| 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 IB’s 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 |
