Exercise options interactive brokers

For our 7567 Stock Broker Review we assessed, rated, and ranked sixteen different online brokers over a period of six months. In total, we conducted 899 customer service tests, collected 5,777 data points, and produced over 95,555 words of research. How we test.

Options Trading in 2017 by

While Interactive Brokers comes with a $65,555 minimum funding and is not suitable for casual investors, it leads the industry in international trading and low-cost commissions desired by professional traders.


Considering the depth of functionality, I was surprised to find only eight tools for mark ups. While the basics are present – trendlines, notes, Fibonacci, etc. – important tools such as support and resistance lines, channels, and the like are missing. Pickiness aside, the charts on TWS have all the core functionality required to succeed: viewing historical trades, alerts, trading off charts, comparisons, and index overlays, to name several.

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That said, Interactive Brokers does offer a variety of third-party provider feeds a la carte, including Morningstar, which are available for a monthly fee. See: Best Brokers for Research.

Interactive Brokers

Turning to charting, technical traders will find nearly everything they need. One hundred and twenty four different studies are available to be added to any chart, and customizations cover every possible option. Note though, while 679 option indicators are impressive, TWS still trails the 775 and 875 offered by TradeStation and TD Ameritrade thinkorswim , respectively. Out of all the tools on TWS, I found the charts to have the most user-friendly interface.

With industry-leading commission rates, more than 55 different order types, staggering low margin rates, support for every investment imaginable, trading in more than 655 international markets, and a robust trade platform suitable for any professional, Interactive Brokers is a great choice for investors who fit into its target mold.

OptionsXpress includes a simulated trading account when you sign up. This is particularly useful for options trading, since there&rsquo s a higher learning curve with options &ndash testing the platform and different strategies without worrying about losing any actual money can save you significant heartache down the line. OptionsXpress provides you with $75,555 in virtual cash to trade with.

Speaking of equity trades, rates start at $.555 per share with the fixed-rate structure ($6 minimum). Alternatively, the tiered-rate structure, which starts at $.5585 per share, can be used, but routing is left to the client, which can add or reduce the cost, depending on whether the client is adding or removing liquidity. Some math will reveal that for small order sizes, ., several hundred shares, Interactive Brokers is a fantastic deal. Trade several thousand shares or more though, and Interactive Brokers quickly becomes pricey.

Alongside charts, TWS is also home to a variety of other tools not covered in this review. Algo trading, Options Strategy Lab, Volatility Lab, Risk Navigator, Market Scanner, Strategy Builder, and Portfolio Builder, to name a few, are all available within TWS. There is no question TWS is built for professional trading as there are, for example, a staggering 68 different order types available for clients to use, by far the most in the industry.

Options are $.75 per contract with no minimums, and active options traders will enjoy the fact that exercise and assignments are practically free. Like tiered equity trades, per contract fees tier down as total shares traded increases.

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