Iq option q es
These are safe and reliable platforms for investing. The broker made it to number 4 on my list because you can trade coins via CFD with leverage and real value. The StockBrokers. Best Options Trading Platforms for 2020. com best online brokers 2020 review 10th annual took six months to complete and produced over 30,000 words of research. Next to active traders, there is arguably no customer more valuable to an online broker than an options trader.
Options trades offer brokers much higher profit margins than stock trades, and, as a result, competition is fierce in attracting these clients. This type of market atmosphere is great for investors because with healthy competition comes product innovation and competitive pricing. Best Options Trading Platforms. Here are the best options trading platforms, based on over 100 variables. E TRADE - Best for options overall TradeStation - Low costs, great platform TD Ameritrade iq option q es Best options tools Interactive Brokers - Best for professionals Charles Schwab - Unique order types.
Best for options overall. Built as a web-based platform, Power E TRADE innovates and delivers speed, ease of use, and the tools needed for traders to succeed. Once again, in our 2020 Review, Power E TRADE won our award, Best Web-Based Platform. E TRADE also took our top spot for options trading. Read full review. Low costs, great platform - Open Account Promo Offer Commission-Free Trades on Stocks, ETFs Options Trades.
As a trading technology leader, TradeStation shines. Options trading is a breeze using OptionStation Pro, a built-in tool within the TradeStation desktop platform designed for streamlined trading and robust analysis. Options tool capabilities include custom grouping for current positions, streaming real-time greeks, and advanced position analysis, to name a few. Best options tools. Once again, for the ninth consecutive year, TD Ameritrade is number one for trading platforms and tools, thanks to desktop-based thinkorswim.
Whether day trading, options trading, futures trading, or you are just a casual investor, thinkorswim is a winner. Here s how we tested. Trading tools within the Trader Workstation TWS platform are designed for professional options traders. Best for professionals - Open Account Exclusive Offer New clients that open an account today receive a special margin rate. From algo trading to Options Strategy Lab, Volatility Lab, Risk Navigator, Market Scanner, Strategy Builder, and Portfolio Builder, Interactive Brokers is built for professionals.
Options commissions start at. 65 per contract with a 1. 00 minimum and no maximum. Unique order types. Schwab s flagship downloadable trading platform, StreetSmart Edge, provides most of the bells and whistles options traders and day traders need to succeed. For options traders, Schwab s All-in-one trade ticket, alongside the proprietary Walk Limit order type, are both excellent.
Options Trading Tools Comparison. Feature E TRADE Interactive Brokers Open Account TD Ameritrade TradeStation Open Account Option Chains - Streaming Yes Yes Yes Yes Option Chains - Total Columns 30 37 33 32 Option Chains - Greeks 5 4 5 5 Option Chains - Quick Analysis Yes Yes Yes Yes Option Analysis - P L Charts Yes Yes Yes Yes Option Probability Analysis Yes Yes Yes Yes Option Probability Analysis Adv Yes Yes Yes Yes Option Positions - Greeks Yes Yes Yes Yes Option Positions - Adv Analysis Yes Yes Yes Yes Option Positions - Rolling Yes Yes Yes Yes Option Positions - Grouping Yes Yes Yes Yes Platforms Tools 4.
Platform wise, web-based Power E TRADE offers all the tools an options trader could want, and displays them in magnificent form. Best Options Trading Tools. Attention to detail, such as automatic spread groupings, effortless scanning through strategySEEK, and easy-to-understand risk reward data through tradeLAB, make Power E TRADE a truly unique experience. Keeping the spotlight on excellent platforms and tools for options traders, TD Ameritrade s thinkorswim and TradeStation cannot be left out.
Strategy Roller from thinkorswim enables clients to create custom rules and roll their existing options positions automatically. The number of settings and depth of customization available is impressive, and something we have come to expect from thinkorswim. Not to be outdone, TradeStation s OptionsStation tool makes analyzing potential trades a breeze, and even goes as far as including 3D P L charts.
Investors note, however Popcorn and 3D glasses are not required, and while visually appealing, we did not see any distinct advantage over the traditional 2D P L chart. If unique features and functionality matter to you, Charles Schwab offers the Walk Limit order type, which will walk your order to try to get the most favorable price within the National Best Bid or Offer NBBO. The broker also offers Idea Hub, which uses targeted scans to break down options trade ideas visually.
