Broker for Options trading

nitinpatil

Hi

does any one know broker who charges less for trading option on FTSE ?

Any experience or additional information would be very helpful.

I m thinking of starting dealing with options - at moment I havent got any experience in trading but started studying about options

thanks

Pats

jonesMUFCforever

Don't do it is my only advice.

By all means play with pretend money but if you are anything less than an expert you will lose any real money!

cheerfulcat

Probably better asking on the Motley Fool - Options, CFDs & Spread Bet board.

Have to agree that you need to know what you're doing, though - IM (non expert ) O, it's closer to gambling than investing.

purch

broker who charges less

Less than what ???

m thinking of starting dealing with options - at moment I havent got any experience in trading

..........sounds like a good plan to me :eek: :rotfl:

nitinpatil

Hi Guys

thanks for reply

does anyone here trading options?

thanks

Pats

Darth_Trader

I haven't traded options, but have experience in underlying shares, and commodities - the latter via unit trusts, OEICs and ETC/ETFs, over the past three years.

The usual mode for highly-geared trading or access to short-selling would be spread betting (no tax or interest, it's all in the wider spread) or CFDs. Less complicated than options/covered warrants. You would have to sign a special disclaimer for these sort of instruments because of the leverage involved - that is, you can lose everything, and then still have people chasing you for more, unless you use guaranteed stoplosses (which adds even more cost!)

No advice intended, but I would be more inclined to investigate normal stocks before trying derivatives, especially in this market!

purch

does anyone here trading options?

Yes. I used to trade OTC Currency Options.

Without the knowledge, understanding and a heck of a lot of expensive and sophisticated software you will be eaten alive !!!!

free4440273

The other option is spread-betting: tax free but risky:eek: