Introduction
Options trading is a popular form of trading in the USA. It allows investors to trade in a variety of instruments such as stocks, ETFs, and commodities. However, not all brokers offer options trading services. In this article, we will discuss the top options trading brokers in the USA in 2023.
The Criteria
To determine the best options trading brokers in the USA, we considered several factors, including commission fees, trading platform, research tools, customer service, and educational resources. We also looked at the types of options contracts available and the minimum deposit required to open an account.
The Top Options Trading Brokers in USA in 2023
1. TD Ameritrade
TD Ameritrade is a well-known name in the online brokerage industry. It offers options trading services with no minimum deposit required. The commission fee for options trading is $0.65 per contract. TD Ameritrade also offers a robust trading platform, thinkorswim, which provides real-time data, advanced charting tools, and customizable trading options. The broker also offers educational resources, including webinars, articles, and videos.
2. E*TRADE
E*TRADE is another popular online brokerage firm that offers options trading services. The commission fee for options trading is $0.65 per contract. E*TRADE offers a user-friendly trading platform with advanced charting tools and real-time data. The broker also provides research tools, including market news, analysis, and commentary. E*TRADE requires a minimum deposit of $500 to open an account.
3. Charles Schwab
Charles Schwab is a full-service brokerage firm that offers options trading services. The commission fee for options trading is $0.65 per contract. The broker provides a trading platform, StreetSmart Edge, which offers advanced trading tools, including customizable charts, real-time data, and options trading screeners. Charles Schwab also provides research tools, including market news, analysis, and commentary. The broker requires a minimum deposit of $1,000 to open an account.
4. Fidelity
Fidelity is a well-known name in the investment industry. The broker offers options trading services with a commission fee of $0.65 per contract. Fidelity provides a trading platform, Active Trader Pro, which offers advanced trading tools, including customizable charts, real-time data, and options trading screeners. The broker also provides research tools, including market news, analysis, and commentary. Fidelity requires a minimum deposit of $2,500 to open an account.
Conclusion
In conclusion, options trading is a popular form of trading in the USA. To trade options, investors need to choose a reliable and reputable broker. The four brokers mentioned in this article, TD Ameritrade, E*TRADE, Charles Schwab, and Fidelity, offer options trading services with competitive commission fees, robust trading platforms, research tools, and educational resources. Investors can choose the broker that best suits their needs and trading style.
