Yes, Interactive Brokers has one of the best American options trading platforms for all types of clients because of their market range and strategy builders.
Interactive Brokers Options Trading Review
Name: Interactive Brokers Options Trading
Description: When it comes to advanced options trading, Interactive Brokers outshines the competition with its unbeatable commissions, global market access, cutting-edge platforms, and tailored trading permissions. Make the smart choice and unlock your full trading potential with IBKR Advantage. Compare the facts, and see why Interactive Brokers is the clear winner for advanced options traders worldwide.
Summary
A great choice for US options traders who want access to a huge range of markets and the ability to create complex options strategies.
- Unbeatable Commissions: With commissions ranging from just USD 0.15 to 0.65 per US option contract, Interactive Brokers offers some of the most competitive rates in the industry. Save on costs and maximize your trading potential.
- Global Market Access: Gain access to over 30 market centers worldwide. Trade options on a global scale, opening up a world of opportunities and allowing you to diversify your portfolio across international markets.
- Cutting-Edge Platforms: Experience the power of our professional-grade trading platforms designed specifically for advanced options trading. Take advantage of advanced tools and features, empowering you to execute your strategies with precision and confidence.
- Tailored Trading Permissions: Choose from four levels of options trading permissions to match your unique trading strategies. Whether you’re a seasoned pro or just starting out, Interactive Brokers offers flexibility and customization to meet your individual needs.
Pros
- Very low dealing fees
- Wide market range
- Direct market access
- Complex order types
Cons
- Customer services can be slow
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Pricing
(4.5)
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Market Access
(4.5)
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Online Platform
(5)
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Customer Service
(3.5)
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Research & Analysis
(4.5)
Overall
4.4- Expert opinion: Interactive Brokers (IBKR) full review
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
