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eOption Review

  • Low and competitive commissions and fees
  • Sophisticated trading platform
  • Safe and secure broker
  • Excellent reputation
  • Limited customer support options
  • Limited educational resources
  • Narrow investable products offering

eOption is an innovative online trading brokerage with a mission to provide low cost trades and fast execution speeds to accommodate the needs of an active day trader. eOption was established in 2007 and is owned and operated by Regal Securities Inc. The brokerages headquarters are based in the United States at 950 Milwaukee Ave., Ste. 102 Glenview, IL 60025. eOption may be based in the US, but they accept traders from all around the world with some exceptions for some countries. eOption has over 10 years of experiences in the online trading industry and has built up an excellent reputation among traders and experts in the online trading industry. The brokerage has been awarded numerous awards for their low fees, and sophisticated trading platform. eOption is a secure and trusted broker as they are licensed and regulated by the Financial Industry Regulatory Authority (FINRA) and are a member of the Securities Investor Protection Corporation (SIPC). It’s known that eOption is a secure and trusted online trading brokerage, but what is the overall quality of services they provide and are they right for you? Find out in the following review where we analyze all aspects of the eOption trading brokerage and see how they stack up to the competition.

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Trading Platform

eOption provides traders with a proprietary web-based trading platform that utilizes cutting edge technology in an easy to use interface for a seamless and powerful trading experience. The trading platform meets the needs of most traders and investors by offering advanced functionality while maintaining user friendliness. The platform has a great layout and functionality that features watchlists, news and charts, market research, option chains, positions, account details, and more. Traders can place multi-leg option trades, conduct advanced technical analysis, trade directly from the charts with one click trading, and even execute stock, option, and mutual fund trades automatically. The entire platform is very quick to respond and provides a streamlined trading experience. However, there are some downsides to the platform. For instance, the platform doesn’t offer anything new or innovative and even lacks some capabilities that other platforms have. There are no customization capabilities and traders can not implement custom trading signals and other features. For traders who want more capabilities than the proprietary eOption platform, they must pay for the Sterling Trader Pro, DAS|Web and DAS|Pro platforms. These platforms are integrated with eOption but come at an additional cost.

Exchange Markets

eOption offers the standard asset classes that most traders are interested in, except for they do not offer forex trading or futures trading. See the available asset classes listed below.

  • Stocks
  • Options
  • Bonds
  • Mutual Funds
  • Exchange Traded Funds (ETFs)

Fees and Commission

The area that eOption rises to the top in comparison with the rest of online trading brokerages, is their low and competitive fees and commissions. Traders can trade stocks for just $3 per trade and options for just $3 per trade plus $0.15 per contract. Traders who use the auto trading functionality pay slightly higher commissions at $5 per trade for stocks and options. These commissions are significantly lower than any other brokerage we have seen. Another low fee by eOption are broker assisted trades at only an additional $6 per trade. Mutual funds have a fee of $15 and bonds have a fee of $5 for the first 25 bonds and then $3 per bond after that. Since the fees and commissions are so low and the executions speeds are very fast, eOption is an excellent low-cost trading solution for active day traders.

However, account fees can be quite high. For instance, traders incur a $15 annual fee for IRAs, a $60 full transfer out fee, and they can incur a $50 account inactivity fee if the account has less than 2 trades in a 12 month span.

Security and Fairness

The eOption trading brokerage is highly secure as they are regulated by a reputable agency and are a member of the Securities Investor Protection Corporation (SIPC). This membership protects customer funds of up to $500,000 with a limitation of $250,000 on claims for cash balances. As well, eOption’s clearing firm purchased additional insurance which covers customer funds up to $25,000,000 with a coverage of cash set at $900,000. Therefore, customer funds are safe in the event of broker insolvency or cease of services. As well, eOption employs the latest security measures and protocols such as 256-bit SSL encryption on all transmitted data. Also, traders have access to all the same tools, features and investment products the brokerage offers as long as they meet the minimum deposit requirements. All in all, eOption is a very safe, secure and fair online trading broker.


The customer support provided by eOption is good but nothing special. Customers can contact support via email and telephone from Monday to Friday, 8am to 8pm EST. Additionally, customers can reach out to support on their social media channels or browse through the FAQ page and educational resources section. All in all, the support is just mediocre or somewhat limited.


If you are an active day trader looking for a low cost trading brokerage with fast execution speeds, eOption could be the brokerage for you. eOption features a sophisticated trading platform that provides a streamlined trading experience for active traders. The investment products offered by eOption are standard, but forex and futures traders must look elsewhere. eOption is a very safe and secure broker and can be trusted to provide viable trading services. All in all, the eOption trading broker is an excellent option for all types of traders, especially active day traders.

eOption Q&A

The following are the common questions that customers inquired about eOption.

Is eOption regulated?

Yes, it is regulated by the Financial Industry Regulatory Authority (FINRA)

Is eOption a scam?

No, eOption is a legit broker and it’s licensed in the US.

Where is eOption based?

eOption is based in the United States at 950 Milwaukee Ave., Ste. 102 Glenview, IL 60025.


eOption Screenshot
eOption Reviews by Traders
Rate Broker and write a review
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208 reviews
Review date 02/08/2018
1 2 3 4 5 6 7 8 9 10
eOptions is safe and secure while offering competitive fees across a popular platform.
eOptions offers a very limited experience compared to its competitors.
161 reviews
Review date 02/08/2018
1 2 3 4 5 6 7 8 9 10
eOption has low fees and a reputation for being secure.
eOption is limited in just about every way a broker could be limited.
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