eOption offers several account types to cater to different trading needs. Here are the primary account types available:
- Individual Brokerage Account: No minimum balance required to open. Ideal for individual traders looking to manage their investments.
- Joint Account: Designed for two individuals to share trading responsibilities and profits.
- Corporate Accounts: For businesses wanting to invest in stocks and options.
- Partnership Accounts: Suitable for partnerships wishing to trade collectively.
- Limited Liability Company (LLC) Accounts: For LLCs that want to engage in trading activities.
- Trust & Custodial Accounts: Designed for trusts and custodial arrangements to manage investments on behalf of minors or beneficiaries.
- International Accounts: Available for non-U.S. residents, requiring a minimum equity of $25,000.
For retirement-focused investors, eOption also provides various IRA options, including Traditional, Roth, SEP, and SIMPLE IRAs.
eOption Broker Account Opening Process
Opening an account with eOption is straightforward. Heres a step-by-step guide to the account opening process:
eOption accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .