Option Brokers -- Online Brokers for Options Trading
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This is the directory of the best companies and individuals providing online option trading services. To be listed, please submit the form.


1 Dreyfus Brokerage
2 InvesTrade
3 Web Street Securities
4 Sovereign Securities
5 Preferred Trade
6 TradeOptions
7 Active Investor
8 Brown & Co.
9 Mr. Stock
10 Wall Street Access
Option Brokers -- Online Brokers for Options Trading
Dreyfus Brokerage -- offering option spreads, $1.75 per contract (minimum $15)
InvesTrade -- $1.75 per contract ($14.95 minimum), touch-tone service, intra-day account updates
Web Street Securities -- fees: $14.95 + $1.75 per contract (broker-assissted $24.95 + $1.75 per contract), low stock commissions ($14.95), zero commissions on Nasdaq orders of 1000 shares or more, low penny stock commissions, no minimum to open an account, free checking, automatic portfolio updating with real time quotes for $29.95/month
Sovereign Securities -- $12 + $2 per contract ($14 minimum), no minimum to open an account, free real time quotes, free checking, free IRAs, immediate account updates, mutual funds
Preferred Trade -- $2-$3 per contract ($19.95 minimum), special Windows-based software, real time account access, order status, dynamic updating of portfolio information, and trade history, account minimum is $1000
TradeOptions -- $2.50-$3 per contract ($19.95 minimum), no foreign accounts for options trading
Active Investor -- $3-$4 per contract ($19.95 minimum), no foreign accounts for options trading
Brown & Co. -- one of the few accepting spread orders, limit orders: $15 + $1.75 per contract ($25 minimum), market orders: $15 + $1.50 per contract ($25 minimum) for up to 30 contracts, then $1.75 per contract,  $15,000. for opening an account, 5 years of market experience necessary, no foreign accounts
Mr. Stock -- one of the best for complicated spread orders (straddles, butterflies, etc), $19.95 + $1.75 per contract, foreign accounts welcome, free real time quotes, free checkwriting, charts, news, and company reports

Wall Street Access -- $26.50 ($25 + $1.50 fee) + $1.50-$2 per contract, complicated spread orders accepted, account minimum $10,000, free real time quotes

Interactive Brokers -- US $1.95 per contract. IB has direct links to the AMEX, PHLX, Pacific Exchange and CBOE. With IBís high-speed network, orders are executed in seconds.
Scottsdale (Scottrade) -- $20 + $1.60 per contract
Tessera Trading -- online trading for $25 and full service brokerage for $35 and up, also has a stock day trading room at three and a half cents per share
Commodity Resource -- a full service commodity, futures and options brokerage and trading firm

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