Sipp trading options

[samTosam]

Hello Fellow traders,


Where can i trade Options through a Sipp?
Is there a comparison place for charges?
who should i avoid?

 

[NVP]

Hey there

I don’t think so ....if you are going SIPP route I’d recommend the top 3-4 outfits in uk ....any decent publication will rank them ....Hargreaves landsdown and also vanguard are highly regarded and big players

N

 

[samTosam]

Thanks for the reply NVP,

Did a bit of digging..seems you can.Like 'interactive brokers'.
But you need to have a Sipp Administrator.Just wondering anyone has done this?
experiences welcome.

 

[AfternoonT]

I was able to do this 2008-11. I used a SIPP Administrator and then used MF GLobal as brokers ( before they blew up in Dec 2011). I traded UK options ( which are focussed on FTSE 100 stocks).

 

[samTosam]

I was able to do this 2008-11. I used a SIPP Administrator and then used MF GLobal as brokers ( before they blew up in Dec 2011). I traded UK options ( which are focussed on FTSE 100 stocks).

Still trading options?

 

[mike8man]

Hello Fellow traders,


Where can i trade Options through a Sipp?
Is there a comparison place for charges?
who should i avoid?

Hi I've only just seen your post. I've been trading options in my SIPP for 20 years or so, no problems. It's daft really that options can be traded in a SIPP but not in an ISA! My SIPP manager is Corporate and Professional and under the umbrella of my SIPP I moved some of the cash into a C&P account with ADM, an options broker. This C&P account is then traded by me directly with ADM with online statements sent daily to C&P and to me. C&P then report as required to the SIPP authorities.
I hope that helps.

 

[NVP]

interesting....thanks for that ....n