Cheapest Options Broker


Cheapest options trading commissions: online brokerages with lowest options trades fees, cost in 2014


Review online brokers with the cheapest per contract options commissions pricing and best platforms for options traders. All discount brokerage companies in the list are members of FINRA/SIPC.



Cheapest Options Broker Options Commissions

4-star brokerage firm rating

Optionshouse Review
Plan 1: First up to 5 contracts for $5, each additional $1

Plan 2: $8.50 + $0.15 per contract rate (great if you are trading over 10 contracts)
OptionsHouse Brokerage

OptionsHouse offers two pricing plans for options trading with some of the lowest options commissions available in the industry. Based on their pricing, trading 5 contracts costs only $5. Trading 10 contracts costs $10. Trading 100 contracts is a steal at a total cost of only $23.50. Optionshouse has some of the lowest prices we’ve seen for options traders that trade large lots but are also affordable for small time traders. This is a huge advantage for those of us that don’t want profits 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.

Another huge plus is that they have one of the lowest margin rates we have seen at 1.50% - 4.00% depending on the amount being borrowed. That’s between 2 and 4 points below most other brokers and this low rate allows you to use leverage to amplify returns more successfully.

As the name suggests, the firm's primary focus is on the options traders and it is one of the cheapest brokerage firms to trade options. Barron's magazine rated OptionsHouse "#1 for Options Traders" in 2009-2014 online broker surveys. Barron’s thinks “serious options traders will be very happy” at OptionsHouse. Read full OptionsHouse review.


Open Cheapest Options Trading Account


Get 100 commission-free trades at OptionsHouse.


Cheapest Options Broker Options Commissions

4.5-star brokerage firm rating


$4.95 + $0.65 per contract
TradeKing Brokerage

If TradeKing has a specialty it is in the options trading business. From their simple and fair pricing to the many analytic tools available, an options trader can find all that they need on the site. The screening and pricing tools are too numerous to list in detail, but most impressive are the calculators for probability analysis as well as option profit and loss displays, which will show projected option value for a specific increase or decrease in the underlying stock price, or changes in volatility. All of this is perfect for option traders who know how to use these functions to minimize risk and maximize profit. If one is new to options, TradeKing also offers education on the site dealing with strategies and option combinations to give all the information needed to begin trading.

For the last 5 years TradeKing received 4 out of 5 stars in Barron's annual rankings of the Best Online Brokers based on Trade Technology, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service & Education, and Costs.

The company launched its new trading platform called TradeKing LIVE, which combines news, streaming charts, options chains, account data, and a flexible trade ticket. It offers the ability for traders to customize features on the main dashboard, an enhanced Options Workbench with strategy recognition, and real-time, intraday updates that display cost basis on all stock positions.

TradeKing is an excellent broker for options traders with very low and simple pricing structure. Clients can open cash account with $0 down, margin account with $2,000 down. Read full TradeKing review.


Open Lowest Cost Options Account


(Refer a friend and both receive $50)

This article was updated on 5/8/2014.




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