OptionsHouse
OptionsHouse is considered by many traders to be the best discount broker online. Their reduced prices on option trades or stocks are very hard to beat. Their low costs and fees are attractive to beginning and experienced traders alike.
Costs and Fees: Stock trades cost $4.95 for traders. The cost of option trades is $4.95 while an options contract is $0.50. Futures contract cost is not available. Margin rates are 2%-6.5% with no minimum balance required.
OptionsHouse is not a full-service broker and as a result they don't offer every service type of investment nor do they include other financial resources such as banking or education. This online brokerage caters to those who only want to invest in options and are looking for the cheapest prices.
OptionsHouse is a great online brokerage for options traders who tend to trade frequently and love a deal. OptionsHouse contact number: 877-653-500 Web address: www.optionshouse.com.