From May 2017 through April 2022, Fidelity did not exercise reasonable due diligence before approving customers to trade options.
The launch of eToro Options follows the recently announced acquisition of Gatsby, an options trading platform.
Electronic trading major Interactive Brokers has added Options Wizard to its GlobalTrader mobile app.
Gatsby, based in New York, is a commission-free options and stock trading app focused on a younger demographic.
Options trading in cash accounts is one of the most requested features from Robinhood advanced customers.
Traders can map out “what if” scenarios by adjusting price moves and individual implied volatility in their positions.
Owners of such accounts may migrate to futures/options trading accounts.