How to Add Options Trading to Your Account

There are over 50 online brokerages where you can open an account. OptionsHouse is a broker that offers the unique feature of using their platform before starting a paper trading account with them. The Bottom Line Transaction costs, minimum balance requirements, margin requirements, option trading specific features and tools are important points to consider before selecting an option brokerage account. Get a free interactive demo of our options tools and trading platforms Launch Demo. A tenants by the entireties account is similar to community property account, except that on the demise of one partner, the surviving partner retains the right to the whole account.

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. While most of the brokers on our list of best brokers for stock trading would be a good pick for options as well, this list highlights brokers that excel in areas that matter most to options traders.

Mutual Funds and Mutual Fund Investing - Fidelity Investments

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Again, if you don't mind the jitters and all that jazz, it may be worth your time to check out the LipoVida brand. Otherwise, Pure GCE gets my vote.

The Best Online Stock Trading Sites

Check the background of optionsXpress or one of its investment professionals on FINRA's BrokerCheck. Margin Account: A margin account is similar to a cash account when buying options in that the trader needs to have the entire option premium available in the account. Sell or short trades with a margin account have different rules than a cash account, however. Finding the best stock trading account depends largely on your investing needs. Best Online Brokers for Stock Trading Dayana Yochim. Broad selection of investment options, power.