Fund Your Account

Select Your Preferred Method

Wires must be sent to same-titled accounts. No third party wires may be processed.

Domestic

JP Morgan Chase Bank, N.A.
270 Park Avenue
New York, NY 10017-2070
ABA #021000021
Hilltop Securities, Inc.
Account: #08805076955
FFC: (customer name & account number at Hilltop)
Attention: Settlement Dept.

International

JP Morgan Chase Bank, N.A.
270 Park Avenue
New York, NY 10017-2070
ABA #021000021
Hilltop Securities, Inc.
Account: #08805076955
SWIFT Address: CHASUS33
FFC: (customer name & account number at Hilltop)
Attention: Settlement Dept.



THIRD PARTY WIRES WILL NOT BE ACCEPTED. FUNDS WILL BE RETURNED TO SENDER BY THE CLEARING FIRM AND FEES ASSESSED.

Important Addresses:

JP Morgan Chase Bank, N.A.
270 Park Avenue
New York, NY 10017-2070
Hilltop Securities, Inc.
1201 Elm Street, Suite 3500
Dallas, TX 75270

Set up incoming or outgoing electronic funds transfer (ACH) between bank and brokerage accounts, including automatic contributions to your IRA. Transfers can be made on demand or on a recurring basis. To utilize ACH, you must first complete and return an Authorization for Electronic Transfer form, including a voided check or bank letter. After receipt of your ACH authorization, activation may take up to 10 business days. Please mail your completed form to:

eOption
Attn: Customer Service
950 Milwaukee Ave., Ste. 102
Glenview, IL 60025.

After your initial activation, check, wire and incoming/outgoing ACH requests may be placed online after logging into your account. Requests placed prior to 11:30 AM CST will be processed the same business day. Requests for overnight delivery incur a $20.00 charge.

  • ACH deposits are not instantaneous and can take 1-3 days to post to your account and ACH deposits will be held for 3 business days if the amount exceeds the equity in your account. If you want to trade immediately, we suggest funding your account via wire transfer.
  • The daily limit for an incoming ACH transfer is $25,000 and $50,000 for an outgoing ACH transfer.
  • Same to same outgoing wire requests are limited to $50,000 per day.
  • Wire requests over $50,000 are not available for online processing and require a notarized Wire Request Form. Please contact Customer Service at 1-888-793-5333 to request this form. IRA distribution requests require an IRA Distribution Form.
  • We do not allow third party disbursements.

If you need assistance call 1-888-793-5333.

  • Money orders, third party checks, credit card checks, home equity line checks and starter checks are not accepted.
  • Make all checks payable to Hilltop Securities, Inc.
  • Please write your account number in the memo section of the check.
  • Mail checks to eOption, Attn: Customer Service, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025.
  • IRA contributions made by check require an IRA Deposit Slip.
  • All checks, including certified and cashier’s checks require a minimum of 3 business days to become available for investing.
  • Cashier’s checks must have the remitter’s name electronically printed directly on the check by the issuing bank.
Transfer an existing account from another brokerage firm.

Full, automated customer account transfers (ACAT), will typically take 7 to 10 business days. A non-ACAT (partial transfer) or manual transfer may take up to 3 weeks to complete.

Download an Account Transfer Form.

To endorse stock certificates over to eOption:

  • On the back of the stock certificate, enter Hilltop Securities, Inc. as the attorney to transfer the stock.
  • Each person registered on the stock certificate must sign the back exactly as printed on the front, including initials, suffix, etc.
  • Date the certificate.

If you have any questions regarding stock certificates, please call customer service at 1-888-793-5333.

Funds and securities are required in advance. Sufficient buying power or cleared funds are required before any buy order can be accepted. Cleared securities must be in your account before any sell order will be accepted.

Account processing will occur within one (1) business day after receipt of account paperwork. Once your account has been approved, cleared funds are required to begin trading. All checks including certified and cashier’s checks require three (3) business days before the funds are available for investing. New check and ACH deposits will be not be available for withdrawal or check writing for 10 business days after deposit to the account.

*Note that our Risk Management Department reserves the right to hold funds for more than 3 business days.

