The Best Online Brokers For Stocks and Option Trading – Review and Ratings

13 comments

If you are thinking of investing in the rising stock market or just looking to start an IRA then you need an online broker. In today’s online world there are lots of good choices, but the key things to look for are still around cost, convenience and customer support. Luckily Barron’s, the leading investment magazine for everyday investor’s, has shortened this list in its annual survey of Best Online Brokers. The survey measures overall brokerage performance based on eight key aspects: trade experience, trading technology, usability, range of offerings, research amenities, portfolio analysis and reporting, customer service and education, and cost. So without further ado, here is the top pick from the survey:

(****) OptionsHouse was again awarded a “Best for Options Traders” ranking. The survey found the broker’s packed with tools for options traders, and it has added some for stock traders, too. It was awarded four stars for Trade Experience, Research Amenities, Portfolio Analysis; Report, and Customer Service; Education. The core of the Options- House platform is its risk viewer. President George Ruhana says, “We really want people to understand the risk associated with their positions.” He notes that a customer may have a position that is suitable on the basis of his margin but inappropriate for the size of his account. The potential effects of a change in the market on your positions, and your overall portfolio, are nicely laid out and understandable. Clients place approximately 100 trades per year.

Leave a Reply

13 Comments on "The Best Online Brokers For Stocks and Option Trading – Review and Ratings"

[…] many other investment types are available to you and trading costs are quite low with some of the newer equity brokers on the […]

[…] Most brokers offer similar services and have transaction fees ranging from $0 to $12. Finding the right one is a matter of visiting the sites to get a feel for the user interface (most sites have free demo’s). Pay attention to the fee structure and how it works with your trading style. If you are an infrequent trader, look for zero maintenance or inactivity fees. If you plan on actively trading (>10 trades a month), you will want frequent trader rates. See this article for a list of the best online brokers. […]

[…] investments for your 401k can leave you feeling like you are lost in the middle of a maze. Your 401k plan provider may offer a ton of investment options including stocks, stock funds, bond funds, and […]

[…] You may also be interested in these articles for tips on choosing a good personal high interest savings account and/or low cost stock and option brokerage options. […]

>A small correction: OptionsHouse 100 free trade has a 60 day limit. I recently joined OH and wrote a review about them. Love their commissions, hate the platform! But overall, the experience has been good.
Absolute true!!!
Faced that during the worktime.

Ferienhaus

>OptionsXpress has a lot going for it. You'll like its fast service, wide fund selection and low fund prices. It's very simple and easy to use.

Anonymous

>I know this sounds like spam but I had some capital losses this year and used a wonderful new application from netbasis.com to figure out my cost basis. They had information dating back to the 1920s. Cut major time from asking my slow ass cpa to do it. If anyone used something similar or needs to for their extensions please check it out…seriously. Great article too.

Navin

>Choosing an able broker is one of the most important decisions a trader has to make before trading begins. The primary factors influencing the choice of broker are the spreads offered by the broker, the execution time for trades, and the comfort level with the trading platform.

Anonymous

>Choosing the right broker can make all the difference. Really. From trade execution to margin rates, your broker can impact your bottom line.

MoneyCone

>A small correction: OptionsHouse 100 free trade has a 60 day limit. I recently joined OH and wrote a review about them. Love their commissions, hate the platform! But overall, the experience has been good.

Anonymous

>Have you seen Kiplinger's rankings For a $50,000 Account

1) OptionsXpress

2) Muriel Siebert

3) Wells Fargo

4) Schwab

5) Fidelity

6) Vanguard

6) Firstrade

7) TradeKing

8) Schwab

9) E*Trade

10) Scottrade

Hunter

>OptionsXpress has a lot going for it. You'll like its fast service, wide fund selection and low fund prices. It's very simple and easy to use.

Anonymous

>What about Fidelity? It offers a full range of services to online investors, from international trading to checking accounts. The firm is known for its large selection of investment products. Its easy-to-use website provides great… education, planning and analysis resources to help you make the best choices. Fidelity has a three-tier commission structure; those who make fewer than 36 trades a year and have less than $50,000 in assets pay $19.95 per trade, for example. There are no extra fees, and the minimum is $2,500 to open an account. Fidelity provides mobile applications, and you can check your accounts or make trades while on the go.

wpDiscuz

Previous post:

Next post: