---

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

Important Addresses:

---

You can easily set up incoming or outgoing electronic fund transfers (ACH) between your bank and eOption brokerage account, including automatic contributions to your IRA. Transfers can be made on demand or on a recurring basis.

To start using ACH, you have two options:

1. Set up your ACH relationship entirely online. This is the fastest and easiest way to link your accounts. This process may be completed during the online account opening process or, once your eOption account is set up, you may establish an ACH relationship within our Additional Services/Cash Management tab after you login to our secure trading platform. This process requires you to enter your banking relationship and answer personalized questions via our secure connection with VISA Plaid.

Please note: your login data is fully encrypted and eOption never has access to your credentials.

2. Set up your ACH relationship manually. You may complete and return an ACH Authorization Form, including a voided check or bank letter. After receipt of your ACH authorization, activation may take up to 10 business days. Voided checks for ACH set ups must have an address printed on the check matching the address on the brokerage account. If the attached voided check does not have a matching address, a copy of a driver’s license/State ID or a bank statement with an address matching your brokerage account must be included along with your ACH form.

Please submit your completed form by email, fax or mail:
Email: Support@eOption.com

Fax: 877-367-8466

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

* * *
Please note: ACH deposits are not instantaneous and can take 1-3 business days to post to your account. ACH deposits will be held for 4 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.

To enhance fraud prevention and risk management efforts, please be aware that all ACH deposits must remain in your eOption account for a minimum of 30 days before withdrawal is permitted. Depending on specific circumstances, the firm reserves the right to extend this holding period for up to 60 days. If this is a concern, please consider funding your account via wire transfer since this policy does not apply to incoming wires.

If you need assistance, please call 1-888-793-5333 or email us at Support@eOption.com.

• 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.
It typically takes 3-5 business days for an electronic transfer between brokerage firms to be completed and the assets to show up in your eOption account.

Click Here to view our Transfer FAQs and start your transfer.

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 not be available for withdrawal or check writing for 10 business days after deposit to the account.

Upon receipt of completed paperwork, accounts are typically opened within 24-48 hours.

There is no minimum to open an account. A minimum of $25,000 equity in any combination of U.S. Dollars and/or U.S. exchange traded securities is required for international accounts. New Accounts must be funded within 60 days of the account opening or the account may 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 4 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.

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.

Yes. Extended hours online trading is available from 8:00-9:28 a.m. EST for pre-market session and from 4:00-6:00 p.m. EST for post market session.

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.

See Margin Guidelines for more information.

See Margin Guidelines for more information.

See Margin Guidelines for more information.

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.

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).

Bond trades must be placed with our bond desk, call 1-888-897-8133.

Yes, we have a great mobile app for iPhone, iPad and Android devices for eOption Live and Paper trading accounts. To download, click the links to the app stores on our eOption Mobile page.

GTC (Good Til Canceled) orders do not stay open indefinitely. Orders may be canceled due to corporate actions such as stock split or symbol change. Orders may be canceled after one year. Each venue will have a policy on how long orders are held. Therefore, orders may stay open greater than one year.

Please contact the trade desk at 888-793-5333 for more information regarding order handling policy.

If your equity, the sum of all positions (except options) in the margin type and trade date balance, is below $2000 you must pay for your purchase in full and cannot go on margin. If you do not have the funds to pay for the purchase in full then you must deposit funds to satisfy the requirement, otherwise a liquidation to cover the debit and a 90 day restriction will apply. Another scenario is if you reduce your equity by buying option(s) which results in your equity falling under $2000 with a debit balance the debit must be covered with new funds, otherwise a liquidation to cover the debit and a 90 day restriction will be applied.

Calls are generally due in 3 business days after issuance. But due dates may be accelerated if concentration exists in the account. Exchange calls are due in 1 business day.

A Day Trade Call is issued when you complete a day trade in excess of your start of day buying power.  A day trade is defined as opening and closing the same security on the same trading day in that sequence.

For example, you had $2000 buying power at start of day, sell $8,000 ABC and then use the proceeds to buy $10,000 XYZ and then sell XYZ all on the same day you will be issued a day trade call of $8,000.

Calls will be based on the initial margin cost of the trade minus start of day excess. Day trade Calls are required to be met with new funds within 3 business days or a 90 day closing only restriction will be applied after the due date.    Funds may post after the due date to end the restriction early.  New funds must remain in the account for a minimum of 2 business days before they can be withdrawn.

Retirement accounts that are approved for spread and cash secured options trading can be flagged as a pattern day trader (PDT) if 4 or more day trades are executed within a rolling 5 business day period. As a PDT retirement account, the account must maintain $25,000 in account value start of day in order to enter opening transactions.

This exchange rule states: An account which places 390 option orders per day (equates to one order per minute of the regular session) on average for a calendar month is designated as a “professional customer.” This rule, adopted by the options exchanges, is designed to identify professional customers who compete with market makers that otherwise should not receive priority over retail customer orders.

The number of option orders is aggregated by all accounts held by one beneficial owner. Additional monthly data charges may also be applied. Eoption does not support professional traders designated by the 390 Professional Orders rule. Account restriction may be applied to those designated as a 390 professional option order trader.

You may visit the CBOE site below regarding the 390 Professional Orders rule.

https://cdn.cboe.com/resources/regulation/circulars/regulatory/RG16-064.pdf

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 $2.00 for equities and $3.99 + $0.10/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.

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. – 6:30 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 and ACH requests may be conveniently placed online through the Cash Management System (limited to non-IRA accounts). Log in to your account, go to Accounts and click the Cash Management tab. You may request checks, incoming and outgoing ACH transactions. Requests placed prior to 11:00 AM EST will be processed the same business day. Requests for overnight delivery incur a $25.00 charge. Unfortunately, wire transfer requests cannot be planned online through the Cash Management System. 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 may 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.  The account must meet the $25,000 margin equity requirement start of day or the account will be restricted to closing transactions only.  Options are not considered margin equity.  Money markets and other cash instruments not in the margin type are not considered margin equity and will not be used to calculate day trade buying power.  Please contact customer service to remove money market or other cash instrument sweeps in order to avoid restriction and/or to fully use the available funds.

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.