Don't know who is best... but I can tell you who is not very good right now, and that is "Cybertrader" (the sponsors of this forum). Now that's a gas... them sponsoring 'this' forum. But they are good at one thing... marketing!
Not only are their commsisions unreasonably prohibitive (what else is new... Schwab arrogance!) at least for "smaller" traders but you can't even place multiple orders on their present X2 software to close/open options position on the same underlying, i.e. or leg into spreads. Can you believe this? If you want for example, to enter an IBM backspread you can't place simultaneous orders on IBM. Will only accept one at a time! So until filled on one leg, you can't enter the other. These guys and their "clearing firm" are so concerned with their risk that they aparently could care less about giving the customer/trader some deference.
Even if you're approved at the highest options level.
Moreover if you happen to want to scale out of positions in a fast moving market you will pay them a separate ticket charge (full commish) on every sale/buy. Whereas other firms will charge a single commssion for all contracts bought/sold on the same contracts; i.e. you sell 5 out of 20 and then 4, 5 and then the 6... you get 4 commissions @ 19.95-24.95 for each of the aforesaid examples!
Moreover try to close one leg and open another in a faster market...! You won't be given proper credit ---that day-- for any release of the closed leg. In other words, you close a spread that releases 10K it won't be available until the next day (unless they have changed there 'deal' in the past month); AND, you might have to spend an inordinate amount of time talking with a not very sophisticated trading representative on their so-called derivatives' team who will "re-run" your account before allowing you to create any new spread (after their beta software screws up your margin requirements). And then, they're arrogant about it like they're doing you a favor! Even though you're "paying" their salaries. And meanwhile as you're doing this the market moves away from you.
Cybertrader has the potential to be real good , but strongly suggest "avoid" until they get their act in order; and until they decide if they really value and desire to have advanced level options customers!
I might add that all of the above issues really interfere with the flow of trading to your best adavantage, and managing your account without a margin fight, even if you are real adept at managing options margins. their computer and software has not caught up to you, yet. <smile>
Oh yeah, if you leg out of the long side of a spread and the re
