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General Information |
| Brokerage name: Advantages In Options
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| Minimum account size: < $1000
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| Base commission rates: $11-$14
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Brief explanation of margin rates, if applicable:
Full service, discount and online commodities brokerage that specializes in options but also does futures. Free newsletter, charts, quotes, papertrading, audio course and educational help. Rates are based on account size and whether it is broker assisted or online. Visit http://www.optioncaddie.com/Rates.htm to see a complete list.
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| This brokerage has been in business for: 2-5 years
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| Primary type of broker: Options
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Brief description of services offered:
We specialize in options but also know futures. We help point out the facts of a trade and then let you make the decision as to whether the trade parameters meet your requirements.
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Account Information
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Types of trading accounts offered:
| Full Service
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On-Line Full Service
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Premium Service
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On-Line Discount Broker
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| Customers online account information is updated: Up to the minute
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Types of trades offerered:
| Bonds
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Options
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Futures
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Indices
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| Other trade types: N/A
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Types of quotes offered to customers:
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Execution methods offered:
| Electronic direct access trading(SOES, SNET and the ISLD ECN)
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Online Broker(trade desk)
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Broker
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Exchanges covered:
| CBOT-Chicago Board of Trade
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CME-Chicago Mercantile Exchange
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CSCE-Coffee Sugar & Cocoa Exchange, Inc.
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KCBT-Kansas City Board of Trade
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| MidAm-Mid-America Commodity Exchange
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Minneapolis Grain Exchange
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NYCE-New York Cotton Exchange
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NYMEX & COMEX-New York Mercantile Exchange
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| Setup or initial costs to set up an account: 0
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Features
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Types of services offered to customers:
| Technical Analysis
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Fundamental Analysis
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Basic -charts & graphs
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Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
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| Head line news
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Unique proprietary stories and news coverage
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Portfolio management
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Allow naked option writing
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Ways customers can access their trading account:
| Internet
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Telephone
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Broker
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Mail
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| Allow stop, limit, and stop limit orders? Yes
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| Charge extra for stop, limit, and stop limit orders: No
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| Offer 24 hour customer support: Yes
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| Offer tax planning advice: No
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Additional Comments
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Special features included in the service are:
N/A
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This broker's service is better than the competition in these areas:
Option expertise and account management training
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Types of security precautions taken for customers:
All broker assisted orders can be emailed in so you have a written record of order entry to your broker. If the email has flaws, the broker will contact you with corrections or alternatives.
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Communications during systems failures has been assured through:
E-mail, telephone, fax and cellular
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The major plans for upgrading the current level of trading service are as follows:
N/A
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