Best Options Brokers

When it comes to trading options, selecting the right broker is essential for both seasoned investors and newcomers. A reputable and efficient broker can provide the necessary tools, resources, and platforms to maximize the potential of options trading. Several brokers stand out in the global market for their exemplary services, diverse options offerings, and overall reputation in the financial industry. Among these top brokers are Goldman Sachs, Sucden (UK) Limited, TradeKing, and MB Trading. Each of these brokers is distinguished by their commitment to quality services, user experience, and dedication to supporting traders in the complex world of options trading.

Goldman Sachs is undoubtedly one of the most well-known and respected financial institutions globally, and its options trading platform is no exception. According to the Tabb Group’s US Options Trading 2009 report, Goldman Sachs was recognized as the top options broker by the number of mentions received from respondents, which is a testament to the firm’s strong reputation and commitment to excellence in the field. The broker is also renowned for its platform, REDIPlus, which was ranked as the No. 1 options trading platform. REDIPlus offers advanced technology, allowing traders to access a variety of trading tools and features that cater to both beginner and professional traders. The platform provides users with real-time data, comprehensive charting tools, and risk management features, ensuring that investors can execute their trades efficiently and with confidence.

Furthermore, Goldman Sachs has earned recognition for its performance in various asset classes. It was awarded the ‘Best Multi-Asset Trading Service’ at the inaugural TradeTech 2007 Awards in Paris, highlighting the firm’s ability to excel in equities, futures, options, synthetics, and foreign exchange (FX). This multi-asset trading capability allows clients to diversify their portfolios across multiple instruments, adding more flexibility to their trading strategies. Overall, Goldman Sachs offers a high-quality options trading experience, making it one of the most trusted names in the financial industry.

Sucden (UK) Limited, a London-based broker, has also established itself as a leading player in the options market, particularly for commodity and financial futures. Sucden’s options trading services are highly regarded in the industry, as the company has been voted ‘Best Futures and Options Broker’ by readers of Shares Magazine. Sucden is authorized and regulated by The Financial Services Authority (FSA), which ensures that the firm operates with a high level of integrity and follows the stringent regulatory standards set forth by the FSA.

Sucden’s reputation for offering competitive pricing, excellent customer support, and a wide range of trading instruments has earned it a dedicated following among options traders. The broker's platforms provide access to both simple and advanced options strategies, catering to investors at different levels of experience. Traders can use the tools provided by Sucden to analyze markets, execute trades, and manage their positions efficiently. For those interested in trading commodities or futures options, Sucden offers one of the best platforms in the UK market, with robust features that allow users to monitor their trades and adjust their strategies in real time.

TradeKing is another prominent broker that has earned a reputation for excellence in options trading. In Barron’s 15th Annual ranking of online brokers, TradeKing was awarded 4 out of 5 stars for the fourth consecutive year in the "Best for Option Traders" category, reflecting its consistent performance in supporting options traders. In addition to this, the broker was recognized with the prestigious “Best in Show” award by the Financial Communications Society’s 2008 Portfolio Awards for its innovative Options Playbook. The Options Playbook is a particularly valuable resource for traders, as it provides detailed guides and educational materials on various options strategies, such as covered calls, straddles, and spreads.

TradeKing’s platform is known for being user-friendly and intuitive, making it an excellent choice for novice traders who may be new to options trading. At the same time, it offers advanced features that more experienced traders can use to enhance their strategies. TradeKing is also praised for its competitive pricing structure and its commitment to transparency, which makes it easier for traders to understand the costs associated with each trade. Furthermore, TradeKing offers excellent customer service, with responsive support teams available to assist with any issues or questions traders may have.

MB Trading is another exceptional broker for options traders, having earned a solid reputation for its user-focused platform and competitive services. The broker received a 4.5 out of 5-star rating in Barron’s 2010 Review of Online Brokers and was ranked second overall. Additionally, MB Trading earned top positions in several important categories, including "Best for Frequent Traders" and "Best for Options Traders." The company’s high rating in the “Trade Experience” and “Portfolio Analysis & Reporting” categories demonstrates its commitment to providing traders with the necessary tools to make informed decisions and execute trades effectively.

One of the key features of MB Trading is its versatile platform, which supports a wide range of options trading strategies. It provides traders with advanced charting, real-time data, and risk management tools, all of which are essential for effective options trading. The broker also caters to active traders by offering low commissions, tight spreads, and fast execution speeds, which can be particularly beneficial for frequent traders who need to minimize trading costs and optimize their strategies. Furthermore, MB Trading’s customer service is highly rated, with responsive and knowledgeable staff ready to assist with any technical or trading-related inquiries.

Overall, these top options brokers offer traders a wide range of tools, resources, and services that can help them navigate the complex world of options trading. Whether through advanced trading platforms, comprehensive educational resources, or responsive customer support, these brokers strive to ensure that their clients can trade options successfully. For traders seeking reliable and trustworthy brokers to handle their options trades, Goldman Sachs, Sucden (UK) Limited, TradeKing, and MB Trading provide excellent options. Each of these brokers excels in different areas, allowing traders to choose the platform that best suits their individual needs and preferences. Whether an investor is looking for a reputable financial institution with advanced tools like Goldman Sachs or a more beginner-friendly platform like TradeKing, there is no shortage of excellent options available in the market.