Best Options Analysis Software 2020

Best options analysis software 2020


2017 RANKING & REVIEWS
TOP RANKING OPTIONS BROKERS


Finding the Top Options Trading Platforms

Your first question might be: What is options trading?

That’s understandable.

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The investment industry can toss around confusing lingo at times, and options trading is no different.

Chances are, however, that you heard about options trading and want to give it a spin.

That’s how you landed on our list of the best options brokers for 2017.

Best options analysis software 2020

And above everything else, you want to know which is the best options trading platform on the market today.

The good news is that we did the legwork for you.

We compiled a list of options trading platforms, along with key features and functionality. All you have to do is read through the list below and decide which one is the best options broker for you.

Award Emblem: Top 6 Best Options Trading Platforms

Read below on the methodology we used to select the best options brokers for 2017.

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Then read about the best options trading platform offered by each broker and how they might get you started as an options trader today.

AdvisoryHQ’s List of the Best Options Traders


Detailed Review – Top Ranking Options Traders

Below, please find the detailed review of each firm on our list of best options traders.

 We have highlighted some of the factors that allowed these options traders to score so high in our selection ranking

Firstrade Review


Firstrade is an online investment firm that offers one of the best options trading platforms in the business.

The firm was founded in 1985 as First Flushing Services.

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It became one of the first firms to venture into online trading when it launched in 1997 as First Flushing Securities.

One year later, the firm rebranded to Firstrade and has been a mainstay of online investing ever since.

Key Factors That Enabled This Firm to Rank as a Top 2017 Best Options Broker

Listed below are some features of this firm’s platform that we believe make it one of the best options brokers.

Competitive Costs per Order:

Firstrade doesn’t feature the absolute lowest cost per order of the best options brokers on our list, but at a $6.95 base rate and $0.75 per contract fee, it nevertheless remains competitive.

You may further compare Firstrade to competitors on its Broker Comparison page.

Extended Trading Hours:

One of the unique benefits to trading options with Firstrade is its Extended Hours Trading capability.

This feature lets you get a jump on trading that may be affected by recent developments that occur in the hours immediately preceding and following standard market trading.

Did you read something in the morning news that makes you want to place a pre-market trade?

With Firstrade, you may do so between 8:05–9:25 AM.

Have you done more research into an option and want to engage in aftermarket trading?

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Firstrade does that, too, letting you place orders from 4:05–5:25 PM.

Online & Accessible By Mobile Phone:

Firstrade’s iPhone and Android apps let you view account information on the go. Your all-in-one dashboard is available with these apps as well.

Best options analysis software 2020

You also retain full functionality to execute trades just as you would from your PC.

As an added measure of security, iOS devices running Firstrade apps feature Touch ID.

With a touch of your fingerprint, you’ll have instant, secure access to your account.

No or Low Minimums Required:

As a general rule, Firstrade option accounts don’t require minimums for most strategies.

Best options analysis software 2020

However, Spreads & Saddles strategies require a $10,000 minimum, and Uncovered Puts requires $25,000.

User-Friendly Site:

When you log into your Firstrade account, you have access to a customizable all-in-one dashboard. This dashboard shows you a panorama of your account, including history, gains, losses, research, and executing trades.

Not only that, but the Options Wizard streamlines the bulk of your research and work.

It analyzes your data along with market goings-on to provide up-to-date information that you can act upon.

Image Source: Firstrade

Some ways that Options Wizard assists your trading include, but are not limited to, the following:

  • One-month & six-month trend indicators
  • Trading strategy checklists
  • More than 65 technical indicators
  • Profit & loss simulations
  • Support & resistance levels
  • Over 40 complex options strategies
  • Technical & fundamental rankings

Investor Resources:

If you’re interested in trading options but need to shore up your options knowledge, Firstrade has you covered with its Options Investment Guide.

Some of the topics and tools available within the guide are:

  • Options basics
  • Advanced options concepts
  • Options strategies
  • Educational videos
  • Podcasts 
  • Options calculators

Interactive Brokers Review


Interactive Brokers is an online broker-dealer founded by current Chairman and CEO Thomas Peterffy.

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The firm has been involved in options trading for nearly 40 years.

IB has grown to include nearly 1,000 employees across several continents. It also boasts equity capital in excess of $5 billion, along with an estimated 1 million executed trades per day.

Key Factors That Enabled This Firm to Rank as a Top 2017 Best Options Broker

Best options analysis software 2020