Recommendation for european options broker ? - Options on Futures | futures io social day trading
futures io futures trading


Recommendation for european options broker ?
Updated: Views / Replies:4,267 / 8
Created: by leinster Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Recommendation for european options broker ?

  #1 (permalink)
Elite Member
Brussels / Dublin
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: Stdev + 2
 
Posts: 467 since Jun 2010
Thanks: 842 given, 592 received

Recommendation for european options broker ?

Hi,

As thread suggest's im looking for an options broker that will allow a EUR account to trade USD options.

As i understand optionsexpress is the best however they dont provide EUR accounts and i dont want full exposure to USD.

Im with IB for futures but wondering what europeans are using for options ?

Specifically options spreads is what im looking to trade ?

Thanks

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received


Why not IB?

I would say ThinkOrSwim but they stopped the European accounts a few months ago to my knowledge.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #4 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: ...
 
Jura's Avatar
 
Posts: 774 since Apr 2010
Thanks: 2,347 given, 661 received


leinster View Post
Im with IB for futures but wondering what europeans are using for options ?

If you use IB for options trading, you also have a more efficient use of capital if you trade options through IB than if you open a second account at another broker and need to sufficiently fund it (i.e., a lot of "sleeping money" in such a separate options-only account).

So,

Big Mike View Post
Why not IB?


Reply With Quote
The following user says Thank You to Jura for this post:
 
  #5 (permalink)
Elite Member
Brussels / Dublin
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: Stdev + 2
 
Posts: 467 since Jun 2010
Thanks: 842 given, 592 received

Okay to begin with the following is the scenario. I will take my existing future's strategy which i run automated and send myself text messages to enter and exit trades with options (as options not easily automatible with ninjatrader).

What i want to do is the following as my strategy is outright trend following say i want to go long a position i will trade using option spreads. So if i am long crude ITM option and writing an OTM option i can write the whole thing with as much leverage as possible by just using the HARD stop in my futures strategy. For instance if my hard stop is 1K on futures then ill make a spread that costs 1K with options.

The thing is i have read (on this forum) the leverage requirements with IB for options / option spreads is a lot more than other places but i didnt see it on the IB website..... Im not sure if this is the case for option spreads though as the risk is defined anyone know ?

The only thing i want to risk is the spread of the option price no more and no less as this should equate to the initial stop loss in my strategy (futures).

With my IB account i do have a lot of capital sitting idle but i used the slimmed down tws api and i expect i will need to open a subaccount with IB to trade options effectivly.

For accounting purposes id like my options trading seperated.

I guess IB is the best anyone doing spread options on IB and what is the margin requirements (just the spread cost??) ?

Reply With Quote
 
  #6 (permalink)
Trading Apprentice
paris france
 
Futures Experience: Intermediate
Platform: IB tws
Favorite Futures: index futures
 
Posts: 11 since Dec 2012
Thanks: 4 given, 2 received

have you tried papertrading your strategy with IB ? This should give you all the info you need on their spread margin requirements.

I'm also interested in finding a good european based broker but haven't found anyone competitive yet - several with decent rates and multiple products are just using IB's platform adding an extra fee.

Reply With Quote
The following user says Thank You to marcl for this post:
 
  #7 (permalink)
Trading Apprentice
Burgas, Bulgaria
 
Futures Experience: Intermediate
Platform: Saxotrader
Favorite Futures: Forex
 
Posts: 2 since Sep 2012
Thanks: 3 given, 1 received

cortex.bnpparibas.com

cortex .bnpparibas. com

This is the most impressive service I have seen recently. Not sure if they accept small accounts however.

PS: I still have no permission to post links so assemble the link by deleting the spaces.

Reply With Quote
 
  #8 (permalink)
Elite Member
Milton Keynes UK
 
Futures Experience: Intermediate
Platform: Investor/RT, Sierra Chart
Favorite Futures: Futures Options, CL
 
Posts: 157 since Jun 2009
Thanks: 74 given, 115 received


leinster View Post
Okay to begin with the following is the scenario. I will take my existing future's strategy which i run automated and send myself text messages to enter and exit trades with options (as options not easily automatible with ninjatrader).

What i want to do is the following as my strategy is outright trend following say i want to go long a position i will trade using option spreads. So if i am long crude ITM option and writing an OTM option i can write the whole thing with as much leverage as possible by just using the HARD stop in my futures strategy. For instance if my hard stop is 1K on futures then ill make a spread that costs 1K with options.

The thing is i have read (on this forum) the leverage requirements with IB for options / option spreads is a lot more than other places but i didnt see it on the IB website..... Im not sure if this is the case for option spreads though as the risk is defined anyone know ?

The only thing i want to risk is the spread of the option price no more and no less as this should equate to the initial stop loss in my strategy (futures).

With my IB account i do have a lot of capital sitting idle but i used the slimmed down tws api and i expect i will need to open a subaccount with IB to trade options effectivly.

For accounting purposes id like my options trading seperated.

I guess IB is the best anyone doing spread options on IB and what is the margin requirements (just the spread cost??) ?

I use IB for US futures and options from the UK.

To be honest I am not sure if you are looking at a debit spread or a credit spread. If a debit spread your risk is what you payed out for the spread.

Are you referring to the margins for SELLING options on IB, which are higher than elsewhere and so gives you lower leverage. When you talk about spread options on IB you need to differentiate between stock options and futures options. With stock options the margin required is the difference between the spread cost, as you suggested. With futures options and you mention crude oil specifically, IB does charge full exchange margin and thus is higher than OptionsXpress and others charge. This is because IB is not applying SPAN margin requirements.

You should be able to call up a futures option and get the margin required much as you would with futures themselves.
As far as account management goes the reports are segregated in to futures, options, stock/etfs etc so it is pretty easy to keep them seperate.

Another thing I do is transfer the currency equivalent of a futures contract from pounds sterling in to dollars to trade with and then buy a futures contract GBPUSD as a currency hedge. That means I am neutral to currency fluctuations between the Pound and the Dollar.

Brit

Reply With Quote
 
  #9 (permalink)
Elite Member
Belgium
 
Futures Experience: Advanced
Platform: SaxoTrader
Broker/Data: SaxoBank
Favorite Futures: ESTX
 
Posts: 290 since Dec 2009
Thanks: 242 given, 109 received


Big Mike View Post

I would say ThinkOrSwim but they stopped the European accounts a few months ago to my knowledge.

Mike

If they once stopped, at least they now resumed opening accounts for european customers.

Reply With Quote

Reply



futures io > > > > Recommendation for european options broker ?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Best Broker Trusted: Options,Futures,Forex,Stock bomberone1 Reviews of Brokers and Data Feeds 7 August 1st, 2013 05:00 AM
Recommend futures, options Broker? sam1197 Reviews of Brokers and Data Feeds 17 March 27th, 2013 01:42 AM
Any Stock Friendly Platforms Open Broker and Data Options eztraderjr Platforms and Indicators 1 September 11th, 2012 09:15 AM
Velocity Futures charged Maintenance Fee. Need new broker recommendation cw30000 Reviews of Brokers and Data Feeds 57 August 17th, 2012 05:14 PM


All times are GMT -4. The time now is 10:59 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.13 seconds with 19 queries on phoenix via your IP 54.145.16.43