Best Brokers With Lowest Options Fees, Cheapest Options Trading Commissions

2017 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.

Low Cost Options
Options Trading

$4.95 + $0.50 per contract
OptionsHouse Brokerage

OptionsHouse offers great pricing plan for options trading with some of the lowest options commissions available in the industry: $4.95 plus $0.50 per contract. 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 down, margin account with $2,000 deposit.

Another huge plus is that OptionsHouse has one of the lowest margin rates we have seen at 3.25% - 7.75% depending on the amount being borrowed. That’s between 1 and 3 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 2017. 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.

Anyone who is afraid to invest with OptionsHouse because they have never hears about the company has nothing to worry about: last year the firm got acquired by E*TRADE Securities.

Read full OptionsHouse review »

OptionsHouse Promotion Offer

Open and fund an OptionsHouse account to get up to $1,000 in free commissions for 60 days.

Open Optionshouse Account

Low Cost Options
Options Trading

$5 + $0.50 per contract
$4 + $0.30 per contract for IRA
TradeStation Brokerage

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.

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.

As with OptionsHouse, there is nothing to worry about when investing with TradeStation which is the U.S. subsidiary of one of the largest online financial services providers in Japan - Monex Group, Inc. More about the company in this Wikipedia article.

Read full TradeStation review »

TradeStation Promotion Offer

Get up to $1,500 in commissions rebates. TradeStation

Open Tradestation Account

Updated on 3/16/2017.

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