What Options Broker do You Use?

by Tom Nunamaker on April 18, 2011

We have a one question survey to see what the most popular options broker is.

Please take this short survey:

What Option Broker Do you Use? Survey

We’ll post the the results here and in our public forums here:

http://forums.sheridanmentoring.com/f9/what-option-broker-do-you-use-27/

UPDATE: We have some results now.. with 234 responding.  I’m going to the survey now as we have a good sample size and the numbers didn’t change much from when we had 125 responses.

For primary options broker
69.6% ThinkOrSwim
12.1% Interactive Brokers
9.4% OptionsXpress
4.5% TradeMONSTER
3.6% OptionsHouse

For Primary or Secondary Broker
64.0% ThinkOrSwim
12.6% Interactive Brokers
12.6% OptionsXpress
6.8% TradeMONSTER
5.2% OptionsHouse

The rest combined were under 2% of the results.

 

Forest, Hauptstuhl, Germany

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{ 6 comments… read them below or add one }

Glenn April 12, 2011 at 11:06 am

I am curious about the results because I have heard Dan on some webinars say we should be paying 1.00 to a max of 1.25 with no ticket charge.

Does Dan’s community get a discount from the standard ToS rate?

I love the ToS platform, the quoted commish rates, not so much.

Tom Nunamaker April 12, 2011 at 11:08 am

Hi Glenn,

This is a group rate for Sheridan Mentoring students but you still have to negotiate to get to $1.25 or $1.00 per contract with no ticket charge. I’ll publish a post with a brokerage commission survey I did last night soon.

Glenn April 12, 2011 at 11:33 am

Thanks Tom. I am looking forward to joining SOM in the near future. Cheers and thanks for this new forum!

Tom Nunamaker April 12, 2011 at 11:34 am

Hi Glenn,

I look forward to seeing you in the community!

Deran February 13, 2013 at 7:31 am

Sorry, but I never heard about thinkorswim. Optionyard and 24option are not listed here, I am wondering about that.

Tom Nunamaker February 19, 2013 at 1:37 am

That survey was a few years ago. 85% of our mentoring students at the time were using ThinkOrSwim (now owned by TD Ameritrade)

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