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Lowest options fees: compare brokerage firms with cheapest options costs in the industry
Below we are listing stock brokers with the lowest options commissions.
All brokerage houses in the list are members of FINRA/SIPC.
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1. first up to 5 contracts for $5.
2. $8.50 + 0.15/contract rate (great if you are trading over 10 contracts).
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OptionsHouse is the cheapest brokerage to trade options. They have two plans for options traders:
1. first up to 5 contracts for $5. Each additional is $1 per contract.
2. $8.50 + 0.15/contract rate (great if you are trading over 10 contracts).
OptionsHouse has no account balance minimums, no minimum number of trades and no volume requirements
to get these options commissions.
Barron's magazine rated OptionsHouse "#1 for Options Traders" in 2009 online stock broker survey.
Read full OptionsHouse review.
OptionsHouse
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$0.50 per contract, with a minimum commission of $12.50 for single leg orders and $7.50 per leg for multi-leg orders.
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tradeMONSTER offers excellent trading tools and great price for trading options.
Barron’s magazine rated tradeMONSTER as a 4.5 star (out of 5) brokerage
on their trading platform, usability, research and educational resources, portfolio analysis and reporting
tools.
One really cool feature offered by tradeMONSTER, is the ability to practice trading stocks or options with
fake money, using all of the tools available.
My favorite tradeMONSTER tool is Exit Plan. With it you can create exit strategies for your trades by focusing
on profit targets and by monitoring your stop loss and exit points. This is big!
tradeMONSTER is a great choice for people trading options, beginners or, since there are no fees,
for an IRA account. You need $2,000 minimum to open cash account. Read full
tradeMONSTER review.
tradeMONSTER™
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$4.50 plus $0.50 per contract.
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Zecco charges just $4.50 plus $0.50 per contract commission to trade options.
It also offers 10 free stock trades a month, if you got at least $25,000 or make at least 25 trades a month.
$4.50 stock trade commission if account balance is below $25,000 or make less than 25 trades a month.
Virtual trading feature provides safe environment to test and improve options trading skills and strategies.
Zecco.com is one of the few discount online brokerages that offers Forex trading.
No account minimum, no inactivity fees and free dividend reinvestment are great too.
Read full Zecco review.
Zecco
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$3 plus $0.70 per contract.
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SogoTrade options fee is $3 plus $0.70 per contract.
SogoTrade's trading platform is slow and limited. There are a lot of complains about very slow new account
set up and poor customer service. Read full SogoTrade review.
SogoTrade
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