New Accounts

Upon receipt of completed paperwork, accounts are typically opened within 24-48 hours.
There is a $500 minimum to open a domestic account. A minimum of $5,000 equity in any combination of U.S. Dollars and/or U.S. exchanged traded securities is required for international accounts. New accounts must be funded within 30 days or the account will be closed.
Mail completed and signed account paperwork to:

eOption
Attn: New Accounts
950 Milwaukee Ave., Ste. 102
Glenview, IL 60025

Accounts may be funded by check, ACH, wire transfer, stock certificate or account transfer. Money orders, third party checks, credit card checks, home equity line checks and starter checks are not accepted.Some checks may require a 3 business day hold. Cashier’s Checks must have the remitter’s name electronically printed directly on the check by the issuing bank. Wired funds are usually available upon our receipt of the funds. See How to Fund Your Account for more details.
Yes. We accept unsolicited accounts from non-U.S. residents from the following countries: Austria, Australia, China, Germany, Ireland, Luxembourg, Mexico, Netherlands, New Zealand, Singapore, South Africa, Switzerland and the United Kingdom (England, Northern Ireland, Scotland and Wales). Acceptance of international accounts is at our discretion and may require additional processing time.
When completing your account paperwork, include the Account Transfer Form and a copy of your most recent statement for the account you wish to transfer.
A full automated customer account transfer (ACAT), will typically take 5 to 7 business days. A non-ACAT (partial transfer) or manual transfer may take up to 3 weeks to complete.
U.S. clients may choose from Traditional, Rollover, Roth, SEP, Simple and Coverdell IRA’s.
Yes. We allow prudent trading of options in IRA’s based on an investor’s individual suitability. Option trading in IRA’s includes call buying, put buying, cash-secured put writing, spreads, and covered calls. Unsecured (naked) puts and naked call transactions are not permitted in IRA’s. We reserve the right to determine what trading is suitable for an IRA.
Your eOption account is protected by the Securities Investor Protection Corporation.

eOption is a division of Regal Securities, Inc., a member of the Securities Investor Protection Corporation (SIPC). Your account assets are covered by the SIPC, which protects customers of its members up to $500,000, with a limitation of $250,000 on claims for cash balances. Additionally, our clearing firm, Hilltop Securities, Inc. “HTS” has purchased Excess SIPC Insurance which covers the net equity of customers’ accounts up to an aggregate of $150 million from underwriting syndicate at Lloyd’s of London.

The customer securities component, which restricts coverage with respect of any one customer, is a maximum of $25,000,000 with the aggregate covereage of cash set at $900,000. SIPC and Excess SIPC covers accounts of the member firm in the event of a member’s bankrupcy and insolvency. Coverage does not apply to losses due to market flucuation or any decline in market value of your securities. For additional information regarding SIPC covereage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org.

The phrase, “Non-Professional Subscriber” means any natural person who is neither: (a) registered or qualified in any capacity with the SEC, the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association; (b) engaged as an “investment advisor” as that term is defined in Section 201 (11) of the Investment Advisors Act of 1940 (whether or not registered or qualified under that Act; nor, (c) employed by a bank or other organization exampt from registration under federal or state securities laws to perform functions that would require registration or qualification if such functions were performed for an organization not so exempt. The phrase “Professional Subscriber” means all other persons who do not meet the definition of Non-Professional Subscriber.
Yes. eOption offers a free Paper Trading account for prospective clients and current eOption account holders. Paper Trading accounts for prospective clients will exipre after 60 days. To continue paper trading, you must open an eOption account. Live account holders can keep their Paper Trader account active to test strategies as long as the Live account is in good standing.

Trading

Yes. Extended hours trading is available from 9:00-9:30 a.m. EST and from 4:00-5:00 p.m. EST. Extended hours trades cannot be placed online. To place an extended hours trade please call the trade desk at 1-888-793-5333.

See Extended Hours Trading for more information.

• Buy-writes
• Spreads
• Combos
• Straddles/Strangles
• Butterflies/Condors
• Iron Butterflies/Iron Condors
• Rollouts

Please note that you may not be approved for all of the strategies listed above. Option rates apply to each leg of spread orders.

Please be aware of the risk associated with call spreads and dividend payment. Only owners of the underlying stock are entitled to receive the dividend. Long call holders do not have the right to receive the dividend unless the call option is exercised and shares are in the account prior to the Ex-Dividend date. Customers that are short stock coming into Ex-Dividend date due to an assignment must pay the dividend. Below is an example where you can lose more money than what was originally calculated.

