with Trade360 is rather easy, especially since there are a lot of funding methods available. In addition to standard for the Forex industry wire transfers and credit card payments, you will be allowed to use eWallet payments via such systems as Skrill, Neteller, Sofort and others.

The withdrawal of your profits at Trade360 can be made via same method as a deposit. So if you have made a deposit via Skrill, your withdrawal will have to be made via this payment system as well. Be aware that all withdrawals that have total amount higher than your deposit will be made via bank transfer only. Such withdrawals usually take from 7 to 10 days.

Trade360 Forex Client Support

It is important for good Forex broker to be always available for contact from its clients. Good customer support can make big difference in the time when something is not working properly.

When you sign-up with Trade360 Forex broker, you will be given an opportunity to contact them via various methods. Firstly, this broker has got live chat that is online 7 days in a week, 24 hours per day.

Additionally, Trade360 review found out that you can reach this broker via e-mail. Support speaks English, Dutch and German.

Trade360 Forex Review Conclusion

It has already been told that the main unique feature of this broker is its CrowdTrading system. It allows traders with low trading experience find support of their trading decisions in the predictions of the professionals. Additionally, this system is perfectly implemented into broker’s trading platform. Another awesome feature of this broker is low deposit amount that is required for start of your trading. For all of its positive sides and innovations, Trade360 review gives this FX broker 3.5 out of 5 stars!

The 8 Best Options Trading Platforms of 2020

From beginner solutions to expert portfolios

We are committed to researching, testing, and recommending the best products. We may receive commissions from purchases made after visiting links within our content. Learn more about our review process.

Options trading is a somewhat high-risk area of the investment world where you can pay for the option to buy or sell a specific security at a set price on a future date. Based on fluctuations in market prices for those securities, the value of options rises and falls until their maturity date.

If you want to trade options, you’ll need an account with a brokerage that supports options. Each platform is unique and has its own pros and cons, so it is best to understand what you want in an options account and platform before you get started. Follow along to learn more about the best options trading platforms and which may be best suited for your options trading needs.

Best Overall: TD Ameritrade

TD Ameritrade takes the top spot in this ranking thanks to a combination of reasonable pricing, excellent beginner resources, and a top-of-the-line trading platform that works well for experts and professional traders. No matter where you are in your options trading journey, TD Ameritrade has something for everyone.

Trades at TD Ameritrade cost $6.95 per trade plus $0.75 cents per contract. There is no account minimum. The site offers a current promotion where you get 60 days of commission-free equity, ETF, and options trades with a deposit of $3,000 or more. You get additional bonuses with larger opening deposits.

Beginners have a wide range of resources that are great for options and other investing and trading strategies. For expert traders, the Think or Swim platform gives you Wall Street quality at a Main Street price.

Best for No Commission: Robinhood

You can’t get cheaper than free. While some professional traders are not happy with how trades are handled and processed at Robinhood, it is an excellent platform for beginners to get started with less risk. With no trading fee, you can buy and sell options without risking anything more than your initial investment.

Robinhood is a web-first platform and it doesn’t offer much when it comes to education and research tools. But if you read a book on options and want to try your hand as a hobbyist, Robinhood can certainly handle your needs.

Robinhood also offers commission-free stock trades, ETFs, a limited number of cryptocurrencies, and a limited number of ADRs (American Depository Receipts — a type of stock listing in the US for a foreign company). Because it is mobile first, it offers great real-time notifications for investments and trades on the platform.

Best for Experts: TradeStation

TradeStation started as a software company for traders, and even though it has grown over time, it has held true to its initial trading principles. If you want professional data and high-speed trade execution on an expert-level platform, TradeStation is a great choice.

TradeStation charges $5 per trade plus $0.50 cents per contract. However, it also offers unbundled and per-contract pricing. Professional and high-volume traders may do better with the flat rate cost of $1 per contract instead of the base + per contract fee most brokerages charge.

While it doesn’t offer as much for beginner traders and new traders, you could host a family office or business portfolio on TradeStation with no problems. In fact, its tools are so good it sells many of them for a fee to professional investors with accounts at other brokers. With an active account at TradeStation, you get those tools for free. Just beware the minimum $2,000 balance or five trades per year to avoid a $95 annual account fee.

Best for New Traders: Charles Schwab

Charles Schwab delivers an all around great experience with excellent customer service. Once you open a new account, trades are $.95 each plus $0.65 cents per contract. First-time clients get 500 commission-free trades for two years when you deposit $100,000 or more in a new account.

