Best Brokers With Lowest Options Fees, Cheapest Options Trading Commissions
2016 top rated online brokers with cheapest options commissions and best platforms for options trading. Both
low cost options brokers below are members of FINRA and SIPC.
$4.95 + $0.50 per contract
OptionsHouse offers great pricing plan for options trading with some of the lowest options commissions available in the industry.
Based on their pricing, trading 10 contracts costs $10, which makes it affordable for small time traders. This is a huge
advantage for those of us that don’t want our profits to be eaten up by commissions.
The company doesn't have account balance minimums, minimum number of trades
or volume requirements to get these low options commissions. Customers can open cash account with $0, margin account with $2,000.
Another huge plus is that OptionsHouse has one of the lowest margin rates we have seen at
2.25% - 6.75% depending on the amount being borrowed. That’s between 2 and 4 points below most other brokers.
As the name suggests, OptionsHouse's primary focus is on the options traders and it is one of the cheapest brokers to trade options in 2016.
After the merger with another top rated broker for options trading, TradeMonster, the firm now offers arguably the best suite of options
trading tools on the market.
Barron's magazine in its annual broker survey rated OptionsHouse #1 for Options Traders for six consecutive years. Barron’s
thinks "serious options traders will be very happy" at OptionsHouse. The firm got score of 5 (out of 5) in Mobile and Portfolio Analysis & Reports
categories as well as highest scores in Research Amenities, Usability, Customer Service & Education, and Trading Technology categories.
Read full OptionsHouse review.
OptionsHouse Promotion Offer
Trade Free For 60 Days when you Open a New OptionsHouse Account.
$9.99 + $0.70 per contract (1 to 9 trades/month)
$7.99 + $0.50 per contract (10 to 29 trades/month)
$6.99 + $0.40 per contract (30 to 99 trades/month)
$5.99 + $0.30 per contract (100 to 199 trades/month)
$4.99 + $0.20 per contract (200 or more)
TradeStation is offering tiered low cost options trading pricing structure. Customers who make a lot of trades get the lowest commissions, with the
best rates going to those making 200 or more trades per month: only $4.99 plus $0.20 per contract. Occasional options traders, making up to
9 trades per month, will have to pay very steep $9.99 + $0.70 per contract rate.
TradeStation's direct-access platform is one of the best we've seen! It offers all the bells and whistles users
expect from the professional trading software. Customers have an ability to trade equities, futures,
options, and forex from one place. Firm's technical analysis and back-testing platform has been recognized as the most popular
among traders for many years. The order entry and execution part of the software makes TradeStation a
superior product. All the tools are fully customizable. TradeStation is one of the very few online brokers offering automated trading.
Perhaps the most interesting aspect of TradeStation is the TradeStation Simulator, which allows members to test their trading plans and
ideas in real-life simulated scenario without actually risking anything. Users can create different custom trading strategies and do back testing
to improve those strategies before trading. They can follow multiple market trends and plan strategies accordingly. All of this is possible through
a comprehensive database, consisting of historical market data and analysis that the platform offers.
Unlike OptionsHouse, TradeStation is charging an inactivity fee of $100 per month if customer did not trade at least 50 options contracts
or 5,000 stock shares in that month. The fee is waived for accounts with $100,000+ balance.
In the Barron's magazine broker survey TradeStation got the highest rating in both Best for Frequent Traders and
Best for International Traders categories. It also got 4 stars out 5 in Best for Options Traders category.
Read full TradeStation review.
Get up to $500 - trade commission free for 90 days.
Updated on 2/10/2016.