Who is the cheapest on line broker for trading options in US stock markets?

Answer 1

There are a lot of good brokerages depending on what you like and how you trade. Just remember, price is not everything, especially when you talk about "your" money!

Barron's has a great article on brokerages that they publish each year. (Latest one was in March 6, 2006 though the 2007 article “just” came out). Kiplinger does one too.

Here’s the link to the 2006 Barron’s article.
http://webreprints.djreprints.com/1550280182488.html

Here’s the link to the new Barron’s 2007 – Best online Brokers 3/5/07
http://online.barrons.com/public/article/SB117288684364425609-wsYkdd74F9ukYSQgQJifDpHYwsY_20070402.html?mod=mktw

Here’s the link to the Kiplinger’s July 2006 article which isn’t bad either.
http://www.kiplinger.com/magazine/archives/2006/07/brokers.html


For basic stuff, E*Trade, Ameritrade, and Scottrade are sufficient. For more complex trades, I'd recommend Optionsxpress, ThinkorSwim, or interactivebrokers.

Based on what you put in your question, I'd recommend one of the first three, but all are very good. Cheapest probably is scottrade (of the larger online firms). Yes there are cheaper like interactivebrokers, but you'll have to get used to their software based platform (which is doable). They're only about $1/contract on options!

Brokerages like Fidelity are horrible for anyone with any decent experience.

So, decide what's important to you as a trader and compare the brokers! You can use the article, or go to each website as they all seem to have comparison charts!

And if there are particular things that you want to mention as being most important to you (such as executions, cust svc, cheapest trade - which you mentioned, flexibility on allowing you to do certain types of trades, stop and stop limit orders, contingent orders, great graphing, what if scenarios, training, etc), I'll be glad to help discuss this with you too!

If you have any questions, let me know.

Hope that helps!

P.S. I just found a link to a review of reviews as well! Here it is:
http://www.consumersearch.com/www/internet/online-brokers/reviews.html

Answer 2

Cheap does not mean good. Your best betis to compare the various brokers and see what suits you. (and i'll beat harry p to the punch on this one) how about a little more info on this unknown Remata trading their web site has NO info what so ever.

Thinkorswim is one of several brokers I have issues with. I put in a buy order for an ETF but they claimed it was a penny stiock and refused to give it to me. Three weeks later they fessed up and said they were in error but by that time I switched to scottrade. Not nice think or swim.

Zecco has SERIOUS customer service issues. I would stay away from them.

Answer 3

Well, maybe not the cheapest, but maybe the best, in terms of useful features on their trading platform. Also they will match any legitimate commision schedule you may have. Check out www.thinkorswim.com. This is an on line broker that caters especially to options traders. I really like these guys.

Answer 4

cheapest line broker trading options stock markets

Answer 5

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Answer 6

I've heard people say Zecco is cheapest one, but I don't have any experience with it. So I am not sure.

These are some inexpensive ones:

Sharebuilder
TradeKing
Scottrade

Be careful from hidden fees, especially the cheap ones

Good Luck

Answer 7

so get a us address....lcome to usa get a post office box...and have your paper trades sent there? eventually you can have all trade confirmatins and statements sent toelectronically. but you will probably have to pay us taxes ...on capital gains

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