What Broker Should I Use?

First, I will only give recommendations for brokers that I use and I will give you my honest opinion.

• TD Ameritrade

Commission: $9.99 / flat fee + $0.75 per contract (you can negotiate a much smaller commission)

Trading Platform: ThinkorSwim

Platform Cost: Free

Required Initial Deposit: $50

You will be hard pressed to find a better broker for options trading. TD Ameritrade has fast option executions, their trading platform is free and has special option features that no other platform has. Also, you can negotiate your commission down to below $3.00 without a $9.99 fee. Their best feature is their customer service and their banking features.