If you are just beginning and want to trade commission-free then Robinhood is the perfect brokerage for you.

It is recommended that if you are trading with less than $2000 you trade with a commission-free brokerage as the commission can eat up all your profits when trading with low volume. All of my trades are through Robinhood as the disadvantages can be offset by other programs.

Advantages:

       • Commission-free trading

       • Beginner friendly

       • Mobile app allows for flexible trading

       • No minimum account balance

       • Spreads and strategies are permitted after you have traded a few options

Disadvantages:

        • Limited research capabilities (offset by thinkorswim)

        • No stop loss for options

Sign up with the link above to receive a free stock worth $5 - $200!

For the more advanced traders, ETrade is the perfect brokerage for options trading.

Advantages:

        • Professional-level trading platform

        • Offer tiered commission structure

        • Best for active, high volume traders

Disadvantages:

        • Minimum account balance of $500

        • High commission fees ($6.95 per trade plus $0.75 per options contract)