Minimum: $0 / $2,000 Margin
**Account Opening Bonus with Link above: New Clients may receive up to $1,000 in IBKR Shares. ($1 worth of shares for each $100 in Deposit Value) See Interactive Brokers for full details.
Pros: Great reporting and trade execution. System has built in automated trading ability as well as relatively easy API capability. Costs are low and they pay an excellent interest rate on balances in excess of $10,000. Commissions are low or free depending on account.
Cons: While option trading is good, the interface and ease of use is not as good as others. This can make inputting complex option orders a little slower.
Minimum: $0 / $2,000 Margin
**Account Opening Bonus with Link above: New Clients may receive up to $5,000. (After 6 months) See Tastytrade for full details.
Pros: The Best Option trading platform. Complex option orders are easy to enter and see overall buying power impacts and max loss potential. Customer service is excellent and there are strong educational programs available on the website and through their daily media channel. Commissions are low.
Cons: Reporting is just okay. Trade execution is not as good as others like Interactive Brokers. Does not pay interest on cash balances.