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 $5,000.00 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 Margin and Spread trading accounts require an additional security deposit of $5,000.00 that will be held in your account separately from the funds you will be using for trading and will not count towards your buying power or equity figures. The funds will be reflected in your monthly statements. Margin is required in order to be approved for spread trading. For International accounts that wish to trade uncovered puts, the security deposit will be an additional $10,000.00.
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:
Attn: New Accounts Dept.
950 Milwaukee Ave. Ste. 102
Glenview, IL 60025