Online broker eOption courts active traders who prioritize low costs over fancy tools, trading platforms and research. If that’s your game, you’ll probably be more than satisfied with the company’s rock-bottom stock and options trading commissions. EOption also has very reasonable margin rates — so reasonable, they landed it a spot on our list of best online brokers for day trading even though the broker ranks just 3.5 stars overall.
EOption delivers low costs to advanced, active traders who can avoid its extra fees and who don’t mind the lack of an advanced trading platform. Investors who trade on margin will also benefit from the broker’s very competitive margin rates. However, those who are willing to pay a bit more in commissions will probably favor a broker that offers advanced features, tools and research, such as OptionsHouse.
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