Forex Options Trading Brokers

A forex exchange option (also called FX option or currency option) is a derivative financial instrument that gives its owner the right to exchange money from one currency to another at a pre-set exchange rate on a particular date (the option owner is not obliged to take advantage of this right). 



Let's see how this look in a practical example: a GBP/USD contract for example gives its owner the right to sell £100,000 and buy $200,000 on May 1. The pre-set exchange rate here is 2.000 and the notional amounts that could be exchanged are £100,000 and $200,000. 

If the actual exchange rate on May 1 is 1.900 for example, the FX option is exercised letting its owner sell GBP at 2.000 and buy GBP immediately on the spot market, making a profit in the process.  


This is why there are a few things you need to look for when shopping for a forex options trading broker: 

- Competitive commission rate for your forex transactions.

- Reliable online trading platform to execute your forex options trading.

- Real-time rates, charting and research tools to help you make the right investment decisions.  


Below is a list of OTC Forex Options Brokers. If you are looking for exchange traded forex options, check Interactive Brokers, Charles Schwab or Thinkorwim.



Forex Options Trading Brokers

Broker Regulated Min.deposit Leverage Spread Promotion Review
$1 1:200 0.8 Review Website
$10 000 1:100 2 Review
$10 000 1:50 1 Review
No 1:500 1.6 Review
$25 1:400 3 Review
$1 1:500 0.9 Review
$200 1:500 1.6 Review
$500 1:50 1.5 Review
  $250 1:400 2 Review
$200 1:500 2 Review
$200 1:100 1.3 Review
$50 1:500 1 Review
$250 1:50 1 5% Bonus Review
$400 1:50 0.9 Review
  $1 1:1000 3 30% Bonus Review

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