What Account Types and Fees Does Options AI Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Brokerage Account (Margin) |
Experienced Traders |
Allows trading with borrowed funds, supports multi-leg options. |
Must adhere to day trading rules. |
| Brokerage Account (Cash) |
Beginner Traders |
Simple trading with owned funds, no day trade restrictions. |
Does not support option spreads. |
| Subscription Account |
New Traders |
Access to paper trading and educational tools without a brokerage account. |
10-day free trial, then $19/month. |
Account Opening Process
Opening an account with Options AI is a straightforward process. First, visit the Options AI website and navigate to the sign-up page. Next, choose an account type that suits your trading needs, such as a Margin or Cash brokerage account, or a Subscription account for paper trading. You will then enter your email address and provide the required personal information, including your full name, date of birth, and residential address. After agreeing to the terms and conditions, complete any additional verification steps, including identity verification and providing financial information. Once your account is funded and verified, you can start trading stocks and options on the Options AI platform. It’s worth noting that you have the flexibility to upgrade to a professional account later if needed.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$5 per trade |
Flat commission for all trades. |
| CFDs (Stocks, Indices, Commodities) |
Varies |
$5 per trade |
Flat commission structure. |
| Cryptocurrencies (BTC, ETH) |
Varies |
$5 per trade |
Flat commission for trades. |
Other Fees
Options AI has a transparent fee structure that includes various costs. Traders should be aware of potential deposit and withdrawal fees, which may vary based on the payment method chosen. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, while there are no platform usage fees, traders should consider possible overnight interest (swap rates) on leveraged positions. Lastly, currency conversion fees may apply when trading in different currencies.