For professionals, Interactive Brokers takes the crown. At Interactive Brokers, there is no base charge, and the per-contract rate is just. That said, the broker is built primarily for professional traders and requires a 100,000 minimum deposit for margin accounts. Lastly, its trading platform, Trader Workstation, is the most challenging platform to learn out of all the brokers we tested for our 2020 review. Additional savings are also realized through more frequent trading.
There s a healthy variety of reputable brokers to choose from in the world of options trading. At a minimum, investors should expect their broker to include scanning, P L analysis, risk analysis, and easy-order management. Position management functionality and tying the experience together is where platforms such as Power E TRADE and thinkorswim by TD Ameritrade distinguish themselves.
What is the best platform for trading options. The best trading platform for options trading offers low costs, feature-rich trading tools, and robust research. Our all-around top pick in 2020 for options trading is Power E TRADE. The web-based Power E TRADE platform includes all the tools an options trader could want and displays them in magnificent form. My two favorites are strateySEEK and Snapshot Analysis. What is a call option. In its most basic form, a call option is used by investors who seek to place a bet that a stock will go UP in price.
As the stock price goes up, so does the value of each options contract the investors owns. Each contract represents 100 shares of stock. Buying a call option contract gives the owner the right but not the obligation to buy shares of stock at a pre-specified price for a pre-determined length of time. In its most basic form, a put option is used by investors who seek to place a bet that a stock or other security such as an ETF, index, commodity, or index will go DOWN in price. Buying a put option gives the owner the right but not the obligation to sell shares of stock at a pre-specified price strike price before a preset date expiration.
The further the stock falls below the strike price, the more valuable each contract becomes. What is the minimum amount required to trade options. For most brokerages, the minimum deposit required is less than 1,000. To apply for options trading approval, investors fill out a short questionnaire within their brokerage account. Access to begin trading options can be granted immediately thereafter.
Is options trading risky. Options trading is a form of leveraged investing. Any time an investor is using leverage to trade, they are taking on additional risk. Many times, this risk is unforeseen. With options, investors who buy a call or put risk the money they invested in the contract. However, when selling a call or put, if the trade isn t protected also known as going nakedthen the investor is taking on significant risk.
To protect investors, new investors are limited to basic, cash-secured options strategies only. Options Trading Features. Ultimately, choosing an options brokers comes down to personal preference and weighing priorities, such as cost versus ease of use and tool selection. On a feature by feature basis, all of our top five finishers this year offer the following features to their options trading customers. Feature Definition Has Education - Options Provides a minimum of 10 educational pieces articles, videos, archived webinars, or similar with the primary subject being options.
All content must be easily found within the website s Learning Center. Platform tutorials, FAQs, etc do NOT count. Option Chains - Streaming Real-time Option chains with streaming real-time data. Option Chains - Greeks Viewable When viewing an option chain, the total number of greeks that are available to be viewed as optional columns. Greeks delta, gamma, theta, vega, rho. Option Chains - Quick Analysis The ability to jump straight from the option chain to a P L chart or probability chart for deeper analysis.
Viewing a summary P L within the chain itself also qualifies. Option Analysis - P L Charts When analyzing a theoretical option trade, a P L chart is available. Option Analysis - Probability Analysis A basic probability calculator. Option Analysis - Probability Analysis Adv A tool to analyze a hypothetical option position. Displays a probability histogram chart with optional customizations.
Option Positions - Greeks Viewable View at least two different greeks for a currently open option position. Option Positions - Greeks Viewable Streaming View at least two different greeks for a currently open option position and have their values stream with real-time data. Option Positions - Advanced Analysis Ability to analyze an active option position and change at least two of the three following conditions - date, stock price, volatility - and assess what happens to the value of the position.
Option Positions - Rolling Ability to pre-populate a trade ticket and seamlessly roll an option position to the next relative expiration. Option Positions - Strategy Grouping Ability to group current option positions by the underlying strategy covered call, vertical, etc. Can be done manually by user or automatically by the platform. Level 2 Quotes - Options Level II options quotes available. Screener - Options Offers a options screener. Commonly referred to as a spread creation tool or similar.
