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

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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.

{ 4 comments… read them below or add one }

Germany guy May 23

>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.

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Anonymous April 20

>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.

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Navin April 17

>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.

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Anonymous April 13

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

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