What Services/Companies Should You Use for Option Trades?

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Finding the best online stock broker is becoming more and more difficult every day. It seems like a new online broker is launched every month and cheap stock trading has become the way of the stock trading world. But with all of the new players in the game, it's the oldest and most respected online stock brokers that continue to offer the best deals.

Just 10 years ago, trading online was nearly impossible. As the years have progressed, trading stocks online has become easier for the consumer AND less expensive, which is a rare combination in business. Nowadays, you can find dozens of online stock brokers, each claiming to be the best at what they do.

But just how many of them can offer cheap trading, expert customer service, lightning fast execution and cutting edge technology? Let's take a look. Ally Invest fits right at the top of our list as it seems to do everything very well.

If you follow SmartMoney, Barron's and other graders of online stock brokers, you'll find Ally Invest formerly TradeKing winning awards almost every time they are handed out. Finally, Ally Invest is a leader in educating customers and you'll find hundreds of resources to help both amateur and professional investors. See our full review of Ally Invest. To open up an Ally Invest account, visit their official website at www. Scottrade currently offers fee-free IRA accounts and has fantastic customer service.

In my 5 years of trading with Scottrade, I have never encountered a single delay, problem or inconvenience. While many other brokers offer similar services for cheap stock trading, I've found one that has been nothing short of fantastic. I'm not about to risk having problems for a dollar here or dollar there. To open up a Scottrade account, visit their official website at www.

Fidelity isn't your normal online stock broker. Most mobile devices are compatible with Fidelity. With hundreds of webinars to educate investors, Fidelity is a great place to begin your investing career. To open up a Fidelity account, visit their official website at www. However, for the casual investor, it may be a better idea to go with one of the other brokers, to save money on fees. In addition, Capital One Investing now also offers managed portfolios.

One of the premier benefits of having an account with Capital One Investing is that it can be connected with your Capital One account , making transactions to and from the bank a snap.

There is no minimum required to open an account and they are offering a variety of bonuses based on the amount of your initial deposit. To open up a Capital One Investing account, visit their official website at www. ChoiceTrade isn't your everyday online stock broker and if you visit their website, you'll know that right away. However, the mail drawback to using ChoiceTrade is their platform. If you're looking for good technology, you will have to pay for it. ChoiceTrade does feature an in-depth investor community where you can ask thousands of fellow users your questions.

To open up a ChoiceTrade account, visit their official website at www. In , they were ranked 1 for long-term investing by Barron's and 1 overall broker by StockBrokers.

To open up a thinkorswim account, visit their official website at www. SogoTrade is one of the quieter online stock brokers and unless you've already signed up an account with them, this may be the first time you've heard of them. With their four unique trading platforms and an app available for Apple or Android devices , SogoTrade continues to implement game-changing technology. All of their platforms provide customers up-to-the-second data to help them make the well-informed trades.

To open up a SogoTrade account, visit their official website at www. Not into active, online trading? Try something a little less hands-on. See our list of the best Robo Advisors. He created PT Money back in to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT.

Listen to the new podcast, Masters of Money! Thanks for the info! I signed an account with sogotrade, after days of research I finally found a good broker for international clients! Banc De Binary is yet another financial organization providing cheap trading services, would be happy if you also add them in this list. It is a good choice for both the casual and experienced investors. I completely agree with your point that E trade is a good option for experienced investors but not for casual investors who would have to pay a lot of fees on some basic things.

Lopez well, it seems that it was only yesterday. A lot of great reviews sites also popped up as mushrooms after a good rain. Needless to mention bancdebinaries. The content of ptmoney. PT Money Do more with your money in half the time.

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