International options broker except IBKR

[bhidesubodh]

Hello All.

I recently started a pty company to start trading options. Ideally I would like to trade ASX & international index and stock options and was wondering what brokers offer these products? I tried Interactive Brokers but they wouldnt let me trade options because my company doesn't have any income yet and doesnt have any assets. Saxo seems to offer 'listed options' - is that the same as the index/stock options or is this like a CFD product?

Has anyone else done this before? Appreciate any guidance or advice that you can provide.

Thank you!

Regards,
Subodh

 

[qldfrog]

Hello All.

I recently started a pty company to start trading options. Ideally I would like to trade ASX & international index and stock options and was wondering what brokers offer these products? I tried Interactive Brokers but they wouldnt let me trade options because my company doesn't have any income yet and doesnt have any assets. Saxo seems to offer 'listed options' - is that the same as the index/stock options or is this like a CFD product?

Has anyone else done this before? Appreciate any guidance or advice that you can provide.

Thank you!

Regards,
Subodh

I use saxo,
They have a pretty wide range of offers, you can buy/trade shares,Forex, ETFs, CFDs and options on most shares
I use them mostly for OS market exposure
fees are reasonable,a lot of embedded tools to set buy sell prices SL etc.
graphs and auto analysis
And the exchange rate to move money between different currencirs portfolios is good.happy with the platform, especially on PC, can be a bit screen bond on smartphones.
So all glorious review but it can be very hard..but easier than IB, to get support contact.
When **** happens as a software glitch did a while back, you are on your own in the middle of the night here in Australia
I still have no answer as to what happened many months past the problem even after trying consistently to get an answer.
It took 2 months and a direct contact with a top local rep to sort a basic issue after raising chat email support request.
Maybe best we can have here but not perfect.
I am somewhat more confident..to a limit . having my money with Saxo than IB but I am sure many would disagree
PS I am not trading aka on screen by the minute with Saxo more investing and day or week trading

 

[bhidesubodh]

Thanks @qldfrog thats very helpful. Out of interest, what options do they allow to trade on? I was a bit thrown off by the term 'listed options'. For e.g. does it let you buy or sell SPX index options? And whether it has most of the developed markets in there such as UK, US, Europe, HK, etc?
Thanks again

 

[qldfrog]

Thanks @qldfrog thats very helpful. Out of interest, what options do they allow to trade on? I was a bit thrown off by the term 'listed options'. For e.g. does it let you buy or sell SPX index options? And whether it has most of the developed markets in there such as UK, US, Europe, HK, etc?
Thanks again

I think so, for example
I do not play with these but if you have any specific item, just ask me via DM and I will quickly look if they are on the platform, I do not use these just options on spy rarely and usually ETFs like 3x spy bear bull etc is the way I play nrgu etc...
I once wanted to buy a small cap ASX junior miner and it was not available,but that is the only time I ever failed to do what I wanted, they have Canadian shares.. brokerage higher that I used in the past and while I have never used these , European markets shares
Hope it helps

 

[bhidesubodh]

That's amazing, very very helpful indeed..Thank you so much!