eOption
Pros
- Commission-free domestic stock and ETF trades
- Low options commissions at $0.10 per contract plus $1.99 per execution
- Paper trading account available for practice
- Direct-access platforms including DAS Trader Pro and Sterling Trader Pro
- Free OptionsPlay integration for options analysis
- No account minimum for domestic cash accounts
- SIPC protection plus excess SIPC coverage up to $25,000,000 per customer
Cons
- Inactivity fee of $50/year for accounts under $25,000 with fewer than two trades annually
- Wire withdrawal fee of $35 per transfer
- No crypto trading available
- No fractional shares
- No futures trading
- International accounts require a $25,000 minimum deposit
- Limited fundamental research tools compared to larger brokers
- Foreign stock trades cost $39 per trade