Recommend an Options Broker

[Stever]

I posted this down in the Derivatives Section but I see there is only one other post there from last year. So i doubt it would get seen.

I am looking for a forex broker that offers options trading. Covers Gold and Silver as well as currencies. Low and transparent fees, tight spreads. Well established brokerage, no IB's or White Lables.

You can read my original and more detailed post here : http://www.moneytec.com/forums/f189/...24/#post198406

[yigal]

Originally Posted by Stever

I posted this down in the Derivatives Section but I see there is only one other post there from last year. So i doubt it would get seen.

I am looking for a forex broker that offers options trading. Covers Gold and Silver as well as currencies. Low and transparent fees, tight spreads. Well established brokerage, no IB's or White Lables.

You can read my original and more detailed post here : http://www.moneytec.com/forums/f189/...24/#post198406

What options? OTC or exchange traded, then again what options do you trade "daily", "weekly", "monthly"?

[Stever]

Originally Posted by yigal

What options? OTC or exchange traded, then again what options do you trade "daily", "weekly", "monthly"?

OTC forex options

mainly day trading

[yigal]

Originally Posted by Stever

OTC forex options

mainly day trading

I couldn’t find anyone better than http://www.igindex.co.uk/ for the daily OTC.

[Stever]

Thanks Yigal but I am looking for tradeable options that I can day trade, or scalp on, or possibly hold for a few days, or till expiry if need be.

[yigal]

Originally Posted by Stever

Thanks Yigal but I am looking for tradeable options that I can day trade, or scalp on, or possibly hold for a few days, or till expiry if need be.

Please clarify what is a "tradable" option. Cos I buy and sell daily and weekly options at IG. Daily have 4-6 pip spread and are the best for scalping.

[Stever]

I guess i missinterpreted the description of the options at IG. Looked liked they expire at EOD and they either hit or miss. Does the premium value of these options at IG fluctuate with the market and can the option then be sold before expiry, should the market go in the right direction, and sell the thing for a profit, without having to wait till expiry?

I'll take a closer look at the IG site.

[yigal]

Originally Posted by Stever

I guess i missinterpreted the description of the options at IG. Looked liked they expire at EOD and they either hit or miss. Does the premium value of these options at IG fluctuate with the market and can the option then be sold before expiry, should the market go in the right direction, and sell the thing for a profit, without having to wait till expiry?

I'll take a closer look at the IG site.

Yes, you can do all that. Look, you can open an account online and take a look a live option prices for yourself (no need to send funds to an account).
Actually if you know a broker with better spreads on daily opltions than IG, please let me know.