Sophisticated investors — particularly options traders no surprise — get a lot of broker for very little money with OptionsHouse. OptionsHouse is best for: OptionsHouse scores big points for requiring no minimum balance to open an account.

Similarly, customers pay nothing extra for the platform or data. Options trading platform and tools: OptionsHouse started as a broker for experienced, self-directed investors who were active in options, and it still offers professional-grade tools and execution at a low price.

Online Futures Trading Platform I OptionsHouse

From the trade ticket, users can quickly make changes, walking through trade ideas where everything is customizable. The platform also has significant automation capabilities, including trigger alerts that allow users to pre-populate orders. The platform then pushes an alert to the user when an event is triggered.

Another standout tool is strategySEEK, which helps investors scan live market data for options strategies based on specific criteria.

Trading Options on the OptionsHouse Platform - OptionsHouse

The tool turns up a list of matches, allowing the user to quickly create an order, using the above features to analyze the trade within the ticket.

Paper trading virtual trading without putting real money on the line is a nice perk for new traders and new-to-the-platform investors. Having only five commission-free ETFs is disappointing, but not unusual in the realm of discount brokerages. Mutual fund investors will find those costs add up rather quickly. OptionsHouse offers some of the lowest commissions and fees, making it one of the most affordable choices in its competitive set.

Its advanced tools and fast trade executions, along with a full-service platform, make it well-suited for options traders.

Dayana Yochim is a staff writer at NerdWallet, a personal finance website. NerdWallet strives to keep its information accurate and up to date.

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Start here to maximize your rewards or minimize your interest rates. Get started on OptionsHouse's secure site.

Compare OptionsHouse with other brokers. How OptionsHouse stacks up OptionsHouse offers some of the lowest commissions and fees, making it one of the most affordable choices in its competitive set. No promotions available at this time. Open an OptionsHouse account. Best Online Brokers Best Online Brokers for Stock Trading Best Brokers for Beginners Best IRA Accounts Best Online Advisors Best Robo-Advisors Comparison of Online Advisors Wealthfront vs. Betterment Comparison Recent Broker Reviews TD Ameritrade OptionsHouse ETRADE TradeKing Recent Online Advisor Reviews Wealthfront Betterment Personal Capital.

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