What is the best exchange to trade forex options on?
- Thread starter none4425
- Start date
Robert Morse
Sponsor
Have you ever considered a structured exchange like the CME and a switch to FX futures and options?
https://www.cmegroup.com/trading/fx/options.html
Bob
https://www.cmegroup.com/trading/fx/options.html
Bob
Can you explain how this works? does it mean i need to use a broker like IB to use it?
Robert Morse
Sponsor
It means you need a futures broker. Up to you which one you use. We offer futures too.
Yes, an IB universal account is a securities account regulated by the SEC and a commodities account regulated by the CFTC that is cross margined. You can be 100% long stocks and selling currency options on futures from the CME in one account. It is also a multi currency account so you could be long UK stocks and selling options on the CME.
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Robert Morse
Sponsor
I agree except for the term "cross margined". You can't offset ETFs with Futures and reduce margin. E.G. GC future vs GLD. You need to have both margin requirements.
