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Where to for Australian investors seeking to trade options in the US?

Discussion in 'Beginner's Lounge' started by Nudist, Mar 27, 2018.

  1. Nudist

    Nudist

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    I see a discussion thread from 2016 noting the closing of thinkorswim services to Australian option traders. I was with Optionsxpress for about a year and was happy with the service. However I did close because my account last year to pursue other investment opportunities. I recontacted them today to reactivate my account only to be told that their terms and conditions have changed in the interim and as a result I will need to deposit a minimum of $25,000 into my account to trade. This doesn't seems fair given that they charge every time I do trade. Is anyone aware if any other service that provides options trading on the US market for Australians thanks
     
  2. Warriortrader

    Warriortrader

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    You could try TradeStation or even Saxo...google them ...Interactive Brokers...google them :)
     
    penedo likes this.
  3. Qtrader

    Qtrader

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    I don't trade options myself but use Tradezero as my US broker. They do options but can't comment on commissions for options as I don't trade them. They are very cheap for stock trading commissions and I don't believe they have minimum to start account.
    Have a look at their website and see what you think.
     
  4. penedo

    penedo

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    I don't have personal experience with them yet and not sure they offer options trading but I like what I heard so far about ************. They say they take their cut from the conversion between AUD/USD and free trades.

    Personally my OptionsXpress account was migrated to Charles Schwab when they were bought last year and so far I'm happy with them.
     
  5. brisman

    brisman

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    If seeking to trade options in the US, for a free options educational site it's hard to beat aeromir.com

    I have accounts with Interactive Brokers and Charles Schwab. IB is better once you learn how to use them but CS is easier when you are first learning.
     
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