December 10, 2008
Which is the best Option Trading Broker for online service? ?
$uVrAj asked:
I want to open an Option trading Account but I would like to know which is better just in trading Options? Please don’t recommend E-Trade, Scottrade, Ameritrade, or Charles Schwab?
I want to open an Option trading Account but I would like to know which is better just in trading Options? Please don’t recommend E-Trade, Scottrade, Ameritrade, or Charles Schwab?
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Comments on Which is the best Option Trading Broker for online service? ?
OptionsExpress has a good rep, but I can’t say from personal experience. I do very little in options, nothing complicated, and I use Interactive Brokers. I have heard OE does a good job with combination orders, spreads, etc… That is what I would want if I was more active with options, good info and good order mgmt tools.
Interactive Brokers is the one I have seen most long-time traders use. The have great commissions and a good trading platform if you already understand options well enough. If you need to talk to someone and get help on your trades, I suggest you look elsewhere.
“Think or Swim” has, at least according to message boards I have read, the best reputation for helping new traders.
OptionsXpress is generallly rated between the Interactive Brokers. Not quite as low prices as Interactive Brokers and not quite as helpful as Think or Swim, but relatively low commissions and relatively helpful if you have questions.
I have never used any of these brokerages, but I have spent a fair amount of time on options related message boards and seen the merits of different brokerages discussed many times.
Personally, I think sogotrade is best among all online brokerages. You can get a lot of free trades: about 100 free trades with 500 minimum deposits. It has very good customer services, it also has live help, and you can chat with representatives about any question. After that, only 3 dollar for each trade, pretty sweet when compared with other online brokerages.
referal code: 453934