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How to find the right Options broker

Think: Costs & Software

It is my belief that most if not all options business should be done via an online trading platform. Therefore an options broker must offer some solid online software.

For the most part options are not simple tools. They are very complex and this in turn means they're not for market beginners. So if you're not comfortable with either dealing online or using computers then you'll be trading with a handicap.

The next question to ask is the cost of commissions.

I use www.interactivebrokers.co.uk and they charge (at the time of writing) £1.70 per option contract (£3.40 for the round turn commission).

Add low commissions to their excellent software and you have a broker that in my opinion is very hard to beat.

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