Explore our other online trading guides. For the StockBrokers. com tenth annual best online brokers review published in January 2020, a total of 3,540 data points were collected over six months and used to score brokers. This makes StockBrokers. com home to the largest independent database on the web covering the online broker industry. Participation is required to be included.
Each broker completed an in-depth data profile and provided executive time live in person or over the web for an annual update meeting. Our rigorous data validation process yields an error rate of less than. 001 each year, providing site visitors quality data they can trust. Still aren t sure which online broker to choose. Email us a question. Whether you are a beginner investor learning the ropes or a professional trader, we are here to help.
Email us your online broker specific question and we will respond within one business day. About the author Blain Reinkensmeyer As Head of Research at StockBrokers. com, Blain Reinkensmeyer has 18 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in the Wall Street Journal, The New York Times, Forbes, and the Chicago Tribune, among others.
All pricing data was obtained from a published web site as of 01 20 2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at 30 per share. For options orders, an options regulatory fee per contract may apply. and StockBrokers. com are separate, unaffiliated companies and are not responsible for each other s services and products. Advertiser Disclosure StockBrokers. While StockBrokers. com has all data verified by industry participants, it can vary from time to time.
Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers. Each online broker requires a different minimum deposit to trade options. Best UK Share Dealing Accounts for 2020. Our team spent over 100 hours assessing different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed to find the best online broker. If so, you will need an online share dealing account.
Choosing the right share dealing account is a iq option q es decision for any UK investor. Each UK broker charges different fees while offering various trading tools, investments, and research. We assessed the top twelve brokers currently available to invest online with to help UK traders find the right match for their needs. While the markets are anything but certain, you can feel confident UK. com has your back in 2020 to help you choose the best broker. Our team has collectively placed over 1,000 trades, while the StockBrokers.
com brand has over a decade of experience in testing and reviewing online brokers globally. Best Share Dealing Accounts. Here are the top share dealing accounts for buying shares online in the UK. IG - Best Overall Interactive Brokers - Best for Professionals, Best Research Saxo Markets - Best Trading Platform Hargreaves Lansdown - Best Offering of Investments DEGIRO - Best for Low Costs.
In addition to our top share dealing brokers, we tested and reviewed seven additional brokers. Want to buy shares of stocks like BP BPUnilever ULVRTesla TSLAor Amazon AMZN. FinecoBank - 4. 0 Stars Interactive Investor - 4. 0 Stars Barclays - 4. 0 Stars AJ Bell Youinvest - 4. 0 Stars Lloyds Bank - 4. 0 Stars eToro - 3. 5 Stars Halifax - 3. Overall Open Account.
Depending on trading frequency, IG can quickly become one of the cheapest share dealing options available, offering trades that range between 3 - 8 for UK markets, and 0 - 10 for U. Our testing found that IG excels with its trading platform, which includes excellent charting, screening, and technical analysis features. This outstanding all-round experience makes IG our top overall broker in 2020. Platform Mobile App. Why Choose IG. IG s web platform and mobile app are easy to use and offer an array of unique content.
IG s new share dealing platform is quite an upgrade, providing clients with html5 charts, more technical indicators, drawing tools, and much-improved user experience. Competitive Commissions. The commission per trade shares ETFs is 8 if 0-2 trades are placed in the previous month. If three or more trades are made, the rate is only 3 per trade. IG offers free trades on U. shares and ETFs for traders that placed three or more trades in the previous month, making it an attractive option for traders seeking to deal U.
The one downside to IG s commissions is the quarterly 24 fee, which is reduced by any commissions paid throughout the quarter. Broad range of tradeable assets. IG equips investors with access to over 9,000 shares and ETFs across 19 international exchanges. In addition to traditional share dealing accounts, SIPP and ISA accounts are also offered. Feature IG Stock Trades UK Shares 3 to 8 Stock Trades US Shares 0 to 10 Mobile App Yes Demo Account Yes ISA SIPP Accounts Yes. Professional traders are brilliantly serviced with the trading tools, range of investments, and capabilities of Interactive Brokers.
Meanwhile, less-experienced traders can still take advantage of the low commissions and excellent research through the web-based Client Portal platform. Why Choose Interactive Brokers. Excellent for professional traders. Trader Workstation TWSwhile not beginner-friendly, offers more trading tools and capabilities than any other broker. Day traders will appreciate the global access in over 135 market centers.