You have a 100 XYZ bear call spread 128 – 129. The maximum risk (outside of exercise or assignment) is the difference between the strikes which in this example is 1. But if you were assigned and short stock coming into the Ex-Dividend date you have to pay the dividend. If you are short 10000 shares and the dividend rate is $0.56 per share the risk is now $1 plus $0.56. In unfavorable market condition moving against your strategy can lead to an unsecured debit.

Assignments can occur on any day prior to expiration and accounts are selected randomly. You, as the seller of the call option, are obligated to sell stock at the strike price. Calls that have time premium (not to be confused with premium or market price) that is greater than the dividend rate generally will not be assigned. However, there is no guarantee that the assignment will not occur regardless of the time premium or whether the option is in or out of the money. It is the right of the long call holder to exercise and the obligation of the short call holder to accept. There is no guarantee that you will be assigned either. This is the unknown until the assignment actually occurs.

Due to this risk of leaving an unsecured debit we may ask customers to close out of their spread prior to the Ex-Dividend date if you have a short call that is in the money, time premium is less than the dividend and you do not have the funds to pay the dividend in case of an assignment.

Expiring long and short option positions may be closed as early as 2:00 PM EST on the last trading day prior to expiration if you do not have the funds or buying power to buy or short the underlying security. We will allow customers to take action on their position until 3:30 PM EST but you must contact us with your intentions. Please note that you may still get assigned even if a short option is out of the money. Therefore, if there is risk to the account, short options may be closed out even if it is out of the money. The firm may close out your positions without prior notice. We may also elect not to exercise or close the resulting stock position in the aftermarket hours on Friday or pre-market hours on Monday.
No, we do not allow the entry of Pink Sheet or Bulletin Board stocks through our trading platform.
eOption does not accept deposits of equity securities traded on the Pink Sheets or OTC Bulletin Board markets priced below $1.00, including but not limited to, utilizing the following methods:

  1. Any form of physical certificate deposit through the SPS application (Securities Processing System), the Transit System (TNST), and via mail.
  2. DWAC (Deposit/Withdrawal at Custodian)
  3. DRS (Direct Registration Services)
  4. ACAT Transfer of Restricted Stock, except certain low-priced securities without any restrictive legend via ACAT.

eOption reserves the right to reject any account that has a concentration of low priced securities (penny stocks).

Most orders can be routed to a particular exchange through a broker. Broker-assisted orders are an additional $6.00. Please call our trade desk at 1-888-793-5333 for further information.
Bond trades must be placed with our bond desk, call 1-888-897-8133.
eOption,through its clearing firm, Hilltop Securities, Inc., is required to implement policies concerning trading with unsettled funds. Settled debt balances are not allowed in IRAs. Please be aware of the settlement date of stock and mutual fund sales. Stock trades, and some mutual fund trades, settle in three business days while option trades and some mutual fund trades settle in one business day. Customers with a settled debit balance in their IRA may have their mutual fund(s) and option trade(s) reversed, rebilled to a viable account or we may liquidate a stock as same-day settlement to pay for the trade(s).

Example:
Sell stock ZZZ for $5,000 on Monday. The sale will settle on Thursday.
– Buy AAA options with the sale proceeds from ZZZ on Monday. The option purchase will settle on Tuesday. This purchase will create a settled debit balance.
– Buy AAA options with the sale proceeds from ZZZ on Tuesday. The option purchase will settle on Wednesday. This purchase will create a settled debit balance.
– Buy AAA options with the sale proceeds from ZZZ on Wednesday. The option purchase will settle on Thursday. This purchase will NOT create a settled debit balance as both stock and option purchases settle on the same day. (This does not apply to credit spreads and cash secured puts as the requirement must be paid with settled funds.)

Although we have great mobile trading on iPhone, iPad and Android devices for eOption Trader Live accounts, we do not offer mobile for eOption Paper Trading at this time.

