Best Option Trading Platforms (TD Ameritrade vs E*TRADE vs Fidelity Investments). In this video I will talk about the best option trading platforms.
Links to the option trading platform:
https://us.etrade.com/home#
https://www.fidelity.com/#
https://www.tdameritrade.com/#
TD Ameritrade- Best for educational resources
If you are looking for an online platform with transparent pricing that will nurture and guide you as a beginner, TD Ameritrade is the best option. The platform offers excellent educational material on analysis and income investment ranging from in-person workshops, curriculums, webcasts, articles and videos. The platform has excellent and reliable customer support for beginners who have questions about trading. You should also note that with Charles Schwab purchasing TD Ameritrade, you can enjoy the Thinkorswim feature that enables you to interact with peers and experts. The paper trading account gives you a chance as a beginner to practice using pretend money with trading commissions of $0 in stocks and ETFs, plus a $0.65 fee for contract options.
E*TRADE- Best for ease of use
E*Trade is the best option for a beginner who wants a trading platform with a charting area that is easy to navigate. With the Bloomberg T, you can easily live stream the latest news on the basics of stock selection. In terms of educational offers, you get introductory webcasts twice a week to understand the market better. The platform is suitable for beginners as it offers the basics of selecting stocks. It provides $0 commissions on stocks and ETFs, $0.50 for contract options and a $1,000 bonus for brokerage account opening.
Fidelity Investments
For beginners who want a competitive platform in commissions and fees, Fidelity Investments is the best choice, with trading commissions of $0 for stocks and ETFs plus a $0.65 fee for contract options. What makes it stand out is the ETF screener tool that scans over 2,000 commission-free ETFs. Its fund-screening educational resources, including basics for first-timers and customer support, are also great. With Fidelity, you will keep your risk low as you invest in 7,000 plus stocks and ETFs with minimal amounts, thus making it great for beginners. It has a watchlist tool that lets you set mobile alerts to track stocks that interest you.
So, which is the best option trading platform on the list?
Our top pick is Fidelity Investments. We loved it because it offers beginners many commission-free ETFs and educational resources.
Please note that these fees and rates are current and subject to change in the future.
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