If you are looking for an options broker you need to find one of the top accredited brokers in the exchange of your choice. Searching for the top options for broker resources on the internet can be challenging if you do not understand the difference between accredited brokerages and those that simply provide a service.
Accredited brokerages are those that have been tested and passed the exchange requirements for a particular exchange. Make sure before you turn over your options trading to a brokerage that they have the accreditation for that exchange.
There are many discount option brokers but they are all not accredited. There are also various accreditations a brokerage can obtain.
Some brokerages offer execution only services and do not provide any type of trading advice on your options. If you understand your market and the exchange in which you trade this type of options broker can usually save you money in fees and service charges.
Full service options brokers are not only accredited but also provide advice. The costs of the full service brokerages are usually higher than those that simply provide a transaction service.
Compare pricing structures on options, trades and other costs that are associated with options trading. Commissions can greatly vary depending on the type of options broker and the services they provide.
Along with provide trading advice some options brokers offer software packages or trading platforms for your use for trading. Some options brokers charge a fee for you to use their platform while others include that as part of their overall services.
The platform you use should be reliable, easy to use and provide fast real time access for instant trades on the market. It will also include charts, reports and analysis to help you determine the right trading strategy.
For the best options broker comparisons, reviews and resources visit http://www.yourbrokerguide.com.
Hi my name is Andy, I hope to be able to contribute to this site through my posts and look forward to talking with you all. I am interested in a variety of things, such as investing, and stock market stuff, computers and internet, obviously, as well as sailing,water skiing, pretty much any types of water sports actually.
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