Auto Trading

As an Auto Trading customer, you give eOption, the authority to automatically execute trade alerts issued by an authorized newsletter publisher of your choice, resulting in an enhanced ability to follow and place your newsletter’s trade suggestions on a timely basis.
First, make sure that you have properly subscribed to a participating newsletter publisher and have an open eOption account. Next, login to your account and go to Additional Services > Auto Trading. You will then be guided through a process of selecting the service you subscribe to and allocating an amount you are comfortable with.
eOption Auto Trade accounts are subject to additional risks, including but not limited to, those listed in the Auto Trade Terms and Conditions. You must have your account investment objective designated as “Speculation” in order to be enrolled in eOption Auto Trade services. Auto Trade is only offered to accounts that have designated their investment objective as “Speculation”. By agreeing to the eOption Auto Trading Terms & Conditions, you accept, and are requesting that your account investment objective be updated to “Speculation”.
While eOption works with many newsletter publishers, we do not recommend one service over another. We do not have access to newsletter publisher track records or historical performance data. Our only suggestion is to inquire with multiple services to ensure that you are comfortable with the strategy and are able to fully understand the risks associated with employing said strategy. Any reputable service should provide information that you request by contacting the service directly. Proper due diligence on the subscriber’s part is extremely important.
No. eOption does not track the performance of any newsletter publisher. Before making a decision to engage in Auto Trading, you should perform the due diligence necessary to ensure that you are comfortable with the risks associated with the methods employed by the newsletter publisher.
To see our complete list of newsletter publishers, visit the Auto Trading page. If you do not see your newsletter publisher listed, contact the Auto Trade Department at 1-888-793-5333 so that eOption may determine if it is possible to establish Auto Trading with this newsletter publisher.
Yes. Clients may trade more than one newsletter in their eOption account.
If you wish to make trades on your own, outside of your newsletter publisher’s activity, we suggest you open a separate account for such trading. Please keep in mind, if you place any non Auto Trading trades in your Auto Trading account, you will be held responsible for any margin calls, fed calls, or good faith violations that are generated due to personal trading in your account.
The Auto Trade service is offered to you on a best efforts, not-held basis. We do our best to enter the recommendations as quickly and efficiently as possible. While we have back-up systems in place to ensure timely handling of orders, orders are subject to risk from errors of electronic systems, communications, market developments, and timing. In addition, other factors such as insufficient buying power or subscription lapses may cause missed trades.
You are welcome to change your Auto Trade allocation at any time by using our electronic change request via the secure, web-based trading platform. Simply log into your account and click on Additional Services > Auto Trade to access this information. Changes made online will go into effect the following business day by 8:00 AM EST.

If you desire to cancel or place on hold your Auto Trading status with eOption, you can log into your eOption brokerage account and click on the ‘Auto Trade’ tab (subcategory under Client Services) to access this information. Changes made online will go into effect the following business day by 8:00 AM EST. Please note: Once a subscription has been cancelled, you will not be able to activate auto trading until you complete a new Auto Trade Limited Trading Authorization.
There are various account funding options. You may fund your account via check, by requesting incoming or outgoing electronic funds transfer (ACH) between your bank and brokerage account, wire transfer, or transferring cash and/or securities from another brokerage account. Go to the Fund Your Account section of this page for complete instructions for each account funding option.
No. eOpton does not charge a fee for Auto Trading, however a commission rate of $5.00 for equities and $5.00 + $.15/contract for options, per execution, applies to orders entered and filled by eOption’s Auto Trade Desk. This higher commission rate only applies to Auto Trade orders physically entered by eOption’s Auto Trade desk and does not apply to customers who enter their trades directly into the eOption platform and are not utilizing the Auto Trade desk.

Customer Service

You may call 1-888-793-5333 or email support@eoption.com. (Mon. – Fri. 8:00 a.m. – 8:00 p.m. EST)
Mon. – Fri. 8:00 a.m. – 8:00 p.m. EST
eOption
Attn: Customer Service
950 Milwaukee Ave., Ste. 102
Glenview, IL 60025

Money orders, third party checks, credit card checks, home equity line checks and starter checks are not accepted.

Include an IRA Deposit Slip when making deposits into an IRA account.

Please make all checks payable to our clearing firm, Hilltop Securities, Inc.. Include your account number in the memo line of the check. Important Note: Cashier’s Checks must have the remitter’s name electronically printed directly on the check by the issuing bank. Money orders, third party checks, credit card checks, home equity line checks and starter checks are not accepted.
1. On the back of the stock certificate, enter Hilltop Securities, Inc. as the attorney to transfer the stock.

2. Each person registered on the stock certificate must sign the back exactly as printed on the front, including initials, suffix, etc.

3. Date the certificate.

4. In pencil, write your account number on the front of the certificate in the upper right hand corner.

Please mail the certificate(s) to:
eOption
Attn: Customer Service
950 Milwaukee Ave., Ste. 102
Glenview, IL 60025

If you prefer, you may submit an Irrevocable Stock Power Form in place of completing the above information on the actual stock certificate. Please note you must still mail the stock certificate to eOption for processing.

Important Note: eOption does not accept for deposit or process restricted stock.

See Account Funding Options for more information.

Domestic
JP Morgan Chase Bank, N.A.
270 Park Avenue
New York, NY 10017-2070
ABA #021000021
Hilltop Securities, Inc.
Account: #08805076955
FFC: (customer name & account number at Hilltop)
Attention: Settlement Dept.

International
JP Morgan Chase Bank, N.A.
270 Park Avenue
New York, NY 10017-2070
ABA #021000021
Hilltop Securities, Inc.
Account: #08805076955
SWIFT Address: CHASUS33
FFC: (customer name & account number at Hilltop)
Attention: Settlement Dept.
THIRD PARTY WIRES WILL NOT BE ACCEPTED. FUNDS WILL BE RETURNED TO SENDER BY THE CLEARING FIRM AND FEES ASSESSED.

See Account Funding Options for more information.

Complete the Domestic Wire Request form.

Mail your request to:
eOption
Attn: Customer Service
950 Milwaukee Ave., Ste. 102
Glenview, IL 60025

Alternatively, you may fax the request form to 1-877-367-8466.

If the wire request is for $50,000 or more, it must be notarized. Wires must be sent to same-titled accounts. No third party wires may be processed.

See Account Funding Options for more information.

Check, wire, and ACH requests may be conveniently placed online through the Cash Management System. Log in to your account, go to Accounts and click the Cash Management tab. You may request checks, incoming and outgoing ACH transactions, and outgoing wire requests. Requests placed prior to 2:00 PM EST will be processed the same business day. Requests for overnight delivery incur a $25.00 charge. See How to Fund Your Account for more details.
No. We will not accept deposit or process restricted stock under any circumstances. If we receive restricted stock, it will be returned to the sender.
Margin maintenance ranges from 30%-100% depending on the particular stocks in the account.

See Margin Requirements for more information.

Margin accounts with any concentrated single position comprising more than 50% of the account value will be charged 40% on the entire account.

See Margin Requirements for more information.

“Pattern Day Traders” are defined as those customers who day trade (buy and sell the same position within the same trading day) four or more times in five business days.

See Day Trading Margin Rules and Day Trading Risk Disclosure for more information.

Customers outside North America can reach us at 1-847-375-6080. Contact Us for information.

Important Information for International Accounts

eOption requires a low minimum initial requirement to open an International account. We accept unsolicited accounts from non-U.S. residents from the following countries: Austria, Australia, China, Germany, Ireland, Luxembourg, Mexico, Netherlands, New Zealand, Singapore, South Africa, Switzerland and the United Kingdom (England, Northern Ireland, Scotland and Wales). Cash accounts can be opened with a minimum of $25,000.00 in any combination of US Dollars and/or US/foreign exchange traded securities. Some foreign securities may be ineligible. Cash accounts may only be approved to write covered calls and/or buy calls and puts. Please call 1-847-375-6080 for more information.

International Clients may wire funds or may choose to transfer funds from a US based brokerage firm. Foreign stocks can be held and sold, and, eOption can purchase some, but not all, foreign securities. All eOption accounts deal in US dollars and are only based on cleared funds. Receipt of a wire transfer from a US affiliated bank constitutes “cleared funds”.

IMPORTANT INSTRUCTIONS: International applicants are required to complete and submit an original W-8BEN form, Foreign Account Questionnaire and provide a clear copy of their non-expired passport for identification. In addition, they are required to provide a clear copy of their current bank statement or utility bill to confirm the name and address on the account application.

Please mail the original documents along with the account application to:

eOption
Attn: New Accounts Dept.
950 Milwaukee Ave. Ste. 102
Glenview, IL 60025