Best Options Brokers 2011

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For the 2011 broker review our focus on options trading was not limited to just commission rates. Platforms, options tools, research, and order entry all factored into the bigger picture of making a well rounded broker offering. Our top options broker picks for trading options online are featured below:

For our top three options brokers it is important to note that each stood out for a specific reason. Each of these three online brokers brought something unique to the table that made it stand out from its peers.

OptionsHouse - We found that Optionshouse separates itself by offering the most competitive commissions rates with two straightforward plans for options trades. The first is a "5 for $5" rate; trade up to 5 contracts for $5 with any further contracts costing just $1 each. The second plan is $8.50 base rate with each contract costing $.15. Whether trading 5 contracts or 50, OptionsHouse comes out ontop as far as having the cheapest options commissions. The broker is also backed by Peak 6 Investments which is one of the largest options trading firms in the US.

thinkorswim - When thinkorswim was acquired in 2009 by TD Ameritrade, the focus was not only the broker's book of active and profitable traders actively engaged in primarily options trading but also the thinkorswim platform. thinkorswim offers its options traders a vast array of tools and functionality. This includes risk analysis, probability analysis, and a heavy focus on back testing with simulated trades. Options traders can replay market action in a live streaming environment via thinkOnDemand and see if trades would have panned out thinkBack. Overall thinkorswim has a premier platform for trading options online.

trade MONSTER - for trade MONSTER the broker has a variety of different tools for options trading but what really stands out is how easy the broker makes it to place trades and conduct research. Visually the trade MONSTER platform is eye candy for investors. Every strategy is displayed via mini charts and education alongside probability calculations are very conveniently displayed for quick access. The platform even assists with risk management by allowing traders to turn on or off different risk preferences. For options traders who prefer visual and detailed guidance for placing trades, trade MONSTER will not disappoint.

Other options brokers that didn't make the cut as a best pick but are still worthy of quality options trading include OptionsXpress and MB Trading.