If you trade enough to avoid inactivity fees, Interactive Brokers quickly becomes one of the cheapest options available. All funds at Interactive Brokers are commission-free or start at just EUR 4. 95 or equivalent with no custody fees. Top of the line research. Interactive Brokers provides users with research reports and analyst ratings on stocks and Lipper Leader Ratings for more popular funds. Interactive Brokers is also the only broker to offer ESG ratings for stocks and funds.
Feature Interactive Brokers Stock Trades UK Shares trade value x. 0005 Stock Trades US Shares trade value x. 0005 Mobile App Yes Demo Account Yes ISA SIPP Accounts No. Saxo Markets. Saxo Markets offers UK residents an excellent share dealing experience by combining the brilliant SaxoTraderGO web platform with over 30,000 international products to trade across 36 global exchanges. The one downside of Saxo Markets is the pricing, which is substantially higher than most UK competitors.
Why Choose Saxo Markets. Outstanding web platform SaxoTraderGO. This year, our favorite web platform, SaxoTraderGO, combines the best of both worlds ease of use with excellent trading tools. The SaxoTraderGO Mobile app encompasses this ease of use by synchronizing watchlists and price alerts from the web platform.
Broker forecasts, technical analysis insights, and news updates are available for hundreds of stocks. Research, including in-house analyst commentary. Saxo Markets is one of the only brokers offering in-house commentary, providing quarterly market outlooks and daily news pieces. Wide range of tradeable assets. The Saxo Markets share dealing offering enables trading of over 19,000 stocks alongside 3,000 ETFs across 36 global exchanges.
CFD trading is also offered for over 9,000 products, including indices, stocks, and commodities. Saxo Markets also offers tax-advantaged ISA SIPP accounts. Feature Saxo Markets Stock Trades UK Shares 0. 10 per trade 8 min Stock Trades US Shares 10 Mobile App Yes Demo Account Yes ISA SIPP Accounts Yes. Hargreaves Lansdown. Hargreaves Lansdown provides a thorough selection of investment options, high-quality research some of which is in-housealongside an easy to use mobile app.
Why Choose Hargreaves Lansdown. Broad offering of investments. As far as investment options go, Hargreaves Lansdown is a market-leader offering shares, funds, bonds, investment trusts, ISA SIPP accounts, advisor services, pre-made portfolios, and in-house funds. Stock fund research. Hargreaves Lansdown lends commentary on dozens of stocks, summarizing a stock s quarterly earnings report, responding to a big news piece, or offering sentiment on the future of the equity.
For funds, Hargreaves has The Wealth Shortlist, highlighting the top funds amongst leading investment sectors. Feature Hargreaves Lansdown Stock Trades UK Shares 5. 95 Stock Trades US Shares 5. 95 Mobile App Yes Demo Account Yes ISA SIPP Accounts Yes. DEGIRO offers cheap stock trading on a modest trading platform, charging only 1. 014 per trade, with a maximum charge of 5. Conversely, pricing is expensive, and charting tools and educational resources, are just average. Fees aside, DEGIRO does not offer ISA or SIPP accounts and lags competitors in fundamental research and education.
Fees for trading funds are more costly. Why Choose DEGIRO. Cheap stock trades. The fee for trading individual shares in the UK is 1. For US markets, the cost is 0. 004 per share but with no maximum. DEGIRO is the cheapest broker for stock traders, however, cheaper options are available for funds traders such as FinecoBank or Lloyds Bank.
Feature DEGIRO Stock Trades UK Shares 1. 004 per share no max Mobile App Yes Demo Account No ISA SIPP Accounts No. 014 max 5 Stock Trades US Shares 0. FinecoBank is a great share dealing option for price-conscious traders who don t require an advanced trading platform, educational materials, or research reports. Fineco charges only 2. 95 for UK shares and ETFs, 3. 95 for US stocks and ETFs, and 3. 95 for European stocks and ETFs. Feature FinecoBank Stock Trades UK Shares 2.
