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FX options brokers

  • #21
  • Aug 1, 2015 8:48am Aug 1, 2015 8:48am
hey Option guru , thx for the info , im just about to start trading options with Ig mainly index options , i live in the uk .
i got so much trouble find a proper broker in the us. , as TDameritade does not accept clients from the eu , however schwab does with optionxpress and tested their account and i found it very expensive. i m testing ig options now and i m doing very well in demo but im a bit worry about the negative comments that i read in different forums. when i opened my acccount i had a lot of questions and they were helpful , also no problem with whitdrawal my money .

any experience to share with ig ( options) would be appreciated.
  • #22
  • Aug 15, 2015 1:35am Aug 15, 2015 1:35am
IG is not bad but doesn't offer many expirations, spreads in FX options are wide and minimum size is 50,000 units.

The smallest sizes in fxoptions I have found are from whotrades . com, they offer contracts sizes from only $1,000 but spreads are wide in most contracts except EUR/USD, GBP/USD, USD/JPY and maybe AUD/USD. They also offer gold and silver options but with wide spreads.
  • #23
  • Mar 16, 2016 7:38am Mar 16, 2016 7:38am
Try sentryderivatives.com, they are part of Ava Trade. Vanilla options on 40 pairs + gold and more, any day/any strike, minimum trade size is option on 10,000. And spreads look like the best I have ever seen online.
  • #24
  • Edited Sep 12, 2016 7:44am Sep 11, 2016 2:54pm | Edited Sep 12, 2016 7:44am
Quoting dtdoom
I'm looking for a FX vanilla options broker with 1000 unit size contract. What I found at the moment is 10k size contract and spread around 10 pips the best. ikon xtb saxobank finotec alpari The best probably ikon, but minimum size 10K. Any other broker ?
I try to actualize list of brokers offering ""classic vanilla fx options" for private (~retail, individual) clients
that I know nowadays (September 2016)

ikon (google "ikon finance") - intereting trading conditions (1000 minimum size, not too bad spreads on options)
but I have some doubts that this is scam broker (because of too negative reviews over internet, is it real dealer or a bucketshop?)

xtb - closed fx options
alpari - closed fx options (had it in USA branch only some years ago)
finotec - seems they close their fx options service (earlier offered to buy options only)

saxobank - nice made fx options product (you can buy/sell options, have competitive spreads, loose margin for short positions)
also have some binary variants (bet on exotic "one touch" and "no touch" options expiring from 1 day to 1 year).
But preferrable trading size starts from 50k units (for some pairs 100k units).
(Non-offshore danish financial broker)

Also I know some fxbridge.com platform partners,
brokers who offer fx options to retail clients (allow buy/sell)

AvaTrade - competitive spreads, 10k trade size minimum, you can buy/sell options, very loose delta/vega margining for short positions,
good choice of pairs for options, choice of expiries from overnight, 1w,2w,3w,1m...12m
(offshore BVI broker from Ireland)
May be ava is exclusive broker partner of sentryderivatives.com, who making fx options solution based on FxBridge trading platform

FXDD - a little bit higher spreads than AVA's, and a 100k minimum size,
12 expiries - 3rd Thursday for every month. Very loose margining for short positions (I don't know exact formula,
but for 0.5 delta eur/usd call/put it shows 1100-1200$, for 0.5 delta XAU/USD 100 oz lot it's ~1400$
independently from "days to expiration")
(USA based broker, although with offshore Malta regulation)

IG Markets - described higher (their min lot seems to be 50k or 0.5 of contract,
offer 6 USD major + EURGBP, EURJPY, GBPJPY. Poor choice of expiries - 1w, 2week, nearest quarter and next quarter ~3m)
  • #25
  • Sep 11, 2016 3:16pm Sep 11, 2016 3:16pm
I decided to try trading fx options again,
that time I will try to trade with AvaTrade (with little deposit),
cause I liked FxBridge's platform since my previous trading with AFX Capital (now closed fx options product).
Also they have good spreads and other conditions.

further I'll write more details
if meet some very positive or negative moments.
  • #26
  • Sep 11, 2016 6:05pm Sep 11, 2016 6:05pm
Quoting g09
I'm also looking for a decent FX options broker, any recommendations?