Schwab offers above-average research and education offerings. It also gives you a very good platform for trading on desktop, web, and mobile. Even outside of options, it is one of the best overall brokerages for a wide range of investing and trading needs.

With the large library of educational and research content, you can enter the high-speed options trading world with your eyes wide open to the risks and opportunities. That said, the competitive costs and quality trading platforms make it a worthy consideration for even the most experienced traders. Accounts require a $1,000 minimum to access options trading.

Best for Low Costs and No Minimums: Ally Invest

Ally Invest is another low-cost brokerage best known for its cousin Ally Bank. Like the bank, Ally Invest offers an easy-to-understand and low-fee brokerage lineup. Trades are $4.95 each plus $0.65 cents per contract. There is no account minimum. With a current promotion, you can get up to $3,500 bonus cash depending on the size of your deposit.

You can start with a low investment to learn more about Ally without worrying about big minimum balances or fees. But even some more experienced traders will be happy with the low costs and a wide range of services geared toward option traders.

Highlights include a powerful trading platform and valuable charts, data, and analytics to help you build your options trading strategy. In the world of discount brokerages, you can’t always take the value of a broker from its trading fees. At Ally, that’s certainly the case.

Best Per-Trade Fees: Interactive Brokers

If you are an active trader who prefers making frequent, small trades, Interactive Brokers may be the best fit. There is no pre-trade fee and options commissions are $0.70 cents per contract. High volume traders can qualify for lower pricing down to $0.15 cents per contract with 100,000+ contracts per month. This brokerage also offers pricing that is attractive to active stock and ETF traders. Different pricing applies to non-US options.

This brokerage is not good for passive investors with few trades per year or a large balance. The account requires a hefty $100,000 minimum balance or $10 in commissions per month to avoid an activity fee. The activity fee is the difference between your trading commissions and $10 per month to total a $10 minimum monthly charge. The account charges a higher $20 minimum if you don’t keep at least $2,000 in equities in the account.

If you do have the appetite for at least $10 in trades per month and/or can satisfy that $100,000 minimum, Interactive Brokers has excellent trading platforms. These tools include a natural language bot that will place orders based on your instructions and a professional-grade desktop platform.

Best Tiered Pricing: Lightspeed

Lightspeed is a brokerage with a focus on active and experienced traders. Lightspeed charges $0 per trade and $0.60 cents per contract with a $1 minimum per trade. Tiered pricing starts at 500+ contracts per month. Depending on your volume, discounted rates range from $0.20 cents at 100,000+ contracts per month to $0.50 cents at 500 to 2,000 contracts per month.

Lightspeed offers professional-grade trading platforms. The options platform is known as Livevol X and offers integrated order execution, analysis, customized layouts, historical data analytics, and other useful features. Like competing platforms, you can manage most common account needs right in the desktop, web, or mobile-based platform.

This brokerage is not as beginner friendly as others on our list, so you should look elsewhere if you are brand-new to options trading. But if you are experienced and want expert tools, you can find everything to whet your appetite at Lightspeed. With low pricing for high-volume options traders, you might find it the right home for your options brokerage needs.

Beware of These Scams Targeting IQ Option Traders

Where there’s money to be made, be sure that there’s a bunch of fraudsters waiting to cash in. The internet has made it easy to make money legitimately such as by trading through the IQ Option platform. It’s also given rise to a new breed of fraudsters who use this technology to rob unsuspecting traders.

IQ Option has done a great job to ensure that their platform is secure. It’s virtually impossible for hackers to access their servers and steal from traders.

However, it’s your job to make sure that your account and money aren’t accessed by scammers posing as fellow traders or even IQ Option employees.

This article will look at the common ways scammers use to defraud unsuspecting traders. If you’re able to spot such scams, you’ll be in a better position to protect yourself against financial loss.

Social media scams

Social media platforms have made it easy to create small groups of like minded people. They’re also increasingly being used to defraud traders.

This scam goes this way.

A scammer creates a special group that’s dedicated to IQ Option traders only. The group rapidly grows with supposedly pro traders joining in. This scammer might even use social media ads to attract your attention. Once you join the group, that’s where the action starts.

The supposed trading pro will regularly post snapshots of winning trades many of which make thousands of dollars per day. Not to mention the selfies of the scammer traveling to exotic places and hanging out with famous people.

The goal of all this is to create a mental picture of where every trader wants to be. Next, the scammer ordains himself as the only person that can make you wealthy as a trader.

There are two main ways the scammer might get your money.

Firstly, he could ask you to “invest” in his trading fund. here, you’ll send him money and you get to reap profits once he trades with your investment.

Second, the scammer could propose that he becomes your account manager. But to do this, you’ll pay an upfront fee.