95 Stock Trades US Shares 3. 95 Mobile App Yes Demo Account No ISA SIPP Accounts No. Interactive Investor. Interactive Investor is a good choice for investors who desire research reports and in-house recommendations for funds. Costs struggle to remain competitive for fund traders and active share dealers. Feature Interactive Investor Stock Trades UK Shares 3. 99 Stock Trades US Shares 3.
99 Mobile App Yes Demo Account Yes ISA SIPP Accounts Yes. Barclays Smart Investor offers average share dealing commissions 6 per trade alongside a good selection of research tools and education. However, there is no dedicated mobile app for share dealing, and the trading tools offered are just average. Feature Barclays Stock Trades UK Shares 6 Stock Trades US Shares N A Mobile App No Demo Account No ISA SIPP Accounts Yes.
AJ Bell Youinvest. AJ Bell Youinvest offers a mediocre trading platform and decent research tools, including in-house articles and videos. Ultimately, AJ Bell struggles to deliver value in the UK market against brokers that offer a better platform at a lower price point. Feature AJ Bell Youinvest Stock Trades UK Shares 9. 95 Stock Trades US Shares 9.
95 Mobile App Yes Demo Account No ISA SIPP Accounts Yes. Lloyds Bank. Lloyds Bank can deliver value to the passive fund trader, who places a few fund trades each year and requires little research. Outside of this customer mold, Lloyds quickly becomes expensive stock trades cost 8 - 11 and can t provide the same trading tools or research as top UK brokers. Feature Lloyds Bank Stock Trades UK Shares 8 - 11 Stock Trades US Shares 8 - 11 Mobile App No Demo Account No ISA SIPP Accounts Yes.
eToro is great for traders seeking zero-commission stock and ETF trades, an efficient platform, and access to copy trading. That said, there are hidden fees, education is sub-par, and eToro doesn iq option q es offer the same range of investments as traditional brokers. Feature eToro Stock Trades UK Shares 0 Other Fees Apply Stock Trades Iq option q es Shares 0 Other Fees Apply Mobile App Yes Demo Account Yes ISA SIPP Accounts No.
Halifax offers competitive pricing for passive fund traders but quickly becomes expensive for those who trade stocks at least once a month. Halifax provides no dedicated mobile application and, overall, is average compared to industry leaders. 50 Stock Trades US Shares 12. 50 Mobile App No Demo Account No Iq option q es SIPP Accounts Yes.
Final Rankings. Feature Halifax Stock Trades UK Shares 12. Scored on 419 data points, here s our final rankings for 2020, sorted by Overall rank. Best Share Dealing Accounts Summary. Here s a summary of the best online brokers for share dealing. How do you choose a share dealing broker. When selecting a stockbroker, it s essential to consider commissions and fees, research, the trading platform, investment offerings, and mobile trading capabilities.
Compare Share Dealing Brokers. What is a share. A share is a small portion of a company. When you purchase a share, you are investing in that company. Corporations sell shares to investors to raise money to advance their business. When you buy a share, you want the share price to rise so that you make a profit when you sell it. What stockbroker offers the lowest fees. DEGIRO is cheaper for traders who only make a few stock trades, while FinecoBank is less expensive for funds trading while still offering cheap stock trades.
The cheapest share dealing account for you will depend on whether you are a frequent trader or casual investor, and whether you have a small or large portfolio. Which stock trading site is best for beginners. Hargreaves Lansdown is a good choice for beginners, offering an easy to use platform and mobile app, a fair amount of educational content, and a lot of in-house research for stocks and funds.
Keep in mind Hargreaves Lansdown is one of the most expensive share dealing options. What is the best UK trading app. Saxo Markets, Interactive Brokers, and IG both have excellent share-dealing mobile apps that are loaded with trading tools. Meanwhile, Hargreaves Lansdown offers a comprehensive, easy to use mobile app that is great for every day share investors.
Compare brokers. What share dealer offers the best trading platform. Saxo Markets, Interactive Brokers, and IG offer the three best trading platforms for share dealing. SaxoTraderGo is feature-rich and appeals to both casual and active international traders. Interactive Brokers offers the most comprehensive platform for professionals.
