If you are seeking a provider for your binary options trading, eOption is worth considering. This eOption review for 2022 will help potential traders understand if it is a legitimate platform to utilize or if it is best to avoid investing in this particular broker.
eOption.com is a binary option trading broker. Over the years, many people have asked me to review the company because there are so many scams floating around online with similar names. So without further ado, read my eOption review for 2022.
Who is eOption?
eOption is an online brokerage for self-directed investors. The company offers a range of investment products, including options and stocks, with low commissions and fees. Investors can access their accounts online or by using the mobile app.
This is a discount broker that prioritizes low-cost trades and accessible options trading. If you are an active options trader, it may be the right fit for you. If you’re not an active trader, though, eOption doesn’t offer much beyond its low-cost trading. It has no brick-and-mortar branches, research tools are limited and customer service is available only by phone call.
eOption is a self-directed brokerage firm that specializes in low-cost stock and options trading. It offers a variety of platforms for different kinds of traders. The company’s fees, commissions, and account minimums are also less expensive than average.
It is a discount broker that offers low-cost trades and access to multiple investment products. It’s not as well known as some of the biggest brokers, but it offers many of the same services at much lower prices. eOption offers trading in stocks, bonds, ETFs, options, mutual funds, and CDs. It doesn’t offer banking services or retirement accounts such as IRAs, but it does provide individual taxable accounts.
Account Types Offered
eOption offers individual taxable and retirement accounts, as well as joint, custodial, and trust accounts (except IRA). The account types include:
- Individual taxable account
- Joint account
- Custodial account (UTMA/UGMA)
- Rollover IRA
- Traditional IRA
- Roth IRA
- SEP IRA
- SIMPLE IRA
Is eOption Legit?
eOption is a legitimate discount brokerage option for stock and options traders. The full-service broker offers low fees, commission-free ETFs, and a mobile app with paper trading capability. eOption is a discount brokerage that offers low commissions to self-directed active traders who want to invest in stocks, bonds, options, mutual funds, ETFs, and more. The company offers low commission rates and margin rates, but it doesn’t provide full-service offerings.
The company is an alternative trading platform for self-directed investors who want to buy and sell options, stocks, and exchange-traded funds (ETFs). From what I have been finding, eOption is an upcoming broker and is legitimate. However, it has to be noted that it only caters to the USA people and might not be available for an international audience.
Since the purchase by ETRADE, eOption has eliminated some of the tools and services it provided previously, most notably its mobile app. Nevertheless, this discount broker is still one of the most affordable options to start trading options with low commissions and margin rates. eOption is a legitimate discount broker that provides robust trading tools at very low rates. However, you must be an active trader who can do without investment advice from a broker or financial advisor.