The problem with social media is that anyone can create an account and claim that they’re some millionaire trader. Photo editing software can be used to create a successful lifestyle.

The only way to avoid this type of scam is not to give your money away to a stranger claiming he can trade with it and make you millions. There are good social media groups you can join.

These can be used to learn more about trading from fellow traders. But once someone asks for your money, this should be a red flag.

I’m affiliated to IQ Option

This scam starts with a phone call or even an email. The caller purports to be an employee of IQ Option or even work with a company that’s affiliated to the platform.

The offer is to help you make more money trading on the platform. The scammer will very likely claim to know how to game the platform ensuring that you consistently make profits.

Alternatively, they may claim that their company is one of the most profitable on the IQ Option platform. They will also go to the extent of providing proof (Photoshoped images to show their earnings).

All you need to do is invest your money with them.

The thing is, IQ Option employees will not call you directly to discuss your account let alone finances. The only time IQ Option employees will contact you is if you initiate the conversation. For example, sending a query to their support team.

Also, if someone call yo claiming to be affiliated to IQ Option, it’s advisable to first look at the official IQ Option contacts on their website.

IQ Option website impersonators

This type of IQ Option scam uses a domain name extension. But rather than finding the official IQ Option website on this domain, you’ll find that the site sells trading signals.

Simply put, you’ll be expected to pay some money to access “hot” signals that will give you an upper hand when trading on the IQ Option platform.

Others are designed to resemble the IQ Option platform. All that the scammer needs is for you to enter your login details. These are phished allowing the scammer to gain access to your account – and drain it.

This is not to say that all websites that have IQ Option in their domain is a scam. Many are actually good sites that offer trading tips and advice (such as this one).

Trading bots that are actually malware

Trading bots are usually marketed as the holy grail of trading. You simply install a bot to your favorite platform or browser, click a few buttons and the software is supposed to make you money on autopilot.

This sounds like a great offer especially if the bot comes with a free month’s trial.

But how can software that’s supposed to turn you into a millionaire while you sleep be free? And, why do the software creators sell it for a few bucks?

The answer to these two questions is simple – the software doesn’t make you money. It only makes money for its creator.

These trading bots are designed to collect your account login details and send them to their creators. Once this data is captured, they will simply log in to your trading account and drain it.

Never try trading bots unless you’ve created them yourself. It’s better to learn how to trade and make money the hard way (actual trading) than give someone else access to your trading account while looking for a quick way to make money.

The best trading strategy for sale

There are many different trading strategies. As I’ve stated before, no strategy is superior to another. It’s how and when you use a particular strategy that matters.

Self proclaimed trading gurus will claim to have specific strategies that have made them millions. But in order to gain “limited” access to this strategy, you have to join their groups for a fee.

Many of these secret strategies are actually freely available online. But, you’ll only discover this once you’ve paid their access fee.

One thing most traders know is that anyone with a new strategy that makes millions will guard it with his life. Many of the successful traders seldom reveal their trading strategies.

So why would a millionaire trading guru go against this norm?

Tips for securing your IQ Option trading account

When opening an IQ Option account, use your official email address. Avoid using social media accounts. This not only makes your account more secure, it makes password recovery easier.

Ensure that you use two layer authentication for your trading account. This protects it from unauthorized access especially if someone illegally obtains your login details.

Two layer authentication requires you enter a code sent to your phone number to log in to your account.

Make sure that the browser you use to access your trading account is always updated. Your computer should also have antivirus software installed. If you’re using the IQ Option apps, you should ensure that they’re the latest versions.

Make sure that your trading account is fully verified especially after migrating to the real money account. Account verification ensures that no one can withdraw your funds to their account. IQ Option requires that withdrawals be made to the account used for deposits.

Never share your account log in details with anyone.

Finally, if you suspect that your account has been compromised or are contacted by someone you believe is a scammer, contact IQ Option support and report this.

Know of other tactics scammers use to defraud traders? We’d love to hear about them in the comments section below.

Good luck!

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Best Options Broker Trading Platform

Wayne Duggan
Contributor, Benzinga

For traders specifically looking to trade options, choosing the best options trading platform can be particularly crucial. Most major brokers have options trading capabilities, but not every platform is geared specifically for options trading. Below, we’re taking a look at the top choices for these trading platforms, from free options trading to paid platforms.

You Invest by J.P. Morgan

You Invest by J.P. Morgan

Enjoy up to $625 when you open and fund a new You Invest Trade account with $25,000 or more in new money within 45 days. New money is cash or securities from a non-Chase or non-J.P. Morgan account. Maintain the balance for 90 days and we’ll add your bonus in 10 business days. Find out how.
INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Best Options Brokers:

  • Best Overall: You Invest by J.P. Morgan
  • Best Technology: TradeStation
  • Best for Beginners: TD Ameritrade
  • Best for Marginal Accounts: Interactive Brokers
  • Best for Mobile Traders: E*TRADE
  • Best Derivatives Only Broker: tastyworks
  • Best for Social Traders: Gatsby
  • Honorable Mention: eOption

In general, options trading is a very profitable offering for brokers, so there are plenty of great deals out there for traders.

Table of contents [ Hide ]

Best for Options Traders

Low commissions are just the tip of the iceberg when it comes to choosing the best option trading platform. Traders need to consider hidden fees, such as platform fees and data fees.

Different traders have different skill levels, trading strategies, and needs. Options trading can be complicated, and beginners need to make sure to find a platform with plenty of educational resources and guidance. Advanced traders need to look for professional-grade features and research. Before choosing the right broker , each trader needs to consider his or her trading style and which features are most important in maximizing profitability.

Here’s an overview of some of the top option-trading platforms based on several different criteria.

INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Best For
  • Current Chase Bank members
  • Those who prefer basic trading services
  • Earning free trades

1. You Invest by J.P. Morgan

If you’re already a customer with Chase Bank, Chase You Invest by J.P. Morgan is a no-brainer. You can easily research, trade and manage your investments from your mobile device. You Invest provides online tools to search for investments, track companies and rollover your assets.

Only U.S. clients are able to open a You Invest account but it takes, on average, just a day to open and you’re able to apply fully online. Equipped with portfolio reports and pie charts, the mobile app is simple and user-friendly. The app is available for both iOS and Android devices.

With Chase You Invest you’ll have access to roughly 5,000 stock exchanges. There are plenty of research and educational tools provided on the app. Overall, we recommend the Chase You Invest platform for stock trading because it’s easy to open and fund an account. It’s also reliable thanks to its strong parent company, J.P. Morgan.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app

2. Best for Advanced Traders: TradeStation

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

TradeStation offers 2 distinct account types: its basic TS GO account aimed at new trades and its more in-depth TS Select account aimed at more advanced traders looking for a comprehensive set of tools and research options. There’s no minimum account balance required to open a TS GO account. TS Select accounts require a $2,000 minimum deposit.

If you’re new to trading, you’ll love TradeStation’s Simulated Trading tool. Its Simulated Trading tool allows you to practice entering buy and sell orders, using TradeStation’s suite of charting and analysis tools and using your trading strategy without risking any of your own money.

3. Best for Beginners: TD Ameritrade

Best For
  • Novice investors
  • Retirement savers
  • Day traders
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options

There’s no better place to get started trading options than TD Ameritrade. Right off the bat, TD Ameritrade’s $0 account minimum makes the platform accessible to every options trader. The Trade Architect platform provides a simple, easy-to-navigate trading environment that isn’t intimidating for new options traders and provides easy order execution.

Traders have access to 24/7 customer support over the phone, as well as email support and more than 100 local branches. The platform also offers virtual trading, so beginners can get a feel for the market without putting real money at risk. For more advanced traders, the thinkorswim platform provides professional-grade advances option trading features, such as Options Statistics for identifying trading opportunities and the Sizzle Index for identifying the hottest contracts.

TD Ameritrade recently completed an acquisition of Scottrade, which will provide options traders with another level of flexibility as well. Right now, TD Ameritrade charges $0 fin options based fess and $0.65 for options per contract.

4. Best for Marginal Accounts: Interactive Brokers

Best For
  • Access to foreign markets
  • Comprehensive mobile app that makes trading simple
  • Wide range of available account types and tradable assets
  • Comprehensive, quick desktop platform
  • Mobile app mirrors full capabilities of desktop version
  • Access to massive range of tradable assets

The Interactive Brokers Trader Workstation provides a comprehensive list of options trading features and has been compared to the look and feel of a commercial airline cockpit. The workstation includes integrated tools such as IB Risk Navigator, Options Analytics and Model Navigator. It has a configurable format, quick-click order entry capabilities, and is extremely customizable.

The OptionTrader Combo tab allows traders to monitor price variations, view all available chains or filter for specific contracts and configure columns to view calculated model prices, implied volatilities open interest and Greeks.

Interactive Brokers also helps active traders minimize commissions and fees as well. Interactive Brokers charges nothing in options based fees but charges $0.65 per contract fee for options.

