Comments on: Option Friendly Brokers

By: Jim

Jim — Tue, 24 Jan 2012 12:02:22 +0000

Has anyone had experience with ChoiceTrade.com??? If so I will appreciate all feed back.
Thanks and God Bless,

Jim

By: Sam Newman

Sam Newman — Thu, 19 Jan 2012 06:42:38 +0000

Why would anybody pay $8.95, 12.50 or any other fixed base amount plus .75 to 1.25 per option trade? Eliminate the base charge, pay only the per option fee saving thousands annually if you are an active trader.
A depreciated option buy-back at .01 and any assignments are commission-free. Shop around, it will create a new and important profit center for your account!!

By: Jim

Jim — Mon, 09 Jan 2012 14:43:08 +0000

I have been trading with Trade King but now looking for another broker, considering Option Express. They charge a little more but there platform has more to offer and easier
to use. Trade King seems to over run my stops by excessive amounts. I also have a disputed trade pending, meaning during the investigation my account is inactive online.

By: Peter

Peter — Sat, 24 Dec 2011 19:30:04 +0000

FIDELITY has been running ads lately, Dec. 2011, to get Option business – but
FIDELITY refused to allow covered Call writing on a stock account, not small, 2 times.
Fidelity Clerk says that Fidelity is very conservative with options.
The truth is that Fidelity is very ignorant about options.
Avoid Fidelity like the plague.
Even Fidelity Mutual Funds have very high management fees in general.

By: Mark

Mark — Mon, 12 Dec 2011 19:17:30 +0000

Kim says “IB is charging 70 cents per contract. I have a difficult time to understand why someone would pay $9.95 PLUS 75 cents per contract or 1.25 per contract. If you trade decent volumes, it is a huge difference.”

If you trade 10 Iron Condors IB charges 70c per contract if you smart route it and IF the exchange that executes it has no fees….BIG IF…even so at $28 for 10 Iron Condors and from experience more like $40-$45, then I can name at least 3 brokers that are far more cost effective….also goes to the previous hype of IB being $0.75c per contract and “much lower if you trade large number of contracts”…much lower (if it exists) starts at 10,000 contracts a month, and you get to deal with their customer support

By: Jerry Jones

Jerry Jones — Sun, 27 Nov 2011 03:40:14 +0000

Tradeking is a very good broker for options. There commissions are very cheap. They have a excellent education center with on demand videos on all option strategies.

By: Monty Stricker

Monty Stricker — Wed, 16 Nov 2011 02:38:51 +0000

Help me; Out of OKC. Ok. Looking for a good option Broker. Monty

By: Gerhard Neumann

Gerhard Neumann — Fri, 23 Sep 2011 20:23:30 +0000

Are there any “Option Friendly Brokers” in Canada?
Brokers were I could open an Autotrading account?
My Broker charges for 10 contracts,are always $22.49
this comes to $89.96 when I trade a 4 legged contract.

By: Kurt

Kurt — Sat, 20 Aug 2011 19:54:11 +0000

I have been with thinkorswim since 2008 and have liked their service very much. Their platform has every whitsle and bell known to man but it has a learning curve.You can get help readily from their technical desk by phone or email. In general, their customer service is top notch.

They will start you out at options commissions of $2.95 per trade, but as an Options Genius subscriber and got $1.50 trades immediately. The lower fees make a big difference when you are doing ultra conservative trades when selling small premiums like 20 cents or so. Don’t forget to ask them to do the same for your virtual accounts. You will probably want the commissions there to mimick your real account.

By: belinda

belinda — Wed, 17 Aug 2011 18:33:02 +0000

can anybody give us any option rather than TOS brokerage here in Canada!!! they are all in US and not able to open an account.
thanks