IG s trading platform, like SaxoTraderGo, excels at charting. What is an ISA. Currently, for the 2019 20 tax year, an individual can save up to a maximum of 20,000, which can be held in a stocks and shares ISA, a cash ISA, a Junior ISA, an innovative finance ISA, a Lifetime ISA, or in a Mix and Match combination of these. What is a Junior ISA. A Junior ISA is similar to the above ISAs but carries a limit of 4,368 for 2019 2020.
The annual allowance can be split between cash or stocks shares or a combination of the two. A Junior ISA is opened in a child s name but is managed by an adult, although the child can take control of the account at age 16. The child can only withdraw funds at age 18, but 16-18-year-olds can open an adult cash ISA for 20,000 together with a Junior ISA the same year, thereby saving up to 24,368 a year tax-free. What is a SIPP. A Self-Invested Personal Pension SIPP is a tax-efficient means of saving funds for retirement in the UK.
SIPPs are government approved and empower individuals to make their own investment decisions. Unlike more traditional pension models, however, where the choice of investment is often restricted to a limited number of funds mostly run by fund managers of finance companiesa SIPP offers more scope for broader investment because it provides personal choice.
What is a Junior SIPP. A Junior SIPP is similar to the above, but the investment is made on behalf of a child. It is possible to save invest up to 3,600 gross for each child in each tax year, for which the government will pay 20 in tax relief up to a maximum of 720. This means the contract contribution would be only 2,880 in this case.
Investments in a Junior SIPP cannot be accessed until the child is 55 years old. What are Funds Unit Trusts and OEICs. In the UK, Funds are also commonly referred to as Unit Trusts or even Open-Ended Investment Companies OEICs. A Unit Trust is a collection of funds, each of which comprises investments made by investors to participate in the ownership of various investment types.
These would include shares or stocksgovernment or corporate bonds, commodities, and different other money market instruments. Different investment companies or money managers then trade or invest the funds in the Unit Trust pool, intending to achieve maximum capital appreciation and income. A primary attraction of Unit Trusts is that they allow smaller investors to have a diversified, professionally managed portfolio.
An Open-Ended Investment Company OEIC is like a Unit Trust, but the fund is operated as a company and creates and cancels shares rather than units. What is an Investment Trust. Investment Trusts are like Funds or Unit Trusts in that they are pooled or collective investment vehicles. However, whereas Unit Trusts are open-ended, and new units are created as the fund grows with new investors, Investment Trusts differ in that there are a fixed number of shares in issue.
Investment Trusts are quoted on the stock market as companies; for an investor to buy shares, another investor must sell. Furthermore, Investment Trusts do not have to pay out all income as dividends but can choose to reinvest a portion. Investment Trusts can leverage or gear by borrowing to increase returns; a Unit Trust cannot do this. What is an ETF Exchange-Trade Fund. An Exchange-Traded Fund ETF is an investment vehicle that usually tracks or follows an index or average.
This could be a stock index, a commodity index, a bond index, or any other financial market index. An ETF is traded like a normal stock or share unlike a Fund and generally has high liquidity, intraday volatility, and generally lower fees than a Fund or Unit Trust. The price of an ETF goes up and down with the level of the underlying assets, but is also subject to demand and supply for the ETF.
Owners of ETFs do not own the underlying assets, although ETF holders do have rights on profits or dividends paid. For the 2020 UK. com Review we assessed, rated, and ranked twelve UK share dealers. Each broker was graded on 46 different variables and, in total, over 14,000 words of research were produced. 001 each year, providing site visitors with quality data they can trust.
Learn more about how we test and our team. About the author Steve Miley With 25 years of experience in institutional financial markets, Steve has won multiple Technical Analyst Magazine awards, including Best Independent Fixed Income and Best FX Research. Alongside StockBrokers. com, Steve is the founder of The Market Chartist where he provides market research for institutional clients.
Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in The New York Times, Forbes, and the Chicago Tribune, among others. All pricing data was obtained from a published web site as of 01 15 2020 and is believed to be accurate, but is not guaranteed. com staff is constantly working with its online broker representatives to obtain the latest pricing data. com has data verified by industry participants, it can vary from time to time.
Our receipt of such compensation shall not be construed as an endorsement or recommendation by UK. An Individual Savings Account is a means of tax-free saving and investing. Bitcoin trading can be extremely profitable for professionals or beginners. The market is new, highly fragmented with huge spreads. Arbitrage and margin trading are widely available.