Using the Web Trader options trading platform? Platform Features Also consider their software and its features. Firstrade does that, too, letting you place orders from 4: BinaryRobot is an app capable of earning millions of dollars if used expertly by a professional trader. Both experience traders and those new to the market will feel at ease with this system. Past performance is not necessarily indicative of future results. We certainly are recommending that it is an auto trading program that is very worth taking a look at by anyone.
Award Emblem: Top 6 Best Options Trading Platforms. Read below on the methodology we used to select the best options brokers for Then read about the best options trading platform offered by each broker and how they might get you started as an options trader today.
Free Option Trading?
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Cons Higher trade commission. High short-term ETF trading fee. Robust research and tools. Cons No no-transaction-fee mutual funds. Cons Very basic trading platform Limited data and research. Cons Inactivity fees High minimum balance requirement Complex pricing Minimal educational resources. Two platforms with no minimum or fees. Cons Higher trade commissions. Cons High account minimum Trade minimum for active trading platform.
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Top research; two powerful trade platforms. Extensive lineup of investor education options. Good for active traders seeking low costs. These widgets include the following: Aside from its online options trading platform, IB, as a firm, has won several awards through the years.
For a complete listing of awards won by IB from through today, visit the awards page on its website. A sampling has been reproduced below: Lightspeed Trading is an online broker in business since To these investors, Lightspeed markets its array of proprietary options trading platforms and third-party trading software. Range of Options Trading Platforms: Lightspeed has a broad range of options trading platforms suited to your needs, comfort, and level of expertise.
The options trading platforms available to you include: The minimum amount required to open a Lightspeed options trading account depends on three variables: Using the Web Trader options trading platform? Commissions vary based on volume and are broken down as follows: Once qualified, the above amounts are applied to all shares traded, not just those shares above the monthly threshold. Additionally, Lightspeed applies the following base rates per order based on your preferred options trading platform: OptionsHouse is a financial services company founded in When you work with OptionsHouse, you save money from the start.
OptionsHouse has been recognized by leading industry publications for its innovation and customer service. The following represent a sample of the many awards that OptionsHouse has achieved: This could be an issue for certain investors who want a tool prepackaged with bells and whistles inside a complex interface. While this works well for some investors and top options brokers, OptionsHouse takes a different tack.
Instead, it favors a streamlined options trading platform that focuses on process. In this respect, OptionsHouse breaks the mold. Its options trading platform enables you to execute trades from start to finish within a proven process called tradeCYCLE.
You only need a desire to learn and a willingness to be taught. In this way, OptionsHouse proves itself to be one of the best brokers for options trading. The app is suited for Blackberrys and most other mobile phones. OptionsHouse is a best options trading platform due in no small part because of its generous educational and informational resources.
OptionsHouse has written several in-depth guides to guide you as you first get to know the software. Each step is broken down even further and explained in clear, practical terms that help you master the overall process.
In addition to the above tools, OptionsHouse holds regular webinars for continuing education. It also archives past webinars for your convenience. TradeKing is an online broker founded in It is part of TradeKing Group, Inc. TradeKing is headquartered in Ft. Some of these include: This is rivaled only by OptionsHouse in offering the lowest base rate for the cost-conscious options trader.
These overall cost-savings benefits make TradeKing a standout among our choices for best options broker. All-in-One Options Trading Platform: A few of the key features include: TradeKing hosts a page within its Education Center that specializes in options trading.
Free Money Management Software. TradeStation Group is located in Plantation, Florida. It is a subsidiary of Monex Group, Inc. The firm is considered a best broker for options trading due to its flexible pricing structure and OptionStation Pro trading platform.
TradeStation options trading platform has been recognized throughout the industry as one of the best for buying and selling options. Some of the awards and honors that the software has received include the following: Flexible, Tiered Pricing Structure: You may think options trading platforms of the kind offered by TradeStation are reserved for professional, high-volume traders.
It can do this through its tiered pricing structure. Depending upon the frequency and volume with which you trade, you can take advantage of either a per contract or per trade plan. You are required a one-contract minimum, however. Under this plan, you pay a base rate on each trade along with a per contract fee.
These rates and fees vary according to volume. The higher the volume, the lower the rate. Fewer trades result in higher costs. Even then, TradeStation remains very competitively priced. Once you move beyond that base rate, however, the comparison chart clearly proves that TradeStation is the most cost-effective choice against the bigger names in the business. This is true no matter the volume.
Some benefits you enjoy with OptionStation Pro include: Another reason TradeStation made our list of the best options brokers was for the variety of access points it affords its customers.
Not only can you access your account from the web, but you can download the TradeStation Mobile app to your iPhone, iPad, Android phone or Android tablet. TradeStation made sure to keep its apps as robust as possible, however. For instance, you can still view quotes, look over graphs and charts, view real-time streaming data, and execute trades.
Not only that, but you can easily track positions and keep a close eye on your watch lists, among other features.
Best options trading brokers: summary
The Best Options Trading Simulators in But, while many options brokers create these with their very own options trading software, many can be sub-optimal and downright inaccurate in terms of emulating genuine market conditions. The Best Free Paper and Virtual Options Trading in Its product-specific search tools like ETFView, SectorView, etc. rank among the best stock screening software. And it even offers free trading platforms – during the two-week trial period, that is. Who is the best options broker today? The answer depends on whom you ask and what they value. For some investors, the best broker for trading options is the one with the cheapest commissions. Others prioritize trading tools, platform design, research, customer service or all of the above.