Best Options Trading Platforms

The company's proprietary tradeLAB tool enables its clients to view options strategies graphically, charting the the maximum gain, loss, and break even point of a particular trade. Its strategySEEK tool can be used to comb the market for trading opportunities, and find trades to make based on factors like return potential, safety, probability, and potential profit. Depending on your needs, OptionsHouse probably has a tool for you.


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OptionsHouse doesn't have a minimum deposit requirement to open a new account, so you don't need to worry about having to empty your savings account to get started. That said, some strategies that expose investors to elevated risk like shorting puts or calls will require a higher balance depending on the trade size. All brokers have risk-management parameters in place to reduce the risk that a trader creates a loss so large that it exceeds his or her account balance.

Realistically, there isn't any one broker that is best for all option traders, but there is a broker that is a best fit for any given investor.

Platforms & Tools

Some investors may like that OptionsHouse offers competitive commission prices, particularly for multi-leg options trades, as well as the fact that its trading and research tools are all designed with a focus on options trading first and foremost. That said, those who trade options less frequently than they invest in stocks or funds may not make full use of its functionality, or may prefer brokers that offer more commission-free ETFs, for example. To be clear, The Motley Fool does not endorse any particular brokerage, but we can help you find one that is a good fit for you.

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OptionsHouse Features and Benefits

Industries to Invest In. Once you have finished analyzing, you can quickly import the data into a fresh trade ticket, use the trade calculator to find the right position size, add optional notes, and then place the trade. Note: This intuitiveness with design and UI continues beyond researching and placing trades. All live positions are completely customizable.


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OptionsHouse automatically groups options into spreads for you, then allows you to completely regroup them and customize them to your liking using a simple drag-and-drop interface. First, you forecast the price at which you think the stock might end up down the road. Next, you drag and drop to set and order your priorities for the trade: Profit, Return, Probability, and Safety.

From here, you can create an order and place the trade, analyze the trade see above , or adjust the scanner and rerun. The OptionsHouse platform calculates EVERY possibility, millions of them, using a plethora of data, and displays results in milliseconds.

Power E*TRADE Platform

All in all, the arsenal of tools available to options traders is truly impressive. OptionsHouse has a clear understanding of what options traders want, and delivers it in stunning fashion. And, as far as equities trading goes, while the platform has a strong foundation of functionality, the overall trading experience could be better.

This is especially true for the charting interface, which needs an overhaul. That said, when it comes to browser-based platforms, options trading, and ease of use for new investors, OptionsHouse is king.

OptionHouse's commission prices

OptionsHouse offers its own Fundamental Report Cards for each company, which, until October , also included letter-relative ratings. While I applaud the OptionsHouse platform team for thinking outside the box, I found the data difficult to interpret and unimpressive. With such competitive commissions, OptionsHouse must cut somewhere, and research is where the broker shaves cost. Beyond the Fundamental Report Cards, not much else is offered. There are no third-party research reports, no way of conducting metric comparisons against other companies, no SEC filings, and you cannot even view a simple balance sheet.


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  • OptionsHouse fundamental research. The data is very limiting and the only real positive is being able to see a Morningstar star rating for both ETFs and mutual funds. OptionsHouse is not recommended for research-hungry investors. In late , OptionsHouse released a brand-new mobile experience, completely rebuilt from the ground up. Thankfully, speed is no longer a worry and the broker now has a fantastic foundation to build from.

    Looking at the features of the new experience, on the plus side, the app has the strong core functionality traders desire: real-time streaming quotes, excellent position management capabilities, and synced watch lists. The app also enables traders to place basic and complex options orders, view post-hours charts, and more. OptionsHouse mobile quote fan.

    OptionsHouse Review: Easy to Use Trading Options

    On the cons side, the app is still so new there are features missing that are still under development and awaiting release later in When looking at stock charts and trying to perform technical analysis, you cannot rotate the screen horizontally to view the chart cleanly. This is all to say there is no one best online stock broker, but each one has different strengths and weaknesses.

    Our mission is to spotlight those, and help you find the best one for your investing style. One thing every trader should care about is cost, so we spent a lot of time balancing price with what each site offered. A few of the fees we analyzed include:. No matter what the price, though, transparency is key. We wanted to see affordable pricing structures that were locked in for the long haul.

    Charges for data, research, and tools : All the best online stock trading sites have quality market data like real-time quotes, educational resources, and stock-screening tools built right into their platforms. But some, like Fidelity and TD Ameritrade, stand out for also providing top-shelf resources, totally free of charge. Some platforms do offer free education on sophisticated strategies like options and futures, but require an upgraded platform with an annual fee. Alongside cost, we also valued educational resources , reports and tools, and the usability of the platform itself.

    Our expert users took each broker for a test-drive and weighed in on standout features.

    Ally Invest leads the industry in low-cost commissions structure for all kinds of investors, from high-net-worth individuals to beginning buy-and-hold traders. Its learning center is filled with educational videos, articles, and webinars to guide your through the basics. From there, you can stay up to date on investing news, reports, and commentary from their team of market analysts. Branch appointments are free to book, and online chat tools and hour hotline are there to guide you from anywhere in the world.