Options discount brokers

Option brokers specialize in option trading. The best firms will provide robust tools, advanced analysis, and support complex option trading. Many of the companies below allow you to open an account without an minimum options. Without maintence fees or a cancellation fees you can open a test account try out a few platforms before you settle in to discount final decision.

Optionshouse is currently the low cost leader among discount online brokers. In addition to having the lowest brokers per trade online they also have one of the best deals for new customers:. But how does Optionshouse stack up against other brokers? This review will explore the pros, cons, and provide a summary and recommendation. Optionshouse has the best commission structure in the industry. Fast execution and plenty of servers for a fast interface.

Ability to replicate an order very quickly. One of the best margin rates anywhere. Options good customer service. They are backed by Peak6, a professional trading company. Their tools and resources are good but brokers the best. Summary If you are a bargain shopper OptionsHouse cannot be beat. If discount like trading both stocks and options these guys are a great choice. Brokers OptionsXpress was one of the first brokers to embrace options as an online discount broker.

Their development brought options trading online much faster. As a company they have always pushed the envelope on professional trading tools and brokers always provided them for free.

OptionsXpress was one of the first companies providing entry-level and advanced education for free to their customers. Their pricing strategy has driven down the cost of commissions and per contract fees industry wide. Overall they are an excellent company. Pros Has the best tools and resources for the active options trader. Very good execution on trades.

Considered the best options trading broker. No minimum account balance required to start trading. Charts for individual options are available.

Please visit the online discount broker review page to see the best brokers compared. Since they have offered one of the lowest commissions in the industry to win market discount. Their interface is straight forward and very good strategic option trading. Direct access and multiple platforms are available for active traders.

One of the standout features eOption provides is the ability to close multi-leg trade in a single click. They provide free IRA accounts with no maintenance fees and are overall very good with not charging unnecessary fees.

They provide after-hours trading which is a nice feature not provided by most brokers. Execution routes through Citibank and speed is relatively fast and accurate. Some investors are claiming if you call eOptions you can get the per contract fee down to 0.

One of the lowest cost brokers online. Offer a wide range of investment options including stock, bonds, options, and more. Supports international accounts Accounts can be created for people outside the USA One click execution of multiple leg orders. Company Based out of Illinois, Think or Swim is a broker specializing in option trading.

Their pricing structure caters to high volume traders and is intended to weed discount smaller investors not willing to purchase large quantities in a single trade. Their customer service is top notch and actually proactive if you are a big enough client. Overall ThinkorSwim is pushing the envelope on tools, software, and charting but may not be the best choice for newbie investors. No inactivity or IRA fees. Three free mutual fund trades per month. Top rated software and mobile applications.

One of the best educational services options including free paper trading accounts. Desktop application is rated one of the best tools for option trading. Charts provided are some of options best for technical analysis. Can be intimidating for newbie investors. Bond pricing is not favorable. FOREX Trading is not optimal here but have improved lately. Commission structure can be expensive for newbies and penny stock traders. Notes on ThinkorSwim Some investors have been able to price match a competitors commissions just by asking for them.

These investors have confirmed receiving TradeKing commission on their thinkorswim account. No prices, no discussion of such as Options First. Mail will not be published required. Discount Option Brokers — Reviews and Ratings. In addition to having the lowest cost per trade online they also have one of the best deals for new customers: Cons Their commissions are competitive but not the lowest brokers. If you enjoyed this article, please consider sharing it!

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Reviews Discount Broker Review TradeKing ThinkorSwim OptionsXpress eOption OptionsHouse Zecco High Interest Savings HSBC FNBO Direct. Disclaimer The information found on this website is provided and intended for informational and entertainment purposes only and does not constitute financial, legal, or other advice of any kind.

When making any financial decisions you should contact a professional. As required by FTC regulations, please note that we have a financial relationship with the companies mentioned on this site. We do not accept compensation in any form in exchange for positive reviews, and the reviews found on this options represent the opinions of the author.

Pages Home About Archives. Stay In Touch RSS Feed. More Thanks for dropping by! Feel free to join the discussion by leaving comments, and stay updated by subscribing to the RSS feed. Brokers Broker Review TradeKing ThinkorSwim OptionsXpress eOption OptionsHouse Zecco.

High Interest Savings HSBC FNBO Direct. The information found on this website is provided options intended for informational and entertainment purposes only and does not constitute financial, legal, or other advice of any kind.

Which trading platform or broker would you recommend for a new trader?