5. Best for Mobile Traders: E*TRADE

Best For
  • Active traders
  • Derivatives traders
  • Retirement savers
  • Sophisticated trading platforms
  • Wide range of tradable assets
  • Exceptional customer service

E*TRADE’s Power E*TRADE platform and mobile app are the gold standards of option trading platforms. Power E*TRADE currently offers traders premium-quality tools without the premium price tag.

According to a customer service rep, the long-term plan is to have the Power E*TRADE platform replace E*TRADE Pro as the premium service, but for now, it is free for all E*TRADE users.

Power E*TRADE is the perfect combination of speed, quality, tools, and navigation capabilities. The platform offers virtual trading for testing strategies. The option chain screen provides access to customizable real-time streaming option chains with up to 30 columns. The tradeLAB Snapshot Analysis breaks down risk/reward in an easy-to-understand way, indicating pros and cons as well as key events to watch for and a profit and loss chart. The strategySEEK tool allows users to scan market data and identify potential trading strategies.

For all E*TRADE’s advances option trading features, the broker charges $0 in options based fees and $0.65 for options per contract.

Best For
  • Options traders
  • Futures traders
  • Advanced traders
  • Powerful platform inspired by thinkorswim
  • Multiple order types and strategies
  • Cheap options commissions

6. Best Derivatives Only Broker: tastyworks

Tastyworks allows opening of an individual, entity/trust or joint account, and the account type held with the brokerage can be margin, cash or retirement. In margin trading, you are allowed to trade with borrowed capital, facilitating the use of all trading strategies available with the broker, while a cash account requires that you fully fund transactions, and also restricts usage of some trading strategies such as spread and uncovered options.

The web-based trading platform allows access from any computer and gives all functionalities as the downloadable version. Some of the features in the browser version is the Follow page, where you can follow the firm’s curated experts’ trade, Trade Curve, which allows visualization of trades easily and the Trade History option, which helps you analyze your trades.

Though opening an account is fairly easy, a prospective client is required to register with tastyworks ahead of time with an email address, username, and password, as well as:

  • Address and phone numbers,
  • Citizenship status,
  • Personal information such as Social Security Number and employment information,
  • Bank details and
  • Copies of identity and address proofs.

Once an account is registered, it normally takes one to three days to be approved.

Best For
  • Retail investors
  • Traders new to options
  • Social traders
  • Millennial traders
  • No commissions
  • Simple but stylish platform
  • Social trading features

7. Best for Social Traders: Gatsby

It can be intimidating if you’re not a current follower of trade lingo or a professional trade enthusiast, but that’s why Gatsby has created its platform. Gatsby merges everyone’s resources and expertise to give you the chance to optimize trading strategies.

Gatsby leaves the commissions for other brokers so that you can begin earning instantly after signing up, and ss a new trader or professional, you’ll have the option to trade for companies and ETFs.

If you don’t want to to trade for companies? You have the choice to trade against them.

Best For
  • Options traders looking for low-cost options contracts
  • Beginner and advanced traders looking for options education
  • Advanced traders who don’t need a lot of platform guidance
  • Unbeatable options contracts pricing
  • Mobile app that mirrors capabilities of desktop app
  • Free and comprehensive options education

8. Honorable Mention: eOption

eOption provides an industry solution to active traders looking to avoid the high costs associated with their trade frequency.

They specialize in options trading and pride themselves in having some of the lowest commissions and margins among their competitors. eOptions offerings don’t stop there. Investors interested in ETFs and stocks can also benefit from eOption’s low fees.

As for their low margin rates, eOption stands out among the competition. Their base rate for an account with a balance of $49,999 or lower is 7% and comes in at 4.5% for accounts with $1 million and over.

What is Options Trading?

When it comes to the stock market, most people think no further than buying and selling individual stocks. Truthfully, the process of options trading isn’t much different than stock trading.

However, an option is simply a contract to buy or sell a stock at a pre-negotiated price and by a certain date. Simple as that. Learn more about how to trade options.

Options traders bet on which direction they think the price of a stock will go. Options contracts can be based on a wide variety of underlying securities, however, and many different types of orders can be placed, which makes them more versatile than stocks.

For example, those trading options can decide whether the prices could go up or down on the following:

Make sense? Sure, it does.

Buying and Selling Options

To buy options, you simply choose exactly what you’d like to buy and how many, and then place a buy to open order with a broker. If your order goes up or down in value, you have some options. At any rate, you can:

  • Sell at the agreed-upon price
  • Sell the contract to another investor
  • Let the contract expire

Compare Options Brokers

Still can’t decide if the above brokers are for you? Check out this side-by-side comparison for a bird’s-eye view.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

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