It does not get better than this platform for trading FX Options, in my personal opinion: http://www.fxall.com/solutions--capa...cution/options. The beauty is that you can trade both spot and options from the same platform interface and you can automate trade execution through a FIX, COM or Java API, if you are so inclined.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #27
  • Sep 12, 2016 4:44am Sep 12, 2016 4:44am
Quoting iDoubleStoch
{quote} It does not get better than this platform for trading FX Options, in my personal opinion: http://www.fxall.com/solutions--capa...cution/options. The beauty is that you can trade both spot and options from the same platform interface and you can automate trade execution through a FIX, COM or Java API, if you are so inclined.
Hi iDoubleStoch.
which retail broker would offer Fxall? I thought it was only for institutional traders.
  • #28
  • Jul 27, 2019 1:30am Jul 27, 2019 1:30am
Quoting Hegilento
im looking for a proper option broker which accept non us customers , and so far option house was the best and cheaper that i found, not a customer yet but on the door step . tried TD ameritrade which has a thinkorswim platform and also dough.com which is superb and very professional how ever couldnt find fx options. unfortunately TD doesnt accept non us traders which is really bad as i was ready to open an account with them and their platform and just over all was really simpathetic , also huge firm . i couldnt found ppl in the uk trading us option...
I just began reviewing TD and their think or swim platform. I've zero experience with it as of yet, because I'm just learning about it from a course I'm looking into on equities options, which is what made me interested in Forex options, because I trade spot Forex already daily and learning how to overlay options over Forex seems like the better choice for me than to need to learn equities.

I didn't know that they only serve U.S. customers though. I'll do my best to circle back and post additional brokers that I find during my discoveries and foray into the forex currency options space.
  • #29
  • Aug 4, 2019 9:52pm Aug 4, 2019 9:52pm
Quoting ajsupernova
{quote} I just began reviewing TD and their think or swim platform. I've zero experience with it as of yet, because I'm just learning about it from a course I'm looking into on equities options, which is what made me interested in Forex options, because I trade spot Forex already daily and learning how to overlay options over Forex seems like the better choice for me than to need to learn equities. I didn't know that they only serve U.S. customers though. I'll do my best to circle back and post additional brokers that I find during my discoveries...
td has fx options?
  • #30
  • Aug 11, 2019 2:28pm Aug 11, 2019 2:28pm
Quoting ElParcero
{quote} td has fx options?
So far, from what I'm seeing. It doesn't seem so. I'm using them for equities right now. Sorry if I wasn't clear about that.
  • #31
  • May 14, 2021 2:10pm May 14, 2021 2:10pm
Hi I am desperately looking for a non-ESMA FX option broker, for vanilla OTC options (not futures based).

So far I have found

  1. Saxo Bank (ESMA)
  2. AvaTrade (still waiting for them to confirm if they are ESMA or not)
  3. IG Switzerland (Non-ESMA) unfortunately they only offer 8 pairs


Am I missing anything? I really really need a non-ESMA FX options broker and I keep searching and searching the Internet with no success.

Thanks in advance

  • #32
  • May 18, 2021 6:17am May 18, 2021 6:17am
Ok, this is an update:

Avatrade.com does open accounts for EU based traders like me under the BVI jurisdiction, which means 100:1 margins (as opposed to 30:1)

IG Switzerland has slightly better (they start at 0.5%) but they only have EIGHT currency pairs for options trading, while Avatrade has all of them!
  • #33
  • Last Post: May 19, 2021 5:04am May 19, 2021 5:04am
I think you should not choose BO because it is banned in many places that provide regulation. Depositing money there can and can only be more dangerous for you.
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