Best online brokerage for options traders
October 9th, 2009 Posted in Financial Opinion
Barron’s online broker survey rated OptionHouse the # 1 online brokerage firm for trading options a few months back and we just wanted to make a quick note of it on BankVibe.com. Barron’s survey was based on usability, trade experience, trading technology, range of offers, research amenities, portfolio analysis and report, customer service and access, and costs.
After we posted TradeKing’s $50 promotion, we figured we would give a shout out to another online brokerage offering an exceptional product.
The Dow has been making somewhat of a comeback over the last few weeks and we have seen many BankVibe readers opt to invest in the market over conservative bank certificates of deposit.
OptionHouse’s Prices:
- Only $2.95 per trade (flat rate for all stock trades!)
- $9.95 flat rate for options
- $14.95 flat rate spreads (up to four legs)
Plus OptionHouse will throw down $100 on transfer fees from your current brokerage. For example, if you are currently trading options through Scottrade and they impose a $75 fee for transferring your funds out of their account, OptionHouse will cover this expense (up to $100)!
