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Online options trading
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ricefarmer14
Posted 2/7/2013 17:29 (#2882187)
Subject: Online options trading


East Arkansas
What is good discount site to trade options and buy sell grain contracts...these 75 dollar ADM fees are getting steep. I don't trade a lot, less than two dozen trades a year.
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milofarmer1
Posted 2/7/2013 18:21 (#2882306 - in reply to #2882187)
Subject: Re: Online options trading



Texas/New Mexico Stateline

I have had very good experience so far with grainhedge.com. Their commission is about $15 $17ish a complete in and out futures trade. I have not tried trading any options through their site. If I needed to talk to somebody on the phone they have been very easy to get a hold of. You do have to pay a subscription for their trading platform if you want to use it. Otherwise you can make simple trades through the website w/out a subscription.

TD Ameritrade is also very cheap, but they are weak on their ag futures offerings. No mini contracts, no KC wheat, etc. Just basic corn, soy, wheat, livestock.  But their platform Think or Swim is free, and I do like it.  

Whatever you decide to use, figure on about 2 weeks getting everything setup and approved. Takes a whole stack of forms and disclosures to open a full on futures account.



Edited by milofarmer1 2/7/2013 18:26
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Run_the_wheel
Posted 2/7/2013 19:16 (#2882456 - in reply to #2882187)
Subject: RE: Online options trading


Central Iowa
Check out Open E Cry (openecry.com) $5.xx per round trip on grains. You can trade just about any product under the sun - the ag complex, forex, equity index futures, foreign markets.... No data fees or platform fees. One click trade execution from the DOM.
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17821x
Posted 2/7/2013 21:06 (#2882826 - in reply to #2882187)
Subject: RE: Online options trading


NE Iowa
www.optionsexpress.com
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stone picker
Posted 2/8/2013 02:48 (#2883278 - in reply to #2882826)
Subject: Re: Online options trading


S. central Mi.
options express
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jdfarmer30
Posted 2/8/2013 08:39 (#2883654 - in reply to #2882456)
Subject: RE: Online options trading


North Central Iowa
Thanks for the recommending OEC. I've been using optionsexpress for a year or so. I tried out OEC's trader demo and like what I see. Just traded some soy options and $13 per side plus fees is crazy compared to $1.29 plus fees. Spent $26 to trade 2 options with options express. Looks like it's time to save some money.

Edited by jdfarmer30 2/8/2013 08:45
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jeremeyfrost
Posted 2/8/2013 15:29 (#2884377 - in reply to #2882187)
Subject: Re: Online options trading


onida, south dakota
i like optionsexpress

but i have noticed good add's for thinknswim and td amera trade.........not sure on spelling

also somehting to consider might be CHS Hedging...........they do pay patronage back if you are a producer and fill out patronage

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